HMK GROUP: 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.
HMK GROUP
Largest movements
- Stocks and contracts +€180,000
up €180,000 (+164%), from €110,000 to €290,000
- Receivables within one year +€8,168
up €8,168 (+144%), from €5,665 to €13,833
- Cash -€5,451
down €5,451 (-87.8%), from €6,207 to €757
mainly Stocks and contracts (-€180,000) and Receivables within one year (-€8,168)
- Other debts +€145,448
up €145,448 (+256%), from €56,815 to €202,263
- Tax, wage and social debts +€20,674
up €20,674 (+160%), from €12,900 to €33,574
- Profit (loss) carried forward +€13,041
up €13,041, from -€4,204 to €8,836
- Trade debts +€3,555
up €3,555 (+6.7%), from €52,923 to €56,478
- Gross operating margin +€17,936
up €17,936, from -€2,026 to €15,911
- Financial charges +€692
up €692 (+31.7%), from €2,178 to €2,870
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,873 | €304,590 | +€182,717 | +150% |
| Current assets | 29/58 | €121,873 | €304,590 | +€182,717 | +150% |
| Stocks and contracts in progress | 3 | €110,000 | €290,000 | +€180,000 | +164% |
| Stocks | 30/36 | €110,000 | €290,000 | +€180,000 | +164% |
| Amounts receivable within one year | 40/41 | €5,665 | €13,833 | +€8,168 | +144% |
| Trade receivables | 40 | €5,665 | €13,833 | +€8,168 | +144% |
| Cash at bank and in hand | 54/58 | €6,207 | €757 | -€5,451 | -87.8% |
| Total equity and liabilities | 10/49 | €121,873 | €304,590 | +€182,717 | +150% |
| Equity | 10/15 | -€1,204 | €11,836 | +€13,041 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,204 | €8,836 | +€13,041 | |
| Amounts payable | 17/49 | €123,077 | €292,753 | +€169,677 | +138% |
| Amounts payable within one year | 42/48 | €123,077 | €292,753 | +€169,677 | +138% |
| Financial debts | 43 | €439 | €439 | = | 0.0% |
| Credit institutions | 430/8 | €439 | €439 | = | 0.0% |
| Trade debts | 44 | €52,923 | €56,478 | +€3,555 | +6.7% |
| Suppliers | 440/4 | €52,923 | €56,478 | +€3,555 | +6.7% |
| Taxes, remuneration and social security | 45 | €12,900 | €33,574 | +€20,674 | +160% |
| Taxes | 450/3 | €12,900 | €33,574 | +€20,674 | +160% |
| Other amounts payable | 47/48 | €56,815 | €202,263 | +€145,448 | +256% |
| Gross operating margin | 9900 | -€2,026 | €15,911 | +€17,936 | |
| Operating profit (loss) | 9901 | -€2,026 | €15,911 | +€17,936 | |
| Financial charges | 65/66B | €2,178 | €2,870 | +€692 | +31.7% |
| Recurring financial charges | 65 | €2,178 | €2,870 | +€692 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,204 | €13,041 | +€17,245 | |
| Profit (loss) for the period | 9904 | -€4,204 | €13,041 | +€17,245 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,204 | €13,041 | +€17,245 |
Source: filed annual accounts (NBB), financial years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.