HYK: 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.
HYK
Largest movements
- Cash -€143,721
down €143,721 (-77.3%), from €186,014 to €42,294
mainly Net result for the year (-€94,320) and Receivables after one year (-€77,362)
- Receivables after one year +€77,362
new in 2024: €77,362
- Tangible fixed assets -€8,593
down €8,593 (-22.9%), from €37,451 to €28,858
of which Furniture and vehicles: -€4,499
- Profit (loss) carried forward -€94,320
down €94,320, from €79,534 to -€14,786
- Trade debts +€37,463
up €37,463 (+29.8%), from €125,685 to €163,148
- Tax, wage and social debts -€14,165
down €14,165 (-6.1%), from €234,055 to €219,890
of which Remuneration and social security: -€32,578
- Gross operating margin -€126,767
down €126,767 (-44.2%), from €286,788 to €160,021
- Write-downs +€107,633
new in 2024: €107,633
- Staff costs -€65,230
down €65,230 (-35.7%), from €182,560 to €117,330
- Financial charges -€9,555
down €9,555 (-57.1%), from €16,744 to €7,189
- Other operating charges -€4,057
down €4,057 (-24.0%), from €16,929 to €12,871
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,964 | €441,952 | -€71,013 | -13.8% |
| Fixed assets | 21/28 | €89,551 | €80,958 | -€8,593 | -9.6% |
| Tangible fixed assets | 22/27 | €37,451 | €28,858 | -€8,593 | -22.9% |
| Plant, machinery and equipment | 23 | €7,086 | €5,119 | -€1,967 | -27.8% |
| Furniture and vehicles | 24 | €23,868 | €19,369 | -€4,499 | -18.8% |
| Other tangible fixed assets | 26 | €6,498 | €4,370 | -€2,127 | -32.7% |
| Financial fixed assets | 28 | €52,100 | €52,100 | = | 0.0% |
| Current assets | 29/58 | €423,413 | €360,993 | -€62,419 | -14.7% |
| Amounts receivable after more than one year | 29 | - | €77,362 | +€77,362 | |
| Other amounts receivable | 291 | - | €77,362 | +€77,362 | |
| Stocks and contracts in progress | 3 | €6,050 | €9,550 | +€3,500 | +57.9% |
| Stocks | 30/36 | €6,050 | €9,550 | +€3,500 | +57.9% |
| Amounts receivable within one year | 40/41 | €231,348 | €231,788 | +€440 | +0.2% |
| Trade receivables | 40 | €16,818 | €16,701 | -€117 | -0.7% |
| Other amounts receivable | 41 | €214,530 | €215,087 | +€557 | +0.3% |
| Cash at bank and in hand | 54/58 | €186,014 | €42,294 | -€143,721 | -77.3% |
| Total equity and liabilities | 10/49 | €512,964 | €441,952 | -€71,013 | -13.8% |
| Equity | 10/15 | €99,994 | €5,674 | -€94,320 | -94.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,534 | -€14,786 | -€94,320 | |
| Amounts payable | 17/49 | €412,970 | €436,278 | +€23,308 | +5.6% |
| Amounts payable after more than one year | 17 | €32,332 | €32,332 | = | 0.0% |
| Financial debts | 170/4 | €32,332 | €32,332 | = | 0.0% |
| Amounts payable within one year | 42/48 | €380,638 | €403,946 | +€23,308 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €20,238 | €19,967 | -€271 | -1.3% |
| Trade debts | 44 | €125,685 | €163,148 | +€37,463 | +29.8% |
| Suppliers | 440/4 | €125,685 | €163,148 | +€37,463 | +29.8% |
| Taxes, remuneration and social security | 45 | €234,055 | €219,890 | -€14,165 | -6.1% |
| Taxes | 450/3 | €164,062 | €182,475 | +€18,413 | +11.2% |
| Remuneration and social security | 454/9 | €69,993 | €37,415 | -€32,578 | -46.5% |
| Other amounts payable | 47/48 | €660 | €941 | +€281 | +42.5% |
| Non-recurring operating income | 76A | €77,391 | - | -€77,391 | |
| Remuneration, social security and pensions | 62 | €182,560 | €117,330 | -€65,230 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,986 | €10,268 | +€2,283 | +28.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €107,633 | +€107,633 | |
| Other operating charges | 640/8 | €16,929 | €12,871 | -€4,057 | -24.0% |
| Gross operating margin | 9900 | €286,788 | €160,021 | -€126,767 | -44.2% |
| Operating profit (loss) | 9901 | €79,314 | -€88,082 | -€167,396 | |
| Financial income | 75/76B | €1,281 | €951 | -€330 | -25.8% |
| Recurring financial income | 75 | €1,281 | €951 | -€330 | -25.8% |
| Financial charges | 65/66B | €16,744 | €7,189 | -€9,555 | -57.1% |
| Recurring financial charges | 65 | €16,744 | €7,189 | -€9,555 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €63,851 | -€94,320 | -€158,171 | |
| Income taxes | 67/77 | €3,410 | - | -€3,410 | |
| Profit (loss) for the period | 9904 | €60,441 | -€94,320 | -€154,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,441 | -€94,320 | -€154,761 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.