CONSTRUCTIONS D.B.L.: 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.
What changed
CONSTRUCTIONS D.B.L.
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€161,306
2024 · €54,569+€106,737
Equity
€1.3m
2024 · €1.2m+€104,163
Cash
€89,083
2024 · €147,600-€58,517
Balance sheet total
€3.0m
2024 · €2.9m+€86,321
Largest movements
Assets
- Receivables after one year +€170,000
new in 2025: €170,000
- Current investments -€88,026
down €88,026 (-8.2%), from €1.1m to €979,384
- Cash -€58,517
down €58,517 (-39.6%), from €147,600 to €89,083
mainly Receivables after one year (-€170,000) and Trade debts (-€65,476)
- Receivables within one year +€41,333
up €41,333 (+3.3%), from €1.3m to €1.3m
Equity and liabilities
- Profit (loss) carried forward +€108,781
up €108,781 (+16.2%), from €673,228 to €782,009
- Trade debts -€65,476
down €65,476 (-8.5%), from €771,910 to €706,434
- Tax, wage and social debts +€47,943
up €47,943 (+107.4%), from €44,643 to €92,586
of which Taxes: +€43,621
Income statement
- Other operating charges -€116,883
down €116,883 (-94.8%), from €123,250 to €6,368
- Provisions -€100,000
no longer reported in 2025 (was €100,000)
- Taxes +€39,207
up €39,207 (+207.5%), from €18,892 to €58,099
- Gross operating margin -€30,244
down €30,244 (-7.5%), from €402,687 to €372,442
- Staff costs +€28,304
up €28,304 (+21.4%), from €132,359 to €160,663
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.
Result 2024
€54,569
Gross operating margin
-€30,244
Staff costs
-€28,304
Depreciation
-€4,559
Provisions
+€100,000
Other operating charges
+€116,883
Other operating items
+€2,422
Financial income
-€11,346
Financial charges
+€1,093
Taxes
-€39,207
Result 2025
€161,306
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.
From operations
-€76,576
Investment
+€75,201
Financing
-€57,143
Cash 2024
€147,600
From operations (derived)
-€76,576
Net result for the year
+€161,306
Depreciation
+€21,091
Receivables after one year
-€170,000
Stocks and contracts
-€11,771
Receivables within one year
-€41,333
Deferred charges and accrued income
-€18,028
Provisions
-€1,478
Trade debts
-€65,476
Tax, wage and social debts
+€47,943
Other debts
+€16,098
Accrued charges and deferred income
-€14,929
Investment (derived)
+€75,201
Investment in fixed assets (net)
-€12,825
Current investments
+€88,026
Financing
-€57,143
Contributions, distributions and other
-€57,143
Cash 2025
€89,083
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,903,673 | €2,989,995 | +€86,321 | +3.0% |
| Fixed assets | 21/28 | €412,846 | €404,580 | -€8,267 | -2.0% |
| Tangible fixed assets | 22/27 | €183,588 | €168,972 | -€14,617 | -8.0% |
| Land and buildings | 22 | €18,916 | €22,930 | +€4,014 | +21.2% |
| Plant, machinery and equipment | 23 | €5,804 | €2,997 | -€2,806 | -48.4% |
| Furniture and vehicles | 24 | €19,471 | €9,743 | -€9,728 | -50.0% |
| Other tangible fixed assets | 26 | €139,398 | €133,302 | -€6,096 | -4.4% |
| Financial fixed assets | 28 | €229,258 | €235,608 | +€6,350 | +2.8% |
| Current assets | 29/58 | €2,490,827 | €2,585,415 | +€94,588 | +3.8% |
| Amounts receivable after more than one year | 29 | - | €170,000 | +€170,000 | |
| Other amounts receivable | 291 | - | €170,000 | +€170,000 | |
| Stocks and contracts in progress | 3 | €9,532 | €21,303 | +€11,771 | +123.5% |
| Stocks | 30/36 | €9,532 | €21,303 | +€11,771 | +123.5% |
| Amounts receivable within one year | 40/41 | €1,265,786 | €1,307,119 | +€41,333 | +3.3% |
| Trade receivables | 40 | €1,265,786 | €1,307,119 | +€41,333 | +3.3% |
| Current investments | 50/53 | €1,067,410 | €979,384 | -€88,026 | -8.2% |
| Cash at bank and in hand | 54/58 | €147,600 | €89,083 | -€58,517 | -39.6% |
| Deferred charges and accrued income | 490/1 | €499 | €18,527 | +€18,028 | +3612.8% |
| Total equity and liabilities | 10/49 | €2,903,673 | €2,989,995 | +€86,321 | +3.0% |
| Equity | 10/15 | €1,184,433 | €1,288,597 | +€104,163 | +8.8% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €196,205 | €191,587 | -€4,618 | -2.4% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Legal reserve | 130 | €31,500 | €31,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €164,705 | €160,087 | -€4,618 | -2.8% |
| Profit (loss) carried forward | 14 | €673,228 | €782,009 | +€108,781 | +16.2% |
| Provisions and deferred taxes | 16 | €570,861 | €569,383 | -€1,478 | -0.3% |
| Provisions for liabilities and charges | 160/5 | €541,103 | €541,103 | = | 0.0% |
| Environmental obligations | 163 | €400,053 | €400,053 | = | 0.0% |
| Other liabilities and charges | 164/5 | €141,050 | €141,050 | = | 0.0% |
| Deferred taxes | 168 | €29,758 | €28,280 | -€1,478 | -5.0% |
| Amounts payable | 17/49 | €1,148,379 | €1,132,016 | -€16,363 | -1.4% |
| Amounts payable within one year | 42/48 | €1,129,509 | €1,128,074 | -€1,435 | -0.1% |
| Trade debts | 44 | €771,910 | €706,434 | -€65,476 | -8.5% |
| Suppliers | 440/4 | €771,910 | €706,434 | -€65,476 | -8.5% |
| Taxes, remuneration and social security | 45 | €44,643 | €92,586 | +€47,943 | +107.4% |
| Taxes | 450/3 | €30,424 | €74,045 | +€43,621 | +143.4% |
| Remuneration and social security | 454/9 | €14,219 | €18,542 | +€4,323 | +30.4% |
| Other amounts payable | 47/48 | €312,957 | €329,054 | +€16,098 | +5.1% |
| Accrued charges and deferred income | 492/3 | €18,870 | €3,941 | -€14,929 | -79.1% |
| Non-recurring operating income | 76A | €67,015 | €42,470 | -€24,545 | -36.6% |
| Remuneration, social security and pensions | 62 | €132,359 | €160,663 | +€28,304 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,532 | €21,091 | +€4,559 | +27.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €100,000 | - | -€100,000 | |
| Other operating charges | 640/8 | €123,250 | €6,368 | -€116,883 | -94.8% |
| Non-recurring operating charges | 66A | €5,215 | €2,794 | -€2,422 | -46.4% |
| Gross operating margin | 9900 | €402,687 | €372,442 | -€30,244 | -7.5% |
| Operating profit (loss) | 9901 | €25,330 | €181,527 | +€156,198 | +616.7% |
| Financial income | 75/76B | €60,095 | €48,748 | -€11,346 | -18.9% |
| Recurring financial income | 75 | €60,095 | €48,748 | -€11,346 | -18.9% |
| Financial charges | 65/66B | €13,442 | €12,349 | -€1,093 | -8.1% |
| Recurring financial charges | 65 | €13,442 | €12,349 | -€1,093 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €71,982 | €217,927 | +€145,944 | +202.8% |
| Transfer from deferred taxes | 780 | €1,478 | €1,478 | = | 0.0% |
| Income taxes | 67/77 | €18,892 | €58,099 | +€39,207 | +207.5% |
| Profit (loss) for the period | 9904 | €54,569 | €161,306 | +€106,737 | +195.6% |
| Transfer from tax-exempt reserves | 789 | €4,618 | €4,618 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,186 | €165,924 | +€106,737 | +180.3% |
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 12 October 2026 via checked.be.