N&H 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.
N&H CONSTRUCT
Largest movements
- Receivables within one year +€177,896
up €177,896 (+185.5%), from €95,914 to €273,811
of which Trade receivables: +€173,815
- Stocks and contracts -€3,343
down €3,343 (-18.1%), from €18,473 to €15,130
- Trade debts +€157,005
up €157,005 (+160.0%), from €98,130 to €255,135
- Tax, wage and social debts +€9,029
up €9,029 (+72.7%), from €12,424 to €21,453
of which Remuneration and social security: +€8,563
- Profit (loss) carried forward +€4,854
up €4,854 (+318.5%), from €1,524 to €6,378
- Other debts +€4,536
up €4,536 (+966.1%), from €469 to €5,005
- Gross operating margin +€24,844
up €24,844 (+86.2%), from €28,816 to €53,661
- Staff costs +€20,383
up €20,383 (+79.8%), from €25,553 to €45,936
- Taxes +€871
up €871 (+228.6%), from €381 to €1,252
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 | €117,547 | €292,971 | +€175,424 | +149.2% |
| Current assets | 29/58 | €117,547 | €292,971 | +€175,424 | +149.2% |
| Stocks and contracts in progress | 3 | €18,473 | €15,130 | -€3,343 | -18.1% |
| Stocks | 30/36 | €18,473 | €15,130 | -€3,343 | -18.1% |
| Amounts receivable within one year | 40/41 | €95,914 | €273,811 | +€177,896 | +185.5% |
| Trade receivables | 40 | €95,914 | €269,730 | +€173,815 | +181.2% |
| Other amounts receivable | 41 | - | €4,081 | +€4,081 | |
| Cash at bank and in hand | 54/58 | €3,160 | €4,031 | +€871 | +27.6% |
| Total equity and liabilities | 10/49 | €117,547 | €292,971 | +€175,424 | +149.2% |
| Equity | 10/15 | €6,524 | €11,378 | +€4,854 | +74.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,524 | €6,378 | +€4,854 | +318.5% |
| Amounts payable | 17/49 | €111,023 | €281,593 | +€170,570 | +153.6% |
| Amounts payable within one year | 42/48 | €111,023 | €281,593 | +€170,570 | +153.6% |
| Trade debts | 44 | €98,130 | €255,135 | +€157,005 | +160.0% |
| Suppliers | 440/4 | €98,130 | €255,135 | +€157,005 | +160.0% |
| Taxes, remuneration and social security | 45 | €12,424 | €21,453 | +€9,029 | +72.7% |
| Taxes | 450/3 | €3,146 | €3,612 | +€467 | +14.8% |
| Remuneration and social security | 454/9 | €9,278 | €17,841 | +€8,563 | +92.3% |
| Other amounts payable | 47/48 | €469 | €5,005 | +€4,536 | +966.1% |
| Remuneration, social security and pensions | 62 | €25,553 | €45,936 | +€20,383 | +79.8% |
| Other operating charges | 640/8 | €1,336 | €1,525 | +€189 | +14.1% |
| Gross operating margin | 9900 | €28,816 | €53,661 | +€24,844 | +86.2% |
| Operating profit (loss) | 9901 | €1,928 | €6,201 | +€4,273 | +221.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23 | €94 | +€71 | +312.0% |
| Recurring financial charges | 65 | €23 | €94 | +€71 | +312.0% |
| Profit (loss) for the period before taxes | 9903 | €1,905 | €6,106 | +€4,201 | +220.6% |
| Income taxes | 67/77 | €381 | €1,252 | +€871 | +228.6% |
| Profit (loss) for the period | 9904 | €1,524 | €4,854 | +€3,330 | +218.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,524 | €4,854 | +€3,330 | +218.5% |
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.