H & M 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 & M CONSTRUCT
Largest movements
- Tangible fixed assets -€38,451
down €38,451 (-6.5%), from €594,007 to €555,556
of which Land and buildings: -€38,451
- Cash +€29,931
up €29,931 (+8.4%), from €358,011 to €387,942
mainly Depreciation (+€38,451) and Net result for the year (+€17,204)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€13,551
up €13,551 (+22.7%), from €59,707 to €73,258
- Depreciation -€7,741
down €7,741 (-16.8%), from €46,192 to €38,451
- Taxes +€5,911
up €5,911 (+205.9%), from €2,871 to €8,782
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 | €955,049 | €945,588 | -€9,461 | -1.0% |
| Fixed assets | 21/28 | €594,007 | €555,556 | -€38,451 | -6.5% |
| Tangible fixed assets | 22/27 | €594,007 | €555,556 | -€38,451 | -6.5% |
| Land and buildings | 22 | €594,007 | €555,556 | -€38,451 | -6.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €361,042 | €390,032 | +€28,989 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,425 | €387 | -€1,038 | -72.8% |
| Trade receivables | 40 | €500 | €0 | -€500 | -100.0% |
| Other amounts receivable | 41 | €925 | €387 | -€538 | -58.2% |
| Cash at bank and in hand | 54/58 | €358,011 | €387,942 | +€29,931 | +8.4% |
| Deferred charges and accrued income | 490/1 | €1,606 | €1,702 | +€96 | +6.0% |
| Total equity and liabilities | 10/49 | €955,049 | €945,588 | -€9,461 | -1.0% |
| Equity | 10/15 | €921,723 | €918,051 | -€3,672 | -0.4% |
| Contributions | 10/11 | €743,592 | €743,592 | = | 0.0% |
| Reserves | 13 | €178,131 | €174,459 | -€3,672 | -2.1% |
| Non-distributable reserves | 130/1 | €9,359 | €0 | -€9,359 | -100.0% |
| Reserves not available under the articles | 1311 | €9,359 | €0 | -€9,359 | -100.0% |
| Distributable reserves | 133 | €168,772 | €174,459 | +€5,688 | +3.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,327 | €27,537 | -€5,790 | -17.4% |
| Amounts payable within one year | 42/48 | €31,112 | €26,777 | -€4,335 | -13.9% |
| Trade debts | 44 | €264 | €2,677 | +€2,413 | +913.5% |
| Suppliers | 440/4 | €264 | €2,677 | +€2,413 | +913.5% |
| Taxes, remuneration and social security | 45 | €4,832 | €1,044 | -€3,789 | -78.4% |
| Taxes | 450/3 | €4,832 | €1,044 | -€3,789 | -78.4% |
| Other amounts payable | 47/48 | €26,015 | €23,056 | -€2,959 | -11.4% |
| Accrued charges and deferred income | 492/3 | €2,215 | €760 | -€1,455 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,192 | €38,451 | -€7,741 | -16.8% |
| Other operating charges | 640/8 | €9,592 | €10,154 | +€563 | +5.9% |
| Gross operating margin | 9900 | €59,707 | €73,258 | +€13,551 | +22.7% |
| Operating profit (loss) | 9901 | €3,924 | €24,653 | +€20,729 | +528.3% |
| Financial income | 75/76B | €987 | €1,593 | +€606 | +61.4% |
| Recurring financial income | 75 | €987 | €1,593 | +€606 | +61.4% |
| Financial charges | 65/66B | €250 | €260 | +€11 | +4.2% |
| Recurring financial charges | 65 | €250 | €260 | +€11 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €4,661 | €25,986 | +€21,325 | +457.5% |
| Income taxes | 67/77 | €2,871 | €8,782 | +€5,911 | +205.9% |
| Profit (loss) for the period | 9904 | €1,790 | €17,204 | +€15,414 | +861.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,790 | €17,204 | +€15,414 | +861.0% |
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 29 September 2026 via checked.be.