DVP 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.
DVP PROJECTS
Largest movements
- Cash -€66,243
down €66,243 (-31.6%), from €209,584 to €143,340
mainly Investment in fixed assets (net) (-€48,618) and Net result for the year (-€38,826)
- Tangible fixed assets +€29,371
up €29,371 (+11.2%), from €262,271 to €291,642
of which Land and buildings: +€18,262
- Receivables within one year +€20,431
up €20,431 (+161%), from €12,676 to €33,107
of which Trade receivables: +€13,570
- Profit (loss) carried forward -€38,826
down €38,826 (-7.8%), from -€500,329 to -€539,155
- Debts after one year +€10,830
up €10,830 (+2.1%), from €524,949 to €535,779
- Other debts +€4,973
up €4,973 (+74.1%), from €6,712 to €11,685
- Staff costs +€28,728
up €28,728 (+46,508%), from €62 to €28,790
- Gross operating margin +€12,083
up €12,083 (+79.6%), from €15,171 to €27,254
- Financial charges +€7,058
up €7,058 (+99.4%), from €7,097 to €14,154
- Depreciation +€514
up €514 (+2.7%), from €18,733 to €19,247
- Other operating charges -€340
down €340 (-8.6%), from €3,936 to €3,596
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.
Derived cash bridge
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 | €484,531 | €468,089 | -€16,442 | -3.4% |
| Fixed assets | 21/28 | €262,271 | €291,642 | +€29,371 | +11.2% |
| Tangible fixed assets | 22/27 | €262,271 | €291,642 | +€29,371 | +11.2% |
| Land and buildings | 22 | €232,146 | €250,409 | +€18,262 | +7.9% |
| Plant, machinery and equipment | 23 | - | €5,314 | +€5,314 | |
| Furniture and vehicles | 24 | €27,125 | €32,920 | +€5,795 | +21.4% |
| Other tangible fixed assets | 26 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €222,260 | €176,447 | -€45,813 | -20.6% |
| Amounts receivable within one year | 40/41 | €12,676 | €33,107 | +€20,431 | +161% |
| Trade receivables | 40 | €12,676 | €26,246 | +€13,570 | +107% |
| Other amounts receivable | 41 | - | €6,861 | +€6,861 | |
| Cash at bank and in hand | 54/58 | €209,584 | €143,340 | -€66,243 | -31.6% |
| Total equity and liabilities | 10/49 | €484,531 | €468,089 | -€16,442 | -3.4% |
| Equity | 10/15 | -€62,902 | -€101,728 | -€38,826 | -61.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €375,454 | €375,454 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,591 | €40,591 | = | 0.0% |
| Distributable reserves | 133 | €328,665 | €328,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€500,329 | -€539,155 | -€38,826 | -7.8% |
| Amounts payable | 17/49 | €547,433 | €569,817 | +€22,384 | +4.1% |
| Amounts payable after more than one year | 17 | €524,949 | €535,779 | +€10,830 | +2.1% |
| Financial debts | 170/4 | €524,949 | €535,779 | +€10,830 | +2.1% |
| Amounts payable within one year | 42/48 | €10,490 | €19,362 | +€8,873 | +84.6% |
| Trade debts | 44 | €3,344 | €3,528 | +€184 | +5.5% |
| Suppliers | 440/4 | €3,344 | €3,528 | +€184 | +5.5% |
| Taxes, remuneration and social security | 45 | €434 | €4,150 | +€3,716 | +856% |
| Taxes | 450/3 | €434 | €300 | -€134 | -30.9% |
| Remuneration and social security | 454/9 | - | €3,850 | +€3,850 | |
| Other amounts payable | 47/48 | €6,712 | €11,685 | +€4,973 | +74.1% |
| Accrued charges and deferred income | 492/3 | €11,994 | €14,676 | +€2,681 | +22.4% |
| Remuneration, social security and pensions | 62 | €62 | €28,790 | +€28,728 | +46,508% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,733 | €19,247 | +€514 | +2.7% |
| Other operating charges | 640/8 | €3,936 | €3,596 | -€340 | -8.6% |
| Gross operating margin | 9900 | €15,171 | €27,254 | +€12,083 | +79.6% |
| Operating profit (loss) | 9901 | -€7,560 | -€24,379 | -€16,820 | -222% |
| Financial income | 75/76B | €44 | €0 | -€44 | -99.4% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -99.4% |
| Financial charges | 65/66B | €7,097 | €14,154 | +€7,058 | +99.4% |
| Recurring financial charges | 65 | €7,097 | €14,154 | +€7,058 | +99.4% |
| Profit (loss) for the period before taxes | 9903 | -€14,613 | -€38,534 | -€23,921 | -164% |
| Income taxes | 67/77 | €292 | €292 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€14,905 | -€38,826 | -€23,921 | -160% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,905 | -€38,826 | -€23,921 | -160% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.