DZV-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.
DZV-Projects
Largest movements
- Cash -€4,455
down €4,455 (-28.3%), from €15,734 to €11,280
mainly Tax, wage and social debts (-€8,146) and Receivables within one year (-€4,011)
- Receivables within one year +€4,011
up €4,011 (+54.8%), from €7,322 to €11,333
of which Other amounts receivable: +€4,994
- Tangible fixed assets +€2,025
new in 2025: €2,025
- Reserves +€11,045
up €11,045 (+148%), from €7,463 to €18,508
- Tax, wage and social debts -€8,146
down €8,146 (-74.6%), from €10,914 to €2,768
of which Remuneration and social security: -€9,011
- Trade debts -€1,317
down €1,317 (-78.5%), from €1,679 to €362
- Gross operating margin +€7,215
up €7,215 (+73.3%), from €9,843 to €17,059
- Financial charges +€2,189
up €2,189 (+2,461%), from €89 to €2,278
- Taxes +€865
up €865 (+46.4%), from €1,866 to €2,731
- Other operating charges +€337
up €337 (+79.4%), from €425 to €763
- Depreciation +€242
new in 2025: €242
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 | €23,056 | €24,638 | +€1,582 | +6.9% |
| Fixed assets | 21/28 | - | €2,025 | +€2,025 | |
| Tangible fixed assets | 22/27 | - | €2,025 | +€2,025 | |
| Plant, machinery and equipment | 23 | - | €2,025 | +€2,025 | |
| Current assets | 29/58 | €23,056 | €22,613 | -€443 | -1.9% |
| Amounts receivable within one year | 40/41 | €7,322 | €11,333 | +€4,011 | +54.8% |
| Trade receivables | 40 | €5,668 | €4,686 | -€982 | -17.3% |
| Other amounts receivable | 41 | €1,653 | €6,647 | +€4,994 | +302% |
| Cash at bank and in hand | 54/58 | €15,734 | €11,280 | -€4,455 | -28.3% |
| Total equity and liabilities | 10/49 | €23,056 | €24,638 | +€1,582 | +6.9% |
| Equity | 10/15 | €10,463 | €21,508 | +€11,045 | +106% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,463 | €18,508 | +€11,045 | +148% |
| Distributable reserves | 133 | €7,463 | €18,508 | +€11,045 | +148% |
| Amounts payable | 17/49 | €12,593 | €3,129 | -€9,463 | -75.1% |
| Amounts payable within one year | 42/48 | €12,593 | €3,129 | -€9,463 | -75.1% |
| Trade debts | 44 | €1,679 | €362 | -€1,317 | -78.5% |
| Suppliers | 440/4 | €1,679 | €362 | -€1,317 | -78.5% |
| Taxes, remuneration and social security | 45 | €10,914 | €2,768 | -€8,146 | -74.6% |
| Taxes | 450/3 | €1,866 | €2,731 | +€865 | +46.4% |
| Remuneration and social security | 454/9 | €9,048 | €37 | -€9,011 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €242 | +€242 | |
| Other operating charges | 640/8 | €425 | €763 | +€337 | +79.4% |
| Gross operating margin | 9900 | €9,843 | €17,059 | +€7,215 | +73.3% |
| Operating profit (loss) | 9901 | €9,418 | €16,054 | +€6,636 | +70.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -91.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -91.7% |
| Financial charges | 65/66B | €89 | €2,278 | +€2,189 | +2,461% |
| Recurring financial charges | 65 | €89 | €2,278 | +€2,189 | +2,461% |
| Profit (loss) for the period before taxes | 9903 | €9,329 | €13,776 | +€4,447 | +47.7% |
| Income taxes | 67/77 | €1,866 | €2,731 | +€865 | +46.4% |
| Profit (loss) for the period | 9904 | €7,463 | €11,045 | +€3,582 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,463 | €11,045 | +€3,582 | +48.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.