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.
HK & Co
Largest movements
- Stocks and contracts -€5,482
down €5,482 (-31.2%), from €17,552 to €12,070
- Receivables within one year -€5,371
down €5,371 (-92.7%), from €5,796 to €425
of which Other amounts receivable: -€5,796
- Tangible fixed assets +€1,678
new in 2025: €1,678
- Cash +€851
up €851 (+8.0%), from €10,610 to €11,462
mainly Stocks and contracts (+€5,482) and Receivables within one year (+€5,371)
- Deferred charges and accrued income +€422
new in 2025: €422
- Trade debts -€11,175
down €11,175 (-92.5%), from €12,074 to €900
- Profit (loss) carried forward +€2,414
up €2,414, from -€2,308 to €106
- Tax, wage and social debts +€859
up €859 (+19.2%), from €4,476 to €5,335
of which Taxes: +€1,245
- Gross operating margin +€9,464
up €9,464, from -€3,570 to €5,895
- Depreciation -€1,382
down €1,382 (-95.7%), from €1,445 to €63
- Other operating charges +€854
up €854 (+91.4%), from €934 to €1,788
- Staff costs -€560
down €560 (-30.9%), from €1,809 to €1,249
- Taxes +€120
new in 2025: €120
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.
Cash bridge derived
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 | €33,959 | €26,058 | -€7,901 | -23.3% |
| Fixed assets | 21/28 | - | €1,678 | +€1,678 | |
| Tangible fixed assets | 22/27 | - | €1,678 | +€1,678 | |
| Plant, machinery and equipment | 23 | - | €1,678 | +€1,678 | |
| Current assets | 29/58 | €33,959 | €24,380 | -€9,579 | -28.2% |
| Stocks and contracts in progress | 3 | €17,552 | €12,070 | -€5,482 | -31.2% |
| Stocks | 30/36 | €17,552 | €12,070 | -€5,482 | -31.2% |
| Amounts receivable within one year | 40/41 | €5,796 | €425 | -€5,371 | -92.7% |
| Trade receivables | 40 | - | €425 | +€425 | |
| Other amounts receivable | 41 | €5,796 | - | -€5,796 | |
| Cash at bank and in hand | 54/58 | €10,610 | €11,462 | +€851 | +8.0% |
| Deferred charges and accrued income | 490/1 | - | €422 | +€422 | |
| Total equity and liabilities | 10/49 | €33,959 | €26,058 | -€7,901 | -23.3% |
| Equity | 10/15 | €17,256 | €19,671 | +€2,414 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €965 | €965 | = | 0.0% |
| Non-distributable reserves | 130/1 | €965 | €965 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €965 | +€965 | |
| Other | 1319 | €965 | - | -€965 | |
| Profit (loss) carried forward | 14 | -€2,308 | €106 | +€2,414 | |
| Amounts payable | 17/49 | €16,703 | €6,387 | -€10,315 | -61.8% |
| Amounts payable within one year | 42/48 | €16,703 | €6,387 | -€10,315 | -61.8% |
| Trade debts | 44 | €12,074 | €900 | -€11,175 | -92.5% |
| Suppliers | 440/4 | €12,074 | €900 | -€11,175 | -92.5% |
| Taxes, remuneration and social security | 45 | €4,476 | €5,335 | +€859 | +19.2% |
| Taxes | 450/3 | €4,090 | €5,335 | +€1,245 | +30.4% |
| Remuneration and social security | 454/9 | €385 | - | -€385 | |
| Other amounts payable | 47/48 | €153 | €153 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,809 | €1,249 | -€560 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,445 | €63 | -€1,382 | -95.7% |
| Other operating charges | 640/8 | €934 | €1,788 | +€854 | +91.4% |
| Gross operating margin | 9900 | -€3,570 | €5,895 | +€9,464 | |
| Operating profit (loss) | 9901 | -€7,758 | €2,795 | +€10,553 | |
| Financial income | 75/76B | €4 | €11 | +€6 | +150.4% |
| Recurring financial income | 75 | €4 | €11 | +€6 | +150.4% |
| Financial charges | 65/66B | €203 | €271 | +€68 | +33.3% |
| Recurring financial charges | 65 | €203 | €271 | +€68 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,957 | €2,534 | +€10,491 | |
| Income taxes | 67/77 | - | €120 | +€120 | |
| Profit (loss) for the period | 9904 | -€7,957 | €2,414 | +€10,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,957 | €2,414 | +€10,371 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.