DCONSTRUCT: 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.
DCONSTRUCT
Largest movements
- Tangible fixed assets +€283,706
up €283,706 (+160.1%), from €177,238 to €460,943
of which Plant, machinery and equipment: +€226,627
- Receivables within one year +€86,190
up €86,190 (+119.1%), from €72,338 to €158,527
of which Trade receivables: +€85,866
- Stocks and contracts +€36,503
up €36,503 (+41.9%), from €87,134 to €123,637
of which Contracts in progress: +€30,000
- Other debts +€375,670
up €375,670 (+224.9%), from €167,016 to €542,686
- Current portion of long-term debt +€15,483
up €15,483 (+41.1%), from €37,674 to €53,157
- Debts after one year +€13,980
up €13,980 (+22.5%), from €62,040 to €76,021
- Gross operating margin +€99,745
up €99,745 (+137.6%), from €72,467 to €172,212
- Depreciation +€51,369
up €51,369 (+121.5%), from €42,294 to €93,663
- Staff costs +€33,038
up €33,038 (+110.6%), from €29,868 to €62,906
- Financial charges +€7,405
up €7,405 (+155.4%), from €4,764 to €12,169
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 | €366,414 | €765,339 | +€398,925 | +108.9% |
| Fixed assets | 21/28 | €180,769 | €462,869 | +€282,100 | +156.1% |
| Intangible fixed assets | 21 | €3,531 | €1,925 | -€1,606 | -45.5% |
| Tangible fixed assets | 22/27 | €177,238 | €460,943 | +€283,706 | +160.1% |
| Plant, machinery and equipment | 23 | €94,402 | €321,029 | +€226,627 | +240.1% |
| Furniture and vehicles | 24 | €12,408 | €7,080 | -€5,328 | -42.9% |
| Leasing and similar rights | 25 | - | €62,455 | +€62,455 | |
| Other tangible fixed assets | 26 | €70,428 | €70,379 | -€49 | -0.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €185,645 | €302,470 | +€116,825 | +62.9% |
| Stocks and contracts in progress | 3 | €87,134 | €123,637 | +€36,503 | +41.9% |
| Stocks | 30/36 | €47,134 | €53,637 | +€6,503 | +13.8% |
| Contracts in progress | 37 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Amounts receivable within one year | 40/41 | €72,338 | €158,527 | +€86,190 | +119.1% |
| Trade receivables | 40 | €72,338 | €158,204 | +€85,866 | +118.7% |
| Other amounts receivable | 41 | €0 | €324 | +€324 | |
| Cash at bank and in hand | 54/58 | €20,220 | €19,463 | -€756 | -3.7% |
| Deferred charges and accrued income | 490/1 | €5,953 | €842 | -€5,111 | -85.9% |
| Total equity and liabilities | 10/49 | €366,414 | €765,339 | +€398,925 | +108.9% |
| Equity | 10/15 | €71,748 | €74,340 | +€2,592 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 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 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,288 | €8,880 | +€2,592 | +41.2% |
| Amounts payable | 17/49 | €294,666 | €690,998 | +€396,333 | +134.5% |
| Amounts payable after more than one year | 17 | €62,040 | €76,021 | +€13,980 | +22.5% |
| Financial debts | 170/4 | €62,040 | €76,021 | +€13,980 | +22.5% |
| Amounts payable within one year | 42/48 | €232,625 | €614,660 | +€382,034 | +164.2% |
| Current portion of amounts payable after more than one year | 42 | €37,674 | €53,157 | +€15,483 | +41.1% |
| Trade debts | 44 | €22,015 | €15,531 | -€6,483 | -29.4% |
| Suppliers | 440/4 | €22,015 | €15,531 | -€6,483 | -29.4% |
| Taxes, remuneration and social security | 45 | €5,920 | €3,285 | -€2,635 | -44.5% |
| Taxes | 450/3 | €2,488 | €1,151 | -€1,337 | -53.7% |
| Remuneration and social security | 454/9 | €3,432 | €2,134 | -€1,298 | -37.8% |
| Other amounts payable | 47/48 | €167,016 | €542,686 | +€375,670 | +224.9% |
| Accrued charges and deferred income | 492/3 | - | €318 | +€318 | |
| Remuneration, social security and pensions | 62 | €29,868 | €62,906 | +€33,038 | +110.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,294 | €93,663 | +€51,369 | +121.5% |
| Other operating charges | 640/8 | €724 | €713 | -€10 | -1.4% |
| Gross operating margin | 9900 | €72,467 | €172,212 | +€99,745 | +137.6% |
| Operating profit (loss) | 9901 | -€419 | €14,929 | +€15,348 | |
| Financial income | 75/76B | €160 | €40 | -€120 | -74.7% |
| Recurring financial income | 75 | €160 | €40 | -€120 | -74.7% |
| Financial charges | 65/66B | €4,764 | €12,169 | +€7,405 | +155.4% |
| Recurring financial charges | 65 | €4,764 | €12,169 | +€7,405 | +155.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,023 | €2,801 | +€7,823 | |
| Income taxes | 67/77 | €329 | €209 | -€120 | -36.5% |
| Profit (loss) for the period | 9904 | -€5,352 | €2,592 | +€7,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,352 | €2,592 | +€7,944 |
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 4 October 2026 via checked.be.