DE VINCI GROUP: what changed
DE VINCI GROUP
Largest movements
- Receivables within one year +€152,977
up €152,977 (+344%), from €44,520 to €197,497
of which Other amounts receivable: +€157,157
- Cash -€4,798
down €4,798 (-82.6%), from €5,808 to €1,010
mainly Receivables within one year (-€152,977) and Trade debts (-€5,285)
- Current investments -€3,400
no longer reported in 2025 (was €3,400)
- Tangible fixed assets -€2,911
down €2,911 (-44.3%), from €6,564 to €3,653
- Debts after one year +€92,105
up €92,105 (+155%), from €59,351 to €151,457
- Other debts +€39,251
up €39,251 (+257%), from €15,300 to €54,551
- Profit (loss) carried forward +€20,458
up €20,458 (+220%), from €9,310 to €29,768
- Trade debts -€5,285
down €5,285 (-48.8%), from €10,822 to €5,537
- Gross operating margin +€20,673
up €20,673 (+134%), from €15,463 to €36,136
- Taxes +€4,575
up €4,575 (+123%), from €3,705 to €8,280
- Other operating charges +€1,796
up €1,796 (+240%), from €747 to €2,544
- Financial charges +€1,404
up €1,404 (+257%), from €546 to €1,950
- Depreciation +€1,118
up €1,118 (+62.3%), from €1,793 to €2,911
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,352 | €257,902 | +€141,550 | +122% |
| Fixed assets | 21/28 | €61,564 | €58,753 | -€2,811 | -4.6% |
| Tangible fixed assets | 22/27 | €6,564 | €3,653 | -€2,911 | -44.3% |
| Furniture and vehicles | 24 | €6,564 | €3,653 | -€2,911 | -44.3% |
| Financial fixed assets | 28 | €55,000 | €55,100 | +€100 | +0.2% |
| Current assets | 29/58 | €54,788 | €199,149 | +€144,361 | +263% |
| Amounts receivable within one year | 40/41 | €44,520 | €197,497 | +€152,977 | +344% |
| Trade receivables | 40 | €7,435 | €3,254 | -€4,181 | -56.2% |
| Other amounts receivable | 41 | €37,086 | €194,243 | +€157,157 | +424% |
| Current investments | 50/53 | €3,400 | - | -€3,400 | |
| Cash at bank and in hand | 54/58 | €5,808 | €1,010 | -€4,798 | -82.6% |
| Deferred charges and accrued income | 490/1 | €1,060 | €642 | -€419 | -39.5% |
| Total equity and liabilities | 10/49 | €116,352 | €257,902 | +€141,550 | +122% |
| Equity | 10/15 | €23,510 | €43,968 | +€20,458 | +87.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,310 | €29,768 | +€20,458 | +220% |
| Amounts payable | 17/49 | €92,842 | €213,934 | +€121,092 | +130% |
| Amounts payable after more than one year | 17 | €59,351 | €151,457 | +€92,105 | +155% |
| Other amounts payable | 178/9 | €59,351 | €151,457 | +€92,105 | +155% |
| Amounts payable within one year | 42/48 | €33,491 | €62,477 | +€28,986 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €2,417 | - | -€2,417 | |
| Trade debts | 44 | €10,822 | €5,537 | -€5,285 | -48.8% |
| Suppliers | 440/4 | €10,822 | €5,537 | -€5,285 | -48.8% |
| Taxes, remuneration and social security | 45 | €4,953 | €2,390 | -€2,563 | -51.8% |
| Taxes | 450/3 | €953 | €2,390 | +€1,437 | +151% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €15,300 | €54,551 | +€39,251 | +257% |
| Non-recurring operating income | 76A | - | €433 | +€433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,793 | €2,911 | +€1,118 | +62.3% |
| Other operating charges | 640/8 | €747 | €2,544 | +€1,796 | +240% |
| Gross operating margin | 9900 | €15,463 | €36,136 | +€20,673 | +134% |
| Operating profit (loss) | 9901 | €12,922 | €30,682 | +€17,760 | +137% |
| Financial income | 75/76B | €10 | €5 | -€5 | -48.0% |
| Recurring financial income | 75 | €10 | €5 | -€5 | -48.0% |
| Financial charges | 65/66B | €546 | €1,950 | +€1,404 | +257% |
| Recurring financial charges | 65 | €546 | €1,950 | +€1,404 | +257% |
| Profit (loss) for the period before taxes | 9903 | €12,386 | €28,738 | +€16,351 | +132% |
| Income taxes | 67/77 | €3,705 | €8,280 | +€4,575 | +123% |
| Profit (loss) for the period | 9904 | €8,682 | €20,458 | +€11,776 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €8,682 | €20,458 | +€11,776 | +136% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.