DVM 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.
DVM CONSTRUCT
Largest movements
- Cash +€625,029
up €625,029 (+2182.1%), from €28,644 to €653,672
mainly Receivables within one year (+€616,063) and Investment in fixed assets (net) (+€525,992)
- Receivables within one year -€616,063
down €616,063 (-69.2%), from €890,650 to €274,587
of which Trade receivables: -€401,418
- Tangible fixed assets -€572,377
down €572,377 (-55.1%), from €1.0m to €466,108
of which Furniture and vehicles: -€379,103
- Stocks and contracts -€29,894
down €29,894 (-13.6%), from €220,000 to €190,106
- Trade debts -€339,217
down €339,217 (-98.5%), from €344,525 to €5,308
- Debts after one year -€173,000
down €173,000 (-10.5%), from €1.6m to €1.5m
- Profit (loss) carried forward -€86,214
down €86,214, from €24,552 to -€61,662
- Current portion of long-term debt -€22,907
down €22,907 (-100.0%), from €22,907 to €0
- Gross operating margin -€69,661
down €69,661 (-61.8%), from €112,743 to €43,082
- Other operating charges +€34,905
up €34,905 (+79.6%), from €43,876 to €78,781
- Depreciation -€26,183
down €26,183 (-36.1%), from €72,567 to €46,385
- Financial charges -€1,347
down €1,347 (-26.0%), from €5,181 to €3,834
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 | €2,201,554 | €1,600,014 | -€601,540 | -27.3% |
| Fixed assets | 21/28 | €1,038,715 | €466,338 | -€572,377 | -55.1% |
| Tangible fixed assets | 22/27 | €1,038,485 | €466,108 | -€572,377 | -55.1% |
| Plant, machinery and equipment | 23 | €232,991 | €39,717 | -€193,274 | -83.0% |
| Furniture and vehicles | 24 | €805,494 | €426,391 | -€379,103 | -47.1% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €1,162,839 | €1,133,675 | -€29,164 | -2.5% |
| Stocks and contracts in progress | 3 | €220,000 | €190,106 | -€29,894 | -13.6% |
| Stocks | 30/36 | €220,000 | €190,106 | -€29,894 | -13.6% |
| Amounts receivable within one year | 40/41 | €890,650 | €274,587 | -€616,063 | -69.2% |
| Trade receivables | 40 | €630,748 | €229,330 | -€401,418 | -63.6% |
| Other amounts receivable | 41 | €259,902 | €45,257 | -€214,645 | -82.6% |
| Cash at bank and in hand | 54/58 | €28,644 | €653,672 | +€625,029 | +2182.1% |
| Deferred charges and accrued income | 490/1 | €23,545 | €15,309 | -€8,236 | -35.0% |
| Total equity and liabilities | 10/49 | €2,201,554 | €1,600,014 | -€601,540 | -27.3% |
| Equity | 10/15 | €74,552 | -€11,662 | -€86,214 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,552 | -€61,662 | -€86,214 | |
| Amounts payable | 17/49 | €2,127,002 | €1,611,676 | -€515,327 | -24.2% |
| Amounts payable after more than one year | 17 | €1,642,576 | €1,469,576 | -€173,000 | -10.5% |
| Financial debts | 170/4 | €1,642,576 | €1,469,576 | -€173,000 | -10.5% |
| Amounts payable within one year | 42/48 | €484,417 | €142,099 | -€342,318 | -70.7% |
| Current portion of amounts payable after more than one year | 42 | €22,907 | €0 | -€22,907 | -100.0% |
| Trade debts | 44 | €344,525 | €5,308 | -€339,217 | -98.5% |
| Suppliers | 440/4 | €344,525 | €5,308 | -€339,217 | -98.5% |
| Taxes, remuneration and social security | 45 | €545 | €15,135 | +€14,589 | +2675.5% |
| Taxes | 450/3 | €545 | €15,135 | +€14,589 | +2675.5% |
| Other amounts payable | 47/48 | €116,439 | €121,657 | +€5,217 | +4.5% |
| Accrued charges and deferred income | 492/3 | €9 | €0 | -€9 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,567 | €46,385 | -€26,183 | -36.1% |
| Other operating charges | 640/8 | €43,876 | €78,781 | +€34,905 | +79.6% |
| Gross operating margin | 9900 | €112,743 | €43,082 | -€69,661 | -61.8% |
| Operating profit (loss) | 9901 | -€3,700 | -€82,084 | -€78,384 | -2118.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,181 | €3,834 | -€1,347 | -26.0% |
| Recurring financial charges | 65 | €5,181 | €3,834 | -€1,347 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,882 | -€85,918 | -€77,037 | -867.4% |
| Income taxes | 67/77 | €350 | €296 | -€54 | -15.5% |
| Profit (loss) for the period | 9904 | -€9,232 | -€86,214 | -€76,982 | -833.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,232 | -€86,214 | -€76,982 | -833.9% |
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 9 October 2026 via checked.be.