H.K. 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.K. CONSTRUCT
Largest movements
- Tangible fixed assets -€9,658
down €9,658 (-22.8%), from €42,314 to €32,656
of which Leasing and similar rights: -€9,029
- Receivables within one year -€5,932
down €5,932 (-34.8%), from €17,048 to €11,116
of which Other amounts receivable: -€5,199
- Debts after one year -€16,011
down €16,011 (-41.2%), from €38,882 to €22,872
- Profit (loss) carried forward +€9,333
up €9,333 (+56.4%), from -€16,539 to -€7,205
- Reserves -€7,646
no longer reported in 2025 (was €7,646)
- Trade debts -€3,296
down €3,296 (-55.4%), from €5,944 to €2,648
- Short-term financial debts +€1,800
up €1,800 (+114.2%), from €1,576 to €3,375
- Gross operating margin +€17,108
up €17,108 (+246.3%), from €6,947 to €24,056
- Depreciation -€416
down €416 (-2.3%), from €17,964 to €17,548
- Other operating charges -€386
down €386 (-17.2%), from €2,238 to €1,852
- Financial charges -€297
down €297 (-9.5%), from €3,133 to €2,835
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,171 | €44,481 | -€15,690 | -26.1% |
| Fixed assets | 21/28 | €43,123 | €33,365 | -€9,758 | -22.6% |
| Intangible fixed assets | 21 | €808 | €708 | -€100 | -12.4% |
| Tangible fixed assets | 22/27 | €42,314 | €32,656 | -€9,658 | -22.8% |
| Plant, machinery and equipment | 23 | €2,726 | €8,264 | +€5,538 | +203.2% |
| Furniture and vehicles | 24 | €7,010 | €842 | -€6,167 | -88.0% |
| Leasing and similar rights | 25 | €32,579 | €23,550 | -€9,029 | -27.7% |
| Current assets | 29/58 | €17,048 | €11,116 | -€5,932 | -34.8% |
| Amounts receivable within one year | 40/41 | €17,048 | €11,116 | -€5,932 | -34.8% |
| Trade receivables | 40 | €11,045 | €10,312 | -€733 | -6.6% |
| Other amounts receivable | 41 | €6,003 | €804 | -€5,199 | -86.6% |
| Total equity and liabilities | 10/49 | €60,171 | €44,481 | -€15,690 | -26.1% |
| Equity | 10/15 | -€5,893 | -€4,205 | +€1,688 | +28.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,646 | - | -€7,646 | |
| Distributable reserves | 133 | €7,646 | - | -€7,646 | |
| Profit (loss) carried forward | 14 | -€16,539 | -€7,205 | +€9,333 | +56.4% |
| Amounts payable | 17/49 | €66,064 | €48,686 | -€17,378 | -26.3% |
| Amounts payable after more than one year | 17 | €38,882 | €22,872 | -€16,011 | -41.2% |
| Financial debts | 170/4 | €38,882 | €22,872 | -€16,011 | -41.2% |
| Amounts payable within one year | 42/48 | €27,182 | €25,815 | -€1,367 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €16,412 | €17,214 | +€803 | +4.9% |
| Financial debts | 43 | €1,576 | €3,375 | +€1,800 | +114.2% |
| Credit institutions | 430/8 | €1,576 | €3,375 | +€1,800 | +114.2% |
| Trade debts | 44 | €5,944 | €2,648 | -€3,296 | -55.4% |
| Suppliers | 440/4 | €5,944 | €2,648 | -€3,296 | -55.4% |
| Taxes, remuneration and social security | 45 | €3,250 | €2,384 | -€866 | -26.6% |
| Taxes | 450/3 | €2,150 | €284 | -€1,866 | -86.8% |
| Remuneration and social security | 454/9 | €1,100 | €2,100 | +€1,000 | +90.9% |
| Other amounts payable | 47/48 | - | €192 | +€192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,964 | €17,548 | -€416 | -2.3% |
| Other operating charges | 640/8 | €2,238 | €1,852 | -€386 | -17.2% |
| Gross operating margin | 9900 | €6,947 | €24,056 | +€17,108 | +246.3% |
| Operating profit (loss) | 9901 | -€13,255 | €4,655 | +€17,910 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -88.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -88.8% |
| Financial charges | 65/66B | €3,133 | €2,835 | -€297 | -9.5% |
| Recurring financial charges | 65 | €3,133 | €2,835 | -€297 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,387 | €1,820 | +€18,207 | |
| Income taxes | 67/77 | €152 | €132 | -€20 | -13.2% |
| Profit (loss) for the period | 9904 | -€16,539 | €1,688 | +€18,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,539 | €1,688 | +€18,227 |
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 28 September 2026 via checked.be.