HZ 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.
HZ CONSTRUCT
Largest movements
- Cash -€14,473
down €14,473 (-74.1%), from €19,542 to €5,069
mainly Trade debts (-€11,423) and Investment in fixed assets (net) (-€4,718)
- Tangible fixed assets +€2,294
up €2,294 (+33.3%), from €6,896 to €9,190
of which Furniture and vehicles: +€2,294
- Receivables within one year +€1,666
up €1,666 (+3.5%), from €46,986 to €48,652
of which Trade receivables: +€1,610
- Trade debts -€11,423
down €11,423 (-80.4%), from €14,213 to €2,790
- Profit (loss) carried forward +€5,175
up €5,175 (+11.2%), from €46,301 to €51,476
- Debts after one year -€3,031
no longer reported in 2025 (was €3,031)
- Tax, wage and social debts -€1,234
down €1,234 (-26.1%), from €4,723 to €3,488
- Turnover -€23,581
down €23,581 (-17.1%), from €137,898 to €114,317
- Gross operating margin -€19,452
down €19,452 (-66.3%), from €29,324 to €9,873
- Taxes -€5,308
no longer reported in 2025 (was €5,308)
- Purchases and services -€4,130
down €4,130 (-3.8%), from €108,574 to €104,444
- Other operating charges -€2,365
down €2,365 (-85.3%), from €2,774 to €409
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 | €73,424 | €62,910 | -€10,513 | -14.3% |
| Fixed assets | 21/28 | €6,896 | €9,190 | +€2,294 | +33.3% |
| Tangible fixed assets | 22/27 | €6,896 | €9,190 | +€2,294 | +33.3% |
| Plant, machinery and equipment | 23 | €5,854 | €5,854 | = | 0.0% |
| Furniture and vehicles | 24 | €1,042 | €3,336 | +€2,294 | +220.3% |
| Current assets | 29/58 | €66,528 | €53,720 | -€12,808 | -19.3% |
| Amounts receivable within one year | 40/41 | €46,986 | €48,652 | +€1,666 | +3.5% |
| Trade receivables | 40 | €349 | €1,959 | +€1,610 | +461.5% |
| Other amounts receivable | 41 | €46,637 | €46,693 | +€56 | +0.1% |
| Cash at bank and in hand | 54/58 | €19,542 | €5,069 | -€14,473 | -74.1% |
| Total equity and liabilities | 10/49 | €73,424 | €62,910 | -€10,513 | -14.3% |
| Equity | 10/15 | €51,457 | €56,631 | +€5,175 | +10.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €4,156 | €4,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,156 | €4,156 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,156 | €4,156 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,301 | €51,476 | +€5,175 | +11.2% |
| Amounts payable | 17/49 | €21,967 | €6,279 | -€15,688 | -71.4% |
| Amounts payable after more than one year | 17 | €3,031 | - | -€3,031 | |
| Financial debts | 170/4 | €3,031 | - | -€3,031 | |
| Amounts payable within one year | 42/48 | €18,936 | €6,279 | -€12,657 | -66.8% |
| Trade debts | 44 | €14,213 | €2,790 | -€11,423 | -80.4% |
| Suppliers | 440/4 | €14,213 | €2,790 | -€11,423 | -80.4% |
| Taxes, remuneration and social security | 45 | €4,723 | €3,488 | -€1,234 | -26.1% |
| Taxes | 450/3 | €4,723 | €3,488 | -€1,234 | -26.1% |
| Turnover | 70 | €137,898 | €114,317 | -€23,581 | -17.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €108,574 | €104,444 | -€4,130 | -3.8% |
| Remuneration, social security and pensions | 62 | €2,150 | - | -€2,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,709 | €2,424 | -€285 | -10.5% |
| Other operating charges | 640/8 | €2,774 | €409 | -€2,365 | -85.3% |
| Gross operating margin | 9900 | €29,324 | €9,873 | -€19,452 | -66.3% |
| Operating profit (loss) | 9901 | €21,692 | €7,040 | -€14,652 | -67.5% |
| Financial income | 75/76B | €980 | - | -€980 | |
| Recurring financial income | 75 | €980 | - | -€980 | |
| Financial charges | 65/66B | €1,442 | €140 | -€1,302 | -90.3% |
| Recurring financial charges | 65 | €1,442 | €140 | -€1,302 | -90.3% |
| Profit (loss) for the period before taxes | 9903 | €21,230 | €6,900 | -€14,331 | -67.5% |
| Income taxes | 67/77 | €5,308 | - | -€5,308 | |
| Profit (loss) for the period | 9904 | €15,923 | €6,900 | -€9,023 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,923 | €6,900 | -€9,023 | -56.7% |
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 6 October 2026 via checked.be.