H.E CONSTRUCTION: 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.
H.E CONSTRUCTION
Largest movements
- Receivables within one year -€1,132
down €1,132 (-38.4%), from €2,947 to €1,815
of which Trade receivables: -€1,891
- Cash -€390
down €390 (-92.3%), from €423 to €32
mainly Trade debts (-€2,569) and Net result for the year (-€1,940)
- Other debts +€2,988
new in 2025: €2,988
- Trade debts -€2,569
down €2,569 (-83.7%), from €3,069 to €500
- Profit (loss) carried forward -€1,940
down €1,940 (-20.0%), from -€9,699 to -€11,640
- Gross operating margin +€6,809
up €6,809 (+82.2%), from -€8,287 to -€1,478
- Purchases and services +€1,478
new in 2025: €1,478
- Other operating charges +€350
up €350 (+699%), from €50 to €400
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 | €3,370 | €1,848 | -€1,522 | -45.2% |
| Current assets | 29/58 | €3,370 | €1,848 | -€1,522 | -45.2% |
| Amounts receivable within one year | 40/41 | €2,947 | €1,815 | -€1,132 | -38.4% |
| Trade receivables | 40 | €2,947 | €1,056 | -€1,891 | -64.2% |
| Other amounts receivable | 41 | - | €759 | +€759 | |
| Cash at bank and in hand | 54/58 | €423 | €32 | -€390 | -92.3% |
| Total equity and liabilities | 10/49 | €3,370 | €1,848 | -€1,522 | -45.2% |
| Equity | 10/15 | €301 | -€1,640 | -€1,940 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,699 | -€11,640 | -€1,940 | -20.0% |
| Amounts payable | 17/49 | €3,069 | €3,488 | +€418 | +13.6% |
| Amounts payable within one year | 42/48 | €3,069 | €3,488 | +€418 | +13.6% |
| Trade debts | 44 | €3,069 | €500 | -€2,569 | -83.7% |
| Suppliers | 440/4 | €3,069 | €500 | -€2,569 | -83.7% |
| Other amounts payable | 47/48 | - | €2,988 | +€2,988 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,478 | +€1,478 | |
| Other operating charges | 640/8 | €50 | €400 | +€350 | +699% |
| Gross operating margin | 9900 | -€8,287 | -€1,478 | +€6,809 | +82.2% |
| Operating profit (loss) | 9901 | -€8,337 | -€1,877 | +€6,459 | +77.5% |
| Financial charges | 65/66B | €69 | €63 | -€6 | -8.7% |
| Recurring financial charges | 65 | €69 | €63 | -€6 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,406 | -€1,940 | +€6,465 | +76.9% |
| Profit (loss) for the period | 9904 | -€8,406 | -€1,940 | +€6,465 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,406 | -€1,940 | +€6,465 | +76.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.