H.C.Z. 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.
H.C.Z. CONSTRUCT
Largest movements
- Receivables within one year +€1.5m
up €1.5m (+148%), from €1.0m to €2.5m
of which Trade receivables: +€1.5m
- Cash -€34,844
down €34,844 (-51.4%), from €67,733 to €32,890
mainly Receivables within one year (-€1.5m) and Investment in fixed assets (net) (-€42,644)
- Trade debts +€1.4m
up €1.4m (+221%), from €637,956 to €2.0m
of which Bills of exchange payable: +€1.1m
- Profit (loss) carried forward +€88,090
up €88,090 (+22.6%), from €389,001 to €477,091
- Purchases and services +€767,237
up €767,237 (+23.3%), from €3.3m to €4.1m
- Turnover +€648,704
up €648,704 (+18.0%), from €3.6m to €4.3m
- Gross operating margin -€118,533
down €118,533 (-37.0%), from €319,960 to €201,428
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 | €1,106,673 | €2,599,253 | +€1.5m | +135% |
| Fixed assets | 21/28 | €19,522 | €37,923 | +€18,401 | +94.3% |
| Tangible fixed assets | 22/27 | €19,522 | €37,923 | +€18,401 | +94.3% |
| Furniture and vehicles | 24 | €19,522 | €37,923 | +€18,401 | +94.3% |
| Current assets | 29/58 | €1,087,151 | €2,561,331 | +€1.5m | +136% |
| Amounts receivable within one year | 40/41 | €1,019,418 | €2,528,441 | +€1.5m | +148% |
| Trade receivables | 40 | €996,752 | €2,504,596 | +€1.5m | +151% |
| Other amounts receivable | 41 | €22,665 | €23,845 | +€1,180 | +5.2% |
| Cash at bank and in hand | 54/58 | €67,733 | €32,890 | -€34,844 | -51.4% |
| Total equity and liabilities | 10/49 | €1,106,673 | €2,599,253 | +€1.5m | +135% |
| Equity | 10/15 | €397,362 | €485,452 | +€88,090 | +22.2% |
| Contributions | 10/11 | €6,501 | €6,501 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €389,001 | €477,091 | +€88,090 | +22.6% |
| Amounts payable | 17/49 | €709,311 | €2,113,801 | +€1.4m | +198% |
| Amounts payable within one year | 42/48 | €709,311 | €2,113,801 | +€1.4m | +198% |
| Trade debts | 44 | €637,956 | €2,046,304 | +€1.4m | +221% |
| Suppliers | 440/4 | €188,526 | €500,874 | +€312,348 | +166% |
| Bills of exchange payable | 441 | €449,430 | €1,545,430 | +€1.1m | +244% |
| Taxes, remuneration and social security | 45 | €71,355 | €67,498 | -€3,857 | -5.4% |
| Taxes | 450/3 | €61,071 | €32,998 | -€28,073 | -46.0% |
| Remuneration and social security | 454/9 | €10,283 | €34,499 | +€24,216 | +235% |
| Turnover | 70 | €3,611,831 | €4,260,536 | +€648,704 | +18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,291,871 | €4,059,108 | +€767,237 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,127 | €24,244 | +€13,116 | +118% |
| Other operating charges | 640/8 | €13,806 | €7 | -€13,799 | -99.9% |
| Gross operating margin | 9900 | €319,960 | €201,428 | -€118,533 | -37.0% |
| Operating profit (loss) | 9901 | €295,027 | €177,177 | -€117,850 | -39.9% |
| Financial income | 75/76B | €24,096 | €26,044 | +€1,948 | +8.1% |
| Recurring financial income | 75 | €24,096 | €26,044 | +€1,948 | +8.1% |
| Financial charges | 65/66B | €92,379 | €82,133 | -€10,246 | -11.1% |
| Recurring financial charges | 65 | €92,379 | €82,133 | -€10,246 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €226,744 | €121,088 | -€105,656 | -46.6% |
| Income taxes | 67/77 | €61,095 | €32,998 | -€28,096 | -46.0% |
| Profit (loss) for the period | 9904 | €165,649 | €88,090 | -€77,560 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €165,649 | €88,090 | -€77,560 | -46.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.