D & D Build: 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.
D & D Build
Largest movements
- Tangible fixed assets +€42,277
up €42,277 (+49.3%), from €85,827 to €128,104
of which Other tangible fixed assets: +€25,000
- Cash -€23,959
down €23,959 (-66.8%), from €35,885 to €11,926
mainly Investment in fixed assets (net) (-€47,732) and Other debts (-€40,280)
- Receivables within one year -€14,569
down €14,569 (-64.9%), from €22,433 to €7,864
of which Trade receivables: -€20,600
- Deferred charges and accrued income -€6,681
down €6,681 (-33.3%), from €20,057 to €13,375
- Other debts -€40,280
down €40,280 (-71.7%), from €56,162 to €15,882
- Reserves +€28,014
new in 2025: €28,014
- Tax, wage and social debts +€6,801
up €6,801 (+84.6%), from €8,039 to €14,840
of which Remuneration and social security: +€4,800
- Trade debts +€2,533
new in 2025: €2,533
- Gross operating margin -€30,612
down €30,612 (-40.4%), from €75,760 to €45,148
- Taxes -€6,435
down €6,435 (-45.4%), from €14,170 to €7,735
- Financial charges +€1,654
up €1,654 (+159%), from €1,043 to €2,697
- Depreciation +€1,091
up €1,091 (+25.0%), from €4,363 to €5,454
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 | €164,202 | €161,269 | -€2,932 | -1.8% |
| Fixed assets | 21/28 | €85,827 | €128,104 | +€42,277 | +49.3% |
| Tangible fixed assets | 22/27 | €85,827 | €128,104 | +€42,277 | +49.3% |
| Land and buildings | 22 | €85,827 | €95,575 | +€9,749 | +11.4% |
| Furniture and vehicles | 24 | - | €7,529 | +€7,529 | |
| Other tangible fixed assets | 26 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €78,375 | €33,165 | -€45,210 | -57.7% |
| Amounts receivable within one year | 40/41 | €22,433 | €7,864 | -€14,569 | -64.9% |
| Trade receivables | 40 | €20,600 | - | -€20,600 | |
| Other amounts receivable | 41 | €1,833 | €7,864 | +€6,031 | +329% |
| Cash at bank and in hand | 54/58 | €35,885 | €11,926 | -€23,959 | -66.8% |
| Deferred charges and accrued income | 490/1 | €20,057 | €13,375 | -€6,681 | -33.3% |
| Total equity and liabilities | 10/49 | €164,202 | €161,269 | -€2,932 | -1.8% |
| Equity | 10/15 | €100,000 | €128,014 | +€28,014 | +28.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €28,014 | +€28,014 | |
| Distributable reserves | 133 | - | €28,014 | +€28,014 | |
| Amounts payable | 17/49 | €64,202 | €33,256 | -€30,946 | -48.2% |
| Amounts payable within one year | 42/48 | €64,202 | €33,256 | -€30,946 | -48.2% |
| Trade debts | 44 | - | €2,533 | +€2,533 | |
| Suppliers | 440/4 | - | €2,533 | +€2,533 | |
| Taxes, remuneration and social security | 45 | €8,039 | €14,840 | +€6,801 | +84.6% |
| Taxes | 450/3 | €8,039 | €10,040 | +€2,001 | +24.9% |
| Remuneration and social security | 454/9 | - | €4,800 | +€4,800 | |
| Other amounts payable | 47/48 | €56,162 | €15,882 | -€40,280 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,363 | €5,454 | +€1,091 | +25.0% |
| Other operating charges | 640/8 | €581 | €1,258 | +€677 | +117% |
| Gross operating margin | 9900 | €75,760 | €45,148 | -€30,612 | -40.4% |
| Operating profit (loss) | 9901 | €70,815 | €38,436 | -€32,380 | -45.7% |
| Financial income | 75/76B | €452 | €10 | -€442 | -97.9% |
| Recurring financial income | 75 | €452 | €10 | -€442 | -97.9% |
| Financial charges | 65/66B | €1,043 | €2,697 | +€1,654 | +159% |
| Recurring financial charges | 65 | €1,043 | €2,697 | +€1,654 | +159% |
| Profit (loss) for the period before taxes | 9903 | €70,225 | €35,749 | -€34,476 | -49.1% |
| Income taxes | 67/77 | €14,170 | €7,735 | -€6,435 | -45.4% |
| Profit (loss) for the period | 9904 | €56,054 | €28,014 | -€28,041 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,054 | €28,014 | -€28,041 | -50.0% |
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 28 October 2026 via checked.be.