D.B. 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.
D.B. PROJECTS
Largest movements
- Tangible fixed assets +€293,736
up €293,736 (+133%), from €220,715 to €514,451
of which Land and buildings: +€302,100
- Receivables within one year -€62,435
no longer reported in 2026 (was €62,435)
of which Other amounts receivable: -€62,036
- Cash +€9,227
up €9,227 (+41.0%), from €22,489 to €31,716
mainly Debts after one year (+€185,000) and Other debts (+€67,660)
- Debts after one year +€185,000
up €185,000 (+151%), from €122,500 to €307,500
- Other debts +€67,660
up €67,660 (+67.8%), from €99,806 to €167,466
- Current portion of long-term debt -€8,515
down €8,515 (-36.2%), from €23,515 to €15,000
- Financial charges -€7,607
down €7,607 (-45.8%), from €16,592 to €8,985
- Gross operating margin -€2,888
down €2,888 (-11.0%), from €26,319 to €23,430
- Other operating charges +€1,664
up €1,664 (+83.1%), from €2,001 to €3,665
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,210 | €547,789 | +€239,579 | +77.7% |
| Fixed assets | 21/28 | €220,800 | €514,536 | +€293,736 | +133% |
| Tangible fixed assets | 22/27 | €220,715 | €514,451 | +€293,736 | +133% |
| Land and buildings | 22 | €200,000 | €502,100 | +€302,100 | +151% |
| Furniture and vehicles | 24 | - | €12,351 | +€12,351 | |
| Leasing and similar rights | 25 | €20,715 | - | -€20,715 | |
| Financial fixed assets | 28 | €85 | €85 | = | 0.0% |
| Current assets | 29/58 | €87,410 | €33,253 | -€54,157 | -62.0% |
| Amounts receivable within one year | 40/41 | €62,435 | - | -€62,435 | |
| Trade receivables | 40 | €399 | - | -€399 | |
| Other amounts receivable | 41 | €62,036 | - | -€62,036 | |
| Cash at bank and in hand | 54/58 | €22,489 | €31,716 | +€9,227 | +41.0% |
| Deferred charges and accrued income | 490/1 | €2,486 | €1,537 | -€949 | -38.2% |
| Total equity and liabilities | 10/49 | €308,210 | €547,789 | +€239,579 | +77.7% |
| Equity | 10/15 | €53,869 | €52,115 | -€1,754 | -3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €33,869 | €32,115 | -€1,754 | -5.2% |
| Distributable reserves | 133 | €33,869 | €32,115 | -€1,754 | -5.2% |
| Amounts payable | 17/49 | €254,341 | €495,674 | +€241,334 | +94.9% |
| Amounts payable after more than one year | 17 | €122,500 | €307,500 | +€185,000 | +151% |
| Financial debts | 170/4 | €122,500 | €307,500 | +€185,000 | +151% |
| Amounts payable within one year | 42/48 | €131,511 | €188,174 | +€56,664 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €23,515 | €15,000 | -€8,515 | -36.2% |
| Trade debts | 44 | €1,813 | €559 | -€1,254 | -69.1% |
| Suppliers | 440/4 | €1,813 | €559 | -€1,254 | -69.1% |
| Taxes, remuneration and social security | 45 | €6,377 | €5,149 | -€1,228 | -19.3% |
| Taxes | 450/3 | €5,563 | €4,216 | -€1,347 | -24.2% |
| Remuneration and social security | 454/9 | €814 | €933 | +€119 | +14.7% |
| Other amounts payable | 47/48 | €99,806 | €167,466 | +€67,660 | +67.8% |
| Accrued charges and deferred income | 492/3 | €330 | - | -€330 | |
| Remuneration, social security and pensions | 62 | €4,033 | €4,052 | +€19 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,364 | €8,364 | = | 0.0% |
| Other operating charges | 640/8 | €2,001 | €3,665 | +€1,664 | +83.1% |
| Gross operating margin | 9900 | €26,319 | €23,430 | -€2,888 | -11.0% |
| Operating profit (loss) | 9901 | €11,920 | €7,350 | -€4,571 | -38.3% |
| Financial charges | 65/66B | €16,592 | €8,985 | -€7,607 | -45.8% |
| Recurring financial charges | 65 | €16,592 | €8,985 | -€7,607 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,672 | -€1,635 | +€3,036 | +65.0% |
| Income taxes | 67/77 | €123 | €119 | -€4 | -3.6% |
| Profit (loss) for the period | 9904 | -€4,795 | -€1,754 | +€3,041 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,795 | -€1,754 | +€3,041 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.