DLP PROJECT: 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.
DLP PROJECT
Largest movements
- Current investments +€250,000
up €250,000 (+100.0%), from €250,000 to €500,000
- Cash -€75,648
down €75,648 (-28.2%), from €268,366 to €192,718
mainly Contributions, distributions and other (-€462,200) and Current investments (-€250,000)
- Tangible fixed assets -€28,185
down €28,185 (-4.0%), from €712,091 to €683,906
- Other debts +€434,500
up €434,500 (+8812.1%), from €4,931 to €439,430
- Reserves -€219,200
down €219,200 (-21.5%), from €1.0m to €800,710
of which Distributable reserves: -€219,200
- Debts after one year -€53,588
down €53,588 (-44.2%), from €121,258 to €67,670
- Gross operating margin +€64,861
up €64,861 (+20.6%), from €315,134 to €379,995
- Taxes +€23,685
up €23,685 (+28.3%), from €83,768 to €107,453
- Financial income +€10,007
new in 2025: €10,007
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 | €1,269,608 | €1,417,556 | +€147,948 | +11.7% |
| Fixed assets | 21/28 | €718,083 | €690,477 | -€27,607 | -3.8% |
| Tangible fixed assets | 22/27 | €712,091 | €683,906 | -€28,185 | -4.0% |
| Land and buildings | 22 | €712,091 | €683,906 | -€28,185 | -4.0% |
| Financial fixed assets | 28 | €5,993 | €6,571 | +€578 | +9.6% |
| Current assets | 29/58 | €551,524 | €727,079 | +€175,554 | +31.8% |
| Amounts receivable within one year | 40/41 | €32,505 | €33,551 | +€1,046 | +3.2% |
| Trade receivables | 40 | €32,403 | €33,336 | +€933 | +2.9% |
| Other amounts receivable | 41 | €102 | €215 | +€113 | +111.5% |
| Current investments | 50/53 | €250,000 | €500,000 | +€250,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €268,366 | €192,718 | -€75,648 | -28.2% |
| Deferred charges and accrued income | 490/1 | €653 | €810 | +€156 | +23.9% |
| Total equity and liabilities | 10/49 | €1,269,608 | €1,417,556 | +€147,948 | +11.7% |
| Equity | 10/15 | €1,032,329 | €813,310 | -€219,020 | -21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,019,910 | €800,710 | -€219,200 | -21.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,018,050 | €798,850 | -€219,200 | -21.5% |
| Profit (loss) carried forward | 14 | €19 | €200 | +€180 | +932.0% |
| Amounts payable | 17/49 | €237,278 | €604,246 | +€366,968 | +154.7% |
| Amounts payable after more than one year | 17 | €121,258 | €67,670 | -€53,588 | -44.2% |
| Financial debts | 170/4 | €121,258 | €67,670 | -€53,588 | -44.2% |
| Amounts payable within one year | 42/48 | €114,937 | €535,121 | +€420,184 | +365.6% |
| Current portion of amounts payable after more than one year | 42 | €54,929 | €53,588 | -€1,341 | -2.4% |
| Trade debts | 44 | €3,004 | €1,107 | -€1,897 | -63.1% |
| Suppliers | 440/4 | €3,004 | €1,107 | -€1,897 | -63.1% |
| Taxes, remuneration and social security | 45 | €52,073 | €40,996 | -€11,078 | -21.3% |
| Taxes | 450/3 | €47,073 | €37,996 | -€9,078 | -19.3% |
| Remuneration and social security | 454/9 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Other amounts payable | 47/48 | €4,931 | €439,430 | +€434,500 | +8812.1% |
| Accrued charges and deferred income | 492/3 | €1,083 | €1,455 | +€372 | +34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,224 | €28,185 | -€39 | -0.1% |
| Other operating charges | 640/8 | €6,953 | €7,196 | +€243 | +3.5% |
| Gross operating margin | 9900 | €315,134 | €379,995 | +€64,861 | +20.6% |
| Operating profit (loss) | 9901 | €279,957 | €344,614 | +€64,657 | +23.1% |
| Financial income | 75/76B | - | €10,007 | +€10,007 | |
| Recurring financial income | 75 | - | €10,007 | +€10,007 | |
| Financial charges | 65/66B | €3,675 | €3,987 | +€312 | +8.5% |
| Recurring financial charges | 65 | €3,675 | €3,987 | +€312 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €276,281 | €350,633 | +€74,352 | +26.9% |
| Income taxes | 67/77 | €83,768 | €107,453 | +€23,685 | +28.3% |
| Profit (loss) for the period | 9904 | €192,513 | €243,180 | +€50,667 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192,513 | €243,180 | +€50,667 | +26.3% |
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 5 October 2026 via checked.be.