DV 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.
What changed
DV CONSTRUCT
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€330,198
2024 · -€135,114-€195,084
Equity
€19.0m
2024 · €19.3m-€330,198
Cash
€2.3m
2024 · €388,483+€1.9m
Balance sheet total
€25.5m
2024 · €26.5m-€959,812
Largest movements
Assets
- Current investments -€2.5m
down €2.5m (-44.8%), from €5.5m to €3.0m
- Cash +€1.9m
up €1.9m (+486%), from €388,483 to €2.3m
mainly Current investments (+€2.5m) and Depreciation (+€1.1m)
- Tangible fixed assets -€680,112
down €680,112 (-3.9%), from €17.2m to €16.6m
- Receivables after one year +€303,106
up €303,106 (+13.6%), from €2.2m to €2.5m
Equity and liabilities
- Debts after one year -€369,490
down €369,490 (-6.1%), from €6.1m to €5.7m
- Profit (loss) carried forward -€330,198
down €330,198 (-2.7%), from -€12.1m to -€12.5m
- Accrued charges and deferred income -€271,609
down €271,609 (-41.3%), from €657,593 to €385,984
Income statement
- Gross operating margin -€288,735
down €288,735 (-29.5%), from €978,118 to €689,383
- Financial income +€150,716
up €150,716 (+95.6%), from €157,630 to €308,347
- Depreciation +€67,029
up €67,029 (+6.6%), from €1.0m to €1.1m
- Financial charges -€35,074
down €35,074 (-20.9%), from €168,216 to €133,142
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
-€135,114
Gross operating margin
-€288,735
Depreciation
-€67,029
Other operating charges
-€1,738
Other operating items
-€26,764
Financial income
+€150,716
Financial charges
+€35,074
Taxes
+€3,393
Result 2025
-€330,198
raises the resultlowers the resultnot broken down further in the accounts
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
+€170,673
Investment
+€2.1m
Financing
-€350,093
Cash 2024
€388,483
From operations (derived)
+€170,673
Net result for the year
-€330,198
Depreciation
+€1.1m
Receivables after one year
-€303,106
Receivables within one year
+€24,242
Deferred charges and accrued income
-€20,771
Trade debts
+€1,062
Tax, wage and social debts
+€8,315
Other debts
-€17,288
Accrued charges and deferred income
-€271,609
Investment (derived)
+€2.1m
Investment in fixed assets (net)
-€399,917
Current investments
+€2.5m
Financing
-€350,093
Debts after one year
-€369,490
Current portion of long-term debt
+€19,397
Cash 2025
€2.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,456,183 | €25,496,370 | -€959,812 | -3.6% |
| Fixed assets | 21/28 | €17,911,518 | €17,231,407 | -€680,112 | -3.8% |
| Tangible fixed assets | 22/27 | €17,245,368 | €16,565,257 | -€680,112 | -3.9% |
| Land and buildings | 22 | €14,952,037 | €14,667,099 | -€284,938 | -1.9% |
| Plant, machinery and equipment | 23 | €1,285,618 | €966,926 | -€318,692 | -24.8% |
| Furniture and vehicles | 24 | €536,347 | €478,420 | -€57,928 | -10.8% |
| Other tangible fixed assets | 26 | €471,367 | €452,812 | -€18,555 | -3.9% |
| Financial fixed assets | 28 | €666,150 | €666,150 | = | 0.0% |
| Current assets | 29/58 | €8,544,664 | €8,264,964 | -€279,701 | -3.3% |
| Amounts receivable after more than one year | 29 | €2,230,000 | €2,533,106 | +€303,106 | +13.6% |
| Other amounts receivable | 291 | €2,230,000 | €2,533,106 | +€303,106 | +13.6% |
| Amounts receivable within one year | 40/41 | €161,040 | €136,798 | -€24,242 | -15.1% |
| Trade receivables | 40 | €112,630 | €108,518 | -€4,112 | -3.7% |
| Other amounts receivable | 41 | €48,409 | €28,280 | -€20,130 | -41.6% |
| Current investments | 50/53 | €5,511,375 | €3,044,639 | -€2.5m | -44.8% |
| Cash at bank and in hand | 54/58 | €388,483 | €2,275,884 | +€1.9m | +486% |
| Deferred charges and accrued income | 490/1 | €253,766 | €274,538 | +€20,771 | +8.2% |
| Total equity and liabilities | 10/49 | €26,456,183 | €25,496,370 | -€959,812 | -3.6% |
| Equity | 10/15 | €19,311,139 | €18,980,941 | -€330,198 | -1.7% |
| Contributions | 10/11 | €11,840,100 | €11,840,100 | = | 0.0% |
| Capital | 10 | €11,840,100 | €11,840,100 | = | 0.0% |
| Issued capital | 100 | €11,840,100 | €11,840,100 | = | 0.0% |
| Reserves | 13 | €19,598,918 | €19,598,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,184,010 | €1,184,010 | = | 0.0% |
| Legal reserve | 130 | €1,184,010 | €1,184,010 | = | 0.0% |
| Distributable reserves | 133 | €18,414,908 | €18,414,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,127,879 | -€12,458,078 | -€330,198 | -2.7% |
| Amounts payable | 17/49 | €7,145,044 | €6,515,429 | -€629,614 | -8.8% |
| Amounts payable after more than one year | 17 | €6,050,352 | €5,680,862 | -€369,490 | -6.1% |
| Financial debts | 170/4 | €6,050,352 | €5,680,862 | -€369,490 | -6.1% |
| Amounts payable within one year | 42/48 | €437,099 | €448,583 | +€11,485 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €405,686 | €425,083 | +€19,397 | +4.8% |
| Trade debts | 44 | €7,269 | €8,331 | +€1,062 | +14.6% |
| Suppliers | 440/4 | €7,269 | €8,331 | +€1,062 | +14.6% |
| Taxes, remuneration and social security | 45 | €6,383 | €14,698 | +€8,315 | +130% |
| Taxes | 450/3 | €3,432 | €11,802 | +€8,369 | +244% |
| Remuneration and social security | 454/9 | €2,951 | €2,896 | -€55 | -1.9% |
| Other amounts payable | 47/48 | €17,760 | €472 | -€17,288 | -97.3% |
| Accrued charges and deferred income | 492/3 | €657,593 | €385,984 | -€271,609 | -41.3% |
| Non-recurring operating income | 76A | €338,262 | €70,903 | -€267,359 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012,999 | €1,080,028 | +€67,029 | +6.6% |
| Other operating charges | 640/8 | €69,455 | €71,193 | +€1,738 | +2.5% |
| Non-recurring operating charges | 66A | €16,340 | €43,104 | +€26,764 | +164% |
| Gross operating margin | 9900 | €978,118 | €689,383 | -€288,735 | -29.5% |
| Operating profit (loss) | 9901 | -€120,676 | -€504,943 | -€384,267 | -318% |
| Financial income | 75/76B | €157,630 | €308,347 | +€150,716 | +95.6% |
| Recurring financial income | 75 | €157,630 | €308,347 | +€150,716 | +95.6% |
| Financial charges | 65/66B | €168,216 | €133,142 | -€35,074 | -20.9% |
| Recurring financial charges | 65 | €168,216 | €133,142 | -€35,074 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€131,262 | -€329,739 | -€198,477 | -151% |
| Income taxes | 67/77 | €3,853 | €460 | -€3,393 | -88.1% |
| Profit (loss) for the period | 9904 | -€135,114 | -€330,198 | -€195,084 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€135,114 | -€330,198 | -€195,084 | -144% |
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 16 October 2026 via checked.be.