Daenens 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.
Daenens Construct
Largest movements
- Tangible fixed assets -€66,054
down €66,054 (-11.8%), from €557,545 to €491,491
- Cash -€59,037
down €59,037 (-99.0%), from €59,658 to €621
mainly Net result for the year (-€126,538) and Debts after one year (-€26,520)
- Receivables within one year +€9,116
up €9,116 (+34.1%), from €26,761 to €35,877
of which Trade receivables: +€15,166
- Profit (loss) carried forward -€126,538
down €126,538, from €101,751 to -€24,787
- Other debts +€40,173
up €40,173 (+147.1%), from €27,310 to €67,483
- Short-term financial debts +€28,855
new in 2025: €28,855
- Debts after one year -€26,520
down €26,520 (-7.4%), from €359,581 to €333,061
- Tax, wage and social debts -€23,001
down €23,001 (-91.3%), from €25,202 to €2,200
of which Remuneration and social security: -€11,602
- Gross operating margin -€105,427
down €105,427 (-95.3%), from €110,669 to €5,242
- Staff costs -€24,561
down €24,561 (-38.5%), from €63,876 to €39,315
- Financial charges +€17,266
up €17,266 (+120.4%), from €14,345 to €31,611
- Depreciation -€3,373
down €3,373 (-5.8%), from €57,872 to €54,499
- Other operating charges -€1,293
down €1,293 (-15.6%), from €8,307 to €7,013
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 | €655,706 | €538,075 | -€117,631 | -17.9% |
| Fixed assets | 21/28 | €557,545 | €491,491 | -€66,054 | -11.8% |
| Tangible fixed assets | 22/27 | €557,545 | €491,491 | -€66,054 | -11.8% |
| Land and buildings | 22 | €491,192 | €461,103 | -€30,088 | -6.1% |
| Plant, machinery and equipment | 23 | €33,962 | €19,258 | -€14,704 | -43.3% |
| Furniture and vehicles | 24 | €32,392 | €11,130 | -€21,262 | -65.6% |
| Current assets | 29/58 | €98,161 | €46,584 | -€51,576 | -52.5% |
| Stocks and contracts in progress | 3 | €7,500 | €7,500 | = | 0.0% |
| Stocks | 30/36 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,761 | €35,877 | +€9,116 | +34.1% |
| Trade receivables | 40 | €1,393 | €16,559 | +€15,166 | +1088.8% |
| Other amounts receivable | 41 | €25,368 | €19,318 | -€6,050 | -23.8% |
| Cash at bank and in hand | 54/58 | €59,658 | €621 | -€59,037 | -99.0% |
| Deferred charges and accrued income | 490/1 | €4,242 | €2,586 | -€1,656 | -39.0% |
| Total equity and liabilities | 10/49 | €655,706 | €538,075 | -€117,631 | -17.9% |
| Equity | 10/15 | €139,553 | €13,015 | -€126,538 | -90.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,402 | €25,402 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €19,902 | €19,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,751 | -€24,787 | -€126,538 | |
| Amounts payable | 17/49 | €516,153 | €525,061 | +€8,908 | +1.7% |
| Amounts payable after more than one year | 17 | €359,581 | €333,061 | -€26,520 | -7.4% |
| Financial debts | 170/4 | €359,581 | €333,061 | -€26,520 | -7.4% |
| Amounts payable within one year | 42/48 | €156,572 | €191,999 | +€35,427 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €25,841 | €26,520 | +€678 | +2.6% |
| Financial debts | 43 | - | €28,855 | +€28,855 | |
| Credit institutions | 430/8 | - | €28,855 | +€28,855 | |
| Trade debts | 44 | €77,344 | €66,066 | -€11,278 | -14.6% |
| Suppliers | 440/4 | €77,344 | €66,066 | -€11,278 | -14.6% |
| Advances received on contracts in progress | 46 | €876 | €876 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €25,202 | €2,200 | -€23,001 | -91.3% |
| Taxes | 450/3 | €13,600 | €2,200 | -€11,399 | -83.8% |
| Remuneration and social security | 454/9 | €11,602 | €0 | -€11,602 | -100.0% |
| Other amounts payable | 47/48 | €27,310 | €67,483 | +€40,173 | +147.1% |
| Remuneration, social security and pensions | 62 | €63,876 | €39,315 | -€24,561 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,872 | €54,499 | -€3,373 | -5.8% |
| Other operating charges | 640/8 | €8,307 | €7,013 | -€1,293 | -15.6% |
| Gross operating margin | 9900 | €110,669 | €5,242 | -€105,427 | -95.3% |
| Operating profit (loss) | 9901 | -€19,385 | -€95,585 | -€76,200 | -393.1% |
| Financial income | 75/76B | €59 | €658 | +€600 | +1023.1% |
| Recurring financial income | 75 | €59 | €658 | +€600 | +1023.1% |
| Financial charges | 65/66B | €14,345 | €31,611 | +€17,266 | +120.4% |
| Recurring financial charges | 65 | €14,345 | €31,611 | +€17,266 | +120.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,671 | -€126,538 | -€92,867 | -275.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€33,671 | -€126,538 | -€92,867 | -275.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,671 | -€126,538 | -€92,867 | -275.8% |
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 9 October 2026 via checked.be.