D&C PROJECTWERKEN: 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 PROJECTWERKEN
Largest movements
- Stocks and contracts +€65,000
new in 2025: €65,000
- Receivables within one year +€23,887
up €23,887 (+27.2%), from €87,768 to €111,654
of which Trade receivables: +€30,036
- Cash +€13,055
up €13,055 (+2,397%), from €545 to €13,600
mainly Net result for the year (+€38,232) and Tax, wage and social debts (+€23,374)
- Reserves +€38,232
up €38,232 (+353%), from €10,825 to €49,056
- Tax, wage and social debts +€23,374
up €23,374 (+864%), from €2,706 to €26,080
- Other debts +€18,051
up €18,051 (+4,474%), from €404 to €18,455
- Trade debts +€14,548
up €14,548 (+70.3%), from €20,689 to €35,237
- Advances received +€7,737
up €7,737 (+23.0%), from €33,689 to €41,426
- Gross operating margin +€40,715
up €40,715 (+501%), from €8,134 to €48,849
- Taxes +€8,197
up €8,197 (+585%), from €1,400 to €9,597
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 | €88,312 | €190,254 | +€101,942 | +115% |
| Current assets | 29/58 | €88,312 | €190,254 | +€101,942 | +115% |
| Stocks and contracts in progress | 3 | - | €65,000 | +€65,000 | |
| Contracts in progress | 37 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | €87,768 | €111,654 | +€23,887 | +27.2% |
| Trade receivables | 40 | €81,618 | €111,654 | +€30,036 | +36.8% |
| Other amounts receivable | 41 | €6,150 | - | -€6,150 | |
| Cash at bank and in hand | 54/58 | €545 | €13,600 | +€13,055 | +2,397% |
| Total equity and liabilities | 10/49 | €88,312 | €190,254 | +€101,942 | +115% |
| Equity | 10/15 | €30,825 | €69,056 | +€38,232 | +124% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,825 | €49,056 | +€38,232 | +353% |
| Distributable reserves | 133 | €10,825 | €49,056 | +€38,232 | +353% |
| Amounts payable | 17/49 | €57,488 | €121,197 | +€63,710 | +111% |
| Amounts payable within one year | 42/48 | €57,488 | €121,197 | +€63,710 | +111% |
| Trade debts | 44 | €20,689 | €35,237 | +€14,548 | +70.3% |
| Suppliers | 440/4 | €20,689 | €35,237 | +€14,548 | +70.3% |
| Advances received on contracts in progress | 46 | €33,689 | €41,426 | +€7,737 | +23.0% |
| Taxes, remuneration and social security | 45 | €2,706 | €26,080 | +€23,374 | +864% |
| Taxes | 450/3 | €2,706 | €26,080 | +€23,374 | +864% |
| Other amounts payable | 47/48 | €404 | €18,455 | +€18,051 | +4,474% |
| Other operating charges | 640/8 | €534 | €520 | -€14 | -2.6% |
| Gross operating margin | 9900 | €8,134 | €48,849 | +€40,715 | +501% |
| Operating profit (loss) | 9901 | €7,600 | €48,329 | +€40,729 | +536% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €598 | €500 | -€98 | -16.4% |
| Recurring financial charges | 65 | €598 | €500 | -€98 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €7,002 | €47,829 | +€40,827 | +583% |
| Income taxes | 67/77 | €1,400 | €9,597 | +€8,197 | +585% |
| Profit (loss) for the period | 9904 | €5,602 | €38,232 | +€32,630 | +582% |
| Profit (loss) for the period to be appropriated | 9905 | €5,602 | €38,232 | +€32,630 | +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 21 October 2026 via checked.be.