DAVOCONSTRUCT: 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.
DAVOCONSTRUCT
Largest movements
- Tangible fixed assets -€8,081
down €8,081 (-26.8%), from €30,151 to €22,070
- Stocks and contracts -€3,000
down €3,000 (-100%), from €3,000 to €0
- Cash -€1,622
down €1,622 (-45.2%), from €3,586 to €1,965
mainly Net result for the year (-€14,846) and Accrued charges and deferred income (-€790)
- Receivables within one year -€1,109
down €1,109 (-61.5%), from €1,804 to €695
of which Trade receivables: -€606
- Profit (loss) carried forward -€14,846
down €14,846 (-203%), from -€7,299 to -€22,145
- Other debts +€1,901
up €1,901, from €0 to €1,901
- Accrued charges and deferred income -€790
down €790 (-100%), from €790 to €0
- Gross operating margin -€2,642
down €2,642 (-83.2%), from -€3,177 to -€5,819
- Depreciation -€887
down €887 (-9.9%), from €8,968 to €8,081
- Other operating charges -€82
down €82 (-7.3%), from €1,123 to €1,040
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 | €39,615 | €25,977 | -€13,638 | -34.4% |
| Fixed assets | 21/28 | €30,151 | €22,070 | -€8,081 | -26.8% |
| Tangible fixed assets | 22/27 | €30,151 | €22,070 | -€8,081 | -26.8% |
| Land and buildings | 22 | €20,232 | €17,597 | -€2,635 | -13.0% |
| Plant, machinery and equipment | 23 | €6,204 | €2,998 | -€3,207 | -51.7% |
| Furniture and vehicles | 24 | €2,647 | €1,407 | -€1,239 | -46.8% |
| Leasing and similar rights | 25 | €1,069 | €69 | -€1,000 | -93.6% |
| Current assets | 29/58 | €9,464 | €3,907 | -€5,557 | -58.7% |
| Stocks and contracts in progress | 3 | €3,000 | €0 | -€3,000 | -100% |
| Contracts in progress | 37 | €3,000 | €0 | -€3,000 | -100% |
| Amounts receivable within one year | 40/41 | €1,804 | €695 | -€1,109 | -61.5% |
| Trade receivables | 40 | €700 | €94 | -€606 | -86.5% |
| Other amounts receivable | 41 | €1,104 | €600 | -€504 | -45.6% |
| Cash at bank and in hand | 54/58 | €3,586 | €1,965 | -€1,622 | -45.2% |
| Deferred charges and accrued income | 490/1 | €1,073 | €1,247 | +€174 | +16.2% |
| Total equity and liabilities | 10/49 | €39,615 | €25,977 | -€13,638 | -34.4% |
| Equity | 10/15 | €38,301 | €23,455 | -€14,846 | -38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,299 | -€22,145 | -€14,846 | -203% |
| Amounts payable | 17/49 | €1,314 | €2,523 | +€1,208 | +91.9% |
| Amounts payable within one year | 42/48 | €524 | €2,523 | +€1,998 | +381% |
| Trade debts | 44 | €524 | €622 | +€98 | +18.6% |
| Suppliers | 440/4 | €524 | €622 | +€98 | +18.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1,901 | +€1,901 | |
| Accrued charges and deferred income | 492/3 | €790 | €0 | -€790 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,968 | €8,081 | -€887 | -9.9% |
| Other operating charges | 640/8 | €1,123 | €1,040 | -€82 | -7.3% |
| Non-recurring operating charges | 66A | €546 | €0 | -€546 | -100% |
| Gross operating margin | 9900 | -€3,177 | -€5,819 | -€2,642 | -83.2% |
| Operating profit (loss) | 9901 | -€13,814 | -€14,940 | -€1,127 | -8.2% |
| Financial income | 75/76B | €134 | €176 | +€42 | +31.1% |
| Recurring financial income | 75 | €134 | €176 | +€42 | +31.1% |
| Financial charges | 65/66B | €121 | €82 | -€39 | -32.4% |
| Recurring financial charges | 65 | €121 | €82 | -€39 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,801 | -€14,846 | -€1,046 | -7.6% |
| Profit (loss) for the period | 9904 | -€13,801 | -€14,846 | -€1,046 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,801 | -€14,846 | -€1,046 | -7.6% |
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 26 October 2026 via checked.be.