HBJ 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.
HBJ CONSTRUCTION
Largest movements
- Receivables within one year +€563,530
new in 2025: €563,530
of which Trade receivables: +€547,275
- Cash -€130,913
down €130,913 (-95.8%), from €136,613 to €5,700
mainly Receivables within one year (-€563,530) and Stocks and contracts (-€109,862)
- Stocks and contracts +€109,862
new in 2025: €109,862
- Financial fixed assets -€75,275
no longer reported in 2025 (was €75,275)
- Profit (loss) carried forward +€332,426
up €332,426 (+501.7%), from €66,265 to €398,690
- Contributions +€95,000
up €95,000 (+1900.0%), from €5,000 to €100,000
- Tax, wage and social debts +€92,825
up €92,825 (+301.6%), from €30,778 to €123,603
- Trade debts -€65,146
down €65,146 (-93.7%), from €69,509 to €4,363
- Advances received +€55,412
new in 2025: €55,412
- Other operating charges -€140,981
down €140,981 (-56.2%), from €250,672 to €109,691
- Write-downs -€29,724
down €29,724, from €14,862 to -€14,862
- Taxes +€28,975
up €28,975 (+181.8%), from €15,941 to €44,916
- Financial charges -€4,495
down €4,495 (-73.3%), from €6,133 to €1,638
- Gross operating margin +€4,409
up €4,409 (+1.4%), from €319,255 to €323,664
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 | €217,849 | €682,438 | +€464,589 | +213.3% |
| Fixed assets | 21/28 | €81,236 | €3,346 | -€77,890 | -95.9% |
| Tangible fixed assets | 22/27 | €5,961 | €3,346 | -€2,615 | -43.9% |
| Plant, machinery and equipment | 23 | €1,254 | €726 | -€528 | -42.1% |
| Furniture and vehicles | 24 | €4,707 | €2,620 | -€2,087 | -44.3% |
| Financial fixed assets | 28 | €75,275 | - | -€75,275 | |
| Current assets | 29/58 | €136,613 | €679,092 | +€542,479 | +397.1% |
| Stocks and contracts in progress | 3 | - | €109,862 | +€109,862 | |
| Stocks | 30/36 | - | €109,862 | +€109,862 | |
| Amounts receivable within one year | 40/41 | - | €563,530 | +€563,530 | |
| Trade receivables | 40 | - | €547,275 | +€547,275 | |
| Other amounts receivable | 41 | - | €16,255 | +€16,255 | |
| Cash at bank and in hand | 54/58 | €136,613 | €5,700 | -€130,913 | -95.8% |
| Total equity and liabilities | 10/49 | €217,849 | €682,438 | +€464,589 | +213.3% |
| Equity | 10/15 | €71,265 | €498,690 | +€427,426 | +599.8% |
| Contributions | 10/11 | €5,000 | €100,000 | +€95,000 | +1900.0% |
| Profit (loss) carried forward | 14 | €66,265 | €398,690 | +€332,426 | +501.7% |
| Amounts payable | 17/49 | €146,585 | €183,748 | +€37,163 | +25.4% |
| Amounts payable within one year | 42/48 | €146,585 | €183,748 | +€37,163 | +25.4% |
| Trade debts | 44 | €69,509 | €4,363 | -€65,146 | -93.7% |
| Suppliers | 440/4 | €69,509 | €4,363 | -€65,146 | -93.7% |
| Advances received on contracts in progress | 46 | - | €55,412 | +€55,412 | |
| Taxes, remuneration and social security | 45 | €30,778 | €123,603 | +€92,825 | +301.6% |
| Taxes | 450/3 | €30,778 | €123,603 | +€92,825 | +301.6% |
| Other amounts payable | 47/48 | €46,298 | €370 | -€45,928 | -99.2% |
| Remuneration, social security and pensions | 62 | €1,488 | - | -€1,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,956 | €2,615 | +€659 | +33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,862 | -€14,862 | -€29,724 | |
| Other operating charges | 640/8 | €250,672 | €109,691 | -€140,981 | -56.2% |
| Non-recurring operating charges | 66A | €16,819 | - | -€16,819 | |
| Gross operating margin | 9900 | €319,255 | €323,664 | +€4,409 | +1.4% |
| Operating profit (loss) | 9901 | €33,459 | €226,220 | +€192,761 | +576.1% |
| Financial charges | 65/66B | €6,133 | €1,638 | -€4,495 | -73.3% |
| Recurring financial charges | 65 | €6,133 | €1,638 | -€4,495 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €27,325 | €224,582 | +€197,257 | +721.9% |
| Income taxes | 67/77 | €15,941 | €44,916 | +€28,975 | +181.8% |
| Profit (loss) for the period | 9904 | €11,384 | €179,666 | +€168,282 | +1478.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,384 | €179,666 | +€168,282 | +1478.3% |
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.