DS 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.
DS CONSTRUCT
Largest movements
- Receivables within one year +€27,233
up €27,233 (+76.4%), from €35,637 to €62,870
of which Other amounts receivable: +€44,102
- Tangible fixed assets -€14,802
down €14,802 (-43.9%), from €33,694 to €18,891
- Cash +€13,556
up €13,556 (+301.7%), from €4,493 to €18,049
mainly Net result for the year (+€26,602) and Depreciation (+€12,552)
- Deferred charges and accrued income -€3,662
no longer reported in 2025 (was €3,662)
- Profit (loss) carried forward +€26,602
up €26,602 (+58.5%), from €45,508 to €72,110
- Debts after one year -€4,424
down €4,424 (-16.6%), from €26,681 to €22,258
- Turnover +€146,352
up €146,352 (+104.1%), from €140,634 to €286,986
- Purchases and services +€131,782
up €131,782 (+133.0%), from €99,049 to €230,830
- Gross operating margin +€14,570
up €14,570 (+35.0%), from €41,586 to €56,156
- Other operating charges +€9,396
up €9,396 (+315.8%), from €2,975 to €12,371
- Taxes -€6,644
down €6,644 (-86.0%), from €7,726 to €1,082
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 | €77,809 | €100,133 | +€22,324 | +28.7% |
| Fixed assets | 21/28 | €34,017 | €19,214 | -€14,802 | -43.5% |
| Tangible fixed assets | 22/27 | €33,694 | €18,891 | -€14,802 | -43.9% |
| Furniture and vehicles | 24 | €33,694 | €18,891 | -€14,802 | -43.9% |
| Financial fixed assets | 28 | €323 | €323 | = | 0.0% |
| Current assets | 29/58 | €43,793 | €80,919 | +€37,126 | +84.8% |
| Amounts receivable within one year | 40/41 | €35,637 | €62,870 | +€27,233 | +76.4% |
| Trade receivables | 40 | €16,869 | - | -€16,869 | |
| Other amounts receivable | 41 | €18,768 | €62,870 | +€44,102 | +235.0% |
| Cash at bank and in hand | 54/58 | €4,493 | €18,049 | +€13,556 | +301.7% |
| Deferred charges and accrued income | 490/1 | €3,662 | - | -€3,662 | |
| Total equity and liabilities | 10/49 | €77,809 | €100,133 | +€22,324 | +28.7% |
| Equity | 10/15 | €49,808 | €76,410 | +€26,602 | +53.4% |
| Contributions | 10/11 | €4,300 | €4,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,508 | €72,110 | +€26,602 | +58.5% |
| Amounts payable | 17/49 | €28,001 | €23,723 | -€4,278 | -15.3% |
| Amounts payable after more than one year | 17 | €26,681 | €22,258 | -€4,424 | -16.6% |
| Financial debts | 170/4 | €26,681 | €22,258 | -€4,424 | -16.6% |
| Amounts payable within one year | 42/48 | €1,320 | €1,465 | +€145 | +11.0% |
| Trade debts | 44 | €1,320 | €1,465 | +€145 | +11.0% |
| Suppliers | 440/4 | €1,320 | €1,465 | +€145 | +11.0% |
| Turnover | 70 | €140,634 | €286,986 | +€146,352 | +104.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,049 | €230,830 | +€131,782 | +133.0% |
| Remuneration, social security and pensions | 62 | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,434 | €12,552 | +€118 | +1.0% |
| Other operating charges | 640/8 | €2,975 | €12,371 | +€9,396 | +315.8% |
| Non-recurring operating charges | 66A | €2,701 | €2,681 | -€20 | -0.7% |
| Gross operating margin | 9900 | €41,586 | €56,156 | +€14,570 | +35.0% |
| Operating profit (loss) | 9901 | €23,476 | €28,469 | +€4,993 | +21.3% |
| Financial income | 75/76B | €647 | €1,582 | +€936 | +144.6% |
| Recurring financial income | 75 | €647 | €1,582 | +€936 | +144.6% |
| Financial charges | 65/66B | €1,929 | €2,367 | +€438 | +22.7% |
| Recurring financial charges | 65 | €1,929 | €2,367 | +€438 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €22,194 | €27,684 | +€5,491 | +24.7% |
| Income taxes | 67/77 | €7,726 | €1,082 | -€6,644 | -86.0% |
| Profit (loss) for the period | 9904 | €14,468 | €26,602 | +€12,135 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,468 | €26,602 | +€12,135 | +83.9% |
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 11 October 2026 via checked.be.