DENEUBOURG CONSTRUCTION: 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.
DENEUBOURG CONSTRUCTION
Largest movements
- Tangible fixed assets +€152,999
up €152,999 (+33.2%), from €460,958 to €613,957
of which Land and buildings: +€164,182
- Cash +€148,906
up €148,906 (+315%), from €47,254 to €196,160
mainly Debts after one year (+€101,626) and Net result for the year (+€99,087)
- Receivables within one year +€40,441
up €40,441 (+324%), from €12,466 to €52,907
of which Trade receivables: +€38,128
- Debts after one year +€101,626
up €101,626 (+28.0%), from €362,632 to €464,258
- Reserves +€96,000
new in 2025: €96,000
- Tax, wage and social debts +€69,090
up €69,090 (+1,016%), from €6,799 to €75,889
of which Taxes: +€65,775
- Profit (loss) carried forward -€55,913
down €55,913 (-93.7%), from €59,692 to €3,779
- Accrued charges and deferred income +€49,630
up €49,630 (+55.8%), from €89,003 to €138,633
- Gross operating margin +€247,489
up €247,489 (+213%), from €116,326 to €363,815
- Staff costs +€84,713
up €84,713 (+122%), from €69,664 to €154,377
- Taxes +€52,882
up €52,882 (+4,837%), from €1,093 to €53,975
- Depreciation +€5,829
up €5,829 (+22.1%), from €26,354 to €32,183
- Other operating charges +€3,652
up €3,652 (+376%), from €971 to €4,623
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,785 | €917,176 | +€353,391 | +62.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €492,131 | €644,107 | +€151,975 | +30.9% |
| Intangible fixed assets | 21 | €31,073 | €30,050 | -€1,024 | -3.3% |
| Tangible fixed assets | 22/27 | €460,958 | €613,957 | +€152,999 | +33.2% |
| Land and buildings | 22 | €366,253 | €530,435 | +€164,182 | +44.8% |
| Plant, machinery and equipment | 23 | €87,980 | €79,938 | -€8,043 | -9.1% |
| Furniture and vehicles | 24 | €6,725 | €3,584 | -€3,141 | -46.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €71,654 | €273,069 | +€201,416 | +281% |
| Stocks and contracts in progress | 3 | €3,272 | €10,330 | +€7,058 | +216% |
| Stocks | 30/36 | €3,272 | €10,330 | +€7,058 | +216% |
| Amounts receivable within one year | 40/41 | €12,466 | €52,907 | +€40,441 | +324% |
| Trade receivables | 40 | €1,435 | €39,563 | +€38,128 | +2,657% |
| Other amounts receivable | 41 | €11,031 | €13,344 | +€2,313 | +21.0% |
| Cash at bank and in hand | 54/58 | €47,254 | €196,160 | +€148,906 | +315% |
| Deferred charges and accrued income | 490/1 | €8,661 | €13,673 | +€5,011 | +57.9% |
| Total equity and liabilities | 10/49 | €563,785 | €917,176 | +€353,391 | +62.7% |
| Equity | 10/15 | €61,942 | €102,029 | +€40,087 | +64.7% |
| Contributions | 10/11 | €2,250 | €2,250 | = | 0.0% |
| Reserves | 13 | - | €96,000 | +€96,000 | |
| Distributable reserves | 133 | - | €96,000 | +€96,000 | |
| Profit (loss) carried forward | 14 | €59,692 | €3,779 | -€55,913 | -93.7% |
| Amounts payable | 17/49 | €501,844 | €815,147 | +€313,304 | +62.4% |
| Amounts payable after more than one year | 17 | €362,632 | €464,258 | +€101,626 | +28.0% |
| Financial debts | 170/4 | €362,632 | €464,258 | +€101,626 | +28.0% |
| Amounts payable within one year | 42/48 | €50,209 | €212,256 | +€162,047 | +323% |
| Current portion of amounts payable after more than one year | 42 | €35,304 | €44,636 | +€9,332 | +26.4% |
| Trade debts | 44 | €8,106 | €44,532 | +€36,426 | +449% |
| Suppliers | 440/4 | €8,106 | €44,532 | +€36,426 | +449% |
| Taxes, remuneration and social security | 45 | €6,799 | €75,889 | +€69,090 | +1,016% |
| Taxes | 450/3 | - | €65,775 | +€65,775 | |
| Remuneration and social security | 454/9 | €6,799 | €10,114 | +€3,315 | +48.8% |
| Other amounts payable | 47/48 | - | €47,200 | +€47,200 | |
| Accrued charges and deferred income | 492/3 | €89,003 | €138,633 | +€49,630 | +55.8% |
| Remuneration, social security and pensions | 62 | €69,664 | €154,377 | +€84,713 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,354 | €32,183 | +€5,829 | +22.1% |
| Other operating charges | 640/8 | €971 | €4,623 | +€3,652 | +376% |
| Gross operating margin | 9900 | €116,326 | €363,815 | +€247,489 | +213% |
| Operating profit (loss) | 9901 | €19,337 | €172,632 | +€153,295 | +793% |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €18,336 | €19,570 | +€1,234 | +6.7% |
| Recurring financial charges | 65 | €18,336 | €19,570 | +€1,234 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €1,001 | €153,062 | +€152,061 | +15,191% |
| Income taxes | 67/77 | €1,093 | €53,975 | +€52,882 | +4,837% |
| Profit (loss) for the period | 9904 | -€92 | €99,087 | +€99,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€92 | €99,087 | +€99,180 |
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 25 October 2026 via checked.be.