DANPHIL CONSTRUCTION: 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.
DANPHIL CONSTRUCTION
Largest movements
- Stocks and contracts -€2.4m
down €2.4m (-55.4%), from €4.3m to €1.9m
- Financial fixed assets -€388,501
down €388,501 (-99.7%), from €389,501 to €1,000
- Cash +€110,479
up €110,479 (+866%), from €12,751 to €123,230
mainly Stocks and contracts (+€2.4m) and Investment in fixed assets (net) (+€394,137)
- Short-term financial debts -€2.3m
down €2.3m (-100%), from €2.3m to €0
- Trade debts -€206,297
down €206,297 (-72.6%), from €284,015 to €77,718
- Tax, wage and social debts +€184,533
up €184,533 (+243%), from €75,959 to €260,492
- Debts after one year -€152,298
down €152,298 (-100%), from €152,298 to €0
- Other debts -€99,446
down €99,446 (-7.3%), from €1.4m to €1.3m
- Gross operating margin -€186,662
down €186,662 (-65.9%), from €283,350 to €96,688
- Financial charges -€58,774
down €58,774 (-33.2%), from €177,194 to €118,420
- Depreciation -€17,896
down €17,896 (-35.6%), from €50,229 to €32,333
- Taxes -€17,142
down €17,142 (-99.7%), from €17,192 to €50
- Financial income +€6,482
up €6,482 (+126%), from €5,133 to €11,615
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 | €4,912,462 | €2,193,803 | -€2.7m | -55.3% |
| Fixed assets | 21/28 | €461,438 | €34,968 | -€426,470 | -92.4% |
| Tangible fixed assets | 22/27 | €71,937 | €33,968 | -€37,969 | -52.8% |
| Plant, machinery and equipment | 23 | €43,236 | €17,343 | -€25,893 | -59.9% |
| Furniture and vehicles | 24 | €28,701 | €16,625 | -€12,076 | -42.1% |
| Financial fixed assets | 28 | €389,501 | €1,000 | -€388,501 | -99.7% |
| Current assets | 29/58 | €4,451,024 | €2,158,835 | -€2.3m | -51.5% |
| Stocks and contracts in progress | 3 | €4,331,857 | €1,930,589 | -€2.4m | -55.4% |
| Stocks | 30/36 | €4,331,857 | €1,930,589 | -€2.4m | -55.4% |
| Amounts receivable within one year | 40/41 | €103,751 | €104,388 | +€637 | +0.6% |
| Trade receivables | 40 | €10,362 | €12,920 | +€2,558 | +24.7% |
| Other amounts receivable | 41 | €93,390 | €91,468 | -€1,921 | -2.1% |
| Cash at bank and in hand | 54/58 | €12,751 | €123,230 | +€110,479 | +866% |
| Deferred charges and accrued income | 490/1 | €2,665 | €628 | -€2,037 | -76.5% |
| Total equity and liabilities | 10/49 | €4,912,462 | €2,193,803 | -€2.7m | -55.3% |
| Equity | 10/15 | €641,406 | €596,042 | -€45,365 | -7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €383,940 | €383,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €381,940 | €381,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,539 | €192,102 | -€44,438 | -18.8% |
| Investment grants | 15 | €927 | €0 | -€927 | -100% |
| Amounts payable | 17/49 | €4,271,056 | €1,597,761 | -€2.7m | -62.6% |
| Amounts payable after more than one year | 17 | €152,298 | €0 | -€152,298 | -100% |
| Financial debts | 170/4 | €152,298 | €0 | -€152,298 | -100% |
| Amounts payable within one year | 42/48 | €4,064,654 | €1,593,561 | -€2.5m | -60.8% |
| Current portion of amounts payable after more than one year | 42 | €37,560 | €0 | -€37,560 | -100% |
| Financial debts | 43 | €2,305,438 | €0 | -€2.3m | -100% |
| Credit institutions | 430/8 | €2,305,438 | €0 | -€2.3m | -100% |
| Trade debts | 44 | €284,015 | €77,718 | -€206,297 | -72.6% |
| Suppliers | 440/4 | €284,015 | €77,718 | -€206,297 | -72.6% |
| Advances received on contracts in progress | 46 | €6,886 | €0 | -€6,886 | -100% |
| Taxes, remuneration and social security | 45 | €75,959 | €260,492 | +€184,533 | +243% |
| Taxes | 450/3 | €75,959 | €260,492 | +€184,533 | +243% |
| Other amounts payable | 47/48 | €1,354,797 | €1,255,351 | -€99,446 | -7.3% |
| Accrued charges and deferred income | 492/3 | €54,104 | €4,200 | -€49,904 | -92.2% |
| Non-recurring operating income | 76A | - | €66,364 | +€66,364 | |
| Remuneration, social security and pensions | 62 | €2,814 | €0 | -€2,814 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,229 | €32,333 | -€17,896 | -35.6% |
| Other operating charges | 640/8 | €3,721 | €1,819 | -€1,902 | -51.1% |
| Non-recurring operating charges | 66A | - | €118 | +€118 | |
| Gross operating margin | 9900 | €283,350 | €96,688 | -€186,662 | -65.9% |
| Operating profit (loss) | 9901 | €226,585 | €62,418 | -€164,167 | -72.5% |
| Financial income | 75/76B | €5,133 | €11,615 | +€6,482 | +126% |
| Recurring financial income | 75 | €5,133 | €11,615 | +€6,482 | +126% |
| Financial charges | 65/66B | €177,194 | €118,420 | -€58,774 | -33.2% |
| Recurring financial charges | 65 | €177,194 | €118,420 | -€58,774 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €54,524 | -€44,387 | -€98,912 | |
| Income taxes | 67/77 | €17,192 | €50 | -€17,142 | -99.7% |
| Profit (loss) for the period | 9904 | €37,332 | -€44,438 | -€81,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,332 | -€44,438 | -€81,770 |
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 20 October 2026 via checked.be.