HK 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.
HK CONSTRUCTION
Largest movements
- Cash +€24,361
up €24,361 (+560%), from €4,350 to €28,711
mainly Net result for the year (+€36,003) and Receivables within one year (+€20,177)
- Receivables within one year -€20,177
down €20,177 (-23.6%), from €85,484 to €65,307
of which Trade receivables: -€16,234
- Tangible fixed assets -€11,113
down €11,113 (-32.5%), from €34,230 to €23,117
- Trade debts -€31,198
down €31,198 (-53.3%), from €58,524 to €27,326
- Debts after one year +€20,143
up €20,143 (+40.0%), from €50,344 to €70,487
- Tax, wage and social debts +€8,574
up €8,574 (+142%), from €6,022 to €14,596
of which Taxes: +€6,256
- Profit (loss) carried forward -€2,743
no longer reported in 2025 (was €2,743)
- Accrued charges and deferred income -€2,541
down €2,541 (-91.7%), from €2,771 to €230
- Gross operating margin +€99,820
up €99,820 (+59.3%), from €168,238 to €268,058
- Staff costs +€10,083
up €10,083 (+5.1%), from €198,401 to €208,484
- Other operating charges +€5,167
up €5,167 (+751%), from €688 to €5,855
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 | €133,698 | €126,936 | -€6,762 | -5.1% |
| Formation expenses | 20 | €621 | €369 | -€252 | -40.6% |
| Fixed assets | 21/28 | €36,062 | €25,676 | -€10,386 | -28.8% |
| Intangible fixed assets | 21 | €275 | €175 | -€100 | -36.4% |
| Tangible fixed assets | 22/27 | €34,230 | €23,117 | -€11,113 | -32.5% |
| Plant, machinery and equipment | 23 | €23,095 | €18,524 | -€4,571 | -19.8% |
| Furniture and vehicles | 24 | €3,375 | - | -€3,375 | |
| Leasing and similar rights | 25 | €7,760 | €4,593 | -€3,167 | -40.8% |
| Financial fixed assets | 28 | €1,557 | €2,384 | +€827 | +53.1% |
| Current assets | 29/58 | €97,015 | €100,891 | +€3,876 | +4.0% |
| Stocks and contracts in progress | 3 | €1,482 | €1,234 | -€249 | -16.8% |
| Stocks | 30/36 | €1,482 | €1,234 | -€249 | -16.8% |
| Amounts receivable within one year | 40/41 | €85,484 | €65,307 | -€20,177 | -23.6% |
| Trade receivables | 40 | €69,780 | €53,545 | -€16,234 | -23.3% |
| Other amounts receivable | 41 | €15,705 | €11,761 | -€3,943 | -25.1% |
| Cash at bank and in hand | 54/58 | €4,350 | €28,711 | +€24,361 | +560% |
| Deferred charges and accrued income | 490/1 | €5,699 | €5,640 | -€59 | -1.0% |
| Total equity and liabilities | 10/49 | €133,698 | €126,936 | -€6,762 | -5.1% |
| Equity | 10/15 | €7,743 | €5,000 | -€2,743 | -35.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,743 | - | -€2,743 | |
| Amounts payable | 17/49 | €125,955 | €121,936 | -€4,019 | -3.2% |
| Amounts payable after more than one year | 17 | €50,344 | €70,487 | +€20,143 | +40.0% |
| Financial debts | 170/4 | €50,344 | €70,487 | +€20,143 | +40.0% |
| Amounts payable within one year | 42/48 | €72,840 | €51,218 | -€21,622 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €8,294 | €8,734 | +€441 | +5.3% |
| Financial debts | 43 | - | €562 | +€562 | |
| Credit institutions | 430/8 | - | €562 | +€562 | |
| Trade debts | 44 | €58,524 | €27,326 | -€31,198 | -53.3% |
| Suppliers | 440/4 | €58,524 | €27,326 | -€31,198 | -53.3% |
| Taxes, remuneration and social security | 45 | €6,022 | €14,596 | +€8,574 | +142% |
| Taxes | 450/3 | €325 | €6,582 | +€6,256 | +1,924% |
| Remuneration and social security | 454/9 | €5,697 | €8,015 | +€2,318 | +40.7% |
| Accrued charges and deferred income | 492/3 | €2,771 | €230 | -€2,541 | -91.7% |
| Remuneration, social security and pensions | 62 | €198,401 | €208,484 | +€10,083 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,409 | €13,793 | -€616 | -4.3% |
| Other operating charges | 640/8 | €688 | €5,855 | +€5,167 | +751% |
| Gross operating margin | 9900 | €168,238 | €268,058 | +€99,820 | +59.3% |
| Operating profit (loss) | 9901 | -€45,260 | €39,927 | +€85,186 | |
| Financial income | 75/76B | €411 | €55 | -€356 | -86.6% |
| Recurring financial income | 75 | €411 | €55 | -€356 | -86.6% |
| Financial charges | 65/66B | €5,853 | €3,681 | -€2,171 | -37.1% |
| Recurring financial charges | 65 | €5,853 | €3,681 | -€2,171 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,701 | €36,300 | +€87,001 | |
| Income taxes | 67/77 | €325 | €297 | -€28 | -8.5% |
| Profit (loss) for the period | 9904 | -€51,026 | €36,003 | +€87,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,026 | €36,003 | +€87,029 |
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 14 October 2026 via checked.be.