Dardenne 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.
Dardenne Construct
Largest movements
- Stocks and contracts +€111,836
up €111,836 (+141.1%), from €79,275 to €191,111
- Cash +€10,140
up €10,140 (+10.0%), from €101,207 to €111,347
mainly Debts after one year (+€85,326) and Net result for the year (+€43,715)
- Receivables within one year +€9,958
up €9,958 (+23.3%), from €42,765 to €52,722
of which Other amounts receivable: +€11,705
- Tangible fixed assets -€5,808
down €5,808 (-44.4%), from €13,079 to €7,271
of which Plant, machinery and equipment: -€5,890
- Debts after one year +€85,326
up €85,326 (+271.4%), from €31,444 to €116,771
- Profit (loss) carried forward +€43,715
up €43,715 (+51.4%), from €85,059 to €128,774
- Accrued charges and deferred income +€36,704
new in 2025: €36,704
- Trade debts -€24,666
no longer reported in 2025 (was €24,666)
- Other debts -€7,493
no longer reported in 2025 (was €7,493)
- Gross operating margin +€39,425
up €39,425 (+42.1%), from €93,644 to €133,069
- Staff costs +€13,684
up €13,684 (+29.0%), from €47,160 to €60,844
- Taxes +€7,447
up €7,447 (+90.2%), from €8,252 to €15,700
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 | €236,326 | €363,275 | +€126,949 | +53.7% |
| Fixed assets | 21/28 | €13,079 | €7,271 | -€5,808 | -44.4% |
| Tangible fixed assets | 22/27 | €13,079 | €7,271 | -€5,808 | -44.4% |
| Plant, machinery and equipment | 23 | €11,575 | €5,685 | -€5,890 | -50.9% |
| Furniture and vehicles | 24 | €1,504 | €630 | -€874 | -58.1% |
| Other tangible fixed assets | 26 | - | €956 | +€956 | |
| Current assets | 29/58 | €223,247 | €356,004 | +€132,757 | +59.5% |
| Stocks and contracts in progress | 3 | €79,275 | €191,111 | +€111,836 | +141.1% |
| Stocks | 30/36 | €79,275 | €191,111 | +€111,836 | +141.1% |
| Amounts receivable within one year | 40/41 | €42,765 | €52,722 | +€9,958 | +23.3% |
| Trade receivables | 40 | €14,212 | €12,464 | -€1,747 | -12.3% |
| Other amounts receivable | 41 | €28,553 | €40,258 | +€11,705 | +41.0% |
| Cash at bank and in hand | 54/58 | €101,207 | €111,347 | +€10,140 | +10.0% |
| Deferred charges and accrued income | 490/1 | - | €823 | +€823 | |
| Total equity and liabilities | 10/49 | €236,326 | €363,275 | +€126,949 | +53.7% |
| Equity | 10/15 | €85,059 | €128,774 | +€43,715 | +51.4% |
| Profit (loss) carried forward | 14 | €85,059 | €128,774 | +€43,715 | +51.4% |
| Amounts payable | 17/49 | €151,267 | €234,500 | +€83,234 | +55.0% |
| Amounts payable after more than one year | 17 | €31,444 | €116,771 | +€85,326 | +271.4% |
| Financial debts | 170/4 | €31,444 | €116,771 | +€85,326 | +271.4% |
| Amounts payable within one year | 42/48 | €119,822 | €81,026 | -€38,797 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €3,405 | €3,500 | +€95 | +2.8% |
| Trade debts | 44 | €24,666 | - | -€24,666 | |
| Suppliers | 440/4 | €24,666 | - | -€24,666 | |
| Taxes, remuneration and social security | 45 | €84,259 | €77,526 | -€6,734 | -8.0% |
| Taxes | 450/3 | €61,039 | €52,357 | -€8,682 | -14.2% |
| Remuneration and social security | 454/9 | €23,220 | €25,169 | +€1,948 | +8.4% |
| Other amounts payable | 47/48 | €7,493 | - | -€7,493 | |
| Accrued charges and deferred income | 492/3 | - | €36,704 | +€36,704 | |
| Remuneration, social security and pensions | 62 | €47,160 | €60,844 | +€13,684 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,142 | €9,951 | +€809 | +8.9% |
| Other operating charges | 640/8 | €514 | €428 | -€86 | -16.8% |
| Gross operating margin | 9900 | €93,644 | €133,069 | +€39,425 | +42.1% |
| Operating profit (loss) | 9901 | €36,828 | €61,847 | +€25,019 | +67.9% |
| Financial income | 75/76B | €54 | €441 | +€387 | +718.3% |
| Recurring financial income | 75 | €54 | €441 | +€387 | +718.3% |
| Financial charges | 65/66B | €1,814 | €2,873 | +€1,059 | +58.4% |
| Recurring financial charges | 65 | €1,814 | €2,873 | +€1,059 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €35,068 | €59,415 | +€24,347 | +69.4% |
| Income taxes | 67/77 | €8,252 | €15,700 | +€7,447 | +90.2% |
| Profit (loss) for the period | 9904 | €26,816 | €43,715 | +€16,899 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,816 | €43,715 | +€16,899 | +63.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.