HKONNECT: what changed
Two fiscal 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.
HKONNECT
Largest movements
- Cash -€56,508
down €56,508 (-88.0%), from €64,212 to €7,704
mainly Receivables within one year (-€52,329) and Tax, wage and social debts (-€22,955)
- Receivables within one year +€52,329
up €52,329 (+82.0%), from €63,819 to €116,148
of which Other amounts receivable: +€42,465
- Profit (loss) carried forward +€23,615
up €23,615 (+29.5%), from €80,141 to €103,756
- Tax, wage and social debts -€22,955
down €22,955 (-57.4%), from €40,011 to €17,056
- Trade debts -€5,989
down €5,989 (-68.4%), from €8,752 to €2,763
- Turnover -€200,996
no longer reported in 2024 (was €200,996)
- Purchases and services -€117,135
no longer reported in 2024 (was €117,135)
- Gross operating margin -€51,962
down €51,962 (-62.0%), from €83,861 to €31,900
- Taxes -€8,284
down €8,284 (-54.8%), from €15,105 to €6,821
- Financial charges -€2,899
down €2,899 (-62.7%), from €4,625 to €1,726
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,404 | €125,075 | -€5,329 | -4.1% |
| Fixed assets | 21/28 | €2,373 | €1,223 | -€1,150 | -48.5% |
| Tangible fixed assets | 22/27 | €2,373 | €1,223 | -€1,150 | -48.5% |
| Furniture and vehicles | 24 | €2,373 | €1,223 | -€1,150 | -48.5% |
| Current assets | 29/58 | €128,032 | €123,852 | -€4,179 | -3.3% |
| Amounts receivable within one year | 40/41 | €63,819 | €116,148 | +€52,329 | +82.0% |
| Trade receivables | 40 | €56,436 | €66,300 | +€9,864 | +17.5% |
| Other amounts receivable | 41 | €7,383 | €49,848 | +€42,465 | +575.1% |
| Cash at bank and in hand | 54/58 | €64,212 | €7,704 | -€56,508 | -88.0% |
| Total equity and liabilities | 10/49 | €130,404 | €125,075 | -€5,329 | -4.1% |
| Equity | 10/15 | €81,641 | €105,256 | +€23,615 | +28.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | - | €1,500 | +€1,500 | |
| Other | 1109/19 | - | €1,500 | +€1,500 | |
| Profit (loss) carried forward | 14 | €80,141 | €103,756 | +€23,615 | +29.5% |
| Amounts payable | 17/49 | €48,763 | €19,819 | -€28,944 | -59.4% |
| Amounts payable within one year | 42/48 | €48,763 | €19,819 | -€28,944 | -59.4% |
| Trade debts | 44 | €8,752 | €2,763 | -€5,989 | -68.4% |
| Suppliers | 440/4 | €8,752 | €2,763 | -€5,989 | -68.4% |
| Taxes, remuneration and social security | 45 | €40,011 | €17,056 | -€22,955 | -57.4% |
| Taxes | 450/3 | €40,011 | €17,056 | -€22,955 | -57.4% |
| Turnover | 70 | €200,996 | - | -€200,996 | |
| Goods, raw materials, services and sundry goods | 60/61 | €117,135 | - | -€117,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150 | €1,150 | = | 0.0% |
| Other operating charges | 640/8 | €1,245 | €1,271 | +€25 | +2.0% |
| Gross operating margin | 9900 | €83,861 | €31,900 | -€51,962 | -62.0% |
| Operating profit (loss) | 9901 | €81,466 | €29,479 | -€51,987 | -63.8% |
| Financial income | 75/76B | €177 | €2,683 | +€2,506 | +1412.2% |
| Recurring financial income | 75 | €177 | €2,683 | +€2,506 | +1412.2% |
| Financial charges | 65/66B | €4,625 | €1,726 | -€2,899 | -62.7% |
| Recurring financial charges | 65 | €4,625 | €1,726 | -€2,899 | -62.7% |
| Profit (loss) for the period before taxes | 9903 | €77,018 | €30,436 | -€46,582 | -60.5% |
| Income taxes | 67/77 | €15,105 | €6,821 | -€8,284 | -54.8% |
| Profit (loss) for the period | 9904 | €61,913 | €23,615 | -€38,298 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,913 | €23,615 | -€38,298 | -61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.