H-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-CONSTRUCT
Largest movements
- Tangible fixed assets -€2,800
down €2,800 (-58.7%), from €4,774 to €1,974
of which Furniture and vehicles: -€2,800
- Receivables within one year -€2,659
down €2,659 (-66.3%), from €4,012 to €1,353
- Profit (loss) carried forward -€5,506
down €5,506, from €2,088 to -€3,418
- Other operating charges -€931
down €931 (-43.1%), from €2,159 to €1,227
- Taxes -€725
down €725 (-83.4%), from €869 to €145
- Gross operating margin -€668
down €668 (-96.3%), from -€694 to -€1,362
- Depreciation -€283
down €283 (-9.2%), from €3,083 to €2,800
- Financial income -€226
down €226 (-76.0%), from €298 to €71
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 | €8,798 | €3,327 | -€5,471 | -62.2% |
| Fixed assets | 21/28 | €4,774 | €1,974 | -€2,800 | -58.7% |
| Tangible fixed assets | 22/27 | €4,774 | €1,974 | -€2,800 | -58.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,774 | €1,974 | -€2,800 | -58.7% |
| Current assets | 29/58 | €4,024 | €1,353 | -€2,671 | -66.4% |
| Amounts receivable within one year | 40/41 | €4,012 | €1,353 | -€2,659 | -66.3% |
| Other amounts receivable | 41 | €4,012 | €1,353 | -€2,659 | -66.3% |
| Cash at bank and in hand | 54/58 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €8,798 | €3,327 | -€5,471 | -62.2% |
| Equity | 10/15 | €8,288 | €2,782 | -€5,506 | -66.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,088 | -€3,418 | -€5,506 | |
| Amounts payable | 17/49 | €510 | €545 | +€35 | +6.9% |
| Amounts payable within one year | 42/48 | €510 | €545 | +€35 | +6.9% |
| Trade debts | 44 | €350 | €380 | +€30 | +8.6% |
| Suppliers | 440/4 | €350 | €380 | +€30 | +8.6% |
| Taxes, remuneration and social security | 45 | €160 | €165 | +€5 | +3.1% |
| Taxes | 450/3 | €160 | €165 | +€5 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,083 | €2,800 | -€283 | -9.2% |
| Other operating charges | 640/8 | €2,159 | €1,227 | -€931 | -43.1% |
| Gross operating margin | 9900 | -€694 | -€1,362 | -€668 | -96.3% |
| Operating profit (loss) | 9901 | -€5,936 | -€5,389 | +€546 | +9.2% |
| Financial income | 75/76B | €298 | €71 | -€226 | -76.0% |
| Recurring financial income | 75 | €298 | €71 | -€226 | -76.0% |
| Financial charges | 65/66B | €5 | €44 | +€39 | +770% |
| Recurring financial charges | 65 | €5 | €44 | +€39 | +770% |
| Profit (loss) for the period before taxes | 9903 | -€5,643 | -€5,361 | +€281 | +5.0% |
| Income taxes | 67/77 | €869 | €145 | -€725 | -83.4% |
| Profit (loss) for the period | 9904 | -€6,512 | -€5,506 | +€1,006 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,512 | -€5,506 | +€1,006 | +15.5% |
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.