Deconinck Construct: 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.
Deconinck Construct
Largest movements
- Receivables within one year -€68,295
down €68,295 (-44.9%), from €151,992 to €83,698
of which Trade receivables: -€77,581
- Tangible fixed assets +€12,919
up €12,919 (+81.3%), from €15,887 to €28,807
of which Plant, machinery and equipment: +€14,363
- Cash -€7,364
down €7,364 (-28.9%), from €25,492 to €18,128
mainly Net result for the year (-€61,745) and Investment in fixed assets (net) (-€23,167)
- Profit (loss) carried forward -€62,578
down €62,578 (-72.6%), from €86,229 to €23,651
- Trade debts -€9,923
down €9,923 (-17.1%), from €58,180 to €48,257
- Tax, wage and social debts +€9,761
up €9,761 (+25.1%), from €38,962 to €48,724
of which Taxes: +€5,955
- Staff costs +€15,795
up €15,795 (+48.8%), from €32,393 to €48,188
- Gross operating margin +€7,066
up €7,066 (+64.4%), from -€10,970 to -€3,904
- Depreciation +€4,004
up €4,004 (+64.1%), from €6,244 to €10,248
- Taxes +€820
new in 2025: €820
- Other operating charges -€377
down €377 (-17.2%), from €2,197 to €1,820
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 | €193,372 | €130,632 | -€62,740 | -32.4% |
| Fixed assets | 21/28 | €15,887 | €28,807 | +€12,919 | +81.3% |
| Tangible fixed assets | 22/27 | €15,887 | €28,807 | +€12,919 | +81.3% |
| Plant, machinery and equipment | 23 | €3,913 | €18,276 | +€14,363 | +367.1% |
| Furniture and vehicles | 24 | €11,974 | €10,531 | -€1,444 | -12.1% |
| Current assets | 29/58 | €177,484 | €101,825 | -€75,659 | -42.6% |
| Amounts receivable within one year | 40/41 | €151,992 | €83,698 | -€68,295 | -44.9% |
| Trade receivables | 40 | €93,856 | €16,276 | -€77,581 | -82.7% |
| Other amounts receivable | 41 | €58,136 | €67,422 | +€9,286 | +16.0% |
| Cash at bank and in hand | 54/58 | €25,492 | €18,128 | -€7,364 | -28.9% |
| Total equity and liabilities | 10/49 | €193,372 | €130,632 | -€62,740 | -32.4% |
| Equity | 10/15 | €96,229 | €33,651 | -€62,578 | -65.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,229 | €23,651 | -€62,578 | -72.6% |
| Amounts payable | 17/49 | €97,143 | €96,981 | -€162 | -0.2% |
| Amounts payable within one year | 42/48 | €97,143 | €96,981 | -€162 | -0.2% |
| Trade debts | 44 | €58,180 | €48,257 | -€9,923 | -17.1% |
| Suppliers | 440/4 | €58,180 | €48,257 | -€9,923 | -17.1% |
| Taxes, remuneration and social security | 45 | €38,962 | €48,724 | +€9,761 | +25.1% |
| Taxes | 450/3 | €38,962 | €44,917 | +€5,955 | +15.3% |
| Remuneration and social security | 454/9 | - | €3,807 | +€3,807 | |
| Remuneration, social security and pensions | 62 | €32,393 | €48,188 | +€15,795 | +48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,244 | €10,248 | +€4,004 | +64.1% |
| Other operating charges | 640/8 | €2,197 | €1,820 | -€377 | -17.2% |
| Gross operating margin | 9900 | -€10,970 | -€3,904 | +€7,066 | +64.4% |
| Operating profit (loss) | 9901 | -€51,804 | -€64,160 | -€12,356 | -23.9% |
| Financial income | 75/76B | €2,960 | €3,316 | +€356 | +12.0% |
| Recurring financial income | 75 | €2,960 | €3,316 | +€356 | +12.0% |
| Financial charges | 65/66B | €296 | €81 | -€215 | -72.6% |
| Recurring financial charges | 65 | €296 | €81 | -€215 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,139 | -€60,925 | -€11,785 | -24.0% |
| Income taxes | 67/77 | - | €820 | +€820 | |
| Profit (loss) for the period | 9904 | -€49,139 | -€61,745 | -€12,606 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,139 | -€61,745 | -€12,606 | -25.7% |
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 11 October 2026 via checked.be.