HOT 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.
HOT CONSTRUCT
Largest movements
- Tangible fixed assets +€14,466
up €14,466 (+272.2%), from €5,315 to €19,781
- Receivables within one year -€5,136
down €5,136 (-88.6%), from €5,796 to €660
of which Trade receivables: -€3,306
- Deferred charges and accrued income +€446
new in 2025: €446
- Formation expenses -€230
down €230 (-100.0%), from €230 to €0
- Other debts +€7,726
new in 2025: €7,726
- Profit (loss) carried forward +€4,263
up €4,263 (+172.6%), from €2,471 to €6,734
- Tax, wage and social debts -€1,606
down €1,606 (-49.9%), from €3,216 to €1,610
- Trade debts -€732
no longer reported in 2025 (was €732)
- Gross operating margin +€24,766
up €24,766, from -€10,900 to €13,867
- Depreciation +€3,963
up €3,963 (+137.3%), from €2,887 to €6,850
- Other operating charges -€1,099
down €1,099 (-75.7%), from €1,453 to €354
- Staff costs +€900
new in 2025: €900
- Taxes +€470
up €470 (+49.4%), from €951 to €1,421
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 | €11,418 | €21,070 | +€9,652 | +84.5% |
| Formation expenses | 20 | €230 | €0 | -€230 | -100.0% |
| Fixed assets | 21/28 | €5,315 | €19,781 | +€14,466 | +272.2% |
| Tangible fixed assets | 22/27 | €5,315 | €19,781 | +€14,466 | +272.2% |
| Furniture and vehicles | 24 | €5,315 | €19,781 | +€14,466 | +272.2% |
| Current assets | 29/58 | €5,873 | €1,289 | -€4,585 | -78.1% |
| Amounts receivable within one year | 40/41 | €5,796 | €660 | -€5,136 | -88.6% |
| Trade receivables | 40 | €3,306 | - | -€3,306 | |
| Other amounts receivable | 41 | €2,490 | €660 | -€1,830 | -73.5% |
| Cash at bank and in hand | 54/58 | €77 | €183 | +€105 | +136.5% |
| Deferred charges and accrued income | 490/1 | - | €446 | +€446 | |
| Total equity and liabilities | 10/49 | €11,418 | €21,070 | +€9,652 | +84.5% |
| Equity | 10/15 | €7,471 | €11,734 | +€4,263 | +57.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,471 | €6,734 | +€4,263 | +172.6% |
| Amounts payable | 17/49 | €3,948 | €9,336 | +€5,388 | +136.5% |
| Amounts payable within one year | 42/48 | €3,948 | €9,336 | +€5,388 | +136.5% |
| Trade debts | 44 | €732 | - | -€732 | |
| Suppliers | 440/4 | €732 | - | -€732 | |
| Taxes, remuneration and social security | 45 | €3,216 | €1,610 | -€1,606 | -49.9% |
| Taxes | 450/3 | €3,216 | €1,610 | -€1,606 | -49.9% |
| Other amounts payable | 47/48 | - | €7,726 | +€7,726 | |
| Remuneration, social security and pensions | 62 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,887 | €6,850 | +€3,963 | +137.3% |
| Other operating charges | 640/8 | €1,453 | €354 | -€1,099 | -75.7% |
| Gross operating margin | 9900 | -€10,900 | €13,867 | +€24,766 | |
| Operating profit (loss) | 9901 | -€15,240 | €5,763 | +€21,003 | |
| Financial charges | 65/66B | €68 | €78 | +€11 | +16.2% |
| Recurring financial charges | 65 | €68 | €78 | +€11 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,307 | €5,685 | +€20,992 | |
| Income taxes | 67/77 | €951 | €1,421 | +€470 | +49.4% |
| Profit (loss) for the period | 9904 | -€16,258 | €4,263 | +€20,522 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,258 | €4,263 | +€20,522 |
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.