dvlp. 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.
dvlp. CONSTRUCT
Largest movements
- Receivables after one year +€213,810
up €213,810 (+82.9%), from €257,798 to €471,608
- Financial fixed assets +€93,693
up €93,693 (+299.3%), from €31,307 to €125,000
- Cash -€37,430
down €37,430 (-34.9%), from €107,107 to €69,678
mainly Receivables after one year (-€213,810) and Investment in fixed assets (net) (-€98,711)
- Tangible fixed assets -€20,535
down €20,535 (-17.1%), from €120,161 to €99,626
of which Other tangible fixed assets: -€12,563
- Debts after one year +€234,221
up €234,221 (+48.9%), from €478,510 to €712,731
- Reserves +€63,479
up €63,479 (+27.9%), from €227,651 to €291,130
- Trade debts -€26,007
down €26,007 (-54.1%), from €48,079 to €22,072
- Tax, wage and social debts -€19,294
down €19,294 (-93.7%), from €20,592 to €1,298
of which Remuneration and social security: -€13,687
- Gross operating margin +€157,739
up €157,739, from -€72,191 to €85,548
- Financial income +€72,322
up €72,322 (+2338.1%), from €3,093 to €75,415
- Staff costs -€51,041
down €51,041 (-53.1%), from €96,211 to €45,170
- Financial charges +€14,966
up €14,966 (+150.5%), from €9,943 to €24,909
- Depreciation -€4,128
down €4,128 (-13.9%), from €29,682 to €25,554
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 | €793,682 | €1,046,081 | +€252,399 | +31.8% |
| Fixed assets | 21/28 | €151,468 | €224,626 | +€73,158 | +48.3% |
| Tangible fixed assets | 22/27 | €120,161 | €99,626 | -€20,535 | -17.1% |
| Plant, machinery and equipment | 23 | €161 | - | -€161 | |
| Furniture and vehicles | 24 | €15,230 | €7,418 | -€7,811 | -51.3% |
| Other tangible fixed assets | 26 | €104,770 | €92,208 | -€12,563 | -12.0% |
| Financial fixed assets | 28 | €31,307 | €125,000 | +€93,693 | +299.3% |
| Current assets | 29/58 | €642,214 | €821,455 | +€179,241 | +27.9% |
| Amounts receivable after more than one year | 29 | €257,798 | €471,608 | +€213,810 | +82.9% |
| Other amounts receivable | 291 | €257,798 | €471,608 | +€213,810 | +82.9% |
| Stocks and contracts in progress | 3 | €450 | - | -€450 | |
| Stocks | 30/36 | €450 | - | -€450 | |
| Amounts receivable within one year | 40/41 | €274,904 | €278,683 | +€3,778 | +1.4% |
| Trade receivables | 40 | €210,696 | €253,606 | +€42,910 | +20.4% |
| Other amounts receivable | 41 | €64,209 | €25,077 | -€39,132 | -60.9% |
| Cash at bank and in hand | 54/58 | €107,107 | €69,678 | -€37,430 | -34.9% |
| Deferred charges and accrued income | 490/1 | €1,954 | €1,486 | -€467 | -23.9% |
| Total equity and liabilities | 10/49 | €793,682 | €1,046,081 | +€252,399 | +31.8% |
| Equity | 10/15 | €246,501 | €309,980 | +€63,479 | +25.8% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Reserves | 13 | €227,651 | €291,130 | +€63,479 | +27.9% |
| Distributable reserves | 133 | €227,651 | €291,130 | +€63,479 | +27.9% |
| Amounts payable | 17/49 | €547,181 | €736,101 | +€188,920 | +34.5% |
| Amounts payable after more than one year | 17 | €478,510 | €712,731 | +€234,221 | +48.9% |
| Other amounts payable | 178/9 | €478,510 | €712,731 | +€234,221 | +48.9% |
| Amounts payable within one year | 42/48 | €68,671 | €23,370 | -€45,301 | -66.0% |
| Trade debts | 44 | €48,079 | €22,072 | -€26,007 | -54.1% |
| Suppliers | 440/4 | €48,079 | €22,072 | -€26,007 | -54.1% |
| Taxes, remuneration and social security | 45 | €20,592 | €1,298 | -€19,294 | -93.7% |
| Taxes | 450/3 | €6,905 | €1,298 | -€5,607 | -81.2% |
| Remuneration and social security | 454/9 | €13,687 | - | -€13,687 | |
| Remuneration, social security and pensions | 62 | €96,211 | €45,170 | -€51,041 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,682 | €25,554 | -€4,128 | -13.9% |
| Other operating charges | 640/8 | €3,011 | €1,263 | -€1,749 | -58.1% |
| Non-recurring operating charges | 66A | €495 | - | -€495 | |
| Gross operating margin | 9900 | -€72,191 | €85,548 | +€157,739 | |
| Operating profit (loss) | 9901 | -€201,590 | €13,561 | +€215,151 | |
| Financial income | 75/76B | €3,093 | €75,415 | +€72,322 | +2338.1% |
| Recurring financial income | 75 | €3,093 | €75,415 | +€72,322 | +2338.1% |
| Financial charges | 65/66B | €9,943 | €24,909 | +€14,966 | +150.5% |
| Recurring financial charges | 65 | €9,943 | €24,909 | +€14,966 | +150.5% |
| Profit (loss) for the period before taxes | 9903 | -€208,440 | €64,067 | +€272,507 | |
| Income taxes | 67/77 | €738 | €589 | -€149 | -20.2% |
| Profit (loss) for the period | 9904 | -€209,177 | €63,479 | +€272,656 | |
| Profit (loss) for the period to be appropriated | 9905 | -€209,177 | €63,479 | +€272,656 |
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 5 October 2026 via checked.be.