HQB 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.
HQB CONSTRUCT
Largest movements
- Receivables within one year +€25,383
up €25,383 (+21.7%), from €116,895 to €142,278
of which Trade receivables: +€30,333
- Cash +€18,041
up €18,041 (+847.0%), from €2,130 to €20,171
mainly Trade debts (+€34,869) and Debts after one year (+€13,694)
- Tangible fixed assets -€10,418
down €10,418 (-27.7%), from €37,570 to €27,152
of which Furniture and vehicles: -€24,176
- Deferred charges and accrued income -€5,609
down €5,609 (-84.7%), from €6,623 to €1,014
- Trade debts +€34,869
up €34,869 (+50.2%), from €69,423 to €104,292
- Profit (loss) carried forward -€20,061
down €20,061 (-28.6%), from €70,043 to €49,982
- Debts after one year +€13,694
new in 2024: €13,694
- Tax, wage and social debts -€5,851
down €5,851 (-64.8%), from €9,036 to €3,185
of which Taxes: -€3,674
- Advances received +€4,101
new in 2024: €4,101
- Gross operating margin -€27,378
down €27,378 (-61.1%), from €44,841 to €17,463
- Other operating charges -€13,987
down €13,987 (-38.4%), from €36,426 to €22,439
- Depreciation -€5,810
down €5,810 (-30.5%), from €19,033 to €13,223
- Financial charges +€1,678
up €1,678 (+190.0%), from €883 to €2,561
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,218 | €190,615 | +€27,397 | +16.8% |
| Fixed assets | 21/28 | €37,570 | €27,152 | -€10,418 | -27.7% |
| Tangible fixed assets | 22/27 | €37,570 | €27,152 | -€10,418 | -27.7% |
| Plant, machinery and equipment | 23 | €7,458 | €4,805 | -€2,653 | -35.6% |
| Furniture and vehicles | 24 | €30,112 | €5,936 | -€24,176 | -80.3% |
| Leasing and similar rights | 25 | - | €16,411 | +€16,411 | |
| Current assets | 29/58 | €125,648 | €163,463 | +€37,815 | +30.1% |
| Amounts receivable within one year | 40/41 | €116,895 | €142,278 | +€25,383 | +21.7% |
| Trade receivables | 40 | €81,233 | €111,566 | +€30,333 | +37.3% |
| Other amounts receivable | 41 | €35,662 | €30,712 | -€4,950 | -13.9% |
| Cash at bank and in hand | 54/58 | €2,130 | €20,171 | +€18,041 | +847.0% |
| Deferred charges and accrued income | 490/1 | €6,623 | €1,014 | -€5,609 | -84.7% |
| Total equity and liabilities | 10/49 | €163,218 | €190,615 | +€27,397 | +16.8% |
| Equity | 10/15 | €82,243 | €62,182 | -€20,061 | -24.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | - | -€6,000 | |
| Reserves not available under the articles | 1311 | €6,000 | - | -€6,000 | |
| Distributable reserves | 133 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | €70,043 | €49,982 | -€20,061 | -28.6% |
| Amounts payable | 17/49 | €80,975 | €128,433 | +€47,458 | +58.6% |
| Amounts payable after more than one year | 17 | - | €13,694 | +€13,694 | |
| Financial debts | 170/4 | - | €13,694 | +€13,694 | |
| Amounts payable within one year | 42/48 | €80,533 | €114,640 | +€34,107 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €2,058 | €2,944 | +€886 | +43.1% |
| Financial debts | 43 | €16 | €118 | +€102 | +637.5% |
| Credit institutions | 430/8 | €16 | €118 | +€102 | +637.5% |
| Trade debts | 44 | €69,423 | €104,292 | +€34,869 | +50.2% |
| Suppliers | 440/4 | €69,423 | €104,292 | +€34,869 | +50.2% |
| Advances received on contracts in progress | 46 | - | €4,101 | +€4,101 | |
| Taxes, remuneration and social security | 45 | €9,036 | €3,185 | -€5,851 | -64.8% |
| Taxes | 450/3 | €5,226 | €1,552 | -€3,674 | -70.3% |
| Remuneration and social security | 454/9 | €3,810 | €1,633 | -€2,177 | -57.1% |
| Accrued charges and deferred income | 492/3 | €442 | €99 | -€343 | -77.6% |
| Non-recurring operating income | 76A | - | €5,035 | +€5,035 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,033 | €13,223 | -€5,810 | -30.5% |
| Other operating charges | 640/8 | €36,426 | €22,439 | -€13,987 | -38.4% |
| Non-recurring operating charges | 66A | - | €552 | +€552 | |
| Gross operating margin | 9900 | €44,841 | €17,463 | -€27,378 | -61.1% |
| Operating profit (loss) | 9901 | -€10,618 | -€18,751 | -€8,133 | -76.6% |
| Financial income | 75/76B | €1,405 | €1,720 | +€315 | +22.4% |
| Recurring financial income | 75 | €1,405 | €1,720 | +€315 | +22.4% |
| Financial charges | 65/66B | €883 | €2,561 | +€1,678 | +190.0% |
| Recurring financial charges | 65 | €883 | €2,561 | +€1,678 | +190.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,096 | -€19,592 | -€9,496 | -94.1% |
| Income taxes | 67/77 | €695 | €469 | -€226 | -32.5% |
| Profit (loss) for the period | 9904 | -€10,791 | -€20,061 | -€9,270 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,791 | -€20,061 | -€9,270 | -85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.