Dacé-Bouw: 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.
Dacé-Bouw
Largest movements
- Receivables within one year -€218,246
down €218,246 (-62.8%), from €347,797 to €129,551
of which Trade receivables: -€214,309
- Cash +€115,468
up €115,468 (+150%), from €77,101 to €192,568
mainly Receivables within one year (+€218,246) and Depreciation (+€147,592)
- Stocks and contracts +€97,885
up €97,885 (+617%), from €15,875 to €113,760
of which Contracts in progress: +€104,000
- Tangible fixed assets -€65,447
down €65,447 (-3.1%), from €2.1m to €2.0m
of which Land and buildings: -€84,259
- Debts after one year -€166,069
down €166,069 (-12.3%), from €1.4m to €1.2m
- Other debts +€119,636
up €119,636 (+35.0%), from €341,937 to €461,573
- Reserves -€79,248
down €79,248 (-10.8%), from €731,944 to €652,696
of which Distributable reserves: -€79,248
- Depreciation -€71,671
down €71,671 (-32.7%), from €219,262 to €147,592
- Financial charges +€34,647
up €34,647 (+90.0%), from €38,499 to €73,146
- Gross operating margin -€27,686
down €27,686 (-4.3%), from €639,279 to €611,594
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 | €2,790,153 | €2,719,813 | -€70,340 | -2.5% |
| Fixed assets | 21/28 | €2,349,380 | €2,283,933 | -€65,447 | -2.8% |
| Tangible fixed assets | 22/27 | €2,108,730 | €2,043,283 | -€65,447 | -3.1% |
| Land and buildings | 22 | €2,054,436 | €1,970,177 | -€84,259 | -4.1% |
| Plant, machinery and equipment | 23 | €10,378 | €23,300 | +€12,922 | +125% |
| Furniture and vehicles | 24 | €43,916 | €49,806 | +€5,890 | +13.4% |
| Financial fixed assets | 28 | €240,650 | €240,650 | = | 0.0% |
| Current assets | 29/58 | €440,772 | €435,880 | -€4,893 | -1.1% |
| Stocks and contracts in progress | 3 | €15,875 | €113,760 | +€97,885 | +617% |
| Stocks | 30/36 | €15,875 | €9,760 | -€6,115 | -38.5% |
| Contracts in progress | 37 | - | €104,000 | +€104,000 | |
| Amounts receivable within one year | 40/41 | €347,797 | €129,551 | -€218,246 | -62.8% |
| Trade receivables | 40 | €306,297 | €91,987 | -€214,309 | -70.0% |
| Other amounts receivable | 41 | €41,500 | €37,564 | -€3,936 | -9.5% |
| Cash at bank and in hand | 54/58 | €77,101 | €192,568 | +€115,468 | +150% |
| Total equity and liabilities | 10/49 | €2,790,153 | €2,719,813 | -€70,340 | -2.5% |
| Equity | 10/15 | €750,544 | €671,296 | -€79,248 | -10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €731,944 | €652,696 | -€79,248 | -10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €730,084 | €650,836 | -€79,248 | -10.9% |
| Amounts payable | 17/49 | €2,039,608 | €2,048,517 | +€8,908 | +0.4% |
| Amounts payable after more than one year | 17 | €1,352,493 | €1,186,425 | -€166,069 | -12.3% |
| Financial debts | 170/4 | €1,352,493 | €1,186,425 | -€166,069 | -12.3% |
| Amounts payable within one year | 42/48 | €687,115 | €862,092 | +€174,977 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €114,626 | €140,326 | +€25,700 | +22.4% |
| Trade debts | 44 | €181,988 | €188,569 | +€6,580 | +3.6% |
| Suppliers | 440/4 | €181,988 | €188,569 | +€6,580 | +3.6% |
| Taxes, remuneration and social security | 45 | €48,564 | €71,624 | +€23,060 | +47.5% |
| Taxes | 450/3 | €42,196 | €65,101 | +€22,905 | +54.3% |
| Remuneration and social security | 454/9 | €6,368 | €6,523 | +€156 | +2.4% |
| Other amounts payable | 47/48 | €341,937 | €461,573 | +€119,636 | +35.0% |
| Non-recurring operating income | 76A | €414 | €45,000 | +€44,586 | +10,770% |
| Remuneration, social security and pensions | 62 | €252,350 | €254,384 | +€2,034 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,262 | €147,592 | -€71,671 | -32.7% |
| Other operating charges | 640/8 | €14,749 | €13,732 | -€1,018 | -6.9% |
| Gross operating margin | 9900 | €639,279 | €611,594 | -€27,686 | -4.3% |
| Operating profit (loss) | 9901 | €152,918 | €195,886 | +€42,968 | +28.1% |
| Financial income | 75/76B | €8,102 | €9,006 | +€905 | +11.2% |
| Recurring financial income | 75 | €8,102 | €9,006 | +€905 | +11.2% |
| Financial charges | 65/66B | €38,499 | €73,146 | +€34,647 | +90.0% |
| Recurring financial charges | 65 | €38,499 | €73,146 | +€34,647 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €122,521 | €131,747 | +€9,226 | +7.5% |
| Income taxes | 67/77 | €35,633 | €38,273 | +€2,640 | +7.4% |
| Profit (loss) for the period | 9904 | €86,888 | €93,473 | +€6,585 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,888 | €93,473 | +€6,585 | +7.6% |
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 17 October 2026 via checked.be.