DL 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.
DL Construct
Largest movements
- Cash -€312,504
down €312,504 (-65.9%), from €473,855 to €161,351
mainly Receivables within one year (-€298,877) and Net result for the year (-€18,678)
- Receivables within one year +€298,877
up €298,877 (+458%), from €65,251 to €364,128
of which Other amounts receivable: +€298,877
- Profit (loss) carried forward -€18,678
down €18,678 (-21.3%), from €87,883 to €69,204
- Other debts +€8,849
up €8,849 (+1.9%), from €459,356 to €468,205
- Gross operating margin -€26,103
down €26,103, from €19,687 to -€6,416
- Financial charges -€4,194
down €4,194 (-28.3%), from €14,817 to €10,623
- Depreciation -€1,140
down €1,140 (-18.5%), from €6,172 to €5,033
- Other operating charges -€307
down €307 (-16.3%), from €1,880 to €1,573
- Financial income +€237
up €237 (+5.0%), from €4,729 to €4,966
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 | €706,137 | €696,233 | -€9,904 | -1.4% |
| Fixed assets | 21/28 | €7,025 | €7,022 | -€4 | -0.1% |
| Tangible fixed assets | 22/27 | €6,654 | €6,651 | -€4 | -0.1% |
| Plant, machinery and equipment | 23 | €545 | €325 | -€220 | -40.3% |
| Furniture and vehicles | 24 | €6,109 | €6,325 | +€216 | +3.5% |
| Financial fixed assets | 28 | €371 | €371 | = | 0.0% |
| Current assets | 29/58 | €699,112 | €689,212 | -€9,900 | -1.4% |
| Stocks and contracts in progress | 3 | €159,342 | €163,005 | +€3,663 | +2.3% |
| Contracts in progress | 37 | €159,342 | €163,005 | +€3,663 | +2.3% |
| Amounts receivable within one year | 40/41 | €65,251 | €364,128 | +€298,877 | +458% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €65,251 | €364,128 | +€298,877 | +458% |
| Cash at bank and in hand | 54/58 | €473,855 | €161,351 | -€312,504 | -65.9% |
| Deferred charges and accrued income | 490/1 | €664 | €727 | +€63 | +9.5% |
| Total equity and liabilities | 10/49 | €706,137 | €696,233 | -€9,904 | -1.4% |
| Equity | 10/15 | €246,283 | €227,604 | -€18,678 | -7.6% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €14,400 | €14,400 | = | 0.0% |
| Distributable reserves | 133 | €14,400 | €14,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,883 | €69,204 | -€18,678 | -21.3% |
| Amounts payable | 17/49 | €459,855 | €468,629 | +€8,774 | +1.9% |
| Amounts payable within one year | 42/48 | €459,855 | €468,507 | +€8,653 | +1.9% |
| Trade debts | 44 | €499 | €303 | -€196 | -39.3% |
| Suppliers | 440/4 | €499 | €303 | -€196 | -39.3% |
| Other amounts payable | 47/48 | €459,356 | €468,205 | +€8,849 | +1.9% |
| Accrued charges and deferred income | 492/3 | - | €122 | +€122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,172 | €5,033 | -€1,140 | -18.5% |
| Other operating charges | 640/8 | €1,880 | €1,573 | -€307 | -16.3% |
| Gross operating margin | 9900 | €19,687 | -€6,416 | -€26,103 | |
| Operating profit (loss) | 9901 | €11,634 | -€13,022 | -€24,656 | |
| Financial income | 75/76B | €4,729 | €4,966 | +€237 | +5.0% |
| Recurring financial income | 75 | €4,729 | €4,966 | +€237 | +5.0% |
| Financial charges | 65/66B | €14,817 | €10,623 | -€4,194 | -28.3% |
| Recurring financial charges | 65 | €14,817 | €10,623 | -€4,194 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €1,546 | -€18,678 | -€20,224 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,546 | -€18,678 | -€20,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,546 | -€18,678 | -€20,224 |
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 27 October 2026 via checked.be.