D & S ELECTRO: 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 ELECTRO
Largest movements
- Tangible fixed assets +€14,753
up €14,753 (+10.9%), from €135,824 to €150,577
of which Land and buildings: +€14,343
- Receivables within one year -€5,756
down €5,756 (-24.4%), from €23,557 to €17,801
of which Trade receivables: -€7,500
- Profit (loss) carried forward +€20,487
no longer reported in 2025 (was -€20,487)
- Reserves +€6,894
up €6,894 (+76.4%), from €9,030 to €15,924
of which Distributable reserves: +€13,094
- Current portion of long-term debt -€6,728
no longer reported in 2025 (was €6,728)
- Short-term financial debts -€5,258
down €5,258 (-55.1%), from €9,544 to €4,286
- Tax, wage and social debts -€3,246
down €3,246 (-95.4%), from €3,403 to €157
of which Remuneration and social security: -€3,231
- Gross operating margin +€13,056
up €13,056 (+242.9%), from €5,376 to €18,432
- Depreciation +€1,740
up €1,740 (+138.9%), from €1,253 to €2,992
- Financial charges -€1,205
down €1,205 (-23.1%), from €5,220 to €4,015
- Other operating charges +€459
up €459 (+37.6%), from €1,220 to €1,679
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 | €164,086 | €174,370 | +€10,284 | +6.3% |
| Fixed assets | 21/28 | €135,824 | €150,577 | +€14,753 | +10.9% |
| Tangible fixed assets | 22/27 | €135,824 | €150,577 | +€14,753 | +10.9% |
| Land and buildings | 22 | €135,824 | €150,167 | +€14,343 | +10.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €410 | +€410 | |
| Current assets | 29/58 | €28,262 | €23,793 | -€4,469 | -15.8% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,557 | €17,801 | -€5,756 | -24.4% |
| Trade receivables | 40 | €14,000 | €6,500 | -€7,500 | -53.6% |
| Other amounts receivable | 41 | €9,557 | €11,301 | +€1,744 | +18.2% |
| Cash at bank and in hand | 54/58 | €2,350 | €3,546 | +€1,196 | +50.9% |
| Deferred charges and accrued income | 490/1 | €856 | €947 | +€91 | +10.6% |
| Total equity and liabilities | 10/49 | €164,086 | €174,370 | +€10,284 | +6.3% |
| Equity | 10/15 | €15,811 | €43,192 | +€27,382 | +173.2% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €9,030 | €15,924 | +€6,894 | +76.4% |
| Tax-exempt reserves | 132 | €9,030 | €2,830 | -€6,200 | -68.7% |
| Distributable reserves | 133 | - | €13,094 | +€13,094 | |
| Profit (loss) carried forward | 14 | -€20,487 | - | +€20,487 | |
| Amounts payable | 17/49 | €148,275 | €131,177 | -€17,098 | -11.5% |
| Amounts payable after more than one year | 17 | €71,471 | €71,471 | = | 0.0% |
| Financial debts | 170/4 | €71,471 | €71,471 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,804 | €59,706 | -€17,098 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €6,728 | - | -€6,728 | |
| Financial debts | 43 | €9,544 | €4,286 | -€5,258 | -55.1% |
| Credit institutions | 430/8 | €9,544 | €4,286 | -€5,258 | -55.1% |
| Trade debts | 44 | €3,363 | €598 | -€2,765 | -82.2% |
| Suppliers | 440/4 | €3,363 | €598 | -€2,765 | -82.2% |
| Advances received on contracts in progress | 46 | €6,000 | €6,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,403 | €157 | -€3,246 | -95.4% |
| Taxes | 450/3 | €172 | €157 | -€14 | -8.4% |
| Remuneration and social security | 454/9 | €3,231 | - | -€3,231 | |
| Other amounts payable | 47/48 | €47,766 | €48,666 | +€900 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €2,992 | +€1,740 | +138.9% |
| Other operating charges | 640/8 | €1,220 | €1,679 | +€459 | +37.6% |
| Gross operating margin | 9900 | €5,376 | €18,432 | +€13,056 | +242.9% |
| Operating profit (loss) | 9901 | €2,904 | €13,761 | +€10,857 | +373.9% |
| Financial income | 75/76B | €497 | €495 | -€2 | -0.4% |
| Recurring financial income | 75 | €497 | €495 | -€2 | -0.4% |
| Financial charges | 65/66B | €5,220 | €4,015 | -€1,205 | -23.1% |
| Recurring financial charges | 65 | €5,220 | €4,015 | -€1,205 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,819 | €10,241 | +€12,060 | |
| Income taxes | 67/77 | €172 | €157 | -€14 | -8.4% |
| Profit (loss) for the period | 9904 | -€1,991 | €10,084 | +€12,074 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,991 | €10,084 | +€12,074 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.