DN 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.
DN CONSTRUCTION
Largest movements
- Tangible fixed assets -€7,680
down €7,680 (-4.9%), from €156,800 to €149,120
- Receivables within one year +€3,112
new in 2025: €3,112
- Debts after one year -€25,386
down €25,386 (-29.0%), from €87,390 to €62,004
- Reserves +€22,062
up €22,062 (+20.4%), from €108,187 to €130,249
- Other debts -€8,060
down €8,060 (-28.1%), from €28,725 to €20,665
- Tax, wage and social debts +€6,014
up €6,014 (+74.0%), from €8,124 to €14,138
- Gross operating margin +€11,877
up €11,877 (+25.3%), from €46,945 to €58,822
- Financial charges -€1,157
down €1,157 (-18.4%), from €6,282 to €5,125
- Taxes +€1,005
up €1,005 (+8.1%), from €12,460 to €13,465
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 | €286,019 | €281,399 | -€4,619 | -1.6% |
| Fixed assets | 21/28 | €281,800 | €274,120 | -€7,680 | -2.7% |
| Tangible fixed assets | 22/27 | €156,800 | €149,120 | -€7,680 | -4.9% |
| Land and buildings | 22 | €156,800 | €149,120 | -€7,680 | -4.9% |
| Financial fixed assets | 28 | €125,000 | €125,000 | = | 0.0% |
| Current assets | 29/58 | €4,219 | €7,279 | +€3,061 | +72.6% |
| Amounts receivable within one year | 40/41 | - | €3,112 | +€3,112 | |
| Trade receivables | 40 | - | €3,112 | +€3,112 | |
| Cash at bank and in hand | 54/58 | €4,219 | €4,105 | -€113 | -2.7% |
| Deferred charges and accrued income | 490/1 | - | €62 | +€62 | |
| Total equity and liabilities | 10/49 | €286,019 | €281,399 | -€4,619 | -1.6% |
| Equity | 10/15 | €128,647 | €150,709 | +€22,062 | +17.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €108,187 | €130,249 | +€22,062 | +20.4% |
| Distributable reserves | 133 | €108,187 | €130,249 | +€22,062 | +20.4% |
| Amounts payable | 17/49 | €157,372 | €130,690 | -€26,682 | -17.0% |
| Amounts payable after more than one year | 17 | €87,390 | €62,004 | -€25,386 | -29.0% |
| Financial debts | 170/4 | €87,390 | €62,004 | -€25,386 | -29.0% |
| Amounts payable within one year | 42/48 | €69,398 | €68,114 | -€1,285 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €24,141 | €25,386 | +€1,244 | +5.2% |
| Trade debts | 44 | €8,408 | €7,925 | -€483 | -5.7% |
| Suppliers | 440/4 | €8,408 | €7,925 | -€483 | -5.7% |
| Taxes, remuneration and social security | 45 | €8,124 | €14,138 | +€6,014 | +74.0% |
| Taxes | 450/3 | €8,124 | €14,138 | +€6,014 | +74.0% |
| Other amounts payable | 47/48 | €28,725 | €20,665 | -€8,060 | -28.1% |
| Accrued charges and deferred income | 492/3 | €584 | €573 | -€11 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,680 | €7,680 | = | 0.0% |
| Other operating charges | 640/8 | €8,525 | €8,790 | +€265 | +3.1% |
| Gross operating margin | 9900 | €46,945 | €58,822 | +€11,877 | +25.3% |
| Operating profit (loss) | 9901 | €30,740 | €42,352 | +€11,612 | +37.8% |
| Financial charges | 65/66B | €6,282 | €5,125 | -€1,157 | -18.4% |
| Recurring financial charges | 65 | €6,282 | €5,125 | -€1,157 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €24,459 | €37,227 | +€12,769 | +52.2% |
| Income taxes | 67/77 | €12,460 | €13,465 | +€1,005 | +8.1% |
| Profit (loss) for the period | 9904 | €11,999 | €23,762 | +€11,764 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,999 | €23,762 | +€11,764 | +98.0% |
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 13 October 2026 via checked.be.