HOKON.: what changed
What changed
HOKON.
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
€5,537
2023 · €41,705-€36,168
Equity
€520,878
2023 · €515,341+€5,537
Cash
€67,458
2023 · €101,243-€33,785
Balance sheet total
€622,719
2023 · €693,512-€70,793
Largest movements
Assets
- Cash -€33,785
down €33,785 (-33.4%), from €101,243 to €67,458
mainly Trade debts (-€24,033) and Tax, wage and social debts (-€15,343)
- Tangible fixed assets -€23,320
down €23,320 (-75.0%), from €31,093 to €7,774
of which Other tangible fixed assets: -€12,750
Equity and liabilities
- Trade debts -€24,033
down €24,033 (-50.7%), from €47,396 to €23,363
- Tax, wage and social debts -€15,343
down €15,343 (-34.5%), from €44,459 to €29,117
of which Taxes: -€13,172
- Advances received -€15,000
no longer reported in 2024 (was €15,000)
- Debts after one year -€10,006
down €10,006 (-21.6%), from €46,255 to €36,250
- Other debts -€8,312
down €8,312 (-73.0%), from €11,385 to €3,073
Income statement
- Gross operating margin -€118,525
down €118,525 (-79.6%), from €148,884 to €30,359
- Staff costs -€46,264
down €46,264 (-79.6%), from €58,147 to €11,883
- Taxes -€19,634
down €19,634 (-86.8%), from €22,611 to €2,977
- Depreciation -€9,914
down €9,914 (-74.5%), from €13,311 to €3,398
- Financial charges -€6,618
down €6,618 (-52.3%), from €12,662 to €6,044
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€41,705
Gross operating margin
-€118,525
Staff costs
+€46,264
Depreciation
+€9,914
Other operating charges
+€1,604
Other operating items
-€12
Financial income
-€1,664
Financial charges
+€6,618
Taxes
+€19,634
Result 2024
€5,537
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€44,161
Investment
+€19,922
Financing
-€9,545
Cash 2023
€101,243
From operations (derived)
-€44,161
Net result for the year
+€5,537
Depreciation
+€3,398
Receivables after one year
+€4,746
Stocks and contracts
+€1,778
Receivables within one year
+€6,392
Deferred charges and accrued income
+€774
Trade debts
-€24,033
Tax, wage and social debts
-€15,343
Advances received
-€15,000
Other debts
-€8,312
Accrued charges and deferred income
-€4,097
Investment (derived)
+€19,922
Investment in fixed assets (net)
+€19,922
Financing
-€9,545
Debts after one year
-€10,006
Current portion of long-term debt
+€429
Short-term financial debts
+€32
Cash 2024
€67,458
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,512 | €622,719 | -€70,793 | -10.2% |
| Fixed assets | 21/28 | €31,093 | €7,774 | -€23,320 | -75.0% |
| Tangible fixed assets | 22/27 | €31,093 | €7,774 | -€23,320 | -75.0% |
| Plant, machinery and equipment | 23 | €7,645 | €292 | -€7,352 | -96.2% |
| Furniture and vehicles | 24 | €12 | - | -€12 | |
| Leasing and similar rights | 25 | €10,687 | €7,481 | -€3,205 | -30.0% |
| Other tangible fixed assets | 26 | €12,750 | - | -€12,750 | |
| Current assets | 29/58 | €662,419 | €614,945 | -€47,474 | -7.2% |
| Amounts receivable after more than one year | 29 | €106,015 | €101,268 | -€4,746 | -4.5% |
| Other amounts receivable | 291 | €106,015 | €101,268 | -€4,746 | -4.5% |
| Stocks and contracts in progress | 3 | €180,952 | €179,174 | -€1,778 | -1.0% |
| Stocks | 30/36 | €180,952 | €179,174 | -€1,778 | -1.0% |
| Amounts receivable within one year | 40/41 | €273,436 | €267,045 | -€6,392 | -2.3% |
| Trade receivables | 40 | €272,844 | €267,045 | -€5,799 | -2.1% |
| Other amounts receivable | 41 | €592 | - | -€592 | |
| Cash at bank and in hand | 54/58 | €101,243 | €67,458 | -€33,785 | -33.4% |
| Deferred charges and accrued income | 490/1 | €774 | - | -€774 | |
| Total equity and liabilities | 10/49 | €693,512 | €622,719 | -€70,793 | -10.2% |
| Equity | 10/15 | €515,341 | €520,878 | +€5,537 | +1.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €236,232 | €241,770 | +€5,537 | +2.3% |
| Distributable reserves | 133 | €236,232 | €241,770 | +€5,537 | +2.3% |
| Profit (loss) carried forward | 14 | €229,109 | €229,109 | = | 0.0% |
| Amounts payable | 17/49 | €178,171 | €101,840 | -€76,331 | -42.8% |
| Amounts payable after more than one year | 17 | €46,255 | €36,250 | -€10,006 | -21.6% |
| Financial debts | 170/4 | €46,255 | €36,250 | -€10,006 | -21.6% |
| Amounts payable within one year | 42/48 | €127,818 | €65,591 | -€62,227 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €9,577 | €10,006 | +€429 | +4.5% |
| Financial debts | 43 | €1 | €32 | +€32 | +4,815% |
| Credit institutions | 430/8 | €1 | €32 | +€32 | +4,815% |
| Trade debts | 44 | €47,396 | €23,363 | -€24,033 | -50.7% |
| Suppliers | 440/4 | €47,396 | €23,363 | -€24,033 | -50.7% |
| Advances received on contracts in progress | 46 | €15,000 | - | -€15,000 | |
| Taxes, remuneration and social security | 45 | €44,459 | €29,117 | -€15,343 | -34.5% |
| Taxes | 450/3 | €42,289 | €29,117 | -€13,172 | -31.1% |
| Remuneration and social security | 454/9 | €2,170 | - | -€2,170 | |
| Other amounts payable | 47/48 | €11,385 | €3,073 | -€8,312 | -73.0% |
| Accrued charges and deferred income | 492/3 | €4,097 | - | -€4,097 | |
| Remuneration, social security and pensions | 62 | €58,147 | €11,883 | -€46,264 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,311 | €3,398 | -€9,914 | -74.5% |
| Other operating charges | 640/8 | €3,329 | €1,725 | -€1,604 | -48.2% |
| Non-recurring operating charges | 66A | - | €12 | +€12 | |
| Gross operating margin | 9900 | €148,884 | €30,359 | -€118,525 | -79.6% |
| Operating profit (loss) | 9901 | €74,096 | €13,340 | -€60,756 | -82.0% |
| Financial income | 75/76B | €2,882 | €1,218 | -€1,664 | -57.7% |
| Recurring financial income | 75 | €2,882 | €1,218 | -€1,664 | -57.7% |
| Financial charges | 65/66B | €12,662 | €6,044 | -€6,618 | -52.3% |
| Recurring financial charges | 65 | €12,662 | €6,044 | -€6,618 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €64,316 | €8,515 | -€55,802 | -86.8% |
| Income taxes | 67/77 | €22,611 | €2,977 | -€19,634 | -86.8% |
| Profit (loss) for the period | 9904 | €41,705 | €5,537 | -€36,168 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,705 | €5,537 | -€36,168 | -86.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.