Dorval Construct: 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.
Dorval Construct
Largest movements
- Tangible fixed assets -€7,546
down €7,546 (-50.0%), from €15,092 to €7,546
- Receivables within one year -€3,543
down €3,543 (-2.0%), from €175,665 to €172,122
of which Trade receivables: -€19,734
- Cash +€3,171
up €3,171 (+100.1%), from €3,167 to €6,338
mainly Depreciation (+€7,546) and Net result for the year (+€5,565)
- Trade debts -€14,354
down €14,354 (-23.0%), from €62,528 to €48,174
of which Bills of exchange payable: -€15,974
- Profit (loss) carried forward +€5,565
up €5,565 (+4.6%), from €119,887 to €125,452
- Gross operating margin +€1,666
up €1,666 (+11.1%), from €15,050 to €16,717
- Other operating charges +€1,135
up €1,135 (+326.6%), from €348 to €1,483
- Taxes -€775
down €775 (-31.0%), from €2,500 to €1,724
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 | €193,924 | €186,006 | -€7,918 | -4.1% |
| Fixed assets | 21/28 | €15,092 | €7,546 | -€7,546 | -50.0% |
| Tangible fixed assets | 22/27 | €15,092 | €7,546 | -€7,546 | -50.0% |
| Furniture and vehicles | 24 | €15,092 | €7,546 | -€7,546 | -50.0% |
| Current assets | 29/58 | €178,832 | €178,460 | -€372 | -0.2% |
| Amounts receivable within one year | 40/41 | €175,665 | €172,122 | -€3,543 | -2.0% |
| Trade receivables | 40 | €85,795 | €66,061 | -€19,734 | -23.0% |
| Other amounts receivable | 41 | €89,870 | €106,061 | +€16,191 | +18.0% |
| Cash at bank and in hand | 54/58 | €3,167 | €6,338 | +€3,171 | +100.1% |
| Total equity and liabilities | 10/49 | €193,924 | €186,006 | -€7,918 | -4.1% |
| Equity | 10/15 | €127,947 | €133,512 | +€5,565 | +4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,887 | €125,452 | +€5,565 | +4.6% |
| Amounts payable | 17/49 | €65,977 | €52,495 | -€13,483 | -20.4% |
| Amounts payable within one year | 42/48 | €65,977 | €52,495 | -€13,483 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €3,450 | €3,438 | -€11 | -0.3% |
| Trade debts | 44 | €62,528 | €48,174 | -€14,354 | -23.0% |
| Suppliers | 440/4 | €8,491 | €10,111 | +€1,620 | +19.1% |
| Bills of exchange payable | 441 | €54,037 | €38,063 | -€15,974 | -29.6% |
| Taxes, remuneration and social security | 45 | - | €882 | +€882 | |
| Taxes | 450/3 | - | €882 | +€882 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,546 | €7,546 | = | 0.0% |
| Other operating charges | 640/8 | €348 | €1,483 | +€1,135 | +326.6% |
| Gross operating margin | 9900 | €15,050 | €16,717 | +€1,666 | +11.1% |
| Operating profit (loss) | 9901 | €7,157 | €7,688 | +€531 | +7.4% |
| Financial charges | 65/66B | €451 | €399 | -€52 | -11.5% |
| Recurring financial charges | 65 | €451 | €399 | -€52 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €6,706 | €7,289 | +€583 | +8.7% |
| Income taxes | 67/77 | €2,500 | €1,724 | -€775 | -31.0% |
| Profit (loss) for the period | 9904 | €4,207 | €5,565 | +€1,359 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,207 | €5,565 | +€1,359 | +32.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.