D.C. Projects: what changed
What changed
D.C. Projects
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€15,786
2024 · -€4,076-€11,710
Equity
€347,390
2024 · €363,176-€15,786
Cash
€252,977
2024 · €25,133+€227,843
Balance sheet total
€1.7m
2024 · €660,231+€1.0m
Largest movements
Assets
- Stocks and contracts +€777,208
up €777,208 (+200%), from €389,309 to €1.2m
- Cash +€227,843
up €227,843 (+907%), from €25,133 to €252,977
mainly Short-term financial debts (+€776,943) and Advances received (+€149,286)
- Receivables within one year +€22,296
up €22,296 (+9.3%), from €240,954 to €263,250
of which Trade receivables: +€59,550
Equity and liabilities
- Short-term financial debts +€776,943
new in 2025: €776,943
- Advances received +€149,286
new in 2025: €149,286
- Trade debts -€145,658
down €145,658 (-70.5%), from €206,560 to €60,902
- Debts after one year +€125,000
up €125,000 (+250%), from €50,000 to €175,000
- Other debts +€61,340
up €61,340 (+1,194%), from €5,138 to €66,478
Income statement
- Gross operating margin -€12,688
down €12,688 (-270%), from -€4,691 to -€17,379
- Financial income +€2,998
up €2,998 (+74.8%), from €4,008 to €7,006
- Taxes +€2,382
new in 2025: €2,382
- Financial charges +€492
up €492 (+50.2%), from €980 to €1,472
- Depreciation -€479
down €479 (-43.5%), from €1,100 to €621
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€4,076
Gross operating margin
-€12,688
Depreciation
+€479
Other operating charges
+€375
Financial income
+€2,998
Financial charges
-€492
Taxes
-€2,382
Result 2025
-€15,786
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€724,100
Investment
€0
Financing
+€951,943
Cash 2024
€25,133
From operations (derived)
-€724,100
Net result for the year
-€15,786
Depreciation
+€621
Stocks and contracts
-€777,208
Receivables within one year
-€22,296
Deferred charges and accrued income
-€3,038
Trade debts
-€145,658
Tax, wage and social debts
+€12,548
Advances received
+€149,286
Other debts
+€61,340
Accrued charges and deferred income
+€16,091
Financing
+€951,943
Debts after one year
+€125,000
Current portion of long-term debt
+€50,000
Short-term financial debts
+€776,943
Cash 2025
€252,977
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €660,231 | €1,689,996 | +€1.0m | +156% |
| Fixed assets | 21/28 | €802 | €181 | -€621 | -77.4% |
| Intangible fixed assets | 21 | €331 | €181 | -€150 | -45.3% |
| Tangible fixed assets | 22/27 | €471 | - | -€471 | |
| Plant, machinery and equipment | 23 | €471 | - | -€471 | |
| Current assets | 29/58 | €659,429 | €1,689,815 | +€1.0m | +156% |
| Stocks and contracts in progress | 3 | €389,309 | €1,166,517 | +€777,208 | +200% |
| Stocks | 30/36 | €389,309 | €1,166,517 | +€777,208 | +200% |
| Amounts receivable within one year | 40/41 | €240,954 | €263,250 | +€22,296 | +9.3% |
| Trade receivables | 40 | €11,380 | €70,930 | +€59,550 | +523% |
| Other amounts receivable | 41 | €229,574 | €192,320 | -€37,254 | -16.2% |
| Cash at bank and in hand | 54/58 | €25,133 | €252,977 | +€227,843 | +907% |
| Deferred charges and accrued income | 490/1 | €4,033 | €7,071 | +€3,038 | +75.3% |
| Total equity and liabilities | 10/49 | €660,231 | €1,689,996 | +€1.0m | +156% |
| Equity | 10/15 | €363,176 | €347,390 | -€15,786 | -4.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €263,176 | €247,390 | -€15,786 | -6.0% |
| Tax-exempt reserves | 132 | €19,864 | €19,864 | = | 0.0% |
| Distributable reserves | 133 | €243,312 | €227,526 | -€15,786 | -6.5% |
| Amounts payable | 17/49 | €297,055 | €1,342,606 | +€1.0m | +352% |
| Amounts payable after more than one year | 17 | €50,000 | €175,000 | +€125,000 | +250% |
| Financial debts | 170/4 | €50,000 | €175,000 | +€125,000 | +250% |
| Amounts payable within one year | 42/48 | €246,564 | €1,151,024 | +€904,460 | +367% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | - | €776,943 | +€776,943 | |
| Credit institutions | 430/8 | - | €776,943 | +€776,943 | |
| Trade debts | 44 | €206,560 | €60,902 | -€145,658 | -70.5% |
| Suppliers | 440/4 | €206,560 | €60,902 | -€145,658 | -70.5% |
| Advances received on contracts in progress | 46 | - | €149,286 | +€149,286 | |
| Taxes, remuneration and social security | 45 | €34,866 | €47,414 | +€12,548 | +36.0% |
| Taxes | 450/3 | €34,866 | €47,414 | +€12,548 | +36.0% |
| Other amounts payable | 47/48 | €5,138 | €66,478 | +€61,340 | +1,194% |
| Accrued charges and deferred income | 492/3 | €491 | €16,582 | +€16,091 | +3,277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €621 | -€479 | -43.5% |
| Other operating charges | 640/8 | €1,313 | €938 | -€375 | -28.6% |
| Gross operating margin | 9900 | -€4,691 | -€17,379 | -€12,688 | -270% |
| Operating profit (loss) | 9901 | -€7,104 | -€18,938 | -€11,834 | -167% |
| Financial income | 75/76B | €4,008 | €7,006 | +€2,998 | +74.8% |
| Recurring financial income | 75 | €4,008 | €7,006 | +€2,998 | +74.8% |
| Financial charges | 65/66B | €980 | €1,472 | +€492 | +50.2% |
| Recurring financial charges | 65 | €980 | €1,472 | +€492 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,076 | -€13,404 | -€9,328 | -229% |
| Income taxes | 67/77 | - | €2,382 | +€2,382 | |
| Profit (loss) for the period | 9904 | -€4,076 | -€15,786 | -€11,710 | -287% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,076 | -€15,786 | -€11,710 | -287% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.