CONSTRUCT HOET: what changed
What changed
CONSTRUCT HOET
NACE 25.530, Machining of metals
filed annual accounts (NBB)
Net result for the year
€677,822
2024 · €1.0m-€340,849
Equity
€3.7m
2024 · €3.2m+€483,212
Cash
€819,871
2024 · €1.0m-€224,055
Balance sheet total
€4.2m
2024 · €4.9m-€713,237
Largest movements
Assets
- Current investments -€253,142
down €253,142 (-100%), from €253,142 to €0
- Cash -€224,055
down €224,055 (-21.5%), from €1.0m to €819,871
mainly Other debts (-€1.2m) and Investment in fixed assets (net) (-€460,789)
- Receivables within one year -€164,380
down €164,380 (-15.8%), from €1.0m to €876,606
of which Trade receivables: -€92,353
- Stocks and contracts -€89,623
down €89,623 (-31.6%), from €283,853 to €194,230
- Tangible fixed assets +€68,383
up €68,383 (+3.3%), from €2.1m to €2.1m
of which Plant, machinery and equipment: +€151,666
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-86.4%), from €1.4m to €194,610
- Reserves +€483,212
up €483,212 (+15.9%), from €3.0m to €3.5m
of which Distributable reserves: +€484,861
- Trade debts +€64,986
up €64,986 (+28.4%), from €228,639 to €293,625
Income statement
- Gross operating margin -€276,572
down €276,572 (-15.8%), from €1.7m to €1.5m
- Depreciation +€209,353
up €209,353 (+114%), from €183,053 to €392,405
- Staff costs -€104,498
down €104,498 (-28.7%), from €364,395 to €259,896
- Taxes -€67,567
down €67,567 (-31.5%), from €214,233 to €146,666
Change in the result, 2024 to 2025
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 2024
€1.0m
Gross operating margin
-€276,572
Staff costs
+€104,498
Depreciation
-€209,353
Write-downs
-€1,783
Other operating charges
-€3,783
Financial income
-€13,713
Financial charges
-€7,711
Taxes
+€67,567
Result 2025
€677,822
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€178,201
Investment
-€207,646
Financing
-€194,610
Cash 2024
€1.0m
From operations (derived)
+€178,201
Net result for the year
+€677,822
Depreciation
+€392,405
Receivables after one year
+€50,420
Stocks and contracts
+€89,623
Receivables within one year
+€164,380
Smaller working-capital items
-€2,730
Trade debts
+€64,986
Tax, wage and social debts
-€18,073
Other debts
-€1.2m
Investment (derived)
-€207,646
Investment in fixed assets (net)
-€460,789
Current investments
+€253,142
Financing
-€194,610
Contributions, distributions and other
-€194,610
Cash 2025
€819,871
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,899,917 | €4,186,679 | -€713,237 | -14.6% |
| Fixed assets | 21/28 | €2,076,329 | €2,144,712 | +€68,383 | +3.3% |
| Tangible fixed assets | 22/27 | €2,076,329 | €2,144,712 | +€68,383 | +3.3% |
| Land and buildings | 22 | €753,373 | €678,927 | -€74,445 | -9.9% |
| Plant, machinery and equipment | 23 | €1,235,399 | €1,387,065 | +€151,666 | +12.3% |
| Furniture and vehicles | 24 | €87,557 | €78,720 | -€8,837 | -10.1% |
| Current assets | 29/58 | €2,823,587 | €2,041,967 | -€781,621 | -27.7% |
| Amounts receivable after more than one year | 29 | €201,680 | €151,260 | -€50,420 | -25.0% |
| Other amounts receivable | 291 | €201,680 | €151,260 | -€50,420 | -25.0% |
| Stocks and contracts in progress | 3 | €283,853 | €194,230 | -€89,623 | -31.6% |
| Stocks | 30/36 | €283,853 | €194,230 | -€89,623 | -31.6% |
| Amounts receivable within one year | 40/41 | €1,040,986 | €876,606 | -€164,380 | -15.8% |
| Trade receivables | 40 | €916,510 | €824,156 | -€92,353 | -10.1% |
| Other amounts receivable | 41 | €124,476 | €52,450 | -€72,027 | -57.9% |
| Current investments | 50/53 | €253,142 | €0 | -€253,142 | -100% |
| Cash at bank and in hand | 54/58 | €1,043,926 | €819,871 | -€224,055 | -21.5% |
| Total equity and liabilities | 10/49 | €4,899,917 | €4,186,679 | -€713,237 | -14.6% |
| Equity | 10/15 | €3,186,286 | €3,669,499 | +€483,212 | +15.2% |
| Contributions | 10/11 | €151,500 | €151,500 | = | 0.0% |
| Reserves | 13 | €3,034,786 | €3,517,999 | +€483,212 | +15.9% |
| Tax-exempt reserves | 132 | €68,727 | €67,078 | -€1,649 | -2.4% |
| Distributable reserves | 133 | €2,966,060 | €3,450,921 | +€484,861 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,159 | €3,609 | -€550 | -13.2% |
| Deferred taxes | 168 | €4,159 | €3,609 | -€550 | -13.2% |
| Amounts payable | 17/49 | €1,709,471 | €513,571 | -€1.2m | -70.0% |
| Amounts payable within one year | 42/48 | €1,703,371 | €509,651 | -€1.2m | -70.1% |
| Trade debts | 44 | €228,639 | €293,625 | +€64,986 | +28.4% |
| Suppliers | 440/4 | €228,639 | €293,625 | +€64,986 | +28.4% |
| Taxes, remuneration and social security | 45 | €39,490 | €21,416 | -€18,073 | -45.8% |
| Taxes | 450/3 | - | €5,156 | +€5,156 | |
| Remuneration and social security | 454/9 | €39,490 | €16,260 | -€23,229 | -58.8% |
| Other amounts payable | 47/48 | €1,435,243 | €194,610 | -€1.2m | -86.4% |
| Accrued charges and deferred income | 492/3 | €6,100 | €3,920 | -€2,180 | -35.7% |
| Non-recurring operating income | 76A | €7,456 | €100 | -€7,356 | -98.7% |
| Remuneration, social security and pensions | 62 | €364,395 | €259,896 | -€104,498 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,053 | €392,405 | +€209,353 | +114% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,610 | -€2,827 | +€1,783 | +38.7% |
| Other operating charges | 640/8 | €20,578 | €24,361 | +€3,783 | +18.4% |
| Gross operating margin | 9900 | €1,749,751 | €1,473,179 | -€276,572 | -15.8% |
| Operating profit (loss) | 9901 | €1,186,335 | €799,343 | -€386,992 | -32.6% |
| Financial income | 75/76B | €39,624 | €25,911 | -€13,713 | -34.6% |
| Recurring financial income | 75 | €39,624 | €25,911 | -€13,713 | -34.6% |
| Financial charges | 65/66B | -€6,395 | €1,316 | +€7,711 | |
| Recurring financial charges | 65 | -€6,395 | €1,316 | +€7,711 | |
| Profit (loss) for the period before taxes | 9903 | €1,232,354 | €823,939 | -€408,415 | -33.1% |
| Transfer from deferred taxes | 780 | €550 | €550 | = | 0.0% |
| Income taxes | 67/77 | €214,233 | €146,666 | -€67,567 | -31.5% |
| Profit (loss) for the period | 9904 | €1,018,671 | €677,822 | -€340,849 | -33.5% |
| Transfer from tax-exempt reserves | 789 | €1,649 | €1,649 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,020,320 | €679,471 | -€340,849 | -33.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.