DERDE CONSTRUCT: 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.
DERDE CONSTRUCT
Largest movements
- Receivables within one year -€380,068
down €380,068 (-39.0%), from €974,898 to €594,830
of which Trade receivables: -€389,571
- Stocks and contracts +€236,824
up €236,824 (+103.9%), from €227,957 to €464,781
of which Contracts in progress: +€202,377
- Tangible fixed assets +€82,425
up €82,425 (+15.5%), from €532,758 to €615,184
of which Plant, machinery and equipment: +€78,567
- Reserves -€31,630
down €31,630 (-3.6%), from €866,839 to €835,210
of which Distributable reserves: -€31,630
- Debts after one year -€30,110
down €30,110 (-12.3%), from €244,291 to €214,181
- Tax, wage and social debts -€29,797
down €29,797 (-35.2%), from €84,627 to €54,831
of which Taxes: -€33,083
- Gross operating margin +€62,013
up €62,013 (+3.0%), from €2.1m to €2.2m
- Staff costs +€31,990
up €31,990 (+2.1%), from €1.6m to €1.6m
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 | €2,122,749 | €2,051,533 | -€71,215 | -3.4% |
| Fixed assets | 21/28 | €553,240 | €645,465 | +€92,225 | +16.7% |
| Tangible fixed assets | 22/27 | €532,758 | €615,184 | +€82,425 | +15.5% |
| Plant, machinery and equipment | 23 | €147,173 | €225,741 | +€78,567 | +53.4% |
| Furniture and vehicles | 24 | €253,406 | €277,752 | +€24,347 | +9.6% |
| Leasing and similar rights | 25 | €132,180 | €111,691 | -€20,489 | -15.5% |
| Financial fixed assets | 28 | €20,482 | €30,282 | +€9,800 | +47.8% |
| Current assets | 29/58 | €1,569,509 | €1,406,068 | -€163,440 | -10.4% |
| Stocks and contracts in progress | 3 | €227,957 | €464,781 | +€236,824 | +103.9% |
| Stocks | 30/36 | €53,861 | €88,308 | +€34,447 | +64.0% |
| Contracts in progress | 37 | €174,096 | €376,473 | +€202,377 | +116.2% |
| Amounts receivable within one year | 40/41 | €974,898 | €594,830 | -€380,068 | -39.0% |
| Trade receivables | 40 | €933,956 | €544,385 | -€389,571 | -41.7% |
| Other amounts receivable | 41 | €40,942 | €50,445 | +€9,503 | +23.2% |
| Cash at bank and in hand | 54/58 | €366,653 | €346,457 | -€20,196 | -5.5% |
| Total equity and liabilities | 10/49 | €2,122,749 | €2,051,533 | -€71,215 | -3.4% |
| Equity | 10/15 | €1,208,397 | €1,176,768 | -€31,630 | -2.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €866,839 | €835,210 | -€31,630 | -3.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €838,642 | €807,012 | -€31,630 | -3.8% |
| Profit (loss) carried forward | 14 | €279,585 | €279,585 | = | 0.0% |
| Amounts payable | 17/49 | €914,352 | €874,766 | -€39,586 | -4.3% |
| Amounts payable after more than one year | 17 | €244,291 | €214,181 | -€30,110 | -12.3% |
| Financial debts | 170/4 | €244,291 | €214,181 | -€30,110 | -12.3% |
| Amounts payable within one year | 42/48 | €670,060 | €660,585 | -€9,476 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €111,912 | €124,238 | +€12,326 | +11.0% |
| Trade debts | 44 | €294,997 | €302,833 | +€7,835 | +2.7% |
| Suppliers | 440/4 | €294,997 | €302,833 | +€7,835 | +2.7% |
| Taxes, remuneration and social security | 45 | €84,627 | €54,831 | -€29,797 | -35.2% |
| Taxes | 450/3 | €63,647 | €30,564 | -€33,083 | -52.0% |
| Remuneration and social security | 454/9 | €20,980 | €24,266 | +€3,286 | +15.7% |
| Other amounts payable | 47/48 | €178,524 | €178,684 | +€160 | +0.1% |
| Remuneration, social security and pensions | 62 | €1,556,610 | €1,588,600 | +€31,990 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,348 | €178,588 | +€19,240 | +12.1% |
| Other operating charges | 640/8 | €1,311 | €11,247 | +€9,935 | +757.8% |
| Gross operating margin | 9900 | €2,094,531 | €2,156,543 | +€62,013 | +3.0% |
| Operating profit (loss) | 9901 | €377,262 | €378,109 | +€847 | +0.2% |
| Financial income | 75/76B | €3,738 | €3,817 | +€79 | +2.1% |
| Recurring financial income | 75 | €3,738 | €3,817 | +€79 | +2.1% |
| Financial charges | 65/66B | €17,793 | €15,900 | -€1,893 | -10.6% |
| Recurring financial charges | 65 | €17,793 | €15,900 | -€1,893 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €363,206 | €366,025 | +€2,820 | +0.8% |
| Income taxes | 67/77 | €63,875 | €61,944 | -€1,931 | -3.0% |
| Profit (loss) for the period | 9904 | €299,331 | €304,081 | +€4,751 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €299,331 | €304,081 | +€4,751 | +1.6% |
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 4 October 2026 via checked.be.