D.L. CONSTRUCTION: 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.L. CONSTRUCTION
Largest movements
- Cash +€51,995
up €51,995 (+150%), from €34,642 to €86,637
mainly Depreciation (+€75,176) and Net result for the year (+€67,035)
- Receivables within one year +€22,909
up €22,909 (+92.1%), from €24,861 to €47,770
of which Trade receivables: +€20,601
- Reserves +€37,750
up €37,750 (+31.6%), from €119,500 to €157,250
- Other debts +€14,465
up €14,465 (+185%), from €7,839 to €22,304
- Debts after one year +€8,109
up €8,109 (+8.5%), from €95,499 to €103,608
- Profit (loss) carried forward +€7,035
up €7,035 (+16.0%), from €43,884 to €50,919
- Staff costs -€42,549
down €42,549 (-70.8%), from €60,067 to €17,518
- Depreciation +€25,229
up €25,229 (+50.5%), from €49,947 to €75,176
- Gross operating margin -€18,958
down €18,958 (-8.5%), from €223,979 to €205,021
- Other operating charges -€7,285
down €7,285 (-60.9%), from €11,962 to €4,677
- Financial charges +€3,790
up €3,790 (+61.1%), from €6,202 to €9,992
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 | €358,987 | €428,415 | +€69,429 | +19.3% |
| Fixed assets | 21/28 | €289,434 | €287,545 | -€1,888 | -0.7% |
| Tangible fixed assets | 22/27 | €288,144 | €286,256 | -€1,888 | -0.7% |
| Land and buildings | 22 | €74,755 | €74,755 | = | 0.0% |
| Plant, machinery and equipment | 23 | €39,862 | €27,788 | -€12,074 | -30.3% |
| Furniture and vehicles | 24 | €99,585 | €65,761 | -€33,824 | -34.0% |
| Leasing and similar rights | 25 | €73,942 | €117,952 | +€44,010 | +59.5% |
| Financial fixed assets | 28 | €1,290 | €1,290 | = | 0.0% |
| Current assets | 29/58 | €69,553 | €140,870 | +€71,317 | +103% |
| Stocks and contracts in progress | 3 | €4,511 | €3,758 | -€753 | -16.7% |
| Stocks | 30/36 | €4,511 | €3,758 | -€753 | -16.7% |
| Amounts receivable within one year | 40/41 | €24,861 | €47,770 | +€22,909 | +92.1% |
| Trade receivables | 40 | €14,861 | €35,462 | +€20,601 | +139% |
| Other amounts receivable | 41 | €10,000 | €12,308 | +€2,308 | +23.1% |
| Cash at bank and in hand | 54/58 | €34,642 | €86,637 | +€51,995 | +150% |
| Deferred charges and accrued income | 490/1 | €5,539 | €2,705 | -€2,833 | -51.2% |
| Total equity and liabilities | 10/49 | €358,987 | €428,415 | +€69,429 | +19.3% |
| Equity | 10/15 | €179,387 | €224,171 | +€44,785 | +25.0% |
| Contributions | 10/11 | €16,003 | €16,003 | = | 0.0% |
| Reserves | 13 | €119,500 | €157,250 | +€37,750 | +31.6% |
| Distributable reserves | 133 | €119,500 | €157,250 | +€37,750 | +31.6% |
| Profit (loss) carried forward | 14 | €43,884 | €50,919 | +€7,035 | +16.0% |
| Amounts payable | 17/49 | €179,600 | €204,244 | +€24,644 | +13.7% |
| Amounts payable after more than one year | 17 | €95,499 | €103,608 | +€8,109 | +8.5% |
| Financial debts | 170/4 | €95,499 | €103,608 | +€8,109 | +8.5% |
| Amounts payable within one year | 42/48 | €84,102 | €100,604 | +€16,503 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €52,187 | €50,219 | -€1,968 | -3.8% |
| Trade debts | 44 | €17,727 | €19,503 | +€1,776 | +10.0% |
| Suppliers | 440/4 | €17,727 | €19,503 | +€1,776 | +10.0% |
| Taxes, remuneration and social security | 45 | €6,348 | €8,577 | +€2,229 | +35.1% |
| Taxes | 450/3 | €695 | €2,800 | +€2,104 | +303% |
| Remuneration and social security | 454/9 | €5,653 | €5,778 | +€125 | +2.2% |
| Other amounts payable | 47/48 | €7,839 | €22,304 | +€14,465 | +185% |
| Accrued charges and deferred income | 492/3 | €0 | €32 | +€32 | |
| Remuneration, social security and pensions | 62 | €60,067 | €17,518 | -€42,549 | -70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,947 | €75,176 | +€25,229 | +50.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,962 | €4,677 | -€7,285 | -60.9% |
| Non-recurring operating charges | 66A | €3,436 | €6,536 | +€3,100 | +90.2% |
| Gross operating margin | 9900 | €223,979 | €205,021 | -€18,958 | -8.5% |
| Operating profit (loss) | 9901 | €98,566 | €101,113 | +€2,546 | +2.6% |
| Financial charges | 65/66B | €6,202 | €9,992 | +€3,790 | +61.1% |
| Recurring financial charges | 65 | €6,202 | €9,992 | +€3,790 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €92,364 | €91,120 | -€1,244 | -1.3% |
| Income taxes | 67/77 | €23,464 | €24,086 | +€622 | +2.6% |
| Profit (loss) for the period | 9904 | €68,900 | €67,035 | -€1,865 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,900 | €67,035 | -€1,865 | -2.7% |
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 18 October 2026 via checked.be.