HMT Construct: what changed
HMT Construct
Largest movements
- Receivables within one year +€22,944
up €22,944 (+32.6%), from €70,395 to €93,339
of which Other amounts receivable: +€23,183
- Tangible fixed assets -€6,897
down €6,897 (-42.0%), from €16,423 to €9,526
of which Plant, machinery and equipment: -€4,029
- Cash +€2,881
up €2,881 (+40.9%), from €7,045 to €9,926
mainly Trade debts (+€7,233) and Depreciation (+€6,897)
- Deferred charges and accrued income -€1,490
down €1,490 (-64.6%), from €2,307 to €817
- Trade debts +€7,233
up €7,233 (+35.4%), from €20,406 to €27,639
- Tax, wage and social debts +€5,427
up €5,427 (+526%), from €1,031 to €6,459
of which Remuneration and social security: +€3,069
- Profit (loss) carried forward +€5,268
no longer reported in 2025 (was -€5,268)
- Accrued charges and deferred income -€1,865
no longer reported in 2025 (was €1,865)
- Staff costs +€22,325
up €22,325 (+181%), from €12,303 to €34,627
- Gross operating margin +€15,989
up €15,989 (+47.9%), from €33,346 to €49,335
- Taxes +€1,665
up €1,665 (+191%), from €872 to €2,537
- Other operating charges -€1,533
down €1,533 (-34.0%), from €4,507 to €2,975
- Financial income +€1,388
up €1,388 (+46.4%), from €2,991 to €4,379
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,826 | €116,263 | +€17,437 | +17.6% |
| Fixed assets | 21/28 | €19,078 | €12,181 | -€6,897 | -36.2% |
| Tangible fixed assets | 22/27 | €16,423 | €9,526 | -€6,897 | -42.0% |
| Plant, machinery and equipment | 23 | €11,805 | €7,776 | -€4,029 | -34.1% |
| Furniture and vehicles | 24 | €4,618 | €1,750 | -€2,868 | -62.1% |
| Financial fixed assets | 28 | €2,655 | €2,655 | = | 0.0% |
| Current assets | 29/58 | €79,748 | €104,083 | +€24,335 | +30.5% |
| Amounts receivable within one year | 40/41 | €70,395 | €93,339 | +€22,944 | +32.6% |
| Trade receivables | 40 | €9,659 | €9,420 | -€239 | -2.5% |
| Other amounts receivable | 41 | €60,736 | €83,919 | +€23,183 | +38.2% |
| Cash at bank and in hand | 54/58 | €7,045 | €9,926 | +€2,881 | +40.9% |
| Deferred charges and accrued income | 490/1 | €2,307 | €817 | -€1,490 | -64.6% |
| Total equity and liabilities | 10/49 | €98,826 | €116,263 | +€17,437 | +17.6% |
| Equity | 10/15 | €75,523 | €81,895 | +€6,371 | +8.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €78,292 | €79,395 | +€1,103 | +1.4% |
| Distributable reserves | 133 | €78,292 | €79,395 | +€1,103 | +1.4% |
| Profit (loss) carried forward | 14 | -€5,268 | - | +€5,268 | |
| Amounts payable | 17/49 | €23,302 | €34,369 | +€11,066 | +47.5% |
| Amounts payable within one year | 42/48 | €21,437 | €34,369 | +€12,931 | +60.3% |
| Trade debts | 44 | €20,406 | €27,639 | +€7,233 | +35.4% |
| Suppliers | 440/4 | €20,406 | €27,639 | +€7,233 | +35.4% |
| Taxes, remuneration and social security | 45 | €1,031 | €6,459 | +€5,427 | +526% |
| Taxes | 450/3 | €1,031 | €3,389 | +€2,358 | +229% |
| Remuneration and social security | 454/9 | - | €3,069 | +€3,069 | |
| Other amounts payable | 47/48 | - | €271 | +€271 | |
| Accrued charges and deferred income | 492/3 | €1,865 | - | -€1,865 | |
| Remuneration, social security and pensions | 62 | €12,303 | €34,627 | +€22,325 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,535 | €6,897 | -€637 | -8.5% |
| Other operating charges | 640/8 | €4,507 | €2,975 | -€1,533 | -34.0% |
| Gross operating margin | 9900 | €33,346 | €49,335 | +€15,989 | +47.9% |
| Operating profit (loss) | 9901 | €9,001 | €4,835 | -€4,166 | -46.3% |
| Financial income | 75/76B | €2,991 | €4,379 | +€1,388 | +46.4% |
| Recurring financial income | 75 | €2,991 | €4,379 | +€1,388 | +46.4% |
| Financial charges | 65/66B | €1,503 | €305 | -€1,198 | -79.7% |
| Recurring financial charges | 65 | €1,503 | €305 | -€1,198 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €10,489 | €8,909 | -€1,580 | -15.1% |
| Income taxes | 67/77 | €872 | €2,537 | +€1,665 | +191% |
| Profit (loss) for the period | 9904 | €9,616 | €6,371 | -€3,245 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,616 | €6,371 | -€3,245 | -33.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.