HKN RENOV: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HKN RENOV
Largest movements
- Receivables within one year +€6,707
up €6,707 (+11.3%), from €59,303 to €66,010
of which Other amounts receivable: +€62,714
- Tangible fixed assets -€1,146
down €1,146 (-70.2%), from €1,632 to €486
of which Furniture and vehicles: -€708
- Trade debts -€41,415
down €41,415 (-92.4%), from €44,842 to €3,427
- Profit (loss) carried forward +€37,752
up €37,752 (+112%), from €33,844 to €71,596
- Tax, wage and social debts +€14,176
up €14,176 (+1,584%), from €895 to €15,071
- Debts after one year -€4,931
down €4,931 (-45.7%), from €10,798 to €5,867
- Gross operating margin +€48,021
up €48,021 (+526%), from €9,133 to €57,154
- Taxes +€13,281
up €13,281 (+1,484%), from €895 to €14,176
- Financial charges -€2,027
down €2,027 (-38.4%), from €5,277 to €3,250
- Other operating charges -€760
down €760 (-47.8%), from €1,590 to €830
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,610 | €103,236 | +€5,627 | +5.8% |
| Fixed assets | 21/28 | €3,732 | €2,586 | -€1,146 | -30.7% |
| Tangible fixed assets | 22/27 | €1,632 | €486 | -€1,146 | -70.2% |
| Furniture and vehicles | 24 | €741 | €33 | -€708 | -95.5% |
| Leasing and similar rights | 25 | €891 | €453 | -€438 | -49.2% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €93,877 | €100,650 | +€6,773 | +7.2% |
| Stocks and contracts in progress | 3 | €34,561 | €34,561 | = | 0.0% |
| Stocks | 30/36 | €34,561 | €34,561 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,303 | €66,010 | +€6,707 | +11.3% |
| Trade receivables | 40 | €59,196 | €3,189 | -€56,007 | -94.6% |
| Other amounts receivable | 41 | €107 | €62,821 | +€62,714 | +58,776% |
| Cash at bank and in hand | 54/58 | €14 | €80 | +€66 | +472% |
| Total equity and liabilities | 10/49 | €97,610 | €103,236 | +€5,627 | +5.8% |
| Equity | 10/15 | €36,844 | €74,596 | +€37,752 | +102% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,844 | €71,596 | +€37,752 | +112% |
| Amounts payable | 17/49 | €60,765 | €28,640 | -€32,126 | -52.9% |
| Amounts payable after more than one year | 17 | €10,798 | €5,867 | -€4,931 | -45.7% |
| Financial debts | 170/4 | €10,798 | €5,867 | -€4,931 | -45.7% |
| Amounts payable within one year | 42/48 | €49,968 | €22,773 | -€27,194 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €3,911 | €4,261 | +€350 | +9.0% |
| Financial debts | 43 | - | €14 | +€14 | |
| Credit institutions | 430/8 | - | €14 | +€14 | |
| Trade debts | 44 | €44,842 | €3,427 | -€41,415 | -92.4% |
| Suppliers | 440/4 | €44,842 | €3,427 | -€41,415 | -92.4% |
| Taxes, remuneration and social security | 45 | €895 | €15,071 | +€14,176 | +1,584% |
| Taxes | 450/3 | €895 | €15,071 | +€14,176 | +1,584% |
| Other amounts payable | 47/48 | €320 | - | -€320 | |
| Remuneration, social security and pensions | 62 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,132 | €1,146 | +€14 | +1.3% |
| Other operating charges | 640/8 | €1,590 | €830 | -€760 | -47.8% |
| Gross operating margin | 9900 | €9,133 | €57,154 | +€48,021 | +526% |
| Operating profit (loss) | 9901 | €6,357 | €55,178 | +€48,821 | +768% |
| Financial charges | 65/66B | €5,277 | €3,250 | -€2,027 | -38.4% |
| Recurring financial charges | 65 | €5,277 | €3,250 | -€2,027 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €1,080 | €51,928 | +€50,848 | +4,709% |
| Income taxes | 67/77 | €895 | €14,176 | +€13,281 | +1,484% |
| Profit (loss) for the period | 9904 | €185 | €37,752 | +€37,567 | +20,309% |
| Profit (loss) for the period to be appropriated | 9905 | €185 | €37,752 | +€37,567 | +20,309% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.