DCM PROJECT: 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.
DCM PROJECT
Largest movements
- Tangible fixed assets -€34,275
down €34,275 (-59.3%), from €57,768 to €23,493
of which Furniture and vehicles: -€23,552
- Receivables within one year +€17,532
up €17,532 (+20.9%), from €83,897 to €101,429
of which Trade receivables: +€16,688
- Cash +€16,547
up €16,547 (+374.6%), from €4,418 to €20,964
mainly Depreciation (+€24,587) and Investment in fixed assets (net) (+€9,688)
- Deferred charges and accrued income -€2,089
down €2,089 (-66.3%), from €3,149 to €1,060
- Accrued charges and deferred income +€8,156
up €8,156 (+89.3%), from €9,129 to €17,285
- Trade debts -€6,614
down €6,614 (-59.5%), from €11,122 to €4,508
- Profit (loss) carried forward -€4,909
down €4,909 (-16.4%), from -€29,960 to -€34,869
- Other debts +€4,856
up €4,856 (+166.1%), from €2,923 to €7,779
- Tax, wage and social debts -€3,773
down €3,773 (-28.8%), from €13,103 to €9,330
of which Remuneration and social security: -€3,473
- Depreciation -€10,763
down €10,763 (-30.4%), from €35,350 to €24,587
- Gross operating margin -€9,510
down €9,510 (-12.3%), from €77,250 to €67,739
- Staff costs +€1,684
up €1,684 (+4.0%), from €42,458 to €44,142
- Other operating charges -€1,184
down €1,184 (-32.1%), from €3,692 to €2,508
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 | €150,180 | €147,896 | -€2,285 | -1.5% |
| Fixed assets | 21/28 | €58,718 | €24,443 | -€34,275 | -58.4% |
| Tangible fixed assets | 22/27 | €57,768 | €23,493 | -€34,275 | -59.3% |
| Furniture and vehicles | 24 | €28,214 | €4,662 | -€23,552 | -83.5% |
| Other tangible fixed assets | 26 | €29,553 | €18,831 | -€10,722 | -36.3% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €91,463 | €123,453 | +€31,990 | +35.0% |
| Amounts receivable within one year | 40/41 | €83,897 | €101,429 | +€17,532 | +20.9% |
| Trade receivables | 40 | €53,192 | €69,881 | +€16,688 | +31.4% |
| Other amounts receivable | 41 | €30,705 | €31,548 | +€844 | +2.7% |
| Cash at bank and in hand | 54/58 | €4,418 | €20,964 | +€16,547 | +374.6% |
| Deferred charges and accrued income | 490/1 | €3,149 | €1,060 | -€2,089 | -66.3% |
| Total equity and liabilities | 10/49 | €150,180 | €147,896 | -€2,285 | -1.5% |
| Equity | 10/15 | €113,903 | €108,994 | -€4,909 | -4.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Contributions outside capital | 11 | €8,060 | €8,060 | = | 0.0% |
| Other | 1109/19 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €135,803 | €135,803 | = | 0.0% |
| Distributable reserves | 133 | €135,803 | €135,803 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,960 | -€34,869 | -€4,909 | -16.4% |
| Amounts payable | 17/49 | €36,277 | €38,902 | +€2,625 | +7.2% |
| Amounts payable within one year | 42/48 | €27,148 | €21,617 | -€5,531 | -20.4% |
| Trade debts | 44 | €11,122 | €4,508 | -€6,614 | -59.5% |
| Suppliers | 440/4 | €11,122 | €4,508 | -€6,614 | -59.5% |
| Taxes, remuneration and social security | 45 | €13,103 | €9,330 | -€3,773 | -28.8% |
| Taxes | 450/3 | €3,545 | €3,245 | -€300 | -8.5% |
| Remuneration and social security | 454/9 | €9,558 | €6,085 | -€3,473 | -36.3% |
| Other amounts payable | 47/48 | €2,923 | €7,779 | +€4,856 | +166.1% |
| Accrued charges and deferred income | 492/3 | €9,129 | €17,285 | +€8,156 | +89.3% |
| Non-recurring operating income | 76A | - | €2,937 | +€2,937 | |
| Remuneration, social security and pensions | 62 | €42,458 | €44,142 | +€1,684 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,350 | €24,587 | -€10,763 | -30.4% |
| Other operating charges | 640/8 | €3,692 | €2,508 | -€1,184 | -32.1% |
| Gross operating margin | 9900 | €77,250 | €67,739 | -€9,510 | -12.3% |
| Operating profit (loss) | 9901 | -€4,251 | -€3,498 | +€753 | +17.7% |
| Financial income | 75/76B | €0 | €3 | +€3 | +16700.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +16700.0% |
| Financial charges | 65/66B | €657 | €666 | +€9 | +1.4% |
| Recurring financial charges | 65 | €657 | €666 | +€9 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,908 | -€4,161 | +€747 | +15.2% |
| Income taxes | 67/77 | €724 | €749 | +€25 | +3.5% |
| Profit (loss) for the period | 9904 | -€5,631 | -€4,909 | +€722 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,631 | -€4,909 | +€722 | +12.8% |
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 11 October 2026 via checked.be.