DB PROJECTS BOUWWERKEN: 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 PROJECTS BOUWWERKEN
Largest movements
- Receivables within one year +€76,965
up €76,965 (+109%), from €70,383 to €147,347
of which Trade receivables: +€48,791
- Cash -€64,769
down €64,769 (-81.3%), from €79,623 to €14,854
mainly Receivables within one year (-€76,965) and Investment in fixed assets (net) (-€56,376)
- Tangible fixed assets +€20,527
up €20,527 (+15.0%), from €136,761 to €157,288
of which Furniture and vehicles: +€32,585
- Deferred charges and accrued income +€5,910
up €5,910 (+210%), from €2,819 to €8,729
- Financial fixed assets +€3,750
up €3,750 (+122%), from €3,063 to €6,813
- Trade debts -€39,622
down €39,622 (-75.8%), from €52,257 to €12,635
- Reserves +€36,252
up €36,252 (+35.2%), from €102,848 to €139,100
- Current portion of long-term debt +€25,667
up €25,667 (+67.7%), from €37,936 to €63,603
- Debts after one year +€20,206
up €20,206 (+23.6%), from €85,534 to €105,740
- Staff costs +€61,920
up €61,920 (+2,068%), from €2,995 to €64,915
- Gross operating margin +€42,748
up €42,748 (+34.7%), from €123,048 to €165,796
- Write-downs -€27,358
down €27,358 (-100%), from €27,358 to €0
- Depreciation +€13,712
up €13,712 (+74.6%), from €18,387 to €32,099
- Other operating charges +€11,276
up €11,276 (+662%), from €1,705 to €12,981
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 | €298,105 | €340,143 | +€42,038 | +14.1% |
| Fixed assets | 21/28 | €139,824 | €164,101 | +€24,277 | +17.4% |
| Tangible fixed assets | 22/27 | €136,761 | €157,288 | +€20,527 | +15.0% |
| Plant, machinery and equipment | 23 | €35,446 | €23,388 | -€12,058 | -34.0% |
| Furniture and vehicles | 24 | €101,315 | €133,900 | +€32,585 | +32.2% |
| Financial fixed assets | 28 | €3,063 | €6,813 | +€3,750 | +122% |
| Current assets | 29/58 | €158,281 | €176,041 | +€17,761 | +11.2% |
| Stocks and contracts in progress | 3 | €5,456 | €5,111 | -€345 | -6.3% |
| Stocks | 30/36 | €5,456 | €5,111 | -€345 | -6.3% |
| Amounts receivable within one year | 40/41 | €70,383 | €147,347 | +€76,965 | +109% |
| Trade receivables | 40 | €40,263 | €89,054 | +€48,791 | +121% |
| Other amounts receivable | 41 | €30,120 | €58,294 | +€28,174 | +93.5% |
| Cash at bank and in hand | 54/58 | €79,623 | €14,854 | -€64,769 | -81.3% |
| Deferred charges and accrued income | 490/1 | €2,819 | €8,729 | +€5,910 | +210% |
| Total equity and liabilities | 10/49 | €298,105 | €340,143 | +€42,038 | +14.1% |
| Equity | 10/15 | €108,848 | €145,100 | +€36,252 | +33.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €102,848 | €139,100 | +€36,252 | +35.2% |
| Distributable reserves | 133 | €102,848 | €139,100 | +€36,252 | +35.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €189,257 | €195,043 | +€5,786 | +3.1% |
| Amounts payable after more than one year | 17 | €85,534 | €105,740 | +€20,206 | +23.6% |
| Financial debts | 170/4 | €85,534 | €105,740 | +€20,206 | +23.6% |
| Amounts payable within one year | 42/48 | €103,723 | €89,190 | -€14,533 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €37,936 | €63,603 | +€25,667 | +67.7% |
| Trade debts | 44 | €52,257 | €12,635 | -€39,622 | -75.8% |
| Suppliers | 440/4 | €52,257 | €12,635 | -€39,622 | -75.8% |
| Taxes, remuneration and social security | 45 | €12,363 | €11,185 | -€1,178 | -9.5% |
| Taxes | 450/3 | €12,293 | €9,706 | -€2,586 | -21.0% |
| Remuneration and social security | 454/9 | €70 | €1,478 | +€1,408 | +2,016% |
| Other amounts payable | 47/48 | €1,168 | €1,768 | +€600 | +51.4% |
| Accrued charges and deferred income | 492/3 | €0 | €113 | +€113 | |
| Remuneration, social security and pensions | 62 | €2,995 | €64,915 | +€61,920 | +2,068% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,387 | €32,099 | +€13,712 | +74.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,358 | €0 | -€27,358 | -100% |
| Other operating charges | 640/8 | €1,705 | €12,981 | +€11,276 | +662% |
| Gross operating margin | 9900 | €123,048 | €165,796 | +€42,748 | +34.7% |
| Operating profit (loss) | 9901 | €72,604 | €55,801 | -€16,803 | -23.1% |
| Financial income | 75/76B | €933 | €1,432 | +€499 | +53.4% |
| Recurring financial income | 75 | €933 | €1,432 | +€499 | +53.4% |
| Financial charges | 65/66B | €3,423 | €7,178 | +€3,756 | +110% |
| Recurring financial charges | 65 | €3,423 | €7,178 | +€3,756 | +110% |
| Profit (loss) for the period before taxes | 9903 | €70,115 | €50,055 | -€20,060 | -28.6% |
| Income taxes | 67/77 | €19,414 | €13,803 | -€5,611 | -28.9% |
| Profit (loss) for the period | 9904 | €50,701 | €36,252 | -€14,449 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,701 | €36,252 | -€14,449 | -28.5% |
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 29 October 2026 via checked.be.