HD Bouw: 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.
HD Bouw
Largest movements
- Cash +€46,403
up €46,403 (+128%), from €36,323 to €82,726
mainly Net result for the year (+€72,194) and Depreciation (+€2,569)
- Tangible fixed assets +€24,505
up €24,505 (+1,324%), from €1,851 to €26,356
of which Assets under construction and advance payments: +€13,809
- Reserves +€72,194
up €72,194 (+172%), from €42,089 to €114,283
- Tax, wage and social debts -€1,471
down €1,471 (-99.3%), from €1,481 to €10
- Gross operating margin +€41,133
up €41,133 (+76.7%), from €53,597 to €94,730
- Taxes +€7,929
up €7,929 (+75.1%), from €10,562 to €18,491
- Depreciation +€2,195
up €2,195 (+587%), from €374 to €2,569
- Other operating charges +€1,047
up €1,047 (+207%), from €505 to €1,552
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 | €49,073 | €120,366 | +€71,293 | +145% |
| Fixed assets | 21/28 | €1,851 | €26,356 | +€24,505 | +1,324% |
| Tangible fixed assets | 22/27 | €1,851 | €26,356 | +€24,505 | +1,324% |
| Plant, machinery and equipment | 23 | €1,851 | €3,260 | +€1,409 | +76.1% |
| Furniture and vehicles | 24 | - | €9,287 | +€9,287 | |
| Assets under construction and advance payments | 27 | - | €13,809 | +€13,809 | |
| Current assets | 29/58 | €47,221 | €94,010 | +€46,788 | +99.1% |
| Amounts receivable within one year | 40/41 | €10,118 | €10,139 | +€21 | +0.2% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €438 | €459 | +€21 | +4.9% |
| Cash at bank and in hand | 54/58 | €36,323 | €82,726 | +€46,403 | +128% |
| Deferred charges and accrued income | 490/1 | €781 | €1,144 | +€364 | +46.6% |
| Total equity and liabilities | 10/49 | €49,073 | €120,366 | +€71,293 | +145% |
| Equity | 10/15 | €47,089 | €119,283 | +€72,194 | +153% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,089 | €114,283 | +€72,194 | +172% |
| Distributable reserves | 133 | €42,089 | €114,283 | +€72,194 | +172% |
| Amounts payable | 17/49 | €1,984 | €1,083 | -€901 | -45.4% |
| Amounts payable within one year | 42/48 | €1,984 | €1,083 | -€901 | -45.4% |
| Trade debts | 44 | €503 | €1,073 | +€570 | +113% |
| Suppliers | 440/4 | €503 | €1,073 | +€570 | +113% |
| Taxes, remuneration and social security | 45 | €1,481 | €10 | -€1,471 | -99.3% |
| Taxes | 450/3 | €1,481 | €10 | -€1,471 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €374 | €2,569 | +€2,195 | +587% |
| Other operating charges | 640/8 | €505 | €1,552 | +€1,047 | +207% |
| Gross operating margin | 9900 | €53,597 | €94,730 | +€41,133 | +76.7% |
| Operating profit (loss) | 9901 | €52,718 | €90,609 | +€37,891 | +71.9% |
| Financial income | 75/76B | €23 | €117 | +€94 | +404% |
| Recurring financial income | 75 | €23 | €117 | +€94 | +404% |
| Financial charges | 65/66B | €90 | €40 | -€50 | -55.2% |
| Recurring financial charges | 65 | €90 | €40 | -€50 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €52,651 | €90,686 | +€38,035 | +72.2% |
| Income taxes | 67/77 | €10,562 | €18,491 | +€7,929 | +75.1% |
| Profit (loss) for the period | 9904 | €42,089 | €72,194 | +€30,106 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,089 | €72,194 | +€30,106 | +71.5% |
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.