HLP 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.
HLP CONSTRUCT
Largest movements
- Receivables within one year +€79,804
up €79,804 (+162%), from €49,223 to €129,027
of which Trade receivables: +€52,780
- Tangible fixed assets +€13,990
new in 2025: €13,990
- Cash +€10,555
up €10,555 (+132%), from €7,983 to €18,538
mainly Net result for the year (+€49,790) and Trade debts (+€48,634)
- Deferred charges and accrued income +€4,975
up €4,975 (+2,101%), from €237 to €5,211
- Trade debts +€48,634
up €48,634 (+162%), from €30,058 to €78,691
- Reserves +€33,000
up €33,000 (+123%), from €26,860 to €59,860
of which Distributable reserves: +€33,000
- Profit (loss) carried forward +€16,790
up €16,790, from -€16,706 to €84
- Tax, wage and social debts +€7,471
up €7,471 (+348%), from €2,147 to €9,618
of which Taxes: +€8,474
- Debts after one year +€6,305
new in 2025: €6,305
- Gross operating margin +€58,586
up €58,586 (+537%), from €10,916 to €69,502
- Taxes +€11,020
new in 2025: €11,020
- Depreciation +€5,470
new in 2025: €5,470
- Financial income +€2,312
new in 2025: €2,312
- Financial charges +€2,304
up €2,304 (+128%), from €1,800 to €4,104
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 | €57,805 | €167,129 | +€109,324 | +189% |
| Fixed assets | 21/28 | €363 | €14,353 | +€13,990 | +3,854% |
| Tangible fixed assets | 22/27 | - | €13,990 | +€13,990 | |
| Furniture and vehicles | 24 | - | €13,990 | +€13,990 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €57,442 | €152,776 | +€95,334 | +166% |
| Amounts receivable within one year | 40/41 | €49,223 | €129,027 | +€79,804 | +162% |
| Trade receivables | 40 | €24,280 | €77,060 | +€52,780 | +217% |
| Other amounts receivable | 41 | €24,943 | €51,967 | +€27,024 | +108% |
| Cash at bank and in hand | 54/58 | €7,983 | €18,538 | +€10,555 | +132% |
| Deferred charges and accrued income | 490/1 | €237 | €5,211 | +€4,975 | +2,101% |
| Total equity and liabilities | 10/49 | €57,805 | €167,129 | +€109,324 | +189% |
| Equity | 10/15 | €16,954 | €66,744 | +€49,790 | +294% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Contributions outside capital | 11 | €6,800 | €6,800 | = | 0.0% |
| Other | 1109/19 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €26,860 | €59,860 | +€33,000 | +123% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €58,000 | +€33,000 | +132% |
| Profit (loss) carried forward | 14 | -€16,706 | €84 | +€16,790 | |
| Amounts payable | 17/49 | €40,851 | €100,385 | +€59,534 | +146% |
| Amounts payable after more than one year | 17 | - | €6,305 | +€6,305 | |
| Financial debts | 170/4 | - | €6,305 | +€6,305 | |
| Amounts payable within one year | 42/48 | €40,604 | €93,460 | +€52,856 | +130% |
| Current portion of amounts payable after more than one year | 42 | €8,386 | €5,120 | -€3,267 | -39.0% |
| Financial debts | 43 | €14 | €32 | +€18 | +132% |
| Credit institutions | 430/8 | €14 | €32 | +€18 | +132% |
| Trade debts | 44 | €30,058 | €78,691 | +€48,634 | +162% |
| Suppliers | 440/4 | €30,058 | €78,691 | +€48,634 | +162% |
| Taxes, remuneration and social security | 45 | €2,147 | €9,618 | +€7,471 | +348% |
| Taxes | 450/3 | €1,144 | €9,618 | +€8,474 | +741% |
| Remuneration and social security | 454/9 | €1,003 | - | -€1,003 | |
| Accrued charges and deferred income | 492/3 | €247 | €620 | +€373 | +151% |
| Remuneration, social security and pensions | 62 | €163 | - | -€163 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,470 | +€5,470 | |
| Other operating charges | 640/8 | €876 | €1,429 | +€554 | +63.2% |
| Gross operating margin | 9900 | €10,916 | €69,502 | +€58,586 | +537% |
| Operating profit (loss) | 9901 | €9,877 | €62,602 | +€52,725 | +534% |
| Financial income | 75/76B | - | €2,312 | +€2,312 | |
| Recurring financial income | 75 | - | €2,312 | +€2,312 | |
| Financial charges | 65/66B | €1,800 | €4,104 | +€2,304 | +128% |
| Recurring financial charges | 65 | €1,800 | €4,104 | +€2,304 | +128% |
| Profit (loss) for the period before taxes | 9903 | €8,077 | €60,810 | +€52,733 | +653% |
| Income taxes | 67/77 | - | €11,020 | +€11,020 | |
| Profit (loss) for the period | 9904 | €8,077 | €49,790 | +€41,712 | +516% |
| Profit (loss) for the period to be appropriated | 9905 | €8,077 | €49,790 | +€41,712 | +516% |
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 13 October 2026 via checked.be.