HKR: 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.
HKR
Largest movements
- Cash -€28,950
down €28,950 (-79.8%), from €36,279 to €7,329
mainly Trade debts (-€29,518) and Receivables within one year (-€14,381)
- Receivables within one year +€14,381
up €14,381 (+72.8%), from €19,742 to €34,123
of which Trade receivables: +€12,694
- Tangible fixed assets -€9,696
down €9,696 (-43.3%), from €22,414 to €12,718
of which Furniture and vehicles: -€8,042
- Trade debts -€29,518
down €29,518 (-53.9%), from €54,766 to €25,248
- Current portion of long-term debt +€6,368
new in 2025: €6,368
- Profit (loss) carried forward -€2,792
down €2,792 (-9.1%), from €30,788 to €27,996
- Tax, wage and social debts +€1,677
up €1,677 (+1484.1%), from €113 to €1,790
- Purchases and services +€347,033
up €347,033 (+52.2%), from €665,434 to €1.0m
- Turnover +€339,553
up €339,553 (+50.0%), from €679,717 to €1.0m
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.
Cash bridge derived
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 | €104,167 | €79,902 | -€24,265 | -23.3% |
| Fixed assets | 21/28 | €22,414 | €12,718 | -€9,696 | -43.3% |
| Tangible fixed assets | 22/27 | €22,414 | €12,718 | -€9,696 | -43.3% |
| Plant, machinery and equipment | 23 | €3,307 | €1,653 | -€1,654 | -50.0% |
| Furniture and vehicles | 24 | €19,107 | €11,065 | -€8,042 | -42.1% |
| Current assets | 29/58 | €81,753 | €67,184 | -€14,569 | -17.8% |
| Stocks and contracts in progress | 3 | €25,732 | €25,732 | = | 0.0% |
| Stocks | 30/36 | €25,732 | €25,732 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,742 | €34,123 | +€14,381 | +72.8% |
| Trade receivables | 40 | €19,742 | €32,436 | +€12,694 | +64.3% |
| Other amounts receivable | 41 | - | €1,687 | +€1,687 | |
| Cash at bank and in hand | 54/58 | €36,279 | €7,329 | -€28,950 | -79.8% |
| Total equity and liabilities | 10/49 | €104,167 | €79,902 | -€24,265 | -23.3% |
| Equity | 10/15 | €49,288 | €46,496 | -€2,792 | -5.7% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,788 | €27,996 | -€2,792 | -9.1% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €54,879 | €33,406 | -€21,473 | -39.1% |
| Amounts payable within one year | 42/48 | €54,879 | €33,406 | -€21,473 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,368 | +€6,368 | |
| Trade debts | 44 | €54,766 | €25,248 | -€29,518 | -53.9% |
| Suppliers | 440/4 | €54,766 | €25,248 | -€29,518 | -53.9% |
| Taxes, remuneration and social security | 45 | €113 | €1,790 | +€1,677 | +1484.1% |
| Taxes | 450/3 | €113 | €1,790 | +€1,677 | +1484.1% |
| Turnover | 70 | €679,717 | €1,019,270 | +€339,553 | +50.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €665,434 | €1,012,467 | +€347,033 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,696 | €7,685 | -€2,011 | -20.7% |
| Other operating charges | 640/8 | €720 | €1,929 | +€1,209 | +167.9% |
| Gross operating margin | 9900 | €14,283 | €6,803 | -€7,480 | -52.4% |
| Operating profit (loss) | 9901 | €3,867 | -€2,811 | -€6,678 | |
| Financial income | 75/76B | - | €19 | +€19 | |
| Recurring financial income | 75 | - | €19 | +€19 | |
| Financial charges | 65/66B | €150 | - | -€150 | |
| Recurring financial charges | 65 | €150 | - | -€150 | |
| Profit (loss) for the period before taxes | 9903 | €3,717 | -€2,792 | -€6,509 | |
| Profit (loss) for the period | 9904 | €3,717 | -€2,792 | -€6,509 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,717 | -€2,792 | -€6,509 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.