HYK: what changed
Two fiscal 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 +€245,674
up €245,674 (+77.7%), from €316,340 to €562,014
mainly Trade debts (+€181,466) and Net result for the year (+€166,056)
- Tangible fixed assets +€102,138
up €102,138 (+17.0%), from €600,040 to €702,178
of which Land and buildings: +€119,225
- Receivables within one year -€68,156
down €68,156 (-17.2%), from €395,232 to €327,077
of which Trade receivables: -€94,246
- Trade debts +€181,466
up €181,466 (+241.2%), from €75,238 to €256,703
- Other debts +€82,097
up €82,097 (+48.2%), from €170,153 to €252,249
- Profit (loss) carried forward +€66,056
up €66,056 (+22.4%), from €294,800 to €360,857
- Tax, wage and social debts -€33,475
down €33,475 (-12.9%), from €260,475 to €227,000
of which Taxes: -€80,739
- Current portion of long-term debt -€28,500
down €28,500 (-22.7%), from €125,801 to €97,301
- Staff costs +€576,320
up €576,320 (+45.5%), from €1.3m to €1.8m
- Gross operating margin +€489,260
up €489,260 (+29.0%), from €1.7m to €2.2m
- Taxes -€98,254
down €98,254 (-94.9%), from €103,521 to €5,267
- Financial charges +€34,189
up €34,189 (+106.0%), from €32,258 to €66,447
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.
Cash bridge derived
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 | €1,331,433 | €1,612,127 | +€280,695 | +21.1% |
| Fixed assets | 21/28 | €615,849 | €717,988 | +€102,138 | +16.6% |
| Tangible fixed assets | 22/27 | €600,040 | €702,178 | +€102,138 | +17.0% |
| Land and buildings | 22 | €479,831 | €599,056 | +€119,225 | +24.8% |
| Plant, machinery and equipment | 23 | €1,493 | €6,951 | +€5,457 | +365.5% |
| Furniture and vehicles | 24 | €76,636 | €49,542 | -€27,095 | -35.4% |
| Other tangible fixed assets | 26 | €42,079 | €46,629 | +€4,550 | +10.8% |
| Financial fixed assets | 28 | €15,810 | €15,810 | = | 0.0% |
| Current assets | 29/58 | €715,583 | €894,140 | +€178,556 | +25.0% |
| Amounts receivable within one year | 40/41 | €395,232 | €327,077 | -€68,156 | -17.2% |
| Trade receivables | 40 | €335,798 | €241,552 | -€94,246 | -28.1% |
| Other amounts receivable | 41 | €59,434 | €85,525 | +€26,091 | +43.9% |
| Cash at bank and in hand | 54/58 | €316,340 | €562,014 | +€245,674 | +77.7% |
| Deferred charges and accrued income | 490/1 | €4,011 | €5,049 | +€1,038 | +25.9% |
| Total equity and liabilities | 10/49 | €1,331,433 | €1,612,127 | +€280,695 | +21.1% |
| Equity | 10/15 | €315,260 | €381,317 | +€66,056 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €294,800 | €360,857 | +€66,056 | +22.4% |
| Amounts payable | 17/49 | €1,016,172 | €1,230,810 | +€214,638 | +21.1% |
| Amounts payable after more than one year | 17 | €384,506 | €397,556 | +€13,050 | +3.4% |
| Financial debts | 170/4 | €384,506 | €397,556 | +€13,050 | +3.4% |
| Amounts payable within one year | 42/48 | €631,666 | €833,254 | +€201,588 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €125,801 | €97,301 | -€28,500 | -22.7% |
| Trade debts | 44 | €75,238 | €256,703 | +€181,466 | +241.2% |
| Suppliers | 440/4 | €75,238 | €256,703 | +€181,466 | +241.2% |
| Taxes, remuneration and social security | 45 | €260,475 | €227,000 | -€33,475 | -12.9% |
| Taxes | 450/3 | €186,184 | €105,444 | -€80,739 | -43.4% |
| Remuneration and social security | 454/9 | €74,291 | €121,556 | +€47,265 | +63.6% |
| Other amounts payable | 47/48 | €170,153 | €252,249 | +€82,097 | +48.2% |
| Non-recurring operating income | 76A | €7,500 | €2,892 | -€4,608 | -61.4% |
| Remuneration, social security and pensions | 62 | €1,266,607 | €1,842,928 | +€576,320 | +45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,326 | €81,960 | +€10,635 | +14.9% |
| Other operating charges | 640/8 | €10,751 | €11,934 | +€1,183 | +11.0% |
| Non-recurring operating charges | 66A | - | €1,401 | +€1,401 | |
| Gross operating margin | 9900 | €1,686,433 | €2,175,693 | +€489,260 | +29.0% |
| Operating profit (loss) | 9901 | €337,749 | €237,471 | -€100,279 | -29.7% |
| Financial income | 75/76B | €1 | €300 | +€299 | +29013.6% |
| Recurring financial income | 75 | €1 | €300 | +€299 | +29013.6% |
| Financial charges | 65/66B | €32,258 | €66,447 | +€34,189 | +106.0% |
| Recurring financial charges | 65 | €32,258 | €66,447 | +€34,189 | +106.0% |
| Profit (loss) for the period before taxes | 9903 | €305,492 | €171,323 | -€134,169 | -43.9% |
| Income taxes | 67/77 | €103,521 | €5,267 | -€98,254 | -94.9% |
| Profit (loss) for the period | 9904 | €201,971 | €166,056 | -€35,915 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €201,971 | €166,056 | -€35,915 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.