D.B.S.: 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.
D.B.S.
Largest movements
- Stocks and contracts -€27,554
down €27,554 (-28.2%), from €97,812 to €70,257
- Tangible fixed assets -€18,752
down €18,752 (-21.1%), from €88,946 to €70,194
of which Furniture and vehicles: -€17,111
- Receivables within one year +€6,657
up €6,657 (+293.9%), from €2,265 to €8,922
of which Trade receivables: +€6,505
- Cash +€3,122
up €3,122 (+40.0%), from €7,806 to €10,928
mainly Stocks and contracts (+€27,554) and Depreciation (+€22,704)
- Reserves -€32,127
down €32,127 (-43.5%), from €73,790 to €41,664
- Profit (loss) carried forward +€18,802
up €18,802 (+35.2%), from -€53,400 to -€34,598
- Debts after one year -€13,877
down €13,877 (-70.6%), from €19,655 to €5,778
- Current portion of long-term debt -€10,691
down €10,691 (-43.5%), from €24,568 to €13,877
- Short-term financial debts +€9,000
up €9,000 (+42.9%), from €21,000 to €30,000
- Gross operating margin -€11,859
down €11,859 (-39.1%), from €30,358 to €18,500
- Financial income -€2,253
down €2,253 (-93.6%), from €2,408 to €155
- Staff costs -€1,658
down €1,658 (-40.8%), from €4,068 to €2,410
- Depreciation +€721
up €721 (+3.3%), from €21,983 to €22,704
- Other operating charges -€614
down €614 (-25.0%), from €2,457 to €1,843
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,228 | €164,204 | -€36,025 | -18.0% |
| Fixed assets | 21/28 | €92,346 | €73,594 | -€18,752 | -20.3% |
| Tangible fixed assets | 22/27 | €88,946 | €70,194 | -€18,752 | -21.1% |
| Land and buildings | 22 | €39,790 | €34,470 | -€5,320 | -13.4% |
| Plant, machinery and equipment | 23 | €0 | €3,678 | +€3,678 | |
| Furniture and vehicles | 24 | €49,156 | €32,045 | -€17,111 | -34.8% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €107,882 | €90,610 | -€17,272 | -16.0% |
| Stocks and contracts in progress | 3 | €97,812 | €70,257 | -€27,554 | -28.2% |
| Stocks | 30/36 | €97,812 | €70,257 | -€27,554 | -28.2% |
| Amounts receivable within one year | 40/41 | €2,265 | €8,922 | +€6,657 | +293.9% |
| Trade receivables | 40 | €2,244 | €8,749 | +€6,505 | +289.8% |
| Other amounts receivable | 41 | €21 | €173 | +€152 | +734.9% |
| Cash at bank and in hand | 54/58 | €7,806 | €10,928 | +€3,122 | +40.0% |
| Deferred charges and accrued income | 490/1 | - | €503 | +€503 | |
| Total equity and liabilities | 10/49 | €200,228 | €164,204 | -€36,025 | -18.0% |
| Equity | 10/15 | €87,968 | €74,643 | -€13,324 | -15.1% |
| Contributions | 10/11 | €67,578 | €67,578 | = | 0.0% |
| Reserves | 13 | €73,790 | €41,664 | -€32,127 | -43.5% |
| Distributable reserves | 133 | €73,790 | €41,664 | -€32,127 | -43.5% |
| Profit (loss) carried forward | 14 | -€53,400 | -€34,598 | +€18,802 | +35.2% |
| Amounts payable | 17/49 | €112,260 | €89,560 | -€22,700 | -20.2% |
| Amounts payable after more than one year | 17 | €19,655 | €5,778 | -€13,877 | -70.6% |
| Financial debts | 170/4 | €19,655 | €5,778 | -€13,877 | -70.6% |
| Amounts payable within one year | 42/48 | €91,081 | €82,822 | -€8,259 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €24,568 | €13,877 | -€10,691 | -43.5% |
| Financial debts | 43 | €21,000 | €30,000 | +€9,000 | +42.9% |
| Credit institutions | 430/8 | €21,000 | €30,000 | +€9,000 | +42.9% |
| Trade debts | 44 | €12,150 | €18,029 | +€5,879 | +48.4% |
| Suppliers | 440/4 | €12,150 | €18,029 | +€5,879 | +48.4% |
| Advances received on contracts in progress | 46 | €8,982 | €3,600 | -€5,382 | -59.9% |
| Taxes, remuneration and social security | 45 | €6,118 | €4,257 | -€1,861 | -30.4% |
| Taxes | 450/3 | €6,118 | €4,257 | -€1,861 | -30.4% |
| Other amounts payable | 47/48 | €18,263 | €13,059 | -€5,204 | -28.5% |
| Accrued charges and deferred income | 492/3 | €1,524 | €960 | -€564 | -37.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,068 | €2,410 | -€1,658 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,983 | €22,704 | +€721 | +3.3% |
| Other operating charges | 640/8 | €2,457 | €1,843 | -€614 | -25.0% |
| Non-recurring operating charges | 66A | €1,309 | €190 | -€1,119 | -85.5% |
| Gross operating margin | 9900 | €30,358 | €18,500 | -€11,859 | -39.1% |
| Operating profit (loss) | 9901 | €541 | -€8,647 | -€9,188 | |
| Financial income | 75/76B | €2,408 | €155 | -€2,253 | -93.6% |
| Recurring financial income | 75 | €2,408 | €155 | -€2,253 | -93.6% |
| Financial charges | 65/66B | €4,993 | €4,664 | -€329 | -6.6% |
| Recurring financial charges | 65 | €4,993 | €4,540 | -€453 | -9.1% |
| Non-recurring financial charges | 66B | - | €124 | +€124 | |
| Profit (loss) for the period before taxes | 9903 | -€2,044 | -€13,156 | -€11,112 | -543.7% |
| Income taxes | 67/77 | €166 | €169 | +€3 | +2.0% |
| Profit (loss) for the period | 9904 | -€2,209 | -€13,324 | -€11,115 | -503.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,209 | -€13,324 | -€11,115 | -503.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.