D-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.
D-CONSTRUCT
Largest movements
- Receivables within one year +€17,638
up €17,638 (+23.6%), from €74,724 to €92,362
of which Trade receivables: +€9,233
- Cash +€12,446
up €12,446 (+410.2%), from €3,034 to €15,480
mainly Other debts (+€83,235) and Net result for the year (+€41,219)
- Deferred charges and accrued income -€11,740
down €11,740 (-92.4%), from €12,704 to €964
- Other debts +€83,235
new in 2025: €83,235
- Profit (loss) carried forward -€42,016
down €42,016 (-100.0%), from €42,016 to €0
- Accrued charges and deferred income -€17,500
down €17,500 (-100.0%), from €17,500 to €0
- Debts after one year -€4,334
down €4,334 (-44.3%), from €9,778 to €5,444
- Trade debts +€3,567
up €3,567 (+57.1%), from €6,241 to €9,808
- Gross operating margin +€45,385
up €45,385 (+248.8%), from €18,241 to €63,626
- Taxes +€8,619
up €8,619 (+385.1%), from €2,238 to €10,857
- Financial charges -€2,131
down €2,131 (-27.4%), from €7,774 to €5,643
- Financial income -€850
down €850 (-100.0%), from €850 to €0
- Depreciation +€706
up €706 (+19.9%), from €3,553 to €4,259
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 | €156,437 | €176,678 | +€20,241 | +12.9% |
| Fixed assets | 21/28 | €23,290 | €24,201 | +€911 | +3.9% |
| Tangible fixed assets | 22/27 | €23,290 | €24,201 | +€911 | +3.9% |
| Land and buildings | 22 | €14,604 | €14,270 | -€333 | -2.3% |
| Plant, machinery and equipment | 23 | €2,385 | €1,702 | -€683 | -28.6% |
| Furniture and vehicles | 24 | €6,302 | €8,229 | +€1,927 | +30.6% |
| Current assets | 29/58 | €133,147 | €152,476 | +€19,329 | +14.5% |
| Amounts receivable after more than one year | 29 | €23,812 | €23,812 | = | 0.0% |
| Other amounts receivable | 291 | €23,812 | €23,812 | = | 0.0% |
| Stocks and contracts in progress | 3 | €18,873 | €19,858 | +€985 | +5.2% |
| Stocks | 30/36 | €18,873 | €19,858 | +€985 | +5.2% |
| Amounts receivable within one year | 40/41 | €74,724 | €92,362 | +€17,638 | +23.6% |
| Trade receivables | 40 | €4,237 | €13,470 | +€9,233 | +217.9% |
| Other amounts receivable | 41 | €70,488 | €78,892 | +€8,405 | +11.9% |
| Cash at bank and in hand | 54/58 | €3,034 | €15,480 | +€12,446 | +410.2% |
| Deferred charges and accrued income | 490/1 | €12,704 | €964 | -€11,740 | -92.4% |
| Total equity and liabilities | 10/49 | €156,437 | €176,678 | +€20,241 | +12.9% |
| Equity | 10/15 | €90,016 | €48,000 | -€42,016 | -46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,016 | €0 | -€42,016 | -100.0% |
| Amounts payable | 17/49 | €66,421 | €128,678 | +€62,256 | +93.7% |
| Amounts payable after more than one year | 17 | €9,778 | €5,444 | -€4,334 | -44.3% |
| Financial debts | 170/4 | €9,778 | €5,444 | -€4,334 | -44.3% |
| Amounts payable within one year | 42/48 | €39,144 | €123,234 | +€84,090 | +214.8% |
| Current portion of amounts payable after more than one year | 42 | €5,003 | €4,334 | -€669 | -13.4% |
| Financial debts | 43 | €27,704 | €25,000 | -€2,704 | -9.8% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Other loans | 439 | €2,704 | €0 | -€2,704 | -100.0% |
| Trade debts | 44 | €6,241 | €9,808 | +€3,567 | +57.1% |
| Suppliers | 440/4 | €6,241 | €9,808 | +€3,567 | +57.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €195 | €857 | +€662 | +339.4% |
| Taxes | 450/3 | €195 | €857 | +€662 | +339.4% |
| Other amounts payable | 47/48 | - | €83,235 | +€83,235 | |
| Accrued charges and deferred income | 492/3 | €17,500 | €0 | -€17,500 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,553 | €4,259 | +€706 | +19.9% |
| Other operating charges | 640/8 | €1,571 | €919 | -€653 | -41.5% |
| Non-recurring operating charges | 66A | - | €729 | +€729 | |
| Gross operating margin | 9900 | €18,241 | €63,626 | +€45,385 | +248.8% |
| Operating profit (loss) | 9901 | €13,117 | €57,719 | +€44,602 | +340.0% |
| Financial income | 75/76B | €850 | €0 | -€850 | -100.0% |
| Recurring financial income | 75 | €850 | €0 | -€850 | -100.0% |
| Financial charges | 65/66B | €7,774 | €5,643 | -€2,131 | -27.4% |
| Recurring financial charges | 65 | €7,774 | €5,643 | -€2,131 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €6,193 | €52,077 | +€45,883 | +740.9% |
| Income taxes | 67/77 | €2,238 | €10,857 | +€8,619 | +385.1% |
| Profit (loss) for the period | 9904 | €3,955 | €41,219 | +€37,264 | +942.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,955 | €41,219 | +€37,264 | +942.1% |
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 8 October 2026 via checked.be.