DSH BOUW: 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.
DSH BOUW
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€34,993
up €34,993 (+56.8%), from €61,568 to €96,562
of which Trade receivables: +€67,225
- Cash +€32,939
up €32,939 (+19.2%), from €171,614 to €204,553
mainly Current investments (+€200,000) and Net result for the year (+€121,660)
- Stocks and contracts -€30,194
down €30,194 (-35.7%), from €84,512 to €54,318
of which Contracts in progress: -€23,164
- Tangible fixed assets -€16,432
down €16,432 (-3.2%), from €512,378 to €495,946
of which Plant, machinery and equipment: -€61,104
- Other debts -€114,271
down €114,271 (-38.6%), from €295,993 to €181,722
- Debts after one year -€21,156
down €21,156 (-7.0%), from €303,299 to €282,143
- Reserves -€14,640
down €14,640 (-8.2%), from €179,001 to €164,361
- Trade debts -€13,775
down €13,775 (-9.4%), from €146,025 to €132,250
- Accrued charges and deferred income -€12,868
down €12,868 (-51.4%), from €25,019 to €12,151
- Gross operating margin +€86,365
up €86,365 (+18.2%), from €475,479 to €561,844
- Staff costs +€75,072
up €75,072 (+32.7%), from €229,847 to €304,920
- Depreciation +€16,613
up €16,613 (+22.6%), from €73,426 to €90,039
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 | €1,041,457 | €855,703 | -€185,754 | -17.8% |
| Fixed assets | 21/28 | €512,378 | €495,946 | -€16,432 | -3.2% |
| Tangible fixed assets | 22/27 | €512,378 | €495,946 | -€16,432 | -3.2% |
| Land and buildings | 22 | €213,982 | €204,548 | -€9,433 | -4.4% |
| Plant, machinery and equipment | 23 | €261,380 | €200,277 | -€61,104 | -23.4% |
| Furniture and vehicles | 24 | €37,016 | €91,121 | +€54,105 | +146% |
| Current assets | 29/58 | €529,079 | €359,757 | -€169,322 | -32.0% |
| Stocks and contracts in progress | 3 | €84,512 | €54,318 | -€30,194 | -35.7% |
| Stocks | 30/36 | €21,958 | €14,928 | -€7,030 | -32.0% |
| Contracts in progress | 37 | €62,554 | €39,390 | -€23,164 | -37.0% |
| Amounts receivable within one year | 40/41 | €61,568 | €96,562 | +€34,993 | +56.8% |
| Trade receivables | 40 | - | €67,225 | +€67,225 | |
| Other amounts receivable | 41 | €61,568 | €29,337 | -€32,231 | -52.4% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €171,614 | €204,553 | +€32,939 | +19.2% |
| Deferred charges and accrued income | 490/1 | €11,384 | €4,324 | -€7,060 | -62.0% |
| Total equity and liabilities | 10/49 | €1,041,457 | €855,703 | -€185,754 | -17.8% |
| Equity | 10/15 | €185,251 | €170,611 | -€14,640 | -7.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €179,001 | €164,361 | -€14,640 | -8.2% |
| Distributable reserves | 133 | €179,001 | €164,361 | -€14,640 | -8.2% |
| Amounts payable | 17/49 | €856,206 | €685,092 | -€171,114 | -20.0% |
| Amounts payable after more than one year | 17 | €303,299 | €282,143 | -€21,156 | -7.0% |
| Financial debts | 170/4 | €303,299 | €282,143 | -€21,156 | -7.0% |
| Amounts payable within one year | 42/48 | €527,887 | €390,798 | -€137,089 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €67,413 | €64,996 | -€2,418 | -3.6% |
| Trade debts | 44 | €146,025 | €132,250 | -€13,775 | -9.4% |
| Suppliers | 440/4 | €146,025 | €132,250 | -€13,775 | -9.4% |
| Taxes, remuneration and social security | 45 | €18,456 | €11,831 | -€6,626 | -35.9% |
| Taxes | 450/3 | €7,500 | - | -€7,500 | |
| Remuneration and social security | 454/9 | €10,957 | €11,831 | +€874 | +8.0% |
| Other amounts payable | 47/48 | €295,993 | €181,722 | -€114,271 | -38.6% |
| Accrued charges and deferred income | 492/3 | €25,019 | €12,151 | -€12,868 | -51.4% |
| Remuneration, social security and pensions | 62 | €229,847 | €304,920 | +€75,072 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,426 | €90,039 | +€16,613 | +22.6% |
| Other operating charges | 640/8 | €1,832 | €1,433 | -€400 | -21.8% |
| Gross operating margin | 9900 | €475,479 | €561,844 | +€86,365 | +18.2% |
| Operating profit (loss) | 9901 | €170,373 | €165,453 | -€4,920 | -2.9% |
| Financial income | 75/76B | €2,374 | €4,560 | +€2,186 | +92.1% |
| Recurring financial income | 75 | €2,374 | €4,560 | +€2,186 | +92.1% |
| Financial charges | 65/66B | €7,088 | €10,847 | +€3,759 | +53.0% |
| Recurring financial charges | 65 | €7,088 | €10,847 | +€3,759 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €165,659 | €159,165 | -€6,493 | -3.9% |
| Income taxes | 67/77 | €37,500 | €37,506 | +€6 | 0.0% |
| Profit (loss) for the period | 9904 | €128,159 | €121,660 | -€6,499 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,159 | €121,660 | -€6,499 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.