DP-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.
DP-Projects
Largest movements
- Receivables within one year +€81,507
up €81,507 (+70.5%), from €115,575 to €197,082
of which Trade receivables: +€78,061
- Cash -€53,852
down €53,852 (-77.0%), from €69,947 to €16,096
mainly Receivables within one year (-€81,507) and Other debts (-€27,313)
- Tangible fixed assets -€18,903
down €18,903 (-15.5%), from €122,026 to €103,123
of which Land and buildings: -€17,180
- Stocks and contracts +€9,726
up €9,726 (+30.4%), from €32,030 to €41,756
of which Contracts in progress: +€14,890
- Reserves +€33,478
up €33,478 (+28.5%), from €117,463 to €150,941
- Other debts -€27,313
down €27,313 (-25.4%), from €107,721 to €80,407
- Tax, wage and social debts +€12,695
up €12,695 (+50.3%), from €25,232 to €37,927
of which Remuneration and social security: +€12,709
- Debts after one year -€8,669
down €8,669 (-20.5%), from €42,385 to €33,716
- Trade debts +€7,457
up €7,457 (+21.4%), from €34,833 to €42,290
- Gross operating margin +€119,733
up €119,733 (+41.9%), from €285,852 to €405,585
- Staff costs +€78,177
up €78,177 (+36.0%), from €217,043 to €295,220
- Taxes +€13,290
up €13,290 (+137.8%), from €9,648 to €22,938
- Financial charges -€5,487
down €5,487 (-49.6%), from €11,074 to €5,586
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 | €342,372 | €360,151 | +€17,779 | +5.2% |
| Fixed assets | 21/28 | €124,820 | €105,217 | -€19,603 | -15.7% |
| Intangible fixed assets | 21 | €2,794 | €2,094 | -€700 | -25.1% |
| Tangible fixed assets | 22/27 | €122,026 | €103,123 | -€18,903 | -15.5% |
| Land and buildings | 22 | €111,959 | €94,779 | -€17,180 | -15.3% |
| Plant, machinery and equipment | 23 | €4,966 | €3,720 | -€1,246 | -25.1% |
| Furniture and vehicles | 24 | €5,101 | €4,624 | -€477 | -9.3% |
| Current assets | 29/58 | €217,552 | €254,934 | +€37,382 | +17.2% |
| Stocks and contracts in progress | 3 | €32,030 | €41,756 | +€9,726 | +30.4% |
| Stocks | 30/36 | €26,218 | €21,054 | -€5,164 | -19.7% |
| Contracts in progress | 37 | €5,812 | €20,702 | +€14,890 | +256.2% |
| Amounts receivable within one year | 40/41 | €115,575 | €197,082 | +€81,507 | +70.5% |
| Trade receivables | 40 | €105,111 | €183,171 | +€78,061 | +74.3% |
| Other amounts receivable | 41 | €10,464 | €13,910 | +€3,446 | +32.9% |
| Cash at bank and in hand | 54/58 | €69,947 | €16,096 | -€53,852 | -77.0% |
| Total equity and liabilities | 10/49 | €342,372 | €360,151 | +€17,779 | +5.2% |
| Equity | 10/15 | €123,663 | €157,141 | +€33,478 | +27.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,463 | €150,941 | +€33,478 | +28.5% |
| Distributable reserves | 133 | €117,463 | €150,941 | +€33,478 | +28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €218,709 | €203,010 | -€15,699 | -7.2% |
| Amounts payable after more than one year | 17 | €42,385 | €33,716 | -€8,669 | -20.5% |
| Financial debts | 170/4 | €42,385 | €33,716 | -€8,669 | -20.5% |
| Amounts payable within one year | 42/48 | €176,324 | €169,294 | -€7,030 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €8,538 | €8,669 | +€132 | +1.5% |
| Trade debts | 44 | €34,833 | €42,290 | +€7,457 | +21.4% |
| Suppliers | 440/4 | €34,833 | €42,290 | +€7,457 | +21.4% |
| Taxes, remuneration and social security | 45 | €25,232 | €37,927 | +€12,695 | +50.3% |
| Taxes | 450/3 | €76 | €62 | -€14 | -18.0% |
| Remuneration and social security | 454/9 | €25,156 | €37,865 | +€12,709 | +50.5% |
| Other amounts payable | 47/48 | €107,721 | €80,407 | -€27,313 | -25.4% |
| Remuneration, social security and pensions | 62 | €217,043 | €295,220 | +€78,177 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,666 | €23,050 | -€1,616 | -6.6% |
| Other operating charges | 640/8 | €4,024 | €4,824 | +€799 | +19.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €285,852 | €405,585 | +€119,733 | +41.9% |
| Operating profit (loss) | 9901 | €40,118 | €82,491 | +€42,372 | +105.6% |
| Financial income | 75/76B | €6 | €1 | -€5 | -83.4% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -83.4% |
| Financial charges | 65/66B | €11,074 | €5,586 | -€5,487 | -49.6% |
| Recurring financial charges | 65 | €11,074 | €5,586 | -€5,487 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €29,051 | €76,905 | +€47,855 | +164.7% |
| Income taxes | 67/77 | €9,648 | €22,938 | +€13,290 | +137.8% |
| Profit (loss) for the period | 9904 | €19,403 | €53,967 | +€34,564 | +178.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,403 | €53,967 | +€34,564 | +178.1% |
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 10 October 2026 via checked.be.