HOK - CHEANG: 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 - CHEANG
Largest movements
- Tangible fixed assets -€18,167
down €18,167 (-36.9%), from €49,235 to €31,068
- Cash +€13,061
up €13,061 (+308%), from €4,247 to €17,309
mainly Investment in fixed assets (net) (+€10,400) and Depreciation (+€7,767)
- Receivables within one year -€6,830
down €6,830 (-93.9%), from €7,273 to €443
- Other debts -€12,683
down €12,683 (-27.9%), from €45,487 to €32,804
- Other operating charges -€6,335
down €6,335 (-71.3%), from €8,890 to €2,556
- Staff costs +€2,694
up €2,694 (+19.3%), from €13,933 to €16,627
- Depreciation +€1,547
up €1,547 (+24.9%), from €6,220 to €7,767
- Gross operating margin -€641
down €641 (-2.3%), from €27,775 to €27,134
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.
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 | €110,755 | €98,820 | -€11,935 | -10.8% |
| Fixed assets | 21/28 | €99,235 | €81,068 | -€18,167 | -18.3% |
| Intangible fixed assets | 21 | €50,000 | €50,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €49,235 | €31,068 | -€18,167 | -36.9% |
| Furniture and vehicles | 24 | €49,235 | €31,068 | -€18,167 | -36.9% |
| Current assets | 29/58 | €11,520 | €17,752 | +€6,232 | +54.1% |
| Amounts receivable within one year | 40/41 | €7,273 | €443 | -€6,830 | -93.9% |
| Other amounts receivable | 41 | €7,273 | €443 | -€6,830 | -93.9% |
| Cash at bank and in hand | 54/58 | €4,247 | €17,309 | +€13,061 | +308% |
| Total equity and liabilities | 10/49 | €110,755 | €98,820 | -€11,935 | -10.8% |
| Equity | 10/15 | €65,268 | €65,441 | +€173 | +0.3% |
| Contributions | 10/11 | €40,592 | €40,592 | = | 0.0% |
| Contributions outside capital | 11 | €40,592 | - | -€40,592 | |
| Share premium | 1100/10 | €40,592 | - | -€40,592 | |
| Reserves | 13 | €4,059 | €4,059 | = | 0.0% |
| Distributable reserves | 133 | €4,059 | €4,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,616 | €20,790 | +€173 | +0.8% |
| Amounts payable | 17/49 | €45,487 | €33,379 | -€12,108 | -26.6% |
| Amounts payable within one year | 42/48 | €45,487 | €33,379 | -€12,108 | -26.6% |
| Trade debts | 44 | - | €575 | +€575 | |
| Suppliers | 440/4 | - | €575 | +€575 | |
| Other amounts payable | 47/48 | €45,487 | €32,804 | -€12,683 | -27.9% |
| Remuneration, social security and pensions | 62 | €13,933 | €16,627 | +€2,694 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,220 | €7,767 | +€1,547 | +24.9% |
| Other operating charges | 640/8 | €8,890 | €2,556 | -€6,335 | -71.3% |
| Gross operating margin | 9900 | €27,775 | €27,134 | -€641 | -2.3% |
| Operating profit (loss) | 9901 | -€1,269 | €185 | +€1,453 | |
| Financial charges | 65/66B | €12 | €12 | = | 0.0% |
| Recurring financial charges | 65 | €12 | €12 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,280 | €173 | +€1,453 | |
| Profit (loss) for the period | 9904 | -€1,280 | €173 | +€1,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,280 | €173 | +€1,453 |
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 15 October 2026 via checked.be.