HMZ 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.
HMZ CONSTRUCT
Largest movements
- Stocks and contracts +€127,132
new in 2025: €127,132
- Receivables within one year -€15,799
down €15,799 (-93.5%), from €16,899 to €1,100
of which Trade receivables: -€9,250
- Other debts +€81,203
new in 2025: €81,203
- Profit (loss) carried forward +€18,377
up €18,377, from -€3,202 to €15,175
- Trade debts +€9,741
up €9,741 (+95.6%), from €10,185 to €19,926
- Tax, wage and social debts +€3,880
new in 2025: €3,880
- Gross operating margin +€26,091
up €26,091, from -€3,334 to €22,757
- Taxes +€3,794
new in 2025: €3,794
- Depreciation +€407
new in 2025: €407
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 | €16,983 | €130,184 | +€113,200 | +667% |
| Fixed assets | 21/28 | - | €889 | +€889 | |
| Tangible fixed assets | 22/27 | - | €889 | +€889 | |
| Furniture and vehicles | 24 | - | €889 | +€889 | |
| Current assets | 29/58 | €16,983 | €129,294 | +€112,311 | +661% |
| Stocks and contracts in progress | 3 | - | €127,132 | +€127,132 | |
| Stocks | 30/36 | - | €127,132 | +€127,132 | |
| Amounts receivable within one year | 40/41 | €16,899 | €1,100 | -€15,799 | -93.5% |
| Trade receivables | 40 | €10,250 | €1,000 | -€9,250 | -90.2% |
| Other amounts receivable | 41 | €6,649 | €100 | -€6,549 | -98.5% |
| Cash at bank and in hand | 54/58 | €84 | €1,063 | +€978 | +1,163% |
| Total equity and liabilities | 10/49 | €16,983 | €130,184 | +€113,200 | +667% |
| Equity | 10/15 | €6,798 | €25,175 | +€18,377 | +270% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,202 | €15,175 | +€18,377 | |
| Amounts payable | 17/49 | €10,185 | €105,009 | +€94,824 | +931% |
| Amounts payable within one year | 42/48 | €10,185 | €105,009 | +€94,824 | +931% |
| Trade debts | 44 | €10,185 | €19,926 | +€9,741 | +95.6% |
| Suppliers | 440/4 | €10,185 | €19,926 | +€9,741 | +95.6% |
| Taxes, remuneration and social security | 45 | - | €3,880 | +€3,880 | |
| Taxes | 450/3 | - | €3,880 | +€3,880 | |
| Other amounts payable | 47/48 | - | €81,203 | +€81,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €407 | +€407 | |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€3,334 | €22,757 | +€26,091 | |
| Operating profit (loss) | 9901 | -€3,396 | €22,288 | +€25,684 | |
| Financial income | 75/76B | €193 | €0 | -€192 | -99.9% |
| Recurring financial income | 75 | €193 | €0 | -€192 | -99.9% |
| Financial charges | 65/66B | -€2 | €117 | +€119 | |
| Recurring financial charges | 65 | -€2 | €117 | +€119 | |
| Profit (loss) for the period before taxes | 9903 | -€3,202 | €22,170 | +€25,372 | |
| Income taxes | 67/77 | - | €3,794 | +€3,794 | |
| Profit (loss) for the period | 9904 | -€3,202 | €18,377 | +€21,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,202 | €18,377 | +€21,578 |
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 15 October 2026 via checked.be.