HJC Construction: 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.
HJC Construction
Largest movements
- Cash -€34,946
down €34,946 (-64.3%), from €54,309 to €19,363
mainly Trade debts (-€31,122) and Current portion of long-term debt (-€18,002)
- Receivables within one year +€17,498
up €17,498 (+8.0%), from €219,784 to €237,282
of which Trade receivables: +€17,614
- Trade debts -€31,122
down €31,122 (-31.3%), from €99,540 to €68,418
- Reserves +€27,800
up €27,800 (+1,495%), from €1,860 to €29,660
- Current portion of long-term debt -€18,002
no longer reported in 2025 (was €18,002)
- Tax, wage and social debts +€3,817
up €3,817 (+71.4%), from €5,346 to €9,162
of which Taxes: +€3,817
- Gross operating margin +€90,157
up €90,157 (+1,687%), from €5,344 to €95,501
- Write-downs +€51,206
new in 2025: €51,206
- Taxes +€8,689
up €8,689 (+6,788%), from €128 to €8,817
- Other operating charges +€6,227
up €6,227 (+402%), from €1,548 to €7,775
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 | €277,320 | €259,984 | -€17,336 | -6.3% |
| Fixed assets | 21/28 | €862 | €490 | -€372 | -43.2% |
| Tangible fixed assets | 22/27 | €862 | €490 | -€372 | -43.2% |
| Plant, machinery and equipment | 23 | €862 | €490 | -€372 | -43.2% |
| Current assets | 29/58 | €276,457 | €259,494 | -€16,964 | -6.1% |
| Amounts receivable within one year | 40/41 | €219,784 | €237,282 | +€17,498 | +8.0% |
| Trade receivables | 40 | €188,125 | €205,739 | +€17,614 | +9.4% |
| Other amounts receivable | 41 | €31,659 | €31,543 | -€116 | -0.4% |
| Cash at bank and in hand | 54/58 | €54,309 | €19,363 | -€34,946 | -64.3% |
| Deferred charges and accrued income | 490/1 | €2,365 | €2,849 | +€484 | +20.5% |
| Total equity and liabilities | 10/49 | €277,320 | €259,984 | -€17,336 | -6.3% |
| Equity | 10/15 | €151,393 | €179,249 | +€27,856 | +18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €29,660 | +€27,800 | +1,495% |
| Distributable reserves | 133 | €1,860 | €29,660 | +€27,800 | +1,495% |
| Profit (loss) carried forward | 14 | €130,933 | €130,989 | +€56 | 0.0% |
| Amounts payable | 17/49 | €125,927 | €80,735 | -€45,192 | -35.9% |
| Amounts payable within one year | 42/48 | €125,927 | €80,735 | -€45,192 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €18,002 | - | -€18,002 | |
| Trade debts | 44 | €99,540 | €68,418 | -€31,122 | -31.3% |
| Suppliers | 440/4 | €99,540 | €68,418 | -€31,122 | -31.3% |
| Taxes, remuneration and social security | 45 | €5,346 | €9,162 | +€3,817 | +71.4% |
| Taxes | 450/3 | €846 | €4,662 | +€3,817 | +451% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,039 | €3,154 | +€115 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | €372 | -€565 | -60.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €51,206 | +€51,206 | |
| Other operating charges | 640/8 | €1,548 | €7,775 | +€6,227 | +402% |
| Gross operating margin | 9900 | €5,344 | €95,501 | +€90,157 | +1,687% |
| Operating profit (loss) | 9901 | €2,858 | €36,148 | +€33,290 | +1,165% |
| Financial income | 75/76B | - | €658 | +€658 | |
| Recurring financial income | 75 | - | €658 | +€658 | |
| Financial charges | 65/66B | €1,028 | €133 | -€895 | -87.0% |
| Recurring financial charges | 65 | €1,028 | €133 | -€895 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €1,830 | €36,672 | +€34,843 | +1,904% |
| Income taxes | 67/77 | €128 | €8,817 | +€8,689 | +6,788% |
| Profit (loss) for the period | 9904 | €1,702 | €27,856 | +€26,154 | +1,537% |
| Profit (loss) for the period to be appropriated | 9905 | €1,702 | €27,856 | +€26,154 | +1,537% |
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 19 October 2026 via checked.be.