DYNAMIC 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.
What changed
DYNAMIC CONSTRUCT
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€105,333
2024 · -€44,027-€61,306
Equity
€360,149
2024 · €465,482-€105,333
Cash
€4,896
2024 · €7,797-€2,901
Balance sheet total
€1.1m
2024 · €1.6m-€523,931
Largest movements
Assets
- Stocks and contracts -€330,992
down €330,992 (-42.2%), from €785,181 to €454,189
- Tangible fixed assets -€183,919
down €183,919 (-30.9%), from €595,921 to €412,002
of which Land and buildings: -€196,476
Equity and liabilities
- Current portion of long-term debt -€454,910
down €454,910 (-83.1%), from €547,552 to €92,642
- Reserves -€105,000
down €105,000 (-26.1%), from €402,200 to €297,200
of which Distributable reserves: -€105,000
- Other debts +€42,272
up €42,272 (+13.6%), from €309,929 to €352,202
- Debts after one year -€37,642
down €37,642 (-19.3%), from €195,323 to €157,682
- Advances received +€35,000
new in 2025: €35,000
Income statement
- Write-downs +€350,678
new in 2025: €350,678
- Gross operating margin +€329,721
up €329,721, from -€33,697 to €296,024
- Provisions +€35,000
no longer reported in 2025 (was -€35,000)
- Financial charges +€21,148
up €21,148 (+611%), from €3,462 to €24,610
- Other operating charges -€8,120
down €8,120 (-52.3%), from €15,516 to €7,396
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.
Result 2024
-€44,027
Gross operating margin
+€329,721
Depreciation
+€7,018
Write-downs
-€350,678
Provisions
-€35,000
Other operating charges
+€8,120
Financial income
+€34
Financial charges
-€21,148
Taxes
+€628
Result 2025
-€105,333
raises the resultlowers the result
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.
From operations
+€323,868
Investment
+€165,783
Financing
-€492,552
Cash 2024
€7,797
From operations (derived)
+€323,868
Net result for the year
-€105,333
Depreciation
+€18,137
Stocks and contracts
+€330,992
Receivables within one year
+€7,013
Deferred charges and accrued income
-€895
Trade debts
-€12,924
Tax, wage and social debts
-€7,647
Advances received
+€35,000
Other debts
+€42,272
Accrued charges and deferred income
+€17,252
Investment (derived)
+€165,783
Investment in fixed assets (net)
+€165,783
Financing
-€492,552
Debts after one year
-€37,642
Current portion of long-term debt
-€454,910
Cash 2025
€4,896
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,593,154 | €1,069,222 | -€523,931 | -32.9% |
| Fixed assets | 21/28 | €595,921 | €412,002 | -€183,919 | -30.9% |
| Tangible fixed assets | 22/27 | €595,921 | €412,002 | -€183,919 | -30.9% |
| Land and buildings | 22 | €587,045 | €390,569 | -€196,476 | -33.5% |
| Plant, machinery and equipment | 23 | €251 | - | -€251 | |
| Furniture and vehicles | 24 | - | €1,665 | +€1,665 | |
| Other tangible fixed assets | 26 | €8,625 | €19,767 | +€11,143 | +129% |
| Current assets | 29/58 | €997,232 | €657,220 | -€340,012 | -34.1% |
| Stocks and contracts in progress | 3 | €785,181 | €454,189 | -€330,992 | -42.2% |
| Stocks | 30/36 | €785,181 | €454,189 | -€330,992 | -42.2% |
| Amounts receivable within one year | 40/41 | €204,254 | €197,240 | -€7,013 | -3.4% |
| Trade receivables | 40 | €7,883 | €4,972 | -€2,911 | -36.9% |
| Other amounts receivable | 41 | €196,370 | €192,269 | -€4,102 | -2.1% |
| Cash at bank and in hand | 54/58 | €7,797 | €4,896 | -€2,901 | -37.2% |
| Deferred charges and accrued income | 490/1 | - | €895 | +€895 | |
| Total equity and liabilities | 10/49 | €1,593,154 | €1,069,222 | -€523,931 | -32.9% |
| Equity | 10/15 | €465,482 | €360,149 | -€105,333 | -22.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Contributions outside capital | 11 | €62,000 | - | -€62,000 | |
| Other | 1109/19 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €402,200 | €297,200 | -€105,000 | -26.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | - | €6,200 | +€6,200 | |
| Reserves not available under the articles | 1311 | €6,200 | - | -€6,200 | |
| Tax-exempt reserves | 132 | €10,450 | €10,450 | = | 0.0% |
| Distributable reserves | 133 | €385,550 | €280,550 | -€105,000 | -27.2% |
| Profit (loss) carried forward | 14 | €1,282 | €949 | -€333 | -26.0% |
| Amounts payable | 17/49 | €1,127,671 | €709,073 | -€418,598 | -37.1% |
| Amounts payable after more than one year | 17 | €195,323 | €157,682 | -€37,642 | -19.3% |
| Financial debts | 170/4 | €195,323 | €157,682 | -€37,642 | -19.3% |
| Amounts payable within one year | 42/48 | €932,348 | €534,140 | -€398,209 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €547,552 | €92,642 | -€454,910 | -83.1% |
| Trade debts | 44 | €66,650 | €53,726 | -€12,924 | -19.4% |
| Suppliers | 440/4 | €66,650 | €53,726 | -€12,924 | -19.4% |
| Advances received on contracts in progress | 46 | - | €35,000 | +€35,000 | |
| Taxes, remuneration and social security | 45 | €8,217 | €570 | -€7,647 | -93.1% |
| Taxes | 450/3 | €8,217 | €570 | -€7,647 | -93.1% |
| Other amounts payable | 47/48 | €309,929 | €352,202 | +€42,272 | +13.6% |
| Accrued charges and deferred income | 492/3 | - | €17,252 | +€17,252 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,154 | €18,137 | -€7,018 | -27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €350,678 | +€350,678 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€35,000 | - | +€35,000 | |
| Other operating charges | 640/8 | €15,516 | €7,396 | -€8,120 | -52.3% |
| Gross operating margin | 9900 | -€33,697 | €296,024 | +€329,721 | |
| Operating profit (loss) | 9901 | -€39,367 | -€80,187 | -€40,820 | -104% |
| Financial income | 75/76B | - | €34 | +€34 | |
| Recurring financial income | 75 | - | €34 | +€34 | |
| Financial charges | 65/66B | €3,462 | €24,610 | +€21,148 | +611% |
| Recurring financial charges | 65 | €3,462 | €24,610 | +€21,148 | +611% |
| Profit (loss) for the period before taxes | 9903 | -€42,830 | -€104,763 | -€61,934 | -145% |
| Income taxes | 67/77 | €1,197 | €570 | -€628 | -52.4% |
| Profit (loss) for the period | 9904 | -€44,027 | -€105,333 | -€61,306 | -139% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,027 | -€105,333 | -€61,306 | -139% |
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 14 October 2026 via checked.be.