HISAR 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.
HISAR CONSTRUCT
Largest movements
- Cash +€212,809
up €212,809 (+270.1%), from €78,778 to €291,587
mainly Net result for the year (+€175,781) and Debts after one year (+€102,193)
- Receivables within one year +€190,029
up €190,029 (+38.1%), from €498,546 to €688,575
of which Trade receivables: +€188,737
- Tangible fixed assets +€40,287
up €40,287 (+26.3%), from €152,915 to €193,201
of which Furniture and vehicles: +€53,987
- Deferred charges and accrued income +€18,111
up €18,111 (+117.1%), from €15,460 to €33,570
- Reserves +€242,856
new in 2025: €242,856
- Profit (loss) carried forward -€167,075
no longer reported in 2025 (was €167,075)
- Debts after one year +€102,193
up €102,193 (+83.8%), from €121,984 to €224,177
- Other debts +€100,058
up €100,058 (+80046.6%), from €125 to €100,183
- Trade debts +€87,289
up €87,289 (+24.9%), from €351,255 to €438,544
- Gross operating margin +€298,728
up €298,728 (+90.0%), from €331,900 to €630,628
- Staff costs +€128,184
up €128,184 (+98.1%), from €130,730 to €258,913
- Taxes +€48,115
up €48,115 (+266.9%), from €18,030 to €66,145
- Financial charges +€38,667
up €38,667 (+561.4%), from €6,887 to €45,554
- Write-downs +€36,108
new in 2025: €36,108
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 | €747,498 | €1,208,733 | +€461,235 | +61.7% |
| Fixed assets | 21/28 | €154,715 | €195,001 | +€40,287 | +26.0% |
| Tangible fixed assets | 22/27 | €152,915 | €193,201 | +€40,287 | +26.3% |
| Plant, machinery and equipment | 23 | €63,245 | €49,545 | -€13,700 | -21.7% |
| Furniture and vehicles | 24 | €89,669 | €143,656 | +€53,987 | +60.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €592,783 | €1,013,732 | +€420,949 | +71.0% |
| Amounts receivable within one year | 40/41 | €498,546 | €688,575 | +€190,029 | +38.1% |
| Trade receivables | 40 | €495,742 | €684,479 | +€188,737 | +38.1% |
| Other amounts receivable | 41 | €2,804 | €4,096 | +€1,293 | +46.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €78,778 | €291,587 | +€212,809 | +270.1% |
| Deferred charges and accrued income | 490/1 | €15,460 | €33,570 | +€18,111 | +117.1% |
| Total equity and liabilities | 10/49 | €747,498 | €1,208,733 | +€461,235 | +61.7% |
| Equity | 10/15 | €185,675 | €261,456 | +€75,781 | +40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €242,856 | +€242,856 | |
| Distributable reserves | 133 | - | €242,856 | +€242,856 | |
| Profit (loss) carried forward | 14 | €167,075 | - | -€167,075 | |
| Amounts payable | 17/49 | €561,823 | €947,277 | +€385,454 | +68.6% |
| Amounts payable after more than one year | 17 | €121,984 | €224,177 | +€102,193 | +83.8% |
| Financial debts | 170/4 | €121,984 | €224,177 | +€102,193 | +83.8% |
| Amounts payable within one year | 42/48 | €439,839 | €723,100 | +€283,261 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €33,268 | €75,406 | +€42,137 | +126.7% |
| Trade debts | 44 | €351,255 | €438,544 | +€87,289 | +24.9% |
| Suppliers | 440/4 | €351,255 | €438,544 | +€87,289 | +24.9% |
| Taxes, remuneration and social security | 45 | €55,190 | €108,967 | +€53,777 | +97.4% |
| Taxes | 450/3 | €34,412 | €66,444 | +€32,032 | +93.1% |
| Remuneration and social security | 454/9 | €20,778 | €42,523 | +€21,745 | +104.7% |
| Other amounts payable | 47/48 | €125 | €100,183 | +€100,058 | +80046.6% |
| Remuneration, social security and pensions | 62 | €130,730 | €258,913 | +€128,184 | +98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,496 | €40,715 | +€25,219 | +162.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €36,108 | +€36,108 | |
| Other operating charges | 640/8 | €6,536 | €8,136 | +€1,599 | +24.5% |
| Non-recurring operating charges | 66A | €106,024 | - | -€106,024 | |
| Gross operating margin | 9900 | €331,900 | €630,628 | +€298,728 | +90.0% |
| Operating profit (loss) | 9901 | €73,114 | €286,756 | +€213,642 | +292.2% |
| Financial income | 75/76B | €301 | €725 | +€423 | +140.6% |
| Recurring financial income | 75 | €301 | €725 | +€423 | +140.6% |
| Financial charges | 65/66B | €6,887 | €45,554 | +€38,667 | +561.4% |
| Recurring financial charges | 65 | €6,887 | €45,554 | +€38,667 | +561.4% |
| Profit (loss) for the period before taxes | 9903 | €66,528 | €241,927 | +€175,399 | +263.6% |
| Income taxes | 67/77 | €18,030 | €66,145 | +€48,115 | +266.9% |
| Profit (loss) for the period | 9904 | €48,498 | €175,781 | +€127,283 | +262.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,498 | €175,781 | +€127,283 | +262.5% |
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.