DBD PROJECTS: what changed
DBD PROJECTS
Largest movements
- Cash +€12,442
up €12,442 (+6.1%), from €202,770 to €215,212
mainly Net result for the year (+€15,651) and Depreciation (+€4,512)
- Current investments +€6,000
up €6,000 (+12.0%), from €50,151 to €56,151
- Receivables within one year -€3,915
down €3,915 (-12.3%), from €31,862 to €27,947
of which Trade receivables: -€4,651
- Reserves +€15,651
up €15,651 (+5.7%), from €273,643 to €289,294
of which Distributable reserves: +€15,651
- Gross operating margin -€4,512
down €4,512 (-14.1%), from €32,053 to €27,542
- Depreciation -€3,575
down €3,575 (-44.2%), from €8,087 to €4,512
- Financial charges +€498
up €498 (+175%), from €284 to €783
- Taxes -€396
down €396 (-6.1%), from €6,473 to €6,076
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,129 | €303,055 | +€12,925 | +4.5% |
| Fixed assets | 21/28 | €5,347 | €3,745 | -€1,602 | -30.0% |
| Tangible fixed assets | 22/27 | €5,347 | €3,745 | -€1,602 | -30.0% |
| Furniture and vehicles | 24 | €5,347 | €3,745 | -€1,602 | -30.0% |
| Current assets | 29/58 | €284,782 | €299,310 | +€14,527 | +5.1% |
| Amounts receivable within one year | 40/41 | €31,862 | €27,947 | -€3,915 | -12.3% |
| Trade receivables | 40 | €27,665 | €23,014 | -€4,651 | -16.8% |
| Other amounts receivable | 41 | €4,197 | €4,932 | +€736 | +17.5% |
| Current investments | 50/53 | €50,151 | €56,151 | +€6,000 | +12.0% |
| Cash at bank and in hand | 54/58 | €202,770 | €215,212 | +€12,442 | +6.1% |
| Total equity and liabilities | 10/49 | €290,129 | €303,055 | +€12,925 | +4.5% |
| Equity | 10/15 | €279,843 | €295,494 | +€15,651 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,643 | €289,294 | +€15,651 | +5.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €271,788 | €287,439 | +€15,651 | +5.8% |
| Amounts payable | 17/49 | €10,286 | €7,561 | -€2,726 | -26.5% |
| Amounts payable within one year | 42/48 | €10,286 | €7,561 | -€2,726 | -26.5% |
| Financial debts | 43 | - | €115 | +€115 | |
| Credit institutions | 430/8 | - | €115 | +€115 | |
| Trade debts | 44 | €2,355 | €2,175 | -€180 | -7.6% |
| Suppliers | 440/4 | €2,355 | €2,175 | -€180 | -7.6% |
| Taxes, remuneration and social security | 45 | €7,931 | €5,271 | -€2,661 | -33.5% |
| Taxes | 450/3 | €2,689 | - | -€2,689 | |
| Remuneration and social security | 454/9 | €5,242 | €5,271 | +€29 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,087 | €4,512 | -€3,575 | -44.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €32,053 | €27,542 | -€4,512 | -14.1% |
| Operating profit (loss) | 9901 | €23,461 | €22,510 | -€951 | -4.1% |
| Financial charges | 65/66B | €284 | €783 | +€498 | +175% |
| Recurring financial charges | 65 | €284 | €783 | +€498 | +175% |
| Profit (loss) for the period before taxes | 9903 | €23,177 | €21,727 | -€1,450 | -6.3% |
| Income taxes | 67/77 | €6,473 | €6,076 | -€396 | -6.1% |
| Profit (loss) for the period | 9904 | €16,704 | €15,651 | -€1,053 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,704 | €15,651 | -€1,053 | -6.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.