DP 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.
DP PROJECT
Largest movements
- Receivables within one year +€58,604
up €58,604 (+32.8%), from €178,441 to €237,045
of which Trade receivables: +€58,604
- Deferred charges and accrued income +€24,904
up €24,904 (+88.8%), from €28,044 to €52,948
- Cash -€23,605
down €23,605 (-14.0%), from €168,854 to €145,248
mainly Investment in fixed assets (net) (-€109,454) and Net result for the year (-€65,805)
- Profit (loss) carried forward -€65,806
down €65,806, from €6,390 to -€59,416
- Trade debts +€61,622
up €61,622 (+13.1%), from €471,413 to €533,036
- Debts after one year -€48,760
down €48,760 (-9.2%), from €530,296 to €481,536
- Tax, wage and social debts +€41,636
up €41,636 (+13.6%), from €306,258 to €347,894
of which Remuneration and social security: +€33,413
- Current portion of long-term debt +€40,371
up €40,371 (+32.3%), from €124,903 to €165,274
- Staff costs +€149,776
up €149,776 (+6.5%), from €2.3m to €2.4m
- Gross operating margin +€131,472
up €131,472 (+5.4%), from €2.4m to €2.6m
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 | €1,600,352 | €1,628,560 | +€28,207 | +1.8% |
| Fixed assets | 21/28 | €1,010,012 | €993,452 | -€16,560 | -1.6% |
| Intangible fixed assets | 21 | - | €2,007 | +€2,007 | |
| Tangible fixed assets | 22/27 | €973,092 | €960,908 | -€12,184 | -1.3% |
| Land and buildings | 22 | €502,944 | €485,750 | -€17,194 | -3.4% |
| Plant, machinery and equipment | 23 | €258,391 | €247,158 | -€11,233 | -4.3% |
| Furniture and vehicles | 24 | €92,736 | €60,533 | -€32,202 | -34.7% |
| Other tangible fixed assets | 26 | €119,021 | €167,467 | +€48,446 | +40.7% |
| Financial fixed assets | 28 | €36,920 | €30,537 | -€6,384 | -17.3% |
| Current assets | 29/58 | €590,340 | €635,108 | +€44,768 | +7.6% |
| Stocks and contracts in progress | 3 | €215,002 | €199,867 | -€15,135 | -7.0% |
| Stocks | 30/36 | €215,002 | €199,867 | -€15,135 | -7.0% |
| Amounts receivable within one year | 40/41 | €178,441 | €237,045 | +€58,604 | +32.8% |
| Trade receivables | 40 | €172,495 | €231,099 | +€58,604 | +34.0% |
| Other amounts receivable | 41 | €5,945 | €5,945 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €168,854 | €145,248 | -€23,605 | -14.0% |
| Deferred charges and accrued income | 490/1 | €28,044 | €52,948 | +€24,904 | +88.8% |
| Total equity and liabilities | 10/49 | €1,600,352 | €1,628,560 | +€28,207 | +1.8% |
| Equity | 10/15 | €24,990 | -€40,816 | -€65,806 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,390 | -€59,416 | -€65,806 | |
| Amounts payable | 17/49 | €1,575,362 | €1,669,375 | +€94,013 | +6.0% |
| Amounts payable after more than one year | 17 | €530,296 | €481,536 | -€48,760 | -9.2% |
| Financial debts | 170/4 | €530,296 | €481,536 | -€48,760 | -9.2% |
| Amounts payable within one year | 42/48 | €1,045,066 | €1,183,557 | +€138,491 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €124,903 | €165,274 | +€40,371 | +32.3% |
| Trade debts | 44 | €471,413 | €533,036 | +€61,622 | +13.1% |
| Suppliers | 440/4 | €471,413 | €533,036 | +€61,622 | +13.1% |
| Taxes, remuneration and social security | 45 | €306,258 | €347,894 | +€41,636 | +13.6% |
| Taxes | 450/3 | €5,359 | €13,582 | +€8,223 | +153.4% |
| Remuneration and social security | 454/9 | €300,899 | €334,312 | +€33,413 | +11.1% |
| Other amounts payable | 47/48 | €142,492 | €137,354 | -€5,138 | -3.6% |
| Accrued charges and deferred income | 492/3 | - | €4,282 | +€4,282 | |
| Remuneration, social security and pensions | 62 | €2,296,614 | €2,446,389 | +€149,776 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,207 | €126,014 | +€15,807 | +14.3% |
| Other operating charges | 640/8 | €16,282 | €9,091 | -€7,191 | -44.2% |
| Gross operating margin | 9900 | €2,445,426 | €2,576,898 | +€131,472 | +5.4% |
| Operating profit (loss) | 9901 | €22,323 | -€4,597 | -€26,920 | |
| Financial income | 75/76B | €156 | €234 | +€78 | +49.9% |
| Recurring financial income | 75 | €156 | €234 | +€78 | +49.9% |
| Financial charges | 65/66B | €58,159 | €61,441 | +€3,283 | +5.6% |
| Recurring financial charges | 65 | €58,159 | €61,441 | +€3,283 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,680 | -€65,805 | -€30,125 | -84.4% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€35,680 | -€65,805 | -€30,125 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,680 | -€65,805 | -€30,125 | -84.4% |
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.