HENDRIK CONSTANDT CONSTRUCT: 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.
HENDRIK CONSTANDT CONSTRUCT
Largest movements
- Stocks and contracts +€818,260
up €818,260 (+84.1%), from €972,515 to €1.8m
of which Contracts in progress: +€818,260
- Receivables within one year +€320,994
up €320,994 (+48.9%), from €656,278 to €977,272
of which Other amounts receivable: +€197,754
- Short-term financial debts +€1.0m
up €1.0m (+118%), from €856,400 to €1.9m
of which Credit institutions: +€1.0m
- Other debts +€375,900
new in 2025: €375,900
- Reserves -€244,000
down €244,000 (-15.9%), from €1.5m to €1.3m
- Tax, wage and social debts -€47,558
down €47,558 (-30.2%), from €157,266 to €109,708
- Trade debts +€37,773
up €37,773 (+82.3%), from €45,909 to €83,682
- Financial income -€246,303
down €246,303 (-64.9%), from €379,527 to €133,224
- Gross operating margin -€84,747
down €84,747 (-39.6%), from €214,000 to €129,253
- Financial charges +€58,596
up €58,596 (+263%), from €22,262 to €80,858
- Taxes -€46,047
down €46,047 (-60.7%), from €75,869 to €29,822
- Other operating charges +€4,925
up €4,925 (+45.6%), from €10,805 to €15,730
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 | €2,649,410 | €3,751,649 | +€1.1m | +41.6% |
| Fixed assets | 21/28 | €161,707 | €157,591 | -€4,115 | -2.5% |
| Tangible fixed assets | 22/27 | €36,707 | €32,591 | -€4,115 | -11.2% |
| Furniture and vehicles | 24 | €19,207 | €15,091 | -€4,115 | -21.4% |
| Other tangible fixed assets | 26 | €17,500 | €17,500 | = | 0.0% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €2,487,704 | €3,594,057 | +€1.1m | +44.5% |
| Amounts receivable after more than one year | 29 | €722,000 | €722,000 | = | 0.0% |
| Other amounts receivable | 291 | €722,000 | €722,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €972,515 | €1,790,775 | +€818,260 | +84.1% |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €972,515 | €1,790,775 | +€818,260 | +84.1% |
| Amounts receivable within one year | 40/41 | €656,278 | €977,272 | +€320,994 | +48.9% |
| Trade receivables | 40 | €0 | €123,240 | +€123,240 | |
| Other amounts receivable | 41 | €656,278 | €854,032 | +€197,754 | +30.1% |
| Cash at bank and in hand | 54/58 | €46,884 | €31,070 | -€15,814 | -33.7% |
| Deferred charges and accrued income | 490/1 | €90,026 | €72,939 | -€17,087 | -19.0% |
| Total equity and liabilities | 10/49 | €2,649,410 | €3,751,649 | +€1.1m | +41.6% |
| Equity | 10/15 | €1,540,683 | €1,296,735 | -€243,948 | -15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,533,900 | €1,289,900 | -€244,000 | -15.9% |
| Distributable reserves | 133 | €1,533,900 | €1,289,900 | -€244,000 | -15.9% |
| Profit (loss) carried forward | 14 | €583 | €635 | +€52 | +8.9% |
| Amounts payable | 17/49 | €1,108,727 | €2,454,914 | +€1.3m | +121% |
| Amounts payable within one year | 42/48 | €1,106,825 | €2,452,990 | +€1.3m | +122% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €856,400 | €1,869,200 | +€1.0m | +118% |
| Credit institutions | 430/8 | €356,400 | €1,369,200 | +€1.0m | +284% |
| Other loans | 439 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €45,909 | €83,682 | +€37,773 | +82.3% |
| Suppliers | 440/4 | €45,909 | €83,682 | +€37,773 | +82.3% |
| Advances received on contracts in progress | 46 | €47,250 | €14,500 | -€32,750 | -69.3% |
| Taxes, remuneration and social security | 45 | €157,266 | €109,708 | -€47,558 | -30.2% |
| Taxes | 450/3 | €157,266 | €109,708 | -€47,558 | -30.2% |
| Other amounts payable | 47/48 | - | €375,900 | +€375,900 | |
| Accrued charges and deferred income | 492/3 | €1,902 | €1,924 | +€22 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €4,115 | +€366 | +9.8% |
| Other operating charges | 640/8 | €10,805 | €15,730 | +€4,925 | +45.6% |
| Gross operating margin | 9900 | €214,000 | €129,253 | -€84,747 | -39.6% |
| Operating profit (loss) | 9901 | €199,445 | €109,408 | -€90,038 | -45.1% |
| Financial income | 75/76B | €379,527 | €133,224 | -€246,303 | -64.9% |
| Recurring financial income | 75 | €379,527 | €133,224 | -€246,303 | -64.9% |
| Financial charges | 65/66B | €22,262 | €80,858 | +€58,596 | +263% |
| Recurring financial charges | 65 | €22,262 | €80,858 | +€58,596 | +263% |
| Profit (loss) for the period before taxes | 9903 | €556,710 | €161,774 | -€394,936 | -70.9% |
| Income taxes | 67/77 | €75,869 | €29,822 | -€46,047 | -60.7% |
| Profit (loss) for the period | 9904 | €480,841 | €131,952 | -€348,889 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €480,841 | €131,952 | -€348,889 | -72.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.