DCY PROJECTS: 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.
DCY PROJECTS
Largest movements
- Receivables within one year -€9,648
down €9,648 (-56.7%), from €17,003 to €7,356
of which Trade receivables: -€9,558
- Tangible fixed assets -€5,088
down €5,088 (-2.8%), from €180,970 to €175,882
of which Land and buildings: -€4,748
- Cash +€3,816
up €3,816 (+155.2%), from €2,459 to €6,275
mainly Depreciation (+€10,190) and Receivables within one year (+€9,648)
- Tax, wage and social debts +€8,389
up €8,389 (+226.2%), from €3,708 to €12,097
of which Remuneration and social security: +€7,664
- Other debts -€7,525
down €7,525 (-48.6%), from €15,496 to €7,971
- Trade debts -€6,190
down €6,190 (-89.9%), from €6,882 to €692
- Debts after one year -€5,736
down €5,736 (-5.4%), from €106,496 to €100,760
- Depreciation +€3,963
up €3,963 (+63.7%), from €6,227 to €10,190
- Gross operating margin +€3,314
up €3,314 (+27.4%), from €12,096 to €15,409
- Financial charges +€1,771
up €1,771 (+59.3%), from €2,985 to €4,756
- Taxes -€463
down €463 (-39.2%), from €1,181 to €718
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 | €203,783 | €191,556 | -€12,227 | -6.0% |
| Formation expenses | 20 | €2,171 | €1,624 | -€547 | -25.2% |
| Fixed assets | 21/28 | €180,970 | €175,882 | -€5,088 | -2.8% |
| Tangible fixed assets | 22/27 | €180,970 | €175,882 | -€5,088 | -2.8% |
| Land and buildings | 22 | €179,611 | €174,863 | -€4,748 | -2.6% |
| Plant, machinery and equipment | 23 | €1,359 | €1,019 | -€340 | -25.0% |
| Current assets | 29/58 | €20,642 | €14,049 | -€6,593 | -31.9% |
| Amounts receivable within one year | 40/41 | €17,003 | €7,356 | -€9,648 | -56.7% |
| Trade receivables | 40 | €15,826 | €6,269 | -€9,558 | -60.4% |
| Other amounts receivable | 41 | €1,177 | €1,087 | -€90 | -7.7% |
| Cash at bank and in hand | 54/58 | €2,459 | €6,275 | +€3,816 | +155.2% |
| Deferred charges and accrued income | 490/1 | €1,180 | €419 | -€761 | -64.5% |
| Total equity and liabilities | 10/49 | €203,783 | €191,556 | -€12,227 | -6.0% |
| Equity | 10/15 | €65,697 | €64,301 | -€1,396 | -2.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €697 | €697 | = | 0.0% |
| Non-distributable reserves | 130/1 | €697 | €697 | = | 0.0% |
| Legal reserve | 130 | €697 | €697 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,396 | -€1,396 | |
| Amounts payable | 17/49 | €138,086 | €127,255 | -€10,831 | -7.8% |
| Amounts payable after more than one year | 17 | €106,496 | €100,760 | -€5,736 | -5.4% |
| Financial debts | 170/4 | €106,496 | €100,760 | -€5,736 | -5.4% |
| Amounts payable within one year | 42/48 | €31,590 | €26,496 | -€5,094 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €5,504 | €5,736 | +€232 | +4.2% |
| Trade debts | 44 | €6,882 | €692 | -€6,190 | -89.9% |
| Suppliers | 440/4 | €6,882 | €692 | -€6,190 | -89.9% |
| Taxes, remuneration and social security | 45 | €3,708 | €12,097 | +€8,389 | +226.2% |
| Taxes | 450/3 | €1,181 | €1,906 | +€724 | +61.3% |
| Remuneration and social security | 454/9 | €2,527 | €10,191 | +€7,664 | +303.3% |
| Other amounts payable | 47/48 | €15,496 | €7,971 | -€7,525 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,227 | €10,190 | +€3,963 | +63.7% |
| Other operating charges | 640/8 | €1,006 | €1,142 | +€136 | +13.5% |
| Gross operating margin | 9900 | €12,096 | €15,409 | +€3,314 | +27.4% |
| Operating profit (loss) | 9901 | €4,863 | €4,078 | -€785 | -16.2% |
| Financial charges | 65/66B | €2,985 | €4,756 | +€1,771 | +59.3% |
| Recurring financial charges | 65 | €2,985 | €4,756 | +€1,771 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €1,878 | -€678 | -€2,557 | |
| Income taxes | 67/77 | €1,181 | €718 | -€463 | -39.2% |
| Profit (loss) for the period | 9904 | €697 | -€1,396 | -€2,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €697 | -€1,396 | -€2,094 |
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.