DBR CONSTRUCT: 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
DBR CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€282,918
2024 · -€256,962+€539,880
Equity
€511,341
2024 · €228,423+€282,918
Cash
€122,550
2024 · €121,776+€774
Balance sheet total
€5.1m
2024 · €5.7m-€593,813
Largest movements
Assets
- Receivables within one year -€502,493
down €502,493 (-18.4%), from €2.7m to €2.2m
of which Trade receivables: -€543,371
- Tangible fixed assets -€161,491
down €161,491 (-6.4%), from €2.5m to €2.4m
of which Leasing and similar rights: -€295,201
Equity and liabilities
- Trade debts -€986,202
down €986,202 (-43.8%), from €2.3m to €1.3m
- Profit (loss) carried forward +€282,918
up €282,918 (+166.2%), from €170,230 to €453,148
- Other debts -€204,464
down €204,464 (-81.6%), from €250,480 to €46,015
- Short-term financial debts +€149,905
up €149,905 (+26.1%), from €575,095 to €725,000
- Tax, wage and social debts +€148,230
up €148,230 (+76.9%), from €192,701 to €340,932
of which Remuneration and social security: +€88,839
Income statement
- Gross operating margin +€597,516
up €597,516 (+22.2%), from €2.7m to €3.3m
- Write-downs -€204,629
down €204,629 (-72.6%), from €281,735 to €77,106
- Depreciation +€192,896
up €192,896 (+28.1%), from €685,974 to €878,871
- Staff costs +€54,602
up €54,602 (+3.3%), from €1.6m to €1.7m
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
-€256,962
Gross operating margin
+€597,516
Staff costs
-€54,602
Depreciation
-€192,896
Write-downs
+€204,629
Other operating charges
-€8,794
Financial income
-€4,425
Financial charges
+€26,276
Taxes
-€27,822
Result 2025
€282,918
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.
From operations
+€565,313
Investment
-€730,245
Financing
+€165,706
Cash 2024
€121,776
From operations (derived)
+€565,313
Net result for the year
+€282,918
Depreciation
+€878,871
Stocks and contracts
-€46,668
Receivables within one year
+€502,493
Deferred charges and accrued income
-€9,864
Trade debts
-€986,202
Tax, wage and social debts
+€148,230
Other debts
-€204,464
Investment (derived)
-€730,245
Investment in fixed assets (net)
-€730,245
Financing
+€165,706
Debts after one year
-€117,940
Current portion of long-term debt
+€133,741
Short-term financial debts
+€149,905
Cash 2025
€122,550
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,668,705 | €5,074,892 | -€593,813 | -10.5% |
| Fixed assets | 21/28 | €2,516,214 | €2,367,589 | -€148,625 | -5.9% |
| Tangible fixed assets | 22/27 | €2,516,090 | €2,354,599 | -€161,491 | -6.4% |
| Land and buildings | 22 | €489,468 | €723,945 | +€234,477 | +47.9% |
| Plant, machinery and equipment | 23 | €253,943 | €163,989 | -€89,954 | -35.4% |
| Furniture and vehicles | 24 | €241,990 | €236,823 | -€5,168 | -2.1% |
| Leasing and similar rights | 25 | €1,525,043 | €1,229,842 | -€295,201 | -19.4% |
| Assets under construction and advance payments | 27 | €5,646 | €0 | -€5,646 | -100.0% |
| Financial fixed assets | 28 | €124 | €12,990 | +€12,866 | +10375.8% |
| Current assets | 29/58 | €3,152,491 | €2,707,304 | -€445,188 | -14.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €38,000 | €84,668 | +€46,668 | +122.8% |
| Stocks | 30/36 | €38,000 | €84,668 | +€46,668 | +122.8% |
| Amounts receivable within one year | 40/41 | €2,730,682 | €2,228,189 | -€502,493 | -18.4% |
| Trade receivables | 40 | €2,692,770 | €2,149,399 | -€543,371 | -20.2% |
| Other amounts receivable | 41 | €37,912 | €78,790 | +€40,878 | +107.8% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,776 | €122,550 | +€774 | +0.6% |
| Deferred charges and accrued income | 490/1 | €12,033 | €21,897 | +€9,864 | +82.0% |
| Total equity and liabilities | 10/49 | €5,668,705 | €5,074,892 | -€593,813 | -10.5% |
| Equity | 10/15 | €228,423 | €511,341 | +€282,918 | +123.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €45,793 | €45,793 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,933 | €43,933 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,230 | €453,148 | +€282,918 | +166.2% |
| Amounts payable | 17/49 | €5,440,282 | €4,563,552 | -€876,731 | -16.1% |
| Amounts payable after more than one year | 17 | €1,605,970 | €1,488,030 | -€117,940 | -7.3% |
| Financial debts | 170/4 | €1,605,970 | €1,388,030 | -€217,940 | -13.6% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €3,834,312 | €3,075,521 | -€758,791 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €562,139 | €695,881 | +€133,741 | +23.8% |
| Financial debts | 43 | €575,095 | €725,000 | +€149,905 | +26.1% |
| Credit institutions | 430/8 | €575,095 | €725,000 | +€149,905 | +26.1% |
| Trade debts | 44 | €2,253,896 | €1,267,694 | -€986,202 | -43.8% |
| Suppliers | 440/4 | €2,253,896 | €1,267,694 | -€986,202 | -43.8% |
| Taxes, remuneration and social security | 45 | €192,701 | €340,932 | +€148,230 | +76.9% |
| Taxes | 450/3 | €18,864 | €78,255 | +€59,391 | +314.8% |
| Remuneration and social security | 454/9 | €173,838 | €262,676 | +€88,839 | +51.1% |
| Other amounts payable | 47/48 | €250,480 | €46,015 | -€204,464 | -81.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,646,184 | €1,700,786 | +€54,602 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685,974 | €878,871 | +€192,896 | +28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €281,735 | €77,106 | -€204,629 | -72.6% |
| Other operating charges | 640/8 | €71,048 | €79,843 | +€8,794 | +12.4% |
| Gross operating margin | 9900 | €2,688,530 | €3,286,046 | +€597,516 | +22.2% |
| Operating profit (loss) | 9901 | €3,589 | €549,441 | +€545,852 | +15208.9% |
| Financial income | 75/76B | €9,622 | €5,197 | -€4,425 | -46.0% |
| Recurring financial income | 75 | €9,622 | €5,197 | -€4,425 | -46.0% |
| Financial charges | 65/66B | €269,200 | €242,925 | -€26,276 | -9.8% |
| Recurring financial charges | 65 | €269,200 | €242,925 | -€26,276 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€255,989 | €311,713 | +€567,702 | |
| Income taxes | 67/77 | €974 | €28,795 | +€27,822 | +2857.9% |
| Profit (loss) for the period | 9904 | -€256,962 | €282,918 | +€539,880 | |
| Profit (loss) for the period to be appropriated | 9905 | -€256,962 | €282,918 | +€539,880 |
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 12 October 2026 via checked.be.