DM 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.
DM CONSTRUCT
Largest movements
- Receivables within one year +€334,176
up €334,176 (+168%), from €199,310 to €533,486
of which Trade receivables: +€315,188
- Cash -€43,649
down €43,649 (-41.3%), from €105,801 to €62,152
mainly Receivables within one year (-€334,176) and Debts after one year (-€130,655)
- Tangible fixed assets -€26,368
down €26,368 (-54.1%), from €48,735 to €22,368
- Stocks and contracts +€23,850
up €23,850 (+2.4%), from €1.0m to €1.0m
- Short-term financial debts +€489,993
up €489,993 (+7,216,395%), from €7 to €490,000
- Debts after one year -€130,655
down €130,655 (-18.0%), from €724,797 to €594,142
of which Other amounts payable: -€118,800
- Trade debts -€70,538
down €70,538 (-33.2%), from €212,273 to €141,735
- Tax, wage and social debts -€24,612
down €24,612 (-47.1%), from €52,236 to €27,624
of which Taxes: -€30,037
- Staff costs +€71,605
up €71,605 (+87.7%), from €81,681 to €153,287
- Gross operating margin +€32,640
up €32,640 (+18.8%), from €173,272 to €205,912
- Depreciation -€14,884
down €14,884 (-48.3%), from €30,787 to €15,903
- Financial charges -€10,320
down €10,320 (-46.5%), from €22,195 to €11,875
- Taxes -€4,293
down €4,293 (-47.9%), from €8,969 to €4,677
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 | €1,370,312 | €1,667,887 | +€297,576 | +21.7% |
| Fixed assets | 21/28 | €50,610 | €25,088 | -€25,522 | -50.4% |
| Tangible fixed assets | 22/27 | €48,735 | €22,368 | -€26,368 | -54.1% |
| Plant, machinery and equipment | 23 | €540 | €0 | -€540 | -100% |
| Furniture and vehicles | 24 | €18,150 | €5,089 | -€13,061 | -72.0% |
| Leasing and similar rights | 25 | €30,045 | €17,279 | -€12,767 | -42.5% |
| Financial fixed assets | 28 | €1,875 | €2,720 | +€845 | +45.1% |
| Current assets | 29/58 | €1,319,701 | €1,642,799 | +€323,098 | +24.5% |
| Stocks and contracts in progress | 3 | €1,010,000 | €1,033,850 | +€23,850 | +2.4% |
| Stocks | 30/36 | €1,010,000 | €1,033,850 | +€23,850 | +2.4% |
| Amounts receivable within one year | 40/41 | €199,310 | €533,486 | +€334,176 | +168% |
| Trade receivables | 40 | €5,829 | €321,017 | +€315,188 | +5,407% |
| Other amounts receivable | 41 | €193,481 | €212,469 | +€18,989 | +9.8% |
| Cash at bank and in hand | 54/58 | €105,801 | €62,152 | -€43,649 | -41.3% |
| Deferred charges and accrued income | 490/1 | €4,590 | €13,311 | +€8,721 | +190% |
| Total equity and liabilities | 10/49 | €1,370,312 | €1,667,887 | +€297,576 | +21.7% |
| Equity | 10/15 | €281,003 | €294,478 | +€13,476 | +4.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €276,003 | €289,478 | +€13,476 | +4.9% |
| Amounts payable | 17/49 | €1,089,309 | €1,373,409 | +€284,100 | +26.1% |
| Amounts payable after more than one year | 17 | €724,797 | €594,142 | -€130,655 | -18.0% |
| Financial debts | 170/4 | €25,297 | €13,442 | -€11,855 | -46.9% |
| Other amounts payable | 178/9 | €699,500 | €580,700 | -€118,800 | -17.0% |
| Amounts payable within one year | 42/48 | €362,902 | €776,523 | +€413,622 | +114% |
| Current portion of amounts payable after more than one year | 42 | €13,147 | €11,876 | -€1,270 | -9.7% |
| Financial debts | 43 | €7 | €490,000 | +€489,993 | +7,216,395% |
| Credit institutions | 430/8 | €7 | €490,000 | +€489,993 | +7,216,395% |
| Trade debts | 44 | €212,273 | €141,735 | -€70,538 | -33.2% |
| Suppliers | 440/4 | €212,273 | €141,735 | -€70,538 | -33.2% |
| Advances received on contracts in progress | 46 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Taxes, remuneration and social security | 45 | €52,236 | €27,624 | -€24,612 | -47.1% |
| Taxes | 450/3 | €44,562 | €14,524 | -€30,037 | -67.4% |
| Remuneration and social security | 454/9 | €7,675 | €13,100 | +€5,425 | +70.7% |
| Other amounts payable | 47/48 | €238 | €5,288 | +€5,049 | +2,119% |
| Accrued charges and deferred income | 492/3 | €1,610 | €2,743 | +€1,133 | +70.4% |
| Non-recurring operating income | 76A | - | €12,023 | +€12,023 | |
| Remuneration, social security and pensions | 62 | €81,681 | €153,287 | +€71,605 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,787 | €15,903 | -€14,884 | -48.3% |
| Other operating charges | 640/8 | €928 | €4,222 | +€3,293 | +355% |
| Non-recurring operating charges | 66A | - | €2,488 | +€2,488 | |
| Gross operating margin | 9900 | €173,272 | €205,912 | +€32,640 | +18.8% |
| Operating profit (loss) | 9901 | €59,875 | €30,012 | -€29,863 | -49.9% |
| Financial income | 75/76B | €405 | €15 | -€391 | -96.4% |
| Recurring financial income | 75 | €405 | €15 | -€391 | -96.4% |
| Financial charges | 65/66B | €22,195 | €11,875 | -€10,320 | -46.5% |
| Recurring financial charges | 65 | €22,195 | €11,875 | -€10,320 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €38,086 | €18,152 | -€19,934 | -52.3% |
| Income taxes | 67/77 | €8,969 | €4,677 | -€4,293 | -47.9% |
| Profit (loss) for the period | 9904 | €29,116 | €13,476 | -€15,641 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,116 | €13,476 | -€15,641 | -53.7% |
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 15 October 2026 via checked.be.