DSB 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.
DSB PROJECTS
Largest movements
- Cash +€443,477
up €443,477 (+452%), from €98,147 to €541,624
mainly Short-term financial debts (+€518,363) and Tax, wage and social debts (+€219,360)
- Receivables within one year +€233,542
up €233,542 (+37.2%), from €627,458 to €861,000
of which Other amounts receivable: +€365,491
- Stocks and contracts +€223,703
up €223,703 (+20.4%), from €1.1m to €1.3m
of which Contracts in progress: +€155,138
- Short-term financial debts +€518,363
up €518,363 (+61.1%), from €849,000 to €1.4m
- Tax, wage and social debts +€219,360
new in 2024: €219,360
- Reserves +€117,551
new in 2024: €117,551
- Trade debts +€41,843
up €41,843 (+11.2%), from €372,053 to €413,896
- Profit (loss) carried forward +€30,805
up €30,805, from -€30,805 to €0
- Gross operating margin +€318,583
up €318,583 (+552%), from €57,691 to €376,274
- Financial charges +€108,456
up €108,456 (+127%), from €85,351 to €193,807
- Taxes +€39,402
new in 2024: €39,402
- Financial income +€7,063
new in 2024: €7,063
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,004,798 | €2,905,520 | +€900,721 | +44.9% |
| Fixed assets | 21/28 | €185,000 | €185,000 | = | 0.0% |
| Financial fixed assets | 28 | €185,000 | €185,000 | = | 0.0% |
| Current assets | 29/58 | €1,819,798 | €2,720,520 | +€900,721 | +49.5% |
| Stocks and contracts in progress | 3 | €1,094,193 | €1,317,896 | +€223,703 | +20.4% |
| Stocks | 30/36 | €1,094,193 | €1,162,758 | +€68,565 | +6.3% |
| Contracts in progress | 37 | - | €155,138 | +€155,138 | |
| Amounts receivable within one year | 40/41 | €627,458 | €861,000 | +€233,542 | +37.2% |
| Trade receivables | 40 | €131,950 | €0 | -€131,950 | -100% |
| Other amounts receivable | 41 | €495,509 | €861,000 | +€365,491 | +73.8% |
| Cash at bank and in hand | 54/58 | €98,147 | €541,624 | +€443,477 | +452% |
| Total equity and liabilities | 10/49 | €2,004,798 | €2,905,520 | +€900,721 | +44.9% |
| Equity | 10/15 | €39,195 | €187,551 | +€148,356 | +379% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | - | €117,551 | +€117,551 | |
| Distributable reserves | 133 | - | €117,551 | +€117,551 | |
| Profit (loss) carried forward | 14 | -€30,805 | €0 | +€30,805 | |
| Amounts payable | 17/49 | €1,965,603 | €2,717,969 | +€752,366 | +38.3% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,765,603 | €2,517,969 | +€752,366 | +42.6% |
| Financial debts | 43 | €849,000 | €1,367,363 | +€518,363 | +61.1% |
| Credit institutions | 430/8 | €849,000 | €1,367,363 | +€518,363 | +61.1% |
| Trade debts | 44 | €372,053 | €413,896 | +€41,843 | +11.2% |
| Suppliers | 440/4 | €372,053 | €413,896 | +€41,843 | +11.2% |
| Advances received on contracts in progress | 46 | €60,550 | €33,350 | -€27,200 | -44.9% |
| Taxes, remuneration and social security | 45 | - | €219,360 | +€219,360 | |
| Taxes | 450/3 | - | €219,360 | +€219,360 | |
| Other amounts payable | 47/48 | €484,000 | €484,000 | = | 0.0% |
| Other operating charges | 640/8 | €3,144 | €1,773 | -€1,372 | -43.6% |
| Gross operating margin | 9900 | €57,691 | €376,274 | +€318,583 | +552% |
| Operating profit (loss) | 9901 | €54,547 | €374,501 | +€319,954 | +587% |
| Financial income | 75/76B | - | €7,063 | +€7,063 | |
| Recurring financial income | 75 | - | €7,063 | +€7,063 | |
| Financial charges | 65/66B | €85,351 | €193,807 | +€108,456 | +127% |
| Recurring financial charges | 65 | €85,351 | €193,807 | +€108,456 | +127% |
| Profit (loss) for the period before taxes | 9903 | -€30,805 | €187,757 | +€218,562 | |
| Income taxes | 67/77 | - | €39,402 | +€39,402 | |
| Profit (loss) for the period | 9904 | -€30,805 | €148,356 | +€179,160 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,805 | €148,356 | +€179,160 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.