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D & I 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.

What changed

D & I PROJECTS

BE 0820.963.755
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,079
2024 · €63,771-€19,692
Equity
€361,242
2024 · €385,588-€24,345
Cash
€402,193
2024 · €324,410+€77,783
Balance sheet total
€539,033
2024 · €496,112+€42,920

Largest movements

2024 to 2025
Assets
  • Cash +€77,783

    up €77,783 (+24.0%), from €324,410 to €402,193

    mainly Other debts (+€60,270) and Net result for the year (+€44,079)

  • Receivables within one year -€19,621

    down €19,621 (-20.3%), from €96,804 to €77,183

    of which Other amounts receivable: -€14,123

  • Current investments -€10,192

    down €10,192 (-27.0%), from €37,802 to €27,610

Equity and liabilities
  • Other debts +€60,270

    up €60,270 (+64.3%), from €93,731 to €154,001

  • Reserves -€24,307

    down €24,307 (-6.4%), from €379,350 to €355,042

  • Tax, wage and social debts +€7,796

    up €7,796 (+88.9%), from €8,772 to €16,568

Income statement
  • Taxes +€25,151

    up €25,151 (+112%), from €22,541 to €47,692

  • Financial income +€6,736

    up €6,736 (+453%), from €1,487 to €8,222

From the 2024 result to the 2025 result

effect on the 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 €63,771
Gross operating margin +€15
Depreciation -€837
Other operating charges -€14
Financial income +€6,736
Financial charges -€441
Taxes -€25,151
Result 2025 €44,079
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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 +€139,348
Investment +€6,860
Financing -€68,424
Cash 2024 €324,410
Net result for the year +€44,079
Depreciation +€8,262
Receivables within one year +€19,621
Deferred charges and accrued income +€120
Trade debts -€1,182
Tax, wage and social debts +€7,796
Other debts +€60,270
Accrued charges and deferred income +€382
Investment in fixed assets (net) -€3,332
Current investments +€10,192
Contributions, distributions and other -€68,424
Cash 2025 €402,193
brings cash intakes cash out
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €496,112 €539,033 +€42,920 +8.7%
Fixed assets 21/28 €36,976 €32,047 -€4,929 -13.3%
Tangible fixed assets 22/27 €36,976 €32,047 -€4,929 -13.3%
Land and buildings 22 €30,782 €25,472 -€5,310 -17.3%
Plant, machinery and equipment 23 €5,022 €4,767 -€255 -5.1%
Furniture and vehicles 24 €1,172 €1,808 +€636 +54.2%
Current assets 29/58 €459,136 €506,986 +€47,850 +10.4%
Amounts receivable within one year 40/41 €96,804 €77,183 -€19,621 -20.3%
Trade receivables 40 €32,681 €27,183 -€5,498 -16.8%
Other amounts receivable 41 €64,123 €50,000 -€14,123 -22.0%
Current investments 50/53 €37,802 €27,610 -€10,192 -27.0%
Cash at bank and in hand 54/58 €324,410 €402,193 +€77,783 +24.0%
Deferred charges and accrued income 490/1 €120 - -€120
Total equity and liabilities 10/49 €496,112 €539,033 +€42,920 +8.7%
Equity 10/15 €385,588 €361,242 -€24,345 -6.3%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €379,350 €355,042 -€24,307 -6.4%
Distributable reserves 133 €379,350 €355,042 -€24,307 -6.4%
Profit (loss) carried forward 14 €38 - -€38
Amounts payable 17/49 €110,525 €177,790 +€67,266 +60.9%
Amounts payable within one year 42/48 €105,766 €172,650 +€66,884 +63.2%
Trade debts 44 €3,264 €2,081 -€1,182 -36.2%
Suppliers 440/4 €3,264 €2,081 -€1,182 -36.2%
Taxes, remuneration and social security 45 €8,772 €16,568 +€7,796 +88.9%
Taxes 450/3 €8,772 €16,568 +€7,796 +88.9%
Other amounts payable 47/48 €93,731 €154,001 +€60,270 +64.3%
Accrued charges and deferred income 492/3 €4,758 €5,140 +€382 +8.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,424 €8,262 +€837 +11.3%
Other operating charges 640/8 €499 €513 +€14 +2.8%
Gross operating margin 9900 €97,547 €97,563 +€15 0.0%
Operating profit (loss) 9901 €89,624 €88,788 -€836 -0.9%
Financial income 75/76B €1,487 €8,222 +€6,736 +453%
Recurring financial income 75 €1,487 €8,222 +€6,736 +453%
Financial charges 65/66B €4,798 €5,239 +€441 +9.2%
Recurring financial charges 65 €4,798 €5,239 +€441 +9.2%
Profit (loss) for the period before taxes 9903 €86,312 €91,771 +€5,459 +6.3%
Income taxes 67/77 €22,541 €47,692 +€25,151 +112%
Profit (loss) for the period 9904 €63,771 €44,079 -€19,692 -30.9%
Profit (loss) for the period to be appropriated 9905 €63,771 €44,079 -€19,692 -30.9%

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 26 October 2026 via checked.be.