D&S 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&S Construct
Largest movements
- Stocks and contracts +€272,028
new in 2024: €272,028
- Cash -€65,986
down €65,986 (-49.1%), from €134,498 to €68,512
mainly Stocks and contracts (-€272,028) and Receivables within one year (-€38,931)
- Receivables within one year +€38,931
up €38,931 (+51.0%), from €76,292 to €115,224
of which Other amounts receivable: +€25,344
- Debts after one year +€123,800
new in 2024: €123,800
- Tax, wage and social debts +€50,372
up €50,372 (+99.5%), from €50,601 to €100,973
of which Taxes: +€34,522
- Reserves +€42,507
up €42,507 (+70.8%), from €60,076 to €102,583
- Trade debts +€33,967
up €33,967 (+108.1%), from €31,429 to €65,396
- Financial charges -€10,590
down €10,590 (-96.5%), from €10,971 to €381
- Gross operating margin -€5,514
down €5,514 (-8.0%), from €68,523 to €63,009
- Depreciation -€5,438
down €5,438 (-46.4%), from €11,722 to €6,284
- Taxes +€1,338
up €1,338 (+13.7%), from €9,800 to €11,138
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,406 | €470,683 | +€250,277 | +113.6% |
| Fixed assets | 21/28 | €9,616 | €11,111 | +€1,494 | +15.5% |
| Tangible fixed assets | 22/27 | €9,616 | €11,111 | +€1,494 | +15.5% |
| Plant, machinery and equipment | 23 | €8,018 | €11,111 | +€3,092 | +38.6% |
| Furniture and vehicles | 24 | €1,598 | - | -€1,598 | |
| Current assets | 29/58 | €210,790 | €459,573 | +€248,783 | +118.0% |
| Stocks and contracts in progress | 3 | - | €272,028 | +€272,028 | |
| Stocks | 30/36 | - | €272,028 | +€272,028 | |
| Amounts receivable within one year | 40/41 | €76,292 | €115,224 | +€38,931 | +51.0% |
| Trade receivables | 40 | €44,127 | €57,714 | +€13,588 | +30.8% |
| Other amounts receivable | 41 | €32,166 | €57,509 | +€25,344 | +78.8% |
| Cash at bank and in hand | 54/58 | €134,498 | €68,512 | -€65,986 | -49.1% |
| Deferred charges and accrued income | 490/1 | - | €3,809 | +€3,809 | |
| Total equity and liabilities | 10/49 | €220,406 | €470,683 | +€250,277 | +113.6% |
| Equity | 10/15 | €62,076 | €104,583 | +€42,507 | +68.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,076 | €102,583 | +€42,507 | +70.8% |
| Distributable reserves | 133 | €60,076 | €102,583 | +€42,507 | +70.8% |
| Amounts payable | 17/49 | €158,330 | €366,100 | +€207,770 | +131.2% |
| Amounts payable after more than one year | 17 | - | €123,800 | +€123,800 | |
| Financial debts | 170/4 | - | €123,800 | +€123,800 | |
| Amounts payable within one year | 42/48 | €158,330 | €242,300 | +€83,970 | +53.0% |
| Trade debts | 44 | €31,429 | €65,396 | +€33,967 | +108.1% |
| Suppliers | 440/4 | €31,429 | €65,396 | +€33,967 | +108.1% |
| Taxes, remuneration and social security | 45 | €50,601 | €100,973 | +€50,372 | +99.5% |
| Taxes | 450/3 | €9,801 | €44,323 | +€34,522 | +352.2% |
| Remuneration and social security | 454/9 | €40,800 | €56,650 | +€15,850 | +38.8% |
| Other amounts payable | 47/48 | €76,301 | €75,931 | -€369 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,722 | €6,284 | -€5,438 | -46.4% |
| Other operating charges | 640/8 | €2,437 | €2,699 | +€262 | +10.8% |
| Gross operating margin | 9900 | €68,523 | €63,009 | -€5,514 | -8.0% |
| Operating profit (loss) | 9901 | €54,364 | €54,026 | -€338 | -0.6% |
| Financial charges | 65/66B | €10,971 | €381 | -€10,590 | -96.5% |
| Recurring financial charges | 65 | €10,971 | €381 | -€10,590 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €43,393 | €53,645 | +€10,252 | +23.6% |
| Income taxes | 67/77 | €9,800 | €11,138 | +€1,338 | +13.7% |
| Profit (loss) for the period | 9904 | €33,593 | €42,507 | +€8,914 | +26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,593 | €42,507 | +€8,914 | +26.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.