HMA Construct: what changed
Two fiscal 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.
HMA Construct
Largest movements
- Receivables within one year +€5,257
up €5,257 (+26.8%), from €19,597 to €24,854
of which Other amounts receivable: +€13,586
- Cash +€4,996
up €4,996 (+24.6%), from €20,303 to €25,298
mainly Net result for the year (+€12,240) and Depreciation (+€1,833)
- Tangible fixed assets -€1,833
down €1,833 (-61.2%), from €2,998 to €1,164
- Profit (loss) carried forward +€12,240
up €12,240 (+37.3%), from €32,852 to €45,093
- Other debts -€2,498
down €2,498 (-99.9%), from €2,500 to €2
- Trade debts -€1,260
down €1,260 (-71.8%), from €1,756 to €495
- Purchases and services +€56,196
new in 2024: €56,196
- Gross operating margin -€7,629
down €7,629 (-27.5%), from €27,734 to €20,105
- Write-downs -€5,851
no longer reported in 2024 (was €5,851)
- Taxes +€2,272
up €2,272 (+47.5%), from €4,783 to €7,056
- Financial income +€1,273
new in 2024: €1,273
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,399 | €51,793 | +€8,394 | +19.3% |
| Fixed assets | 21/28 | €2,998 | €1,164 | -€1,833 | -61.2% |
| Tangible fixed assets | 22/27 | €2,998 | €1,164 | -€1,833 | -61.2% |
| Furniture and vehicles | 24 | €2,998 | €1,164 | -€1,833 | -61.2% |
| Current assets | 29/58 | €40,402 | €50,629 | +€10,227 | +25.3% |
| Amounts receivable within one year | 40/41 | €19,597 | €24,854 | +€5,257 | +26.8% |
| Trade receivables | 40 | €9,528 | €1,200 | -€8,328 | -87.4% |
| Other amounts receivable | 41 | €10,069 | €23,654 | +€13,586 | +134.9% |
| Cash at bank and in hand | 54/58 | €20,303 | €25,298 | +€4,996 | +24.6% |
| Deferred charges and accrued income | 490/1 | €502 | €476 | -€26 | -5.1% |
| Total equity and liabilities | 10/49 | €43,399 | €51,793 | +€8,394 | +19.3% |
| Equity | 10/15 | €32,852 | €45,093 | +€12,240 | +37.3% |
| Profit (loss) carried forward | 14 | €32,852 | €45,093 | +€12,240 | +37.3% |
| Amounts payable | 17/49 | €10,547 | €6,700 | -€3,847 | -36.5% |
| Amounts payable within one year | 42/48 | €10,547 | €6,700 | -€3,847 | -36.5% |
| Trade debts | 44 | €1,756 | €495 | -€1,260 | -71.8% |
| Suppliers | 440/4 | €1,756 | €495 | -€1,260 | -71.8% |
| Taxes, remuneration and social security | 45 | €6,291 | €6,203 | -€88 | -1.4% |
| Taxes | 450/3 | €4,630 | €6,203 | +€1,573 | +34.0% |
| Remuneration and social security | 454/9 | €1,662 | - | -€1,662 | |
| Other amounts payable | 47/48 | €2,500 | €2 | -€2,498 | -99.9% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €56,196 | +€56,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | €1,833 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,851 | - | -€5,851 | |
| Gross operating margin | 9900 | €27,734 | €20,105 | -€7,629 | -27.5% |
| Operating profit (loss) | 9901 | €20,050 | €18,272 | -€1,778 | -8.9% |
| Financial income | 75/76B | - | €1,273 | +€1,273 | |
| Recurring financial income | 75 | - | €1,273 | +€1,273 | |
| Financial charges | 65/66B | €130 | €249 | +€119 | +91.3% |
| Recurring financial charges | 65 | €130 | €249 | +€119 | +91.3% |
| Profit (loss) for the period before taxes | 9903 | €19,920 | €19,296 | -€624 | -3.1% |
| Income taxes | 67/77 | €4,783 | €7,056 | +€2,272 | +47.5% |
| Profit (loss) for the period | 9904 | €15,136 | €12,240 | -€2,896 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,136 | €12,240 | -€2,896 | -19.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.