DBT-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.
DBT-Construct
Largest movements
- Stocks and contracts -€567,410
no longer reported in 2025 (was €567,410)
- Cash +€106,669
up €106,669, from €0 to €106,669
mainly Stocks and contracts (+€567,410) and Net result for the year (+€31,546)
- Receivables within one year +€43,890
up €43,890 (+347.5%), from €12,629 to €56,519
of which Trade receivables: +€23,410
- Debts after one year -€302,159
down €302,159 (-96.8%), from €312,159 to €10,000
- Short-term financial debts -€140,567
no longer reported in 2025 (was €140,567)
- Reserves +€31,455
up €31,455 (+64.3%), from €48,882 to €80,336
- Trade debts +€13,305
up €13,305 (+24.2%), from €54,891 to €68,196
- Current portion of long-term debt -€12,153
no longer reported in 2025 (was €12,153)
- Financial charges -€27,697
down €27,697 (-91.2%), from €30,373 to €2,677
- Gross operating margin -€6,585
down €6,585 (-10.4%), from €63,587 to €57,002
- Taxes +€6,528
up €6,528 (+87.2%), from €7,486 to €14,013
- Other operating charges -€2,606
down €2,606 (-41.5%), from €6,272 to €3,667
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 | €582,076 | €174,734 | -€407,342 | -70.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,696 | €10,093 | +€8,397 | +495.1% |
| Tangible fixed assets | 22/27 | €1,696 | €5,718 | +€4,022 | +237.1% |
| Plant, machinery and equipment | 23 | €1,696 | €2,855 | +€1,159 | +68.3% |
| Furniture and vehicles | 24 | - | €2,863 | +€2,863 | |
| Financial fixed assets | 28 | - | €4,375 | +€4,375 | |
| Current assets | 29/58 | €580,380 | €164,641 | -€415,739 | -71.6% |
| Stocks and contracts in progress | 3 | €567,410 | - | -€567,410 | |
| Stocks | 30/36 | €567,410 | - | -€567,410 | |
| Amounts receivable within one year | 40/41 | €12,629 | €56,519 | +€43,890 | +347.5% |
| Trade receivables | 40 | €12,629 | €36,039 | +€23,410 | +185.4% |
| Other amounts receivable | 41 | - | €20,480 | +€20,480 | |
| Cash at bank and in hand | 54/58 | €0 | €106,669 | +€106,669 | |
| Deferred charges and accrued income | 490/1 | €340 | €1,452 | +€1,112 | +326.5% |
| Total equity and liabilities | 10/49 | €582,076 | €174,734 | -€407,342 | -70.0% |
| Equity | 10/15 | €50,976 | €82,523 | +€31,546 | +61.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,882 | €80,336 | +€31,455 | +64.3% |
| Distributable reserves | 133 | €48,882 | €80,336 | +€31,455 | +64.3% |
| Profit (loss) carried forward | 14 | €95 | €186 | +€92 | +97.2% |
| Amounts payable | 17/49 | €531,099 | €92,211 | -€438,888 | -82.6% |
| Amounts payable after more than one year | 17 | €312,159 | €10,000 | -€302,159 | -96.8% |
| Financial debts | 170/4 | €312,159 | €10,000 | -€302,159 | -96.8% |
| Amounts payable within one year | 42/48 | €218,940 | €82,211 | -€136,729 | -62.5% |
| Current portion of amounts payable after more than one year | 42 | €12,153 | - | -€12,153 | |
| Financial debts | 43 | €140,567 | - | -€140,567 | |
| Credit institutions | 430/8 | €140,567 | - | -€140,567 | |
| Trade debts | 44 | €54,891 | €68,196 | +€13,305 | +24.2% |
| Suppliers | 440/4 | €54,891 | €68,196 | +€13,305 | +24.2% |
| Taxes, remuneration and social security | 45 | €9,716 | €14,015 | +€4,300 | +44.3% |
| Taxes | 450/3 | €9,716 | €14,015 | +€4,300 | +44.3% |
| Other amounts payable | 47/48 | €1,613 | - | -€1,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €1,071 | +€343 | +47.1% |
| Other operating charges | 640/8 | €6,272 | €3,667 | -€2,606 | -41.5% |
| Non-recurring operating charges | 66A | - | €4,105 | +€4,105 | |
| Gross operating margin | 9900 | €63,587 | €57,002 | -€6,585 | -10.4% |
| Operating profit (loss) | 9901 | €56,587 | €48,160 | -€8,427 | -14.9% |
| Financial income | 75/76B | €1 | €77 | +€76 | +7736.7% |
| Recurring financial income | 75 | €1 | €77 | +€76 | +7736.7% |
| Financial charges | 65/66B | €30,373 | €2,677 | -€27,697 | -91.2% |
| Recurring financial charges | 65 | €30,373 | €2,677 | -€27,697 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €26,215 | €45,560 | +€19,345 | +73.8% |
| Income taxes | 67/77 | €7,486 | €14,013 | +€6,528 | +87.2% |
| Profit (loss) for the period | 9904 | €18,729 | €31,546 | +€12,817 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,729 | €31,546 | +€12,817 | +68.4% |
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.