D&T 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&T Projects
Largest movements
- Cash -€250,168
down €250,168 (-71.8%), from €348,314 to €98,146
mainly Contributions, distributions and other (-€262,204) and Trade debts (-€262,188)
- Receivables within one year -€160,951
down €160,951 (-71.9%), from €223,840 to €62,889
of which Trade receivables: -€166,432
- Tangible fixed assets -€19,228
down €19,228 (-31.4%), from €61,244 to €42,016
of which Plant, machinery and equipment: -€19,495
- Trade debts -€262,188
down €262,188 (-85.4%), from €306,882 to €44,694
- Other debts +€234,797
up €234,797 (+178%), from €131,660 to €366,457
- Debts after one year -€197,309
down €197,309 (-97.4%), from €202,575 to €5,266
- Reserves -€189,767
down €189,767 (-100%), from €189,767 to €0
- Gross operating margin -€64,812
down €64,812 (-20.8%), from €311,096 to €246,284
- Staff costs +€51,300
up €51,300 (+78.9%), from €65,046 to €116,346
- Taxes -€25,497
down €25,497 (-57.4%), from €44,440 to €18,943
- Financial charges -€13,855
down €13,855 (-58.6%), from €23,627 to €9,772
- Write-downs -€10,345
down €10,345 (-100%), from €10,345 to €0
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 | €915,983 | €491,079 | -€424,904 | -46.4% |
| Fixed assets | 21/28 | €66,244 | €47,016 | -€19,228 | -29.0% |
| Tangible fixed assets | 22/27 | €61,244 | €42,016 | -€19,228 | -31.4% |
| Plant, machinery and equipment | 23 | €45,204 | €25,710 | -€19,495 | -43.1% |
| Furniture and vehicles | 24 | €3,127 | €4,879 | +€1,752 | +56.0% |
| Other tangible fixed assets | 26 | €12,913 | €11,427 | -€1,485 | -11.5% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €849,739 | €444,063 | -€405,676 | -47.7% |
| Stocks and contracts in progress | 3 | €265,899 | €269,335 | +€3,436 | +1.3% |
| Stocks | 30/36 | €265,899 | €269,335 | +€3,436 | +1.3% |
| Amounts receivable within one year | 40/41 | €223,840 | €62,889 | -€160,951 | -71.9% |
| Trade receivables | 40 | €188,094 | €21,663 | -€166,432 | -88.5% |
| Other amounts receivable | 41 | €35,746 | €41,227 | +€5,481 | +15.3% |
| Cash at bank and in hand | 54/58 | €348,314 | €98,146 | -€250,168 | -71.8% |
| Deferred charges and accrued income | 490/1 | €11,687 | €13,692 | +€2,006 | +17.2% |
| Total equity and liabilities | 10/49 | €915,983 | €491,079 | -€424,904 | -46.4% |
| Equity | 10/15 | €192,767 | €3,000 | -€189,767 | -98.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €189,767 | €0 | -€189,767 | -100% |
| Distributable reserves | 133 | €189,767 | €0 | -€189,767 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €723,216 | €488,079 | -€235,137 | -32.5% |
| Amounts payable after more than one year | 17 | €202,575 | €5,266 | -€197,309 | -97.4% |
| Financial debts | 170/4 | €202,575 | €5,266 | -€197,309 | -97.4% |
| Amounts payable within one year | 42/48 | €518,879 | €481,051 | -€37,828 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €25,878 | €20,778 | -€5,100 | -19.7% |
| Financial debts | 43 | €5,769 | €2,746 | -€3,022 | -52.4% |
| Credit institutions | 430/8 | €5,769 | €2,746 | -€3,022 | -52.4% |
| Trade debts | 44 | €306,882 | €44,694 | -€262,188 | -85.4% |
| Suppliers | 440/4 | €306,882 | €44,694 | -€262,188 | -85.4% |
| Taxes, remuneration and social security | 45 | €48,690 | €46,375 | -€2,315 | -4.8% |
| Taxes | 450/3 | €44,440 | €44,440 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,250 | €1,935 | -€2,315 | -54.5% |
| Other amounts payable | 47/48 | €131,660 | €366,457 | +€234,797 | +178% |
| Accrued charges and deferred income | 492/3 | €1,762 | €1,762 | = | 0.0% |
| Non-recurring operating income | 76A | €362 | €3,687 | +€3,325 | +918% |
| Remuneration, social security and pensions | 62 | €65,046 | €116,346 | +€51,300 | +78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,435 | €26,769 | -€3,666 | -12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,345 | €0 | -€10,345 | -100% |
| Other operating charges | 640/8 | €1,937 | €2,500 | +€563 | +29.1% |
| Non-recurring operating charges | 66A | - | €730 | +€730 | |
| Gross operating margin | 9900 | €311,096 | €246,284 | -€64,812 | -20.8% |
| Operating profit (loss) | 9901 | €203,333 | €99,939 | -€103,393 | -50.8% |
| Financial income | 75/76B | €1,034 | €1,213 | +€179 | +17.3% |
| Recurring financial income | 75 | €1,034 | €1,213 | +€179 | +17.3% |
| Financial charges | 65/66B | €23,627 | €9,772 | -€13,855 | -58.6% |
| Recurring financial charges | 65 | €23,627 | €9,772 | -€13,855 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €180,740 | €91,380 | -€89,360 | -49.4% |
| Income taxes | 67/77 | €44,440 | €18,943 | -€25,497 | -57.4% |
| Profit (loss) for the period | 9904 | €136,300 | €72,437 | -€63,862 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,300 | €72,437 | -€63,862 | -46.9% |
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 24 October 2026 via checked.be.