D.S.I.: 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.I.
Largest movements
- Receivables within one year +€197,161
up €197,161 (+141%), from €140,290 to €337,452
of which Other amounts receivable: +€148,401
- Tangible fixed assets -€78,815
down €78,815 (-4.8%), from €1.6m to €1.6m
of which Land and buildings: -€77,175
- Profit (loss) carried forward +€119,042
up €119,042 (+27.2%), from €438,045 to €557,087
- Debts after one year -€51,757
down €51,757 (-8.7%), from €592,888 to €541,131
- Tax, wage and social debts +€42,214
up €42,214 (+1,413%), from €2,987 to €45,201
- Trade debts +€22,888
up €22,888 (+2,393%), from €956 to €23,844
- Financial income +€89,967
up €89,967 (+1,714%), from €5,249 to €95,215
of which Non-recurring financial income: +€84,777
- Taxes +€19,910
new in 2025: €19,910
- Financial charges +€4,804
up €4,804 (+34.0%), from €14,128 to €18,932
of which Non-recurring financial charges: +€5,628
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 | €1,794,079 | €1,928,044 | +€133,965 | +7.5% |
| Fixed assets | 21/28 | €1,646,667 | €1,567,852 | -€78,815 | -4.8% |
| Tangible fixed assets | 22/27 | €1,646,667 | €1,567,852 | -€78,815 | -4.8% |
| Land and buildings | 22 | €1,641,705 | €1,564,530 | -€77,175 | -4.7% |
| Plant, machinery and equipment | 23 | €4,962 | €3,322 | -€1,640 | -33.0% |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Current assets | 29/58 | €147,412 | €360,191 | +€212,779 | +144% |
| Amounts receivable within one year | 40/41 | €140,290 | €337,452 | +€197,161 | +141% |
| Trade receivables | 40 | €14,806 | €63,567 | +€48,760 | +329% |
| Other amounts receivable | 41 | €125,484 | €273,885 | +€148,401 | +118% |
| Cash at bank and in hand | 54/58 | €2,218 | €12,301 | +€10,083 | +455% |
| Deferred charges and accrued income | 490/1 | €4,904 | €10,439 | +€5,535 | +113% |
| Total equity and liabilities | 10/49 | €1,794,079 | €1,928,044 | +€133,965 | +7.5% |
| Equity | 10/15 | €1,130,451 | €1,249,494 | +€119,042 | +10.5% |
| Contributions | 10/11 | €126,480 | €126,480 | = | 0.0% |
| Capital | 10 | €126,480 | €126,480 | = | 0.0% |
| Issued capital | 100 | €126,480 | €126,480 | = | 0.0% |
| Revaluation surpluses | 12 | €27 | €27 | = | 0.0% |
| Reserves | 13 | €565,900 | €565,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,648 | €12,648 | = | 0.0% |
| Legal reserve | 130 | €12,648 | €12,648 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,327 | €7,327 | = | 0.0% |
| Distributable reserves | 133 | €545,925 | €545,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | €438,045 | €557,087 | +€119,042 | +27.2% |
| Amounts payable | 17/49 | €663,627 | €678,550 | +€14,923 | +2.2% |
| Amounts payable after more than one year | 17 | €592,888 | €541,131 | -€51,757 | -8.7% |
| Financial debts | 170/4 | €592,888 | €541,131 | -€51,757 | -8.7% |
| Amounts payable within one year | 42/48 | €54,700 | €120,973 | +€66,273 | +121% |
| Current portion of amounts payable after more than one year | 42 | €50,756 | €51,757 | +€1,001 | +2.0% |
| Financial debts | 43 | - | €171 | +€171 | |
| Credit institutions | 430/8 | - | €171 | +€171 | |
| Trade debts | 44 | €956 | €23,844 | +€22,888 | +2,393% |
| Suppliers | 440/4 | €956 | €23,844 | +€22,888 | +2,393% |
| Taxes, remuneration and social security | 45 | €2,987 | €45,201 | +€42,214 | +1,413% |
| Taxes | 450/3 | €2,987 | €45,201 | +€42,214 | +1,413% |
| Accrued charges and deferred income | 492/3 | €16,039 | €16,446 | +€407 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,788 | €82,275 | -€513 | -0.6% |
| Other operating charges | 640/8 | €12,584 | €13,625 | +€1,042 | +8.3% |
| Gross operating margin | 9900 | €157,865 | €158,569 | +€704 | +0.4% |
| Operating profit (loss) | 9901 | €62,493 | €62,669 | +€175 | +0.3% |
| Financial income | 75/76B | €5,249 | €95,215 | +€89,967 | +1,714% |
| Recurring financial income | 75 | €5,249 | €10,439 | +€5,190 | +98.9% |
| Non-recurring financial income | 76B | - | €84,777 | +€84,777 | |
| Financial charges | 65/66B | €14,128 | €18,932 | +€4,804 | +34.0% |
| Recurring financial charges | 65 | €14,128 | €13,303 | -€824 | -5.8% |
| Non-recurring financial charges | 66B | - | €5,628 | +€5,628 | |
| Profit (loss) for the period before taxes | 9903 | €53,614 | €138,952 | +€85,338 | +159% |
| Income taxes | 67/77 | - | €19,910 | +€19,910 | |
| Profit (loss) for the period | 9904 | €53,614 | €119,042 | +€65,428 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €53,614 | €119,042 | +€65,428 | +122% |
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 22 October 2026 via checked.be.