DVH 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.
DVH CONSTRUCT
Largest movements
- Tangible fixed assets -€75,716
down €75,716 (-35.1%), from €215,738 to €140,023
of which Plant, machinery and equipment: -€66,776
- Receivables within one year -€61,490
down €61,490 (-40.2%), from €153,024 to €91,534
of which Trade receivables: -€50,711
- Cash -€40,130
down €40,130 (-18.3%), from €218,781 to €178,651
mainly Trade debts (-€92,551) and Other debts (-€67,644)
- Trade debts -€92,551
down €92,551 (-90.8%), from €101,924 to €9,373
- Other debts -€67,644
down €67,644 (-93.5%), from €72,311 to €4,668
- Debts after one year -€30,208
down €30,208 (-67.3%), from €44,855 to €14,647
- Reserves +€23,443
up €23,443 (+5.7%), from €413,316 to €436,758
- Current portion of long-term debt -€12,446
down €12,446 (-62.2%), from €20,000 to €7,554
- Gross operating margin +€26,154
up €26,154 (+15.6%), from €167,726 to €193,880
- Staff costs +€24,229
up €24,229 (+46.9%), from €51,648 to €75,877
- Taxes +€10,403
up €10,403 (+8,193%), from €127 to €10,530
- Financial charges -€8,097
down €8,097 (-78.7%), from €10,292 to €2,195
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €661,735 | €484,709 | -€177,026 | -26.8% |
| Fixed assets | 21/28 | €215,738 | €140,023 | -€75,716 | -35.1% |
| Tangible fixed assets | 22/27 | €215,738 | €140,023 | -€75,716 | -35.1% |
| Land and buildings | 22 | €6,336 | €11,684 | +€5,348 | +84.4% |
| Plant, machinery and equipment | 23 | €147,101 | €80,325 | -€66,776 | -45.4% |
| Furniture and vehicles | 24 | €4,448 | €26,323 | +€21,875 | +492% |
| Leasing and similar rights | 25 | €57,853 | €21,690 | -€36,162 | -62.5% |
| Current assets | 29/58 | €445,997 | €344,686 | -€101,310 | -22.7% |
| Amounts receivable after more than one year | 29 | €63,000 | €63,000 | = | 0.0% |
| Other amounts receivable | 291 | €63,000 | €63,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,024 | €91,534 | -€61,490 | -40.2% |
| Trade receivables | 40 | €137,752 | €87,041 | -€50,711 | -36.8% |
| Other amounts receivable | 41 | €15,272 | €4,493 | -€10,779 | -70.6% |
| Cash at bank and in hand | 54/58 | €218,781 | €178,651 | -€40,130 | -18.3% |
| Deferred charges and accrued income | 490/1 | €11,191 | €11,501 | +€310 | +2.8% |
| Total equity and liabilities | 10/49 | €661,735 | €484,709 | -€177,026 | -26.8% |
| Equity | 10/15 | €418,316 | €441,758 | +€23,443 | +5.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €413,316 | €436,758 | +€23,443 | +5.7% |
| Distributable reserves | 133 | €413,316 | €436,758 | +€23,443 | +5.7% |
| Amounts payable | 17/49 | €243,419 | €42,951 | -€200,469 | -82.4% |
| Amounts payable after more than one year | 17 | €44,855 | €14,647 | -€30,208 | -67.3% |
| Financial debts | 170/4 | €44,855 | €14,647 | -€30,208 | -67.3% |
| Amounts payable within one year | 42/48 | €198,564 | €28,304 | -€170,261 | -85.7% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €7,554 | -€12,446 | -62.2% |
| Trade debts | 44 | €101,924 | €9,373 | -€92,551 | -90.8% |
| Suppliers | 440/4 | €101,924 | €9,373 | -€92,551 | -90.8% |
| Taxes, remuneration and social security | 45 | €4,329 | €6,709 | +€2,380 | +55.0% |
| Taxes | 450/3 | €1,189 | €3,808 | +€2,619 | +220% |
| Remuneration and social security | 454/9 | €3,140 | €2,901 | -€239 | -7.6% |
| Other amounts payable | 47/48 | €72,311 | €4,668 | -€67,644 | -93.5% |
| Non-recurring operating income | 76A | €18,964 | €24,368 | +€5,404 | +28.5% |
| Remuneration, social security and pensions | 62 | €51,648 | €75,877 | +€24,229 | +46.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,330 | €75,482 | +€152 | +0.2% |
| Other operating charges | 640/8 | €3,898 | €4,883 | +€985 | +25.3% |
| Non-recurring operating charges | 66A | - | €2,429 | +€2,429 | |
| Gross operating margin | 9900 | €167,726 | €193,880 | +€26,154 | +15.6% |
| Operating profit (loss) | 9901 | €36,850 | €35,207 | -€1,642 | -4.5% |
| Financial income | 75/76B | €1,521 | €960 | -€561 | -36.9% |
| Recurring financial income | 75 | €1,521 | €960 | -€561 | -36.9% |
| Financial charges | 65/66B | €10,292 | €2,195 | -€8,097 | -78.7% |
| Recurring financial charges | 65 | €10,292 | €2,195 | -€8,097 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €28,078 | €33,973 | +€5,895 | +21.0% |
| Income taxes | 67/77 | €127 | €10,530 | +€10,403 | +8,193% |
| Profit (loss) for the period | 9904 | €27,951 | €23,443 | -€4,509 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,951 | €23,443 | -€4,509 | -16.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.