DDL - 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.
DDL - CONSTRUCT
Largest movements
- Receivables within one year -€73,772
down €73,772 (-16.5%), from €447,751 to €373,979
of which Trade receivables: -€103,721
- Tangible fixed assets +€52,629
up €52,629 (+417.4%), from €12,608 to €65,237
of which Furniture and vehicles: +€61,019
- Cash +€7,985
up €7,985 (+5.5%), from €146,238 to €154,223
mainly Receivables within one year (+€73,772) and Debts after one year (+€42,234)
- Trade debts -€54,119
down €54,119 (-25.4%), from €212,813 to €158,694
- Debts after one year +€42,234
new in 2025: €42,234
- Tax, wage and social debts -€18,769
down €18,769 (-40.1%), from €46,839 to €28,070
of which Taxes: -€15,115
- Current portion of long-term debt +€15,702
new in 2025: €15,702
- Gross operating margin -€50,509
down €50,509 (-18.0%), from €280,689 to €230,180
- Staff costs -€28,499
down €28,499 (-12.1%), from €235,491 to €206,992
- Depreciation +€5,056
up €5,056 (+48.5%), from €10,418 to €15,474
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 | €663,781 | €647,288 | -€16,493 | -2.5% |
| Fixed assets | 21/28 | €12,608 | €65,237 | +€52,629 | +417.4% |
| Tangible fixed assets | 22/27 | €12,608 | €65,237 | +€52,629 | +417.4% |
| Plant, machinery and equipment | 23 | €12,210 | €3,821 | -€8,389 | -68.7% |
| Furniture and vehicles | 24 | €397 | €61,416 | +€61,019 | +15359.5% |
| Current assets | 29/58 | €651,173 | €582,051 | -€69,122 | -10.6% |
| Stocks and contracts in progress | 3 | €54,806 | €49,900 | -€4,906 | -9.0% |
| Stocks | 30/36 | €54,806 | €49,900 | -€4,906 | -9.0% |
| Amounts receivable within one year | 40/41 | €447,751 | €373,979 | -€73,772 | -16.5% |
| Trade receivables | 40 | €164,351 | €60,630 | -€103,721 | -63.1% |
| Other amounts receivable | 41 | €283,400 | €313,349 | +€29,949 | +10.6% |
| Cash at bank and in hand | 54/58 | €146,238 | €154,223 | +€7,985 | +5.5% |
| Deferred charges and accrued income | 490/1 | €2,378 | €3,950 | +€1,572 | +66.1% |
| Total equity and liabilities | 10/49 | €663,781 | €647,288 | -€16,493 | -2.5% |
| Equity | 10/15 | €329,128 | €327,588 | -€1,541 | -0.5% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €266,128 | €264,588 | -€1,541 | -0.6% |
| Tax-exempt reserves | 132 | €45,400 | €45,400 | = | 0.0% |
| Distributable reserves | 133 | €220,728 | €219,188 | -€1,541 | -0.7% |
| Amounts payable | 17/49 | €334,652 | €319,700 | -€14,952 | -4.5% |
| Amounts payable after more than one year | 17 | - | €42,234 | +€42,234 | |
| Financial debts | 170/4 | - | €42,234 | +€42,234 | |
| Amounts payable within one year | 42/48 | €334,652 | €277,467 | -€57,186 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €15,702 | +€15,702 | |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €212,813 | €158,694 | -€54,119 | -25.4% |
| Suppliers | 440/4 | €212,813 | €158,694 | -€54,119 | -25.4% |
| Taxes, remuneration and social security | 45 | €46,839 | €28,070 | -€18,769 | -40.1% |
| Taxes | 450/3 | €17,867 | €2,752 | -€15,115 | -84.6% |
| Remuneration and social security | 454/9 | €28,972 | €25,318 | -€3,654 | -12.6% |
| Remuneration, social security and pensions | 62 | €235,491 | €206,992 | -€28,499 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,418 | €15,474 | +€5,056 | +48.5% |
| Other operating charges | 640/8 | €1,453 | €1,767 | +€315 | +21.7% |
| Gross operating margin | 9900 | €280,689 | €230,180 | -€50,509 | -18.0% |
| Operating profit (loss) | 9901 | €33,327 | €5,947 | -€27,380 | -82.2% |
| Financial income | 75/76B | €173 | €102 | -€71 | -41.1% |
| Recurring financial income | 75 | €173 | €102 | -€71 | -41.1% |
| Financial charges | 65/66B | €5,955 | €5,968 | +€13 | +0.2% |
| Recurring financial charges | 65 | €5,955 | €5,968 | +€13 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €27,545 | €81 | -€27,465 | -99.7% |
| Income taxes | 67/77 | €426 | €1,621 | +€1,195 | +280.5% |
| Profit (loss) for the period | 9904 | €27,119 | -€1,541 | -€28,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,119 | -€1,541 | -€28,660 |
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 5 October 2026 via checked.be.