HNJ 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.
HNJ CONSTRUCT
Largest movements
- Receivables within one year -€19,453
down €19,453 (-68.5%), from €28,407 to €8,954
of which Trade receivables: -€14,834
- Intangible fixed assets -€2,850
down €2,850 (-13.9%), from €20,512 to €17,662
- Deferred charges and accrued income +€831
up €831 (+178.2%), from €466 to €1,297
- Profit (loss) carried forward -€20,322
down €20,322, from €18,937 to -€1,385
- Trade debts +€9,415
up €9,415 (+1101.5%), from €855 to €10,270
- Current portion of long-term debt -€5,497
down €5,497 (-74.6%), from €7,373 to €1,875
- Other debts -€5,185
down €5,185 (-78.4%), from €6,617 to €1,431
- Debts after one year -€1,875
no longer reported in 2025 (was €1,875)
- Gross operating margin +€5,129
up €5,129 (+85.3%), from €6,013 to €11,142
- Staff costs -€2,995
down €2,995 (-12.0%), from €24,883 to €21,888
- Financial charges +€1,482
up €1,482 (+227.5%), from €652 to €2,134
- Depreciation +€201
up €201 (+3.0%), from €6,670 to €6,871
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,682 | €36,251 | -€21,430 | -37.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,834 | €25,225 | -€2,608 | -9.4% |
| Intangible fixed assets | 21 | €20,512 | €17,662 | -€2,850 | -13.9% |
| Tangible fixed assets | 22/27 | €5,312 | €5,553 | +€242 | +4.6% |
| Land and buildings | 22 | - | €1,937 | +€1,937 | |
| Plant, machinery and equipment | 23 | €5,025 | €3,413 | -€1,612 | -32.1% |
| Furniture and vehicles | 24 | €287 | €204 | -€83 | -29.0% |
| Financial fixed assets | 28 | €2,010 | €2,010 | = | 0.0% |
| Current assets | 29/58 | €29,848 | €11,026 | -€18,822 | -63.1% |
| Stocks and contracts in progress | 3 | €975 | €775 | -€200 | -20.5% |
| Stocks | 30/36 | €975 | €775 | -€200 | -20.5% |
| Amounts receivable within one year | 40/41 | €28,407 | €8,954 | -€19,453 | -68.5% |
| Trade receivables | 40 | €22,480 | €7,646 | -€14,834 | -66.0% |
| Other amounts receivable | 41 | €5,926 | €1,308 | -€4,619 | -77.9% |
| Deferred charges and accrued income | 490/1 | €466 | €1,297 | +€831 | +178.2% |
| Total equity and liabilities | 10/49 | €57,682 | €36,251 | -€21,430 | -37.2% |
| Equity | 10/15 | €22,937 | €2,615 | -€20,322 | -88.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,937 | -€1,385 | -€20,322 | |
| Amounts payable | 17/49 | €34,745 | €33,637 | -€1,108 | -3.2% |
| Amounts payable after more than one year | 17 | €1,875 | - | -€1,875 | |
| Financial debts | 170/4 | €1,875 | - | -€1,875 | |
| Amounts payable within one year | 42/48 | €32,869 | €33,637 | +€768 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €7,373 | €1,875 | -€5,497 | -74.6% |
| Financial debts | 43 | €15,458 | €17,215 | +€1,757 | +11.4% |
| Credit institutions | 430/8 | €15,458 | €17,215 | +€1,757 | +11.4% |
| Trade debts | 44 | €855 | €10,270 | +€9,415 | +1101.5% |
| Suppliers | 440/4 | €855 | €10,270 | +€9,415 | +1101.5% |
| Taxes, remuneration and social security | 45 | €2,567 | €2,845 | +€278 | +10.8% |
| Taxes | 450/3 | €850 | €1,700 | +€850 | +100.0% |
| Remuneration and social security | 454/9 | €1,717 | €1,145 | -€572 | -33.3% |
| Other amounts payable | 47/48 | €6,617 | €1,431 | -€5,185 | -78.4% |
| Remuneration, social security and pensions | 62 | €24,883 | €21,888 | -€2,995 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,670 | €6,871 | +€201 | +3.0% |
| Other operating charges | 640/8 | €760 | €674 | -€86 | -11.3% |
| Gross operating margin | 9900 | €6,013 | €11,142 | +€5,129 | +85.3% |
| Operating profit (loss) | 9901 | -€26,300 | -€18,292 | +€8,009 | +30.5% |
| Financial income | 75/76B | €2 | €103 | +€101 | +5093.5% |
| Recurring financial income | 75 | €2 | €103 | +€101 | +5093.5% |
| Financial charges | 65/66B | €652 | €2,134 | +€1,482 | +227.5% |
| Recurring financial charges | 65 | €652 | €2,134 | +€1,482 | +227.5% |
| Profit (loss) for the period before taxes | 9903 | -€26,950 | -€20,322 | +€6,627 | +24.6% |
| Profit (loss) for the period | 9904 | -€26,950 | -€20,322 | +€6,627 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,950 | -€20,322 | +€6,627 | +24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.