D.C. PROJECT: 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.
D.C. PROJECT
Largest movements
- Cash +€12,339
up €12,339 (+236.7%), from €5,214 to €17,552
mainly Net result for the year (+€8,644) and Receivables within one year (+€5,080)
- Receivables within one year -€5,080
down €5,080 (-22.2%), from €22,845 to €17,765
- Reserves +€8,644
up €8,644 (+129.1%), from €6,698 to €15,341
of which Distributable reserves: +€7,894
- Gross operating margin +€1,659
up €1,659 (+10.5%), from €15,804 to €17,462
- Taxes +€822
up €822 (+25.6%), from €3,212 to €4,034
- Financial income -€484
down €484 (-47.8%), from €1,013 to €528
- Other operating charges +€307
up €307 (+6.3%), from €4,895 to €5,203
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 | €390,319 | €397,587 | +€7,269 | +1.9% |
| Fixed assets | 21/28 | €361,925 | €361,925 | = | 0.0% |
| Tangible fixed assets | 22/27 | €361,925 | €361,925 | = | 0.0% |
| Land and buildings | 22 | €361,925 | €361,925 | = | 0.0% |
| Current assets | 29/58 | €28,394 | €35,663 | +€7,269 | +25.6% |
| Amounts receivable within one year | 40/41 | €22,845 | €17,765 | -€5,080 | -22.2% |
| Other amounts receivable | 41 | €22,845 | €17,765 | -€5,080 | -22.2% |
| Cash at bank and in hand | 54/58 | €5,214 | €17,552 | +€12,339 | +236.7% |
| Deferred charges and accrued income | 490/1 | €336 | €346 | +€10 | +3.0% |
| Total equity and liabilities | 10/49 | €390,319 | €397,587 | +€7,269 | +1.9% |
| Equity | 10/15 | €384,698 | €393,341 | +€8,644 | +2.2% |
| Contributions | 10/11 | €378,000 | €378,000 | = | 0.0% |
| Capital | 10 | €378,000 | €378,000 | = | 0.0% |
| Issued capital | 100 | €378,000 | €378,000 | = | 0.0% |
| Reserves | 13 | €6,698 | €15,341 | +€8,644 | +129.1% |
| Non-distributable reserves | 130/1 | €1,250 | €2,000 | +€750 | +60.0% |
| Legal reserve | 130 | €1,250 | €2,000 | +€750 | +60.0% |
| Distributable reserves | 133 | €5,448 | €13,341 | +€7,894 | +144.9% |
| Amounts payable | 17/49 | €5,621 | €4,246 | -€1,375 | -24.5% |
| Amounts payable within one year | 42/48 | €5,621 | €4,246 | -€1,375 | -24.5% |
| Taxes, remuneration and social security | 45 | €5,621 | €4,246 | -€1,375 | -24.5% |
| Taxes | 450/3 | €5,621 | €4,246 | -€1,375 | -24.5% |
| Other operating charges | 640/8 | €4,895 | €5,203 | +€307 | +6.3% |
| Gross operating margin | 9900 | €15,804 | €17,462 | +€1,659 | +10.5% |
| Operating profit (loss) | 9901 | €10,909 | €12,260 | +€1,351 | +12.4% |
| Financial income | 75/76B | €1,013 | €528 | -€484 | -47.8% |
| Recurring financial income | 75 | €1,013 | €528 | -€484 | -47.8% |
| Financial charges | 65/66B | €134 | €110 | -€23 | -17.2% |
| Recurring financial charges | 65 | €134 | €110 | -€23 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €11,788 | €12,677 | +€890 | +7.5% |
| Income taxes | 67/77 | €3,212 | €4,034 | +€822 | +25.6% |
| Profit (loss) for the period | 9904 | €8,576 | €8,644 | +€68 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,576 | €8,644 | +€68 | +0.8% |
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 3 October 2026 via checked.be.