FREDERIC HANCIAUX CONSTRUCT: 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.
FREDERIC HANCIAUX CONSTRUCT
Largest movements
- Stocks and contracts +€77,241
up €77,241 (+31.6%), from €244,527 to €321,768
- Receivables within one year +€40,567
up €40,567 (+368%), from €11,024 to €51,591
of which Trade receivables: +€40,882
- Cash -€18,535
down €18,535 (-27.4%), from €67,657 to €49,122
mainly Stocks and contracts (-€77,241) and Net result for the year (-€61,649)
- Deferred charges and accrued income -€4,772
down €4,772 (-20.9%), from €22,862 to €18,090
- Profit (loss) carried forward -€61,649
down €61,649 (-80.8%), from €76,338 to €14,689
- Debts after one year +€59,579
up €59,579 (+59.4%), from €100,328 to €159,908
- Other debts +€51,474
up €51,474 (+48.0%), from €107,324 to €158,797
- Trade debts +€24,650
up €24,650 (+191%), from €12,932 to €37,583
- Tax, wage and social debts +€19,227
up €19,227 (+290%), from €6,629 to €25,856
of which Remuneration and social security: +€13,157
- Gross operating margin -€63,255
down €63,255 (-68.6%), from €92,274 to €29,020
- Staff costs -€10,210
down €10,210 (-12.1%), from €84,343 to €74,133
- Financial charges +€8,939
up €8,939 (+650%), from €1,375 to €10,314
- Other operating charges +€3,567
up €3,567 (+243%), from €1,469 to €5,035
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 | €350,952 | €444,233 | +€93,281 | +26.6% |
| Fixed assets | 21/28 | €4,882 | €3,662 | -€1,220 | -25.0% |
| Tangible fixed assets | 22/27 | €4,321 | €3,101 | -€1,220 | -28.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,989 | €1,980 | -€1,009 | -33.7% |
| Other tangible fixed assets | 26 | €1,331 | €1,121 | -€211 | -15.8% |
| Financial fixed assets | 28 | €561 | €561 | = | 0.0% |
| Current assets | 29/58 | €346,070 | €440,571 | +€94,501 | +27.3% |
| Stocks and contracts in progress | 3 | €244,527 | €321,768 | +€77,241 | +31.6% |
| Stocks | 30/36 | €244,527 | €321,768 | +€77,241 | +31.6% |
| Amounts receivable within one year | 40/41 | €11,024 | €51,591 | +€40,567 | +368% |
| Trade receivables | 40 | €0 | €40,882 | +€40,882 | |
| Other amounts receivable | 41 | €11,024 | €10,709 | -€315 | -2.9% |
| Cash at bank and in hand | 54/58 | €67,657 | €49,122 | -€18,535 | -27.4% |
| Deferred charges and accrued income | 490/1 | €22,862 | €18,090 | -€4,772 | -20.9% |
| Total equity and liabilities | 10/49 | €350,952 | €444,233 | +€93,281 | +26.6% |
| Equity | 10/15 | €123,738 | €62,089 | -€61,649 | -49.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,338 | €14,689 | -€61,649 | -80.8% |
| Amounts payable | 17/49 | €227,214 | €382,144 | +€154,930 | +68.2% |
| Amounts payable after more than one year | 17 | €100,328 | €159,908 | +€59,579 | +59.4% |
| Financial debts | 170/4 | €100,328 | €159,908 | +€59,579 | +59.4% |
| Amounts payable within one year | 42/48 | €126,886 | €222,236 | +€95,350 | +75.1% |
| Trade debts | 44 | €12,932 | €37,583 | +€24,650 | +191% |
| Suppliers | 440/4 | €12,932 | €37,583 | +€24,650 | +191% |
| Taxes, remuneration and social security | 45 | €6,629 | €25,856 | +€19,227 | +290% |
| Taxes | 450/3 | €2,910 | €8,980 | +€6,069 | +209% |
| Remuneration and social security | 454/9 | €3,719 | €16,876 | +€13,157 | +354% |
| Other amounts payable | 47/48 | €107,324 | €158,797 | +€51,474 | +48.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Remuneration, social security and pensions | 62 | €84,343 | €74,133 | -€10,210 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €1,220 | +€656 | +116% |
| Other operating charges | 640/8 | €1,469 | €5,035 | +€3,567 | +243% |
| Gross operating margin | 9900 | €92,274 | €29,020 | -€63,255 | -68.6% |
| Operating profit (loss) | 9901 | €5,899 | -€51,368 | -€57,267 | |
| Financial income | 75/76B | - | €180 | +€180 | |
| Recurring financial income | 75 | - | €180 | +€180 | |
| Financial charges | 65/66B | €1,375 | €10,314 | +€8,939 | +650% |
| Recurring financial charges | 65 | €1,375 | €10,314 | +€8,939 | +650% |
| Profit (loss) for the period before taxes | 9903 | €4,524 | -€61,503 | -€66,027 | |
| Income taxes | 67/77 | €977 | €146 | -€831 | -85.1% |
| Profit (loss) for the period | 9904 | €3,547 | -€61,649 | -€65,196 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,547 | -€61,649 | -€65,196 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.