DB 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.
DB PROJECTS
Largest movements
- Current investments +€362,757
up €362,757 (+71.7%), from €506,216 to €868,973
- Receivables within one year +€195,014
up €195,014 (+406.7%), from €47,947 to €242,961
of which Trade receivables: +€191,850
- Tangible fixed assets -€35,965
down €35,965 (-25.2%), from €142,824 to €106,859
of which Furniture and vehicles: -€43,148
- Cash -€16,076
down €16,076 (-8.3%), from €193,097 to €177,021
mainly Current investments (-€362,757) and Receivables within one year (-€195,014)
- Reserves +€393,382
up €393,382 (+55.9%), from €703,499 to €1.1m
- Tax, wage and social debts +€145,955
up €145,955 (+96.0%), from €152,075 to €298,030
- Trade debts -€32,023
down €32,023 (-94.8%), from €33,770 to €1,746
- Gross operating margin +€27,750
up €27,750 (+5.2%), from €532,590 to €560,340
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 | €895,448 | €1,399,657 | +€504,209 | +56.3% |
| Fixed assets | 21/28 | €142,824 | €106,859 | -€35,965 | -25.2% |
| Tangible fixed assets | 22/27 | €142,824 | €106,859 | -€35,965 | -25.2% |
| Plant, machinery and equipment | 23 | €4,918 | €12,101 | +€7,183 | +146.1% |
| Furniture and vehicles | 24 | €137,906 | €94,758 | -€43,148 | -31.3% |
| Current assets | 29/58 | €752,625 | €1,292,798 | +€540,173 | +71.8% |
| Amounts receivable within one year | 40/41 | €47,947 | €242,961 | +€195,014 | +406.7% |
| Trade receivables | 40 | €47,947 | €239,797 | +€191,850 | +400.1% |
| Other amounts receivable | 41 | - | €3,164 | +€3,164 | |
| Current investments | 50/53 | €506,216 | €868,973 | +€362,757 | +71.7% |
| Cash at bank and in hand | 54/58 | €193,097 | €177,021 | -€16,076 | -8.3% |
| Deferred charges and accrued income | 490/1 | €5,365 | €3,843 | -€1,522 | -28.4% |
| Total equity and liabilities | 10/49 | €895,448 | €1,399,657 | +€504,209 | +56.3% |
| Equity | 10/15 | €706,499 | €1,099,881 | +€393,382 | +55.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €703,499 | €1,096,881 | +€393,382 | +55.9% |
| Distributable reserves | 133 | €703,499 | €1,096,881 | +€393,382 | +55.9% |
| Amounts payable | 17/49 | €188,949 | €299,776 | +€110,827 | +58.7% |
| Amounts payable within one year | 42/48 | €188,949 | €299,776 | +€110,827 | +58.7% |
| Trade debts | 44 | €33,770 | €1,746 | -€32,023 | -94.8% |
| Suppliers | 440/4 | €33,770 | €1,746 | -€32,023 | -94.8% |
| Taxes, remuneration and social security | 45 | €152,075 | €298,030 | +€145,955 | +96.0% |
| Taxes | 450/3 | €152,075 | €298,030 | +€145,955 | +96.0% |
| Other amounts payable | 47/48 | €3,104 | €0 | -€3,104 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,420 | €55,166 | +€1,746 | +3.3% |
| Other operating charges | 640/8 | €2,229 | €1,480 | -€749 | -33.6% |
| Gross operating margin | 9900 | €532,590 | €560,340 | +€27,750 | +5.2% |
| Operating profit (loss) | 9901 | €476,941 | €503,695 | +€26,754 | +5.6% |
| Financial income | 75/76B | €11,385 | €16,847 | +€5,462 | +48.0% |
| Recurring financial income | 75 | €11,385 | €16,847 | +€5,462 | +48.0% |
| Financial charges | 65/66B | €96 | €216 | +€120 | +124.6% |
| Recurring financial charges | 65 | €96 | €216 | +€120 | +124.6% |
| Profit (loss) for the period before taxes | 9903 | €488,230 | €520,325 | +€32,096 | +6.6% |
| Income taxes | 67/77 | €126,991 | €126,943 | -€47 | 0.0% |
| Profit (loss) for the period | 9904 | €361,239 | €393,382 | +€32,143 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €361,239 | €393,382 | +€32,143 | +8.9% |
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 5 October 2026 via checked.be.