HUGO M 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.
HUGO M CONSTRUCT
Largest movements
- Receivables within one year +€14,520
up €14,520 (+42.8%), from €33,891 to €48,411
of which Trade receivables: +€12,941
- Cash +€10,979
up €10,979 (+359.0%), from €3,058 to €14,037
mainly Net result for the year (+€17,270) and Tax, wage and social debts (+€15,181)
- Tangible fixed assets -€7,751
no longer reported in 2025 (was €7,751)
- Profit (loss) carried forward +€17,270
up €17,270, from -€182 to €17,088
- Tax, wage and social debts +€15,181
up €15,181 (+113.7%), from €13,353 to €28,534
of which Taxes: +€15,161
- Trade debts -€10,544
down €10,544 (-47.7%), from €22,116 to €11,572
- Debts after one year -€4,044
down €4,044 (-74.7%), from €5,413 to €1,369
- Gross operating margin +€47,096
up €47,096 (+503.8%), from €9,348 to €56,444
- Taxes +€9,381
up €9,381 (+112.7%), from €8,324 to €17,705
- Other operating charges +€6,272
up €6,272 (+89.2%), from €7,035 to €13,307
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 | €45,092 | €62,607 | +€17,515 | +38.8% |
| Fixed assets | 21/28 | €7,910 | €159 | -€7,751 | -98.0% |
| Tangible fixed assets | 22/27 | €7,751 | - | -€7,751 | |
| Furniture and vehicles | 24 | €7,751 | - | -€7,751 | |
| Financial fixed assets | 28 | €159 | €159 | = | 0.0% |
| Current assets | 29/58 | €37,182 | €62,448 | +€25,266 | +68.0% |
| Amounts receivable within one year | 40/41 | €33,891 | €48,411 | +€14,520 | +42.8% |
| Trade receivables | 40 | €31,989 | €44,930 | +€12,941 | +40.5% |
| Other amounts receivable | 41 | €1,902 | €3,481 | +€1,579 | +83.0% |
| Cash at bank and in hand | 54/58 | €3,058 | €14,037 | +€10,979 | +359.0% |
| Deferred charges and accrued income | 490/1 | €233 | - | -€233 | |
| Total equity and liabilities | 10/49 | €45,092 | €62,607 | +€17,515 | +38.8% |
| Equity | 10/15 | -€182 | €17,088 | +€17,270 | |
| Profit (loss) carried forward | 14 | -€182 | €17,088 | +€17,270 | |
| Amounts payable | 17/49 | €45,274 | €45,519 | +€245 | +0.5% |
| Amounts payable after more than one year | 17 | €5,413 | €1,369 | -€4,044 | -74.7% |
| Financial debts | 170/4 | €5,413 | €1,369 | -€4,044 | -74.7% |
| Amounts payable within one year | 42/48 | €39,861 | €44,150 | +€4,289 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €3,949 | €4,044 | +€95 | +2.4% |
| Trade debts | 44 | €22,116 | €11,572 | -€10,544 | -47.7% |
| Suppliers | 440/4 | €22,116 | €11,572 | -€10,544 | -47.7% |
| Taxes, remuneration and social security | 45 | €13,353 | €28,534 | +€15,181 | +113.7% |
| Taxes | 450/3 | €13,353 | €28,514 | +€15,161 | +113.5% |
| Remuneration and social security | 454/9 | - | €20 | +€20 | |
| Other amounts payable | 47/48 | €443 | - | -€443 | |
| Non-recurring operating income | 76A | €276 | - | -€276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,791 | €7,751 | -€40 | -0.5% |
| Other operating charges | 640/8 | €7,035 | €13,307 | +€6,272 | +89.2% |
| Gross operating margin | 9900 | €9,348 | €56,444 | +€47,096 | +503.8% |
| Operating profit (loss) | 9901 | -€5,478 | €35,386 | +€40,864 | |
| Financial income | 75/76B | - | €216 | +€216 | |
| Recurring financial income | 75 | - | €216 | +€216 | |
| Financial charges | 65/66B | €864 | €627 | -€237 | -27.4% |
| Recurring financial charges | 65 | €864 | €627 | -€237 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,342 | €34,975 | +€41,317 | |
| Income taxes | 67/77 | €8,324 | €17,705 | +€9,381 | +112.7% |
| Profit (loss) for the period | 9904 | -€14,666 | €17,270 | +€31,936 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,666 | €17,270 | +€31,936 |
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 7 October 2026 via checked.be.