DAENEN CONSTRUCT: 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.
DAENEN CONSTRUCT
Largest movements
- Tangible fixed assets -€9,843
down €9,843 (-45.4%), from €21,703 to €11,860
of which Furniture and vehicles: -€8,355
- Cash +€4,410
up €4,410 (+17.6%), from €25,036 to €29,446
mainly Depreciation (+€9,843) and Net result for the year (+€4,219)
- Deferred charges and accrued income +€1,470
up €1,470 (+761.7%), from €193 to €1,663
- Debts after one year -€4,550
no longer reported in 2025 (was €4,550)
- Current portion of long-term debt -€2,203
down €2,203 (-32.6%), from €6,754 to €4,550
- Trade debts +€2,057
up €2,057 (+101.6%), from €2,025 to €4,081
- Depreciation +€1,400
up €1,400 (+16.6%), from €8,443 to €9,843
- Financial income -€904
down €904 (-97.8%), from €924 to €20
- Staff costs -€859
no longer reported in 2025 (was €859)
- Gross operating margin +€369
up €369 (+2.4%), from €15,686 to €16,055
- Taxes -€228
down €228 (-15.4%), from €1,484 to €1,256
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 | €103,894 | €98,715 | -€5,179 | -5.0% |
| Fixed assets | 21/28 | €21,703 | €11,860 | -€9,843 | -45.4% |
| Tangible fixed assets | 22/27 | €21,703 | €11,860 | -€9,843 | -45.4% |
| Plant, machinery and equipment | 23 | €2,168 | €920 | -€1,247 | -57.5% |
| Furniture and vehicles | 24 | €18,812 | €10,457 | -€8,355 | -44.4% |
| Other tangible fixed assets | 26 | €723 | €482 | -€241 | -33.3% |
| Current assets | 29/58 | €82,191 | €86,856 | +€4,665 | +5.7% |
| Stocks and contracts in progress | 3 | €6,079 | €5,376 | -€704 | -11.6% |
| Stocks | 30/36 | €6,079 | €5,376 | -€704 | -11.6% |
| Amounts receivable within one year | 40/41 | €50,883 | €50,371 | -€512 | -1.0% |
| Trade receivables | 40 | €46,781 | €49,331 | +€2,550 | +5.5% |
| Other amounts receivable | 41 | €4,102 | €1,040 | -€3,062 | -74.6% |
| Cash at bank and in hand | 54/58 | €25,036 | €29,446 | +€4,410 | +17.6% |
| Deferred charges and accrued income | 490/1 | €193 | €1,663 | +€1,470 | +761.7% |
| Total equity and liabilities | 10/49 | €103,894 | €98,715 | -€5,179 | -5.0% |
| Equity | 10/15 | €86,495 | €86,714 | +€219 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,895 | €68,114 | +€219 | +0.3% |
| Distributable reserves | 133 | €67,895 | €68,114 | +€219 | +0.3% |
| Amounts payable | 17/49 | €17,399 | €12,001 | -€5,398 | -31.0% |
| Amounts payable after more than one year | 17 | €4,550 | - | -€4,550 | |
| Financial debts | 170/4 | €4,550 | - | -€4,550 | |
| Amounts payable within one year | 42/48 | €12,848 | €12,001 | -€848 | -6.6% |
| Current portion of amounts payable after more than one year | 42 | €6,754 | €4,550 | -€2,203 | -32.6% |
| Trade debts | 44 | €2,025 | €4,081 | +€2,057 | +101.6% |
| Suppliers | 440/4 | €2,025 | €4,081 | +€2,057 | +101.6% |
| Taxes, remuneration and social security | 45 | €220 | - | -€220 | |
| Taxes | 450/3 | €220 | - | -€220 | |
| Other amounts payable | 47/48 | €3,850 | €3,369 | -€481 | -12.5% |
| Remuneration, social security and pensions | 62 | €859 | - | -€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,443 | €9,843 | +€1,400 | +16.6% |
| Other operating charges | 640/8 | €512 | €462 | -€51 | -9.9% |
| Gross operating margin | 9900 | €15,686 | €16,055 | +€369 | +2.4% |
| Operating profit (loss) | 9901 | €5,872 | €5,750 | -€122 | -2.1% |
| Financial income | 75/76B | €924 | €20 | -€904 | -97.8% |
| Recurring financial income | 75 | €924 | €20 | -€904 | -97.8% |
| Financial charges | 65/66B | €419 | €295 | -€124 | -29.6% |
| Recurring financial charges | 65 | €419 | €295 | -€124 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €6,377 | €5,475 | -€902 | -14.1% |
| Income taxes | 67/77 | €1,484 | €1,256 | -€228 | -15.4% |
| Profit (loss) for the period | 9904 | €4,893 | €4,219 | -€674 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,893 | €4,219 | -€674 | -13.8% |
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 11 October 2026 via checked.be.