HMN Bouw: 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.
HMN Bouw
Largest movements
- Cash -€27,904
down €27,904 (-71.7%), from €38,941 to €11,037
mainly Net result for the year (-€31,101) and Debts after one year (-€17,714)
- Tangible fixed assets -€10,995
down €10,995 (-12.4%), from €88,662 to €77,667
of which Furniture and vehicles: -€9,399
- Receivables within one year +€2,233
up €2,233 (+40.2%), from €5,548 to €7,781
of which Other amounts receivable: +€4,872
- Profit (loss) carried forward -€31,101
down €31,101 (-63.3%), from €49,120 to €18,019
- Short-term financial debts +€31,032
up €31,032 (+186%), from €16,681 to €47,714
- Debts after one year -€17,714
down €17,714 (-45.3%), from €39,093 to €21,379
- Trade debts -€11,519
down €11,519 (-88.9%), from €12,958 to €1,440
- Tax, wage and social debts -€7,366
down €7,366 (-55.4%), from €13,300 to €5,934
- Gross operating margin -€34,305
down €34,305, from €31,715 to -€2,591
- Depreciation +€8,369
up €8,369 (+61.8%), from €13,542 to €21,910
- Taxes -€2,822
down €2,822, from €2,800 to -€22
- Other operating charges -€2,109
down €2,109 (-44.9%), from €4,702 to €2,593
- Financial charges +€992
up €992 (+29.9%), from €3,318 to €4,310
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 | €133,152 | €96,485 | -€36,667 | -27.5% |
| Fixed assets | 21/28 | €88,662 | €77,667 | -€10,995 | -12.4% |
| Tangible fixed assets | 22/27 | €88,662 | €77,667 | -€10,995 | -12.4% |
| Plant, machinery and equipment | 23 | €9,368 | €7,771 | -€1,597 | -17.0% |
| Furniture and vehicles | 24 | €79,294 | €69,895 | -€9,399 | -11.9% |
| Current assets | 29/58 | €44,490 | €18,818 | -€25,671 | -57.7% |
| Amounts receivable within one year | 40/41 | €5,548 | €7,781 | +€2,233 | +40.2% |
| Trade receivables | 40 | €2,890 | €251 | -€2,639 | -91.3% |
| Other amounts receivable | 41 | €2,658 | €7,530 | +€4,872 | +183% |
| Cash at bank and in hand | 54/58 | €38,941 | €11,037 | -€27,904 | -71.7% |
| Total equity and liabilities | 10/49 | €133,152 | €96,485 | -€36,667 | -27.5% |
| Equity | 10/15 | €51,120 | €20,019 | -€31,101 | -60.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,120 | €18,019 | -€31,101 | -63.3% |
| Amounts payable | 17/49 | €82,032 | €76,466 | -€5,566 | -6.8% |
| Amounts payable after more than one year | 17 | €39,093 | €21,379 | -€17,714 | -45.3% |
| Financial debts | 170/4 | €39,093 | €21,379 | -€17,714 | -45.3% |
| Amounts payable within one year | 42/48 | €42,940 | €55,087 | +€12,147 | +28.3% |
| Financial debts | 43 | €16,681 | €47,714 | +€31,032 | +186% |
| Credit institutions | 430/8 | €16,681 | €47,714 | +€31,032 | +186% |
| Trade debts | 44 | €12,958 | €1,440 | -€11,519 | -88.9% |
| Suppliers | 440/4 | €12,958 | €1,440 | -€11,519 | -88.9% |
| Taxes, remuneration and social security | 45 | €13,300 | €5,934 | -€7,366 | -55.4% |
| Taxes | 450/3 | €13,300 | €5,934 | -€7,366 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,542 | €21,910 | +€8,369 | +61.8% |
| Other operating charges | 640/8 | €4,702 | €2,593 | -€2,109 | -44.9% |
| Gross operating margin | 9900 | €31,715 | -€2,591 | -€34,305 | |
| Operating profit (loss) | 9901 | €13,471 | -€27,094 | -€40,565 | |
| Financial income | 75/76B | €11 | €281 | +€271 | +2,506% |
| Recurring financial income | 75 | €11 | €281 | +€271 | +2,506% |
| Financial charges | 65/66B | €3,318 | €4,310 | +€992 | +29.9% |
| Recurring financial charges | 65 | €3,318 | €4,310 | +€992 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €10,164 | -€31,123 | -€41,287 | |
| Income taxes | 67/77 | €2,800 | -€22 | -€2,822 | |
| Profit (loss) for the period | 9904 | €7,364 | -€31,101 | -€38,465 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,364 | -€31,101 | -€38,465 |
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 28 October 2026 via checked.be.