DL-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.
DL-PROJECTS
Largest movements
- Receivables within one year +€20,663
up €20,663 (+186%), from €11,128 to €31,791
of which Trade receivables: +€20,118
- Cash -€19,289
down €19,289 (-60.6%), from €31,819 to €12,529
mainly Receivables within one year (-€20,663) and Debts after one year (-€10,553)
- Deferred charges and accrued income -€3,968
down €3,968 (-62.0%), from €6,396 to €2,429
- Tangible fixed assets -€2,009
down €2,009 (-11.3%), from €17,747 to €15,737
of which Furniture and vehicles: -€1,200
- Debts after one year -€10,553
down €10,553 (-49.8%), from €21,192 to €10,639
- Reserves +€7,258
up €7,258 (+21.3%), from €34,109 to €41,367
- Tax, wage and social debts -€6,443
down €6,443 (-14.8%), from €43,502 to €37,059
of which Taxes: -€4,443
- Other debts +€5,581
up €5,581 (+142%), from €3,941 to €9,522
- Trade debts -€2,307
down €2,307 (-14.4%), from €16,041 to €13,735
- Gross operating margin +€7,933
up €7,933 (+73.8%), from €10,749 to €18,682
- Financial income +€7,287
up €7,287 (+375%), from €1,941 to €9,228
of which Non-recurring financial income: +€5,315
- Taxes +€2,310
up €2,310 (+108%), from €2,146 to €4,456
- Other operating charges -€898
down €898 (-31.0%), from €2,900 to €2,002
- Financial charges +€609
up €609 (+11.2%), from €5,426 to €6,035
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 | €132,090 | €127,486 | -€4,603 | -3.5% |
| Fixed assets | 21/28 | €17,747 | €15,737 | -€2,009 | -11.3% |
| Tangible fixed assets | 22/27 | €17,747 | €15,737 | -€2,009 | -11.3% |
| Furniture and vehicles | 24 | €10,685 | €9,485 | -€1,200 | -11.2% |
| Other tangible fixed assets | 26 | €7,062 | €6,252 | -€809 | -11.5% |
| Current assets | 29/58 | €114,343 | €111,749 | -€2,594 | -2.3% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,128 | €31,791 | +€20,663 | +186% |
| Trade receivables | 40 | €11,128 | €31,247 | +€20,118 | +181% |
| Other amounts receivable | 41 | - | €544 | +€544 | |
| Cash at bank and in hand | 54/58 | €31,819 | €12,529 | -€19,289 | -60.6% |
| Deferred charges and accrued income | 490/1 | €6,396 | €2,429 | -€3,968 | -62.0% |
| Total equity and liabilities | 10/49 | €132,090 | €127,486 | -€4,603 | -3.5% |
| Equity | 10/15 | €36,609 | €43,867 | +€7,258 | +19.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,109 | €41,367 | +€7,258 | +21.3% |
| Distributable reserves | 133 | €34,109 | €41,367 | +€7,258 | +21.3% |
| Amounts payable | 17/49 | €95,481 | €83,620 | -€11,861 | -12.4% |
| Amounts payable after more than one year | 17 | €21,192 | €10,639 | -€10,553 | -49.8% |
| Financial debts | 170/4 | €21,192 | €10,639 | -€10,553 | -49.8% |
| Amounts payable within one year | 42/48 | €73,039 | €71,731 | -€1,309 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,554 | €10,553 | +€998 | +10.5% |
| Financial debts | 43 | - | €862 | +€862 | |
| Credit institutions | 430/8 | - | €862 | +€862 | |
| Trade debts | 44 | €16,041 | €13,735 | -€2,307 | -14.4% |
| Suppliers | 440/4 | €16,041 | €13,735 | -€2,307 | -14.4% |
| Taxes, remuneration and social security | 45 | €43,502 | €37,059 | -€6,443 | -14.8% |
| Taxes | 450/3 | €38,502 | €34,059 | -€4,443 | -11.5% |
| Remuneration and social security | 454/9 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Other amounts payable | 47/48 | €3,941 | €9,522 | +€5,581 | +142% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,009 | €2,009 | = | 0.0% |
| Other operating charges | 640/8 | €2,900 | €2,002 | -€898 | -31.0% |
| Non-recurring operating charges | 66A | - | €6,150 | +€6,150 | |
| Gross operating margin | 9900 | €10,749 | €18,682 | +€7,933 | +73.8% |
| Operating profit (loss) | 9901 | €5,839 | €8,521 | +€2,682 | +45.9% |
| Financial income | 75/76B | €1,941 | €9,228 | +€7,287 | +375% |
| Recurring financial income | 75 | €1,941 | €3,913 | +€1,972 | +102% |
| Non-recurring financial income | 76B | - | €5,315 | +€5,315 | |
| Financial charges | 65/66B | €5,426 | €6,035 | +€609 | +11.2% |
| Recurring financial charges | 65 | €5,426 | €6,035 | +€609 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €2,354 | €11,714 | +€9,360 | +398% |
| Income taxes | 67/77 | €2,146 | €4,456 | +€2,310 | +108% |
| Profit (loss) for the period | 9904 | €208 | €7,258 | +€7,050 | +3,397% |
| Profit (loss) for the period to be appropriated | 9905 | €208 | €7,258 | +€7,050 | +3,397% |
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 17 October 2026 via checked.be.