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D.D. 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.

What changed

D.D. Project

BE 0867.030.441
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€121,671
2024 · -€219,587+€341,258
Equity
-€112,536
2024 · -€234,207+€121,671
Cash
€357,883
2024 · €75,446+€282,437
Balance sheet total
€604,349
2024 · €363,064+€241,285

Largest movements

2024 to 2025
Assets
  • Cash +€282,437

    up €282,437 (+374.4%), from €75,446 to €357,883

    mainly Net result for the year (+€121,671) and Other debts (+€64,491)

  • Tangible fixed assets -€29,782

    down €29,782 (-26.2%), from €113,799 to €84,017

    of which Furniture and vehicles: -€23,796

  • Receivables within one year -€23,927

    down €23,927 (-14.3%), from €167,816 to €143,889

    of which Trade receivables: -€47,814

  • Intangible fixed assets +€13,747

    new in 2025: €13,747

Equity and liabilities
  • Profit (loss) carried forward +€121,671

    up €121,671 (+48.1%), from -€252,807 to -€131,136

  • Other debts +€64,491

    up €64,491 (+106.8%), from €60,360 to €124,851

  • Accrued charges and deferred income +€52,258

    up €52,258 (+2356.1%), from €2,218 to €54,476

  • Trade debts +€12,533

    up €12,533 (+2.4%), from €524,957 to €537,489

  • Tax, wage and social debts -€9,668

    down €9,668 (-99.3%), from €9,737 to €69

Income statement
  • Write-downs -€381,641

    down €381,641, from €190,820 to -€190,820

  • Financial charges +€39,635

    up €39,635 (+3013.3%), from €1,315 to €40,950

  • Gross operating margin -€14,013

    down €14,013 (-6.8%), from €206,851 to €192,839

  • Staff costs -€9,197

    down €9,197 (-73.4%), from €12,529 to €3,332

  • Financial income +€6,590

    new in 2025: €6,590

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€219,587
Gross operating margin -€14,013
Staff costs +€9,197
Depreciation -€1,987
Write-downs +€381,641
Other operating charges -€422
Financial income +€6,590
Financial charges -€39,635
Taxes -€114
Result 2025 €121,671

Cash bridge derived

cash 2024 to 2025

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.

From operations +€297,737
Investment -€15,300
Financing €0
Cash 2024 €75,446
Net result for the year +€121,671
Depreciation +€31,336
Receivables within one year +€23,927
Deferred charges and accrued income +€1,189
Trade debts +€12,533
Tax, wage and social debts -€9,668
Other debts +€64,491
Accrued charges and deferred income +€52,258
Investment in fixed assets (net) -€15,300
Cash 2025 €357,883
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €363,064 €604,349 +€241,285 +66.5%
Fixed assets 21/28 €113,799 €97,763 -€16,036 -14.1%
Intangible fixed assets 21 - €13,747 +€13,747
Tangible fixed assets 22/27 €113,799 €84,017 -€29,782 -26.2%
Plant, machinery and equipment 23 €2,701 €1,603 -€1,098 -40.7%
Furniture and vehicles 24 €96,046 €72,251 -€23,796 -24.8%
Other tangible fixed assets 26 €15,051 €10,163 -€4,888 -32.5%
Current assets 29/58 €249,265 €506,586 +€257,321 +103.2%
Amounts receivable within one year 40/41 €167,816 €143,889 -€23,927 -14.3%
Trade receivables 40 €162,115 €114,301 -€47,814 -29.5%
Other amounts receivable 41 €5,701 €29,588 +€23,886 +418.9%
Cash at bank and in hand 54/58 €75,446 €357,883 +€282,437 +374.4%
Deferred charges and accrued income 490/1 €6,003 €4,814 -€1,189 -19.8%
Total equity and liabilities 10/49 €363,064 €604,349 +€241,285 +66.5%
Equity 10/15 -€234,207 -€112,536 +€121,671 +52.0%
Contributions 10/11 €18,600 €18,600 = 0.0%
Profit (loss) carried forward 14 -€252,807 -€131,136 +€121,671 +48.1%
Amounts payable 17/49 €597,271 €716,885 +€119,614 +20.0%
Amounts payable within one year 42/48 €595,053 €662,409 +€67,356 +11.3%
Trade debts 44 €524,957 €537,489 +€12,533 +2.4%
Suppliers 440/4 €524,957 €537,489 +€12,533 +2.4%
Taxes, remuneration and social security 45 €9,737 €69 -€9,668 -99.3%
Taxes 450/3 €9,737 €69 -€9,668 -99.3%
Other amounts payable 47/48 €60,360 €124,851 +€64,491 +106.8%
Accrued charges and deferred income 492/3 €2,218 €54,476 +€52,258 +2356.1%
Remuneration, social security and pensions 62 €12,529 €3,332 -€9,197 -73.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €29,349 €31,336 +€1,987 +6.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 €190,820 -€190,820 -€381,641
Other operating charges 640/8 €192,126 €192,548 +€422 +0.2%
Gross operating margin 9900 €206,851 €192,839 -€14,013 -6.8%
Operating profit (loss) 9901 -€217,973 €156,443 +€374,416
Financial income 75/76B - €6,590 +€6,590
Recurring financial income 75 - €6,590 +€6,590
Financial charges 65/66B €1,315 €40,950 +€39,635 +3013.3%
Recurring financial charges 65 €1,315 €40,950 +€39,635 +3013.3%
Profit (loss) for the period before taxes 9903 -€219,288 €122,083 +€341,371
Income taxes 67/77 €299 €412 +€114 +38.1%
Profit (loss) for the period 9904 -€219,587 €121,671 +€341,258
Profit (loss) for the period to be appropriated 9905 -€219,587 €121,671 +€341,258

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.