DDQ: 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
DDQ
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4,700
2024 · €18,575-€23,275
Equity
€64,674
2024 · €69,375-€4,700
Cash
€6,451
2024 · €2,780+€3,671
Balance sheet total
€437,032
2024 · €471,832-€34,800
Largest movements
Assets
- Tangible fixed assets -€40,031
down €40,031 (-8.7%), from €461,059 to €421,028
Equity and liabilities
- Debts after one year -€20,804
down €20,804 (-10.2%), from €204,909 to €184,105
- Current portion of long-term debt -€8,278
down €8,278 (-28.5%), from €29,082 to €20,804
Income statement
- Gross operating margin -€21,981
down €21,981 (-33.2%), from €66,132 to €44,150
- Depreciation +€6,799
up €6,799 (+19.8%), from €34,346 to €41,146
- Taxes -€5,341
down €5,341 (-89.6%), from €5,963 to €623
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
€18,575
Gross operating margin
-€21,981
Depreciation
-€6,799
Other operating charges
-€110
Financial income
-€204
Financial charges
+€478
Taxes
+€5,341
Result 2025
-€4,700
raises the resultlowers the result
Derived cash bridge
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
+€33,868
Investment
-€1,115
Financing
-€29,082
Cash 2024
€2,780
From operations (derived)
+€33,868
Net result for the year
-€4,700
Depreciation
+€41,146
Receivables within one year
-€270
Deferred charges and accrued income
-€1,289
Trade debts
+€191
Tax, wage and social debts
+€735
Other debts
-€1,993
Accrued charges and deferred income
+€50
Investment (derived)
-€1,115
Investment in fixed assets (net)
-€1,115
Financing
-€29,082
Debts after one year
-€20,804
Current portion of long-term debt
-€8,278
Cash 2025
€6,451
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,832 | €437,032 | -€34,800 | -7.4% |
| Fixed assets | 21/28 | €461,059 | €421,028 | -€40,031 | -8.7% |
| Tangible fixed assets | 22/27 | €461,059 | €421,028 | -€40,031 | -8.7% |
| Land and buildings | 22 | €361,061 | €343,516 | -€17,545 | -4.9% |
| Plant, machinery and equipment | 23 | €29,151 | €25,822 | -€3,329 | -11.4% |
| Furniture and vehicles | 24 | €70,847 | €51,690 | -€19,157 | -27.0% |
| Current assets | 29/58 | €10,773 | €16,003 | +€5,230 | +48.6% |
| Amounts receivable within one year | 40/41 | €5,884 | €6,154 | +€270 | +4.6% |
| Trade receivables | 40 | €0 | €5,766 | +€5,766 | |
| Other amounts receivable | 41 | €5,884 | €388 | -€5,495 | -93.4% |
| Cash at bank and in hand | 54/58 | €2,780 | €6,451 | +€3,671 | +132% |
| Deferred charges and accrued income | 490/1 | €2,109 | €3,398 | +€1,289 | +61.1% |
| Total equity and liabilities | 10/49 | €471,832 | €437,032 | -€34,800 | -7.4% |
| Equity | 10/15 | €69,375 | €64,674 | -€4,700 | -6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,375 | €44,674 | -€4,700 | -9.5% |
| Amounts payable | 17/49 | €402,457 | €372,357 | -€30,100 | -7.5% |
| Amounts payable after more than one year | 17 | €204,909 | €184,105 | -€20,804 | -10.2% |
| Financial debts | 170/4 | €204,909 | €184,105 | -€20,804 | -10.2% |
| Amounts payable within one year | 42/48 | €196,848 | €187,502 | -€9,346 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €29,082 | €20,804 | -€8,278 | -28.5% |
| Trade debts | 44 | €1,650 | €1,841 | +€191 | +11.5% |
| Suppliers | 440/4 | €1,650 | €1,841 | +€191 | +11.5% |
| Taxes, remuneration and social security | 45 | €5,963 | €6,698 | +€735 | +12.3% |
| Taxes | 450/3 | €5,963 | €6,698 | +€735 | +12.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €160,152 | €158,159 | -€1,993 | -1.2% |
| Accrued charges and deferred income | 492/3 | €700 | €750 | +€50 | +7.1% |
| Non-recurring operating income | 76A | €17,732 | €0 | -€17,732 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,346 | €41,146 | +€6,799 | +19.8% |
| Other operating charges | 640/8 | €1,576 | €1,686 | +€110 | +7.0% |
| Gross operating margin | 9900 | €66,132 | €44,150 | -€21,981 | -33.2% |
| Operating profit (loss) | 9901 | €30,209 | €1,318 | -€28,890 | -95.6% |
| Financial income | 75/76B | €206 | €2 | -€204 | -98.9% |
| Recurring financial income | 75 | €206 | €2 | -€204 | -98.9% |
| Financial charges | 65/66B | €5,877 | €5,398 | -€478 | -8.1% |
| Recurring financial charges | 65 | €5,877 | €5,398 | -€478 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €24,538 | -€4,078 | -€28,616 | |
| Income taxes | 67/77 | €5,963 | €623 | -€5,341 | -89.6% |
| Profit (loss) for the period | 9904 | €18,575 | -€4,700 | -€23,275 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,575 | -€4,700 | -€23,275 |
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 15 October 2026 via checked.be.