D en J-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 en J-PROJECTS
Largest movements
- Tangible fixed assets +€41,807
up €41,807 (+93.6%), from €44,685 to €86,493
of which Plant, machinery and equipment: +€42,074
- Receivables within one year +€24,864
up €24,864 (+85.3%), from €29,166 to €54,030
of which Trade receivables: +€28,709
- Stocks and contracts +€20,226
up €20,226 (+8.6%), from €234,763 to €254,989
- Debts after one year +€63,119
up €63,119 (+23.4%), from €269,574 to €332,693
- Trade debts +€22,305
up €22,305 (+140.9%), from €15,828 to €38,133
- Gross operating margin -€54,761
down €54,761 (-74.7%), from €73,307 to €18,546
- Taxes -€10,108
down €10,108 (-100.0%), from €10,108 to €0
- Depreciation +€4,106
up €4,106 (+50.2%), from €8,181 to €12,287
- Other operating charges -€1,468
down €1,468 (-27.9%), from €5,261 to €3,792
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.
Cash bridge derived
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 | €322,742 | €410,292 | +€87,550 | +27.1% |
| Fixed assets | 21/28 | €44,685 | €86,493 | +€41,807 | +93.6% |
| Tangible fixed assets | 22/27 | €44,685 | €86,493 | +€41,807 | +93.6% |
| Plant, machinery and equipment | 23 | €44,029 | €86,103 | +€42,074 | +95.6% |
| Furniture and vehicles | 24 | €656 | €390 | -€267 | -40.6% |
| Current assets | 29/58 | €278,057 | €323,799 | +€45,742 | +16.5% |
| Stocks and contracts in progress | 3 | €234,763 | €254,989 | +€20,226 | +8.6% |
| Stocks | 30/36 | €234,763 | €254,989 | +€20,226 | +8.6% |
| Amounts receivable within one year | 40/41 | €29,166 | €54,030 | +€24,864 | +85.3% |
| Trade receivables | 40 | €25,321 | €54,030 | +€28,709 | +113.4% |
| Other amounts receivable | 41 | €3,844 | €0 | -€3,844 | -100.0% |
| Cash at bank and in hand | 54/58 | €13,231 | €12,516 | -€716 | -5.4% |
| Deferred charges and accrued income | 490/1 | €897 | €2,265 | +€1,368 | +152.4% |
| Total equity and liabilities | 10/49 | €322,742 | €410,292 | +€87,550 | +27.1% |
| Equity | 10/15 | €23,903 | €24,067 | +€164 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,311 | €5,475 | +€164 | +3.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,452 | €3,616 | +€164 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €298,840 | €386,225 | +€87,385 | +29.2% |
| Amounts payable after more than one year | 17 | €269,574 | €332,693 | +€63,119 | +23.4% |
| Other amounts payable | 178/9 | €269,574 | €332,693 | +€63,119 | +23.4% |
| Amounts payable within one year | 42/48 | €29,265 | €53,532 | +€24,267 | +82.9% |
| Financial debts | 43 | €1,560 | €224 | -€1,336 | -85.6% |
| Credit institutions | 430/8 | €1,560 | €224 | -€1,336 | -85.6% |
| Trade debts | 44 | €15,828 | €38,133 | +€22,305 | +140.9% |
| Suppliers | 440/4 | €15,828 | €38,133 | +€22,305 | +140.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,877 | €15,174 | +€3,297 | +27.8% |
| Taxes | 450/3 | €11,877 | €15,174 | +€3,297 | +27.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,181 | €12,287 | +€4,106 | +50.2% |
| Other operating charges | 640/8 | €5,261 | €3,792 | -€1,468 | -27.9% |
| Non-recurring operating charges | 66A | €1,531 | €0 | -€1,531 | -100.0% |
| Gross operating margin | 9900 | €73,307 | €18,546 | -€54,761 | -74.7% |
| Operating profit (loss) | 9901 | €58,335 | €2,467 | -€55,868 | -95.8% |
| Financial income | 75/76B | €79 | €62 | -€17 | -21.5% |
| Recurring financial income | 75 | €79 | €62 | -€17 | -21.5% |
| Financial charges | 65/66B | €2,627 | €2,365 | -€262 | -10.0% |
| Recurring financial charges | 65 | €2,627 | €2,365 | -€262 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €55,787 | €164 | -€55,623 | -99.7% |
| Income taxes | 67/77 | €10,108 | €0 | -€10,108 | -100.0% |
| Profit (loss) for the period | 9904 | €45,679 | €164 | -€45,515 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,679 | €164 | -€45,515 | -99.6% |
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 12 October 2026 via checked.be.