PROJET DR: what changed
What changed
PROJET DR
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
-€9,206
2024 · €11,505-€20,711
Equity
€34,873
2024 · €44,079-€9,206
Cash
€9,146
2024 · €9,883-€737
Balance sheet total
€83,897
2024 · €114,786-€30,889
Largest movements
Assets
- Receivables within one year -€27,993
down €27,993 (-54.6%), from €51,281 to €23,288
of which Trade receivables: -€27,973
- Tangible fixed assets -€7,318
down €7,318 (-22.5%), from €32,489 to €25,171
of which Leasing and similar rights: -€7,030
- Stocks and contracts +€4,516
new in 2025: €4,516
Equity and liabilities
- Trade debts -€30,747
down €30,747 (-90.7%), from €33,895 to €3,148
- Other debts +€16,018
new in 2025: €16,018
- Profit (loss) carried forward -€9,206
down €9,206 (-36.1%), from €25,479 to €16,273
- Debts after one year -€6,602
down €6,602 (-30.3%), from €21,807 to €15,205
- Current portion of long-term debt -€2,120
down €2,120 (-24.3%), from €8,722 to €6,602
Income statement
- Gross operating margin -€39,935
down €39,935 (-96.7%), from €41,294 to €1,359
- Write-downs -€11,138
no longer reported in 2025 (was €11,138)
- Taxes -€3,711
no longer reported in 2025 (was €3,711)
- Depreciation -€2,923
down €2,923 (-23.4%), from €12,468 to €9,545
- Other operating charges -€1,180
down €1,180 (-51.6%), from €2,287 to €1,107
Change in the result, 2024 to 2025
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 2024
€11,505
Gross operating margin
-€39,935
Depreciation
+€2,923
Write-downs
+€11,138
Other operating charges
+€1,180
Financial income
+€134
Financial charges
+€138
Taxes
+€3,711
Result 2025
-€9,206
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€10,212
Investment
-€2,227
Financing
-€8,722
Cash 2024
€9,883
From operations (derived)
+€10,212
Net result for the year
-€9,206
Depreciation
+€9,545
Stocks and contracts
-€4,516
Receivables within one year
+€27,993
Deferred charges and accrued income
-€644
Trade debts
-€30,747
Tax, wage and social debts
+€1,769
Other debts
+€16,018
Investment (derived)
-€2,227
Investment in fixed assets (net)
-€2,227
Financing
-€8,722
Debts after one year
-€6,602
Current portion of long-term debt
-€2,120
Cash 2025
€9,146
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,786 | €83,897 | -€30,889 | -26.9% |
| Fixed assets | 21/28 | €33,439 | €26,121 | -€7,318 | -21.9% |
| Tangible fixed assets | 22/27 | €32,489 | €25,171 | -€7,318 | -22.5% |
| Plant, machinery and equipment | 23 | €2,005 | €1,539 | -€466 | -23.2% |
| Furniture and vehicles | 24 | €2,054 | €2,232 | +€178 | +8.7% |
| Leasing and similar rights | 25 | €28,430 | €21,400 | -€7,030 | -24.7% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €81,347 | €57,776 | -€23,571 | -29.0% |
| Amounts receivable after more than one year | 29 | €18,000 | €18,000 | = | 0.0% |
| Other amounts receivable | 291 | €18,000 | €18,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €4,516 | +€4,516 | |
| Stocks | 30/36 | - | €4,516 | +€4,516 | |
| Amounts receivable within one year | 40/41 | €51,281 | €23,288 | -€27,993 | -54.6% |
| Trade receivables | 40 | €34,245 | €6,272 | -€27,973 | -81.7% |
| Other amounts receivable | 41 | €17,036 | €17,016 | -€20 | -0.1% |
| Cash at bank and in hand | 54/58 | €9,883 | €9,146 | -€737 | -7.5% |
| Deferred charges and accrued income | 490/1 | €2,182 | €2,826 | +€644 | +29.5% |
| Total equity and liabilities | 10/49 | €114,786 | €83,897 | -€30,889 | -26.9% |
| Equity | 10/15 | €44,079 | €34,873 | -€9,206 | -20.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,479 | €16,273 | -€9,206 | -36.1% |
| Amounts payable | 17/49 | €70,707 | €49,023 | -€21,683 | -30.7% |
| Amounts payable after more than one year | 17 | €21,807 | €15,205 | -€6,602 | -30.3% |
| Financial debts | 170/4 | €21,807 | €15,205 | -€6,602 | -30.3% |
| Amounts payable within one year | 42/48 | €48,900 | €33,819 | -€15,081 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €8,722 | €6,602 | -€2,120 | -24.3% |
| Trade debts | 44 | €33,895 | €3,148 | -€30,747 | -90.7% |
| Suppliers | 440/4 | €33,895 | €3,148 | -€30,747 | -90.7% |
| Taxes, remuneration and social security | 45 | €6,282 | €8,051 | +€1,769 | +28.2% |
| Taxes | 450/3 | €1,323 | €1,346 | +€23 | +1.7% |
| Remuneration and social security | 454/9 | €4,959 | €6,705 | +€1,746 | +35.2% |
| Other amounts payable | 47/48 | - | €16,018 | +€16,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,468 | €9,545 | -€2,923 | -23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,138 | - | -€11,138 | |
| Other operating charges | 640/8 | €2,287 | €1,107 | -€1,180 | -51.6% |
| Gross operating margin | 9900 | €41,294 | €1,359 | -€39,935 | -96.7% |
| Operating profit (loss) | 9901 | €15,401 | -€9,293 | -€24,694 | |
| Financial income | 75/76B | €1,163 | €1,298 | +€134 | +11.5% |
| Recurring financial income | 75 | €1,163 | €1,298 | +€134 | +11.5% |
| Financial charges | 65/66B | €1,348 | €1,210 | -€138 | -10.2% |
| Recurring financial charges | 65 | €1,348 | €1,210 | -€138 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €15,216 | -€9,206 | -€24,422 | |
| Income taxes | 67/77 | €3,711 | - | -€3,711 | |
| Profit (loss) for the period | 9904 | €11,505 | -€9,206 | -€20,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,505 | -€9,206 | -€20,711 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.