HRK: 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.
HRK
Largest movements
- Cash +€58,841
up €58,841 (+124%), from €47,539 to €106,380
mainly Other debts (+€249,391) and Net result for the year (+€136,039)
- Tangible fixed assets -€56,265
down €56,265 (-2.4%), from €2.3m to €2.3m
of which Land and buildings: -€56,265
- Debts after one year -€291,825
down €291,825 (-14.1%), from €2.1m to €1.8m
- Other debts +€249,391
up €249,391 (+449%), from €55,548 to €304,939
- Profit (loss) carried forward +€136,039
up €136,039 (+99.1%), from -€137,336 to -€1,297
- Reserves -€80,426
down €80,426 (-42.1%), from €191,118 to €110,692
of which Distributable reserves: -€80,426
- Other operating charges -€222,592
down €222,592 (-92.1%), from €241,795 to €19,204
- Gross operating margin +€101,213
up €101,213 (+55.1%), from €183,830 to €285,043
- Depreciation +€19,615
up €19,615 (+53.5%), from €36,650 to €56,265
- Financial charges +€14,798
up €14,798 (+25.3%), from €58,546 to €73,343
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 | €2,388,852 | €2,403,729 | +€14,877 | +0.6% |
| Fixed assets | 21/28 | €2,335,196 | €2,278,931 | -€56,265 | -2.4% |
| Tangible fixed assets | 22/27 | €2,335,196 | €2,278,931 | -€56,265 | -2.4% |
| Land and buildings | 22 | €2,334,096 | €2,277,831 | -€56,265 | -2.4% |
| Other tangible fixed assets | 26 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €53,656 | €124,798 | +€71,142 | +133% |
| Amounts receivable within one year | 40/41 | €6,117 | €18,290 | +€12,173 | +199% |
| Trade receivables | 40 | €6,117 | €18,290 | +€12,173 | +199% |
| Cash at bank and in hand | 54/58 | €47,539 | €106,380 | +€58,841 | +124% |
| Deferred charges and accrued income | 490/1 | €0 | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €2,388,852 | €2,403,729 | +€14,877 | +0.6% |
| Equity | 10/15 | €153,781 | €209,394 | +€55,613 | +36.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €191,118 | €110,692 | -€80,426 | -42.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €181,118 | €100,692 | -€80,426 | -44.4% |
| Profit (loss) carried forward | 14 | -€137,336 | -€1,297 | +€136,039 | +99.1% |
| Amounts payable | 17/49 | €2,235,070 | €2,194,335 | -€40,735 | -1.8% |
| Amounts payable after more than one year | 17 | €2,073,169 | €1,781,343 | -€291,825 | -14.1% |
| Financial debts | 170/4 | €2,073,169 | €1,781,343 | -€291,825 | -14.1% |
| Amounts payable within one year | 42/48 | €161,791 | €412,992 | +€251,201 | +155% |
| Current portion of amounts payable after more than one year | 42 | €88,926 | €91,825 | +€2,900 | +3.3% |
| Trade debts | 44 | €3,704 | €1,367 | -€2,337 | -63.1% |
| Suppliers | 440/4 | €3,704 | €1,367 | -€2,337 | -63.1% |
| Taxes, remuneration and social security | 45 | €13,613 | €14,860 | +€1,247 | +9.2% |
| Taxes | 450/3 | €13,613 | €14,860 | +€1,247 | +9.2% |
| Other amounts payable | 47/48 | €55,548 | €304,939 | +€249,391 | +449% |
| Accrued charges and deferred income | 492/3 | €111 | €0 | -€111 | -100% |
| Non-recurring operating income | 76A | €2,283 | €0 | -€2,283 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,650 | €56,265 | +€19,615 | +53.5% |
| Other operating charges | 640/8 | €241,795 | €19,204 | -€222,592 | -92.1% |
| Gross operating margin | 9900 | €183,830 | €285,043 | +€101,213 | +55.1% |
| Operating profit (loss) | 9901 | -€94,616 | €209,574 | +€304,189 | |
| Financial income | 75/76B | - | €136 | +€136 | |
| Recurring financial income | 75 | - | €136 | +€136 | |
| Financial charges | 65/66B | €58,546 | €73,343 | +€14,798 | +25.3% |
| Recurring financial charges | 65 | €58,546 | €73,343 | +€14,798 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€153,161 | €136,367 | +€289,528 | |
| Income taxes | 67/77 | €415 | €328 | -€87 | -21.0% |
| Profit (loss) for the period | 9904 | -€153,577 | €136,039 | +€289,615 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,577 | €136,039 | +€289,615 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.