D.V. Stellingbouw: 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.V. Stellingbouw
Largest movements
- Receivables within one year +€262,102
up €262,102 (+145%), from €180,984 to €443,087
of which Trade receivables: +€365,404
- Tangible fixed assets -€155,426
down €155,426 (-9.6%), from €1.6m to €1.5m
of which Plant, machinery and equipment: -€141,360
- Other debts +€166,402
up €166,402 (+204%), from €81,737 to €248,139
- Trade debts -€164,407
down €164,407 (-72.2%), from €227,742 to €63,335
- Tax, wage and social debts +€126,990
up €126,990 (+288%), from €44,083 to €171,073
of which Taxes: +€123,864
- Current portion of long-term debt -€23,883
down €23,883 (-16.4%), from €145,319 to €121,436
- Debts after one year +€22,049
up €22,049 (+2.6%), from €851,672 to €873,721
- Gross operating margin +€361,129
up €361,129 (+50.5%), from €715,044 to €1.1m
- Staff costs +€105,911
up €105,911 (+26.1%), from €405,819 to €511,730
- Taxes +€72,850
up €72,850 (+3,287%), from €2,216 to €75,066
- Depreciation +€33,767
up €33,767 (+12.9%), from €261,165 to €294,932
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 | €1,822,763 | €1,929,169 | +€106,406 | +5.8% |
| Fixed assets | 21/28 | €1,625,854 | €1,470,429 | -€155,426 | -9.6% |
| Tangible fixed assets | 22/27 | €1,625,854 | €1,470,429 | -€155,426 | -9.6% |
| Land and buildings | 22 | €1,103,281 | €1,091,380 | -€11,901 | -1.1% |
| Plant, machinery and equipment | 23 | €508,397 | €367,037 | -€141,360 | -27.8% |
| Furniture and vehicles | 24 | €14,177 | €12,012 | -€2,165 | -15.3% |
| Current assets | 29/58 | €196,909 | €458,741 | +€261,832 | +133% |
| Amounts receivable within one year | 40/41 | €180,984 | €443,087 | +€262,102 | +145% |
| Trade receivables | 40 | €38,313 | €403,717 | +€365,404 | +954% |
| Other amounts receivable | 41 | €142,671 | €39,370 | -€103,301 | -72.4% |
| Cash at bank and in hand | 54/58 | €2,362 | €3,410 | +€1,048 | +44.4% |
| Deferred charges and accrued income | 490/1 | €13,562 | €12,244 | -€1,318 | -9.7% |
| Total equity and liabilities | 10/49 | €1,822,763 | €1,929,169 | +€106,406 | +5.8% |
| Equity | 10/15 | €447,210 | €426,466 | -€20,745 | -4.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €434,810 | €414,066 | -€20,745 | -4.8% |
| Distributable reserves | 133 | €434,810 | €414,066 | -€20,745 | -4.8% |
| Amounts payable | 17/49 | €1,375,553 | €1,502,704 | +€127,151 | +9.2% |
| Amounts payable after more than one year | 17 | €851,672 | €873,721 | +€22,049 | +2.6% |
| Financial debts | 170/4 | €851,672 | €873,721 | +€22,049 | +2.6% |
| Amounts payable within one year | 42/48 | €523,881 | €628,983 | +€105,102 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €145,319 | €121,436 | -€23,883 | -16.4% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €227,742 | €63,335 | -€164,407 | -72.2% |
| Suppliers | 440/4 | €227,742 | €63,335 | -€164,407 | -72.2% |
| Taxes, remuneration and social security | 45 | €44,083 | €171,073 | +€126,990 | +288% |
| Taxes | 450/3 | €28,154 | €152,018 | +€123,864 | +440% |
| Remuneration and social security | 454/9 | €15,929 | €19,055 | +€3,126 | +19.6% |
| Other amounts payable | 47/48 | €81,737 | €248,139 | +€166,402 | +204% |
| Remuneration, social security and pensions | 62 | €405,819 | €511,730 | +€105,911 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,165 | €294,932 | +€33,767 | +12.9% |
| Other operating charges | 640/8 | €5,475 | €5,762 | +€287 | +5.2% |
| Gross operating margin | 9900 | €715,044 | €1,076,173 | +€361,129 | +50.5% |
| Operating profit (loss) | 9901 | €42,585 | €263,749 | +€221,164 | +519% |
| Financial income | 75/76B | €9,865 | €11,469 | +€1,604 | +16.3% |
| Recurring financial income | 75 | €9,865 | €11,469 | +€1,604 | +16.3% |
| Financial charges | 65/66B | €30,091 | €33,699 | +€3,607 | +12.0% |
| Recurring financial charges | 65 | €30,091 | €33,699 | +€3,607 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €22,359 | €241,520 | +€219,161 | +980% |
| Income taxes | 67/77 | €2,216 | €75,066 | +€72,850 | +3,287% |
| Profit (loss) for the period | 9904 | €20,142 | €166,454 | +€146,311 | +726% |
| Profit (loss) for the period to be appropriated | 9905 | €20,142 | €166,454 | +€146,311 | +726% |
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 28 October 2026 via checked.be.