HB CONSTRUCTIE & MACHINES: 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.
HB CONSTRUCTIE & MACHINES
Largest movements
- Tangible fixed assets +€108,583
up €108,583 (+9.2%), from €1.2m to €1.3m
of which Furniture and vehicles: +€93,383
- Receivables within one year -€84,893
down €84,893 (-71.9%), from €118,057 to €33,164
of which Trade receivables: -€87,362
- Cash -€61,976
down €61,976 (-32.7%), from €189,770 to €127,794
mainly Investment in fixed assets (net) (-€302,264) and Trade debts (-€93,817)
- Trade debts -€93,817
down €93,817 (-63.3%), from €148,162 to €54,344
- Debts after one year +€65,871
up €65,871 (+10.5%), from €629,623 to €695,493
of which Financial debts: +€65,871
- Other debts -€36,568
down €36,568 (-18.7%), from €195,859 to €159,291
- Current portion of long-term debt +€28,783
up €28,783 (+19.8%), from €145,704 to €174,486
- Staff costs +€114,534
up €114,534 (+112%), from €102,220 to €216,754
- Depreciation +€42,194
up €42,194 (+27.9%), from €151,487 to €193,681
- Gross operating margin +€40,883
up €40,883 (+9.8%), from €417,251 to €458,134
- Taxes -€35,507
down €35,507 (-86.1%), from €41,243 to €5,735
- Financial charges +€5,667
up €5,667 (+33.6%), from €16,876 to €22,542
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 | €1,700,795 | €1,663,505 | -€37,290 | -2.2% |
| Fixed assets | 21/28 | €1,176,229 | €1,284,812 | +€108,583 | +9.2% |
| Tangible fixed assets | 22/27 | €1,175,979 | €1,284,562 | +€108,583 | +9.2% |
| Land and buildings | 22 | €829,067 | €783,409 | -€45,658 | -5.5% |
| Plant, machinery and equipment | 23 | €253,890 | €314,747 | +€60,858 | +24.0% |
| Furniture and vehicles | 24 | €93,022 | €186,405 | +€93,383 | +100% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €524,567 | €378,694 | -€145,873 | -27.8% |
| Stocks and contracts in progress | 3 | €214,658 | €215,384 | +€726 | +0.3% |
| Stocks | 30/36 | €214,658 | €215,384 | +€726 | +0.3% |
| Amounts receivable within one year | 40/41 | €118,057 | €33,164 | -€84,893 | -71.9% |
| Trade receivables | 40 | €118,057 | €30,695 | -€87,362 | -74.0% |
| Other amounts receivable | 41 | - | €2,469 | +€2,469 | |
| Cash at bank and in hand | 54/58 | €189,770 | €127,794 | -€61,976 | -32.7% |
| Deferred charges and accrued income | 490/1 | €2,082 | €2,352 | +€271 | +13.0% |
| Total equity and liabilities | 10/49 | €1,700,795 | €1,663,505 | -€37,290 | -2.2% |
| Equity | 10/15 | €506,064 | €518,515 | +€12,452 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €330,944 | €343,396 | +€12,452 | +3.8% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €318,944 | €331,396 | +€12,452 | +3.9% |
| Profit (loss) carried forward | 14 | €162,719 | €162,719 | = | 0.0% |
| Amounts payable | 17/49 | €1,194,732 | €1,144,990 | -€49,742 | -4.2% |
| Amounts payable after more than one year | 17 | €629,623 | €695,493 | +€65,871 | +10.5% |
| Financial debts | 170/4 | €620,623 | €686,493 | +€65,871 | +10.6% |
| Other amounts payable | 178/9 | €9,000 | €9,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €564,212 | €449,497 | -€114,715 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €145,704 | €174,486 | +€28,783 | +19.8% |
| Trade debts | 44 | €148,162 | €54,344 | -€93,817 | -63.3% |
| Suppliers | 440/4 | €148,162 | €54,344 | -€93,817 | -63.3% |
| Taxes, remuneration and social security | 45 | €74,488 | €61,376 | -€13,113 | -17.6% |
| Taxes | 450/3 | €74,488 | €59,881 | -€14,607 | -19.6% |
| Remuneration and social security | 454/9 | - | €1,495 | +€1,495 | |
| Other amounts payable | 47/48 | €195,859 | €159,291 | -€36,568 | -18.7% |
| Accrued charges and deferred income | 492/3 | €897 | - | -€897 | |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €102,220 | €216,754 | +€114,534 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,487 | €193,681 | +€42,194 | +27.9% |
| Other operating charges | 640/8 | €6,592 | €7,567 | +€975 | +14.8% |
| Gross operating margin | 9900 | €417,251 | €458,134 | +€40,883 | +9.8% |
| Operating profit (loss) | 9901 | €156,953 | €40,132 | -€116,820 | -74.4% |
| Financial income | 75/76B | €1,450 | €597 | -€853 | -58.8% |
| Recurring financial income | 75 | €1,450 | €597 | -€853 | -58.8% |
| Financial charges | 65/66B | €16,876 | €22,542 | +€5,667 | +33.6% |
| Recurring financial charges | 65 | €16,876 | €22,542 | +€5,667 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €141,527 | €18,187 | -€123,340 | -87.1% |
| Income taxes | 67/77 | €41,243 | €5,735 | -€35,507 | -86.1% |
| Profit (loss) for the period | 9904 | €100,284 | €12,452 | -€87,833 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,284 | €12,452 | -€87,833 | -87.6% |
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 25 October 2026 via checked.be.