DESIGN4DREDGERS: 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.
DESIGN4DREDGERS
Largest movements
- Tangible fixed assets +€289,111
up €289,111 (+43.2%), from €668,528 to €957,639
of which Land and buildings: +€268,836
- Current investments -€214,553
down €214,553 (-100.0%), from €214,553 to €0
- Cash -€39,121
down €39,121 (-14.3%), from €273,674 to €234,552
mainly Investment in fixed assets (net) (-€403,794) and Other debts (-€160,233)
- Other debts -€160,233
down €160,233 (-96.9%), from €165,435 to €5,202
- Reserves +€123,549
up €123,549 (+15.1%), from €820,587 to €944,136
- Debts after one year +€71,907
up €71,907 (+56.9%), from €126,343 to €198,249
- Depreciation +€70,598
up €70,598 (+165.7%), from €42,614 to €113,212
- Financial income +€39,793
up €39,793 (+881.8%), from €4,512 to €44,305
- Gross operating margin +€16,220
up €16,220 (+6.8%), from €239,892 to €256,112
- Taxes -€4,018
down €4,018 (-7.1%), from €56,225 to €52,208
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 | €1,197,062 | €1,229,572 | +€32,510 | +2.7% |
| Fixed assets | 21/28 | €668,828 | €959,410 | +€290,582 | +43.4% |
| Intangible fixed assets | 21 | - | €1,471 | +€1,471 | |
| Tangible fixed assets | 22/27 | €668,528 | €957,639 | +€289,111 | +43.2% |
| Land and buildings | 22 | €618,346 | €887,182 | +€268,836 | +43.5% |
| Plant, machinery and equipment | 23 | €43,577 | €63,097 | +€19,520 | +44.8% |
| Furniture and vehicles | 24 | €6,605 | €7,359 | +€754 | +11.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €528,235 | €270,162 | -€258,072 | -48.9% |
| Amounts receivable within one year | 40/41 | €38,597 | €33,774 | -€4,823 | -12.5% |
| Trade receivables | 40 | €22,816 | €24,520 | +€1,705 | +7.5% |
| Other amounts receivable | 41 | €15,781 | €9,254 | -€6,528 | -41.4% |
| Current investments | 50/53 | €214,553 | €0 | -€214,553 | -100.0% |
| Cash at bank and in hand | 54/58 | €273,674 | €234,552 | -€39,121 | -14.3% |
| Deferred charges and accrued income | 490/1 | €1,411 | €1,836 | +€425 | +30.1% |
| Total equity and liabilities | 10/49 | €1,197,062 | €1,229,572 | +€32,510 | +2.7% |
| Equity | 10/15 | €826,787 | €950,336 | +€123,549 | +14.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €820,587 | €944,136 | +€123,549 | +15.1% |
| Distributable reserves | 133 | €820,587 | €944,136 | +€123,549 | +15.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €370,275 | €279,236 | -€91,040 | -24.6% |
| Amounts payable after more than one year | 17 | €126,343 | €198,249 | +€71,907 | +56.9% |
| Financial debts | 170/4 | €126,343 | €198,249 | +€71,907 | +56.9% |
| Amounts payable within one year | 42/48 | €243,681 | €80,986 | -€162,695 | -66.8% |
| Current portion of amounts payable after more than one year | 42 | €35,451 | €46,345 | +€10,894 | +30.7% |
| Trade debts | 44 | €14,637 | €3,739 | -€10,898 | -74.5% |
| Suppliers | 440/4 | €14,637 | €3,739 | -€10,898 | -74.5% |
| Taxes, remuneration and social security | 45 | €28,159 | €25,700 | -€2,458 | -8.7% |
| Taxes | 450/3 | €25,759 | €25,100 | -€658 | -2.6% |
| Remuneration and social security | 454/9 | €2,400 | €600 | -€1,800 | -75.0% |
| Other amounts payable | 47/48 | €165,435 | €5,202 | -€160,233 | -96.9% |
| Accrued charges and deferred income | 492/3 | €251 | €0 | -€251 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,614 | €113,212 | +€70,598 | +165.7% |
| Other operating charges | 640/8 | €2,084 | €2,894 | +€810 | +38.9% |
| Gross operating margin | 9900 | €239,892 | €256,112 | +€16,220 | +6.8% |
| Operating profit (loss) | 9901 | €195,194 | €140,006 | -€55,188 | -28.3% |
| Financial income | 75/76B | €4,512 | €44,305 | +€39,793 | +881.8% |
| Recurring financial income | 75 | €4,512 | €44,305 | +€39,793 | +881.8% |
| Financial charges | 65/66B | €9,354 | €8,554 | -€800 | -8.6% |
| Recurring financial charges | 65 | €9,354 | €8,554 | -€800 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €190,352 | €175,757 | -€14,595 | -7.7% |
| Income taxes | 67/77 | €56,225 | €52,208 | -€4,018 | -7.1% |
| Profit (loss) for the period | 9904 | €134,126 | €123,549 | -€10,577 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,126 | €123,549 | -€10,577 | -7.9% |
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 10 October 2026 via checked.be.