D&C PROJECTS: 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 PROJECTS
Largest movements
- Stocks and contracts +€56,610
up €56,610 (+4.5%), from €1.2m to €1.3m
- Receivables within one year +€33,916
up €33,916 (+16.7%), from €202,877 to €236,793
of which Trade receivables: +€72,988
- Profit (loss) carried forward +€101,845
up €101,845 (+88.9%), from -€114,583 to -€12,738
- Financial charges -€65,472
down €65,472 (-98.3%), from €66,578 to €1,106
- Gross operating margin +€52,400
up €52,400 (+82.2%), from €63,708 to €116,108
- Staff costs -€48,022
down €48,022 (-95.8%), from €50,108 to €2,086
- Other operating charges -€5,570
down €5,570 (-33.5%), from €16,639 to €11,070
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 | €1,448,642 | €1,541,737 | +€93,094 | +6.4% |
| Current assets | 29/58 | €1,448,642 | €1,541,737 | +€93,094 | +6.4% |
| Stocks and contracts in progress | 3 | €1,244,716 | €1,301,326 | +€56,610 | +4.5% |
| Stocks | 30/36 | €1,244,716 | €1,301,326 | +€56,610 | +4.5% |
| Amounts receivable within one year | 40/41 | €202,877 | €236,793 | +€33,916 | +16.7% |
| Trade receivables | 40 | €135,514 | €208,502 | +€72,988 | +53.9% |
| Other amounts receivable | 41 | €67,363 | €28,290 | -€39,073 | -58.0% |
| Cash at bank and in hand | 54/58 | €1,049 | €3,618 | +€2,569 | +245% |
| Total equity and liabilities | 10/49 | €1,448,642 | €1,541,737 | +€93,094 | +6.4% |
| Equity | 10/15 | -€94,583 | €7,262 | +€101,845 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,583 | -€12,738 | +€101,845 | +88.9% |
| Amounts payable | 17/49 | €1,543,226 | €1,534,474 | -€8,751 | -0.6% |
| Amounts payable within one year | 42/48 | €1,527,991 | €1,522,880 | -€5,111 | -0.3% |
| Financial debts | 43 | €759,371 | €757,000 | -€2,371 | -0.3% |
| Credit institutions | 430/8 | €759,371 | €757,000 | -€2,371 | -0.3% |
| Trade debts | 44 | €29,877 | €24,407 | -€5,469 | -18.3% |
| Suppliers | 440/4 | €29,877 | €24,407 | -€5,469 | -18.3% |
| Taxes, remuneration and social security | 45 | €31,642 | €45,871 | +€14,229 | +45.0% |
| Taxes | 450/3 | €29,373 | €45,528 | +€16,155 | +55.0% |
| Remuneration and social security | 454/9 | €2,269 | €343 | -€1,926 | -84.9% |
| Other amounts payable | 47/48 | €707,102 | €695,602 | -€11,500 | -1.6% |
| Accrued charges and deferred income | 492/3 | €15,234 | €11,594 | -€3,640 | -23.9% |
| Remuneration, social security and pensions | 62 | €50,108 | €2,086 | -€48,022 | -95.8% |
| Other operating charges | 640/8 | €16,639 | €11,070 | -€5,570 | -33.5% |
| Gross operating margin | 9900 | €63,708 | €116,108 | +€52,400 | +82.2% |
| Operating profit (loss) | 9901 | -€3,039 | €102,952 | +€105,991 | |
| Financial income | 75/76B | €792 | €0 | -€792 | -100.0% |
| Recurring financial income | 75 | €792 | €0 | -€792 | -100.0% |
| Financial charges | 65/66B | €66,578 | €1,106 | -€65,472 | -98.3% |
| Recurring financial charges | 65 | €66,578 | €1,106 | -€65,472 | -98.3% |
| Profit (loss) for the period before taxes | 9903 | -€68,825 | €101,845 | +€170,671 | |
| Profit (loss) for the period | 9904 | -€68,825 | €101,845 | +€170,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,825 | €101,845 | +€170,671 |
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 15 October 2026 via checked.be.