HRES 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.
HRES CONSTRUCT
Largest movements
- Tangible fixed assets +€29,170
up €29,170 (+122.0%), from €23,911 to €53,081
of which Leasing and similar rights: +€20,139
- Cash +€8,109
up €8,109 (+56.0%), from €14,474 to €22,583
mainly Debts after one year (+€19,756) and Trade debts (+€17,324)
- Receivables within one year -€5,878
down €5,878 (-10.8%), from €54,377 to €48,499
of which Trade receivables: -€19,912
- Debts after one year +€19,756
up €19,756 (+389.2%), from €5,076 to €24,832
- Trade debts +€17,324
up €17,324 (+65.0%), from €26,652 to €43,975
- Tax, wage and social debts -€4,563
down €4,563 (-55.7%), from €8,199 to €3,636
- Current portion of long-term debt -€2,143
down €2,143 (-18.2%), from €11,768 to €9,625
- Profit (loss) carried forward +€2,093
up €2,093 (+5.2%), from €40,029 to €42,122
- Turnover -€41,814
down €41,814 (-10.2%), from €411,705 to €369,891
- Purchases and services -€28,345
down €28,345 (-7.5%), from €379,519 to €351,174
- Gross operating margin -€13,470
down €13,470 (-41.8%), from €32,187 to €18,717
- Depreciation +€4,614
up €4,614 (+71.4%), from €6,464 to €11,078
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 | €92,761 | €125,229 | +€32,467 | +35.0% |
| Fixed assets | 21/28 | €23,911 | €53,081 | +€29,170 | +122.0% |
| Tangible fixed assets | 22/27 | €23,911 | €53,081 | +€29,170 | +122.0% |
| Furniture and vehicles | 24 | - | €9,031 | +€9,031 | |
| Leasing and similar rights | 25 | €23,911 | €44,051 | +€20,139 | +84.2% |
| Current assets | 29/58 | €68,850 | €72,147 | +€3,297 | +4.8% |
| Amounts receivable within one year | 40/41 | €54,377 | €48,499 | -€5,878 | -10.8% |
| Trade receivables | 40 | €31,597 | €11,685 | -€19,912 | -63.0% |
| Other amounts receivable | 41 | €22,779 | €36,814 | +€14,035 | +61.6% |
| Cash at bank and in hand | 54/58 | €14,474 | €22,583 | +€8,109 | +56.0% |
| Deferred charges and accrued income | 490/1 | - | €1,066 | +€1,066 | |
| Total equity and liabilities | 10/49 | €92,761 | €125,229 | +€32,467 | +35.0% |
| Equity | 10/15 | €41,029 | €43,122 | +€2,093 | +5.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,029 | €42,122 | +€2,093 | +5.2% |
| Amounts payable | 17/49 | €51,732 | €82,106 | +€30,374 | +58.7% |
| Amounts payable after more than one year | 17 | €5,076 | €24,832 | +€19,756 | +389.2% |
| Financial debts | 170/4 | €5,076 | €24,832 | +€19,756 | +389.2% |
| Amounts payable within one year | 42/48 | €46,657 | €57,275 | +€10,618 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €11,768 | €9,625 | -€2,143 | -18.2% |
| Trade debts | 44 | €26,652 | €43,975 | +€17,324 | +65.0% |
| Suppliers | 440/4 | €26,652 | €43,975 | +€17,324 | +65.0% |
| Taxes, remuneration and social security | 45 | €8,199 | €3,636 | -€4,563 | -55.7% |
| Taxes | 450/3 | €8,199 | €3,636 | -€4,563 | -55.7% |
| Other amounts payable | 47/48 | €38 | €38 | = | 0.0% |
| Turnover | 70 | €411,705 | €369,891 | -€41,814 | -10.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €379,519 | €351,174 | -€28,345 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €11,078 | +€4,614 | +71.4% |
| Other operating charges | 640/8 | €440 | €1,153 | +€713 | +162.2% |
| Gross operating margin | 9900 | €32,187 | €18,717 | -€13,470 | -41.8% |
| Operating profit (loss) | 9901 | €25,283 | €6,487 | -€18,797 | -74.3% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €7,653 | €4,402 | -€3,252 | -42.5% |
| Recurring financial charges | 65 | €7,653 | €4,402 | -€3,252 | -42.5% |
| Profit (loss) for the period before taxes | 9903 | €17,630 | €2,097 | -€15,533 | -88.1% |
| Income taxes | 67/77 | €3,658 | €4 | -€3,655 | -99.9% |
| Profit (loss) for the period | 9904 | €13,972 | €2,093 | -€11,878 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,972 | €2,093 | -€11,878 | -85.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.