DV²: what changed
What changed
DV²
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€13,092
2024 · -€7,509+€20,601
Equity
€96,019
2024 · €82,927+€13,092
Cash
€16,012
2024 · €8,292+€7,720
Balance sheet total
€457,524
2024 · €454,501+€3,023
Largest movements
Assets
- Cash +€7,720
up €7,720 (+93.1%), from €8,292 to €16,012
mainly Trade debts (+€16,234) and Net result for the year (+€13,092)
Equity and liabilities
- Debts after one year -€22,017
down €22,017 (-10.9%), from €202,456 to €180,439
- Trade debts +€16,234
up €16,234 (+477%), from €3,405 to €19,638
- Profit (loss) carried forward +€13,092
up €13,092 (+27.3%), from €47,927 to €61,019
- Tax, wage and social debts -€5,172
down €5,172 (-42.3%), from €12,239 to €7,067
of which Taxes: -€5,172
Income statement
- Gross operating margin -€14,511
down €14,511 (-32.2%), from €45,131 to €30,620
- Financial charges -€3,472
down €3,472 (-24.9%), from €13,934 to €10,462
- Taxes +€2,130
up €2,130, from €0 to €2,130
- Write-downs +€2,000
new in 2025: €2,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€7,509
Gross operating margin
-€14,511
Depreciation
-€418
Write-downs
-€2,000
Other operating charges
+€195
Other operating items
+€36,000
Financial income
-€8
Financial charges
+€3,472
Taxes
-€2,130
Result 2025
€13,092
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€29,449
Investment
€0
Financing
-€21,729
Cash 2024
€8,292
From operations (derived)
+€29,449
Net result for the year
+€13,092
Depreciation
+€2,134
Receivables within one year
+€2,000
Deferred charges and accrued income
+€563
Trade debts
+€16,234
Tax, wage and social debts
-€5,172
Other debts
-€1,720
Accrued charges and deferred income
+€2,318
Financing
-€21,729
Debts after one year
-€22,017
Current portion of long-term debt
+€288
Cash 2025
€16,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €454,501 | €457,524 | +€3,023 | +0.7% |
| Formation expenses | 20 | €954 | €391 | -€563 | -59.0% |
| Fixed assets | 21/28 | €415,635 | €414,063 | -€1,571 | -0.4% |
| Tangible fixed assets | 22/27 | €2,533 | €961 | -€1,571 | -62.0% |
| Plant, machinery and equipment | 23 | €1,270 | €376 | -€894 | -70.4% |
| Furniture and vehicles | 24 | €1,262 | €585 | -€677 | -53.7% |
| Financial fixed assets | 28 | €413,102 | €413,102 | = | 0.0% |
| Current assets | 29/58 | €37,912 | €43,069 | +€5,157 | +13.6% |
| Amounts receivable within one year | 40/41 | €28,220 | €26,220 | -€2,000 | -7.1% |
| Trade receivables | 40 | €2,420 | €420 | -€2,000 | -82.6% |
| Other amounts receivable | 41 | €25,800 | €25,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,292 | €16,012 | +€7,720 | +93.1% |
| Deferred charges and accrued income | 490/1 | €1,401 | €838 | -€563 | -40.2% |
| Total equity and liabilities | 10/49 | €454,501 | €457,524 | +€3,023 | +0.7% |
| Equity | 10/15 | €82,927 | €96,019 | +€13,092 | +15.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,927 | €61,019 | +€13,092 | +27.3% |
| Amounts payable | 17/49 | €371,574 | €361,505 | -€10,069 | -2.7% |
| Amounts payable after more than one year | 17 | €202,456 | €180,439 | -€22,017 | -10.9% |
| Financial debts | 170/4 | €202,456 | €180,439 | -€22,017 | -10.9% |
| Amounts payable within one year | 42/48 | €156,363 | €165,993 | +€9,630 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €21,729 | €22,017 | +€288 | +1.3% |
| Trade debts | 44 | €3,405 | €19,638 | +€16,234 | +477% |
| Suppliers | 440/4 | €3,405 | €19,638 | +€16,234 | +477% |
| Taxes, remuneration and social security | 45 | €12,239 | €7,067 | -€5,172 | -42.3% |
| Taxes | 450/3 | €12,239 | €7,067 | -€5,172 | -42.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €118,991 | €117,271 | -€1,720 | -1.4% |
| Accrued charges and deferred income | 492/3 | €12,754 | €15,073 | +€2,318 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716 | €2,134 | +€418 | +24.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,000 | +€2,000 | |
| Other operating charges | 640/8 | €998 | €803 | -€195 | -19.6% |
| Non-recurring operating charges | 66A | €36,000 | €0 | -€36,000 | -100% |
| Gross operating margin | 9900 | €45,131 | €30,620 | -€14,511 | -32.2% |
| Operating profit (loss) | 9901 | €6,417 | €25,683 | +€19,266 | +300% |
| Financial income | 75/76B | €8 | €0 | -€8 | -100% |
| Recurring financial income | 75 | €8 | €0 | -€8 | -100% |
| Financial charges | 65/66B | €13,934 | €10,462 | -€3,472 | -24.9% |
| Recurring financial charges | 65 | €13,934 | €10,462 | -€3,472 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,509 | €15,221 | +€22,730 | |
| Income taxes | 67/77 | €0 | €2,130 | +€2,130 | |
| Profit (loss) for the period | 9904 | -€7,509 | €13,092 | +€20,601 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,509 | €13,092 | +€20,601 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.