HD CONSTRUCT: what changed
HD CONSTRUCT
Largest movements
- Stocks and contracts -€191,625
down €191,625 (-57.7%), from €332,250 to €140,625
of which Contracts in progress: -€332,250
- Receivables within one year +€52,861
new in 2024: €52,861
- Cash +€43,902
up €43,902 (+64.6%), from €67,931 to €111,834
mainly Stocks and contracts (+€191,625) and Net result for the year (+€51,142)
- Receivables after one year -€29,296
no longer reported in 2024 (was €29,296)
- Tangible fixed assets -€14,576
down €14,576 (-57.0%), from €25,551 to €10,974
of which Furniture and vehicles: -€10,974
- Debts after one year -€96,813
down €96,813 (-65.8%), from €147,101 to €50,289
- Accrued charges and deferred income -€59,657
no longer reported in 2024 (was €59,657)
- Profit (loss) carried forward +€51,142
up €51,142 (+184%), from €27,820 to €78,962
- Tax, wage and social debts -€15,569
down €15,569 (-46.4%), from €33,551 to €17,982
- Current portion of long-term debt -€10,256
no longer reported in 2024 (was €10,256)
- Gross operating margin -€222,081
down €222,081 (-77.1%), from €287,945 to €65,865
- Write-downs -€195,750
no longer reported in 2024 (was €195,750)
- Purchases and services +€192,846
up €192,846 (+2,008%), from €9,602 to €202,448
- Turnover -€29,235
down €29,235 (-9.8%), from €297,547 to €268,312
- Taxes -€18,184
no longer reported in 2024 (was €18,184)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €459,059 | €318,205 | -€140,854 | -30.7% |
| Fixed assets | 21/28 | €25,863 | €11,286 | -€14,576 | -56.4% |
| Tangible fixed assets | 22/27 | €25,551 | €10,974 | -€14,576 | -57.0% |
| Land and buildings | 22 | €3,602 | - | -€3,602 | |
| Furniture and vehicles | 24 | €21,949 | €10,974 | -€10,974 | -50.0% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €433,196 | €306,919 | -€126,278 | -29.2% |
| Amounts receivable after more than one year | 29 | €29,296 | - | -€29,296 | |
| Other amounts receivable | 291 | €29,296 | - | -€29,296 | |
| Stocks and contracts in progress | 3 | €332,250 | €140,625 | -€191,625 | -57.7% |
| Stocks | 30/36 | - | €140,625 | +€140,625 | |
| Contracts in progress | 37 | €332,250 | - | -€332,250 | |
| Amounts receivable within one year | 40/41 | - | €52,861 | +€52,861 | |
| Other amounts receivable | 41 | - | €52,861 | +€52,861 | |
| Cash at bank and in hand | 54/58 | €67,931 | €111,834 | +€43,902 | +64.6% |
| Deferred charges and accrued income | 490/1 | €3,719 | €1,599 | -€2,120 | -57.0% |
| Total equity and liabilities | 10/49 | €459,059 | €318,205 | -€140,854 | -30.7% |
| Equity | 10/15 | €188,280 | €239,422 | +€51,142 | +27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €141,860 | €141,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €140,000 | €141,860 | +€1,860 | +1.3% |
| Profit (loss) carried forward | 14 | €27,820 | €78,962 | +€51,142 | +184% |
| Amounts payable | 17/49 | €270,779 | €78,784 | -€191,995 | -70.9% |
| Amounts payable after more than one year | 17 | €147,101 | €50,289 | -€96,813 | -65.8% |
| Financial debts | 170/4 | €147,101 | €50,289 | -€96,813 | -65.8% |
| Amounts payable within one year | 42/48 | €64,021 | €28,495 | -€35,526 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | €10,256 | - | -€10,256 | |
| Trade debts | 44 | €9,701 | - | -€9,701 | |
| Suppliers | 440/4 | €9,701 | - | -€9,701 | |
| Taxes, remuneration and social security | 45 | €33,551 | €17,982 | -€15,569 | -46.4% |
| Taxes | 450/3 | €33,551 | €17,982 | -€15,569 | -46.4% |
| Other amounts payable | 47/48 | €10,513 | €10,513 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €59,657 | - | -€59,657 | |
| Turnover | 70 | €297,547 | €268,312 | -€29,235 | -9.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,602 | €202,448 | +€192,846 | +2,008% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,576 | €14,576 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €195,750 | - | -€195,750 | |
| Other operating charges | 640/8 | €190 | €1,844 | +€1,654 | +871% |
| Gross operating margin | 9900 | €287,945 | €65,865 | -€222,081 | -77.1% |
| Operating profit (loss) | 9901 | €77,429 | €49,444 | -€27,985 | -36.1% |
| Financial income | 75/76B | - | €1,863 | +€1,863 | |
| Recurring financial income | 75 | - | €1,863 | +€1,863 | |
| Financial charges | 65/66B | €10,100 | €166 | -€9,934 | -98.4% |
| Recurring financial charges | 65 | €10,100 | €166 | -€9,934 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €67,329 | €51,142 | -€16,188 | -24.0% |
| Income taxes | 67/77 | €18,184 | - | -€18,184 | |
| Profit (loss) for the period | 9904 | €49,145 | €51,142 | +€1,996 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €49,145 | €51,142 | +€1,996 | +4.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.