HLKD SERVICES: 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.
HLKD SERVICES
Largest movements
- Tangible fixed assets +€231,981
up €231,981 (+816%), from €28,421 to €260,402
of which Land and buildings: +€185,559
- Receivables within one year +€39,656
up €39,656 (+65.2%), from €60,840 to €100,495
of which Other amounts receivable: +€48,913
- Debts after one year +€191,248
up €191,248 (+678%), from €28,200 to €219,448
- Other debts +€58,058
up €58,058 (+1,155%), from €5,028 to €63,086
- Profit (loss) carried forward +€17,367
up €17,367 (+274%), from €6,350 to €23,717
- Trade debts -€15,755
down €15,755 (-61.7%), from €25,531 to €9,776
- Current portion of long-term debt +€15,130
up €15,130 (+163%), from €9,301 to €24,431
- Staff costs -€31,184
down €31,184 (-51.7%), from €60,329 to €29,145
- Depreciation +€13,121
up €13,121 (+220%), from €5,961 to €19,083
- Gross operating margin -€11,406
down €11,406 (-13.2%), from €86,107 to €74,701
- Other operating charges +€2,710
up €2,710 (+311%), from €872 to €3,582
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 | €93,681 | €365,644 | +€271,962 | +290% |
| Fixed assets | 21/28 | €28,551 | €260,532 | +€231,981 | +813% |
| Tangible fixed assets | 22/27 | €28,421 | €260,402 | +€231,981 | +816% |
| Land and buildings | 22 | - | €185,559 | +€185,559 | |
| Plant, machinery and equipment | 23 | €19,727 | €38,030 | +€18,303 | +92.8% |
| Furniture and vehicles | 24 | €8,694 | €36,813 | +€28,119 | +323% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €65,130 | €105,111 | +€39,982 | +61.4% |
| Amounts receivable within one year | 40/41 | €60,840 | €100,495 | +€39,656 | +65.2% |
| Trade receivables | 40 | €47,752 | €38,495 | -€9,257 | -19.4% |
| Other amounts receivable | 41 | €13,087 | €62,000 | +€48,913 | +374% |
| Cash at bank and in hand | 54/58 | €4,290 | €4,616 | +€326 | +7.6% |
| Total equity and liabilities | 10/49 | €93,681 | €365,644 | +€271,962 | +290% |
| Equity | 10/15 | €20,196 | €37,563 | +€17,367 | +86.0% |
| Contributions | 10/11 | €13,800 | €13,800 | = | 0.0% |
| Reserves | 13 | €46 | €46 | = | 0.0% |
| Distributable reserves | 133 | €46 | €46 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,350 | €23,717 | +€17,367 | +274% |
| Amounts payable | 17/49 | €73,486 | €328,081 | +€254,595 | +346% |
| Amounts payable after more than one year | 17 | €28,200 | €219,448 | +€191,248 | +678% |
| Financial debts | 170/4 | €28,200 | €219,448 | +€191,248 | +678% |
| Amounts payable within one year | 42/48 | €45,286 | €108,633 | +€63,347 | +140% |
| Current portion of amounts payable after more than one year | 42 | €9,301 | €24,431 | +€15,130 | +163% |
| Trade debts | 44 | €25,531 | €9,776 | -€15,755 | -61.7% |
| Suppliers | 440/4 | €25,531 | €9,776 | -€15,755 | -61.7% |
| Taxes, remuneration and social security | 45 | €5,426 | €11,341 | +€5,915 | +109% |
| Taxes | 450/3 | €3,422 | €6,039 | +€2,617 | +76.5% |
| Remuneration and social security | 454/9 | €2,004 | €5,302 | +€3,298 | +165% |
| Other amounts payable | 47/48 | €5,028 | €63,086 | +€58,058 | +1,155% |
| Remuneration, social security and pensions | 62 | €60,329 | €29,145 | -€31,184 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,961 | €19,083 | +€13,121 | +220% |
| Other operating charges | 640/8 | €872 | €3,582 | +€2,710 | +311% |
| Gross operating margin | 9900 | €86,107 | €74,701 | -€11,406 | -13.2% |
| Operating profit (loss) | 9901 | €18,944 | €22,891 | +€3,947 | +20.8% |
| Financial income | 75/76B | €41 | €690 | +€649 | +1,569% |
| Recurring financial income | 75 | €41 | €690 | +€649 | +1,569% |
| Financial charges | 65/66B | €3,549 | €3,750 | +€201 | +5.7% |
| Recurring financial charges | 65 | €3,549 | €3,750 | +€201 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | €15,437 | €19,831 | +€4,394 | +28.5% |
| Income taxes | 67/77 | €3,284 | €2,464 | -€820 | -25.0% |
| Profit (loss) for the period | 9904 | €12,153 | €17,367 | +€5,215 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,153 | €17,367 | +€5,215 | +42.9% |
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 14 October 2026 via checked.be.