H&S Concrete: what changed
What changed
H&S Concrete
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€31,984
2024 · -€44,055+€76,038
Equity
€768,625
2024 · €736,642+€31,984
Cash
€10,288
2024 · €10+€10,277
Balance sheet total
€1.6m
2024 · €2.0m-€469,030
Largest movements
Assets
- Receivables after one year -€383,942
down €383,942 (-43.0%), from €892,126 to €508,184
- Financial fixed assets -€99,500
down €99,500 (-9.9%), from €1.0m to €900,635
- Receivables within one year +€34,930
up €34,930 (+397%), from €8,806 to €43,736
of which Trade receivables: +€33,846
Equity and liabilities
- Short-term financial debts -€196,333
down €196,333 (-100%), from €196,333 to €0
- Debts after one year -€136,636
down €136,636 (-16.6%), from €822,479 to €685,843
of which Other amounts payable: -€99,500
- Tax, wage and social debts -€66,888
down €66,888 (-82.0%), from €81,551 to €14,663
of which Taxes: -€68,779
- Current portion of long-term debt -€51,854
down €51,854 (-39.8%), from €130,187 to €78,333
- Other debts -€43,344
down €43,344 (-99.4%), from €43,594 to €250
Income statement
- Gross operating margin +€62,003
up €62,003 (+156%), from €39,733 to €101,736
- Financial charges -€28,591
down €28,591 (-55.1%), from €51,846 to €23,256
- Other operating charges +€5,116
up €5,116 (+104%), from €4,942 to €10,058
- Depreciation +€4,773
up €4,773 (+17.6%), from €27,057 to €31,831
- Taxes +€4,525
up €4,525 (+3,749%), from €121 to €4,645
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€44,055
Gross operating margin
+€62,003
Depreciation
-€4,773
Other operating charges
-€5,116
Financial income
-€142
Financial charges
+€28,591
Taxes
-€4,525
Result 2025
€31,984
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€295,600
Investment
+€99,500
Financing
-€384,823
Cash 2024
€10
From operations (derived)
+€295,600
Net result for the year
+€31,984
Depreciation
+€31,831
Receivables after one year
+€383,942
Receivables within one year
-€34,930
Deferred charges and accrued income
-€1,035
Trade debts
+€608
Tax, wage and social debts
-€66,888
Advances received
-€8,000
Other debts
-€43,344
Accrued charges and deferred income
+€1,433
Investment (derived)
+€99,500
Investment in fixed assets (net)
+€99,500
Financing
-€384,823
Debts after one year
-€136,636
Current portion of long-term debt
-€51,854
Short-term financial debts
-€196,333
Cash 2025
€10,288
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,043,211 | €1,574,181 | -€469,030 | -23.0% |
| Fixed assets | 21/28 | €1,140,734 | €1,009,404 | -€131,331 | -11.5% |
| Intangible fixed assets | 21 | €79,811 | €64,609 | -€15,202 | -19.0% |
| Tangible fixed assets | 22/27 | €60,788 | €44,159 | -€16,628 | -27.4% |
| Plant, machinery and equipment | 23 | €46,764 | €33,026 | -€13,738 | -29.4% |
| Furniture and vehicles | 24 | €14,024 | €11,134 | -€2,890 | -20.6% |
| Financial fixed assets | 28 | €1,000,135 | €900,635 | -€99,500 | -9.9% |
| Current assets | 29/58 | €902,476 | €564,777 | -€337,700 | -37.4% |
| Amounts receivable after more than one year | 29 | €892,126 | €508,184 | -€383,942 | -43.0% |
| Other amounts receivable | 291 | €892,126 | €508,184 | -€383,942 | -43.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,806 | €43,736 | +€34,930 | +397% |
| Trade receivables | 40 | €8,743 | €42,589 | +€33,846 | +387% |
| Other amounts receivable | 41 | €64 | €1,147 | +€1,084 | +1,705% |
| Cash at bank and in hand | 54/58 | €10 | €10,288 | +€10,277 | +98,535% |
| Deferred charges and accrued income | 490/1 | €1,533 | €2,569 | +€1,035 | +67.5% |
| Total equity and liabilities | 10/49 | €2,043,211 | €1,574,181 | -€469,030 | -23.0% |
| Equity | 10/15 | €736,642 | €768,625 | +€31,984 | +4.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €741,018 | €741,018 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,942 | €50,942 | = | 0.0% |
| Distributable reserves | 133 | €690,076 | €690,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,376 | -€2,392 | +€31,984 | +93.0% |
| Amounts payable | 17/49 | €1,306,569 | €805,555 | -€501,014 | -38.3% |
| Amounts payable after more than one year | 17 | €822,479 | €685,843 | -€136,636 | -16.6% |
| Financial debts | 170/4 | €722,979 | €685,843 | -€37,136 | -5.1% |
| Other amounts payable | 178/9 | €99,500 | €0 | -€99,500 | -100% |
| Amounts payable within one year | 42/48 | €477,337 | €111,527 | -€365,810 | -76.6% |
| Current portion of amounts payable after more than one year | 42 | €130,187 | €78,333 | -€51,854 | -39.8% |
| Financial debts | 43 | €196,333 | €0 | -€196,333 | -100% |
| Credit institutions | 430/8 | €196,333 | €0 | -€196,333 | -100% |
| Trade debts | 44 | €17,673 | €18,281 | +€608 | +3.4% |
| Suppliers | 440/4 | €17,673 | €18,281 | +€608 | +3.4% |
| Advances received on contracts in progress | 46 | €8,000 | €0 | -€8,000 | -100% |
| Taxes, remuneration and social security | 45 | €81,551 | €14,663 | -€66,888 | -82.0% |
| Taxes | 450/3 | €81,551 | €12,771 | -€68,779 | -84.3% |
| Remuneration and social security | 454/9 | - | €1,892 | +€1,892 | |
| Other amounts payable | 47/48 | €43,594 | €250 | -€43,344 | -99.4% |
| Accrued charges and deferred income | 492/3 | €6,752 | €8,185 | +€1,433 | +21.2% |
| Non-recurring operating income | 76A | €17,479 | €0 | -€17,479 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,057 | €31,831 | +€4,773 | +17.6% |
| Other operating charges | 640/8 | €4,942 | €10,058 | +€5,116 | +104% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €39,733 | €101,736 | +€62,003 | +156% |
| Operating profit (loss) | 9901 | €7,733 | €59,848 | +€52,114 | +674% |
| Financial income | 75/76B | €179 | €37 | -€142 | -79.6% |
| Recurring financial income | 75 | €179 | €37 | -€142 | -79.6% |
| Financial charges | 65/66B | €51,846 | €23,256 | -€28,591 | -55.1% |
| Recurring financial charges | 65 | €51,846 | €23,256 | -€28,591 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,934 | €36,629 | +€80,563 | |
| Income taxes | 67/77 | €121 | €4,645 | +€4,525 | +3,749% |
| Profit (loss) for the period | 9904 | -€44,055 | €31,984 | +€76,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,055 | €31,984 | +€76,038 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.