DVM PROJECTS: what changed
What changed
DVM PROJECTS
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€246,306
2025 · €139,877+€106,428
Equity
€660,021
2025 · €653,716+€6,306
Cash
€168,594
2025 · €44,547+€124,047
Balance sheet total
€1.5m
2025 · €1.4m+€137,982
Largest movements
Assets
- Cash +€124,047
up €124,047 (+278%), from €44,547 to €168,594
mainly Net result for the year (+€246,306) and Other debts (+€181,834)
- Receivables within one year +€34,197
up €34,197 (+10.6%), from €321,586 to €355,783
of which Other amounts receivable: +€38,106
Equity and liabilities
- Other debts +€181,834
up €181,834 (+133%), from €136,414 to €318,248
- Debts after one year -€71,715
down €71,715 (-15.1%), from €475,297 to €403,582
Income statement
- Financial income +€59,990
up €59,990 (+60.0%), from €100,010 to €160,000
- Gross operating margin +€48,984
up €48,984 (+23.9%), from €205,341 to €254,326
- Depreciation -€37,236
down €37,236 (-55.9%), from €66,667 to €29,431
- Staff costs +€30,779
up €30,779 (+61.5%), from €50,070 to €80,849
- Financial charges +€12,777
up €12,777 (+95.3%), from €13,410 to €26,187
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€139,877
Gross operating margin
+€48,984
Staff costs
-€30,779
Depreciation
+€37,236
Other operating charges
+€2,082
Financial income
+€59,990
Financial charges
-€12,777
Taxes
+€1,693
Result 2026
€246,306
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€453,158
Investment
-€15,925
Financing
-€313,186
Cash 2025
€44,547
From operations (derived)
+€453,158
Net result for the year
+€246,306
Depreciation
+€29,431
Receivables within one year
-€34,197
Deferred charges and accrued income
+€6,756
Trade debts
+€8,694
Tax, wage and social debts
+€6,132
Other debts
+€181,834
Accrued charges and deferred income
+€8,203
Investment (derived)
-€15,925
Investment in fixed assets (net)
-€15,925
Financing
-€313,186
Debts after one year
-€71,715
Current portion of long-term debt
-€1,471
Contributions, distributions and other
-€240,000
Cash 2026
€168,594
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,785 | €1,518,767 | +€137,982 | +10.0% |
| Fixed assets | 21/28 | €1,003,484 | €989,978 | -€13,506 | -1.3% |
| Tangible fixed assets | 22/27 | €520,209 | €506,703 | -€13,506 | -2.6% |
| Land and buildings | 22 | €517,834 | €504,600 | -€13,234 | -2.6% |
| Plant, machinery and equipment | 23 | €2,375 | €2,103 | -€272 | -11.4% |
| Financial fixed assets | 28 | €483,275 | €483,275 | = | 0.0% |
| Current assets | 29/58 | €377,301 | €528,789 | +€151,488 | +40.2% |
| Amounts receivable within one year | 40/41 | €321,586 | €355,783 | +€34,197 | +10.6% |
| Trade receivables | 40 | €28,342 | €24,432 | -€3,909 | -13.8% |
| Other amounts receivable | 41 | €293,244 | €331,350 | +€38,106 | +13.0% |
| Cash at bank and in hand | 54/58 | €44,547 | €168,594 | +€124,047 | +278% |
| Deferred charges and accrued income | 490/1 | €11,168 | €4,412 | -€6,756 | -60.5% |
| Total equity and liabilities | 10/49 | €1,380,785 | €1,518,767 | +€137,982 | +10.0% |
| Equity | 10/15 | €653,716 | €660,021 | +€6,306 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €635,116 | €641,421 | +€6,306 | +1.0% |
| Distributable reserves | 133 | €635,116 | €641,421 | +€6,306 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €727,070 | €858,746 | +€131,677 | +18.1% |
| Amounts payable after more than one year | 17 | €475,297 | €403,582 | -€71,715 | -15.1% |
| Financial debts | 170/4 | €475,297 | €403,582 | -€71,715 | -15.1% |
| Amounts payable within one year | 42/48 | €239,829 | €435,017 | +€195,189 | +81.4% |
| Current portion of amounts payable after more than one year | 42 | €76,002 | €74,530 | -€1,471 | -1.9% |
| Trade debts | 44 | €5,332 | €14,026 | +€8,694 | +163% |
| Suppliers | 440/4 | €5,332 | €14,026 | +€8,694 | +163% |
| Taxes, remuneration and social security | 45 | €22,080 | €28,213 | +€6,132 | +27.8% |
| Taxes | 450/3 | €12,122 | €15,711 | +€3,589 | +29.6% |
| Remuneration and social security | 454/9 | €9,959 | €12,502 | +€2,543 | +25.5% |
| Other amounts payable | 47/48 | €136,414 | €318,248 | +€181,834 | +133% |
| Accrued charges and deferred income | 492/3 | €11,944 | €20,147 | +€8,203 | +68.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €50,070 | €80,849 | +€30,779 | +61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,667 | €29,431 | -€37,236 | -55.9% |
| Other operating charges | 640/8 | €10,925 | €8,843 | -€2,082 | -19.1% |
| Gross operating margin | 9900 | €205,341 | €254,326 | +€48,984 | +23.9% |
| Operating profit (loss) | 9901 | €77,679 | €135,202 | +€57,523 | +74.1% |
| Financial income | 75/76B | €100,010 | €160,000 | +€59,990 | +60.0% |
| Recurring financial income | 75 | €100,010 | €160,000 | +€59,990 | +60.0% |
| Financial charges | 65/66B | €13,410 | €26,187 | +€12,777 | +95.3% |
| Recurring financial charges | 65 | €13,410 | €26,187 | +€12,777 | +95.3% |
| Profit (loss) for the period before taxes | 9903 | €164,280 | €269,016 | +€104,735 | +63.8% |
| Income taxes | 67/77 | €24,403 | €22,710 | -€1,693 | -6.9% |
| Profit (loss) for the period | 9904 | €139,877 | €246,306 | +€106,428 | +76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €139,877 | €246,306 | +€106,428 | +76.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.