DB Projecten: 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.
DB Projecten
Largest movements
- Tangible fixed assets +€44,056
up €44,056 (+30.7%), from €143,608 to €187,664
of which Furniture and vehicles: +€51,632
- Receivables within one year +€7,143
up €7,143 (+135.9%), from €5,254 to €12,398
of which Trade receivables: +€10,684
- Cash -€3,915
down €3,915 (-36.6%), from €10,705 to €6,791
mainly Investment in fixed assets (net) (-€82,030) and Receivables within one year (-€7,143)
- Deferred charges and accrued income +€3,221
new in 2025: €3,221
- Debts after one year +€40,511
up €40,511 (+53.7%), from €75,397 to €115,909
of which Other amounts payable: +€35,000
- Current portion of long-term debt +€8,249
up €8,249 (+36.7%), from €22,446 to €30,695
- Reserves +€3,388
up €3,388 (+8.1%), from €41,788 to €45,177
- Other debts +€2,866
new in 2025: €2,866
- Tax, wage and social debts -€2,690
down €2,690 (-21.7%), from €12,409 to €9,719
- Depreciation +€16,282
up €16,282 (+75.1%), from €21,692 to €37,974
- Other operating charges -€8,076
down €8,076 (-83.4%), from €9,685 to €1,609
- Gross operating margin +€2,814
up €2,814 (+5.9%), from €47,514 to €50,328
- Taxes -€1,001
down €1,001 (-31.2%), from €3,207 to €2,205
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 | €159,568 | €210,073 | +€50,505 | +31.7% |
| Fixed assets | 21/28 | €143,608 | €187,664 | +€44,056 | +30.7% |
| Tangible fixed assets | 22/27 | €143,608 | €187,664 | +€44,056 | +30.7% |
| Plant, machinery and equipment | 23 | €33,305 | €26,170 | -€7,135 | -21.4% |
| Furniture and vehicles | 24 | €100,975 | €152,606 | +€51,632 | +51.1% |
| Other tangible fixed assets | 26 | €9,329 | €8,888 | -€441 | -4.7% |
| Current assets | 29/58 | €15,959 | €22,409 | +€6,449 | +40.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €5,254 | €12,398 | +€7,143 | +135.9% |
| Trade receivables | 40 | €1,713 | €12,398 | +€10,684 | +623.6% |
| Other amounts receivable | 41 | €3,541 | €0 | -€3,541 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,705 | €6,791 | -€3,915 | -36.6% |
| Deferred charges and accrued income | 490/1 | - | €3,221 | +€3,221 | |
| Total equity and liabilities | 10/49 | €159,568 | €210,073 | +€50,505 | +31.7% |
| Equity | 10/15 | €46,788 | €50,177 | +€3,388 | +7.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €41,788 | €45,177 | +€3,388 | +8.1% |
| Distributable reserves | 133 | €41,788 | €45,177 | +€3,388 | +8.1% |
| Amounts payable | 17/49 | €112,780 | €159,896 | +€47,117 | +41.8% |
| Amounts payable after more than one year | 17 | €75,397 | €115,909 | +€40,511 | +53.7% |
| Financial debts | 170/4 | €75,397 | €80,909 | +€5,511 | +7.3% |
| Other amounts payable | 178/9 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €37,382 | €43,987 | +€6,605 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €22,446 | €30,695 | +€8,249 | +36.7% |
| Trade debts | 44 | €2,527 | €707 | -€1,820 | -72.0% |
| Suppliers | 440/4 | €2,527 | €707 | -€1,820 | -72.0% |
| Taxes, remuneration and social security | 45 | €12,409 | €9,719 | -€2,690 | -21.7% |
| Taxes | 450/3 | €12,409 | €9,719 | -€2,690 | -21.7% |
| Other amounts payable | 47/48 | - | €2,866 | +€2,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,692 | €37,974 | +€16,282 | +75.1% |
| Other operating charges | 640/8 | €9,685 | €1,609 | -€8,076 | -83.4% |
| Gross operating margin | 9900 | €47,514 | €50,328 | +€2,814 | +5.9% |
| Operating profit (loss) | 9901 | €16,137 | €10,745 | -€5,392 | -33.4% |
| Financial income | 75/76B | €162 | €0 | -€162 | -99.8% |
| Recurring financial income | 75 | €162 | €0 | -€162 | -99.8% |
| Financial charges | 65/66B | €5,536 | €5,152 | -€384 | -6.9% |
| Recurring financial charges | 65 | €5,536 | €5,152 | -€384 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €10,764 | €5,594 | -€5,170 | -48.0% |
| Income taxes | 67/77 | €3,207 | €2,205 | -€1,001 | -31.2% |
| Profit (loss) for the period | 9904 | €7,557 | €3,388 | -€4,169 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,557 | €3,388 | -€4,169 | -55.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.