DVZ 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.
DVZ CONSTRUCT
Largest movements
- Cash +€53,435
up €53,435 (+785.7%), from €6,801 to €60,236
mainly Depreciation (+€36,220) and Other debts (+€27,328)
- Receivables within one year +€17,759
up €17,759 (+5.0%), from €355,840 to €373,599
of which Other amounts receivable: +€11,954
- Tangible fixed assets -€13,696
down €13,696 (-16.5%), from €82,778 to €69,082
of which Furniture and vehicles: -€15,793
- Other debts +€27,328
up €27,328 (+53.1%), from €51,512 to €78,840
- Trade debts +€20,301
up €20,301 (+28.0%), from €72,515 to €92,815
- Short-term financial debts -€20,053
down €20,053 (-44.1%), from €45,471 to €25,417
- Reserves +€19,168
up €19,168 (+25.8%), from €74,371 to €93,540
- Debts after one year +€6,183
up €6,183 (+75.2%), from €8,224 to €14,407
- Gross operating margin +€66,515
up €66,515 (+136.6%), from €48,702 to €115,218
- Taxes +€6,786
up €6,786 (+825.3%), from €822 to €7,608
- Financial charges +€6,601
up €6,601 (+77.5%), from €8,516 to €15,117
- Depreciation +€4,575
up €4,575 (+14.5%), from €31,645 to €36,220
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 | €456,606 | €511,120 | +€54,513 | +11.9% |
| Fixed assets | 21/28 | €87,529 | €72,671 | -€14,858 | -17.0% |
| Intangible fixed assets | 21 | €4,616 | €3,304 | -€1,311 | -28.4% |
| Tangible fixed assets | 22/27 | €82,778 | €69,082 | -€13,696 | -16.5% |
| Plant, machinery and equipment | 23 | €25,152 | €32,538 | +€7,386 | +29.4% |
| Furniture and vehicles | 24 | €35,172 | €19,380 | -€15,793 | -44.9% |
| Leasing and similar rights | 25 | €3,144 | - | -€3,144 | |
| Other tangible fixed assets | 26 | €19,310 | €17,164 | -€2,146 | -11.1% |
| Financial fixed assets | 28 | €135 | €285 | +€150 | +111.1% |
| Current assets | 29/58 | €369,078 | €438,449 | +€69,371 | +18.8% |
| Amounts receivable within one year | 40/41 | €355,840 | €373,599 | +€17,759 | +5.0% |
| Trade receivables | 40 | €347,493 | €353,298 | +€5,805 | +1.7% |
| Other amounts receivable | 41 | €8,347 | €20,301 | +€11,954 | +143.2% |
| Cash at bank and in hand | 54/58 | €6,801 | €60,236 | +€53,435 | +785.7% |
| Deferred charges and accrued income | 490/1 | €6,437 | €4,614 | -€1,823 | -28.3% |
| Total equity and liabilities | 10/49 | €456,606 | €511,120 | +€54,513 | +11.9% |
| Equity | 10/15 | €216,792 | €235,961 | +€19,168 | +8.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €74,371 | €93,540 | +€19,168 | +25.8% |
| Distributable reserves | 133 | €74,371 | €93,540 | +€19,168 | +25.8% |
| Profit (loss) carried forward | 14 | €121,970 | €121,970 | = | 0.0% |
| Amounts payable | 17/49 | €239,814 | €275,159 | +€35,345 | +14.7% |
| Amounts payable after more than one year | 17 | €8,224 | €14,407 | +€6,183 | +75.2% |
| Financial debts | 170/4 | €8,224 | €14,407 | +€6,183 | +75.2% |
| Amounts payable within one year | 42/48 | €231,590 | €260,752 | +€29,162 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €3,824 | €4,857 | +€1,033 | +27.0% |
| Financial debts | 43 | €45,471 | €25,417 | -€20,053 | -44.1% |
| Credit institutions | 430/8 | €45,471 | €25,417 | -€20,053 | -44.1% |
| Trade debts | 44 | €72,515 | €92,815 | +€20,301 | +28.0% |
| Suppliers | 440/4 | €72,515 | €92,815 | +€20,301 | +28.0% |
| Taxes, remuneration and social security | 45 | €58,269 | €58,822 | +€553 | +0.9% |
| Taxes | 450/3 | €40,038 | €53,693 | +€13,655 | +34.1% |
| Remuneration and social security | 454/9 | €18,231 | €5,128 | -€13,103 | -71.9% |
| Other amounts payable | 47/48 | €51,512 | €78,840 | +€27,328 | +53.1% |
| Remuneration, social security and pensions | 62 | €1,994 | €1,841 | -€153 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,645 | €36,220 | +€4,575 | +14.5% |
| Other operating charges | 640/8 | €1,441 | €1,368 | -€73 | -5.1% |
| Non-recurring operating charges | 66A | - | €35,254 | +€35,254 | |
| Gross operating margin | 9900 | €48,702 | €115,218 | +€66,515 | +136.6% |
| Operating profit (loss) | 9901 | €13,622 | €40,535 | +€26,913 | +197.6% |
| Financial income | 75/76B | €239 | €1,358 | +€1,119 | +467.6% |
| Recurring financial income | 75 | €239 | €1,358 | +€1,119 | +467.6% |
| Financial charges | 65/66B | €8,516 | €15,117 | +€6,601 | +77.5% |
| Recurring financial charges | 65 | €8,516 | €15,117 | +€6,601 | +77.5% |
| Profit (loss) for the period before taxes | 9903 | €5,346 | €26,776 | +€21,431 | +400.9% |
| Income taxes | 67/77 | €822 | €7,608 | +€6,786 | +825.3% |
| Profit (loss) for the period | 9904 | €4,523 | €19,168 | +€14,645 | +323.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,523 | €19,168 | +€14,645 | +323.8% |
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 8 October 2026 via checked.be.