DB-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.
DB-CONSTRUCT
Largest movements
- Receivables within one year +€66,448
up €66,448 (+90.8%), from €73,160 to €139,608
of which Trade receivables: +€35,615
- Cash -€28,838
down €28,838 (-32.2%), from €89,451 to €60,613
mainly Debts after one year (-€418,500) and Receivables within one year (-€66,448)
- Tangible fixed assets -€19,294
down €19,294 (-3.8%), from €507,562 to €488,268
of which Land and buildings: -€16,810
- Debts after one year -€418,500
down €418,500 (-89.3%), from €468,500 to €50,000
- Current portion of long-term debt +€418,500
new in 2025: €418,500
- Reserves +€16,899
up €16,899 (+9.3%), from €181,651 to €198,550
- Gross operating margin +€42,550
up €42,550 (+191.3%), from €22,238 to €64,788
- Financial income +€6,856
new in 2025: €6,856
- Write-downs +€6,742
new in 2025: €6,742
- Depreciation -€1,907
down €1,907 (-8.6%), from €22,066 to €20,159
- Taxes +€1,690
new in 2025: €1,690
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 | €671,873 | €688,602 | +€16,729 | +2.5% |
| Fixed assets | 21/28 | €507,562 | €488,268 | -€19,294 | -3.8% |
| Tangible fixed assets | 22/27 | €507,562 | €488,268 | -€19,294 | -3.8% |
| Land and buildings | 22 | €504,125 | €487,314 | -€16,810 | -3.3% |
| Plant, machinery and equipment | 23 | €1,801 | €170 | -€1,631 | -90.6% |
| Furniture and vehicles | 24 | €1,636 | €783 | -€853 | -52.1% |
| Current assets | 29/58 | €164,311 | €200,334 | +€36,023 | +21.9% |
| Amounts receivable within one year | 40/41 | €73,160 | €139,608 | +€66,448 | +90.8% |
| Trade receivables | 40 | €73,009 | €108,624 | +€35,615 | +48.8% |
| Other amounts receivable | 41 | €151 | €30,984 | +€30,833 | +20376.0% |
| Cash at bank and in hand | 54/58 | €89,451 | €60,613 | -€28,838 | -32.2% |
| Deferred charges and accrued income | 490/1 | €1,700 | €113 | -€1,586 | -93.3% |
| Total equity and liabilities | 10/49 | €671,873 | €688,602 | +€16,729 | +2.5% |
| Equity | 10/15 | €201,651 | €218,550 | +€16,899 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €181,651 | €198,550 | +€16,899 | +9.3% |
| Distributable reserves | 133 | €181,651 | €198,550 | +€16,899 | +9.3% |
| Amounts payable | 17/49 | €470,222 | €470,052 | -€170 | 0.0% |
| Amounts payable after more than one year | 17 | €468,500 | €50,000 | -€418,500 | -89.3% |
| Financial debts | 170/4 | €468,500 | €50,000 | -€418,500 | -89.3% |
| Amounts payable within one year | 42/48 | €1,722 | €420,052 | +€418,330 | +24296.6% |
| Current portion of amounts payable after more than one year | 42 | - | €418,500 | +€418,500 | |
| Trade debts | 44 | €1,722 | €0 | -€1,722 | -100.0% |
| Suppliers | 440/4 | €1,722 | €0 | -€1,722 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,440 | +€1,440 | |
| Taxes | 450/3 | - | €1,440 | +€1,440 | |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €112 | +€112 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €201 | €381 | +€180 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,066 | €20,159 | -€1,907 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,742 | +€6,742 | |
| Other operating charges | 640/8 | €884 | €911 | +€28 | +3.1% |
| Gross operating margin | 9900 | €22,238 | €64,788 | +€42,550 | +191.3% |
| Operating profit (loss) | 9901 | -€913 | €36,595 | +€37,508 | |
| Financial income | 75/76B | - | €6,856 | +€6,856 | |
| Recurring financial income | 75 | - | €6,856 | +€6,856 | |
| Financial charges | 65/66B | €25,982 | €24,862 | -€1,120 | -4.3% |
| Recurring financial charges | 65 | €25,982 | €24,862 | -€1,120 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,895 | €18,589 | +€45,484 | |
| Income taxes | 67/77 | - | €1,690 | +€1,690 | |
| Profit (loss) for the period | 9904 | -€26,895 | €16,899 | +€43,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,895 | €16,899 | +€43,794 |
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 3 October 2026 via checked.be.