D3 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.
D3 CONSTRUCT
Largest movements
- Stocks and contracts +€25,879
up €25,879 (+24.8%), from €104,382 to €130,261
- Cash +€12,287
up €12,287 (+109.9%), from €11,176 to €23,463
mainly Net result for the year (+€25,216) and Tax, wage and social debts (+€6,986)
- Receivables within one year -€5,279
down €5,279 (-43.4%), from €12,151 to €6,872
of which Trade receivables: -€4,095
- Reserves +€19,016
up €19,016 (+60.0%), from €31,717 to €50,733
of which Distributable reserves: +€19,016
- Tax, wage and social debts +€6,986
up €6,986 (+252.0%), from €2,772 to €9,758
of which Taxes: +€6,986
- Profit (loss) carried forward +€6,199
up €6,199, from -€6,199 to €0
- Other debts +€2,581
up €2,581 (+7.0%), from €36,646 to €39,227
- Trade debts -€2,315
down €2,315 (-89.7%), from €2,580 to €265
- Gross operating margin +€38,886
up €38,886, from -€3,090 to €35,795
- Taxes +€7,580
new in 2025: €7,580
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.
Cash bridge derived
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 | €128,613 | €161,159 | +€32,546 | +25.3% |
| Current assets | 29/58 | €128,613 | €161,159 | +€32,546 | +25.3% |
| Stocks and contracts in progress | 3 | €104,382 | €130,261 | +€25,879 | +24.8% |
| Stocks | 30/36 | €104,382 | €130,261 | +€25,879 | +24.8% |
| Amounts receivable within one year | 40/41 | €12,151 | €6,872 | -€5,279 | -43.4% |
| Trade receivables | 40 | €10,095 | €6,000 | -€4,095 | -40.6% |
| Other amounts receivable | 41 | €2,056 | €872 | -€1,184 | -57.6% |
| Cash at bank and in hand | 54/58 | €11,176 | €23,463 | +€12,287 | +109.9% |
| Deferred charges and accrued income | 490/1 | €903 | €563 | -€340 | -37.7% |
| Total equity and liabilities | 10/49 | €128,613 | €161,159 | +€32,546 | +25.3% |
| Equity | 10/15 | €84,814 | €110,029 | +€25,216 | +29.7% |
| Contributions | 10/11 | €59,296 | €59,296 | = | 0.0% |
| Reserves | 13 | €31,717 | €50,733 | +€19,016 | +60.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €29,858 | €48,874 | +€19,016 | +63.7% |
| Profit (loss) carried forward | 14 | -€6,199 | €0 | +€6,199 | |
| Amounts payable | 17/49 | €43,799 | €51,130 | +€7,331 | +16.7% |
| Amounts payable within one year | 42/48 | €41,998 | €49,249 | +€7,252 | +17.3% |
| Trade debts | 44 | €2,580 | €265 | -€2,315 | -89.7% |
| Suppliers | 440/4 | €2,580 | €265 | -€2,315 | -89.7% |
| Taxes, remuneration and social security | 45 | €2,772 | €9,758 | +€6,986 | +252.0% |
| Taxes | 450/3 | €2,772 | €9,758 | +€6,986 | +252.0% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €36,646 | €39,227 | +€2,581 | +7.0% |
| Accrued charges and deferred income | 492/3 | €1,801 | €1,880 | +€79 | +4.4% |
| Other operating charges | 640/8 | €348 | €117 | -€231 | -66.4% |
| Gross operating margin | 9900 | -€3,090 | €35,795 | +€38,886 | |
| Operating profit (loss) | 9901 | -€3,438 | €35,678 | +€39,116 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +778.3% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +778.3% |
| Financial charges | 65/66B | €2,762 | €2,885 | +€123 | +4.5% |
| Recurring financial charges | 65 | €2,762 | €2,885 | +€123 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,199 | €32,796 | +€38,995 | |
| Income taxes | 67/77 | - | €7,580 | +€7,580 | |
| Profit (loss) for the period | 9904 | -€6,199 | €25,216 | +€31,415 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,199 | €25,216 | +€31,415 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.