HS Bouwwerken: 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.
HS Bouwwerken
Largest movements
- Receivables within one year +€48,676
up €48,676 (+353%), from €13,805 to €62,481
of which Trade receivables: +€48,111
- Stocks and contracts -€15,000
no longer reported in 2025 (was €15,000)
- Tangible fixed assets +€2,760
up €2,760 (+10.3%), from €26,681 to €29,442
of which Plant, machinery and equipment: +€7,346
- Cash -€2,077
down €2,077 (-15.8%), from €13,177 to €11,100
mainly Receivables within one year (-€48,676) and Investment in fixed assets (net) (-€7,478)
- Trade debts +€17,627
up €17,627 (+55.6%), from €31,706 to €49,333
- Reserves +€15,400
up €15,400 (+5,133%), from €300 to €15,700
of which Distributable reserves: +€15,400
- Debts after one year -€7,157
down €7,157 (-92.3%), from €7,757 to €600
- Other debts +€5,413
new in 2025: €5,413
- Accrued charges and deferred income +€4,061
new in 2025: €4,061
- Gross operating margin +€33,017
up €33,017 (+137%), from €24,129 to €57,146
- Other operating charges +€20,550
up €20,550 (+1,239%), from €1,659 to €22,209
- Depreciation -€7,097
down €7,097 (-60.1%), from €11,814 to €4,718
- Taxes +€6,529
up €6,529 (+200%), from €3,267 to €9,795
- Financial charges +€2,722
up €2,722 (+420%), from €648 to €3,370
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 | €70,720 | €105,443 | +€34,723 | +49.1% |
| Fixed assets | 21/28 | €26,681 | €29,442 | +€2,760 | +10.3% |
| Tangible fixed assets | 22/27 | €26,681 | €29,442 | +€2,760 | +10.3% |
| Land and buildings | 22 | €1,132 | €981 | -€150 | -13.3% |
| Plant, machinery and equipment | 23 | €4,275 | €11,621 | +€7,346 | +172% |
| Furniture and vehicles | 24 | €21,275 | €16,839 | -€4,436 | -20.8% |
| Current assets | 29/58 | €44,039 | €76,002 | +€31,963 | +72.6% |
| Stocks and contracts in progress | 3 | €15,000 | - | -€15,000 | |
| Contracts in progress | 37 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €13,805 | €62,481 | +€48,676 | +353% |
| Trade receivables | 40 | €7,972 | €56,084 | +€48,111 | +603% |
| Other amounts receivable | 41 | €5,833 | €6,398 | +€565 | +9.7% |
| Cash at bank and in hand | 54/58 | €13,177 | €11,100 | -€2,077 | -15.8% |
| Deferred charges and accrued income | 490/1 | €2,057 | €2,420 | +€363 | +17.6% |
| Total equity and liabilities | 10/49 | €70,720 | €105,443 | +€34,723 | +49.1% |
| Equity | 10/15 | €20,916 | €36,316 | +€15,400 | +73.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €300 | €15,700 | +€15,400 | +5,133% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | - | €15,400 | +€15,400 | |
| Profit (loss) carried forward | 14 | €17,616 | €17,616 | = | 0.0% |
| Amounts payable | 17/49 | €49,804 | €69,127 | +€19,323 | +38.8% |
| Amounts payable after more than one year | 17 | €7,757 | €600 | -€7,157 | -92.3% |
| Financial debts | 170/4 | €7,757 | €600 | -€7,157 | -92.3% |
| Amounts payable within one year | 42/48 | €42,047 | €64,466 | +€22,419 | +53.3% |
| Current portion of amounts payable after more than one year | 42 | €7,074 | €7,157 | +€83 | +1.2% |
| Trade debts | 44 | €31,706 | €49,333 | +€17,627 | +55.6% |
| Suppliers | 440/4 | €31,706 | €49,333 | +€17,627 | +55.6% |
| Taxes, remuneration and social security | 45 | €3,267 | €2,563 | -€704 | -21.6% |
| Taxes | 450/3 | €3,267 | €2,563 | -€704 | -21.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €5,413 | +€5,413 | |
| Accrued charges and deferred income | 492/3 | - | €4,061 | +€4,061 | |
| Remuneration, social security and pensions | 62 | €272 | - | -€272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,814 | €4,718 | -€7,097 | -60.1% |
| Other operating charges | 640/8 | €1,659 | €22,209 | +€20,550 | +1,239% |
| Gross operating margin | 9900 | €24,129 | €57,146 | +€33,017 | +137% |
| Operating profit (loss) | 9901 | €10,384 | €30,219 | +€19,835 | +191% |
| Financial income | 75/76B | €66 | €13 | -€53 | -80.4% |
| Recurring financial income | 75 | €66 | €13 | -€53 | -80.4% |
| Financial charges | 65/66B | €648 | €3,370 | +€2,722 | +420% |
| Recurring financial charges | 65 | €648 | €3,370 | +€2,722 | +420% |
| Profit (loss) for the period before taxes | 9903 | €9,802 | €26,861 | +€17,060 | +174% |
| Income taxes | 67/77 | €3,267 | €9,795 | +€6,529 | +200% |
| Profit (loss) for the period | 9904 | €6,535 | €17,066 | +€10,531 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €6,535 | €17,066 | +€10,531 | +161% |
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 31 October 2026 via checked.be.