DN 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.
DN Construct
Largest movements
- Deferred charges and accrued income +€24,029
up €24,029 (+390%), from €6,165 to €30,194
- Receivables within one year +€9,036
up €9,036 (+6.4%), from €140,773 to €149,809
of which Other amounts receivable: +€8,493
- Trade debts +€65,303
up €65,303 (+408%), from €16,002 to €81,306
- Profit (loss) carried forward -€42,532
down €42,532 (-63.9%), from €66,528 to €23,995
- Tax, wage and social debts +€18,949
up €18,949 (+893%), from €2,122 to €21,072
- Short-term financial debts -€6,579
down €6,579 (-17.4%), from €37,759 to €31,179
- Gross operating margin +€43,750
up €43,750, from -€21,485 to €22,265
- Other operating charges +€22,752
up €22,752 (+1,262%), from €1,803 to €24,555
- Financial charges +€14,239
up €14,239 (+108%), from €13,200 to €27,440
- Depreciation -€5,474
down €5,474 (-96.7%), from €5,661 to €187
- Taxes +€1,096
up €1,096 (+256%), from €428 to €1,524
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 | €149,586 | €183,471 | +€33,885 | +22.7% |
| Fixed assets | 21/28 | €2,587 | €2,400 | -€187 | -7.2% |
| Tangible fixed assets | 22/27 | €187 | - | -€187 | |
| Furniture and vehicles | 24 | €187 | - | -€187 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €147,000 | €181,071 | +€34,072 | +23.2% |
| Amounts receivable within one year | 40/41 | €140,773 | €149,809 | +€9,036 | +6.4% |
| Trade receivables | 40 | €86,000 | €86,543 | +€543 | +0.6% |
| Other amounts receivable | 41 | €54,773 | €63,266 | +€8,493 | +15.5% |
| Cash at bank and in hand | 54/58 | €61 | €1,069 | +€1,007 | +1,638% |
| Deferred charges and accrued income | 490/1 | €6,165 | €30,194 | +€24,029 | +390% |
| Total equity and liabilities | 10/49 | €149,586 | €183,471 | +€33,885 | +22.7% |
| Equity | 10/15 | €75,278 | €32,745 | -€42,532 | -56.5% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,528 | €23,995 | -€42,532 | -63.9% |
| Amounts payable | 17/49 | €74,308 | €150,726 | +€76,417 | +103% |
| Amounts payable within one year | 42/48 | €72,471 | €150,294 | +€77,824 | +107% |
| Current portion of amounts payable after more than one year | 42 | €16,587 | €16,587 | = | 0.0% |
| Financial debts | 43 | €37,759 | €31,179 | -€6,579 | -17.4% |
| Credit institutions | 430/8 | €37,759 | €31,179 | -€6,579 | -17.4% |
| Trade debts | 44 | €16,002 | €81,306 | +€65,303 | +408% |
| Suppliers | 440/4 | €16,002 | €81,306 | +€65,303 | +408% |
| Taxes, remuneration and social security | 45 | €2,122 | €21,072 | +€18,949 | +893% |
| Remuneration and social security | 454/9 | €2,122 | €21,072 | +€18,949 | +893% |
| Other amounts payable | 47/48 | - | €151 | +€151 | |
| Accrued charges and deferred income | 492/3 | €1,838 | €432 | -€1,406 | -76.5% |
| Remuneration, social security and pensions | 62 | €13,435 | €13,068 | -€367 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,661 | €187 | -€5,474 | -96.7% |
| Other operating charges | 640/8 | €1,803 | €24,555 | +€22,752 | +1,262% |
| Gross operating margin | 9900 | -€21,485 | €22,265 | +€43,750 | |
| Operating profit (loss) | 9901 | -€42,384 | -€15,544 | +€26,840 | +63.3% |
| Financial income | 75/76B | €991 | €1,975 | +€984 | +99.4% |
| Recurring financial income | 75 | €991 | €1,975 | +€984 | +99.4% |
| Financial charges | 65/66B | €13,200 | €27,440 | +€14,239 | +108% |
| Recurring financial charges | 65 | €13,200 | €27,440 | +€14,239 | +108% |
| Profit (loss) for the period before taxes | 9903 | -€54,593 | -€41,008 | +€13,585 | +24.9% |
| Income taxes | 67/77 | €428 | €1,524 | +€1,096 | +256% |
| Profit (loss) for the period | 9904 | -€55,021 | -€42,532 | +€12,489 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,021 | -€42,532 | +€12,489 | +22.7% |
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 26 October 2026 via checked.be.