D.A project: 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.
D.A project
Largest movements
- Cash +€34,981
up €34,981 (+64.0%), from €54,674 to €89,655
mainly Net result for the year (+€42,675) and Advances received (+€2,010)
- Financial fixed assets +€2,775
up €2,775 (+206.5%), from €1,344 to €4,119
- Receivables within one year +€2,255
up €2,255 (+36.1%), from €6,254 to €8,509
of which Trade receivables: +€1,152
- Deferred charges and accrued income -€1,052
no longer reported in 2025 (was €1,052)
- Profit (loss) carried forward +€41,842
up €41,842 (+214.7%), from €19,486 to €61,328
- Other debts -€9,321
down €9,321 (-70.6%), from €13,200 to €3,880
- Advances received +€2,010
up €2,010 (+13.2%), from €15,220 to €17,230
- Current portion of long-term debt +€1,667
new in 2025: €1,667
- Tax, wage and social debts +€1,653
up €1,653 (+31.5%), from €5,251 to €6,905
- Gross operating margin +€32,225
up €32,225 (+119.7%), from €26,930 to €59,155
- Taxes +€9,286
up €9,286 (+176.8%), from €5,251 to €14,538
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 | €65,417 | €103,381 | +€37,964 | +58.0% |
| Fixed assets | 21/28 | €3,437 | €5,217 | +€1,780 | +51.8% |
| Tangible fixed assets | 22/27 | €2,094 | €1,098 | -€995 | -47.5% |
| Furniture and vehicles | 24 | €2,094 | €1,098 | -€995 | -47.5% |
| Financial fixed assets | 28 | €1,344 | €4,119 | +€2,775 | +206.5% |
| Current assets | 29/58 | €61,980 | €98,164 | +€36,184 | +58.4% |
| Amounts receivable within one year | 40/41 | €6,254 | €8,509 | +€2,255 | +36.1% |
| Trade receivables | 40 | €3,969 | €5,121 | +€1,152 | +29.0% |
| Other amounts receivable | 41 | €2,285 | €3,388 | +€1,103 | +48.3% |
| Cash at bank and in hand | 54/58 | €54,674 | €89,655 | +€34,981 | +64.0% |
| Deferred charges and accrued income | 490/1 | €1,052 | - | -€1,052 | |
| Total equity and liabilities | 10/49 | €65,417 | €103,381 | +€37,964 | +58.0% |
| Equity | 10/15 | €29,486 | €71,328 | +€41,842 | +141.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,486 | €61,328 | +€41,842 | +214.7% |
| Amounts payable | 17/49 | €35,931 | €32,053 | -€3,878 | -10.8% |
| Amounts payable within one year | 42/48 | €35,931 | €32,053 | -€3,878 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,667 | +€1,667 | |
| Trade debts | 44 | €2,260 | €2,372 | +€113 | +5.0% |
| Suppliers | 440/4 | €2,260 | €2,372 | +€113 | +5.0% |
| Advances received on contracts in progress | 46 | €15,220 | €17,230 | +€2,010 | +13.2% |
| Taxes, remuneration and social security | 45 | €5,251 | €6,905 | +€1,653 | +31.5% |
| Taxes | 450/3 | €5,251 | €6,905 | +€1,653 | +31.5% |
| Other amounts payable | 47/48 | €13,200 | €3,880 | -€9,321 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €893 | €995 | +€102 | +11.5% |
| Other operating charges | 640/8 | €180 | €186 | +€6 | +3.1% |
| Non-recurring operating charges | 66A | - | €952 | +€952 | |
| Gross operating margin | 9900 | €26,930 | €59,155 | +€32,225 | +119.7% |
| Operating profit (loss) | 9901 | €25,857 | €57,022 | +€31,165 | +120.5% |
| Financial income | 75/76B | - | €357 | +€357 | |
| Recurring financial income | 75 | - | €357 | +€357 | |
| Financial charges | 65/66B | €286 | €166 | -€120 | -42.0% |
| Recurring financial charges | 65 | €286 | €166 | -€120 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €25,571 | €57,213 | +€31,642 | +123.7% |
| Income taxes | 67/77 | €5,251 | €14,538 | +€9,286 | +176.8% |
| Profit (loss) for the period | 9904 | €20,319 | €42,675 | +€22,356 | +110.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,319 | €42,675 | +€22,356 | +110.0% |
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 10 October 2026 via checked.be.