D.L.S.V.: 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.L.S.V.
Largest movements
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Cash +€26,722
up €26,722 (+65.6%), from €40,739 to €67,461
mainly Current investments (+€175,000) and Net result for the year (+€43,345)
- Receivables within one year +€4,464
up €4,464 (+79.9%), from €5,586 to €10,050
- Tangible fixed assets -€3,205
down €3,205 (-4.9%), from €65,215 to €62,009
- Other debts -€100,000
down €100,000 (-94.1%), from €106,250 to €6,250
- Profit (loss) carried forward -€56,655
down €56,655 (-53.7%), from €105,450 to €48,794
- Trade debts +€7,926
up €7,926 (+128.2%), from €6,185 to €14,110
- Depreciation -€10,909
down €10,909 (-57.5%), from €18,974 to €8,065
- Gross operating margin -€8,830
down €8,830 (-10.5%), from €84,172 to €75,342
- Financial income -€1,355
no longer reported in 2025 (was €1,355)
- Other operating charges +€1,166
up €1,166 (+17.2%), from €6,798 to €7,965
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 | €287,583 | €139,520 | -€148,063 | -51.5% |
| Fixed assets | 21/28 | €65,215 | €62,009 | -€3,205 | -4.9% |
| Tangible fixed assets | 22/27 | €65,215 | €62,009 | -€3,205 | -4.9% |
| Land and buildings | 22 | €65,215 | €62,009 | -€3,205 | -4.9% |
| Current assets | 29/58 | €222,368 | €77,511 | -€144,857 | -65.1% |
| Amounts receivable within one year | 40/41 | €5,586 | €10,050 | +€4,464 | +79.9% |
| Trade receivables | 40 | €5,586 | €10,050 | +€4,464 | +79.9% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €40,739 | €67,461 | +€26,722 | +65.6% |
| Deferred charges and accrued income | 490/1 | €1,043 | - | -€1,043 | |
| Total equity and liabilities | 10/49 | €287,583 | €139,520 | -€148,063 | -51.5% |
| Equity | 10/15 | €173,650 | €116,994 | -€56,655 | -32.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,450 | €48,794 | -€56,655 | -53.7% |
| Amounts payable | 17/49 | €113,933 | €22,526 | -€91,407 | -80.2% |
| Amounts payable within one year | 42/48 | €113,933 | €22,526 | -€91,407 | -80.2% |
| Trade debts | 44 | €6,185 | €14,110 | +€7,926 | +128.2% |
| Suppliers | 440/4 | €6,185 | €14,110 | +€7,926 | +128.2% |
| Taxes, remuneration and social security | 45 | €1,499 | €2,166 | +€667 | +44.5% |
| Taxes | 450/3 | €1,499 | €2,166 | +€667 | +44.5% |
| Other amounts payable | 47/48 | €106,250 | €6,250 | -€100,000 | -94.1% |
| Non-recurring operating income | 76A | €6,120 | - | -€6,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,974 | €8,065 | -€10,909 | -57.5% |
| Other operating charges | 640/8 | €6,798 | €7,965 | +€1,166 | +17.2% |
| Gross operating margin | 9900 | €84,172 | €75,342 | -€8,830 | -10.5% |
| Operating profit (loss) | 9901 | €58,400 | €59,312 | +€912 | +1.6% |
| Financial income | 75/76B | €1,355 | - | -€1,355 | |
| Recurring financial income | 75 | €1,355 | - | -€1,355 | |
| Financial charges | 65/66B | €567 | €620 | +€53 | +9.3% |
| Recurring financial charges | 65 | €567 | €620 | +€53 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €59,188 | €58,692 | -€495 | -0.8% |
| Income taxes | 67/77 | €14,506 | €15,348 | +€842 | +5.8% |
| Profit (loss) for the period | 9904 | €44,682 | €43,345 | -€1,337 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,682 | €43,345 | -€1,337 | -3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.