D&C Projectontwikkeling: 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&C Projectontwikkeling
Largest movements
- Stocks and contracts -€253,044
no longer reported in 2025 (was €253,044)
- Receivables within one year +€75,689
up €75,689 (+405%), from €18,687 to €94,376
of which Trade receivables: +€79,297
- Cash +€57,019
up €57,019 (+215%), from €26,549 to €83,568
mainly Stocks and contracts (+€253,044) and Net result for the year (+€118,049)
- Tangible fixed assets +€34,729
up €34,729 (+279%), from €12,470 to €47,198
of which Plant, machinery and equipment: +€30,821
- Debts after one year -€215,500
down €215,500 (-86.0%), from €250,500 to €35,000
- Reserves +€118,049
up €118,049 (+53,063%), from €222 to €118,271
- Tax, wage and social debts +€35,984
up €35,984 (+808%), from €4,455 to €40,439
of which Taxes: +€33,334
- Trade debts -€22,285
down €22,285 (-73.9%), from €30,156 to €7,870
- Other debts +€14,078
up €14,078 (+1,606%), from €877 to €14,955
- Gross operating margin +€155,292
up €155,292 (+402%), from €38,622 to €193,914
- Taxes +€55,271
up €55,271 (+6,610%), from €836 to €56,107
- Financial charges -€11,215
down €11,215 (-65.9%), from €17,016 to €5,802
- Other operating charges +€6,491
up €6,491 (+3,730%), from €174 to €6,665
- Depreciation +€4,037
up €4,037 (+119%), from €3,394 to €7,430
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,223 | €226,535 | -€84,688 | -27.2% |
| Fixed assets | 21/28 | €12,470 | €47,198 | +€34,729 | +279% |
| Tangible fixed assets | 22/27 | €12,470 | €47,198 | +€34,729 | +279% |
| Land and buildings | 22 | €4,416 | €2,886 | -€1,530 | -34.6% |
| Plant, machinery and equipment | 23 | €3,174 | €33,995 | +€30,821 | +971% |
| Furniture and vehicles | 24 | €4,879 | €10,317 | +€5,438 | +111% |
| Current assets | 29/58 | €298,754 | €179,337 | -€119,417 | -40.0% |
| Stocks and contracts in progress | 3 | €253,044 | - | -€253,044 | |
| Stocks | 30/36 | €253,044 | - | -€253,044 | |
| Amounts receivable within one year | 40/41 | €18,687 | €94,376 | +€75,689 | +405% |
| Trade receivables | 40 | €15,079 | €94,376 | +€79,297 | +526% |
| Other amounts receivable | 41 | €3,607 | - | -€3,607 | |
| Cash at bank and in hand | 54/58 | €26,549 | €83,568 | +€57,019 | +215% |
| Deferred charges and accrued income | 490/1 | €474 | €1,393 | +€919 | +194% |
| Total equity and liabilities | 10/49 | €311,223 | €226,535 | -€84,688 | -27.2% |
| Equity | 10/15 | €10,222 | €128,271 | +€118,049 | +1,155% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €222 | €118,271 | +€118,049 | +53,063% |
| Distributable reserves | 133 | €222 | €118,271 | +€118,049 | +53,063% |
| Amounts payable | 17/49 | €301,001 | €98,264 | -€202,737 | -67.4% |
| Amounts payable after more than one year | 17 | €250,500 | €35,000 | -€215,500 | -86.0% |
| Financial debts | 170/4 | €250,500 | €35,000 | -€215,500 | -86.0% |
| Amounts payable within one year | 42/48 | €40,363 | €63,264 | +€22,901 | +56.7% |
| Trade debts | 44 | €30,156 | €7,870 | -€22,285 | -73.9% |
| Suppliers | 440/4 | €30,156 | €7,870 | -€22,285 | -73.9% |
| Advances received on contracts in progress | 46 | €4,876 | - | -€4,876 | |
| Taxes, remuneration and social security | 45 | €4,455 | €40,439 | +€35,984 | +808% |
| Taxes | 450/3 | €4,455 | €37,789 | +€33,334 | +748% |
| Remuneration and social security | 454/9 | - | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €877 | €14,955 | +€14,078 | +1,606% |
| Accrued charges and deferred income | 492/3 | €10,137 | - | -€10,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,394 | €7,430 | +€4,037 | +119% |
| Other operating charges | 640/8 | €174 | €6,665 | +€6,491 | +3,730% |
| Gross operating margin | 9900 | €38,622 | €193,914 | +€155,292 | +402% |
| Operating profit (loss) | 9901 | €35,054 | €179,819 | +€144,765 | +413% |
| Financial income | 75/76B | €109 | €139 | +€29 | +26.9% |
| Recurring financial income | 75 | €109 | €139 | +€29 | +26.9% |
| Financial charges | 65/66B | €17,016 | €5,802 | -€11,215 | -65.9% |
| Recurring financial charges | 65 | €17,016 | €5,802 | -€11,215 | -65.9% |
| Profit (loss) for the period before taxes | 9903 | €18,147 | €174,156 | +€156,009 | +860% |
| Income taxes | 67/77 | €836 | €56,107 | +€55,271 | +6,610% |
| Profit (loss) for the period | 9904 | €17,311 | €118,049 | +€100,738 | +582% |
| Profit (loss) for the period to be appropriated | 9905 | €17,311 | €118,049 | +€100,738 | +582% |
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 30 October 2026 via checked.be.