DSM - 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.
DSM - Projects
Largest movements
- Tangible fixed assets +€33,567
up €33,567 (+170.5%), from €19,690 to €53,257
of which Other tangible fixed assets: +€25,091
- Receivables within one year +€2,862
up €2,862 (+32.5%), from €8,810 to €11,672
of which Trade receivables: +€1,480
- Cash +€1,746
up €1,746 (+5022.1%), from €35 to €1,781
mainly Trade debts (+€17,352) and Debts after one year (+€14,478)
- Trade debts +€17,352
up €17,352 (+3278.6%), from €529 to €17,881
- Debts after one year +€14,478
up €14,478 (+164.1%), from €8,820 to €23,298
- Current portion of long-term debt +€13,092
up €13,092 (+222.7%), from €5,878 to €18,970
- Profit (loss) carried forward -€6,636
new in 2024: -€6,636
- Accrued charges and deferred income +€1,254
up €1,254 (+368.8%), from €340 to €1,593
- Staff costs +€15,669
up €15,669 (+545.1%), from €2,875 to €18,544
- Gross operating margin +€9,573
up €9,573 (+59.8%), from €15,998 to €25,571
- Depreciation +€6,034
up €6,034 (+206.7%), from €2,920 to €8,954
- Taxes -€2,127
down €2,127 (-96.8%), from €2,197 to €70
- Other operating charges +€2,078
up €2,078 (+948.3%), from €219 to €2,297
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.
Cash bridge derived
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 | €28,535 | €67,153 | +€38,618 | +135.3% |
| Fixed assets | 21/28 | €19,690 | €53,257 | +€33,567 | +170.5% |
| Tangible fixed assets | 22/27 | €19,690 | €53,257 | +€33,567 | +170.5% |
| Plant, machinery and equipment | 23 | €2,363 | €1,841 | -€522 | -22.1% |
| Furniture and vehicles | 24 | €17,327 | €26,326 | +€8,998 | +51.9% |
| Other tangible fixed assets | 26 | - | €25,091 | +€25,091 | |
| Current assets | 29/58 | €8,845 | €13,896 | +€5,051 | +57.1% |
| Amounts receivable within one year | 40/41 | €8,810 | €11,672 | +€2,862 | +32.5% |
| Trade receivables | 40 | €4,855 | €6,335 | +€1,480 | +30.5% |
| Other amounts receivable | 41 | €3,955 | €5,337 | +€1,381 | +34.9% |
| Cash at bank and in hand | 54/58 | €35 | €1,781 | +€1,746 | +5022.1% |
| Deferred charges and accrued income | 490/1 | - | €443 | +€443 | |
| Total equity and liabilities | 10/49 | €28,535 | €67,153 | +€38,618 | +135.3% |
| Equity | 10/15 | €9,538 | €2,902 | -€6,636 | -69.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,038 | €7,038 | = | 0.0% |
| Distributable reserves | 133 | €7,038 | €7,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,636 | -€6,636 | |
| Amounts payable | 17/49 | €18,998 | €64,251 | +€45,253 | +238.2% |
| Amounts payable after more than one year | 17 | €8,820 | €23,298 | +€14,478 | +164.1% |
| Financial debts | 170/4 | €8,820 | €23,298 | +€14,478 | +164.1% |
| Amounts payable within one year | 42/48 | €9,838 | €39,359 | +€29,522 | +300.1% |
| Current portion of amounts payable after more than one year | 42 | €5,878 | €18,970 | +€13,092 | +222.7% |
| Trade debts | 44 | €529 | €17,881 | +€17,352 | +3278.6% |
| Suppliers | 440/4 | €529 | €17,881 | +€17,352 | +3278.6% |
| Taxes, remuneration and social security | 45 | €2,197 | €2,266 | +€70 | +3.2% |
| Taxes | 450/3 | €2,197 | €2,266 | +€70 | +3.2% |
| Other amounts payable | 47/48 | €1,234 | €242 | -€992 | -80.4% |
| Accrued charges and deferred income | 492/3 | €340 | €1,593 | +€1,254 | +368.8% |
| Remuneration, social security and pensions | 62 | €2,875 | €18,544 | +€15,669 | +545.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,920 | €8,954 | +€6,034 | +206.7% |
| Other operating charges | 640/8 | €219 | €2,297 | +€2,078 | +948.3% |
| Gross operating margin | 9900 | €15,998 | €25,571 | +€9,573 | +59.8% |
| Operating profit (loss) | 9901 | €9,985 | -€4,224 | -€14,209 | |
| Financial charges | 65/66B | €750 | €2,341 | +€1,591 | +212.1% |
| Recurring financial charges | 65 | €750 | €2,341 | +€1,591 | +212.1% |
| Profit (loss) for the period before taxes | 9903 | €9,234 | -€6,566 | -€15,800 | |
| Income taxes | 67/77 | €2,197 | €70 | -€2,127 | -96.8% |
| Profit (loss) for the period | 9904 | €7,038 | -€6,636 | -€13,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,038 | -€6,636 | -€13,673 |
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 8 October 2026 via checked.be.