DG CONSTRUCT: 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.
DG CONSTRUCT
Largest movements
- Receivables within one year +€6,837
up €6,837 (+30.6%), from €22,313 to €29,150
of which Trade receivables: +€5,490
- Cash -€5,385
down €5,385 (-23.2%), from €23,257 to €17,872
mainly Receivables within one year (-€6,837) and Tax, wage and social debts (-€2,152)
- Tangible fixed assets -€546
down €546 (-25.6%), from €2,129 to €1,583
- Tax, wage and social debts -€2,152
down €2,152 (-54.6%), from €3,938 to €1,786
of which Remuneration and social security: -€2,000
- Reserves +€1,999
up €1,999 (+7.3%), from €27,543 to €29,542
- Trade debts +€1,044
up €1,044 (+12.9%), from €8,087 to €9,130
- Gross operating margin +€5,448
up €5,448 (+104%), from €5,219 to €10,667
- Write-downs +€3,814
new in 2025: €3,814
- Taxes +€801
up €801 (+41.3%), from €1,938 to €2,739
- Depreciation -€521
down €521 (-48.9%), from €1,067 to €546
- Financial income -€467
down €467 (-99.3%), from €470 to €3
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 | €47,769 | €48,660 | +€891 | +1.9% |
| Fixed assets | 21/28 | €2,129 | €1,583 | -€546 | -25.6% |
| Tangible fixed assets | 22/27 | €2,129 | €1,583 | -€546 | -25.6% |
| Plant, machinery and equipment | 23 | €2,129 | €1,583 | -€546 | -25.6% |
| Current assets | 29/58 | €45,640 | €47,077 | +€1,437 | +3.1% |
| Amounts receivable within one year | 40/41 | €22,313 | €29,150 | +€6,837 | +30.6% |
| Trade receivables | 40 | €12,481 | €17,971 | +€5,490 | +44.0% |
| Other amounts receivable | 41 | €9,831 | €11,179 | +€1,347 | +13.7% |
| Cash at bank and in hand | 54/58 | €23,257 | €17,872 | -€5,385 | -23.2% |
| Deferred charges and accrued income | 490/1 | €70 | €55 | -€15 | -21.2% |
| Total equity and liabilities | 10/49 | €47,769 | €48,660 | +€891 | +1.9% |
| Equity | 10/15 | €35,745 | €37,744 | +€1,999 | +5.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €27,543 | €29,542 | +€1,999 | +7.3% |
| Distributable reserves | 133 | €27,543 | €29,542 | +€1,999 | +7.3% |
| Profit (loss) carried forward | 14 | €5,702 | €5,702 | = | 0.0% |
| Amounts payable | 17/49 | €12,024 | €10,916 | -€1,108 | -9.2% |
| Amounts payable within one year | 42/48 | €12,024 | €10,916 | -€1,108 | -9.2% |
| Trade debts | 44 | €8,087 | €9,130 | +€1,044 | +12.9% |
| Suppliers | 440/4 | €8,087 | €9,130 | +€1,044 | +12.9% |
| Taxes, remuneration and social security | 45 | €3,938 | €1,786 | -€2,152 | -54.6% |
| Taxes | 450/3 | €1,938 | €1,786 | -€152 | -7.8% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €546 | -€521 | -48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,814 | +€3,814 | |
| Other operating charges | 640/8 | €455 | €858 | +€403 | +88.6% |
| Gross operating margin | 9900 | €5,219 | €10,667 | +€5,448 | +104% |
| Operating profit (loss) | 9901 | €3,697 | €5,449 | +€1,752 | +47.4% |
| Financial income | 75/76B | €470 | €3 | -€467 | -99.3% |
| Recurring financial income | 75 | €470 | €3 | -€467 | -99.3% |
| Financial charges | 65/66B | €704 | €714 | +€10 | +1.4% |
| Recurring financial charges | 65 | €704 | €714 | +€10 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €3,462 | €4,738 | +€1,276 | +36.8% |
| Income taxes | 67/77 | €1,938 | €2,739 | +€801 | +41.3% |
| Profit (loss) for the period | 9904 | €1,525 | €1,999 | +€475 | +31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,525 | €1,999 | +€475 | +31.1% |
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 14 October 2026 via checked.be.