DUYNSLAEGER & C°: 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
DUYNSLAEGER & C°
NACE 68.122, Development of non-residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€68,653
2024 · €2,161+€66,492
Equity
€1.0m
2024 · €951,332+€68,653
Cash
€61,694
2024 · €17,449+€44,245
Balance sheet total
€6.8m
2024 · €6.1m+€746,632
Largest movements
Assets
- Receivables within one year +€682,414
up €682,414 (+28.5%), from €2.4m to €3.1m
of which Other amounts receivable: +€682,572
- Tangible fixed assets +€527,527
up €527,527 (+61.7%), from €855,461 to €1.4m
of which Land and buildings: +€534,245
- Stocks and contracts -€522,497
down €522,497 (-19.3%), from €2.7m to €2.2m
Equity and liabilities
- Other debts +€413,903
up €413,903 (+10.8%), from €3.8m to €4.3m
- Debts after one year +€397,737
up €397,737 (+154%), from €257,637 to €655,375
- Trade debts -€144,529
down €144,529 (-76.6%), from €188,797 to €44,268
- Reserves +€68,653
up €68,653 (+7.7%), from €889,832 to €958,485
of which Tax-exempt reserves: +€66,350
Income statement
- Gross operating margin +€165,367
up €165,367 (+94.3%), from €175,389 to €340,755
- Financial charges +€97,800
up €97,800 (+69.1%), from €141,466 to €239,265
- Financial income +€84,822
up €84,822 (+153%), from €55,502 to €140,324
- Depreciation +€82,389
up €82,389 (+147%), from €55,873 to €138,262
- Other operating charges +€5,181
up €5,181 (+16.5%), from €31,390 to €36,571
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
€2,161
Gross operating margin
+€165,367
Depreciation
-€82,389
Write-downs
-€0
Other operating charges
-€5,181
Financial income
+€84,822
Financial charges
-€97,800
Taxes
+€1,674
Result 2025
€68,653
raises the resultlowers the result
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.
From operations
+€298,618
Investment
-€665,617
Financing
+€411,244
Cash 2024
€17,449
From operations (derived)
+€298,618
Net result for the year
+€68,653
Depreciation
+€138,262
Smaller working-capital items
-€1,190
Stocks and contracts
+€522,497
Receivables within one year
-€682,414
Deferred charges and accrued income
-€14,893
Provisions
-€3,743
Trade debts
-€144,529
Tax, wage and social debts
+€2,071
Other debts
+€413,903
Investment (derived)
-€665,617
Investment in fixed assets (net)
-€665,617
Financing
+€411,244
Debts after one year
+€397,737
Current portion of long-term debt
+€27,210
Short-term financial debts
-€13,703
Cash 2025
€61,694
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,088,721 | €6,835,353 | +€746,632 | +12.3% |
| Fixed assets | 21/28 | €867,871 | €1,395,226 | +€527,355 | +60.8% |
| Tangible fixed assets | 22/27 | €855,461 | €1,382,988 | +€527,527 | +61.7% |
| Land and buildings | 22 | €823,851 | €1,358,096 | +€534,245 | +64.8% |
| Furniture and vehicles | 24 | €31,610 | €24,892 | -€6,718 | -21.3% |
| Financial fixed assets | 28 | €12,410 | €12,238 | -€172 | -1.4% |
| Current assets | 29/58 | €5,220,850 | €5,440,127 | +€219,277 | +4.2% |
| Amounts receivable after more than one year | 29 | - | €222 | +€222 | |
| Other amounts receivable | 291 | - | €222 | +€222 | |
| Stocks and contracts in progress | 3 | €2,706,563 | €2,184,065 | -€522,497 | -19.3% |
| Stocks | 30/36 | €2,706,563 | €2,184,065 | -€522,497 | -19.3% |
| Amounts receivable within one year | 40/41 | €2,395,816 | €3,078,230 | +€682,414 | +28.5% |
| Trade receivables | 40 | €130,396 | €130,238 | -€158 | -0.1% |
| Other amounts receivable | 41 | €2,265,420 | €2,947,992 | +€682,572 | +30.1% |
| Current investments | 50/53 | €51,580 | €51,580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,449 | €61,694 | +€44,245 | +254% |
| Deferred charges and accrued income | 490/1 | €49,443 | €64,336 | +€14,893 | +30.1% |
| Total equity and liabilities | 10/49 | €6,088,721 | €6,835,353 | +€746,632 | +12.3% |
| Equity | 10/15 | €951,332 | €1,019,985 | +€68,653 | +7.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €889,832 | €958,485 | +€68,653 | +7.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €190,866 | €257,216 | +€66,350 | +34.8% |
| Distributable reserves | 133 | €692,816 | €695,119 | +€2,304 | +0.3% |
| Provisions and deferred taxes | 16 | €67,371 | €63,628 | -€3,743 | -5.6% |
| Deferred taxes | 168 | €67,371 | €63,628 | -€3,743 | -5.6% |
| Amounts payable | 17/49 | €5,070,019 | €5,751,740 | +€681,722 | +13.4% |
| Amounts payable after more than one year | 17 | €257,637 | €655,375 | +€397,737 | +154% |
| Financial debts | 170/4 | €257,637 | €655,375 | +€397,737 | +154% |
| Amounts payable within one year | 42/48 | €4,705,632 | €4,990,584 | +€284,952 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €158,732 | €185,942 | +€27,210 | +17.1% |
| Financial debts | 43 | €513,703 | €500,000 | -€13,703 | -2.7% |
| Credit institutions | 430/8 | €513,703 | €500,000 | -€13,703 | -2.7% |
| Trade debts | 44 | €188,797 | €44,268 | -€144,529 | -76.6% |
| Suppliers | 440/4 | €188,797 | €44,268 | -€144,529 | -76.6% |
| Taxes, remuneration and social security | 45 | €4,243 | €6,314 | +€2,071 | +48.8% |
| Taxes | 450/3 | €4,243 | €6,314 | +€2,071 | +48.8% |
| Other amounts payable | 47/48 | €3,840,157 | €4,254,060 | +€413,903 | +10.8% |
| Accrued charges and deferred income | 492/3 | €106,750 | €105,782 | -€968 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,873 | €138,262 | +€82,389 | +147% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€0 | €0 | +€0 | |
| Other operating charges | 640/8 | €31,390 | €36,571 | +€5,181 | +16.5% |
| Gross operating margin | 9900 | €175,389 | €340,755 | +€165,367 | +94.3% |
| Operating profit (loss) | 9901 | €88,126 | €165,923 | +€77,796 | +88.3% |
| Financial income | 75/76B | €55,502 | €140,324 | +€84,822 | +153% |
| Recurring financial income | 75 | €55,502 | €140,324 | +€84,822 | +153% |
| Financial charges | 65/66B | €141,466 | €239,265 | +€97,800 | +69.1% |
| Recurring financial charges | 65 | €141,466 | €239,265 | +€97,800 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €2,162 | €66,981 | +€64,819 | +2,998% |
| Transfer from deferred taxes | 780 | €3,743 | €3,743 | = | 0.0% |
| Income taxes | 67/77 | €3,744 | €2,071 | -€1,674 | -44.7% |
| Profit (loss) for the period | 9904 | €2,161 | €68,653 | +€66,492 | +3,077% |
| Transfer from tax-exempt reserves | 789 | €7,269 | €8,130 | +€861 | +11.8% |
| Transfer to tax-exempt reserves | 689 | - | €74,479 | +€74,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,429 | €2,304 | -€7,126 | -75.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.