HK BUILD: 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.
HK BUILD
Largest movements
- Stocks and contracts -€100,568
down €100,568 (-13.9%), from €721,204 to €620,636
- Receivables within one year +€34,093
up €34,093 (+131%), from €26,003 to €60,097
of which Other amounts receivable: +€33,161
- Profit (loss) carried forward -€86,260
down €86,260, from €17,629 to -€68,631
- Short-term financial debts -€86,000
down €86,000 (-18.3%), from €470,000 to €384,000
- Other debts +€83,459
up €83,459 (+70.6%), from €118,279 to €201,738
- Trade debts +€41,318
up €41,318 (+987%), from €4,187 to €45,505
- Tax, wage and social debts -€19,120
down €19,120 (-40.5%), from €47,245 to €28,125
of which Remuneration and social security: -€25,633
- Gross operating margin -€15,370
down €15,370 (-23.8%), from -€64,598 to -€79,967
- Other operating charges +€6,137
up €6,137 (+662%), from €928 to €7,065
- Financial income +€1,287
new in 2026: €1,287
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €757,341 | €690,737 | -€66,604 | -8.8% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €747,341 | €680,737 | -€66,604 | -8.9% |
| Stocks and contracts in progress | 3 | €721,204 | €620,636 | -€100,568 | -13.9% |
| Stocks | 30/36 | €721,204 | €620,636 | -€100,568 | -13.9% |
| Amounts receivable within one year | 40/41 | €26,003 | €60,097 | +€34,093 | +131% |
| Trade receivables | 40 | €8,544 | €9,477 | +€932 | +10.9% |
| Other amounts receivable | 41 | €17,459 | €50,620 | +€33,161 | +190% |
| Cash at bank and in hand | 54/58 | €133 | €4 | -€129 | -96.8% |
| Total equity and liabilities | 10/49 | €757,341 | €690,737 | -€66,604 | -8.8% |
| Equity | 10/15 | €117,629 | €31,369 | -€86,260 | -73.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,629 | -€68,631 | -€86,260 | |
| Amounts payable | 17/49 | €639,711 | €659,368 | +€19,656 | +3.1% |
| Amounts payable within one year | 42/48 | €639,711 | €659,368 | +€19,656 | +3.1% |
| Financial debts | 43 | €470,000 | €384,000 | -€86,000 | -18.3% |
| Credit institutions | 430/8 | €470,000 | €384,000 | -€86,000 | -18.3% |
| Trade debts | 44 | €4,187 | €45,505 | +€41,318 | +987% |
| Suppliers | 440/4 | €4,187 | €45,505 | +€41,318 | +987% |
| Taxes, remuneration and social security | 45 | €47,245 | €28,125 | -€19,120 | -40.5% |
| Taxes | 450/3 | €21,612 | €28,125 | +€6,513 | +30.1% |
| Remuneration and social security | 454/9 | €25,633 | - | -€25,633 | |
| Other amounts payable | 47/48 | €118,279 | €201,738 | +€83,459 | +70.6% |
| Other operating charges | 640/8 | €928 | €7,065 | +€6,137 | +662% |
| Gross operating margin | 9900 | -€64,598 | -€79,967 | -€15,370 | -23.8% |
| Operating profit (loss) | 9901 | -€65,525 | -€87,032 | -€21,507 | -32.8% |
| Financial income | 75/76B | - | €1,287 | +€1,287 | |
| Recurring financial income | 75 | - | €1,287 | +€1,287 | |
| Financial charges | 65/66B | €1,184 | €515 | -€669 | -56.5% |
| Recurring financial charges | 65 | €1,184 | €515 | -€669 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | -€66,709 | -€86,260 | -€19,551 | -29.3% |
| Profit (loss) for the period | 9904 | -€66,709 | -€86,260 | -€19,551 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,709 | -€86,260 | -€19,551 | -29.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.