D.S.M. HOLDING: 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.M. HOLDING
Largest movements
- Receivables within one year -€37,853
down €37,853 (-68.2%), from €55,477 to €17,623
- Deferred charges and accrued income -€7,389
down €7,389 (-66.4%), from €11,126 to €3,737
- Other debts -€33,686
down €33,686 (-9.9%), from €339,937 to €306,251
- Advances received +€10,000
new in 2025: €10,000
- Debts after one year -€9,872
down €9,872 (-66.3%), from €14,900 to €5,029
- Profit (loss) carried forward -€8,955
down €8,955 (-3.5%), from €254,773 to €245,819
- Financial income -€40,000
down €40,000 (-100%), from €40,000 to €0
- Gross operating margin -€4,722
down €4,722 (-24.5%), from €19,286 to €14,564
- Financial charges -€1,359
down €1,359 (-5.9%), from €23,074 to €21,715
- Other operating charges -€574
down €574 (-38.1%), from €1,505 to €931
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 | €718,387 | €672,952 | -€45,435 | -6.3% |
| Fixed assets | 21/28 | €639,455 | €638,959 | -€496 | -0.1% |
| Tangible fixed assets | 22/27 | €496 | €0 | -€496 | -100% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €496 | €0 | -€496 | -100% |
| Financial fixed assets | 28 | €638,959 | €638,959 | = | 0.0% |
| Current assets | 29/58 | €78,932 | €33,993 | -€44,939 | -56.9% |
| Amounts receivable within one year | 40/41 | €55,477 | €17,623 | -€37,853 | -68.2% |
| Other amounts receivable | 41 | €55,477 | €17,623 | -€37,853 | -68.2% |
| Cash at bank and in hand | 54/58 | €12,330 | €12,633 | +€303 | +2.5% |
| Deferred charges and accrued income | 490/1 | €11,126 | €3,737 | -€7,389 | -66.4% |
| Total equity and liabilities | 10/49 | €718,387 | €672,952 | -€45,435 | -6.3% |
| Equity | 10/15 | €322,423 | €313,469 | -€8,955 | -2.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,773 | €245,819 | -€8,955 | -3.5% |
| Amounts payable | 17/49 | €395,964 | €359,483 | -€36,480 | -9.2% |
| Amounts payable after more than one year | 17 | €14,900 | €5,029 | -€9,872 | -66.3% |
| Financial debts | 170/4 | €14,900 | €5,029 | -€9,872 | -66.3% |
| Amounts payable within one year | 42/48 | €364,669 | €338,097 | -€26,572 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €9,628 | €9,872 | +€243 | +2.5% |
| Trade debts | 44 | €9,194 | €6,156 | -€3,038 | -33.0% |
| Suppliers | 440/4 | €9,194 | €6,156 | -€3,038 | -33.0% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €5,910 | €5,819 | -€91 | -1.5% |
| Taxes | 450/3 | €1,910 | €1,819 | -€91 | -4.7% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €339,937 | €306,251 | -€33,686 | -9.9% |
| Accrued charges and deferred income | 492/3 | €16,394 | €16,358 | -€37 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €588 | €496 | -€92 | -15.6% |
| Other operating charges | 640/8 | €1,505 | €931 | -€574 | -38.1% |
| Gross operating margin | 9900 | €19,286 | €14,564 | -€4,722 | -24.5% |
| Operating profit (loss) | 9901 | €17,193 | €13,137 | -€4,056 | -23.6% |
| Financial income | 75/76B | €40,000 | €0 | -€40,000 | -100% |
| Recurring financial income | 75 | €40,000 | €0 | -€40,000 | -100% |
| Financial charges | 65/66B | €23,074 | €21,715 | -€1,359 | -5.9% |
| Recurring financial charges | 65 | €23,074 | €21,715 | -€1,359 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €34,120 | -€8,578 | -€42,697 | |
| Income taxes | 67/77 | €438 | €377 | -€61 | -13.9% |
| Profit (loss) for the period | 9904 | €33,682 | -€8,955 | -€42,637 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,682 | -€8,955 | -€42,637 |
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 24 October 2026 via checked.be.