HDB BOUWTEAM: 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.
HDB BOUWTEAM
Largest movements
- Cash +€81,998
up €81,998 (+594%), from €13,811 to €95,810
mainly Trade debts (+€117,146) and Depreciation (+€90,237)
- Receivables within one year +€81,624
up €81,624 (+267%), from €30,617 to €112,241
of which Trade receivables: +€82,559
- Tangible fixed assets -€79,369
down €79,369 (-24.0%), from €330,917 to €251,549
- Trade debts +€117,146
up €117,146 (+330%), from €35,493 to €152,640
- Debts after one year -€48,602
down €48,602 (-28.9%), from €168,391 to €119,790
- Reserves +€20,500
up €20,500 (+22.3%), from €91,860 to €112,360
of which Distributable reserves: +€20,500
- Tax, wage and social debts -€7,989
no longer reported in 2025 (was €7,989)
- Short-term financial debts +€4,960
new in 2025: €4,960
- Gross operating margin +€197,428
up €197,428 (+60.9%), from €324,077 to €521,505
- Staff costs +€82,258
up €82,258 (+25.4%), from €323,488 to €405,746
- Depreciation +€75,750
up €75,750 (+523%), from €14,487 to €90,237
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 | €391,126 | €474,185 | +€83,059 | +21.2% |
| Fixed assets | 21/28 | €330,917 | €251,549 | -€79,369 | -24.0% |
| Tangible fixed assets | 22/27 | €330,917 | €251,549 | -€79,369 | -24.0% |
| Plant, machinery and equipment | 23 | €146,951 | €108,889 | -€38,062 | -25.9% |
| Furniture and vehicles | 24 | €53,281 | €25,282 | -€27,999 | -52.5% |
| Leasing and similar rights | 25 | €128,690 | €115,582 | -€13,108 | -10.2% |
| Other tangible fixed assets | 26 | €1,995 | €1,796 | -€200 | -10.0% |
| Current assets | 29/58 | €60,208 | €222,636 | +€162,428 | +270% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,617 | €112,241 | +€81,624 | +267% |
| Trade receivables | 40 | €142 | €82,702 | +€82,559 | +57,965% |
| Other amounts receivable | 41 | €30,474 | €29,539 | -€935 | -3.1% |
| Cash at bank and in hand | 54/58 | €13,811 | €95,810 | +€81,998 | +594% |
| Deferred charges and accrued income | 490/1 | €10,780 | €9,586 | -€1,195 | -11.1% |
| Total equity and liabilities | 10/49 | €391,126 | €474,185 | +€83,059 | +21.2% |
| Equity | 10/15 | €111,056 | €131,194 | +€20,138 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,860 | €112,360 | +€20,500 | +22.3% |
| 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 | €90,000 | €110,500 | +€20,500 | +22.8% |
| Profit (loss) carried forward | 14 | €596 | €234 | -€362 | -60.7% |
| Amounts payable | 17/49 | €280,069 | €342,991 | +€62,922 | +22.5% |
| Amounts payable after more than one year | 17 | €168,391 | €119,790 | -€48,602 | -28.9% |
| Financial debts | 170/4 | €168,391 | €119,790 | -€48,602 | -28.9% |
| Amounts payable within one year | 42/48 | €111,379 | €223,201 | +€111,822 | +100% |
| Current portion of amounts payable after more than one year | 42 | €67,897 | €65,602 | -€2,295 | -3.4% |
| Financial debts | 43 | - | €4,960 | +€4,960 | |
| Credit institutions | 430/8 | - | €4,960 | +€4,960 | |
| Trade debts | 44 | €35,493 | €152,640 | +€117,146 | +330% |
| Suppliers | 440/4 | €35,493 | €152,640 | +€117,146 | +330% |
| Taxes, remuneration and social security | 45 | €7,989 | - | -€7,989 | |
| Remuneration and social security | 454/9 | €7,989 | - | -€7,989 | |
| Accrued charges and deferred income | 492/3 | €299 | - | -€299 | |
| Remuneration, social security and pensions | 62 | €323,488 | €405,746 | +€82,258 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,487 | €90,237 | +€75,750 | +523% |
| Other operating charges | 640/8 | €2,448 | €3,119 | +€671 | +27.4% |
| Gross operating margin | 9900 | €324,077 | €521,505 | +€197,428 | +60.9% |
| Operating profit (loss) | 9901 | -€16,346 | €22,404 | +€38,750 | |
| Financial income | 75/76B | €4,711 | €4,679 | -€32 | -0.7% |
| Recurring financial income | 75 | €4,711 | €4,679 | -€32 | -0.7% |
| Financial charges | 65/66B | €11,572 | €6,753 | -€4,820 | -41.6% |
| Recurring financial charges | 65 | €11,572 | €6,753 | -€4,820 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,207 | €20,331 | +€43,537 | |
| Income taxes | 67/77 | -€962 | €193 | +€1,155 | |
| Profit (loss) for the period | 9904 | -€22,245 | €20,138 | +€42,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,245 | €20,138 | +€42,383 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.