H&C CONSTRUCTION: 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.
H&C CONSTRUCTION
Largest movements
- Receivables within one year +€25,736
up €25,736 (+36.0%), from €71,506 to €97,242
of which Trade receivables: +€44,010
- Tangible fixed assets -€7,079
down €7,079 (-40.9%), from €17,313 to €10,234
- Deferred charges and accrued income +€4,977
new in 2025: €4,977
- Trade debts +€22,603
up €22,603 (+61.1%), from €37,008 to €59,612
- Profit (loss) carried forward +€3,869
up €3,869 (+9.8%), from €39,489 to €43,358
- Tax, wage and social debts -€2,067
down €2,067 (-19.9%), from €10,379 to €8,311
of which Taxes: -€6,766
- Turnover -€142,744
no longer reported in 2025 (was €142,744)
- Purchases and services -€127,454
no longer reported in 2025 (was €127,454)
- Staff costs +€24,485
new in 2025: €24,485
- Gross operating margin +€21,430
up €21,430 (+123.0%), from €17,422 to €38,852
- Depreciation +€2,228
up €2,228 (+39.2%), from €5,678 to €7,905
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 | €88,835 | €113,131 | +€24,295 | +27.3% |
| Fixed assets | 21/28 | €17,313 | €10,234 | -€7,079 | -40.9% |
| Tangible fixed assets | 22/27 | €17,313 | €10,234 | -€7,079 | -40.9% |
| Furniture and vehicles | 24 | €17,313 | €10,234 | -€7,079 | -40.9% |
| Current assets | 29/58 | €71,523 | €102,897 | +€31,374 | +43.9% |
| Amounts receivable within one year | 40/41 | €71,506 | €97,242 | +€25,736 | +36.0% |
| Trade receivables | 40 | €23,197 | €67,207 | +€44,010 | +189.7% |
| Other amounts receivable | 41 | €48,309 | €30,035 | -€18,274 | -37.8% |
| Cash at bank and in hand | 54/58 | €17 | €677 | +€660 | +3856.8% |
| Deferred charges and accrued income | 490/1 | - | €4,977 | +€4,977 | |
| Total equity and liabilities | 10/49 | €88,835 | €113,131 | +€24,295 | +27.3% |
| Equity | 10/15 | €40,989 | €44,858 | +€3,869 | +9.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,489 | €43,358 | +€3,869 | +9.8% |
| Amounts payable | 17/49 | €47,847 | €68,273 | +€20,426 | +42.7% |
| Amounts payable within one year | 42/48 | €47,737 | €68,273 | +€20,536 | +43.0% |
| Trade debts | 44 | €37,008 | €59,612 | +€22,603 | +61.1% |
| Suppliers | 440/4 | €37,008 | €59,612 | +€22,603 | +61.1% |
| Advances received on contracts in progress | 46 | €350 | €350 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,379 | €8,311 | -€2,067 | -19.9% |
| Taxes | 450/3 | €10,379 | €3,613 | -€6,766 | -65.2% |
| Remuneration and social security | 454/9 | - | €4,698 | +€4,698 | |
| Accrued charges and deferred income | 492/3 | €110 | - | -€110 | |
| Turnover | 70 | €142,744 | - | -€142,744 | |
| Non-recurring operating income | 76A | - | €5,326 | +€5,326 | |
| Goods, raw materials, services and sundry goods | 60/61 | €127,454 | - | -€127,454 | |
| Remuneration, social security and pensions | 62 | - | €24,485 | +€24,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,678 | €7,905 | +€2,228 | +39.2% |
| Other operating charges | 640/8 | €300 | €513 | +€213 | +70.9% |
| Gross operating margin | 9900 | €17,422 | €38,852 | +€21,430 | +123.0% |
| Operating profit (loss) | 9901 | €11,444 | €5,949 | -€5,496 | -48.0% |
| Financial charges | 65/66B | €378 | €1,019 | +€641 | +169.8% |
| Recurring financial charges | 65 | €378 | €1,019 | +€641 | +169.8% |
| Profit (loss) for the period before taxes | 9903 | €11,067 | €4,930 | -€6,137 | -55.5% |
| Income taxes | 67/77 | €2,552 | €1,061 | -€1,492 | -58.4% |
| Profit (loss) for the period | 9904 | €8,514 | €3,869 | -€4,645 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,514 | €3,869 | -€4,645 | -54.6% |
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 5 October 2026 via checked.be.