HORMIGON.BE: 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.
HORMIGON.BE
Largest movements
- Financial fixed assets -€201,600
down €201,600 (-99.9%), from €201,850 to €250
- Receivables after one year +€196,600
up €196,600 (+98.3%), from €200,000 to €396,600
- Cash +€65,870
up €65,870 (+131%), from €50,429 to €116,299
mainly Investment in fixed assets (net) (+€193,268) and Net result for the year (+€50,007)
- Receivables within one year -€26,849
down €26,849 (-35.8%), from €74,909 to €48,060
of which Other amounts receivable: -€18,644
- Stocks and contracts +€22,322
new in 2025: €22,322
- Reserves +€50,007
up €50,007 (+18.6%), from €268,615 to €318,622
- Gross operating margin +€7,950
up €7,950 (+12.2%), from €65,414 to €73,365
- Financial income +€3,167
up €3,167 (+72.0%), from €4,400 to €7,567
- Taxes -€2,628
down €2,628 (-13.7%), from €19,180 to €16,551
- Depreciation +€1,527
up €1,527 (+12.9%), from €11,846 to €13,373
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 | €599,444 | €649,123 | +€49,679 | +8.3% |
| Fixed assets | 21/28 | €262,566 | €55,925 | -€206,641 | -78.7% |
| Tangible fixed assets | 22/27 | €60,716 | €55,675 | -€5,041 | -8.3% |
| Plant, machinery and equipment | 23 | €1,110 | €7,763 | +€6,653 | +599% |
| Furniture and vehicles | 24 | €12,308 | €8,574 | -€3,733 | -30.3% |
| Other tangible fixed assets | 26 | €47,299 | €39,338 | -€7,961 | -16.8% |
| Financial fixed assets | 28 | €201,850 | €250 | -€201,600 | -99.9% |
| Current assets | 29/58 | €336,878 | €593,198 | +€256,319 | +76.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €396,600 | +€196,600 | +98.3% |
| Other amounts receivable | 291 | €200,000 | €396,600 | +€196,600 | +98.3% |
| Stocks and contracts in progress | 3 | - | €22,322 | +€22,322 | |
| Stocks | 30/36 | - | €22,322 | +€22,322 | |
| Amounts receivable within one year | 40/41 | €74,909 | €48,060 | -€26,849 | -35.8% |
| Trade receivables | 40 | €37,921 | €29,715 | -€8,206 | -21.6% |
| Other amounts receivable | 41 | €36,988 | €18,345 | -€18,644 | -50.4% |
| Cash at bank and in hand | 54/58 | €50,429 | €116,299 | +€65,870 | +131% |
| Deferred charges and accrued income | 490/1 | €11,541 | €9,917 | -€1,623 | -14.1% |
| Total equity and liabilities | 10/49 | €599,444 | €649,123 | +€49,679 | +8.3% |
| Equity | 10/15 | €287,215 | €337,222 | +€50,007 | +17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,615 | €318,622 | +€50,007 | +18.6% |
| Distributable reserves | 133 | €268,615 | €318,622 | +€50,007 | +18.6% |
| Amounts payable | 17/49 | €312,230 | €311,901 | -€329 | -0.1% |
| Amounts payable after more than one year | 17 | €279,000 | €280,500 | +€1,500 | +0.5% |
| Financial debts | 170/4 | €279,000 | €280,500 | +€1,500 | +0.5% |
| Amounts payable within one year | 42/48 | €31,400 | €29,564 | -€1,836 | -5.8% |
| Financial debts | 43 | €7,500 | €10,000 | +€2,500 | +33.3% |
| Credit institutions | 430/8 | €7,500 | €10,000 | +€2,500 | +33.3% |
| Trade debts | 44 | €22,147 | €18,511 | -€3,635 | -16.4% |
| Suppliers | 440/4 | €22,147 | €18,511 | -€3,635 | -16.4% |
| Taxes, remuneration and social security | 45 | €106 | €99 | -€8 | -7.1% |
| Taxes | 450/3 | €106 | €99 | -€8 | -7.1% |
| Other amounts payable | 47/48 | €1,648 | €955 | -€693 | -42.1% |
| Accrued charges and deferred income | 492/3 | €1,829 | €1,837 | +€8 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,846 | €13,373 | +€1,527 | +12.9% |
| Other operating charges | 640/8 | €487 | €393 | -€94 | -19.4% |
| Gross operating margin | 9900 | €65,414 | €73,365 | +€7,950 | +12.2% |
| Operating profit (loss) | 9901 | €53,081 | €59,599 | +€6,517 | +12.3% |
| Financial income | 75/76B | €4,400 | €7,567 | +€3,167 | +72.0% |
| Recurring financial income | 75 | €4,400 | €7,567 | +€3,167 | +72.0% |
| Financial charges | 65/66B | €518 | €607 | +€89 | +17.2% |
| Recurring financial charges | 65 | €518 | €607 | +€89 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €56,963 | €66,558 | +€9,596 | +16.8% |
| Income taxes | 67/77 | €19,180 | €16,551 | -€2,628 | -13.7% |
| Profit (loss) for the period | 9904 | €37,783 | €50,007 | +€12,224 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,783 | €50,007 | +€12,224 | +32.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.