HTB 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.
HTB CONSTRUCT
Largest movements
- Tangible fixed assets -€17,544
down €17,544 (-4.1%), from €430,976 to €413,432
of which Land and buildings: -€12,537
- Cash +€9,558
up €9,558 (+48.0%), from €19,926 to €29,483
mainly Depreciation (+€66,267) and Other debts (+€29,723)
- Stocks and contracts -€7,990
down €7,990 (-22.9%), from €34,845 to €26,855
of which Stocks: -€6,790
- Advances received -€45,000
no longer reported in 2024 (was €45,000)
- Other debts +€29,723
up €29,723 (+32.6%), from €91,182 to €120,905
- Reserves +€17,408
up €17,408 (+485.7%), from €3,584 to €20,992
- Trade debts -€16,547
down €16,547 (-25.2%), from €65,775 to €49,228
- Debts after one year -€14,668
down €14,668 (-4.4%), from €333,872 to €319,204
- Gross operating margin +€60,148
up €60,148 (+73.2%), from €82,144 to €142,291
- Staff costs +€31,674
up €31,674 (+511.2%), from €6,196 to €37,870
- Depreciation +€8,878
up €8,878 (+15.5%), from €57,389 to €66,267
- Taxes +€5,258
up €5,258 (+1882.8%), from €279 to €5,538
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 | €581,975 | €559,275 | -€22,700 | -3.9% |
| Fixed assets | 21/28 | €432,726 | €414,582 | -€18,144 | -4.2% |
| Intangible fixed assets | 21 | €1,750 | €1,150 | -€600 | -34.3% |
| Tangible fixed assets | 22/27 | €430,976 | €413,432 | -€17,544 | -4.1% |
| Land and buildings | 22 | €232,055 | €219,518 | -€12,537 | -5.4% |
| Plant, machinery and equipment | 23 | €172,306 | €174,948 | +€2,643 | +1.5% |
| Furniture and vehicles | 24 | €26,616 | €18,966 | -€7,650 | -28.7% |
| Current assets | 29/58 | €149,249 | €144,693 | -€4,556 | -3.1% |
| Stocks and contracts in progress | 3 | €34,845 | €26,855 | -€7,990 | -22.9% |
| Stocks | 30/36 | €33,645 | €26,855 | -€6,790 | -20.2% |
| Contracts in progress | 37 | €1,200 | - | -€1,200 | |
| Amounts receivable within one year | 40/41 | €87,907 | €82,122 | -€5,785 | -6.6% |
| Trade receivables | 40 | €83,913 | €76,570 | -€7,343 | -8.8% |
| Other amounts receivable | 41 | €3,995 | €5,552 | +€1,557 | +39.0% |
| Cash at bank and in hand | 54/58 | €19,926 | €29,483 | +€9,558 | +48.0% |
| Deferred charges and accrued income | 490/1 | €6,571 | €6,233 | -€338 | -5.1% |
| Total equity and liabilities | 10/49 | €581,975 | €559,275 | -€22,700 | -3.9% |
| Equity | 10/15 | €6,584 | €23,992 | +€17,408 | +264.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €3,584 | €20,992 | +€17,408 | +485.7% |
| Distributable reserves | 133 | €3,584 | €20,992 | +€17,408 | +485.7% |
| Amounts payable | 17/49 | €575,391 | €535,283 | -€40,108 | -7.0% |
| Amounts payable after more than one year | 17 | €333,872 | €319,204 | -€14,668 | -4.4% |
| Financial debts | 170/4 | €333,872 | €319,204 | -€14,668 | -4.4% |
| Amounts payable within one year | 42/48 | €237,650 | €213,420 | -€24,230 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €32,124 | €33,904 | +€1,779 | +5.5% |
| Trade debts | 44 | €65,775 | €49,228 | -€16,547 | -25.2% |
| Suppliers | 440/4 | €65,775 | €49,228 | -€16,547 | -25.2% |
| Advances received on contracts in progress | 46 | €45,000 | - | -€45,000 | |
| Taxes, remuneration and social security | 45 | €3,569 | €9,383 | +€5,814 | +162.9% |
| Taxes | 450/3 | €1,529 | €6,417 | +€4,888 | +319.8% |
| Remuneration and social security | 454/9 | €2,040 | €2,966 | +€926 | +45.4% |
| Other amounts payable | 47/48 | €91,182 | €120,905 | +€29,723 | +32.6% |
| Accrued charges and deferred income | 492/3 | €3,868 | €2,658 | -€1,210 | -31.3% |
| Remuneration, social security and pensions | 62 | €6,196 | €37,870 | +€31,674 | +511.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,389 | €66,267 | +€8,878 | +15.5% |
| Other operating charges | 640/8 | €5,734 | €5,611 | -€123 | -2.1% |
| Gross operating margin | 9900 | €82,144 | €142,291 | +€60,148 | +73.2% |
| Operating profit (loss) | 9901 | €12,825 | €32,543 | +€19,718 | +153.7% |
| Financial income | 75/76B | €52 | €15 | -€38 | -72.3% |
| Recurring financial income | 75 | €52 | €15 | -€38 | -72.3% |
| Financial charges | 65/66B | €8,491 | €7,946 | -€545 | -6.4% |
| Recurring financial charges | 65 | €8,491 | €7,946 | -€545 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €4,386 | €24,611 | +€20,225 | +461.1% |
| Income taxes | 67/77 | €279 | €5,538 | +€5,258 | +1882.8% |
| Profit (loss) for the period | 9904 | €4,107 | €19,074 | +€14,967 | +364.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,107 | €19,074 | +€14,967 | +364.5% |
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 6 October 2026 via checked.be.