DD 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.
DD PROJECTS
Largest movements
- Tangible fixed assets +€252,302
up €252,302 (+94.8%), from €266,126 to €518,428
of which Plant, machinery and equipment: +€242,252
- Receivables within one year +€114,680
up €114,680 (+11.1%), from €1.0m to €1.1m
of which Trade receivables: +€103,689
- Stocks and contracts -€23,020
down €23,020 (-8.8%), from €260,440 to €237,420
of which Contracts in progress: -€18,170
- Deferred charges and accrued income -€21,120
down €21,120 (-85.1%), from €24,825 to €3,705
- Debts after one year +€239,039
up €239,039 (+1143.8%), from €20,899 to €259,938
- Trade debts +€197,189
up €197,189 (+24.8%), from €795,765 to €992,954
- Profit (loss) carried forward -€134,574
down €134,574, from €44,343 to -€90,231
- Current portion of long-term debt +€28,248
up €28,248 (+494.4%), from €5,714 to €33,962
- Gross operating margin -€106,383
down €106,383 (-17.2%), from €619,472 to €513,089
- Staff costs +€21,306
up €21,306 (+3.8%), from €566,938 to €588,244
- Write-downs +€8,957
new in 2025: €8,957
- Taxes -€7,704
down €7,704 (-93.3%), from €8,253 to €549
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 | €1,616,519 | €1,931,572 | +€315,053 | +19.5% |
| Fixed assets | 21/28 | €269,376 | €521,678 | +€252,302 | +93.7% |
| Tangible fixed assets | 22/27 | €266,126 | €518,428 | +€252,302 | +94.8% |
| Land and buildings | 22 | €220,892 | €219,186 | -€1,706 | -0.8% |
| Plant, machinery and equipment | 23 | €38,020 | €280,272 | +€242,252 | +637.2% |
| Furniture and vehicles | 24 | €7,214 | €18,970 | +€11,756 | +163.0% |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €1,347,143 | €1,409,894 | +€62,751 | +4.7% |
| Stocks and contracts in progress | 3 | €260,440 | €237,420 | -€23,020 | -8.8% |
| Stocks | 30/36 | €223,470 | €218,620 | -€4,850 | -2.2% |
| Contracts in progress | 37 | €36,970 | €18,800 | -€18,170 | -49.1% |
| Amounts receivable within one year | 40/41 | €1,029,747 | €1,144,427 | +€114,680 | +11.1% |
| Trade receivables | 40 | €974,915 | €1,078,604 | +€103,689 | +10.6% |
| Other amounts receivable | 41 | €54,832 | €65,823 | +€10,991 | +20.0% |
| Cash at bank and in hand | 54/58 | €32,131 | €24,342 | -€7,789 | -24.2% |
| Deferred charges and accrued income | 490/1 | €24,825 | €3,705 | -€21,120 | -85.1% |
| Total equity and liabilities | 10/49 | €1,616,519 | €1,931,572 | +€315,053 | +19.5% |
| Equity | 10/15 | €526,835 | €392,261 | -€134,574 | -25.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €463,492 | €463,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €461,592 | €461,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,343 | -€90,231 | -€134,574 | |
| Amounts payable | 17/49 | €1,089,684 | €1,539,311 | +€449,627 | +41.3% |
| Amounts payable after more than one year | 17 | €20,899 | €259,938 | +€239,039 | +1143.8% |
| Financial debts | 170/4 | €20,899 | €259,938 | +€239,039 | +1143.8% |
| Amounts payable within one year | 42/48 | €1,064,054 | €1,279,373 | +€215,319 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €5,714 | €33,962 | +€28,248 | +494.4% |
| Financial debts | 43 | €216,557 | €208,140 | -€8,417 | -3.9% |
| Credit institutions | 430/8 | €216,557 | €208,140 | -€8,417 | -3.9% |
| Trade debts | 44 | €795,765 | €992,954 | +€197,189 | +24.8% |
| Suppliers | 440/4 | €795,765 | €992,954 | +€197,189 | +24.8% |
| Taxes, remuneration and social security | 45 | €45,039 | €44,317 | -€722 | -1.6% |
| Remuneration and social security | 454/9 | €45,039 | €44,317 | -€722 | -1.6% |
| Other amounts payable | 47/48 | €979 | - | -€979 | |
| Accrued charges and deferred income | 492/3 | €4,731 | - | -€4,731 | |
| Non-recurring operating income | 76A | €200 | - | -€200 | |
| Remuneration, social security and pensions | 62 | €566,938 | €588,244 | +€21,306 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,519 | €13,263 | +€4,744 | +55.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,957 | +€8,957 | |
| Other operating charges | 640/8 | €15,127 | €15,845 | +€718 | +4.7% |
| Gross operating margin | 9900 | €619,472 | €513,089 | -€106,383 | -17.2% |
| Operating profit (loss) | 9901 | €28,888 | -€113,220 | -€142,108 | |
| Financial income | 75/76B | €618 | €26 | -€592 | -95.8% |
| Recurring financial income | 75 | €618 | €26 | -€592 | -95.8% |
| Financial charges | 65/66B | €18,964 | €20,831 | +€1,867 | +9.8% |
| Recurring financial charges | 65 | €18,964 | €20,831 | +€1,867 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €10,542 | -€134,025 | -€144,567 | |
| Income taxes | 67/77 | €8,253 | €549 | -€7,704 | -93.3% |
| Profit (loss) for the period | 9904 | €2,289 | -€134,574 | -€136,863 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,289 | -€134,574 | -€136,863 |
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 1 October 2026 via checked.be.