DVE 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.
DVE Construct
Largest movements
- Tangible fixed assets -€50,475
down €50,475 (-18.4%), from €275,052 to €224,577
of which Furniture and vehicles: -€34,610
- Cash +€19,129
up €19,129 (+51.2%), from €37,387 to €56,517
mainly Net result for the year (+€64,136) and Depreciation (+€59,297)
- Stocks and contracts -€5,815
down €5,815 (-100.0%), from €5,815 to €0
- Deferred charges and accrued income -€5,412
down €5,412 (-53.0%), from €10,207 to €4,795
- Other debts -€84,093
down €84,093 (-86.8%), from €96,888 to €12,795
- Reserves +€64,136
up €64,136 (+32.7%), from €195,912 to €260,048
- Debts after one year -€15,238
down €15,238 (-77.2%), from €19,740 to €4,502
- Trade debts -€5,351
down €5,351 (-65.5%), from €8,170 to €2,819
- Gross operating margin -€47,308
down €47,308 (-20.8%), from €227,058 to €179,750
- Staff costs -€29,972
down €29,972 (-44.5%), from €67,321 to €37,349
- Taxes -€12,054
down €12,054 (-42.4%), from €28,431 to €16,376
- Depreciation +€4,950
up €4,950 (+9.1%), from €54,347 to €59,297
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 | €354,973 | €314,712 | -€40,260 | -11.3% |
| Fixed assets | 21/28 | €275,177 | €224,702 | -€50,475 | -18.3% |
| Tangible fixed assets | 22/27 | €275,052 | €224,577 | -€50,475 | -18.4% |
| Land and buildings | 22 | €99,619 | €93,706 | -€5,914 | -5.9% |
| Plant, machinery and equipment | 23 | €15,754 | €15,169 | -€585 | -3.7% |
| Furniture and vehicles | 24 | €136,995 | €102,384 | -€34,610 | -25.3% |
| Leasing and similar rights | 25 | €22,684 | €13,318 | -€9,366 | -41.3% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €79,795 | €90,010 | +€10,214 | +12.8% |
| Stocks and contracts in progress | 3 | €5,815 | €0 | -€5,815 | -100.0% |
| Stocks | 30/36 | €5,815 | €0 | -€5,815 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,386 | €28,699 | +€2,312 | +8.8% |
| Trade receivables | 40 | €18,180 | €15,467 | -€2,713 | -14.9% |
| Other amounts receivable | 41 | €8,207 | €13,232 | +€5,025 | +61.2% |
| Cash at bank and in hand | 54/58 | €37,387 | €56,517 | +€19,129 | +51.2% |
| Deferred charges and accrued income | 490/1 | €10,207 | €4,795 | -€5,412 | -53.0% |
| Total equity and liabilities | 10/49 | €354,973 | €314,712 | -€40,260 | -11.3% |
| Equity | 10/15 | €214,512 | €278,648 | +€64,136 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,912 | €260,048 | +€64,136 | +32.7% |
| Distributable reserves | 133 | €195,912 | €260,048 | +€64,136 | +32.7% |
| Amounts payable | 17/49 | €140,461 | €36,064 | -€104,397 | -74.3% |
| Amounts payable after more than one year | 17 | €19,740 | €4,502 | -€15,238 | -77.2% |
| Financial debts | 170/4 | €19,740 | €4,502 | -€15,238 | -77.2% |
| Amounts payable within one year | 42/48 | €120,721 | €31,562 | -€89,159 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €14,824 | €15,238 | +€414 | +2.8% |
| Financial debts | 43 | €451 | €684 | +€233 | +51.7% |
| Credit institutions | 430/8 | €451 | €684 | +€233 | +51.7% |
| Trade debts | 44 | €8,170 | €2,819 | -€5,351 | -65.5% |
| Suppliers | 440/4 | €8,170 | €2,819 | -€5,351 | -65.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €388 | €26 | -€362 | -93.3% |
| Taxes | 450/3 | €388 | €26 | -€362 | -93.3% |
| Other amounts payable | 47/48 | €96,888 | €12,795 | -€84,093 | -86.8% |
| Non-recurring operating income | 76A | €13,750 | €6,280 | -€7,470 | -54.3% |
| Remuneration, social security and pensions | 62 | €67,321 | €37,349 | -€29,972 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,347 | €59,297 | +€4,950 | +9.1% |
| Other operating charges | 640/8 | €1,861 | €1,766 | -€95 | -5.1% |
| Gross operating margin | 9900 | €227,058 | €179,750 | -€47,308 | -20.8% |
| Operating profit (loss) | 9901 | €103,529 | €81,338 | -€22,191 | -21.4% |
| Financial income | 75/76B | €107 | €91 | -€16 | -15.1% |
| Recurring financial income | 75 | €107 | €91 | -€16 | -15.1% |
| Financial charges | 65/66B | €1,317 | €917 | -€400 | -30.4% |
| Recurring financial charges | 65 | €1,317 | €917 | -€400 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €102,320 | €80,513 | -€21,807 | -21.3% |
| Income taxes | 67/77 | €28,431 | €16,376 | -€12,054 | -42.4% |
| Profit (loss) for the period | 9904 | €73,889 | €64,136 | -€9,753 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,889 | €64,136 | -€9,753 | -13.2% |
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 6 October 2026 via checked.be.