HC 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.
HC Construction
Largest movements
- Stocks and contracts -€28,608
down €28,608 (-5.3%), from €538,255 to €509,647
of which Stocks: -€53,608
- Cash -€23,843
down €23,843 (-79.7%), from €29,927 to €6,084
mainly Short-term financial debts (-€36,382) and Other debts (-€30,495)
- Receivables within one year -€23,314
down €23,314 (-21.3%), from €109,598 to €86,285
of which Other amounts receivable: -€26,120
- Short-term financial debts -€36,382
down €36,382 (-14.1%), from €258,136 to €221,755
- Other debts -€30,495
down €30,495 (-16.9%), from €179,962 to €149,467
- Tax, wage and social debts -€15,902
no longer reported in 2024 (was €15,902)
of which Taxes: -€9,167
- Gross operating margin -€14,612
down €14,612 (-25.8%), from €56,715 to €42,103
- Staff costs -€14,277
down €14,277 (-57.0%), from €25,025 to €10,748
- Financial charges +€4,886
up €4,886 (+31.7%), from €15,418 to €20,304
- Depreciation -€4,654
down €4,654 (-49.0%), from €9,496 to €4,842
- Other operating charges -€867
down €867 (-24.1%), from €3,594 to €2,727
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €795,969 | €713,546 | -€82,423 | -10.4% |
| Fixed assets | 21/28 | €15,807 | €10,964 | -€4,842 | -30.6% |
| Tangible fixed assets | 22/27 | €5,807 | €964 | -€4,842 | -83.4% |
| Furniture and vehicles | 24 | €5,807 | €964 | -€4,842 | -83.4% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €780,162 | €702,581 | -€77,581 | -9.9% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €538,255 | €509,647 | -€28,608 | -5.3% |
| Stocks | 30/36 | €249,955 | €196,347 | -€53,608 | -21.4% |
| Contracts in progress | 37 | €288,300 | €313,300 | +€25,000 | +8.7% |
| Amounts receivable within one year | 40/41 | €109,598 | €86,285 | -€23,314 | -21.3% |
| Trade receivables | 40 | €21,728 | €24,535 | +€2,806 | +12.9% |
| Other amounts receivable | 41 | €87,870 | €61,750 | -€26,120 | -29.7% |
| Cash at bank and in hand | 54/58 | €29,927 | €6,084 | -€23,843 | -79.7% |
| Deferred charges and accrued income | 490/1 | €7,382 | €5,565 | -€1,817 | -24.6% |
| Total equity and liabilities | 10/49 | €795,969 | €713,546 | -€82,423 | -10.4% |
| Equity | 10/15 | €301,308 | €304,853 | +€3,545 | +1.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €264,093 | €264,093 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,093 | €14,093 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,756 | €20,300 | +€3,545 | +21.2% |
| Amounts payable | 17/49 | €494,660 | €408,693 | -€85,968 | -17.4% |
| Amounts payable within one year | 42/48 | €494,660 | €408,693 | -€85,968 | -17.4% |
| Financial debts | 43 | €258,136 | €221,755 | -€36,382 | -14.1% |
| Credit institutions | 430/8 | €258,136 | €221,755 | -€36,382 | -14.1% |
| Trade debts | 44 | €40,660 | €37,471 | -€3,189 | -7.8% |
| Suppliers | 440/4 | €40,660 | €37,471 | -€3,189 | -7.8% |
| Taxes, remuneration and social security | 45 | €15,902 | - | -€15,902 | |
| Taxes | 450/3 | €9,167 | - | -€9,167 | |
| Remuneration and social security | 454/9 | €6,735 | - | -€6,735 | |
| Other amounts payable | 47/48 | €179,962 | €149,467 | -€30,495 | -16.9% |
| Remuneration, social security and pensions | 62 | €25,025 | €10,748 | -€14,277 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,496 | €4,842 | -€4,654 | -49.0% |
| Other operating charges | 640/8 | €3,594 | €2,727 | -€867 | -24.1% |
| Gross operating margin | 9900 | €56,715 | €42,103 | -€14,612 | -25.8% |
| Operating profit (loss) | 9901 | €18,599 | €23,785 | +€5,186 | +27.9% |
| Financial income | 75/76B | €0 | €63 | +€63 | +210,733% |
| Recurring financial income | 75 | €0 | €63 | +€63 | +210,733% |
| Financial charges | 65/66B | €15,418 | €20,304 | +€4,886 | +31.7% |
| Recurring financial charges | 65 | €15,418 | €20,304 | +€4,886 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €3,181 | €3,545 | +€363 | +11.4% |
| Profit (loss) for the period | 9904 | €3,181 | €3,545 | +€363 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,181 | €3,545 | +€363 | +11.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.