HOK: 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.
HOK
Largest movements
- Tangible fixed assets +€11,214
up €11,214 (+161.5%), from €6,942 to €18,156
- Cash +€10,225
up €10,225 (+141.8%), from €7,211 to €17,436
mainly Tax, wage and social debts (+€12,487) and Depreciation (+€9,447)
- Financial fixed assets +€1,729
new in 2025: €1,729
- Receivables within one year -€1,144
down €1,144 (-35.0%), from €3,267 to €2,123
- Tax, wage and social debts +€12,487
up €12,487 (+1894.1%), from €659 to €13,146
of which Remuneration and social security: +€9,271
- Profit (loss) carried forward +€7,439
up €7,439 (+23.8%), from €31,318 to €38,757
- Trade debts +€2,999
up €2,999 (+82.3%), from €3,643 to €6,642
- Accrued charges and deferred income -€900
no longer reported in 2025 (was €900)
- Gross operating margin +€60,620
up €60,620 (+760.4%), from €7,972 to €68,592
- Staff costs +€45,993
up €45,993 (+2010.9%), from €2,287 to €48,280
- Depreciation +€6,675
up €6,675 (+240.7%), from €2,773 to €9,447
- Taxes +€2,472
up €2,472 (+365.6%), from €676 to €3,148
- Other operating charges -€1,863
down €1,863 (-93.3%), from €1,996 to €134
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 | €57,420 | €79,445 | +€22,025 | +38.4% |
| Fixed assets | 21/28 | €46,942 | €59,885 | +€12,943 | +27.6% |
| Intangible fixed assets | 21 | €40,000 | €40,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,942 | €18,156 | +€11,214 | +161.5% |
| Furniture and vehicles | 24 | €6,942 | €18,156 | +€11,214 | +161.5% |
| Financial fixed assets | 28 | - | €1,729 | +€1,729 | |
| Current assets | 29/58 | €10,478 | €19,559 | +€9,081 | +86.7% |
| Amounts receivable within one year | 40/41 | €3,267 | €2,123 | -€1,144 | -35.0% |
| Other amounts receivable | 41 | €3,267 | €2,123 | -€1,144 | -35.0% |
| Cash at bank and in hand | 54/58 | €7,211 | €17,436 | +€10,225 | +141.8% |
| Total equity and liabilities | 10/49 | €57,420 | €79,445 | +€22,025 | +38.4% |
| Equity | 10/15 | €52,218 | €59,657 | +€7,439 | +14.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,318 | €38,757 | +€7,439 | +23.8% |
| Amounts payable | 17/49 | €5,202 | €19,788 | +€14,586 | +280.4% |
| Amounts payable within one year | 42/48 | €4,302 | €19,788 | +€15,486 | +359.9% |
| Trade debts | 44 | €3,643 | €6,642 | +€2,999 | +82.3% |
| Suppliers | 440/4 | €3,643 | €6,642 | +€2,999 | +82.3% |
| Taxes, remuneration and social security | 45 | €659 | €13,146 | +€12,487 | +1894.1% |
| Taxes | 450/3 | €328 | €3,544 | +€3,216 | +981.8% |
| Remuneration and social security | 454/9 | €332 | €9,602 | +€9,271 | +2795.1% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | €2,287 | €48,280 | +€45,993 | +2010.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,773 | €9,447 | +€6,675 | +240.7% |
| Other operating charges | 640/8 | €1,996 | €134 | -€1,863 | -93.3% |
| Gross operating margin | 9900 | €7,972 | €68,592 | +€60,620 | +760.4% |
| Operating profit (loss) | 9901 | €916 | €10,731 | +€9,815 | +1071.6% |
| Financial charges | 65/66B | €24 | €144 | +€120 | +502.6% |
| Recurring financial charges | 65 | €24 | €144 | +€120 | +502.6% |
| Profit (loss) for the period before taxes | 9903 | €892 | €10,587 | +€9,695 | +1086.8% |
| Income taxes | 67/77 | €676 | €3,148 | +€2,472 | +365.6% |
| Profit (loss) for the period | 9904 | €216 | €7,439 | +€7,223 | +3344.8% |
| Profit (loss) for the period to be appropriated | 9905 | €216 | €7,439 | +€7,223 | +3344.8% |
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 11 October 2026 via checked.be.