D&G PROJECTS: 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.
D&G PROJECTS
Largest movements
- Receivables within one year +€72,625
up €72,625 (+54.4%), from €133,425 to €206,050
of which Other amounts receivable: +€76,230
- Cash +€21,589
up €21,589 (+699.6%), from €3,086 to €24,674
mainly Trade debts (+€74,095) and Net result for the year (+€35,831)
- Tangible fixed assets +€5,364
up €5,364 (+52.2%), from €10,284 to €15,648
of which Plant, machinery and equipment: +€6,962
- Trade debts +€74,095
up €74,095 (+272.4%), from €27,202 to €101,298
- Tax, wage and social debts +€16,538
up €16,538 (+46.9%), from €35,292 to €51,830
- Reserves +€5,000
up €5,000 (+6.5%), from €77,000 to €82,000
- Current portion of long-term debt +€3,000
new in 2025: €3,000
- Gross operating margin -€23,482
down €23,482 (-33.4%), from €70,225 to €46,743
- Financial income +€2,302
up €2,302 (+42.5%), from €5,415 to €7,717
- Taxes -€2,134
down €2,134 (-13.7%), from €15,612 to €13,478
- Financial charges -€1,581
down €1,581 (-96.3%), from €1,642 to €61
- Depreciation +€1,014
up €1,014 (+25.8%), from €3,923 to €4,936
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 | €146,907 | €246,372 | +€99,465 | +67.7% |
| Fixed assets | 21/28 | €10,284 | €15,648 | +€5,364 | +52.2% |
| Tangible fixed assets | 22/27 | €10,284 | €15,648 | +€5,364 | +52.2% |
| Plant, machinery and equipment | 23 | €8,686 | €15,648 | +€6,962 | +80.1% |
| Furniture and vehicles | 24 | €1,598 | - | -€1,598 | |
| Current assets | 29/58 | €136,623 | €230,724 | +€94,101 | +68.9% |
| Amounts receivable within one year | 40/41 | €133,425 | €206,050 | +€72,625 | +54.4% |
| Trade receivables | 40 | €29,143 | €25,538 | -€3,605 | -12.4% |
| Other amounts receivable | 41 | €104,282 | €180,512 | +€76,230 | +73.1% |
| Cash at bank and in hand | 54/58 | €3,086 | €24,674 | +€21,589 | +699.6% |
| Deferred charges and accrued income | 490/1 | €113 | - | -€113 | |
| Total equity and liabilities | 10/49 | €146,907 | €246,372 | +€99,465 | +67.7% |
| Equity | 10/15 | €84,413 | €90,245 | +€5,831 | +6.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €77,000 | €82,000 | +€5,000 | +6.5% |
| Distributable reserves | 133 | €77,000 | €82,000 | +€5,000 | +6.5% |
| Profit (loss) carried forward | 14 | €3,413 | €4,245 | +€831 | +24.4% |
| Amounts payable | 17/49 | €62,494 | €156,127 | +€93,633 | +149.8% |
| Amounts payable within one year | 42/48 | €62,494 | €156,127 | +€93,633 | +149.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €27,202 | €101,298 | +€74,095 | +272.4% |
| Suppliers | 440/4 | €27,202 | €101,298 | +€74,095 | +272.4% |
| Taxes, remuneration and social security | 45 | €35,292 | €51,830 | +€16,538 | +46.9% |
| Taxes | 450/3 | €35,292 | €51,830 | +€16,538 | +46.9% |
| Remuneration, social security and pensions | 62 | €173 | - | -€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,923 | €4,936 | +€1,014 | +25.8% |
| Other operating charges | 640/8 | €92 | €154 | +€62 | +67.9% |
| Gross operating margin | 9900 | €70,225 | €46,743 | -€23,482 | -33.4% |
| Operating profit (loss) | 9901 | €66,038 | €41,653 | -€24,384 | -36.9% |
| Financial income | 75/76B | €5,415 | €7,717 | +€2,302 | +42.5% |
| Recurring financial income | 75 | €5,415 | €7,717 | +€2,302 | +42.5% |
| Financial charges | 65/66B | €1,642 | €61 | -€1,581 | -96.3% |
| Recurring financial charges | 65 | €1,642 | €61 | -€1,581 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €69,811 | €49,309 | -€20,501 | -29.4% |
| Income taxes | 67/77 | €15,612 | €13,478 | -€2,134 | -13.7% |
| Profit (loss) for the period | 9904 | €54,198 | €35,831 | -€18,367 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,198 | €35,831 | -€18,367 | -33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.