DSD Projects: 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.
DSD Projects
Largest movements
- Receivables within one year +€38,246
up €38,246 (+36.7%), from €104,117 to €142,363
of which Other amounts receivable: +€40,252
- Stocks and contracts -€7,488
down €7,488 (-91.5%), from €8,188 to €700
- Cash +€6,359
up €6,359 (+161.4%), from €3,940 to €10,299
- Tangible fixed assets -€2,462
down €2,462 (-27.4%), from €8,993 to €6,531
- Trade debts +€17,870
up €17,870 (+211.0%), from €8,469 to €26,338
- Reserves +€17,795
up €17,795 (+23.9%), from €74,326 to €92,121
- Short-term financial debts +€8,657
up €8,657 (+129.9%), from €6,666 to €15,322
- Current portion of long-term debt -€7,815
down €7,815 (-55.5%), from €14,071 to €6,257
- Tax, wage and social debts -€2,423
down €2,423 (-12.1%), from €20,042 to €17,619
- Gross operating margin -€61,045
no longer reported in 2024 (was €61,045)
- Other operating charges -€13,825
no longer reported in 2024 (was €13,825)
- Taxes -€13,150
no longer reported in 2024 (was €13,150)
- Financial charges -€4,431
no longer reported in 2024 (was €4,431)
- Depreciation -€2,324
no longer reported in 2024 (was €2,324)
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,801 | €162,252 | +€33,450 | +26.0% |
| Fixed assets | 21/28 | €10,193 | €7,731 | -€2,462 | -24.2% |
| Tangible fixed assets | 22/27 | €8,993 | €6,531 | -€2,462 | -27.4% |
| Plant, machinery and equipment | 23 | €2,843 | €1,930 | -€913 | -32.1% |
| Furniture and vehicles | 24 | €1,626 | €884 | -€742 | -45.7% |
| Other tangible fixed assets | 26 | €4,524 | €3,718 | -€807 | -17.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €118,608 | €154,520 | +€35,912 | +30.3% |
| Stocks and contracts in progress | 3 | €8,188 | €700 | -€7,488 | -91.5% |
| Stocks | 30/36 | €8,188 | €700 | -€7,488 | -91.5% |
| Amounts receivable within one year | 40/41 | €104,117 | €142,363 | +€38,246 | +36.7% |
| Trade receivables | 40 | €16,945 | €14,939 | -€2,006 | -11.8% |
| Other amounts receivable | 41 | €87,172 | €127,424 | +€40,252 | +46.2% |
| Cash at bank and in hand | 54/58 | €3,940 | €10,299 | +€6,359 | +161.4% |
| Deferred charges and accrued income | 490/1 | €2,364 | €1,159 | -€1,205 | -51.0% |
| Total equity and liabilities | 10/49 | €128,801 | €162,252 | +€33,450 | +26.0% |
| Equity | 10/15 | €75,826 | €93,621 | +€17,795 | +23.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €74,326 | €92,121 | +€17,795 | +23.9% |
| Distributable reserves | 133 | €74,326 | €92,121 | +€17,795 | +23.9% |
| Amounts payable | 17/49 | €52,975 | €68,630 | +€15,655 | +29.6% |
| Amounts payable after more than one year | 17 | €3,727 | €3,094 | -€634 | -17.0% |
| Financial debts | 170/4 | €3,727 | €3,094 | -€634 | -17.0% |
| Amounts payable within one year | 42/48 | €49,247 | €65,536 | +€16,289 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €14,071 | €6,257 | -€7,815 | -55.5% |
| Financial debts | 43 | €6,666 | €15,322 | +€8,657 | +129.9% |
| Credit institutions | 430/8 | €6,666 | €15,322 | +€8,657 | +129.9% |
| Trade debts | 44 | €8,469 | €26,338 | +€17,870 | +211.0% |
| Suppliers | 440/4 | €8,469 | €26,338 | +€17,870 | +211.0% |
| Taxes, remuneration and social security | 45 | €20,042 | €17,619 | -€2,423 | -12.1% |
| Taxes | 450/3 | €20,042 | €17,619 | -€2,423 | -12.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,324 | - | -€2,324 | |
| Other operating charges | 640/8 | €13,825 | - | -€13,825 | |
| Gross operating margin | 9900 | €61,045 | - | -€61,045 | |
| Operating profit (loss) | 9901 | €44,895 | - | -€44,895 | |
| Financial income | 75/76B | €198 | - | -€198 | |
| Recurring financial income | 75 | €198 | - | -€198 | |
| Financial charges | 65/66B | €4,431 | - | -€4,431 | |
| Recurring financial charges | 65 | €4,431 | - | -€4,431 | |
| Profit (loss) for the period before taxes | 9903 | €40,662 | - | -€40,662 | |
| Income taxes | 67/77 | €13,150 | - | -€13,150 | |
| Profit (loss) for the period | 9904 | €27,512 | - | -€27,512 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,512 | - | -€27,512 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.