HANCQ CONSTRUCT OFFICE: 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.
HANCQ CONSTRUCT OFFICE
Largest movements
- Cash -€325,288
down €325,288 (-83.5%), from €389,406 to €64,118
mainly Receivables after one year (-€230,000) and Receivables within one year (-€130,342)
- Receivables after one year +€230,000
new in 2025: €230,000
- Receivables within one year +€130,342
up €130,342 (+62.4%), from €209,024 to €339,366
of which Trade receivables: +€187,837
- Tangible fixed assets -€20,820
down €20,820 (-16.4%), from €127,162 to €106,342
of which Furniture and vehicles: -€15,492
- Tax, wage and social debts +€43,304
up €43,304 (+39.6%), from €109,445 to €152,749
of which Remuneration and social security: +€30,709
- Debts after one year -€11,190
down €11,190 (-13.4%), from €83,543 to €72,354
- Current portion of long-term debt -€9,731
down €9,731 (-46.5%), from €20,921 to €11,190
- Reserves -€7,642
down €7,642 (-1.8%), from €434,058 to €426,415
of which Distributable reserves: -€7,642
- Staff costs +€65,019
up €65,019 (+36.7%), from €177,283 to €242,302
- Taxes -€24,322
down €24,322 (-44.0%), from €55,227 to €30,904
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.
Derived cash bridge
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 | €729,280 | €749,059 | +€19,779 | +2.7% |
| Fixed assets | 21/28 | €127,162 | €106,342 | -€20,820 | -16.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €127,162 | €106,342 | -€20,820 | -16.4% |
| Land and buildings | 22 | €95,904 | €90,576 | -€5,328 | -5.6% |
| Furniture and vehicles | 24 | €31,258 | €15,766 | -€15,492 | -49.6% |
| Current assets | 29/58 | €602,118 | €642,717 | +€40,599 | +6.7% |
| Amounts receivable after more than one year | 29 | - | €230,000 | +€230,000 | |
| Trade receivables | 290 | - | €230,000 | +€230,000 | |
| Amounts receivable within one year | 40/41 | €209,024 | €339,366 | +€130,342 | +62.4% |
| Trade receivables | 40 | €24,327 | €212,164 | +€187,837 | +772% |
| Other amounts receivable | 41 | €184,697 | €127,202 | -€57,494 | -31.1% |
| Cash at bank and in hand | 54/58 | €389,406 | €64,118 | -€325,288 | -83.5% |
| Deferred charges and accrued income | 490/1 | €3,688 | €9,233 | +€5,545 | +150% |
| Total equity and liabilities | 10/49 | €729,280 | €749,059 | +€19,779 | +2.7% |
| Equity | 10/15 | €501,451 | €493,809 | -€7,642 | -1.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €434,058 | €426,415 | -€7,642 | -1.8% |
| Tax-exempt reserves | 132 | €82 | €82 | = | 0.0% |
| Distributable reserves | 133 | €433,975 | €426,333 | -€7,642 | -1.8% |
| Profit (loss) carried forward | 14 | €61,188 | €61,188 | = | 0.0% |
| Amounts payable | 17/49 | €227,830 | €255,251 | +€27,421 | +12.0% |
| Amounts payable after more than one year | 17 | €83,543 | €72,354 | -€11,190 | -13.4% |
| Financial debts | 170/4 | €83,543 | €72,354 | -€11,190 | -13.4% |
| Amounts payable within one year | 42/48 | €144,286 | €182,897 | +€38,611 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €20,921 | €11,190 | -€9,731 | -46.5% |
| Trade debts | 44 | €13,921 | €18,959 | +€5,038 | +36.2% |
| Suppliers | 440/4 | €13,921 | €18,959 | +€5,038 | +36.2% |
| Taxes, remuneration and social security | 45 | €109,445 | €152,749 | +€43,304 | +39.6% |
| Taxes | 450/3 | €75,506 | €88,101 | +€12,595 | +16.7% |
| Remuneration and social security | 454/9 | €33,939 | €64,648 | +€30,709 | +90.5% |
| Remuneration, social security and pensions | 62 | €177,283 | €242,302 | +€65,019 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,466 | €22,738 | +€272 | +1.2% |
| Other operating charges | 640/8 | €2,087 | €2,637 | +€550 | +26.3% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €363,641 | €362,661 | -€981 | -0.3% |
| Operating profit (loss) | 9901 | €161,742 | €94,984 | -€66,758 | -41.3% |
| Financial income | 75/76B | €13,857 | €11,645 | -€2,212 | -16.0% |
| Recurring financial income | 75 | €13,857 | €11,645 | -€2,212 | -16.0% |
| Financial charges | 65/66B | €2,666 | €4,367 | +€1,701 | +63.8% |
| Recurring financial charges | 65 | €2,666 | €4,367 | +€1,701 | +63.8% |
| Profit (loss) for the period before taxes | 9903 | €172,933 | €102,262 | -€70,671 | -40.9% |
| Income taxes | 67/77 | €55,227 | €30,904 | -€24,322 | -44.0% |
| Profit (loss) for the period | 9904 | €117,706 | €71,358 | -€46,348 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,706 | €71,358 | -€46,348 | -39.4% |
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 13 October 2026 via checked.be.