D & K PROJECT: 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 & K PROJECT
Largest movements
- Tangible fixed assets +€54,292
up €54,292 (+233%), from €23,325 to €77,617
of which Furniture and vehicles: +€54,693
- Stocks and contracts +€32,637
up €32,637 (+52.0%), from €62,710 to €95,347
of which Contracts in progress: +€34,804
- Reserves +€89,772
up €89,772 (+25.4%), from €353,603 to €443,375
of which Distributable reserves: +€89,772
- Tax, wage and social debts -€26,784
down €26,784 (-57.0%), from €46,995 to €20,211
of which Taxes: -€21,173
- Debts after one year +€26,672
up €26,672, from €0 to €26,672
of which Financial debts: +€26,672
- Advances received +€14,351
up €14,351 (+9.6%), from €148,975 to €163,326
- Trade debts -€13,731
down €13,731 (-71.1%), from €19,312 to €5,581
- Staff costs +€21,548
up €21,548 (+52.8%), from €40,778 to €62,326
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 | €599,853 | €697,428 | +€97,576 | +16.3% |
| Fixed assets | 21/28 | €23,602 | €77,893 | +€54,292 | +230% |
| Tangible fixed assets | 22/27 | €23,325 | €77,617 | +€54,292 | +233% |
| Plant, machinery and equipment | 23 | €567 | €166 | -€401 | -70.7% |
| Furniture and vehicles | 24 | €22,758 | €77,451 | +€54,693 | +240% |
| Financial fixed assets | 28 | €277 | €277 | = | 0.0% |
| Current assets | 29/58 | €576,251 | €619,535 | +€43,284 | +7.5% |
| Stocks and contracts in progress | 3 | €62,710 | €95,347 | +€32,637 | +52.0% |
| Stocks | 30/36 | €6,547 | €4,380 | -€2,167 | -33.1% |
| Contracts in progress | 37 | €56,163 | €90,967 | +€34,804 | +62.0% |
| Amounts receivable within one year | 40/41 | €71,084 | €76,970 | +€5,886 | +8.3% |
| Trade receivables | 40 | €70,804 | €74,455 | +€3,651 | +5.2% |
| Other amounts receivable | 41 | €279 | €2,514 | +€2,235 | +800% |
| Cash at bank and in hand | 54/58 | €441,407 | €446,124 | +€4,716 | +1.1% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,095 | +€45 | +4.3% |
| Total equity and liabilities | 10/49 | €599,853 | €697,428 | +€97,576 | +16.3% |
| Equity | 10/15 | €372,203 | €461,975 | +€89,772 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €353,603 | €443,375 | +€89,772 | +25.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €353,603 | €443,375 | +€89,772 | +25.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €227,650 | €235,454 | +€7,804 | +3.4% |
| Amounts payable after more than one year | 17 | €0 | €26,672 | +€26,672 | |
| Financial debts | 170/4 | €0 | €26,672 | +€26,672 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €221,531 | €199,348 | -€22,183 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €10,231 | +€3,981 | +63.7% |
| Trade debts | 44 | €19,312 | €5,581 | -€13,731 | -71.1% |
| Suppliers | 440/4 | €19,312 | €5,581 | -€13,731 | -71.1% |
| Advances received on contracts in progress | 46 | €148,975 | €163,326 | +€14,351 | +9.6% |
| Taxes, remuneration and social security | 45 | €46,995 | €20,211 | -€26,784 | -57.0% |
| Taxes | 450/3 | €36,913 | €15,740 | -€21,173 | -57.4% |
| Remuneration and social security | 454/9 | €10,081 | €4,470 | -€5,611 | -55.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €6,119 | €9,434 | +€3,315 | +54.2% |
| Non-recurring operating income | 76A | - | €24,437 | +€24,437 | |
| Remuneration, social security and pensions | 62 | €40,778 | €62,326 | +€21,548 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,207 | €19,120 | -€87 | -0.5% |
| Other operating charges | 640/8 | €9,603 | €9,373 | -€230 | -2.4% |
| Gross operating margin | 9900 | €192,860 | €194,805 | +€1,946 | +1.0% |
| Operating profit (loss) | 9901 | €123,272 | €103,987 | -€19,285 | -15.6% |
| Financial income | 75/76B | €21,380 | €20,858 | -€522 | -2.4% |
| Recurring financial income | 75 | €21,380 | €20,858 | -€522 | -2.4% |
| Financial charges | 65/66B | €4,140 | €3,427 | -€713 | -17.2% |
| Recurring financial charges | 65 | €4,140 | €3,427 | -€713 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €140,512 | €121,418 | -€19,095 | -13.6% |
| Income taxes | 67/77 | €32,320 | €31,646 | -€673 | -2.1% |
| Profit (loss) for the period | 9904 | €108,193 | €89,772 | -€18,421 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €108,193 | €89,772 | -€18,421 | -17.0% |
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 15 October 2026 via checked.be.