D.L.S.A.: 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.L.S.A.
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€7,604
2023 · €292,106-€299,710
Equity
€13.5m
2023 · €13.5m-€7,605
Cash
€2.1m
2023 · €1.1m+€1.1m
Balance sheet total
€68.4m
2023 · €65.5m+€2.9m
Largest movements
Assets
- Tangible fixed assets +€2.2m
up €2.2m (+3.7%), from €59.9m to €62.1m
of which Land and buildings: +€1.8m
- Cash +€1.1m
up €1.1m (+99.4%), from €1.1m to €2.1m
mainly Short-term financial debts (+€3.1m) and Depreciation (+€3.0m)
Equity and liabilities
- Short-term financial debts +€3.1m
up €3.1m (+540%), from €572,391 to €3.7m
Income statement
- Financial charges +€539,976
up €539,976 (+46.6%), from €1.2m to €1.7m
- Gross operating margin +€408,511
up €408,511 (+7.8%), from €5.3m to €5.7m
- Depreciation +€314,023
up €314,023 (+11.7%), from €2.7m to €3.0m
- Write-downs +€148,781
no longer reported in 2024 (was -€148,781)
- Taxes -€142,077
down €142,077 (-57.6%), from €246,810 to €104,733
From the 2023 result to the 2024 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 2023
€292,106
Gross operating margin
+€408,511
Staff costs
-€84,799
Depreciation
-€314,023
Write-downs
-€148,781
Other operating charges
+€49,292
Other operating items
+€144,705
Financial income
+€43,284
Financial charges
-€539,976
Taxes
+€142,077
Result 2024
-€7,604
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€3.5m
Investment
-€5.2m
Financing
+€2.8m
Cash 2023
€1.1m
From operations (derived)
+€3.5m
Net result for the year
-€7,604
Depreciation
+€3.0m
Receivables within one year
+€293,277
Deferred charges and accrued income
+€69,303
Smaller working-capital items
+€2,442
Other debts
+€76,947
Accrued charges and deferred income
+€18,814
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€5.2m
Current investments
-€7
Financing
+€2.8m
Debts after one year
+€211,210
Current portion of long-term debt
-€485,126
Short-term financial debts
+€3.1m
Contributions, distributions and other
-€1
Cash 2024
€2.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,535,469 | €68,441,446 | +€2.9m | +4.4% |
| Fixed assets | 21/28 | €62,048,262 | €64,262,307 | +€2.2m | +3.6% |
| Tangible fixed assets | 22/27 | €59,858,688 | €62,053,317 | +€2.2m | +3.7% |
| Land and buildings | 22 | €55,816,024 | €57,628,941 | +€1.8m | +3.2% |
| Plant, machinery and equipment | 23 | €4,039,607 | €4,422,126 | +€382,519 | +9.5% |
| Furniture and vehicles | 24 | €3,057 | €2,250 | -€807 | -26.4% |
| Financial fixed assets | 28 | €2,189,574 | €2,208,990 | +€19,416 | +0.9% |
| Current assets | 29/58 | €3,487,207 | €4,179,139 | +€691,932 | +19.8% |
| Amounts receivable within one year | 40/41 | €2,086,022 | €1,792,745 | -€293,277 | -14.1% |
| Trade receivables | 40 | €514,597 | €17,034 | -€497,563 | -96.7% |
| Other amounts receivable | 41 | €1,571,425 | €1,775,711 | +€204,286 | +13.0% |
| Current investments | 50/53 | €201,444 | €201,451 | +€7 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,061,402 | €2,115,907 | +€1.1m | +99.4% |
| Deferred charges and accrued income | 490/1 | €138,339 | €69,036 | -€69,303 | -50.1% |
| Total equity and liabilities | 10/49 | €65,535,469 | €68,441,446 | +€2.9m | +4.4% |
| Equity | 10/15 | €13,482,434 | €13,474,829 | -€7,605 | -0.1% |
| Contributions | 10/11 | €185,973 | €185,973 | = | 0.0% |
| Capital | 10 | €185,973 | €185,973 | = | 0.0% |
| Issued capital | 100 | €185,973 | €185,973 | = | 0.0% |
| Revaluation surpluses | 12 | €14,432,466 | €14,432,466 | = | 0.0% |
| Reserves | 13 | €232,832 | €551,297 | +€318,465 | +137% |
| Non-distributable reserves | 130/1 | €38,424 | €38,424 | = | 0.0% |
| Legal reserve | 130 | €38,424 | €38,424 | = | 0.0% |
| Tax-exempt reserves | 132 | €156,331 | €474,796 | +€318,465 | +204% |
| Distributable reserves | 133 | €38,077 | €38,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,368,837 | -€1,694,907 | -€326,070 | -23.8% |
| Provisions and deferred taxes | 16 | €82,531 | €72,860 | -€9,671 | -11.7% |
| Deferred taxes | 168 | €82,531 | €72,860 | -€9,671 | -11.7% |
| Amounts payable | 17/49 | €51,970,504 | €54,893,757 | +€2.9m | +5.6% |
| Amounts payable after more than one year | 17 | €47,051,983 | €47,263,193 | +€211,210 | +0.4% |
| Financial debts | 170/4 | €46,754,078 | €46,831,541 | +€77,463 | +0.2% |
| Other amounts payable | 178/9 | €297,905 | €431,652 | +€133,747 | +44.9% |
| Amounts payable within one year | 42/48 | €4,561,361 | €7,254,590 | +€2.7m | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €3,319,592 | €2,834,466 | -€485,126 | -14.6% |
| Financial debts | 43 | €572,391 | €3,661,686 | +€3.1m | +540% |
| Credit institutions | 430/8 | €572,391 | €3,661,686 | +€3.1m | +540% |
| Trade debts | 44 | €633,255 | €633,585 | +€330 | +0.1% |
| Suppliers | 440/4 | €633,255 | €633,585 | +€330 | +0.1% |
| Taxes, remuneration and social security | 45 | €27,843 | €39,626 | +€11,783 | +42.3% |
| Remuneration and social security | 454/9 | €27,843 | €39,626 | +€11,783 | +42.3% |
| Other amounts payable | 47/48 | €8,280 | €85,227 | +€76,947 | +929% |
| Accrued charges and deferred income | 492/3 | €357,160 | €375,974 | +€18,814 | +5.3% |
| Remuneration, social security and pensions | 62 | €127,293 | €212,092 | +€84,799 | +66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,685,351 | €2,999,374 | +€314,023 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€148,781 | - | +€148,781 | |
| Other operating charges | 640/8 | €788,366 | €739,074 | -€49,292 | -6.3% |
| Non-recurring operating charges | 66A | €145,150 | €445 | -€144,705 | -99.7% |
| Gross operating margin | 9900 | €5,263,889 | €5,672,400 | +€408,511 | +7.8% |
| Operating profit (loss) | 9901 | €1,666,510 | €1,721,415 | +€54,905 | +3.3% |
| Financial income | 75/76B | €21,228 | €64,512 | +€43,284 | +204% |
| Recurring financial income | 75 | €21,228 | €64,512 | +€43,284 | +204% |
| Financial charges | 65/66B | €1,158,493 | €1,698,469 | +€539,976 | +46.6% |
| Recurring financial charges | 65 | €1,158,493 | €1,698,469 | +€539,976 | +46.6% |
| Profit (loss) for the period before taxes | 9903 | €529,245 | €87,458 | -€441,787 | -83.5% |
| Transfer from deferred taxes | 780 | €9,671 | €9,671 | = | 0.0% |
| Income taxes | 67/77 | €246,810 | €104,733 | -€142,077 | -57.6% |
| Profit (loss) for the period | 9904 | €292,106 | -€7,604 | -€299,710 | |
| Transfer from tax-exempt reserves | 789 | €18,334 | €18,334 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | - | €336,800 | +€336,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €310,440 | -€326,070 | -€636,510 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.