DLS G.C. Construction: 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.
DLS G.C. Construction
Largest movements
- Receivables within one year -€209,164
down €209,164 (-40.4%), from €518,280 to €309,116
of which Trade receivables: -€234,851
- Tangible fixed assets +€185,982
up €185,982 (+92.3%), from €201,405 to €387,387
of which Furniture and vehicles: +€212,539
- Current investments +€100,000
new in 2025: €100,000
- Cash +€50,601
up €50,601 (+38.8%), from €130,320 to €180,921
mainly Receivables within one year (+€209,164) and Debts after one year (+€160,026)
- Deferred charges and accrued income -€11,801
no longer reported in 2025 (was €11,801)
- Debts after one year +€160,026
up €160,026 (+442%), from €36,164 to €196,191
- Trade debts -€113,982
down €113,982 (-98.7%), from €115,495 to €1,513
- Reserves +€91,642
up €91,642 (+37.1%), from €247,000 to €338,642
of which Distributable reserves: +€91,642
- Other debts -€24,970
no longer reported in 2025 (was €24,970)
- Current portion of long-term debt +€22,925
up €22,925 (+80.0%), from €28,668 to €51,593
- Staff costs +€84,752
up €84,752 (+26.7%), from €317,568 to €402,319
- Depreciation +€37,193
up €37,193 (+39.2%), from €94,882 to €132,074
- Gross operating margin +€36,347
up €36,347 (+5.6%), from €653,978 to €690,324
- Taxes -€25,824
down €25,824 (-45.5%), from €56,782 to €30,959
- Financial charges +€10,857
up €10,857 (+105%), from €10,321 to €21,178
of which Non-recurring financial charges: +€6,467
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 | €862,322 | €977,940 | +€115,619 | +13.4% |
| Fixed assets | 21/28 | €201,921 | €387,903 | +€185,982 | +92.1% |
| Tangible fixed assets | 22/27 | €201,405 | €387,387 | +€185,982 | +92.3% |
| Plant, machinery and equipment | 23 | €85,197 | €104,867 | +€19,670 | +23.1% |
| Furniture and vehicles | 24 | €50,383 | €262,922 | +€212,539 | +422% |
| Leasing and similar rights | 25 | €65,824 | €19,598 | -€46,227 | -70.2% |
| Financial fixed assets | 28 | €516 | €516 | = | 0.0% |
| Current assets | 29/58 | €660,401 | €590,038 | -€70,363 | -10.7% |
| Amounts receivable within one year | 40/41 | €518,280 | €309,116 | -€209,164 | -40.4% |
| Trade receivables | 40 | €460,150 | €225,298 | -€234,851 | -51.0% |
| Other amounts receivable | 41 | €58,130 | €83,818 | +€25,688 | +44.2% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €130,320 | €180,921 | +€50,601 | +38.8% |
| Deferred charges and accrued income | 490/1 | €11,801 | - | -€11,801 | |
| Total equity and liabilities | 10/49 | €862,322 | €977,940 | +€115,619 | +13.4% |
| Equity | 10/15 | €608,151 | €699,794 | +€91,642 | +15.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €247,000 | €338,642 | +€91,642 | +37.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €245,000 | €336,642 | +€91,642 | +37.4% |
| Profit (loss) carried forward | 14 | €341,151 | €341,151 | = | 0.0% |
| Amounts payable | 17/49 | €254,170 | €278,146 | +€23,976 | +9.4% |
| Amounts payable after more than one year | 17 | €36,164 | €196,191 | +€160,026 | +442% |
| Financial debts | 170/4 | €36,164 | €196,191 | +€160,026 | +442% |
| Amounts payable within one year | 42/48 | €218,006 | €81,956 | -€136,050 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €28,668 | €51,593 | +€22,925 | +80.0% |
| Trade debts | 44 | €115,495 | €1,513 | -€113,982 | -98.7% |
| Suppliers | 440/4 | €115,495 | €1,513 | -€113,982 | -98.7% |
| Taxes, remuneration and social security | 45 | €48,873 | €28,849 | -€20,024 | -41.0% |
| Taxes | 450/3 | €14,820 | - | -€14,820 | |
| Remuneration and social security | 454/9 | €34,053 | €28,849 | -€5,204 | -15.3% |
| Other amounts payable | 47/48 | €24,970 | - | -€24,970 | |
| Remuneration, social security and pensions | 62 | €317,568 | €402,319 | +€84,752 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,882 | €132,074 | +€37,193 | +39.2% |
| Other operating charges | 640/8 | €5,813 | €11,542 | +€5,729 | +98.5% |
| Non-recurring operating charges | 66A | - | €645 | +€645 | |
| Gross operating margin | 9900 | €653,978 | €690,324 | +€36,347 | +5.6% |
| Operating profit (loss) | 9901 | €235,715 | €143,743 | -€91,972 | -39.0% |
| Financial income | 75/76B | €156 | €36 | -€120 | -77.0% |
| Recurring financial income | 75 | €156 | €36 | -€120 | -77.0% |
| Financial charges | 65/66B | €10,321 | €21,178 | +€10,857 | +105% |
| Recurring financial charges | 65 | €10,321 | €14,711 | +€4,390 | +42.5% |
| Non-recurring financial charges | 66B | - | €6,467 | +€6,467 | |
| Profit (loss) for the period before taxes | 9903 | €225,550 | €122,601 | -€102,949 | -45.6% |
| Income taxes | 67/77 | €56,782 | €30,959 | -€25,824 | -45.5% |
| Profit (loss) for the period | 9904 | €168,768 | €91,642 | -€77,125 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €168,768 | €91,642 | -€77,125 | -45.7% |
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 23 October 2026 via checked.be.