D&S Contractors: what changed
What changed
D&S Contractors
NACE 71.209, Other technical testing and analysis
filed annual accounts (NBB)
Net result for the year
€573,040
2024 · -€372,808+€945,849
Equity
€1.8m
2024 · €1.3m+€573,040
Cash
€991,923
2024 · €489,379+€502,545
Balance sheet total
€7.6m
2024 · €3.4m+€4.2m
Largest movements
Assets
- Tangible fixed assets +€3.9m
up €3.9m (+248%), from €1.6m to €5.5m
of which Leasing and similar rights: +€4.8m
- Cash +€502,545
up €502,545 (+103%), from €489,379 to €991,923
mainly Debts after one year (+€2.4m) and Current portion of long-term debt (+€708,032)
- Deferred charges and accrued income -€267,906
down €267,906 (-76.5%), from €350,140 to €82,235
- Receivables within one year +€94,140
up €94,140 (+10.1%), from €928,176 to €1.0m
of which Trade receivables: +€572,440
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+190%), from €1.3m to €3.7m
- Current portion of long-term debt +€708,032
up €708,032 (+238%), from €298,085 to €1.0m
- Profit (loss) carried forward +€571,331
up €571,331, from -€538,856 to €32,475
- Trade debts +€513,789
up €513,789 (+104%), from €493,131 to €1.0m
Income statement
- Gross operating margin +€2.5m
up €2.5m, from -€180,611 to €2.4m
- Staff costs +€853,454
up €853,454 (+357%), from €238,870 to €1.1m
- Depreciation +€591,743
new in 2025: €591,743
- Financial charges +€109,373
up €109,373 (+2,461%), from €4,444 to €113,816
- Financial income -€42,506
down €42,506 (-82.5%), from €51,505 to €8,999
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€372,808
Gross operating margin
+€2.5m
Staff costs
-€853,454
Depreciation
-€591,743
Other operating charges
-€51
Other operating items
-€4,814
Financial income
-€42,506
Financial charges
-€109,373
Taxes
-€167
Result 2025
€573,040
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.9m
Investment
-€4.5m
Financing
+€3.1m
Cash 2024
€489,379
From operations (derived)
+€1.9m
Net result for the year
+€573,040
Depreciation
+€591,743
Receivables within one year
-€94,140
Deferred charges and accrued income
+€267,906
Trade debts
+€513,789
Tax, wage and social debts
+€62,488
Accrued charges and deferred income
-€90
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
+€3.1m
Debts after one year
+€2.4m
Current portion of long-term debt
+€708,032
Cash 2025
€991,923
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,351,695 | €7,601,646 | +€4.2m | +127% |
| Fixed assets | 21/28 | €1,584,000 | €5,505,171 | +€3.9m | +248% |
| Tangible fixed assets | 22/27 | €1,584,000 | €5,505,171 | +€3.9m | +248% |
| Plant, machinery and equipment | 23 | - | €748,381 | +€748,381 | |
| Leasing and similar rights | 25 | - | €4,756,790 | +€4.8m | |
| Assets under construction and advance payments | 27 | €1,584,000 | - | -€1.6m | |
| Current assets | 29/58 | €1,767,695 | €2,096,474 | +€328,779 | +18.6% |
| Amounts receivable within one year | 40/41 | €928,176 | €1,022,316 | +€94,140 | +10.1% |
| Trade receivables | 40 | €240,283 | €812,723 | +€572,440 | +238% |
| Other amounts receivable | 41 | €687,893 | €209,594 | -€478,299 | -69.5% |
| Cash at bank and in hand | 54/58 | €489,379 | €991,923 | +€502,545 | +103% |
| Deferred charges and accrued income | 490/1 | €350,140 | €82,235 | -€267,906 | -76.5% |
| Total equity and liabilities | 10/49 | €3,351,695 | €7,601,646 | +€4.2m | +127% |
| Equity | 10/15 | €1,261,144 | €1,834,185 | +€573,040 | +45.4% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Capital | 10 | €1,800,000 | €1,800,000 | = | 0.0% |
| Issued capital | 100 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | - | €1,709 | +€1,709 | |
| Non-distributable reserves | 130/1 | - | €1,709 | +€1,709 | |
| Legal reserve | 130 | - | €1,709 | +€1,709 | |
| Profit (loss) carried forward | 14 | -€538,856 | €32,475 | +€571,331 | |
| Amounts payable | 17/49 | €2,090,551 | €5,767,461 | +€3.7m | +176% |
| Amounts payable after more than one year | 17 | €1,261,492 | €3,654,183 | +€2.4m | +190% |
| Financial debts | 170/4 | €1,261,492 | €3,654,183 | +€2.4m | +190% |
| Amounts payable within one year | 42/48 | €828,968 | €2,113,278 | +€1.3m | +155% |
| Current portion of amounts payable after more than one year | 42 | €298,085 | €1,006,118 | +€708,032 | +238% |
| Trade debts | 44 | €493,131 | €1,006,920 | +€513,789 | +104% |
| Suppliers | 440/4 | €493,131 | €1,006,920 | +€513,789 | +104% |
| Taxes, remuneration and social security | 45 | €37,752 | €100,241 | +€62,488 | +166% |
| Taxes | 450/3 | €2,434 | €478 | -€1,956 | -80.4% |
| Remuneration and social security | 454/9 | €35,318 | €99,763 | +€64,444 | +182% |
| Accrued charges and deferred income | 492/3 | €90 | - | -€90 | |
| Remuneration, social security and pensions | 62 | €238,870 | €1,092,324 | +€853,454 | +357% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €591,743 | +€591,743 | |
| Other operating charges | 640/8 | €118 | €169 | +€51 | +43.0% |
| Non-recurring operating charges | 66A | - | €4,814 | +€4,814 | |
| Gross operating margin | 9900 | -€180,611 | €2,367,345 | +€2.5m | |
| Operating profit (loss) | 9901 | -€419,599 | €678,295 | +€1.1m | |
| Financial income | 75/76B | €51,505 | €8,999 | -€42,506 | -82.5% |
| Recurring financial income | 75 | €51,505 | €8,999 | -€42,506 | -82.5% |
| Financial charges | 65/66B | €4,444 | €113,816 | +€109,373 | +2,461% |
| Recurring financial charges | 65 | €4,444 | €113,816 | +€109,373 | +2,461% |
| Profit (loss) for the period before taxes | 9903 | -€372,538 | €573,478 | +€946,016 | |
| Income taxes | 67/77 | €271 | €438 | +€167 | +61.9% |
| Profit (loss) for the period | 9904 | -€372,808 | €573,040 | +€945,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€372,808 | €573,040 | +€945,849 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.