HAIDUC 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.
HAIDUC Construct
Largest movements
- Deferred charges and accrued income +€60,015
new in 2025: €60,015
- Cash -€55,467
no longer reported in 2025 (was €55,467)
mainly Net result for the year (-€165,858) and Deferred charges and accrued income (-€60,015)
- Receivables within one year +€15,022
up €15,022 (+11.9%), from €125,926 to €140,948
of which Trade receivables: +€7,958
- Tangible fixed assets -€9,414
down €9,414 (-21.3%), from €44,113 to €34,699
- Profit (loss) carried forward -€165,859
down €165,859, from €103,952 to -€61,907
- Provisions +€144,641
new in 2025: €144,641
- Short-term financial debts +€18,146
new in 2025: €18,146
- Other debts +€15,235
new in 2025: €15,235
- Tax, wage and social debts -€6,000
down €6,000 (-13.7%), from €43,750 to €37,750
- Turnover -€332,056
down €332,056 (-53.3%), from €622,875 to €290,819
- Purchases and services -€274,191
down €274,191 (-47.6%), from €575,739 to €301,549
- Staff costs +€105,997
new in 2025: €105,997
- Gross operating margin -€43,924
down €43,924 (-88.1%), from €49,844 to €5,920
- Financial charges +€19,253
up €19,253 (+1,260%), from €1,528 to €20,781
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 | €225,506 | €235,662 | +€10,156 | +4.5% |
| Fixed assets | 21/28 | €44,113 | €34,699 | -€9,414 | -21.3% |
| Tangible fixed assets | 22/27 | €44,113 | €34,699 | -€9,414 | -21.3% |
| Furniture and vehicles | 24 | €44,113 | €34,699 | -€9,414 | -21.3% |
| Current assets | 29/58 | €181,393 | €200,963 | +€19,570 | +10.8% |
| Amounts receivable within one year | 40/41 | €125,926 | €140,948 | +€15,022 | +11.9% |
| Trade receivables | 40 | €47,050 | €55,008 | +€7,958 | +16.9% |
| Other amounts receivable | 41 | €78,876 | €85,940 | +€7,064 | +9.0% |
| Cash at bank and in hand | 54/58 | €55,467 | - | -€55,467 | |
| Deferred charges and accrued income | 490/1 | - | €60,015 | +€60,015 | |
| Total equity and liabilities | 10/49 | €225,506 | €235,662 | +€10,156 | +4.5% |
| Equity | 10/15 | €106,152 | -€59,707 | -€165,859 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €200 | €200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Legal reserve | 130 | €200 | - | -€200 | |
| Reserves not available under the articles | 1311 | - | €200 | +€200 | |
| Profit (loss) carried forward | 14 | €103,952 | -€61,907 | -€165,859 | |
| Provisions and deferred taxes | 16 | - | €144,641 | +€144,641 | |
| Provisions for liabilities and charges | 160/5 | - | €144,641 | +€144,641 | |
| Other liabilities and charges | 164/5 | - | €144,641 | +€144,641 | |
| Amounts payable | 17/49 | €119,354 | €150,728 | +€31,374 | +26.3% |
| Amounts payable within one year | 42/48 | €119,354 | €150,728 | +€31,374 | +26.3% |
| Financial debts | 43 | - | €18,146 | +€18,146 | |
| Credit institutions | 430/8 | - | €18,146 | +€18,146 | |
| Trade debts | 44 | €68,717 | €72,710 | +€3,993 | +5.8% |
| Suppliers | 440/4 | €68,717 | €72,710 | +€3,993 | +5.8% |
| Advances received on contracts in progress | 46 | €6,887 | €6,887 | +€0 | 0.0% |
| Taxes, remuneration and social security | 45 | €43,750 | €37,750 | -€6,000 | -13.7% |
| Taxes | 450/3 | €43,750 | €37,750 | -€6,000 | -13.7% |
| Other amounts payable | 47/48 | - | €15,235 | +€15,235 | |
| Turnover | 70 | €622,875 | €290,819 | -€332,056 | -53.3% |
| Non-recurring operating income | 76A | €2,708 | - | -€2,708 | |
| Goods, raw materials, services and sundry goods | 60/61 | €575,739 | €301,549 | -€274,191 | -47.6% |
| Remuneration, social security and pensions | 62 | - | €105,997 | +€105,997 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,211 | €10,570 | -€2,641 | -20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,192 | +€14,192 | |
| Other operating charges | 640/8 | €4,114 | €1,990 | -€2,124 | -51.6% |
| Gross operating margin | 9900 | €49,844 | €5,920 | -€43,924 | -88.1% |
| Operating profit (loss) | 9901 | €32,519 | -€126,829 | -€159,348 | |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €1,528 | €20,781 | +€19,253 | +1,260% |
| Recurring financial charges | 65 | €1,528 | €20,781 | +€19,253 | +1,260% |
| Profit (loss) for the period before taxes | 9903 | €30,991 | -€147,551 | -€178,542 | |
| Income taxes | 67/77 | €8,343 | €18,307 | +€9,964 | +119% |
| Profit (loss) for the period | 9904 | €22,648 | -€165,858 | -€188,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,648 | -€165,858 | -€188,506 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.