DBG 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.
DBG Projects
Largest movements
- Current investments -€300,000
no longer reported in 2024 (was €300,000)
- Cash +€288,212
up €288,212 (+784.7%), from €36,730 to €324,942
mainly Debts after one year (+€310,348) and Current investments (+€300,000)
- Receivables within one year +€108,779
up €108,779 (+65.6%), from €165,753 to €274,532
- Stocks and contracts +€95,705
up €95,705 (+74.6%), from €128,265 to €223,970
- Tangible fixed assets -€15,863
down €15,863 (-4.3%), from €370,316 to €354,453
of which Leasing and similar rights: -€207,334
- Other debts -€327,855
down €327,855 (-88.5%), from €370,493 to €42,637
- Debts after one year +€310,348
up €310,348 (+201.3%), from €154,160 to €464,509
- Profit (loss) carried forward +€153,938
up €153,938 (+43.8%), from €351,813 to €505,751
- Tax, wage and social debts +€45,231
up €45,231 (+230.0%), from €19,665 to €64,896
- Current portion of long-term debt -€13,876
down €13,876 (-14.0%), from €98,847 to €84,971
- Gross operating margin +€147,379
up €147,379 (+68.4%), from €215,422 to €362,801
- Taxes +€29,388
up €29,388 (+212.9%), from €13,807 to €43,195
- Financial charges +€22,217
up €22,217 (+194.0%), from €11,453 to €33,670
- Depreciation -€6,903
down €6,903 (-5.1%), from €136,149 to €129,246
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,007,931 | €1,179,893 | +€171,962 | +17.1% |
| Fixed assets | 21/28 | €370,586 | €354,588 | -€15,998 | -4.3% |
| Tangible fixed assets | 22/27 | €370,316 | €354,453 | -€15,863 | -4.3% |
| Plant, machinery and equipment | 23 | €89,925 | €280,861 | +€190,937 | +212.3% |
| Furniture and vehicles | 24 | €23,330 | €23,864 | +€535 | +2.3% |
| Leasing and similar rights | 25 | €257,061 | €49,727 | -€207,334 | -80.7% |
| Financial fixed assets | 28 | €270 | €135 | -€135 | -50.0% |
| Current assets | 29/58 | €637,346 | €825,306 | +€187,960 | +29.5% |
| Stocks and contracts in progress | 3 | €128,265 | €223,970 | +€95,705 | +74.6% |
| Stocks | 30/36 | €128,265 | €223,970 | +€95,705 | +74.6% |
| Amounts receivable within one year | 40/41 | €165,753 | €274,532 | +€108,779 | +65.6% |
| Trade receivables | 40 | €165,753 | €274,532 | +€108,779 | +65.6% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €36,730 | €324,942 | +€288,212 | +784.7% |
| Deferred charges and accrued income | 490/1 | €6,598 | €1,862 | -€4,736 | -71.8% |
| Total equity and liabilities | 10/49 | €1,007,931 | €1,179,893 | +€171,962 | +17.1% |
| Equity | 10/15 | €352,013 | €505,951 | +€153,938 | +43.7% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,813 | €505,751 | +€153,938 | +43.8% |
| Amounts payable | 17/49 | €655,918 | €673,942 | +€18,024 | +2.7% |
| Amounts payable after more than one year | 17 | €154,160 | €464,509 | +€310,348 | +201.3% |
| Financial debts | 170/4 | €154,160 | €464,509 | +€310,348 | +201.3% |
| Amounts payable within one year | 42/48 | €498,142 | €206,703 | -€291,439 | -58.5% |
| Current portion of amounts payable after more than one year | 42 | €98,847 | €84,971 | -€13,876 | -14.0% |
| Trade debts | 44 | €9,138 | €14,199 | +€5,061 | +55.4% |
| Suppliers | 440/4 | €9,138 | €14,199 | +€5,061 | +55.4% |
| Taxes, remuneration and social security | 45 | €19,665 | €64,896 | +€45,231 | +230.0% |
| Taxes | 450/3 | €19,665 | €64,896 | +€45,231 | +230.0% |
| Other amounts payable | 47/48 | €370,493 | €42,637 | -€327,855 | -88.5% |
| Accrued charges and deferred income | 492/3 | €3,616 | €2,731 | -€885 | -24.5% |
| Non-recurring operating income | 76A | - | €28,298 | +€28,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,149 | €129,246 | -€6,903 | -5.1% |
| Other operating charges | 640/8 | €2,617 | €4,897 | +€2,280 | +87.1% |
| Gross operating margin | 9900 | €215,422 | €362,801 | +€147,379 | +68.4% |
| Operating profit (loss) | 9901 | €76,657 | €228,658 | +€152,002 | +198.3% |
| Financial income | 75/76B | €748 | €2,145 | +€1,397 | +186.8% |
| Recurring financial income | 75 | €748 | €2,145 | +€1,397 | +186.8% |
| Financial charges | 65/66B | €11,453 | €33,670 | +€22,217 | +194.0% |
| Recurring financial charges | 65 | €11,453 | €33,670 | +€22,217 | +194.0% |
| Profit (loss) for the period before taxes | 9903 | €65,952 | €197,133 | +€131,181 | +198.9% |
| Income taxes | 67/77 | €13,807 | €43,195 | +€29,388 | +212.9% |
| Profit (loss) for the period | 9904 | €52,145 | €153,938 | +€101,793 | +195.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,145 | €153,938 | +€101,793 | +195.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.