Group H Construct: 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.
Group H Construct
Largest movements
- Receivables within one year +€70,795
up €70,795 (+74.6%), from €94,874 to €165,669
of which Trade receivables: +€79,726
- Trade debts +€45,105
up €45,105 (+36.4%), from €123,783 to €168,887
- Tax, wage and social debts +€22,468
up €22,468 (+218.7%), from €10,273 to €32,741
of which Remuneration and social security: +€20,587
- Other debts +€5,319
up €5,319 (+13.6%), from €39,189 to €44,508
- Gross operating margin -€8,475
down €8,475 (-11.3%), from €74,947 to €66,471
- Staff costs -€8,352
down €8,352 (-13.5%), from €61,868 to €53,516
- Depreciation -€5,028
down €5,028 (-94.0%), from €5,348 to €320
- Financial charges +€2,621
up €2,621 (+60.5%), from €4,332 to €6,953
- Other operating charges +€2,450
up €2,450 (+82.5%), from €2,970 to €5,420
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 | €161,681 | €234,299 | +€72,618 | +44.9% |
| Fixed assets | 21/28 | €410 | €90 | -€320 | -78.1% |
| Tangible fixed assets | 22/27 | €320 | - | -€320 | |
| Plant, machinery and equipment | 23 | €320 | - | -€320 | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €161,271 | €234,209 | +€72,938 | +45.2% |
| Amounts receivable within one year | 40/41 | €94,874 | €165,669 | +€70,795 | +74.6% |
| Trade receivables | 40 | €81,915 | €161,641 | +€79,726 | +97.3% |
| Other amounts receivable | 41 | €12,959 | €4,027 | -€8,932 | -68.9% |
| Cash at bank and in hand | 54/58 | €66,355 | €68,013 | +€1,658 | +2.5% |
| Deferred charges and accrued income | 490/1 | €42 | €527 | +€485 | +1157.7% |
| Total equity and liabilities | 10/49 | €161,681 | €234,299 | +€72,618 | +44.9% |
| Equity | 10/15 | -€11,564 | -€11,838 | -€274 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €536 | - | -€536 | |
| Non-distributable reserves | 130/1 | €536 | - | -€536 | |
| Legal reserve | 130 | €536 | - | -€536 | |
| Profit (loss) carried forward | 14 | -€30,700 | -€30,438 | +€262 | +0.9% |
| Amounts payable | 17/49 | €173,245 | €246,136 | +€72,892 | +42.1% |
| Amounts payable within one year | 42/48 | €173,245 | €246,136 | +€72,892 | +42.1% |
| Trade debts | 44 | €123,783 | €168,887 | +€45,105 | +36.4% |
| Suppliers | 440/4 | €123,783 | €168,887 | +€45,105 | +36.4% |
| Taxes, remuneration and social security | 45 | €10,273 | €32,741 | +€22,468 | +218.7% |
| Taxes | 450/3 | €1,936 | €3,817 | +€1,881 | +97.1% |
| Remuneration and social security | 454/9 | €8,337 | €28,925 | +€20,587 | +246.9% |
| Other amounts payable | 47/48 | €39,189 | €44,508 | +€5,319 | +13.6% |
| Remuneration, social security and pensions | 62 | €61,868 | €53,516 | -€8,352 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,348 | €320 | -€5,028 | -94.0% |
| Other operating charges | 640/8 | €2,970 | €5,420 | +€2,450 | +82.5% |
| Gross operating margin | 9900 | €74,947 | €66,471 | -€8,475 | -11.3% |
| Operating profit (loss) | 9901 | €4,760 | €7,215 | +€2,455 | +51.6% |
| Financial charges | 65/66B | €4,332 | €6,953 | +€2,621 | +60.5% |
| Recurring financial charges | 65 | €4,332 | €6,953 | +€2,621 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €428 | €262 | -€166 | -38.8% |
| Profit (loss) for the period | 9904 | €428 | €262 | -€166 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €428 | €262 | -€166 | -38.8% |
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 30 September 2026 via checked.be.