HOGAS CONSTRUCTION: 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.
HOGAS CONSTRUCTION
Largest movements
- Tangible fixed assets -€6,046
down €6,046 (-23.6%), from €25,609 to €19,563
of which Plant, machinery and equipment: -€5,158
- Deferred charges and accrued income +€2,456
up €2,456 (+524.6%), from €468 to €2,924
- Receivables within one year -€1,131
down €1,131 (-11.6%), from €9,790 to €8,658
of which Trade receivables: -€1,051
- Stocks and contracts -€700
down €700 (-8.2%), from €8,500 to €7,800
- Debts after one year -€4,969
down €4,969 (-30.8%), from €16,113 to €11,145
- Profit (loss) carried forward -€3,621
down €3,621 (-39.4%), from €9,179 to €5,559
- Short-term financial debts +€3,619
up €3,619 (+397.3%), from €911 to €4,530
- Other debts -€1,608
down €1,608 (-100.0%), from €1,608 to €0
- Trade debts +€1,140
up €1,140 (+45.7%), from €2,491 to €3,631
- Gross operating margin -€6,842
down €6,842 (-55.3%), from €12,366 to €5,524
- Depreciation -€295
down €295 (-4.2%), from €6,960 to €6,665
- Taxes -€250
down €250 (-100.0%), from €250 to €0
- Financial charges -€209
down €209 (-11.1%), from €1,885 to €1,676
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
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 | €47,597 | €42,432 | -€5,165 | -10.9% |
| Fixed assets | 21/28 | €26,109 | €20,063 | -€6,046 | -23.2% |
| Tangible fixed assets | 22/27 | €25,609 | €19,563 | -€6,046 | -23.6% |
| Plant, machinery and equipment | 23 | €21,232 | €16,074 | -€5,158 | -24.3% |
| Furniture and vehicles | 24 | €4,377 | €3,489 | -€888 | -20.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €21,488 | €22,370 | +€881 | +4.1% |
| Stocks and contracts in progress | 3 | €8,500 | €7,800 | -€700 | -8.2% |
| Stocks | 30/36 | €8,500 | €7,800 | -€700 | -8.2% |
| Amounts receivable within one year | 40/41 | €9,790 | €8,658 | -€1,131 | -11.6% |
| Trade receivables | 40 | €8,460 | €7,408 | -€1,051 | -12.4% |
| Other amounts receivable | 41 | €1,330 | €1,250 | -€80 | -6.0% |
| Cash at bank and in hand | 54/58 | €2,731 | €2,987 | +€256 | +9.4% |
| Deferred charges and accrued income | 490/1 | €468 | €2,924 | +€2,456 | +524.6% |
| Total equity and liabilities | 10/49 | €47,597 | €42,432 | -€5,165 | -10.9% |
| Equity | 10/15 | €21,736 | €18,115 | -€3,621 | -16.7% |
| Contributions | 10/11 | €8,197 | €8,197 | = | 0.0% |
| Reserves | 13 | €4,359 | €4,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,179 | €5,559 | -€3,621 | -39.4% |
| Amounts payable | 17/49 | €25,862 | €24,317 | -€1,545 | -6.0% |
| Amounts payable after more than one year | 17 | €16,113 | €11,145 | -€4,969 | -30.8% |
| Financial debts | 170/4 | €16,113 | €11,145 | -€4,969 | -30.8% |
| Amounts payable within one year | 42/48 | €9,748 | €13,172 | +€3,424 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €4,738 | €4,969 | +€231 | +4.9% |
| Financial debts | 43 | €911 | €4,530 | +€3,619 | +397.3% |
| Credit institutions | 430/8 | €911 | €4,530 | +€3,619 | +397.3% |
| Trade debts | 44 | €2,491 | €3,631 | +€1,140 | +45.7% |
| Suppliers | 440/4 | €2,491 | €3,631 | +€1,140 | +45.7% |
| Taxes, remuneration and social security | 45 | €0 | €42 | +€42 | |
| Taxes | 450/3 | €0 | €42 | +€42 | |
| Other amounts payable | 47/48 | €1,608 | €0 | -€1,608 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,960 | €6,665 | -€295 | -4.2% |
| Other operating charges | 640/8 | €695 | €810 | +€116 | +16.6% |
| Gross operating margin | 9900 | €12,366 | €5,524 | -€6,842 | -55.3% |
| Operating profit (loss) | 9901 | €4,711 | -€1,951 | -€6,662 | |
| Financial income | 75/76B | €8 | €7 | -€2 | -18.0% |
| Recurring financial income | 75 | €8 | €7 | -€2 | -18.0% |
| Financial charges | 65/66B | €1,885 | €1,676 | -€209 | -11.1% |
| Recurring financial charges | 65 | €1,885 | €1,676 | -€209 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €2,834 | -€3,621 | -€6,455 | |
| Income taxes | 67/77 | €250 | €0 | -€250 | -100.0% |
| Profit (loss) for the period | 9904 | €2,584 | -€3,621 | -€6,205 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,584 | -€3,621 | -€6,205 |
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 12 October 2026 via checked.be.