HTK-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.
HTK-CONSTRUCT
Largest movements
- Tangible fixed assets +€25,401
up €25,401 (+1479.1%), from €1,717 to €27,119
of which Leasing and similar rights: +€25,442
- Cash +€21,922
up €21,922 (+58.0%), from €37,798 to €59,720
mainly Debts after one year (+€20,611) and Net result for the year (+€17,906)
- Receivables within one year -€1,337
down €1,337 (-14.7%), from €9,101 to €7,765
- Debts after one year +€20,611
new in 2025: €20,611
- Reserves +€17,906
up €17,906 (+48.3%), from €37,083 to €54,989
- Current portion of long-term debt +€5,064
new in 2025: €5,064
- Tax, wage and social debts +€2,662
up €2,662 (+42.3%), from €6,294 to €8,956
- Turnover +€94,380
new in 2025: €94,380
- Purchases and services +€66,515
new in 2025: €66,515
- Depreciation +€3,112
up €3,112 (+918.3%), from €339 to €3,451
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 | €49,867 | €96,771 | +€46,904 | +94.1% |
| Fixed assets | 21/28 | €2,167 | €27,569 | +€25,401 | +1172.0% |
| Tangible fixed assets | 22/27 | €1,717 | €27,119 | +€25,401 | +1479.1% |
| Plant, machinery and equipment | 23 | €1,717 | €1,032 | -€685 | -39.9% |
| Furniture and vehicles | 24 | - | €645 | +€645 | |
| Leasing and similar rights | 25 | - | €25,442 | +€25,442 | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €47,699 | €69,202 | +€21,502 | +45.1% |
| Amounts receivable within one year | 40/41 | €9,101 | €7,765 | -€1,337 | -14.7% |
| Trade receivables | 40 | €9,101 | €7,765 | -€1,337 | -14.7% |
| Cash at bank and in hand | 54/58 | €37,798 | €59,720 | +€21,922 | +58.0% |
| Deferred charges and accrued income | 490/1 | €800 | €1,717 | +€917 | +114.6% |
| Total equity and liabilities | 10/49 | €49,867 | €96,771 | +€46,904 | +94.1% |
| Equity | 10/15 | €42,083 | €59,989 | +€17,906 | +42.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €37,083 | €54,989 | +€17,906 | +48.3% |
| Distributable reserves | 133 | €37,083 | €54,989 | +€17,906 | +48.3% |
| Amounts payable | 17/49 | €7,784 | €36,782 | +€28,998 | +372.6% |
| Amounts payable after more than one year | 17 | - | €20,611 | +€20,611 | |
| Financial debts | 170/4 | - | €20,611 | +€20,611 | |
| Amounts payable within one year | 42/48 | €7,784 | €15,979 | +€8,195 | +105.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,064 | +€5,064 | |
| Trade debts | 44 | €454 | €890 | +€436 | +96.0% |
| Suppliers | 440/4 | €454 | €890 | +€436 | +96.0% |
| Taxes, remuneration and social security | 45 | €6,294 | €8,956 | +€2,662 | +42.3% |
| Taxes | 450/3 | €6,294 | €8,956 | +€2,662 | +42.3% |
| Other amounts payable | 47/48 | €1,036 | €1,069 | +€33 | +3.2% |
| Accrued charges and deferred income | 492/3 | - | €192 | +€192 | |
| Turnover | 70 | - | €94,380 | +€94,380 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €66,515 | +€66,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339 | €3,451 | +€3,112 | +918.3% |
| Other operating charges | 640/8 | €1,148 | €764 | -€384 | -33.4% |
| Gross operating margin | 9900 | €31,518 | €30,947 | -€571 | -1.8% |
| Operating profit (loss) | 9901 | €30,031 | €26,731 | -€3,300 | -11.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,617 | €2,979 | +€362 | +13.8% |
| Recurring financial charges | 65 | €2,617 | €2,979 | +€362 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €27,413 | €23,752 | -€3,662 | -13.4% |
| Income taxes | 67/77 | €5,953 | €5,846 | -€107 | -1.8% |
| Profit (loss) for the period | 9904 | €21,460 | €17,906 | -€3,555 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,460 | €17,906 | -€3,555 | -16.6% |
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.