DOVY 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.
What changed
DOVY CONSTRUCT
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€416,390
2024 · €706,722-€290,332
Equity
€10.8m
2024 · €10.4m+€416,390
Cash
€135,499
2024 · €87,567+€47,932
Balance sheet total
€64.4m
2024 · €59.8m+€4.6m
Largest movements
Assets
- Tangible fixed assets +€4.5m
up €4.5m (+8.6%), from €52.3m to €56.8m
Equity and liabilities
- Debts after one year +€4.3m
up €4.3m (+9.2%), from €46.5m to €50.8m
of which Financial debts: +€2.5m
Income statement
- Turnover +€629,015
up €629,015 (+9.7%), from €6.5m to €7.1m
- Services and other goods -€262,823
down €262,823 (-30.2%), from €871,521 to €608,698
- Depreciation +€257,494
up €257,494 (+12.4%), from €2.1m to €2.3m
- Financial charges +€254,666
up €254,666 (+20.8%), from €1.2m to €1.5m
- Staff costs +€176,222
up €176,222 (+14.4%), from €1.2m to €1.4m
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.
Result 2024
€706,722
Turnover
+€629,015
Other operating income
+€61,507
Services and other goods
+€262,823
Staff costs
-€176,222
Depreciation
-€257,494
Other operating charges
-€44,393
Other operating items
-€657,234
Financial income
+€46,861
Financial charges
-€254,666
Taxes
+€99,471
Result 2025
€416,390
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.
From operations
+€2.4m
Investment
-€6.8m
Financing
+€4.5m
Cash 2024
€87,567
From operations (derived)
+€2.4m
Net result for the year
+€416,390
Depreciation
+€2.3m
Receivables after one year
+€147,626
Receivables within one year
-€185,656
Deferred charges and accrued income
-€50,721
Trade debts
-€228,057
Tax, wage and social debts
-€54,317
Investment (derived)
-€6.8m
Investment in fixed assets (net)
-€6.8m
Financing
+€4.5m
Debts after one year
+€4.3m
Current portion of long-term debt
+€195,047
Cash 2025
€135,499
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,841,925 | €64,449,345 | +€4.6m | +7.7% |
| Fixed assets | 21/28 | €55,641,449 | €60,112,186 | +€4.5m | +8.0% |
| Tangible fixed assets | 22/27 | €52,303,057 | €56,789,309 | +€4.5m | +8.6% |
| Land and buildings | 22 | €52,303,057 | €56,789,309 | +€4.5m | +8.6% |
| Financial fixed assets | 28 | €3,338,392 | €3,322,878 | -€15,514 | -0.5% |
| Affiliated companies | 280/1 | €3,333,392 | €3,317,878 | -€15,514 | -0.5% |
| Participating interests | 280 | €3,333,392 | €3,317,878 | -€15,514 | -0.5% |
| Other financial fixed assets | 284/8 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €4,200,476 | €4,337,159 | +€136,683 | +3.3% |
| Amounts receivable after more than one year | 29 | €3,875,796 | €3,728,170 | -€147,626 | -3.8% |
| Other amounts receivable | 291 | €3,875,796 | €3,728,170 | -€147,626 | -3.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €227,059 | €412,714 | +€185,656 | +81.8% |
| Trade receivables | 40 | €1,185 | €681 | -€504 | -42.6% |
| Other amounts receivable | 41 | €225,874 | €412,034 | +€186,160 | +82.4% |
| Cash at bank and in hand | 54/58 | €87,567 | €135,499 | +€47,932 | +54.7% |
| Deferred charges and accrued income | 490/1 | €10,055 | €60,776 | +€50,721 | +504.4% |
| Total equity and liabilities | 10/49 | €59,841,925 | €64,449,345 | +€4.6m | +7.7% |
| Equity | 10/15 | €10,366,067 | €10,782,457 | +€416,390 | +4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,304,067 | €10,720,457 | +€416,390 | +4.0% |
| Non-distributable reserves | 130/1 | €13,002 | €13,002 | = | 0.0% |
| Legal reserve | 130 | €13,002 | €13,002 | = | 0.0% |
| Distributable reserves | 133 | €10,291,065 | €10,707,456 | +€416,390 | +4.0% |
| Amounts payable | 17/49 | €49,475,858 | €53,666,888 | +€4.2m | +8.5% |
| Amounts payable after more than one year | 17 | €46,535,353 | €50,813,710 | +€4.3m | +9.2% |
| Financial debts | 170/4 | €24,985,038 | €27,439,994 | +€2.5m | +9.8% |
| Credit institutions | 173 | €24,985,038 | €27,439,994 | +€2.5m | +9.8% |
| Other amounts payable | 178/9 | €21,550,315 | €23,373,717 | +€1.8m | +8.5% |
| Amounts payable within one year | 42/48 | €2,940,505 | €2,853,177 | -€87,328 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €2,583,331 | €2,778,377 | +€195,047 | +7.6% |
| Trade debts | 44 | €259,219 | €31,162 | -€228,057 | -88.0% |
| Suppliers | 440/4 | €259,219 | €31,162 | -€228,057 | -88.0% |
| Taxes, remuneration and social security | 45 | €97,956 | €43,638 | -€54,317 | -55.5% |
| Taxes | 450/3 | €2,377 | €875 | -€1,501 | -63.2% |
| Remuneration and social security | 454/9 | €95,579 | €42,763 | -€52,816 | -55.3% |
| Operating income | 70/76A | €6,673,673 | €7,364,196 | +€690,522 | +10.3% |
| Turnover | 70 | €6,511,485 | €7,140,500 | +€629,015 | +9.7% |
| Other operating income | 74 | €162,188 | €223,696 | +€61,507 | +37.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €4,563,653 | €5,436,173 | +€872,520 | +19.1% |
| Services and other goods | 61 | €871,521 | €608,698 | -€262,823 | -30.2% |
| Remuneration, social security and pensions | 62 | €1,221,059 | €1,397,281 | +€176,222 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,079,085 | €2,336,579 | +€257,494 | +12.4% |
| Other operating charges | 640/8 | €317,233 | €361,626 | +€44,393 | +14.0% |
| Non-recurring operating charges | 66A | €74,754 | €731,989 | +€657,234 | +879.2% |
| Operating profit (loss) | 9901 | €2,110,021 | €1,928,023 | -€181,998 | -8.6% |
| Financial income | 75/76B | €70,105 | €116,966 | +€46,861 | +66.8% |
| Recurring financial income | 75 | €70,105 | €116,966 | +€46,861 | +66.8% |
| Income from current assets | 751 | €67,669 | €112,374 | +€44,705 | +66.1% |
| Other financial income | 752/9 | €2,436 | €4,592 | +€2,156 | +88.5% |
| Financial charges | 65/66B | €1,223,057 | €1,477,723 | +€254,666 | +20.8% |
| Recurring financial charges | 65 | €1,223,057 | €1,477,723 | +€254,666 | +20.8% |
| Debt charges | 650 | €1,218,472 | €1,473,713 | +€255,242 | +20.9% |
| Other financial charges | 652/9 | €4,585 | €4,010 | -€576 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €957,068 | €567,266 | -€389,803 | -40.7% |
| Income taxes | 67/77 | €250,346 | €150,875 | -€99,471 | -39.7% |
| Taxes | 670/3 | €250,346 | €150,875 | -€99,471 | -39.7% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €706,722 | €416,390 | -€290,332 | -41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €706,722 | €416,390 | -€290,332 | -41.1% |
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 10 October 2026 via checked.be.