Deep C Holding: 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.
What changed
Deep C Holding
NACE 42.919, Civil engineering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5.4m
2024 · €721,449+€4.7m
Equity
€49.1m
2024 · €43.7m+€5.4m
Cash
€3.1m
2024 · €665,022+€2.5m
Balance sheet total
€110.9m
2024 · €111.8m-€872,698
Largest movements
Assets
- Receivables after one year -€2.6m
down €2.6m (-8.6%), from €30.5m to €27.9m
of which Other amounts receivable: -€2.6m
- Cash +€2.5m
up €2.5m (+372.5%), from €665,022 to €3.1m
mainly Net result for the year (+€5.4m) and Receivables after one year (+€2.6m)
Equity and liabilities
- Profit (loss) carried forward +€5.2m
up €5.2m (+159.8%), from €3.2m to €8.4m
- Other debts -€4.9m
down €4.9m (-69.6%), from €7.1m to €2.2m
- Accrued charges and deferred income -€1.8m
down €1.8m (-19.8%), from €8.9m to €7.1m
Income statement
- Financial income +€4.6m
up €4.6m (+126.4%), from €3.7m to €8.3m
of which Financial income: +€4.7m
- Staff costs -€216,965
down €216,965 (-49.7%), from €436,790 to €219,825
- Turnover -€113,134
down €113,134 (-11.0%), from €1.0m to €912,530
- Financial charges -€37,054
down €37,054 (-1.3%), from €3.0m to €2.9m
of which Non-recurring financial charges: -€120,555
- Other operating income -€34,745
down €34,745 (-100.0%), from €34,745 to €0
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
€721,449
Turnover
-€113,134
Other operating income
-€34,745
Services and other goods
-€19,496
Staff costs
+€216,965
Other operating charges
+€391
Financial income
+€4.6m
Financial charges
+€37,054
Taxes
-€459
Result 2025
€5.4m
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.
From operations
+€2.0m
Investment
+€5,977
Financing
+€447,756
Cash 2024
€665,022
From operations (derived)
+€2.0m
Net result for the year
+€5.4m
Depreciation
+€125
Receivables after one year
+€2.6m
Receivables within one year
+€679,805
Deferred charges and accrued income
+€37,654
Trade debts
+€92
Tax, wage and social debts
-€55,536
Other debts
-€4.9m
Accrued charges and deferred income
-€1.8m
Investment (derived)
+€5,977
Investment in fixed assets (net)
+€5,977
Financing
+€447,756
Debts after one year
+€447,756
Cash 2025
€3.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,792,682 | €110,919,985 | -€872,698 | -0.8% |
| Fixed assets | 21/28 | €67,044,939 | €67,038,837 | -€6,102 | 0.0% |
| Tangible fixed assets | 22/27 | €471 | €346 | -€125 | -26.6% |
| Plant, machinery and equipment | 23 | €471 | €346 | -€125 | -26.6% |
| Financial fixed assets | 28 | €67,044,468 | €67,038,491 | -€5,977 | 0.0% |
| Affiliated companies | 280/1 | €66,509,931 | €66,509,931 | = | 0.0% |
| Participating interests | 280 | €66,509,931 | €66,509,931 | = | 0.0% |
| Other financial fixed assets | 284/8 | €534,537 | €528,560 | -€5,977 | -1.1% |
| Shares | 284 | €525,000 | €525,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,537 | €3,560 | -€5,977 | -62.7% |
| Current assets | 29/58 | €44,747,743 | €43,881,148 | -€866,595 | -1.9% |
| Amounts receivable after more than one year | 29 | €30,493,607 | €27,867,338 | -€2.6m | -8.6% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €30,493,607 | €27,867,338 | -€2.6m | -8.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €12,169,234 | €11,489,429 | -€679,805 | -5.6% |
| Trade receivables | 40 | €91,973 | €14,183 | -€77,790 | -84.6% |
| Other amounts receivable | 41 | €12,077,261 | €11,475,246 | -€602,015 | -5.0% |
| Cash at bank and in hand | 54/58 | €665,022 | €3,142,155 | +€2.5m | +372.5% |
| Deferred charges and accrued income | 490/1 | €1,419,880 | €1,382,225 | -€37,654 | -2.7% |
| Total equity and liabilities | 10/49 | €111,792,682 | €110,919,985 | -€872,698 | -0.8% |
| Equity | 10/15 | €43,675,385 | €49,108,284 | +€5.4m | +12.4% |
| Contributions | 10/11 | €39,450,000 | €39,450,000 | = | 0.0% |
| Capital | 10 | €39,450,000 | €39,450,000 | = | 0.0% |
| Issued capital | 100 | €39,450,000 | €39,450,000 | = | 0.0% |
| Reserves | 13 | €994,985 | €1,266,630 | +€271,645 | +27.3% |
| Non-distributable reserves | 130/1 | €994,985 | €1,266,630 | +€271,645 | +27.3% |
| Legal reserve | 130 | €994,985 | €1,266,630 | +€271,645 | +27.3% |
| Profit (loss) carried forward | 14 | €3,230,400 | €8,391,654 | +€5.2m | +159.8% |
| Amounts payable | 17/49 | €68,117,298 | €61,811,701 | -€6.3m | -9.3% |
| Amounts payable after more than one year | 17 | €46,955,112 | €47,402,867 | +€447,756 | +1.0% |
| Financial debts | 170/4 | €46,955,112 | €47,402,867 | +€447,756 | +1.0% |
| Other loans | 174 | €46,955,112 | €47,402,867 | +€447,756 | +1.0% |
| Amounts payable within one year | 42/48 | €12,246,469 | €7,259,878 | -€5.0m | -40.7% |
| Financial debts | 43 | €5,000,000 | €5,000,000 | = | 0.0% |
| Other loans | 439 | €5,000,000 | €5,000,000 | = | 0.0% |
| Trade debts | 44 | €102,745 | €102,837 | +€92 | +0.1% |
| Suppliers | 440/4 | €102,745 | €102,837 | +€92 | +0.1% |
| Taxes, remuneration and social security | 45 | €62,012 | €6,476 | -€55,536 | -89.6% |
| Taxes | 450/3 | €54,718 | €0 | -€54,718 | -100.0% |
| Remuneration and social security | 454/9 | €7,295 | €6,476 | -€818 | -11.2% |
| Other amounts payable | 47/48 | €7,081,711 | €2,150,565 | -€4.9m | -69.6% |
| Accrued charges and deferred income | 492/3 | €8,915,717 | €7,148,956 | -€1.8m | -19.8% |
| Operating income | 70/76A | €1,060,409 | €912,530 | -€147,879 | -13.9% |
| Turnover | 70 | €1,025,664 | €912,530 | -€113,134 | -11.0% |
| Other operating income | 74 | €34,745 | €0 | -€34,745 | -100.0% |
| Operating charges | 60/66A | €1,041,148 | €843,287 | -€197,860 | -19.0% |
| Services and other goods | 61 | €602,343 | €621,839 | +€19,496 | +3.2% |
| Remuneration, social security and pensions | 62 | €436,790 | €219,825 | -€216,965 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €125 | = | 0.0% |
| Other operating charges | 640/8 | €1,889 | €1,498 | -€391 | -20.7% |
| Operating profit (loss) | 9901 | €19,261 | €69,243 | +€49,981 | +259.5% |
| Financial income | 75/76B | €3,658,501 | €8,283,375 | +€4.6m | +126.4% |
| Recurring financial income | 75 | €3,537,947 | €8,283,375 | +€4.7m | +134.1% |
| Income from financial fixed assets | 750 | - | €4,600,000 | +€4.6m | |
| Income from current assets | 751 | €3,489,119 | €3,664,806 | +€175,687 | +5.0% |
| Other financial income | 752/9 | €48,828 | €18,569 | -€30,259 | -62.0% |
| Non-recurring financial income | 76B | €120,555 | €0 | -€120,555 | -100.0% |
| Financial charges | 65/66B | €2,956,773 | €2,919,719 | -€37,054 | -1.3% |
| Recurring financial charges | 65 | €2,836,218 | €2,919,719 | +€83,501 | +2.9% |
| Debt charges | 650 | €2,593,174 | €2,858,492 | +€265,318 | +10.2% |
| Other financial charges | 652/9 | €243,044 | €61,227 | -€181,817 | -74.8% |
| Non-recurring financial charges | 66B | €120,555 | €0 | -€120,555 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €720,990 | €5,432,899 | +€4.7m | +653.5% |
| Income taxes | 67/77 | -€459 | €0 | +€459 | |
| Taxes | 670/3 | €84 | €0 | -€84 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | €544 | €0 | -€544 | -100.0% |
| Profit (loss) for the period | 9904 | €721,449 | €5,432,899 | +€4.7m | +653.1% |
| Profit (loss) for the period to be appropriated | 9905 | €721,449 | €5,432,899 | +€4.7m | +653.1% |
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 8 October 2026 via checked.be.