Duin 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.
Duin Construct
Largest movements
- Stocks and contracts +€428,237
up €428,237 (+59.0%), from €725,621 to €1.2m
- Cash +€57,654
up €57,654 (+157.3%), from €36,653 to €94,306
mainly Other debts (+€247,155) and Short-term financial debts (+€179,330)
- Receivables within one year +€30,331
up €30,331 (+5.5%), from €553,958 to €584,288
of which Trade receivables: +€30,003
- Other debts +€247,155
up €247,155 (+85.6%), from €288,729 to €535,884
- Short-term financial debts +€179,330
up €179,330 (+19.9%), from €902,418 to €1.1m
- Profit (loss) carried forward +€36,280
up €36,280, from -€25,792 to €10,488
- Accrued charges and deferred income +€27,080
up €27,080, from €0 to €27,080
- Financial charges -€57,969
down €57,969 (-54.9%), from €105,626 to €47,657
- Gross operating margin -€22,780
down €22,780 (-23.5%), from €96,791 to €74,011
- Financial income +€6,688
up €6,688 (+41.1%), from €16,259 to €22,947
- Taxes +€3,550
up €3,550, from €0 to €3,550
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 | €1,336,061 | €1,847,888 | +€511,827 | +38.3% |
| Fixed assets | 21/28 | €19,024 | €14,662 | -€4,362 | -22.9% |
| Tangible fixed assets | 22/27 | €19,024 | €14,662 | -€4,362 | -22.9% |
| Plant, machinery and equipment | 23 | €4,423 | €4,192 | -€232 | -5.2% |
| Furniture and vehicles | 24 | €14,601 | €10,470 | -€4,130 | -28.3% |
| Current assets | 29/58 | €1,317,037 | €1,833,226 | +€516,189 | +39.2% |
| Stocks and contracts in progress | 3 | €725,621 | €1,153,858 | +€428,237 | +59.0% |
| Stocks | 30/36 | €725,621 | €1,153,858 | +€428,237 | +59.0% |
| Amounts receivable within one year | 40/41 | €553,958 | €584,288 | +€30,331 | +5.5% |
| Trade receivables | 40 | €535,713 | €565,715 | +€30,003 | +5.6% |
| Other amounts receivable | 41 | €18,245 | €18,573 | +€328 | +1.8% |
| Cash at bank and in hand | 54/58 | €36,653 | €94,306 | +€57,654 | +157.3% |
| Deferred charges and accrued income | 490/1 | €806 | €773 | -€33 | -4.1% |
| Total equity and liabilities | 10/49 | €1,336,061 | €1,847,888 | +€511,827 | +38.3% |
| Equity | 10/15 | €24,208 | €60,488 | +€36,280 | +149.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,792 | €10,488 | +€36,280 | |
| Amounts payable | 17/49 | €1,311,854 | €1,787,400 | +€475,546 | +36.2% |
| Amounts payable within one year | 42/48 | €1,311,854 | €1,760,320 | +€448,467 | +34.2% |
| Financial debts | 43 | €902,418 | €1,081,748 | +€179,330 | +19.9% |
| Credit institutions | 430/8 | €902,418 | €1,081,748 | +€179,330 | +19.9% |
| Trade debts | 44 | €30,131 | €47,940 | +€17,809 | +59.1% |
| Suppliers | 440/4 | €30,131 | €47,940 | +€17,809 | +59.1% |
| Taxes, remuneration and social security | 45 | €90,575 | €94,749 | +€4,173 | +4.6% |
| Taxes | 450/3 | €90,575 | €94,749 | +€4,173 | +4.6% |
| Other amounts payable | 47/48 | €288,729 | €535,884 | +€247,155 | +85.6% |
| Accrued charges and deferred income | 492/3 | €0 | €27,080 | +€27,080 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €8,196 | -€922 | -10.1% |
| Other operating charges | 640/8 | €1,173 | €1,274 | +€101 | +8.6% |
| Gross operating margin | 9900 | €96,791 | €74,011 | -€22,780 | -23.5% |
| Operating profit (loss) | 9901 | €86,500 | €64,541 | -€21,959 | -25.4% |
| Financial income | 75/76B | €16,259 | €22,947 | +€6,688 | +41.1% |
| Recurring financial income | 75 | €16,259 | €22,947 | +€6,688 | +41.1% |
| Financial charges | 65/66B | €105,626 | €47,657 | -€57,969 | -54.9% |
| Recurring financial charges | 65 | €105,626 | €47,657 | -€57,969 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,867 | €39,830 | +€42,697 | |
| Income taxes | 67/77 | €0 | €3,550 | +€3,550 | |
| Profit (loss) for the period | 9904 | -€2,867 | €36,280 | +€39,147 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,867 | €36,280 | +€39,147 |
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 4 October 2026 via checked.be.