DVCONSTRUC: 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.
DVCONSTRUC
Largest movements
- Receivables within one year +€49,529
up €49,529 (+46.7%), from €105,959 to €155,488
of which Other amounts receivable: +€35,140
- Cash -€24,437
down €24,437 (-81.7%), from €29,922 to €5,484
mainly Receivables within one year (-€49,529) and Investment in fixed assets (net) (-€10,301)
- Tangible fixed assets +€1,906
up €1,906 (+9.4%), from €20,364 to €22,270
of which Furniture and vehicles: +€1,873
- Reserves +€35,000
up €35,000 (+35.0%), from €100,000 to €135,000
- Tax, wage and social debts +€8,120
up €8,120 (+65.0%), from €12,487 to €20,607
of which Remuneration and social security: +€4,361
- Trade debts -€8,079
down €8,079 (-33.1%), from €24,425 to €16,346
- Current portion of long-term debt -€4,131
no longer reported in 2025 (was €4,131)
- Profit (loss) carried forward -€4,081
down €4,081 (-84.8%), from €4,813 to €732
- Gross operating margin -€36,616
down €36,616 (-25.8%), from €141,952 to €105,335
- Staff costs -€23,443
down €23,443 (-28.2%), from €83,210 to €59,767
- Depreciation -€4,480
down €4,480 (-34.8%), from €12,875 to €8,395
- Taxes -€3,096
down €3,096 (-24.6%), from €12,563 to €9,468
- Financial income +€2,028
up €2,028 (+66.1%), from €3,068 to €5,096
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 | €158,357 | €185,186 | +€26,829 | +16.9% |
| Fixed assets | 21/28 | €20,408 | €22,314 | +€1,906 | +9.3% |
| Tangible fixed assets | 22/27 | €20,364 | €22,270 | +€1,906 | +9.4% |
| Plant, machinery and equipment | 23 | €9,667 | €9,699 | +€33 | +0.3% |
| Furniture and vehicles | 24 | €10,697 | €12,570 | +€1,873 | +17.5% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €137,949 | €162,872 | +€24,923 | +18.1% |
| Stocks and contracts in progress | 3 | €422 | €397 | -€25 | -5.9% |
| Stocks | 30/36 | €422 | €397 | -€25 | -5.9% |
| Amounts receivable within one year | 40/41 | €105,959 | €155,488 | +€49,529 | +46.7% |
| Trade receivables | 40 | €21,244 | €35,633 | +€14,389 | +67.7% |
| Other amounts receivable | 41 | €84,715 | €119,855 | +€35,140 | +41.5% |
| Cash at bank and in hand | 54/58 | €29,922 | €5,484 | -€24,437 | -81.7% |
| Deferred charges and accrued income | 490/1 | €1,646 | €1,502 | -€144 | -8.7% |
| Total equity and liabilities | 10/49 | €158,357 | €185,186 | +€26,829 | +16.9% |
| Equity | 10/15 | €117,313 | €148,232 | +€30,919 | +26.4% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €100,000 | €135,000 | +€35,000 | +35.0% |
| Distributable reserves | 133 | €100,000 | €135,000 | +€35,000 | +35.0% |
| Profit (loss) carried forward | 14 | €4,813 | €732 | -€4,081 | -84.8% |
| Amounts payable | 17/49 | €41,044 | €36,954 | -€4,090 | -10.0% |
| Amounts payable within one year | 42/48 | €41,044 | €36,954 | -€4,090 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €4,131 | - | -€4,131 | |
| Trade debts | 44 | €24,425 | €16,346 | -€8,079 | -33.1% |
| Suppliers | 440/4 | €24,425 | €16,346 | -€8,079 | -33.1% |
| Taxes, remuneration and social security | 45 | €12,487 | €20,607 | +€8,120 | +65.0% |
| Taxes | 450/3 | €12,433 | €16,192 | +€3,759 | +30.2% |
| Remuneration and social security | 454/9 | €55 | €4,416 | +€4,361 | +7990.2% |
| Non-recurring operating income | 76A | - | €15,940 | +€15,940 | |
| Remuneration, social security and pensions | 62 | €83,210 | €59,767 | -€23,443 | -28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,875 | €8,395 | -€4,480 | -34.8% |
| Other operating charges | 640/8 | €1,604 | €1,786 | +€181 | +11.3% |
| Gross operating margin | 9900 | €141,952 | €105,335 | -€36,616 | -25.8% |
| Operating profit (loss) | 9901 | €44,262 | €35,387 | -€8,875 | -20.1% |
| Financial income | 75/76B | €3,068 | €5,096 | +€2,028 | +66.1% |
| Recurring financial income | 75 | €3,068 | €5,096 | +€2,028 | +66.1% |
| Financial charges | 65/66B | €208 | €96 | -€113 | -54.0% |
| Recurring financial charges | 65 | €208 | €96 | -€113 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €47,122 | €40,387 | -€6,735 | -14.3% |
| Income taxes | 67/77 | €12,563 | €9,468 | -€3,096 | -24.6% |
| Profit (loss) for the period | 9904 | €34,558 | €30,919 | -€3,639 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,558 | €30,919 | -€3,639 | -10.5% |
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 10 October 2026 via checked.be.