D.S.C. Partners: 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.S.C. Partners
Largest movements
- Tangible fixed assets -€27,634
down €27,634 (-24.0%), from €115,194 to €87,561
of which Furniture and vehicles: -€22,047
- Receivables after one year +€7,154
up €7,154 (+6.2%), from €114,458 to €121,611
- Debts after one year -€44,535
down €44,535 (-42.2%), from €105,423 to €60,888
- Reserves +€20,000
up €20,000 (+21.9%), from €91,450 to €111,450
- Current portion of long-term debt -€6,804
down €6,804 (-18.3%), from €37,251 to €30,447
- Tax, wage and social debts +€5,497
up €5,497 (+15.3%), from €36,019 to €41,516
of which Taxes: +€4,399
- Gross operating margin -€62,561
down €62,561 (-62.1%), from €100,698 to €38,137
- Taxes -€17,623
down €17,623 (-62.9%), from €28,038 to €10,415
- Financial income +€3,112
up €3,112 (+38.5%), from €8,079 to €11,192
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.
Derived cash bridge
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 | €320,177 | €293,777 | -€26,400 | -8.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €115,267 | €87,634 | -€27,634 | -24.0% |
| Tangible fixed assets | 22/27 | €115,194 | €87,561 | -€27,634 | -24.0% |
| Land and buildings | 22 | €92,869 | €83,619 | -€9,249 | -10.0% |
| Plant, machinery and equipment | 23 | €0 | €3,662 | +€3,662 | |
| Furniture and vehicles | 24 | €22,326 | €279 | -€22,047 | -98.7% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €204,910 | €206,143 | +€1,234 | +0.6% |
| Amounts receivable after more than one year | 29 | €114,458 | €121,611 | +€7,154 | +6.2% |
| Other amounts receivable | 291 | €114,458 | €121,611 | +€7,154 | +6.2% |
| Amounts receivable within one year | 40/41 | €84,176 | €82,304 | -€1,872 | -2.2% |
| Trade receivables | 40 | €32,020 | €1,210 | -€30,810 | -96.2% |
| Other amounts receivable | 41 | €52,156 | €81,094 | +€28,938 | +55.5% |
| Cash at bank and in hand | 54/58 | €4,140 | €1,258 | -€2,881 | -69.6% |
| Deferred charges and accrued income | 490/1 | €2,136 | €970 | -€1,166 | -54.6% |
| Total equity and liabilities | 10/49 | €320,177 | €293,777 | -€26,400 | -8.2% |
| Equity | 10/15 | €131,084 | €151,283 | +€20,199 | +15.4% |
| Reserves | 13 | €91,450 | €111,450 | +€20,000 | +21.9% |
| Distributable reserves | 133 | €91,450 | €111,450 | +€20,000 | +21.9% |
| Profit (loss) carried forward | 14 | €39,634 | €39,833 | +€199 | +0.5% |
| Amounts payable | 17/49 | €189,093 | €142,494 | -€46,599 | -24.6% |
| Amounts payable after more than one year | 17 | €105,423 | €60,888 | -€44,535 | -42.2% |
| Financial debts | 170/4 | €105,423 | €60,888 | -€44,535 | -42.2% |
| Amounts payable within one year | 42/48 | €83,358 | €81,364 | -€1,994 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €37,251 | €30,447 | -€6,804 | -18.3% |
| Trade debts | 44 | €10,088 | €9,401 | -€687 | -6.8% |
| Suppliers | 440/4 | €10,088 | €9,401 | -€687 | -6.8% |
| Taxes, remuneration and social security | 45 | €36,019 | €41,516 | +€5,497 | +15.3% |
| Taxes | 450/3 | €33,872 | €38,271 | +€4,399 | +13.0% |
| Remuneration and social security | 454/9 | €2,147 | €3,245 | +€1,098 | +51.2% |
| Accrued charges and deferred income | 492/3 | €312 | €242 | -€70 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,710 | €12,428 | -€282 | -2.2% |
| Other operating charges | 640/8 | €1,058 | €1,269 | +€211 | +20.0% |
| Gross operating margin | 9900 | €100,698 | €38,137 | -€62,561 | -62.1% |
| Operating profit (loss) | 9901 | €86,931 | €24,440 | -€62,491 | -71.9% |
| Financial income | 75/76B | €8,079 | €11,192 | +€3,112 | +38.5% |
| Recurring financial income | 75 | €8,079 | €11,192 | +€3,112 | +38.5% |
| Financial charges | 65/66B | €5,294 | €5,017 | -€277 | -5.2% |
| Recurring financial charges | 65 | €5,294 | €5,017 | -€277 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €89,716 | €30,615 | -€59,101 | -65.9% |
| Income taxes | 67/77 | €28,038 | €10,415 | -€17,623 | -62.9% |
| Profit (loss) for the period | 9904 | €61,678 | €20,199 | -€41,479 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €61,678 | €20,199 | -€41,479 | -67.3% |
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 28 October 2026 via checked.be.