DEGROOTE HARBOUR CONSTRUCT: what changed
What changed
DEGROOTE HARBOUR CONSTRUCT
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€827,420
2024 · €422,117+€405,303
Equity
€7.3m
2024 · €6.5m+€798,446
Cash
€234,745
2024 · €502,582-€267,836
Balance sheet total
€28.8m
2024 · €27.9m+€908,407
Largest movements
Assets
- Stocks and contracts -€3.0m
down €3.0m (-11.6%), from €26.0m to €23.0m
of which Contracts in progress: -€20.2m
- Receivables within one year +€2.5m
up €2.5m (+273%), from €902,990 to €3.4m
of which Other amounts receivable: +€2.8m
- Tangible fixed assets +€1.7m
up €1.7m (+528%), from €329,520 to €2.1m
of which Land and buildings: +€1.7m
Equity and liabilities
- Advances received +€2.2m
up €2.2m (+56,225%), from €3,887 to €2.2m
- Other debts -€2.0m
down €2.0m (-11.7%), from €17.1m to €15.1m
- Reserves +€798,446
up €798,446 (+12.4%), from €6.5m to €7.3m
of which Distributable reserves: +€798,446
- Tax, wage and social debts -€406,712
down €406,712 (-35.2%), from €1.2m to €749,939
of which Taxes: -€387,371
- Trade debts +€311,322
up €311,322 (+11.3%), from €2.7m to €3.1m
Income statement
- Goods and materials -€26.6m
down €26.6m (-95.8%), from €27.8m to €1.2m
of which Change in stocks: decrease (increase): -€22.3m
- Turnover +€5.8m
up €5.8m (+29.8%), from €19.6m to €25.4m
- Services and other goods -€566,632
down €566,632 (-13.6%), from €4.2m to €3.6m
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.
Result 2024
€422,117
Turnover
+€5.8m
Other operating income
-€214,526
Goods and materials
+€26.6m
Services and other goods
+€566,632
Staff costs
+€51,648
Depreciation
-€13,792
Other operating charges
+€68,277
Other operating items
-€32.3m
Financial income
+€20,262
Financial charges
-€82,820
Taxes
-€133,850
Result 2025
€827,420
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.9m
Financing
-€28,974
Cash 2024
€502,582
From operations (derived)
+€1.6m
Net result for the year
+€827,420
Depreciation
+€142,354
Stocks and contracts
+€3.0m
Receivables within one year
-€2.5m
Deferred charges and accrued income
+€8,371
Trade debts
+€311,322
Tax, wage and social debts
-€406,712
Advances received
+€2.2m
Other debts
-€2.0m
Accrued charges and deferred income
+€13,412
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
-€28,974
Contributions, distributions and other
-€28,974
Cash 2025
€234,745
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,913,035 | €28,821,442 | +€908,407 | +3.3% |
| Fixed assets | 21/28 | €389,670 | €2,130,574 | +€1.7m | +447% |
| Tangible fixed assets | 22/27 | €329,520 | €2,070,424 | +€1.7m | +528% |
| Land and buildings | 22 | - | €1,749,852 | +€1.7m | |
| Plant, machinery and equipment | 23 | €282,753 | €175,055 | -€107,698 | -38.1% |
| Furniture and vehicles | 24 | €46,767 | €145,517 | +€98,750 | +211% |
| Financial fixed assets | 28 | €60,150 | €60,150 | = | 0.0% |
| Other financial fixed assets | 284/8 | €60,150 | €60,150 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €60,150 | €60,150 | = | 0.0% |
| Current assets | 29/58 | €27,523,365 | €26,690,868 | -€832,497 | -3.0% |
| Stocks and contracts in progress | 3 | €26,040,000 | €23,016,000 | -€3.0m | -11.6% |
| Stocks | 30/36 | €5,865,000 | €23,016,000 | +€17.2m | +292% |
| Property held for sale | 35 | €5,865,000 | €23,016,000 | +€17.2m | +292% |
| Contracts in progress | 37 | €20,175,000 | €0 | -€20.2m | -100% |
| Amounts receivable within one year | 40/41 | €902,990 | €3,370,701 | +€2.5m | +273% |
| Trade receivables | 40 | €744,576 | €437,716 | -€306,861 | -41.2% |
| Other amounts receivable | 41 | €158,414 | €2,932,985 | +€2.8m | +1,751% |
| Cash at bank and in hand | 54/58 | €502,582 | €234,745 | -€267,836 | -53.3% |
| Deferred charges and accrued income | 490/1 | €77,793 | €69,422 | -€8,371 | -10.8% |
| Total equity and liabilities | 10/49 | €27,913,035 | €28,821,442 | +€908,407 | +3.3% |
| Equity | 10/15 | €6,538,791 | €7,337,236 | +€798,446 | +12.2% |
| Contributions | 10/11 | €83,083 | €83,083 | = | 0.0% |
| Capital | 10 | €83,083 | €83,083 | = | 0.0% |
| Issued capital | 100 | €83,083 | €83,083 | = | 0.0% |
| Reserves | 13 | €6,455,708 | €7,254,153 | +€798,446 | +12.4% |
| Non-distributable reserves | 130/1 | €8,308 | €8,308 | = | 0.0% |
| Legal reserve | 130 | €8,308 | €8,308 | = | 0.0% |
| Distributable reserves | 133 | €6,447,399 | €7,245,845 | +€798,446 | +12.4% |
| Amounts payable | 17/49 | €21,374,244 | €21,484,206 | +€109,961 | +0.5% |
| Amounts payable within one year | 42/48 | €20,975,362 | €21,071,911 | +€96,549 | +0.5% |
| Trade debts | 44 | €2,749,741 | €3,061,063 | +€311,322 | +11.3% |
| Suppliers | 440/4 | €2,749,741 | €3,061,063 | +€311,322 | +11.3% |
| Advances received on contracts in progress | 46 | €3,887 | €2,189,365 | +€2.2m | +56,225% |
| Taxes, remuneration and social security | 45 | €1,156,650 | €749,939 | -€406,712 | -35.2% |
| Taxes | 450/3 | €1,103,368 | €715,998 | -€387,371 | -35.1% |
| Remuneration and social security | 454/9 | €53,282 | €33,941 | -€19,341 | -36.3% |
| Other amounts payable | 47/48 | €17,065,083 | €15,071,544 | -€2.0m | -11.7% |
| Accrued charges and deferred income | 492/3 | €398,882 | €412,295 | +€13,412 | +3.4% |
| Operating income | 70/76A | €33,709,279 | €6,993,658 | -€26.7m | -79.3% |
| Turnover | 70 | €19,572,580 | €25,405,244 | +€5.8m | +29.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €13,875,000 | -€20,175,000 | -€34.1m | |
| Own construction capitalised | 72 | - | €1,715,000 | +€1.7m | |
| Other operating income | 74 | €249,199 | €34,673 | -€214,526 | -86.1% |
| Non-recurring operating income | 76A | €12,500 | €13,740 | +€1,240 | +9.9% |
| Operating charges | 60/66A | €32,612,014 | €5,294,681 | -€27.3m | -83.8% |
| Goods for resale, raw materials and consumables | 60 | €27,826,304 | €1,179,037 | -€26.6m | -95.8% |
| Purchases | 600/8 | €22,705,304 | €18,330,037 | -€4.4m | -19.3% |
| Change in stocks: decrease (increase) | 609 | €5,121,000 | -€17,151,000 | -€22.3m | |
| Services and other goods | 61 | €4,157,347 | €3,590,715 | -€566,632 | -13.6% |
| Remuneration, social security and pensions | 62 | €419,624 | €367,976 | -€51,648 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,562 | €142,354 | +€13,792 | +10.7% |
| Other operating charges | 640/8 | €80,177 | €11,900 | -€68,277 | -85.2% |
| Non-recurring operating charges | 66A | - | €2,700 | +€2,700 | |
| Operating profit (loss) | 9901 | €1,097,265 | €1,698,977 | +€601,711 | +54.8% |
| Financial income | 75/76B | €52,391 | €72,652 | +€20,262 | +38.7% |
| Recurring financial income | 75 | €52,391 | €72,652 | +€20,262 | +38.7% |
| Income from current assets | 751 | €5,928 | €8,784 | +€2,856 | +48.2% |
| Other financial income | 752/9 | €46,463 | €63,868 | +€17,405 | +37.5% |
| Financial charges | 65/66B | €576,906 | €659,726 | +€82,820 | +14.4% |
| Recurring financial charges | 65 | €492,756 | €659,726 | +€166,970 | +33.9% |
| Debt charges | 650 | €492,095 | €597,081 | +€104,987 | +21.3% |
| Other financial charges | 652/9 | €661 | €62,645 | +€61,983 | +9,374% |
| Non-recurring financial charges | 66B | €84,150 | - | -€84,150 | |
| Profit (loss) for the period before taxes | 9903 | €572,750 | €1,111,903 | +€539,153 | +94.1% |
| Income taxes | 67/77 | €150,633 | €284,483 | +€133,850 | +88.9% |
| Taxes | 670/3 | €150,633 | €284,483 | +€133,850 | +88.9% |
| Profit (loss) for the period | 9904 | €422,117 | €827,420 | +€405,303 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €422,117 | €827,420 | +€405,303 | +96.0% |
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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 6 November 2026 via checked.be.