DN Constructions: what changed
Two fiscal 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 Constructions
Largest movements
- Tangible fixed assets -€60,426
down €60,426 (-34.5%), from €175,358 to €114,932
of which Leasing and similar rights: -€49,002
- Cash -€20,040
down €20,040 (-99.9%), from €20,058 to €18
mainly Debts after one year (-€44,727) and Receivables within one year (-€14,239)
- Receivables within one year +€14,239
up €14,239 (+18.2%), from €78,166 to €92,405
of which Other amounts receivable: +€24,421
- Debts after one year -€44,727
down €44,727 (-47.6%), from €93,892 to €49,165
- Reserves -€11,228
down €11,228 (-15.8%), from €70,988 to €59,760
of which Tax-exempt reserves: -€11,259
- Current portion of long-term debt -€10,037
down €10,037 (-16.3%), from €61,556 to €51,520
- Short-term financial debts -€9,194
down €9,194 (-82.1%), from €11,195 to €2,002
- Other debts +€8,700
up €8,700, from €0 to €8,700
- Depreciation -€4,553
down €4,553 (-6.5%), from €69,597 to €65,045
- Taxes +€2,007
up €2,007 (+65.3%), from €3,075 to €5,082
- Financial charges -€1,444
down €1,444 (-17.4%), from €8,314 to €6,870
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.
Cash bridge derived
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 | €276,398 | €208,162 | -€68,237 | -24.7% |
| Fixed assets | 21/28 | €175,846 | €115,420 | -€60,426 | -34.4% |
| Tangible fixed assets | 22/27 | €175,358 | €114,932 | -€60,426 | -34.5% |
| Plant, machinery and equipment | 23 | €5,463 | €4,372 | -€1,091 | -20.0% |
| Furniture and vehicles | 24 | €16,953 | €4,206 | -€12,747 | -75.2% |
| Leasing and similar rights | 25 | €143,510 | €94,508 | -€49,002 | -34.1% |
| Other tangible fixed assets | 26 | €9,431 | €11,846 | +€2,414 | +25.6% |
| Financial fixed assets | 28 | €488 | €488 | = | 0.0% |
| Current assets | 29/58 | €100,552 | €92,742 | -€7,811 | -7.8% |
| Amounts receivable within one year | 40/41 | €78,166 | €92,405 | +€14,239 | +18.2% |
| Trade receivables | 40 | €58,160 | €47,978 | -€10,182 | -17.5% |
| Other amounts receivable | 41 | €20,006 | €44,427 | +€24,421 | +122.1% |
| Cash at bank and in hand | 54/58 | €20,058 | €18 | -€20,040 | -99.9% |
| Deferred charges and accrued income | 490/1 | €2,329 | €318 | -€2,010 | -86.3% |
| Total equity and liabilities | 10/49 | €276,398 | €208,162 | -€68,237 | -24.7% |
| Equity | 10/15 | €89,588 | €78,360 | -€11,228 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,988 | €59,760 | -€11,228 | -15.8% |
| Tax-exempt reserves | 132 | €32,535 | €21,276 | -€11,259 | -34.6% |
| Distributable reserves | 133 | €38,453 | €38,484 | +€32 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €8,134 | €5,319 | -€2,815 | -34.6% |
| Deferred taxes | 168 | €8,134 | €5,319 | -€2,815 | -34.6% |
| Amounts payable | 17/49 | €178,677 | €124,483 | -€54,194 | -30.3% |
| Amounts payable after more than one year | 17 | €93,892 | €49,165 | -€44,727 | -47.6% |
| Financial debts | 170/4 | €93,892 | €49,165 | -€44,727 | -47.6% |
| Amounts payable within one year | 42/48 | €84,785 | €75,318 | -€9,467 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €61,556 | €51,520 | -€10,037 | -16.3% |
| Financial debts | 43 | €11,195 | €2,002 | -€9,194 | -82.1% |
| Credit institutions | 430/8 | €11,195 | €2,002 | -€9,194 | -82.1% |
| Trade debts | 44 | €11,606 | €12,724 | +€1,118 | +9.6% |
| Suppliers | 440/4 | €11,606 | €12,724 | +€1,118 | +9.6% |
| Taxes, remuneration and social security | 45 | €427 | €373 | -€54 | -12.7% |
| Taxes | 450/3 | €427 | €373 | -€54 | -12.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €8,700 | +€8,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,597 | €65,045 | -€4,553 | -6.5% |
| Other operating charges | 640/8 | €2,343 | €1,737 | -€606 | -25.9% |
| Gross operating margin | 9900 | €72,940 | €73,365 | +€425 | +0.6% |
| Operating profit (loss) | 9901 | €1,000 | €6,583 | +€5,584 | +558.6% |
| Financial income | 75/76B | €21 | €26 | +€5 | +23.8% |
| Recurring financial income | 75 | €21 | €26 | +€5 | +23.8% |
| Financial charges | 65/66B | €8,314 | €6,870 | -€1,444 | -17.4% |
| Recurring financial charges | 65 | €8,314 | €6,870 | -€1,444 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,293 | -€261 | +€7,032 | +96.4% |
| Transfer from deferred taxes | 780 | €2,815 | €2,815 | = | 0.0% |
| Income taxes | 67/77 | €3,075 | €5,082 | +€2,007 | +65.3% |
| Profit (loss) for the period | 9904 | -€7,553 | -€2,528 | +€5,025 | +66.5% |
| Transfer from tax-exempt reserves | 789 | €11,259 | €11,259 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,706 | €8,732 | +€5,025 | +135.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.