D.S. CONSTRUCT: 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.S. CONSTRUCT
Largest movements
- Cash +€188,837
up €188,837 (+703%), from €26,876 to €215,714
mainly Net result for the year (+€180,163) and Depreciation (+€15,805)
- Receivables within one year -€6,263
down €6,263 (-31.7%), from €19,757 to €13,494
of which Other amounts receivable: -€7,084
- Tangible fixed assets +€3,616
up €3,616 (+6.6%), from €55,177 to €58,793
- Reserves +€180,163
up €180,163 (+773%), from €23,319 to €203,482
of which Distributable reserves: +€180,163
- Tax, wage and social debts +€14,003
up €14,003 (+204%), from €6,853 to €20,856
of which Taxes: +€16,653
- Debts after one year -€8,410
down €8,410 (-21.4%), from €39,333 to €30,923
- Gross operating margin +€219,572
up €219,572 (+659%), from €33,342 to €252,914
- Taxes +€49,115
up €49,115 (+1,169%), from €4,203 to €53,318
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 | €101,810 | €288,728 | +€186,918 | +184% |
| Fixed assets | 21/28 | €55,177 | €58,793 | +€3,616 | +6.6% |
| Tangible fixed assets | 22/27 | €55,177 | €58,793 | +€3,616 | +6.6% |
| Furniture and vehicles | 24 | €55,177 | €58,793 | +€3,616 | +6.6% |
| Current assets | 29/58 | €46,633 | €229,935 | +€183,302 | +393% |
| Amounts receivable within one year | 40/41 | €19,757 | €13,494 | -€6,263 | -31.7% |
| Trade receivables | 40 | €11,040 | €11,861 | +€821 | +7.4% |
| Other amounts receivable | 41 | €8,717 | €1,633 | -€7,084 | -81.3% |
| Cash at bank and in hand | 54/58 | €26,876 | €215,714 | +€188,837 | +703% |
| Deferred charges and accrued income | 490/1 | - | €727 | +€727 | |
| Total equity and liabilities | 10/49 | €101,810 | €288,728 | +€186,918 | +184% |
| Equity | 10/15 | €35,719 | €215,882 | +€180,163 | +504% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,319 | €203,482 | +€180,163 | +773% |
| Non-distributable reserves | 130/1 | €542 | €542 | = | 0.0% |
| Reserves not available under the articles | 1311 | €542 | €542 | = | 0.0% |
| Distributable reserves | 133 | €22,777 | €202,940 | +€180,163 | +791% |
| Amounts payable | 17/49 | €66,091 | €72,846 | +€6,754 | +10.2% |
| Amounts payable after more than one year | 17 | €39,333 | €30,923 | -€8,410 | -21.4% |
| Financial debts | 170/4 | €39,333 | €30,923 | -€8,410 | -21.4% |
| Amounts payable within one year | 42/48 | €26,758 | €41,922 | +€15,165 | +56.7% |
| Current portion of amounts payable after more than one year | 42 | €8,041 | €8,410 | +€369 | +4.6% |
| Trade debts | 44 | €89 | €2,426 | +€2,338 | +2,635% |
| Suppliers | 440/4 | €89 | €2,426 | +€2,338 | +2,635% |
| Taxes, remuneration and social security | 45 | €6,853 | €20,856 | +€14,003 | +204% |
| Taxes | 450/3 | €4,203 | €20,856 | +€16,653 | +396% |
| Remuneration and social security | 454/9 | €2,650 | - | -€2,650 | |
| Other amounts payable | 47/48 | €11,775 | €10,229 | -€1,545 | -13.1% |
| Remuneration, social security and pensions | 62 | - | €199 | +€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,379 | €15,805 | +€1,426 | +9.9% |
| Other operating charges | 640/8 | €490 | €1,334 | +€845 | +173% |
| Gross operating margin | 9900 | €33,342 | €252,914 | +€219,572 | +659% |
| Operating profit (loss) | 9901 | €18,473 | €235,576 | +€217,102 | +1,175% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,412 | €2,096 | -€316 | -13.1% |
| Recurring financial charges | 65 | €2,412 | €2,096 | -€316 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €16,062 | €233,481 | +€217,420 | +1,354% |
| Income taxes | 67/77 | €4,203 | €53,318 | +€49,115 | +1,169% |
| Profit (loss) for the period | 9904 | €11,858 | €180,163 | +€168,305 | +1,419% |
| Profit (loss) for the period to be appropriated | 9905 | €11,858 | €180,163 | +€168,305 | +1,419% |
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 15 October 2026 via checked.be.