HD CONSTRUCT DAKWERKEN: 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 CONSTRUCT DAKWERKEN
Largest movements
- Tangible fixed assets +€294,233
up €294,233 (+324.1%), from €90,776 to €385,009
of which Furniture and vehicles: +€285,595
- Cash -€62,773
down €62,773 (-45.9%), from €136,902 to €74,129
mainly Investment in fixed assets (net) (-€330,738) and Accrued charges and deferred income (-€56,221)
- Receivables within one year -€12,640
down €12,640 (-14.7%), from €85,826 to €73,186
of which Trade receivables: -€78,041
- Deferred charges and accrued income -€7,072
down €7,072 (-70.3%), from €10,064 to €2,992
- Debts after one year +€216,740
up €216,740 (+1301.9%), from €16,648 to €233,388
- Accrued charges and deferred income -€56,221
no longer reported in 2025 (was €56,221)
- Current portion of long-term debt +€37,664
up €37,664 (+79.5%), from €47,395 to €85,059
- Trade debts +€20,160
up €20,160 (+115.0%), from €17,531 to €37,691
- Tax, wage and social debts -€16,759
down €16,759 (-60.2%), from €27,827 to €11,068
of which Taxes: -€19,536
- Staff costs +€40,607
up €40,607 (+58.8%), from €69,066 to €109,673
- Gross operating margin -€18,061
down €18,061 (-9.6%), from €188,110 to €170,048
- Depreciation +€15,333
up €15,333 (+71.3%), from €21,503 to €36,835
- Taxes -€4,176
down €4,176 (-65.5%), from €6,373 to €2,196
- Financial charges +€2,963
up €2,963 (+51.8%), from €5,717 to €8,680
of which Financial charges: +€2,463
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 | €330,642 | €543,808 | +€213,167 | +64.5% |
| Fixed assets | 21/28 | €93,625 | €387,528 | +€293,903 | +313.9% |
| Intangible fixed assets | 21 | €2,849 | €2,249 | -€600 | -21.1% |
| Tangible fixed assets | 22/27 | €90,776 | €385,009 | +€294,233 | +324.1% |
| Plant, machinery and equipment | 23 | €25,586 | €34,515 | +€8,928 | +34.9% |
| Furniture and vehicles | 24 | €62,483 | €348,078 | +€285,595 | +457.1% |
| Other tangible fixed assets | 26 | €2,706 | €2,416 | -€290 | -10.7% |
| Financial fixed assets | 28 | - | €270 | +€270 | |
| Current assets | 29/58 | €237,016 | €156,280 | -€80,736 | -34.1% |
| Stocks and contracts in progress | 3 | €4,225 | €5,974 | +€1,749 | +41.4% |
| Stocks | 30/36 | €4,225 | €5,974 | +€1,749 | +41.4% |
| Amounts receivable within one year | 40/41 | €85,826 | €73,186 | -€12,640 | -14.7% |
| Trade receivables | 40 | €82,159 | €4,118 | -€78,041 | -95.0% |
| Other amounts receivable | 41 | €3,666 | €69,067 | +€65,401 | +1783.9% |
| Cash at bank and in hand | 54/58 | €136,902 | €74,129 | -€62,773 | -45.9% |
| Deferred charges and accrued income | 490/1 | €10,064 | €2,992 | -€7,072 | -70.3% |
| Total equity and liabilities | 10/49 | €330,642 | €543,808 | +€213,167 | +64.5% |
| Equity | 10/15 | €88,207 | €99,408 | +€11,201 | +12.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €87,207 | €98,408 | +€11,201 | +12.8% |
| Distributable reserves | 133 | €87,207 | €98,408 | +€11,201 | +12.8% |
| Amounts payable | 17/49 | €242,434 | €444,400 | +€201,966 | +83.3% |
| Amounts payable after more than one year | 17 | €16,648 | €233,388 | +€216,740 | +1301.9% |
| Financial debts | 170/4 | €16,648 | €233,388 | +€216,740 | +1301.9% |
| Amounts payable within one year | 42/48 | €169,565 | €211,012 | +€41,446 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €47,395 | €85,059 | +€37,664 | +79.5% |
| Trade debts | 44 | €17,531 | €37,691 | +€20,160 | +115.0% |
| Suppliers | 440/4 | €17,531 | €37,691 | +€20,160 | +115.0% |
| Taxes, remuneration and social security | 45 | €27,827 | €11,068 | -€16,759 | -60.2% |
| Taxes | 450/3 | €27,827 | €8,292 | -€19,536 | -70.2% |
| Remuneration and social security | 454/9 | - | €2,776 | +€2,776 | |
| Other amounts payable | 47/48 | €76,812 | €77,194 | +€382 | +0.5% |
| Accrued charges and deferred income | 492/3 | €56,221 | - | -€56,221 | |
| Remuneration, social security and pensions | 62 | €69,066 | €109,673 | +€40,607 | +58.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,503 | €36,835 | +€15,333 | +71.3% |
| Other operating charges | 640/8 | €1,689 | €2,898 | +€1,209 | +71.6% |
| Non-recurring operating charges | 66A | €59,091 | - | -€59,091 | |
| Gross operating margin | 9900 | €188,110 | €170,048 | -€18,061 | -9.6% |
| Operating profit (loss) | 9901 | €36,760 | €20,641 | -€16,119 | -43.8% |
| Financial income | 75/76B | €1,090 | €1,436 | +€346 | +31.7% |
| Recurring financial income | 75 | €1,090 | €1,436 | +€346 | +31.7% |
| Financial charges | 65/66B | €5,717 | €8,680 | +€2,963 | +51.8% |
| Recurring financial charges | 65 | €5,717 | €8,180 | +€2,463 | +43.1% |
| Non-recurring financial charges | 66B | - | €500 | +€500 | |
| Profit (loss) for the period before taxes | 9903 | €32,133 | €13,397 | -€18,736 | -58.3% |
| Income taxes | 67/77 | €6,373 | €2,196 | -€4,176 | -65.5% |
| Profit (loss) for the period | 9904 | €25,761 | €11,201 | -€14,560 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,761 | €11,201 | -€14,560 | -56.5% |
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 10 October 2026 via checked.be.