DCA 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.
DCA Projects
Largest movements
- Cash -€3,828
down €3,828 (-2.6%), from €148,233 to €144,405
mainly Net result for the year (-€3,988) and Investment in fixed assets (net) (-€3,795)
- Reserves -€3,988
down €3,988 (-2.5%), from €157,206 to €153,218
of which Distributable reserves: -€3,988
- Gross operating margin -€2,470
down €2,470 (-40.7%), from €6,075 to €3,605
- Depreciation +€818
up €818 (+18.3%), from €4,478 to €5,296
- Staff costs +€383
no longer reported in 2025 (was -€383)
- Other operating charges -€117
down €117 (-5.1%), from €2,275 to €2,159
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 | €202,242 | €197,664 | -€4,578 | -2.3% |
| Fixed assets | 21/28 | €54,009 | €52,507 | -€1,501 | -2.8% |
| Tangible fixed assets | 22/27 | €54,009 | €52,507 | -€1,501 | -2.8% |
| Land and buildings | 22 | €52,680 | €52,153 | -€527 | -1.0% |
| Plant, machinery and equipment | 23 | €1,329 | €355 | -€974 | -73.3% |
| Current assets | 29/58 | €148,233 | €145,157 | -€3,076 | -2.1% |
| Cash at bank and in hand | 54/58 | €148,233 | €144,405 | -€3,828 | -2.6% |
| Deferred charges and accrued income | 490/1 | - | €752 | +€752 | |
| Total equity and liabilities | 10/49 | €202,242 | €197,664 | -€4,578 | -2.3% |
| Equity | 10/15 | €175,806 | €171,818 | -€3,988 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,206 | €153,218 | -€3,988 | -2.5% |
| Tax-exempt reserves | 132 | €13,202 | €13,202 | = | 0.0% |
| Distributable reserves | 133 | €144,004 | €140,016 | -€3,988 | -2.8% |
| Amounts payable | 17/49 | €26,436 | €25,846 | -€590 | -2.2% |
| Amounts payable within one year | 42/48 | €26,436 | €25,846 | -€590 | -2.2% |
| Other amounts payable | 47/48 | €26,436 | €25,846 | -€590 | -2.2% |
| Remuneration, social security and pensions | 62 | -€383 | - | +€383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,478 | €5,296 | +€818 | +18.3% |
| Other operating charges | 640/8 | €2,275 | €2,159 | -€117 | -5.1% |
| Gross operating margin | 9900 | €6,075 | €3,605 | -€2,470 | -40.7% |
| Operating profit (loss) | 9901 | -€296 | -€3,851 | -€3,555 | -1201.6% |
| Financial charges | 65/66B | €116 | €137 | +€21 | +18.3% |
| Recurring financial charges | 65 | €116 | €137 | +€21 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€412 | -€3,988 | -€3,576 | -867.9% |
| Profit (loss) for the period | 9904 | -€412 | -€3,988 | -€3,576 | -867.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€412 | -€3,988 | -€3,576 | -867.9% |
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.