HC CONSTRUCT: what changed
Two fiscal 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.
HC CONSTRUCT
Largest movements
- Receivables within one year +€23,239
up €23,239 (+55.9%), from €41,597 to €64,836
of which Other amounts receivable: +€14,703
- Stocks and contracts -€6,668
down €6,668 (-50.6%), from €13,168 to €6,500
of which Contracts in progress: -€6,668
- Cash +€5,280
up €5,280 (+69.7%), from €7,572 to €12,852
mainly Depreciation (+€13,095) and Trade debts (+€11,520)
- Trade debts +€11,520
up €11,520 (+302.8%), from €3,805 to €15,325
- Reserves +€10,000
up €10,000 (+16.2%), from €61,860 to €71,860
of which Distributable reserves: +€10,000
- Debts after one year -€7,582
down €7,582 (-33.9%), from €22,388 to €14,806
- Tax, wage and social debts +€5,755
up €5,755 (+536.8%), from €1,072 to €6,827
- Accrued charges and deferred income +€1,320
new in 2025: €1,320
- Gross operating margin +€8,990
up €8,990 (+34.3%), from €26,195 to €35,185
- Taxes +€3,641
up €3,641 (+114.3%), from €3,186 to €6,827
- Financial income +€536
up €536 (+45.0%), from €1,192 to €1,728
- Financial charges -€438
down €438 (-13.8%), from €3,171 to €2,733
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 | €104,653 | €127,272 | +€22,619 | +21.6% |
| Fixed assets | 21/28 | €41,865 | €42,633 | +€768 | +1.8% |
| Tangible fixed assets | 22/27 | €41,865 | €42,633 | +€768 | +1.8% |
| Plant, machinery and equipment | 23 | €2,759 | €10,513 | +€7,754 | +281.0% |
| Furniture and vehicles | 24 | €39,106 | €32,120 | -€6,986 | -17.9% |
| Current assets | 29/58 | €62,788 | €84,639 | +€21,851 | +34.8% |
| Stocks and contracts in progress | 3 | €13,168 | €6,500 | -€6,668 | -50.6% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Contracts in progress | 37 | €10,668 | €4,000 | -€6,668 | -62.5% |
| Amounts receivable within one year | 40/41 | €41,597 | €64,836 | +€23,239 | +55.9% |
| Trade receivables | 40 | €16,597 | €25,133 | +€8,536 | +51.4% |
| Other amounts receivable | 41 | €25,000 | €39,703 | +€14,703 | +58.8% |
| Cash at bank and in hand | 54/58 | €7,572 | €12,852 | +€5,280 | +69.7% |
| Deferred charges and accrued income | 490/1 | €451 | €451 | = | 0.0% |
| Total equity and liabilities | 10/49 | €104,653 | €127,272 | +€22,619 | +21.6% |
| Equity | 10/15 | €70,134 | €81,412 | +€11,278 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €61,860 | €71,860 | +€10,000 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €70,000 | +€10,000 | +16.7% |
| Profit (loss) carried forward | 14 | €2,074 | €3,352 | +€1,278 | +61.6% |
| Amounts payable | 17/49 | €34,519 | €45,860 | +€11,341 | +32.9% |
| Amounts payable after more than one year | 17 | €22,388 | €14,806 | -€7,582 | -33.9% |
| Financial debts | 170/4 | €22,388 | €14,806 | -€7,582 | -33.9% |
| Amounts payable within one year | 42/48 | €12,131 | €29,734 | +€17,603 | +145.1% |
| Current portion of amounts payable after more than one year | 42 | €7,254 | €7,582 | +€328 | +4.5% |
| Trade debts | 44 | €3,805 | €15,325 | +€11,520 | +302.8% |
| Suppliers | 440/4 | €3,805 | €15,325 | +€11,520 | +302.8% |
| Taxes, remuneration and social security | 45 | €1,072 | €6,827 | +€5,755 | +536.8% |
| Taxes | 450/3 | €1,072 | €6,827 | +€5,755 | +536.8% |
| Accrued charges and deferred income | 492/3 | - | €1,320 | +€1,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,117 | €13,095 | -€22 | -0.2% |
| Other operating charges | 640/8 | €2,730 | €2,980 | +€250 | +9.2% |
| Gross operating margin | 9900 | €26,195 | €35,185 | +€8,990 | +34.3% |
| Operating profit (loss) | 9901 | €10,348 | €19,110 | +€8,762 | +84.7% |
| Financial income | 75/76B | €1,192 | €1,728 | +€536 | +45.0% |
| Recurring financial income | 75 | €1,192 | €1,728 | +€536 | +45.0% |
| Financial charges | 65/66B | €3,171 | €2,733 | -€438 | -13.8% |
| Recurring financial charges | 65 | €3,171 | €2,733 | -€438 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €8,369 | €18,105 | +€9,736 | +116.3% |
| Income taxes | 67/77 | €3,186 | €6,827 | +€3,641 | +114.3% |
| Profit (loss) for the period | 9904 | €5,183 | €11,278 | +€6,095 | +117.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,183 | €11,278 | +€6,095 | +117.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.