DVS Construct & Immo: 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.
DVS Construct & Immo
Largest movements
- Stocks and contracts +€444,085
new in 2025: €444,085
- Receivables within one year -€82,417
down €82,417 (-73.3%), from €112,436 to €30,019
of which Other amounts receivable: -€88,824
- Cash -€72,799
down €72,799 (-28.8%), from €253,130 to €180,331
mainly Stocks and contracts (-€444,085) and Investment in fixed assets (net) (-€20,283)
- Tangible fixed assets -€72,076
down €72,076 (-6.9%), from €1.0m to €969,708
of which Land and buildings: -€60,238
- Reserves +€163,000
up €163,000 (+100.6%), from €162,087 to €325,087
- Debts after one year +€69,483
up €69,483 (+7.0%), from €997,582 to €1.1m
- Other debts +€16,792
new in 2025: €16,792
- Turnover +€824,408
new in 2025: €824,408
- Purchases and services +€412,314
new in 2025: €412,314
- Gross operating margin +€183,601
up €183,601 (+80.4%), from €228,493 to €412,094
- Taxes +€66,756
up €66,756 (+193.5%), from €34,500 to €101,256
- Depreciation +€47,040
up €47,040 (+147.8%), from €31,819 to €78,859
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 | €1,412,933 | €1,642,193 | +€229,260 | +16.2% |
| Fixed assets | 21/28 | €1,041,784 | €983,208 | -€58,576 | -5.6% |
| Tangible fixed assets | 22/27 | €1,041,784 | €969,708 | -€72,076 | -6.9% |
| Land and buildings | 22 | €947,801 | €887,563 | -€60,238 | -6.4% |
| Furniture and vehicles | 24 | €87,459 | €76,379 | -€11,080 | -12.7% |
| Other tangible fixed assets | 26 | €6,524 | €5,766 | -€758 | -11.6% |
| Financial fixed assets | 28 | - | €13,500 | +€13,500 | |
| Current assets | 29/58 | €371,149 | €658,985 | +€287,836 | +77.6% |
| Stocks and contracts in progress | 3 | - | €444,085 | +€444,085 | |
| Stocks | 30/36 | - | €444,085 | +€444,085 | |
| Amounts receivable within one year | 40/41 | €112,436 | €30,019 | -€82,417 | -73.3% |
| Trade receivables | 40 | €19,989 | €26,396 | +€6,407 | +32.1% |
| Other amounts receivable | 41 | €92,447 | €3,623 | -€88,824 | -96.1% |
| Cash at bank and in hand | 54/58 | €253,130 | €180,331 | -€72,799 | -28.8% |
| Deferred charges and accrued income | 490/1 | €5,583 | €4,550 | -€1,033 | -18.5% |
| Total equity and liabilities | 10/49 | €1,412,933 | €1,642,193 | +€229,260 | +16.2% |
| Equity | 10/15 | €315,906 | €479,718 | +€163,812 | +51.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €53,550 | €53,550 | = | 0.0% |
| Reserves | 13 | €162,087 | €325,087 | +€163,000 | +100.6% |
| Distributable reserves | 133 | €162,087 | €325,087 | +€163,000 | +100.6% |
| Profit (loss) carried forward | 14 | €87,869 | €88,681 | +€812 | +0.9% |
| Amounts payable | 17/49 | €1,097,027 | €1,162,475 | +€65,448 | +6.0% |
| Amounts payable after more than one year | 17 | €997,582 | €1,067,065 | +€69,483 | +7.0% |
| Financial debts | 170/4 | €997,582 | €1,067,065 | +€69,483 | +7.0% |
| Amounts payable within one year | 42/48 | €99,445 | €95,410 | -€4,035 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €65,329 | €65,769 | +€440 | +0.7% |
| Trade debts | 44 | €24,616 | €12,549 | -€12,067 | -49.0% |
| Suppliers | 440/4 | €24,616 | €12,549 | -€12,067 | -49.0% |
| Taxes, remuneration and social security | 45 | €9,500 | €300 | -€9,200 | -96.8% |
| Taxes | 450/3 | €9,500 | €300 | -€9,200 | -96.8% |
| Other amounts payable | 47/48 | - | €16,792 | +€16,792 | |
| Turnover | 70 | - | €824,408 | +€824,408 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €412,314 | +€412,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,819 | €78,859 | +€47,040 | +147.8% |
| Other operating charges | 640/8 | €11,108 | €20,942 | +€9,834 | +88.5% |
| Gross operating margin | 9900 | €228,493 | €412,094 | +€183,601 | +80.4% |
| Operating profit (loss) | 9901 | €185,566 | €312,293 | +€126,727 | +68.3% |
| Financial income | 75/76B | - | €1,507 | +€1,507 | |
| Recurring financial income | 75 | - | €1,507 | +€1,507 | |
| Financial charges | 65/66B | €32,289 | €48,732 | +€16,443 | +50.9% |
| Recurring financial charges | 65 | €32,289 | €48,732 | +€16,443 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €153,277 | €265,068 | +€111,791 | +72.9% |
| Income taxes | 67/77 | €34,500 | €101,256 | +€66,756 | +193.5% |
| Profit (loss) for the period | 9904 | €118,777 | €163,812 | +€45,035 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €118,777 | €163,812 | +€45,035 | +37.9% |
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 12 October 2026 via checked.be.