D.E 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.E CONSTRUCT
Largest movements
- Receivables within one year +€63,214
up €63,214 (+114.4%), from €55,273 to €118,487
of which Trade receivables: +€65,783
- Tangible fixed assets -€31,558
down €31,558 (-27.7%), from €113,824 to €82,266
of which Furniture and vehicles: -€24,477
- Cash -€10,285
down €10,285 (-5.4%), from €189,967 to €179,682
mainly Receivables within one year (-€63,214) and Debts after one year (-€38,835)
- Profit (loss) carried forward +€51,722
up €51,722 (+63.6%), from €81,279 to €133,001
- Tax, wage and social debts +€43,825
up €43,825 (+280.9%), from €15,603 to €59,428
of which Remuneration and social security: +€22,624
- Debts after one year -€38,835
down €38,835 (-62.6%), from €62,079 to €23,244
- Trade debts -€32,876
down €32,876 (-53.8%), from €61,163 to €28,287
- Gross operating margin +€222,332
up €222,332 (+202.3%), from €109,897 to €332,229
- Staff costs +€77,418
up €77,418 (+72.2%), from €107,268 to €184,686
- Taxes +€26,203
up €26,203, from -€4,786 to €21,417
- Depreciation -€8,374
down €8,374 (-12.9%), from €65,087 to €56,713
- Other operating charges +€7,491
up €7,491 (+294.3%), from €2,545 to €10,036
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 | €363,697 | €384,601 | +€20,904 | +5.7% |
| Fixed assets | 21/28 | €113,824 | €82,266 | -€31,558 | -27.7% |
| Tangible fixed assets | 22/27 | €113,824 | €82,266 | -€31,558 | -27.7% |
| Plant, machinery and equipment | 23 | - | €3,812 | +€3,812 | |
| Furniture and vehicles | 24 | €102,931 | €78,454 | -€24,477 | -23.8% |
| Leasing and similar rights | 25 | €10,893 | €0 | -€10,893 | -100.0% |
| Current assets | 29/58 | €249,873 | €302,335 | +€52,462 | +21.0% |
| Amounts receivable within one year | 40/41 | €55,273 | €118,487 | +€63,214 | +114.4% |
| Trade receivables | 40 | €47,588 | €113,371 | +€65,783 | +138.2% |
| Other amounts receivable | 41 | €7,685 | €5,116 | -€2,569 | -33.4% |
| Cash at bank and in hand | 54/58 | €189,967 | €179,682 | -€10,285 | -5.4% |
| Deferred charges and accrued income | 490/1 | €4,633 | €4,167 | -€466 | -10.1% |
| Total equity and liabilities | 10/49 | €363,697 | €384,601 | +€20,904 | +5.7% |
| Equity | 10/15 | €183,779 | €235,501 | +€51,722 | +28.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,279 | €133,001 | +€51,722 | +63.6% |
| Amounts payable | 17/49 | €179,918 | €149,100 | -€30,818 | -17.1% |
| Amounts payable after more than one year | 17 | €62,079 | €23,244 | -€38,835 | -62.6% |
| Financial debts | 170/4 | €62,079 | €23,244 | -€38,835 | -62.6% |
| Amounts payable within one year | 42/48 | €115,418 | €125,856 | +€10,438 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €38,652 | €38,141 | -€511 | -1.3% |
| Trade debts | 44 | €61,163 | €28,287 | -€32,876 | -53.8% |
| Suppliers | 440/4 | €61,163 | €28,287 | -€32,876 | -53.8% |
| Taxes, remuneration and social security | 45 | €15,603 | €59,428 | +€43,825 | +280.9% |
| Taxes | 450/3 | €216 | €21,417 | +€21,201 | +9815.2% |
| Remuneration and social security | 454/9 | €15,387 | €38,011 | +€22,624 | +147.0% |
| Accrued charges and deferred income | 492/3 | €2,421 | €0 | -€2,421 | -100.0% |
| Non-recurring operating income | 76A | - | €7,112 | +€7,112 | |
| Remuneration, social security and pensions | 62 | €107,268 | €184,686 | +€77,418 | +72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,087 | €56,713 | -€8,374 | -12.9% |
| Other operating charges | 640/8 | €2,545 | €10,036 | +€7,491 | +294.3% |
| Non-recurring operating charges | 66A | - | €5,562 | +€5,562 | |
| Gross operating margin | 9900 | €109,897 | €332,229 | +€222,332 | +202.3% |
| Operating profit (loss) | 9901 | -€65,003 | €75,233 | +€140,236 | |
| Financial income | 75/76B | €5 | €1,776 | +€1,771 | +35424.2% |
| Recurring financial income | 75 | €5 | €1,776 | +€1,771 | +35424.2% |
| Financial charges | 65/66B | €5,234 | €3,871 | -€1,363 | -26.0% |
| Recurring financial charges | 65 | €5,234 | €3,871 | -€1,363 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€70,232 | €73,139 | +€143,371 | |
| Income taxes | 67/77 | -€4,786 | €21,417 | +€26,203 | |
| Profit (loss) for the period | 9904 | -€65,446 | €51,722 | +€117,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,446 | €51,722 | +€117,168 |
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 5 October 2026 via checked.be.