D.S.V.: what changed
What changed
D.S.V.
NACE 41.003, General construction of other non-residential buildings
filed annual accounts (NBB)
Net result for the year
-€65,181
2024 · -€581,989+€516,808
Equity
€4.1m
2024 · €4.2m-€65,181
Cash
€1.1m
2024 · €798,642+€305,457
Balance sheet total
€10.8m
2024 · €12.1m-€1.3m
Largest movements
Assets
- Receivables within one year -€1.3m
down €1.3m (-25.8%), from €5.2m to €3.9m
of which Trade receivables: -€1.4m
- Cash +€305,457
up €305,457 (+38.2%), from €798,642 to €1.1m
mainly Receivables within one year (+€1.3m) and Depreciation (+€527,426)
- Tangible fixed assets -€233,925
down €233,925 (-11.2%), from €2.1m to €1.8m
of which Leasing and similar rights: -€243,521
Equity and liabilities
- Short-term financial debts -€1.2m
down €1.2m (-35.6%), from €3.3m to €2.1m
- Debts after one year -€394,444
down €394,444 (-42.6%), from €926,634 to €532,190
- Provisions +€284,998
up €284,998 (+525%), from €54,326 to €339,324
- Accrued charges and deferred income -€207,911
down €207,911 (-76.0%), from €273,732 to €65,821
- Tax, wage and social debts +€152,736
up €152,736 (+64.4%), from €237,008 to €389,744
of which Remuneration and social security: +€149,150
Income statement
- Goods and materials -€1.5m
down €1.5m (-11.2%), from €13.2m to €11.7m
of which Purchases: -€940,988
- Provisions +€301,538
up €301,538, from -€16,540 to €284,998
- Staff costs +€284,549
up €284,549 (+7.1%), from €4.0m to €4.3m
- Turnover -€234,495
down €234,495 (-1.2%), from €20.2m to €19.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€581,989
Turnover
-€234,495
Other operating income
-€34,044
Goods and materials
+€1.5m
Services and other goods
+€167,635
Staff costs
-€284,549
Depreciation
+€27,610
Write-downs
+€181,672
Provisions
-€301,538
Other operating charges
-€94,286
Other operating items
-€398,238
Financial income
+€7,302
Financial charges
+€5,471
Taxes
-€5
Result 2025
-€65,181
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.2m
Investment
-€293,500
Financing
-€1.6m
Cash 2024
€798,642
From operations (derived)
+€2.2m
Net result for the year
-€65,181
Depreciation
+€527,426
Stocks and contracts
-€17,508
Receivables within one year
+€1.3m
Deferred charges and accrued income
+€37,774
Provisions
+€284,998
Trade debts
+€113,883
Tax, wage and social debts
+€152,736
Accrued charges and deferred income
-€207,911
Investment (derived)
-€293,500
Investment in fixed assets (net)
-€293,500
Financing
-€1.6m
Debts after one year
-€394,444
Current portion of long-term debt
+€3,678
Short-term financial debts
-€1.2m
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,107,441 | €10,819,184 | -€1.3m | -10.6% |
| Fixed assets | 21/28 | €2,082,926 | €1,849,001 | -€233,925 | -11.2% |
| Tangible fixed assets | 22/27 | €2,082,926 | €1,849,001 | -€233,925 | -11.2% |
| Land and buildings | 22 | €617,607 | €598,802 | -€18,805 | -3.0% |
| Plant, machinery and equipment | 23 | €229,264 | €225,878 | -€3,387 | -1.5% |
| Furniture and vehicles | 24 | €53,603 | €85,391 | +€31,788 | +59.3% |
| Leasing and similar rights | 25 | €1,182,451 | €938,930 | -€243,521 | -20.6% |
| Current assets | 29/58 | €10,024,515 | €8,970,183 | -€1.1m | -10.5% |
| Stocks and contracts in progress | 3 | €3,935,304 | €3,952,812 | +€17,508 | +0.4% |
| Stocks | 30/36 | €262,005 | €539,356 | +€277,351 | +106% |
| Raw materials and consumables | 30/31 | €262,005 | €539,356 | +€277,351 | +106% |
| Contracts in progress | 37 | €3,673,299 | €3,413,457 | -€259,843 | -7.1% |
| Amounts receivable within one year | 40/41 | €5,190,067 | €3,850,544 | -€1.3m | -25.8% |
| Trade receivables | 40 | €4,353,166 | €2,982,093 | -€1.4m | -31.5% |
| Other amounts receivable | 41 | €836,901 | €868,451 | +€31,549 | +3.8% |
| Cash at bank and in hand | 54/58 | €798,642 | €1,104,099 | +€305,457 | +38.2% |
| Deferred charges and accrued income | 490/1 | €100,502 | €62,728 | -€37,774 | -37.6% |
| Total equity and liabilities | 10/49 | €12,107,441 | €10,819,184 | -€1.3m | -10.6% |
| Equity | 10/15 | €4,209,671 | €4,144,490 | -€65,181 | -1.5% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Revaluation surpluses | 12 | €58,313 | €43,740 | -€14,573 | -25.0% |
| Reserves | 13 | €3,621,605 | €3,636,178 | +€14,573 | +0.4% |
| Non-distributable reserves | 130/1 | €1,304,414 | €1,331,214 | +€26,800 | +2.1% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Financial assistance | 1313 | €616,500 | €643,300 | +€26,800 | +4.3% |
| Other | 1319 | €665,604 | €665,604 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €2,317,191 | €2,304,964 | -€12,227 | -0.5% |
| Profit (loss) carried forward | 14 | €306,648 | €241,468 | -€65,181 | -21.3% |
| Provisions and deferred taxes | 16 | €54,326 | €339,324 | +€284,998 | +525% |
| Provisions for liabilities and charges | 160/5 | €54,326 | €339,324 | +€284,998 | +525% |
| Pensions and similar obligations | 160 | €17,032 | €30,933 | +€13,901 | +81.6% |
| Other liabilities and charges | 164/5 | €37,294 | €308,390 | +€271,097 | +727% |
| Amounts payable | 17/49 | €7,843,445 | €6,335,370 | -€1.5m | -19.2% |
| Amounts payable after more than one year | 17 | €926,634 | €532,190 | -€394,444 | -42.6% |
| Financial debts | 170/4 | €926,634 | €532,190 | -€394,444 | -42.6% |
| Leasing and similar obligations | 172 | €700,775 | €431,119 | -€269,657 | -38.5% |
| Credit institutions | 173 | €225,859 | €101,071 | -€124,788 | -55.3% |
| Amounts payable within one year | 42/48 | €6,643,078 | €5,737,359 | -€905,720 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €557,267 | €560,945 | +€3,678 | +0.7% |
| Financial debts | 43 | €3,302,318 | €2,126,302 | -€1.2m | -35.6% |
| Credit institutions | 430/8 | €3,302,318 | €2,126,302 | -€1.2m | -35.6% |
| Trade debts | 44 | €2,546,485 | €2,660,367 | +€113,883 | +4.5% |
| Suppliers | 440/4 | €2,546,485 | €2,660,367 | +€113,883 | +4.5% |
| Taxes, remuneration and social security | 45 | €237,008 | €389,744 | +€152,736 | +64.4% |
| Taxes | 450/3 | €45,343 | €48,930 | +€3,586 | +7.9% |
| Remuneration and social security | 454/9 | €191,665 | €340,815 | +€149,150 | +77.8% |
| Accrued charges and deferred income | 492/3 | €273,732 | €65,821 | -€207,911 | -76.0% |
| Operating income | 70/76A | €20,605,078 | €19,972,658 | -€632,420 | -3.1% |
| Turnover | 70 | €20,156,201 | €19,921,705 | -€234,495 | -1.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €141,427 | -€259,843 | -€401,269 | |
| Other operating income | 74 | €269,840 | €235,795 | -€34,044 | -12.6% |
| Non-recurring operating income | 76A | €37,611 | €75,000 | +€37,389 | +99.4% |
| Operating charges | 60/66A | €20,976,555 | €19,840,095 | -€1.1m | -5.4% |
| Goods for resale, raw materials and consumables | 60 | €13,185,342 | €11,711,068 | -€1.5m | -11.2% |
| Purchases | 600/8 | €12,929,407 | €11,988,419 | -€940,988 | -7.3% |
| Change in stocks: decrease (increase) | 609 | €255,935 | -€277,351 | -€533,286 | |
| Services and other goods | 61 | €2,910,954 | €2,743,319 | -€167,635 | -5.8% |
| Remuneration, social security and pensions | 62 | €3,996,404 | €4,280,953 | +€284,549 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555,036 | €527,426 | -€27,610 | -5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €222,930 | €41,259 | -€181,672 | -81.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,540 | €284,998 | +€301,538 | |
| Other operating charges | 640/8 | €103,775 | €198,060 | +€94,286 | +90.9% |
| Non-recurring operating charges | 66A | €18,654 | €53,012 | +€34,358 | +184% |
| Operating profit (loss) | 9901 | -€371,477 | €132,563 | +€504,040 | |
| Financial income | 75/76B | €34,551 | €41,852 | +€7,302 | +21.1% |
| Recurring financial income | 75 | €34,551 | €41,852 | +€7,302 | +21.1% |
| Income from current assets | 751 | €32,072 | €40,588 | +€8,516 | +26.6% |
| Other financial income | 752/9 | €2,479 | €1,264 | -€1,215 | -49.0% |
| Financial charges | 65/66B | €244,771 | €239,300 | -€5,471 | -2.2% |
| Recurring financial charges | 65 | €244,771 | €239,300 | -€5,471 | -2.2% |
| Debt charges | 650 | €46,974 | €52,137 | +€5,163 | +11.0% |
| Other financial charges | 652/9 | €197,798 | €187,163 | -€10,634 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€581,697 | -€64,885 | +€516,813 | +88.8% |
| Income taxes | 67/77 | €291 | €296 | +€5 | +1.6% |
| Taxes | 670/3 | €291 | €296 | +€5 | +1.6% |
| Profit (loss) for the period | 9904 | -€581,989 | -€65,181 | +€516,808 | +88.8% |
| Transfer from tax-exempt reserves | 789 | €18,840 | €0 | -€18,840 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€563,149 | -€65,181 | +€497,968 | +88.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.