DAUWEN KOEN: 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.
What changed
DAUWEN KOEN
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,003
2024 · €25,133-€15,130
Equity
€584,970
2024 · €574,967+€10,003
Cash
€65,528
2024 · €72,708-€7,179
Balance sheet total
€2.5m
2024 · €2.5m-€28,448
Largest movements
Assets
- Receivables within one year -€160,252
down €160,252 (-44.0%), from €364,262 to €204,010
of which Other amounts receivable: -€233,989
- Stocks and contracts +€119,871
up €119,871 (+6.7%), from €1.8m to €1.9m
Equity and liabilities
- Other debts +€277,056
up €277,056 (+31.8%), from €871,152 to €1.1m
- Trade debts -€248,125
down €248,125 (-38.5%), from €644,389 to €396,264
- Short-term financial debts -€72,121
down €72,121 (-92.5%), from €78,000 to €5,879
- Tax, wage and social debts -€41,944
down €41,944 (-78.0%), from €53,769 to €11,825
of which Taxes: -€39,039
Income statement
- Gross operating margin -€111,583
down €111,583 (-32.6%), from €342,326 to €230,744
- Financial charges -€61,888
down €61,888 (-77.7%), from €79,642 to €17,754
- Other operating charges -€20,559
down €20,559 (-88.7%), from €23,179 to €2,620
- Staff costs -€9,134
down €9,134 (-7.5%), from €122,364 to €113,230
- Depreciation -€8,486
down €8,486 (-12.9%), from €65,695 to €57,209
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.
Result 2024
€25,133
Gross operating margin
-€111,583
Staff costs
+€9,134
Depreciation
+€8,486
Other operating charges
+€20,559
Other operating items
-€2,319
Financial income
+€2,268
Financial charges
+€61,888
Taxes
-€3,563
Result 2025
€10,003
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€90,755
Investment
-€70,835
Financing
-€27,099
Cash 2024
€72,708
From operations (derived)
+€90,755
Net result for the year
+€10,003
Depreciation
+€57,209
Stocks and contracts
-€119,871
Receivables within one year
+€160,252
Deferred charges and accrued income
-€5,486
Trade debts
-€248,125
Tax, wage and social debts
-€41,944
Other debts
+€277,056
Accrued charges and deferred income
+€1,661
Investment (derived)
-€70,835
Investment in fixed assets (net)
-€70,835
Financing
-€27,099
Debts after one year
+€24,139
Current portion of long-term debt
+€20,882
Short-term financial debts
-€72,121
Cash 2025
€65,528
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,503,394 | €2,474,946 | -€28,448 | -1.1% |
| Fixed assets | 21/28 | €253,968 | €267,594 | +€13,626 | +5.4% |
| Tangible fixed assets | 22/27 | €250,788 | €263,529 | +€12,741 | +5.1% |
| Land and buildings | 22 | €16,700 | €8,467 | -€8,233 | -49.3% |
| Plant, machinery and equipment | 23 | €19,678 | €7,512 | -€12,166 | -61.8% |
| Furniture and vehicles | 24 | €214,410 | €247,550 | +€33,140 | +15.5% |
| Financial fixed assets | 28 | €3,180 | €4,065 | +€885 | +27.8% |
| Current assets | 29/58 | €2,249,426 | €2,207,352 | -€42,074 | -1.9% |
| Stocks and contracts in progress | 3 | €1,800,090 | €1,919,961 | +€119,871 | +6.7% |
| Stocks | 30/36 | €1,800,090 | €1,919,961 | +€119,871 | +6.7% |
| Amounts receivable within one year | 40/41 | €364,262 | €204,010 | -€160,252 | -44.0% |
| Trade receivables | 40 | €89,902 | €163,639 | +€73,737 | +82.0% |
| Other amounts receivable | 41 | €274,360 | €40,371 | -€233,989 | -85.3% |
| Cash at bank and in hand | 54/58 | €72,708 | €65,528 | -€7,179 | -9.9% |
| Deferred charges and accrued income | 490/1 | €12,366 | €17,852 | +€5,486 | +44.4% |
| Total equity and liabilities | 10/49 | €2,503,394 | €2,474,946 | -€28,448 | -1.1% |
| Equity | 10/15 | €574,967 | €584,970 | +€10,003 | +1.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €555,967 | €565,970 | +€10,003 | +1.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €555,967 | €565,970 | +€10,003 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,928,427 | €1,889,976 | -€38,452 | -2.0% |
| Amounts payable after more than one year | 17 | €238,567 | €262,706 | +€24,139 | +10.1% |
| Financial debts | 170/4 | €238,567 | €262,706 | +€24,139 | +10.1% |
| Amounts payable within one year | 42/48 | €1,676,289 | €1,612,037 | -€64,251 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €28,979 | €49,861 | +€20,882 | +72.1% |
| Financial debts | 43 | €78,000 | €5,879 | -€72,121 | -92.5% |
| Credit institutions | 430/8 | €78,000 | €5,879 | -€72,121 | -92.5% |
| Trade debts | 44 | €644,389 | €396,264 | -€248,125 | -38.5% |
| Suppliers | 440/4 | €644,389 | €396,264 | -€248,125 | -38.5% |
| Taxes, remuneration and social security | 45 | €53,769 | €11,825 | -€41,944 | -78.0% |
| Taxes | 450/3 | €42,541 | €3,502 | -€39,039 | -91.8% |
| Remuneration and social security | 454/9 | €11,228 | €8,323 | -€2,905 | -25.9% |
| Other amounts payable | 47/48 | €871,152 | €1,148,208 | +€277,056 | +31.8% |
| Accrued charges and deferred income | 492/3 | €13,572 | €15,232 | +€1,661 | +12.2% |
| Non-recurring operating income | 76A | €954 | €0 | -€954 | -100% |
| Remuneration, social security and pensions | 62 | €122,364 | €113,230 | -€9,134 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,695 | €57,209 | -€8,486 | -12.9% |
| Other operating charges | 640/8 | €23,179 | €2,620 | -€20,559 | -88.7% |
| Non-recurring operating charges | 66A | €12,410 | €14,730 | +€2,319 | +18.7% |
| Gross operating margin | 9900 | €342,326 | €230,744 | -€111,583 | -32.6% |
| Operating profit (loss) | 9901 | €118,678 | €42,955 | -€75,723 | -63.8% |
| Financial income | 75/76B | €6,144 | €8,413 | +€2,268 | +36.9% |
| Recurring financial income | 75 | €6,144 | €8,413 | +€2,268 | +36.9% |
| Financial charges | 65/66B | €79,642 | €17,754 | -€61,888 | -77.7% |
| Recurring financial charges | 65 | €79,642 | €17,754 | -€61,888 | -77.7% |
| Profit (loss) for the period before taxes | 9903 | €45,181 | €33,614 | -€11,567 | -25.6% |
| Income taxes | 67/77 | €20,048 | €23,611 | +€3,563 | +17.8% |
| Profit (loss) for the period | 9904 | €25,133 | €10,003 | -€15,130 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,133 | €10,003 | -€15,130 | -60.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.