DAC 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.
DAC CONSTRUCT
Largest movements
- Tangible fixed assets +€18,388
up €18,388 (+277.1%), from €6,636 to €25,024
of which Furniture and vehicles: +€20,309
- Cash +€2,165
up €2,165 (+45.6%), from €4,748 to €6,913
mainly Other debts (+€21,500) and Depreciation (+€12,563)
- Receivables within one year +€516
up €516 (+2.8%), from €18,145 to €18,661
of which Trade receivables: +€2,951
- Other debts +€21,500
new in 2025: €21,500
- Trade debts -€2,274
down €2,274 (-100.0%), from €2,274 to €0
- Profit (loss) carried forward +€2,168
up €2,168 (+11.6%), from €18,705 to €20,873
- Tax, wage and social debts -€593
down €593 (-38.1%), from €1,556 to €964
- Depreciation +€9,486
up €9,486 (+308.2%), from €3,078 to €12,563
- Gross operating margin +€6,559
up €6,559 (+69.0%), from €9,502 to €16,061
- Taxes -€361
down €361 (-27.9%), from €1,292 to €931
- Other operating charges -€193
down €193 (-44.5%), from €434 to €241
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 | €30,595 | €51,396 | +€20,801 | +68.0% |
| Fixed assets | 21/28 | €7,036 | €25,424 | +€18,388 | +261.3% |
| Tangible fixed assets | 22/27 | €6,636 | €25,024 | +€18,388 | +277.1% |
| Plant, machinery and equipment | 23 | €5,017 | €3,096 | -€1,921 | -38.3% |
| Furniture and vehicles | 24 | €1,620 | €21,928 | +€20,309 | +1254.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €23,559 | €25,972 | +€2,414 | +10.2% |
| Amounts receivable within one year | 40/41 | €18,145 | €18,661 | +€516 | +2.8% |
| Trade receivables | 40 | €14,708 | €17,659 | +€2,951 | +20.1% |
| Other amounts receivable | 41 | €3,437 | €1,002 | -€2,435 | -70.8% |
| Cash at bank and in hand | 54/58 | €4,748 | €6,913 | +€2,165 | +45.6% |
| Deferred charges and accrued income | 490/1 | €665 | €398 | -€267 | -40.1% |
| Total equity and liabilities | 10/49 | €30,595 | €51,396 | +€20,801 | +68.0% |
| Equity | 10/15 | €26,765 | €28,933 | +€2,168 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,705 | €20,873 | +€2,168 | +11.6% |
| Amounts payable | 17/49 | €3,830 | €22,464 | +€18,633 | +486.5% |
| Amounts payable within one year | 42/48 | €3,830 | €22,464 | +€18,633 | +486.5% |
| Trade debts | 44 | €2,274 | €0 | -€2,274 | -100.0% |
| Suppliers | 440/4 | €2,274 | €0 | -€2,274 | -100.0% |
| Taxes, remuneration and social security | 45 | €1,556 | €964 | -€593 | -38.1% |
| Taxes | 450/3 | €1,556 | €964 | -€593 | -38.1% |
| Other amounts payable | 47/48 | - | €21,500 | +€21,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,078 | €12,563 | +€9,486 | +308.2% |
| Other operating charges | 640/8 | €434 | €241 | -€193 | -44.5% |
| Gross operating margin | 9900 | €9,502 | €16,061 | +€6,559 | +69.0% |
| Operating profit (loss) | 9901 | €5,991 | €3,257 | -€2,733 | -45.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €132 | €158 | +€26 | +20.1% |
| Recurring financial charges | 65 | €132 | €158 | +€26 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €5,859 | €3,099 | -€2,760 | -47.1% |
| Income taxes | 67/77 | €1,292 | €931 | -€361 | -27.9% |
| Profit (loss) for the period | 9904 | €4,567 | €2,168 | -€2,399 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,567 | €2,168 | -€2,399 | -52.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.