HTC 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.
HTC CONSTRUCT
Largest movements
- Receivables within one year +€115,215
up €115,215 (+54.9%), from €209,721 to €324,936
of which Trade receivables: +€90,515
- Cash -€5,928
down €5,928 (-63.9%), from €9,283 to €3,355
mainly Receivables within one year (-€115,215) and Deferred charges and accrued income (-€3,924)
- Deferred charges and accrued income +€3,924
up €3,924 (+209%), from €1,876 to €5,800
- Trade debts +€47,176
up €47,176 (+27.7%), from €170,270 to €217,446
- Reserves +€45,742
up €45,742 (+128%), from €35,715 to €81,458
of which Distributable reserves: +€45,742
- Tax, wage and social debts +€19,459
up €19,459 (+193%), from €10,101 to €29,561
- Gross operating margin +€23,469
up €23,469 (+39.4%), from €59,513 to €82,982
- Taxes +€18,613
up €18,613 (+340%), from €5,474 to €24,087
- Financial charges -€8,683
down €8,683 (-36.7%), from €23,654 to €14,971
- Other operating charges -€3,472
down €3,472 (-81.8%), from €4,244 to €771
- Financial income +€2,665
up €2,665 (+142%), from €1,878 to €4,543
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 | €222,336 | €334,714 | +€112,378 | +50.5% |
| Fixed assets | 21/28 | €1,457 | €623 | -€833 | -57.2% |
| Tangible fixed assets | 22/27 | €1,457 | €623 | -€833 | -57.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,457 | €623 | -€833 | -57.2% |
| Current assets | 29/58 | €220,880 | €334,091 | +€113,211 | +51.3% |
| Amounts receivable within one year | 40/41 | €209,721 | €324,936 | +€115,215 | +54.9% |
| Trade receivables | 40 | €137,509 | €228,025 | +€90,515 | +65.8% |
| Other amounts receivable | 41 | €72,211 | €96,911 | +€24,700 | +34.2% |
| Cash at bank and in hand | 54/58 | €9,283 | €3,355 | -€5,928 | -63.9% |
| Deferred charges and accrued income | 490/1 | €1,876 | €5,800 | +€3,924 | +209% |
| Total equity and liabilities | 10/49 | €222,336 | €334,714 | +€112,378 | +50.5% |
| Equity | 10/15 | €41,965 | €87,708 | +€45,742 | +109% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €35,715 | €81,458 | +€45,742 | +128% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,855 | €79,598 | +€45,742 | +135% |
| Amounts payable | 17/49 | €180,371 | €247,006 | +€66,635 | +36.9% |
| Amounts payable within one year | 42/48 | €180,371 | €247,006 | +€66,635 | +36.9% |
| Trade debts | 44 | €170,270 | €217,446 | +€47,176 | +27.7% |
| Suppliers | 440/4 | €170,270 | €217,446 | +€47,176 | +27.7% |
| Taxes, remuneration and social security | 45 | €10,101 | €29,561 | +€19,459 | +193% |
| Taxes | 450/3 | €10,101 | €29,561 | +€19,459 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,084 | €833 | -€251 | -23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,120 | +€1,120 | |
| Other operating charges | 640/8 | €4,244 | €771 | -€3,472 | -81.8% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | €59,513 | €82,982 | +€23,469 | +39.4% |
| Operating profit (loss) | 9901 | €44,185 | €80,258 | +€36,073 | +81.6% |
| Financial income | 75/76B | €1,878 | €4,543 | +€2,665 | +142% |
| Recurring financial income | 75 | €1,878 | €4,543 | +€2,665 | +142% |
| Financial charges | 65/66B | €23,654 | €14,971 | -€8,683 | -36.7% |
| Recurring financial charges | 65 | €23,654 | €14,971 | -€8,683 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €22,408 | €69,829 | +€47,421 | +212% |
| Income taxes | 67/77 | €5,474 | €24,087 | +€18,613 | +340% |
| Profit (loss) for the period | 9904 | €16,934 | €45,742 | +€28,808 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €16,934 | €45,742 | +€28,808 | +170% |
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 13 October 2026 via checked.be.