DCV PROJECTONTWIKKELING: 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.
DCV PROJECTONTWIKKELING
Largest movements
- Receivables after one year +€1.0m
new in 2025: €1.0m
- Cash -€810,553
down €810,553 (-78.6%), from €1.0m to €220,286
mainly Receivables after one year (-€1.0m) and Other debts (-€163,859)
- Stocks and contracts -€554,260
down €554,260 (-13.8%), from €4.0m to €3.5m
- Receivables within one year -€198,744
down €198,744 (-20.3%), from €980,698 to €781,955
of which Trade receivables: -€111,416
- Other debts -€163,859
down €163,859 (-13.3%), from €1.2m to €1.1m
- Tax, wage and social debts -€163,079
down €163,079 (-85.0%), from €191,904 to €28,826
- Debts after one year -€132,661
down €132,661 (-4.6%), from €2.9m to €2.7m
- Advances received -€102,506
down €102,506 (-21.5%), from €477,606 to €375,100
- Gross operating margin -€74,412
down €74,412 (-24.2%), from €307,474 to €233,062
- Financial charges -€49,671
down €49,671 (-20.2%), from €245,953 to €196,282
- Financial income +€36,268
up €36,268 (+579%), from €6,259 to €42,527
- Taxes +€3,745
up €3,745 (+33.7%), from €11,116 to €14,862
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 | €6,058,342 | €5,515,870 | -€542,472 | -9.0% |
| Fixed assets | 21/28 | €32,244 | €4,205 | -€28,040 | -87.0% |
| Tangible fixed assets | 22/27 | €32,244 | €4,205 | -€28,040 | -87.0% |
| Plant, machinery and equipment | 23 | €3,398 | €1,368 | -€2,030 | -59.7% |
| Furniture and vehicles | 24 | €28,847 | €2,837 | -€26,010 | -90.2% |
| Current assets | 29/58 | €6,026,097 | €5,511,665 | -€514,432 | -8.5% |
| Amounts receivable after more than one year | 29 | - | €1,035,921 | +€1.0m | |
| Other amounts receivable | 291 | - | €1,035,921 | +€1.0m | |
| Stocks and contracts in progress | 3 | €4,014,560 | €3,460,300 | -€554,260 | -13.8% |
| Contracts in progress | 37 | €4,014,560 | €3,460,300 | -€554,260 | -13.8% |
| Amounts receivable within one year | 40/41 | €980,698 | €781,955 | -€198,744 | -20.3% |
| Trade receivables | 40 | €437,379 | €325,963 | -€111,416 | -25.5% |
| Other amounts receivable | 41 | €543,319 | €455,992 | -€87,328 | -16.1% |
| Cash at bank and in hand | 54/58 | €1,030,839 | €220,286 | -€810,553 | -78.6% |
| Deferred charges and accrued income | 490/1 | - | €13,203 | +€13,203 | |
| Total equity and liabilities | 10/49 | €6,058,342 | €5,515,870 | -€542,472 | -9.0% |
| Equity | 10/15 | €267,827 | €302,006 | +€34,179 | +12.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €261,622 | €295,801 | +€34,179 | +13.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €261,622 | €295,801 | +€34,179 | +13.1% |
| Amounts payable | 17/49 | €5,790,515 | €5,213,864 | -€576,651 | -10.0% |
| Amounts payable after more than one year | 17 | €2,880,519 | €2,747,859 | -€132,661 | -4.6% |
| Financial debts | 170/4 | €2,880,519 | €2,747,859 | -€132,661 | -4.6% |
| Amounts payable within one year | 42/48 | €2,897,179 | €2,453,627 | -€443,552 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €24,632 | €6,216 | -€18,417 | -74.8% |
| Trade debts | 44 | €973,806 | €978,115 | +€4,308 | +0.4% |
| Suppliers | 440/4 | €973,806 | €978,115 | +€4,308 | +0.4% |
| Advances received on contracts in progress | 46 | €477,606 | €375,100 | -€102,506 | -21.5% |
| Taxes, remuneration and social security | 45 | €191,904 | €28,826 | -€163,079 | -85.0% |
| Taxes | 450/3 | €191,904 | €28,826 | -€163,079 | -85.0% |
| Other amounts payable | 47/48 | €1,229,230 | €1,065,371 | -€163,859 | -13.3% |
| Accrued charges and deferred income | 492/3 | €12,817 | €12,378 | -€438 | -3.4% |
| Non-recurring operating income | 76A | €44,451 | €0 | -€44,451 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,770 | €28,040 | -€1,730 | -5.8% |
| Other operating charges | 640/8 | €1,342 | €2,228 | +€886 | +66.1% |
| Gross operating margin | 9900 | €307,474 | €233,062 | -€74,412 | -24.2% |
| Operating profit (loss) | 9901 | €276,363 | €202,795 | -€73,568 | -26.6% |
| Financial income | 75/76B | €6,259 | €42,527 | +€36,268 | +579% |
| Recurring financial income | 75 | €6,259 | €42,527 | +€36,268 | +579% |
| Financial charges | 65/66B | €245,953 | €196,282 | -€49,671 | -20.2% |
| Recurring financial charges | 65 | €245,953 | €196,282 | -€49,671 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €36,668 | €49,040 | +€12,372 | +33.7% |
| Income taxes | 67/77 | €11,116 | €14,862 | +€3,745 | +33.7% |
| Profit (loss) for the period | 9904 | €25,552 | €34,179 | +€8,627 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,552 | €34,179 | +€8,627 | +33.8% |
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 15 October 2026 via checked.be.