HKZ ENTERPRISES: 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.
HKZ ENTERPRISES
Largest movements
- Stocks and contracts +€41,547
up €41,547 (+134%), from €30,913 to €72,459
- Receivables within one year +€20,054
up €20,054 (+315%), from €6,376 to €26,429
of which Trade receivables: +€18,025
- Tangible fixed assets +€19,431
up €19,431 (+356%), from €5,457 to €24,888
- Cash +€8,084
up €8,084 (+192%), from €4,208 to €12,292
mainly Net result for the year (+€48,635) and Trade debts (+€29,509)
- Profit (loss) carried forward +€48,635
up €48,635, from -€8,184 to €40,451
- Contributions -€29,590
down €29,590 (-74.7%), from €39,590 to €10,000
- Trade debts +€29,509
up €29,509 (+220%), from €13,437 to €42,946
- Tax, wage and social debts +€27,362
up €27,362 (+1,145%), from €2,389 to €29,751
of which Remuneration and social security: +€18,340
- Other debts +€13,640
new in 2025: €13,640
- Turnover +€650,682
up €650,682 (+256%), from €254,067 to €904,748
- Purchases and services +€577,621
up €577,621 (+222%), from €260,120 to €837,741
- Gross operating margin +€73,060
up €73,060, from -€6,053 to €67,007
- Taxes +€10,250
new in 2025: €10,250
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 | €47,232 | €136,789 | +€89,556 | +190% |
| Fixed assets | 21/28 | €5,457 | €24,888 | +€19,431 | +356% |
| Tangible fixed assets | 22/27 | €5,457 | €24,888 | +€19,431 | +356% |
| Furniture and vehicles | 24 | €5,457 | €24,888 | +€19,431 | +356% |
| Current assets | 29/58 | €41,775 | €111,900 | +€70,125 | +168% |
| Stocks and contracts in progress | 3 | €30,913 | €72,459 | +€41,547 | +134% |
| Stocks | 30/36 | €30,913 | €72,459 | +€41,547 | +134% |
| Amounts receivable within one year | 40/41 | €6,376 | €26,429 | +€20,054 | +315% |
| Trade receivables | 40 | €1,370 | €19,394 | +€18,025 | +1,316% |
| Other amounts receivable | 41 | €5,006 | €7,035 | +€2,029 | +40.5% |
| Cash at bank and in hand | 54/58 | €4,208 | €12,292 | +€8,084 | +192% |
| Deferred charges and accrued income | 490/1 | €279 | €719 | +€441 | +158% |
| Total equity and liabilities | 10/49 | €47,232 | €136,789 | +€89,556 | +190% |
| Equity | 10/15 | €31,406 | €50,451 | +€19,045 | +60.6% |
| Contributions | 10/11 | €39,590 | €10,000 | -€29,590 | -74.7% |
| Profit (loss) carried forward | 14 | -€8,184 | €40,451 | +€48,635 | |
| Amounts payable | 17/49 | €15,826 | €86,337 | +€70,512 | +446% |
| Amounts payable within one year | 42/48 | €15,826 | €86,337 | +€70,512 | +446% |
| Trade debts | 44 | €13,437 | €42,946 | +€29,509 | +220% |
| Suppliers | 440/4 | €13,437 | €42,946 | +€29,509 | +220% |
| Taxes, remuneration and social security | 45 | €2,389 | €29,751 | +€27,362 | +1,145% |
| Taxes | 450/3 | €1,228 | €10,250 | +€9,022 | +735% |
| Remuneration and social security | 454/9 | €1,161 | €19,501 | +€18,340 | +1,580% |
| Other amounts payable | 47/48 | - | €13,640 | +€13,640 | |
| Turnover | 70 | €254,067 | €904,748 | +€650,682 | +256% |
| Goods, raw materials, services and sundry goods | 60/61 | €260,120 | €837,741 | +€577,621 | +222% |
| Remuneration, social security and pensions | 62 | - | €3,200 | +€3,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,675 | €3,569 | +€1,894 | +113% |
| Other operating charges | 640/8 | €371 | €672 | +€301 | +81.1% |
| Non-recurring operating charges | 66A | - | €307 | +€307 | |
| Gross operating margin | 9900 | -€6,053 | €67,007 | +€73,060 | |
| Operating profit (loss) | 9901 | -€8,099 | €59,260 | +€67,359 | |
| Financial income | 75/76B | €2 | €8 | +€6 | +358% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +358% |
| Financial charges | 65/66B | €87 | €383 | +€296 | +341% |
| Recurring financial charges | 65 | €87 | €383 | +€296 | +341% |
| Profit (loss) for the period before taxes | 9903 | -€8,184 | €58,885 | +€67,069 | |
| Income taxes | 67/77 | - | €10,250 | +€10,250 | |
| Profit (loss) for the period | 9904 | -€8,184 | €48,635 | +€56,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,184 | €48,635 | +€56,819 |
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 29 October 2026 via checked.be.