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.
What changed
DV PROJECTS
NACE 71.209, Other technical testing and analysis
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€306,635
2024 · €261,374+€45,260
Equity
€3.5m
2024 · €3.5m-€11,452
Cash
€370,058
2024 · €62,550+€307,508
Balance sheet total
€3.9m
2024 · €3.7m+€193,984
Largest movements
Assets
- Cash +€307,508
up €307,508 (+491.6%), from €62,550 to €370,058
mainly Net result for the year (+€306,635) and Other debts (+€245,955)
- Receivables after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
Equity and liabilities
- Other debts +€245,955
up €245,955 (+318429.6%), from €77 to €246,032
Income statement
- Financial income +€75,041
up €75,041 (+33.3%), from €225,103 to €300,144
- Gross operating margin -€22,506
down €22,506 (-19.6%), from €114,861 to €92,355
- Taxes +€11,683
up €11,683 (+23.3%), from €50,219 to €61,902
- Financial charges -€9,024
down €9,024 (-53.3%), from €16,929 to €7,905
- Other operating charges +€4,762
up €4,762 (+311.3%), from €1,530 to €6,291
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.
Result 2024
€261,374
Gross operating margin
-€22,506
Depreciation
+€145
Other operating charges
-€4,762
Financial income
+€75,041
Financial charges
+€9,024
Taxes
-€11,683
Result 2025
€306,635
Cash bridge derived
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.
From operations
+€661,309
Investment
€0
Financing
-€353,801
Cash 2024
€62,550
From operations (derived)
+€661,309
Net result for the year
+€306,635
Depreciation
+€9,767
Receivables after one year
+€100,000
Receivables within one year
+€3,448
Deferred charges and accrued income
+€310
Trade debts
+€1,707
Tax, wage and social debts
+€8,488
Advances received
-€15,000
Other debts
+€245,955
Financing
-€353,801
Debts after one year
-€14,881
Current portion of long-term debt
-€20,833
Contributions, distributions and other
-€318,086
Cash 2025
€370,058
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,706,115 | €3,900,098 | +€193,984 | +5.2% |
| Fixed assets | 21/28 | €3,510,844 | €3,501,077 | -€9,767 | -0.3% |
| Tangible fixed assets | 22/27 | €478,797 | €469,030 | -€9,767 | -2.0% |
| Land and buildings | 22 | €445,798 | €445,612 | -€186 | 0.0% |
| Furniture and vehicles | 24 | €32,305 | €22,994 | -€9,311 | -28.8% |
| Other tangible fixed assets | 26 | €694 | €424 | -€270 | -38.9% |
| Financial fixed assets | 28 | €3,032,047 | €3,032,047 | = | 0.0% |
| Current assets | 29/58 | €195,271 | €399,022 | +€203,751 | +104.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €30,673 | €27,225 | -€3,448 | -11.2% |
| Trade receivables | 40 | €29,960 | €27,225 | -€2,735 | -9.1% |
| Other amounts receivable | 41 | €712 | €0 | -€712 | -100.0% |
| Cash at bank and in hand | 54/58 | €62,550 | €370,058 | +€307,508 | +491.6% |
| Deferred charges and accrued income | 490/1 | €2,048 | €1,738 | -€310 | -15.1% |
| Total equity and liabilities | 10/49 | €3,706,115 | €3,900,098 | +€193,984 | +5.2% |
| Equity | 10/15 | €3,537,424 | €3,525,972 | -€11,452 | -0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,014,880 | €2,014,880 | = | 0.0% |
| Reserves | 13 | €1,257,420 | €1,245,963 | -€11,456 | -0.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,257,420 | €1,245,963 | -€11,456 | -0.9% |
| Profit (loss) carried forward | 14 | €246,525 | €246,529 | +€5 | 0.0% |
| Amounts payable | 17/49 | €168,691 | €374,126 | +€205,436 | +121.8% |
| Amounts payable after more than one year | 17 | €83,881 | €69,000 | -€14,881 | -17.7% |
| Financial debts | 170/4 | €14,881 | €0 | -€14,881 | -100.0% |
| Other amounts payable | 178/9 | €69,000 | €69,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,842 | €304,159 | +€220,317 | +262.8% |
| Current portion of amounts payable after more than one year | 42 | €35,714 | €14,881 | -€20,833 | -58.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €0 | €1,707 | +€1,707 | |
| Suppliers | 440/4 | €0 | €1,707 | +€1,707 | |
| Advances received on contracts in progress | 46 | €15,000 | €0 | -€15,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €33,051 | €41,539 | +€8,488 | +25.7% |
| Taxes | 450/3 | €33,051 | €39,939 | +€6,888 | +20.8% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €77 | €246,032 | +€245,955 | +318429.6% |
| Accrued charges and deferred income | 492/3 | €968 | €968 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,912 | €9,767 | -€145 | -1.5% |
| Other operating charges | 640/8 | €1,530 | €6,291 | +€4,762 | +311.3% |
| Gross operating margin | 9900 | €114,861 | €92,355 | -€22,506 | -19.6% |
| Operating profit (loss) | 9901 | €103,419 | €76,297 | -€27,122 | -26.2% |
| Financial income | 75/76B | €225,103 | €300,144 | +€75,041 | +33.3% |
| Recurring financial income | 75 | €225,103 | €300,144 | +€75,041 | +33.3% |
| Financial charges | 65/66B | €16,929 | €7,905 | -€9,024 | -53.3% |
| Recurring financial charges | 65 | €16,929 | €7,905 | -€9,024 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €311,593 | €368,536 | +€56,943 | +18.3% |
| Income taxes | 67/77 | €50,219 | €61,902 | +€11,683 | +23.3% |
| Profit (loss) for the period | 9904 | €261,374 | €306,635 | +€45,260 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €261,374 | €306,635 | +€45,260 | +17.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.