H&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.
H&H Construct
Largest movements
- Stocks and contracts +€341,745
up €341,745 (+81.8%), from €417,855 to €759,600
of which Stocks: +€320,303
- Receivables within one year +€246,875
up €246,875 (+43.9%), from €562,870 to €809,745
of which Trade receivables: +€195,371
- Cash -€128,607
down €128,607 (-21.1%), from €608,917 to €480,311
mainly Stocks and contracts (-€341,745) and Receivables within one year (-€246,875)
- Tangible fixed assets -€85,273
down €85,273 (-9.6%), from €891,224 to €805,951
- Current portion of long-term debt +€276,463
up €276,463 (+52.7%), from €524,957 to €801,421
- Reserves +€132,812
up €132,812 (+15.5%), from €857,543 to €990,355
of which Distributable reserves: +€132,812
- Trade debts +€125,880
up €125,880 (+48.7%), from €258,232 to €384,112
- Debts after one year -€56,134
down €56,134 (-17.2%), from €326,469 to €270,335
- Other debts -€44,640
down €44,640 (-14.4%), from €309,266 to €264,627
- Other operating charges -€64,608
down €64,608 (-53.6%), from €120,598 to €55,989
- Depreciation +€55,902
up €55,902 (+33.4%), from €167,212 to €223,114
- Gross operating margin -€39,697
down €39,697 (-2.6%), from €1.5m to €1.5m
- Financial charges +€32,805
up €32,805 (+95.8%), from €34,244 to €67,049
- Taxes -€29,141
down €29,141 (-31.5%), from €92,658 to €63,517
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 | €2,519,380 | €2,895,591 | +€376,212 | +14.9% |
| Fixed assets | 21/28 | €912,496 | €806,086 | -€106,410 | -11.7% |
| Tangible fixed assets | 22/27 | €891,224 | €805,951 | -€85,273 | -9.6% |
| Land and buildings | 22 | €80,000 | €76,000 | -€4,000 | -5.0% |
| Plant, machinery and equipment | 23 | €271,261 | €233,335 | -€37,925 | -14.0% |
| Furniture and vehicles | 24 | €190,439 | €151,448 | -€38,991 | -20.5% |
| Leasing and similar rights | 25 | €307,646 | €308,398 | +€752 | +0.2% |
| Other tangible fixed assets | 26 | €41,879 | €36,770 | -€5,109 | -12.2% |
| Financial fixed assets | 28 | €21,272 | €135 | -€21,137 | -99.4% |
| Current assets | 29/58 | €1,606,884 | €2,089,505 | +€482,621 | +30.0% |
| Stocks and contracts in progress | 3 | €417,855 | €759,600 | +€341,745 | +81.8% |
| Stocks | 30/36 | €417,855 | €738,158 | +€320,303 | +76.7% |
| Contracts in progress | 37 | €0 | €21,442 | +€21,442 | |
| Amounts receivable within one year | 40/41 | €562,870 | €809,745 | +€246,875 | +43.9% |
| Trade receivables | 40 | €238,396 | €433,768 | +€195,371 | +82.0% |
| Other amounts receivable | 41 | €324,474 | €375,977 | +€51,503 | +15.9% |
| Cash at bank and in hand | 54/58 | €608,917 | €480,311 | -€128,607 | -21.1% |
| Deferred charges and accrued income | 490/1 | €17,241 | €39,849 | +€22,608 | +131.1% |
| Total equity and liabilities | 10/49 | €2,519,380 | €2,895,591 | +€376,212 | +14.9% |
| Equity | 10/15 | €902,957 | €1,030,811 | +€127,854 | +14.2% |
| Contributions | 10/11 | €45,414 | €40,456 | -€4,958 | -10.9% |
| Reserves | 13 | €857,543 | €990,355 | +€132,812 | +15.5% |
| Tax-exempt reserves | 132 | €1,079 | €1,079 | = | 0.0% |
| Distributable reserves | 133 | €856,465 | €989,276 | +€132,812 | +15.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €33,257 | €33,257 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,257 | €33,257 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,257 | €33,257 | = | 0.0% |
| Amounts payable | 17/49 | €1,583,165 | €1,831,523 | +€248,358 | +15.7% |
| Amounts payable after more than one year | 17 | €326,469 | €270,335 | -€56,134 | -17.2% |
| Financial debts | 170/4 | €326,469 | €270,335 | -€56,134 | -17.2% |
| Amounts payable within one year | 42/48 | €1,220,825 | €1,516,285 | +€295,460 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €524,957 | €801,421 | +€276,463 | +52.7% |
| Trade debts | 44 | €258,232 | €384,112 | +€125,880 | +48.7% |
| Suppliers | 440/4 | €258,232 | €384,112 | +€125,880 | +48.7% |
| Advances received on contracts in progress | 46 | €40,000 | €0 | -€40,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €88,370 | €66,127 | -€22,243 | -25.2% |
| Taxes | 450/3 | €53,013 | €20,985 | -€32,027 | -60.4% |
| Remuneration and social security | 454/9 | €35,357 | €45,142 | +€9,784 | +27.7% |
| Other amounts payable | 47/48 | €309,266 | €264,627 | -€44,640 | -14.4% |
| Accrued charges and deferred income | 492/3 | €35,870 | €44,902 | +€9,032 | +25.2% |
| Remuneration, social security and pensions | 62 | €948,783 | €963,516 | +€14,732 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,212 | €223,114 | +€55,902 | +33.4% |
| Other operating charges | 640/8 | €120,598 | €55,989 | -€64,608 | -53.6% |
| Gross operating margin | 9900 | €1,526,138 | €1,486,441 | -€39,697 | -2.6% |
| Operating profit (loss) | 9901 | €289,545 | €243,822 | -€45,722 | -15.8% |
| Financial income | 75/76B | €27,261 | €23,030 | -€4,231 | -15.5% |
| Recurring financial income | 75 | €27,261 | €23,030 | -€4,231 | -15.5% |
| Financial charges | 65/66B | €34,244 | €67,049 | +€32,805 | +95.8% |
| Recurring financial charges | 65 | €34,244 | €67,049 | +€32,805 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €282,561 | €199,803 | -€82,758 | -29.3% |
| Income taxes | 67/77 | €92,658 | €63,517 | -€29,141 | -31.5% |
| Profit (loss) for the period | 9904 | €189,902 | €136,286 | -€53,617 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €189,902 | €136,286 | -€53,617 | -28.2% |
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 7 October 2026 via checked.be.