D EN G 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 EN G CONSTRUCT
Largest movements
- Cash -€29,763
down €29,763 (-78.3%), from €38,000 to €8,238
mainly Debts after one year (-€70,935) and Trade debts (-€61,194)
- Tangible fixed assets -€25,621
down €25,621 (-5.2%), from €492,986 to €467,365
of which Leasing and similar rights: -€22,678
- Receivables within one year -€17,311
down €17,311 (-5.8%), from €296,792 to €279,481
of which Trade receivables: -€28,152
- Debts after one year -€70,935
down €70,935 (-26.8%), from €264,691 to €193,756
- Trade debts -€61,194
down €61,194 (-80.7%), from €75,840 to €14,646
- Profit (loss) carried forward +€49,337
up €49,337 (+82.6%), from €59,728 to €109,064
- Tax, wage and social debts +€20,149
up €20,149 (+302.5%), from €6,661 to €26,810
- Gross operating margin +€81,750
up €81,750 (+120.2%), from €67,993 to €149,744
- Depreciation +€23,737
up €23,737 (+74.8%), from €31,728 to €55,465
- Other operating charges -€17,438
down €17,438 (-63.6%), from €27,434 to €9,996
- Write-downs +€16,691
up €16,691, from -€16,691 to €0
- Taxes +€13,421
up €13,421 (+94.0%), from €14,273 to €27,695
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 | €926,542 | €853,983 | -€72,559 | -7.8% |
| Fixed assets | 21/28 | €514,463 | €488,842 | -€25,621 | -5.0% |
| Tangible fixed assets | 22/27 | €492,986 | €467,365 | -€25,621 | -5.2% |
| Land and buildings | 22 | €306,170 | €305,671 | -€499 | -0.2% |
| Plant, machinery and equipment | 23 | €74,419 | €69,625 | -€4,795 | -6.4% |
| Furniture and vehicles | 24 | - | €2,350 | +€2,350 | |
| Leasing and similar rights | 25 | €112,397 | €89,719 | -€22,678 | -20.2% |
| Financial fixed assets | 28 | €21,477 | €21,477 | = | 0.0% |
| Current assets | 29/58 | €412,079 | €365,141 | -€46,938 | -11.4% |
| Stocks and contracts in progress | 3 | €345 | €345 | = | 0.0% |
| Stocks | 30/36 | €345 | €345 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €296,792 | €279,481 | -€17,311 | -5.8% |
| Trade receivables | 40 | €153,320 | €125,168 | -€28,152 | -18.4% |
| Other amounts receivable | 41 | €143,472 | €154,313 | +€10,841 | +7.6% |
| Cash at bank and in hand | 54/58 | €38,000 | €8,238 | -€29,763 | -78.3% |
| Deferred charges and accrued income | 490/1 | €76,942 | €77,077 | +€136 | +0.2% |
| Total equity and liabilities | 10/49 | €926,542 | €853,983 | -€72,559 | -7.8% |
| Equity | 10/15 | €431,453 | €480,789 | +€49,337 | +11.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €352,725 | €352,725 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,848 | €60,848 | = | 0.0% |
| Distributable reserves | 133 | €291,877 | €291,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,728 | €109,064 | +€49,337 | +82.6% |
| Amounts payable | 17/49 | €495,090 | €373,194 | -€121,896 | -24.6% |
| Amounts payable after more than one year | 17 | €264,691 | €193,756 | -€70,935 | -26.8% |
| Financial debts | 170/4 | €264,691 | €193,756 | -€70,935 | -26.8% |
| Amounts payable within one year | 42/48 | €223,418 | €179,438 | -€43,979 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €71,642 | €71,907 | +€266 | +0.4% |
| Trade debts | 44 | €75,840 | €14,646 | -€61,194 | -80.7% |
| Suppliers | 440/4 | €75,840 | €14,646 | -€61,194 | -80.7% |
| Taxes, remuneration and social security | 45 | €6,661 | €26,810 | +€20,149 | +302.5% |
| Taxes | 450/3 | €6,661 | €26,810 | +€20,149 | +302.5% |
| Other amounts payable | 47/48 | €69,275 | €66,075 | -€3,200 | -4.6% |
| Accrued charges and deferred income | 492/3 | €6,981 | €0 | -€6,981 | -100.0% |
| Non-recurring operating income | 76A | €4,911 | €0 | -€4,911 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,728 | €55,465 | +€23,737 | +74.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€16,691 | €0 | +€16,691 | |
| Other operating charges | 640/8 | €27,434 | €9,996 | -€17,438 | -63.6% |
| Non-recurring operating charges | 66A | €1,119 | €0 | -€1,119 | -100.0% |
| Gross operating margin | 9900 | €67,993 | €149,744 | +€81,750 | +120.2% |
| Operating profit (loss) | 9901 | €24,403 | €84,282 | +€59,879 | +245.4% |
| Financial income | 75/76B | €76 | €0 | -€76 | -100.0% |
| Recurring financial income | 75 | €76 | €0 | -€76 | -100.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,871 | €7,251 | +€380 | +5.5% |
| Recurring financial charges | 65 | €6,871 | €7,251 | +€380 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €17,608 | €77,031 | +€59,423 | +337.5% |
| Income taxes | 67/77 | €14,273 | €27,695 | +€13,421 | +94.0% |
| Profit (loss) for the period | 9904 | €3,335 | €49,337 | +€46,002 | +1379.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,335 | €49,337 | +€46,002 | +1379.6% |
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 6 October 2026 via checked.be.