DHERT 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.
DHERT CONSTRUCT
Largest movements
- Tangible fixed assets -€19,611
down €19,611 (-40.8%), from €48,018 to €28,407
of which Leasing and similar rights: -€12,268
- Receivables within one year +€9,984
up €9,984 (+82.3%), from €12,133 to €22,118
of which Trade receivables: +€9,360
- Deferred charges and accrued income -€2,994
down €2,994 (-74.5%), from €4,020 to €1,026
- Debts after one year -€15,771
down €15,771 (-63.6%), from €24,794 to €9,024
- Reserves +€14,000
new in 2025: €14,000
- Profit (loss) carried forward -€4,323
down €4,323 (-96.3%), from €4,491 to €168
- Current portion of long-term debt -€2,801
down €2,801 (-21.5%), from €13,036 to €10,235
- Trade debts -€2,707
down €2,707 (-79.7%), from €3,397 to €690
- Gross operating margin +€24,744
up €24,744 (+318.7%), from €7,763 to €32,507
- Depreciation -€1,944
down €1,944 (-10.4%), from €18,661 to €16,717
- Taxes +€1,696
new in 2025: €1,696
- Other operating charges -€1,200
down €1,200 (-39.7%), from €3,019 to €1,819
- Financial charges -€358
down €358 (-13.7%), from €2,617 to €2,259
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,171 | €51,551 | -€12,621 | -19.7% |
| Fixed assets | 21/28 | €48,018 | €28,407 | -€19,611 | -40.8% |
| Tangible fixed assets | 22/27 | €48,018 | €28,407 | -€19,611 | -40.8% |
| Plant, machinery and equipment | 23 | €24,178 | €17,101 | -€7,078 | -29.3% |
| Furniture and vehicles | 24 | €803 | €538 | -€265 | -33.0% |
| Leasing and similar rights | 25 | €23,036 | €10,768 | -€12,268 | -53.3% |
| Current assets | 29/58 | €16,153 | €23,144 | +€6,990 | +43.3% |
| Amounts receivable within one year | 40/41 | €12,133 | €22,118 | +€9,984 | +82.3% |
| Trade receivables | 40 | €12,133 | €21,493 | +€9,360 | +77.1% |
| Other amounts receivable | 41 | - | €625 | +€625 | |
| Deferred charges and accrued income | 490/1 | €4,020 | €1,026 | -€2,994 | -74.5% |
| Total equity and liabilities | 10/49 | €64,171 | €51,551 | -€12,621 | -19.7% |
| Equity | 10/15 | €9,491 | €19,168 | +€9,677 | +101.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €14,000 | +€14,000 | |
| Distributable reserves | 133 | - | €14,000 | +€14,000 | |
| Profit (loss) carried forward | 14 | €4,491 | €168 | -€4,323 | -96.3% |
| Amounts payable | 17/49 | €54,680 | €32,382 | -€22,297 | -40.8% |
| Amounts payable after more than one year | 17 | €24,794 | €9,024 | -€15,771 | -63.6% |
| Financial debts | 170/4 | €24,794 | €9,024 | -€15,771 | -63.6% |
| Amounts payable within one year | 42/48 | €29,886 | €22,027 | -€7,859 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €13,036 | €10,235 | -€2,801 | -21.5% |
| Financial debts | 43 | €7,308 | €4,871 | -€2,437 | -33.3% |
| Other loans | 439 | €7,308 | €4,871 | -€2,437 | -33.3% |
| Trade debts | 44 | €3,397 | €690 | -€2,707 | -79.7% |
| Suppliers | 440/4 | €3,397 | €690 | -€2,707 | -79.7% |
| Taxes, remuneration and social security | 45 | €5,499 | €6,232 | +€733 | +13.3% |
| Taxes | 450/3 | €5,499 | €6,232 | +€733 | +13.3% |
| Other amounts payable | 47/48 | €646 | - | -€646 | |
| Accrued charges and deferred income | 492/3 | - | €1,332 | +€1,332 | |
| Non-recurring operating income | 76A | - | €2,640 | +€2,640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,661 | €16,717 | -€1,944 | -10.4% |
| Other operating charges | 640/8 | €3,019 | €1,819 | -€1,200 | -39.7% |
| Non-recurring operating charges | 66A | - | €339 | +€339 | |
| Gross operating margin | 9900 | €7,763 | €32,507 | +€24,744 | +318.7% |
| Operating profit (loss) | 9901 | -€13,917 | €13,632 | +€27,549 | |
| Financial income | 75/76B | €12 | - | -€12 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Financial charges | 65/66B | €2,617 | €2,259 | -€358 | -13.7% |
| Recurring financial charges | 65 | €2,617 | €2,259 | -€358 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,522 | €11,373 | +€27,895 | |
| Income taxes | 67/77 | - | €1,696 | +€1,696 | |
| Profit (loss) for the period | 9904 | -€16,522 | €9,677 | +€26,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,522 | €9,677 | +€26,198 |
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.