HORATIU 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.
HORATIU CONSTRUCT
Largest movements
- Cash +€18,169
up €18,169 (+115.9%), from €15,675 to €33,844
mainly Net result for the year (+€29,216) and Tax, wage and social debts (+€6,036)
- Receivables within one year +€16,413
up €16,413 (+178.5%), from €9,197 to €25,610
of which Other amounts receivable: +€14,082
- Profit (loss) carried forward +€29,216
up €29,216 (+159.9%), from €18,277 to €47,493
- Tax, wage and social debts +€6,036
up €6,036 (+102.8%), from €5,869 to €11,905
of which Taxes: +€7,336
- Trade debts -€670
down €670 (-92.3%), from €726 to €56
- Turnover +€22,852
up €22,852 (+61.0%), from €37,440 to €60,291
- Gross operating margin +€12,639
up €12,639 (+53.5%), from €23,617 to €36,256
- Purchases and services +€10,213
up €10,213 (+73.9%), from €13,822 to €24,035
- Taxes +€2,767
up €2,767 (+60.6%), from €4,569 to €7,336
- Financial charges -€700
down €700 (-90.7%), from €771 to €72
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 | €24,872 | €59,454 | +€34,582 | +139.0% |
| Current assets | 29/58 | €24,872 | €59,454 | +€34,582 | +139.0% |
| Amounts receivable within one year | 40/41 | €9,197 | €25,610 | +€16,413 | +178.5% |
| Trade receivables | 40 | €8,840 | €11,171 | +€2,330 | +26.4% |
| Other amounts receivable | 41 | €357 | €14,439 | +€14,082 | +3944.7% |
| Cash at bank and in hand | 54/58 | €15,675 | €33,844 | +€18,169 | +115.9% |
| Total equity and liabilities | 10/49 | €24,872 | €59,454 | +€34,582 | +139.0% |
| Equity | 10/15 | €18,277 | €47,493 | +€29,216 | +159.9% |
| Profit (loss) carried forward | 14 | €18,277 | €47,493 | +€29,216 | +159.9% |
| Amounts payable | 17/49 | €6,595 | €11,961 | +€5,366 | +81.4% |
| Amounts payable within one year | 42/48 | €6,595 | €11,961 | +€5,366 | +81.4% |
| Trade debts | 44 | €726 | €56 | -€670 | -92.3% |
| Suppliers | 440/4 | €726 | €56 | -€670 | -92.3% |
| Taxes, remuneration and social security | 45 | €5,869 | €11,905 | +€6,036 | +102.8% |
| Taxes | 450/3 | €4,569 | €11,905 | +€7,336 | +160.6% |
| Remuneration and social security | 454/9 | €1,300 | - | -€1,300 | |
| Turnover | 70 | €37,440 | €60,291 | +€22,852 | +61.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,822 | €24,035 | +€10,213 | +73.9% |
| Gross operating margin | 9900 | €23,617 | €36,256 | +€12,639 | +53.5% |
| Operating profit (loss) | 9901 | €23,617 | €36,256 | +€12,639 | +53.5% |
| Financial income | 75/76B | - | €367 | +€367 | |
| Recurring financial income | 75 | - | €367 | +€367 | |
| Financial charges | 65/66B | €771 | €72 | -€700 | -90.7% |
| Recurring financial charges | 65 | €771 | €72 | -€700 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | €22,846 | €36,552 | +€13,706 | +60.0% |
| Income taxes | 67/77 | €4,569 | €7,336 | +€2,767 | +60.6% |
| Profit (loss) for the period | 9904 | €18,277 | €29,216 | +€10,939 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,277 | €29,216 | +€10,939 | +59.9% |
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 9 October 2026 via checked.be.