H-T MaP Construction: 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-T MaP Construction
Largest movements
- Stocks and contracts -€27,808
down €27,808 (-78.9%), from €35,253 to €7,445
- Cash +€27,624
up €27,624 (+1126.1%), from €2,453 to €30,077
mainly Stocks and contracts (+€27,808) and Receivables within one year (+€20,413)
- Receivables within one year -€20,413
down €20,413 (-32.6%), from €62,545 to €42,132
of which Trade receivables: -€21,168
- Deferred charges and accrued income -€15,158
down €15,158 (-93.8%), from €16,152 to €995
- Tangible fixed assets -€9,723
down €9,723 (-9.5%), from €102,846 to €93,123
- Other debts -€13,679
down €13,679 (-26.7%), from €51,218 to €37,540
- Debts after one year -€12,123
down €12,123 (-20.5%), from €59,151 to €47,028
- Trade debts -€12,122
down €12,122 (-59.9%), from €20,238 to €8,116
- Tax, wage and social debts -€6,978
down €6,978 (-86.8%), from €8,039 to €1,061
of which Remuneration and social security: -€7,780
- Depreciation -€5,527
down €5,527 (-26.8%), from €20,636 to €15,109
- Financial income +€5,398
up €5,398 (+2794.8%), from €193 to €5,591
of which Non-recurring financial income: +€5,488
- Staff costs +€4,400
up €4,400 (+9.4%), from €46,972 to €51,372
- Gross operating margin +€3,635
up €3,635 (+5.7%), from €63,763 to €67,398
- Financial charges -€1,736
down €1,736 (-28.2%), from €6,160 to €4,423
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
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 | €223,605 | €178,264 | -€45,342 | -20.3% |
| Fixed assets | 21/28 | €107,203 | €97,616 | -€9,587 | -8.9% |
| Tangible fixed assets | 22/27 | €102,846 | €93,123 | -€9,723 | -9.5% |
| Land and buildings | 22 | €82,923 | €81,401 | -€1,522 | -1.8% |
| Plant, machinery and equipment | 23 | €12,023 | €8,655 | -€3,367 | -28.0% |
| Furniture and vehicles | 24 | €7,900 | €3,066 | -€4,834 | -61.2% |
| Financial fixed assets | 28 | €4,357 | €4,493 | +€136 | +3.1% |
| Current assets | 29/58 | €116,403 | €80,648 | -€35,755 | -30.7% |
| Stocks and contracts in progress | 3 | €35,253 | €7,445 | -€27,808 | -78.9% |
| Stocks | 30/36 | €35,253 | €7,445 | -€27,808 | -78.9% |
| Amounts receivable within one year | 40/41 | €62,545 | €42,132 | -€20,413 | -32.6% |
| Trade receivables | 40 | €49,523 | €28,355 | -€21,168 | -42.7% |
| Other amounts receivable | 41 | €13,022 | €13,777 | +€755 | +5.8% |
| Cash at bank and in hand | 54/58 | €2,453 | €30,077 | +€27,624 | +1126.1% |
| Deferred charges and accrued income | 490/1 | €16,152 | €995 | -€15,158 | -93.8% |
| Total equity and liabilities | 10/49 | €223,605 | €178,264 | -€45,342 | -20.3% |
| Equity | 10/15 | €46,361 | €46,549 | +€188 | +0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €27,769 | €27,769 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,729 | €2,729 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,729 | €2,729 | = | 0.0% |
| Distributable reserves | 133 | €25,040 | €25,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €188 | +€188 | |
| Amounts payable | 17/49 | €177,245 | €131,715 | -€45,529 | -25.7% |
| Amounts payable after more than one year | 17 | €59,151 | €47,028 | -€12,123 | -20.5% |
| Financial debts | 170/4 | €59,151 | €47,028 | -€12,123 | -20.5% |
| Amounts payable within one year | 42/48 | €118,094 | €84,674 | -€33,419 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €13,598 | €12,957 | -€641 | -4.7% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €20,238 | €8,116 | -€12,122 | -59.9% |
| Suppliers | 440/4 | €20,238 | €8,116 | -€12,122 | -59.9% |
| Taxes, remuneration and social security | 45 | €8,039 | €1,061 | -€6,978 | -86.8% |
| Taxes | 450/3 | €259 | €1,061 | +€802 | +309.9% |
| Remuneration and social security | 454/9 | €7,780 | - | -€7,780 | |
| Other amounts payable | 47/48 | €51,218 | €37,540 | -€13,679 | -26.7% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Remuneration, social security and pensions | 62 | €46,972 | €51,372 | +€4,400 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,636 | €15,109 | -€5,527 | -26.8% |
| Other operating charges | 640/8 | €2,076 | €1,418 | -€658 | -31.7% |
| Gross operating margin | 9900 | €63,763 | €67,398 | +€3,635 | +5.7% |
| Operating profit (loss) | 9901 | -€5,921 | -€501 | +€5,420 | +91.5% |
| Financial income | 75/76B | €193 | €5,591 | +€5,398 | +2794.8% |
| Recurring financial income | 75 | €193 | €103 | -€90 | -46.8% |
| Non-recurring financial income | 76B | - | €5,488 | +€5,488 | |
| Financial charges | 65/66B | €6,160 | €4,423 | -€1,736 | -28.2% |
| Recurring financial charges | 65 | €6,160 | €4,423 | -€1,736 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,887 | €666 | +€12,554 | |
| Income taxes | 67/77 | €369 | €479 | +€110 | +29.8% |
| Profit (loss) for the period | 9904 | -€12,256 | €188 | +€12,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,256 | €188 | +€12,444 |
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 9 October 2026 via checked.be.