HIJSCO: what changed
What changed
HIJSCO
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€115,228
2024 · €176,808-€61,580
Equity
€457,358
2024 · €342,131+€115,228
Cash
€194,390
2024 · €126,779+€67,611
Balance sheet total
€1.9m
2024 · €1.5m+€386,592
Largest movements
Assets
- Tangible fixed assets +€298,199
up €298,199 (+24.7%), from €1.2m to €1.5m
of which Leasing and similar rights: +€383,605
- Cash +€67,611
up €67,611 (+53.3%), from €126,779 to €194,390
mainly Depreciation (+€337,100) and Debts after one year (+€258,529)
Equity and liabilities
- Debts after one year +€258,529
up €258,529 (+44.1%), from €585,584 to €844,112
- Reserves +€115,228
up €115,228 (+34.3%), from €335,931 to €451,158
of which Distributable reserves: +€116,778
- Current portion of long-term debt +€89,040
up €89,040 (+75.1%), from €118,613 to €207,653
- Short-term financial debts -€73,951
down €73,951 (-94.8%), from €77,973 to €4,022
- Trade debts -€25,918
down €25,918 (-6.3%), from €410,461 to €384,543
Income statement
- Gross operating margin +€126,847
up €126,847 (+22.0%), from €577,133 to €703,979
- Depreciation +€109,067
up €109,067 (+47.8%), from €228,033 to €337,100
- Staff costs +€44,450
up €44,450 (+43.1%), from €103,149 to €147,599
- Taxes +€18,137
new in 2025: €18,137
- Financial charges +€17,560
up €17,560 (+62.3%), from €28,192 to €45,752
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€176,808
Gross operating margin
+€126,847
Staff costs
-€44,450
Depreciation
-€109,067
Write-downs
-€12,168
Other operating charges
-€3,174
Other operating items
+€14,872
Financial income
+€1,257
Financial charges
-€17,560
Taxes
-€18,137
Result 2025
€115,228
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€429,294
Investment
-€635,300
Financing
+€273,617
Cash 2024
€126,779
From operations (derived)
+€429,294
Net result for the year
+€115,228
Depreciation
+€337,100
Receivables within one year
-€7,860
Deferred charges and accrued income
-€12,921
Trade debts
-€25,918
Tax, wage and social debts
+€23,542
Other debts
+€124
Investment (derived)
-€635,300
Investment in fixed assets (net)
-€635,300
Financing
+€273,617
Debts after one year
+€258,529
Current portion of long-term debt
+€89,040
Short-term financial debts
-€73,951
Cash 2025
€194,390
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,542,868 | €1,929,459 | +€386,592 | +25.1% |
| Fixed assets | 21/28 | €1,207,862 | €1,506,061 | +€298,199 | +24.7% |
| Tangible fixed assets | 22/27 | €1,207,862 | €1,506,061 | +€298,199 | +24.7% |
| Plant, machinery and equipment | 23 | €78,588 | €98,945 | +€20,357 | +25.9% |
| Furniture and vehicles | 24 | €432,197 | €326,974 | -€105,222 | -24.3% |
| Leasing and similar rights | 25 | €696,535 | €1,080,140 | +€383,605 | +55.1% |
| Other tangible fixed assets | 26 | €542 | €2 | -€541 | -99.7% |
| Current assets | 29/58 | €335,006 | €423,399 | +€88,393 | +26.4% |
| Amounts receivable within one year | 40/41 | €194,774 | €202,634 | +€7,860 | +4.0% |
| Trade receivables | 40 | €172,022 | €165,805 | -€6,217 | -3.6% |
| Other amounts receivable | 41 | €22,752 | €36,829 | +€14,077 | +61.9% |
| Cash at bank and in hand | 54/58 | €126,779 | €194,390 | +€67,611 | +53.3% |
| Deferred charges and accrued income | 490/1 | €13,453 | €26,374 | +€12,921 | +96.0% |
| Total equity and liabilities | 10/49 | €1,542,868 | €1,929,459 | +€386,592 | +25.1% |
| Equity | 10/15 | €342,131 | €457,358 | +€115,228 | +33.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €335,931 | €451,158 | +€115,228 | +34.3% |
| Non-distributable reserves | 130/1 | €1,550 | - | -€1,550 | |
| Reserves not available under the articles | 1311 | €1,550 | - | -€1,550 | |
| Distributable reserves | 133 | €334,381 | €451,158 | +€116,778 | +34.9% |
| Amounts payable | 17/49 | €1,200,737 | €1,472,101 | +€271,364 | +22.6% |
| Amounts payable after more than one year | 17 | €585,584 | €844,112 | +€258,529 | +44.1% |
| Financial debts | 170/4 | €585,584 | €844,112 | +€258,529 | +44.1% |
| Amounts payable within one year | 42/48 | €615,153 | €627,989 | +€12,836 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €118,613 | €207,653 | +€89,040 | +75.1% |
| Financial debts | 43 | €77,973 | €4,022 | -€73,951 | -94.8% |
| Credit institutions | 430/8 | €77,973 | €4,022 | -€73,951 | -94.8% |
| Trade debts | 44 | €410,461 | €384,543 | -€25,918 | -6.3% |
| Suppliers | 440/4 | €410,461 | €384,543 | -€25,918 | -6.3% |
| Taxes, remuneration and social security | 45 | €7,210 | €30,752 | +€23,542 | +327% |
| Taxes | 450/3 | - | €18,137 | +€18,137 | |
| Remuneration and social security | 454/9 | €7,210 | €12,615 | +€5,405 | +75.0% |
| Other amounts payable | 47/48 | €896 | €1,020 | +€124 | +13.8% |
| Non-recurring operating income | 76A | - | €6,521 | +€6,521 | |
| Remuneration, social security and pensions | 62 | €103,149 | €147,599 | +€44,450 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,033 | €337,100 | +€109,067 | +47.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €457 | €12,625 | +€12,168 | +2,663% |
| Other operating charges | 640/8 | €22,666 | €25,840 | +€3,174 | +14.0% |
| Non-recurring operating charges | 66A | €18,593 | €3,721 | -€14,872 | -80.0% |
| Gross operating margin | 9900 | €577,133 | €703,979 | +€126,847 | +22.0% |
| Operating profit (loss) | 9901 | €204,234 | €177,094 | -€27,140 | -13.3% |
| Financial income | 75/76B | €765 | €2,023 | +€1,257 | +164% |
| Recurring financial income | 75 | €765 | €2,023 | +€1,257 | +164% |
| Financial charges | 65/66B | €28,192 | €45,752 | +€17,560 | +62.3% |
| Recurring financial charges | 65 | €28,192 | €45,752 | +€17,560 | +62.3% |
| Profit (loss) for the period before taxes | 9903 | €176,808 | €133,365 | -€43,443 | -24.6% |
| Income taxes | 67/77 | - | €18,137 | +€18,137 | |
| Profit (loss) for the period | 9904 | €176,808 | €115,228 | -€61,580 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €176,808 | €115,228 | -€61,580 | -34.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.