D.S.P.: 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.P.
Largest movements
- Receivables within one year +€187,074
up €187,074 (+239%), from €78,417 to €265,491
of which Trade receivables: +€131,483
- Tangible fixed assets -€20,472
down €20,472 (-33.5%), from €61,037 to €40,565
- Cash -€9,027
no longer reported in 2025 (was €9,027)
mainly Receivables within one year (-€187,074) and Tax, wage and social debts (-€37,570)
- Profit (loss) carried forward +€161,087
up €161,087, from -€26,143 to €134,944
- Tax, wage and social debts -€37,570
down €37,570 (-48.9%), from €76,849 to €39,279
of which Taxes: -€39,700
- Trade debts +€24,576
up €24,576 (+75.0%), from €32,757 to €57,333
- Other debts +€8,681
up €8,681 (+27.3%), from €31,745 to €40,426
- Gross operating margin +€228,131
up €228,131 (+306%), from €74,448 to €302,579
- Staff costs +€75,364
up €75,364 (+282%), from €26,728 to €102,092
- Depreciation +€7,123
up €7,123 (+46.4%), from €15,357 to €22,480
- Other operating charges -€3,875
down €3,875 (-39.3%), from €9,871 to €5,996
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 | €162,481 | €320,056 | +€157,575 | +97.0% |
| Fixed assets | 21/28 | €75,037 | €54,565 | -€20,472 | -27.3% |
| Tangible fixed assets | 22/27 | €61,037 | €40,565 | -€20,472 | -33.5% |
| Furniture and vehicles | 24 | €61,037 | €40,565 | -€20,472 | -33.5% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €87,444 | €265,491 | +€178,047 | +204% |
| Amounts receivable within one year | 40/41 | €78,417 | €265,491 | +€187,074 | +239% |
| Trade receivables | 40 | €78,339 | €209,822 | +€131,483 | +168% |
| Other amounts receivable | 41 | €78 | €55,669 | +€55,591 | +71,271% |
| Cash at bank and in hand | 54/58 | €9,027 | - | -€9,027 | |
| Total equity and liabilities | 10/49 | €162,481 | €320,056 | +€157,575 | +97.0% |
| Equity | 10/15 | €21,130 | €182,217 | +€161,087 | +762% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,073 | €41,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €39,213 | €39,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,143 | €134,944 | +€161,087 | |
| Amounts payable | 17/49 | €141,351 | €137,839 | -€3,512 | -2.5% |
| Amounts payable within one year | 42/48 | €141,351 | €137,839 | -€3,512 | -2.5% |
| Financial debts | 43 | - | €801 | +€801 | |
| Credit institutions | 430/8 | - | €801 | +€801 | |
| Trade debts | 44 | €32,757 | €57,333 | +€24,576 | +75.0% |
| Suppliers | 440/4 | €32,757 | €57,333 | +€24,576 | +75.0% |
| Taxes, remuneration and social security | 45 | €76,849 | €39,279 | -€37,570 | -48.9% |
| Taxes | 450/3 | €71,695 | €31,995 | -€39,700 | -55.4% |
| Remuneration and social security | 454/9 | €5,154 | €7,284 | +€2,130 | +41.3% |
| Other amounts payable | 47/48 | €31,745 | €40,426 | +€8,681 | +27.3% |
| Remuneration, social security and pensions | 62 | €26,728 | €102,092 | +€75,364 | +282% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,357 | €22,480 | +€7,123 | +46.4% |
| Other operating charges | 640/8 | €9,871 | €5,996 | -€3,875 | -39.3% |
| Non-recurring operating charges | 66A | €8,601 | €9,990 | +€1,389 | +16.1% |
| Gross operating margin | 9900 | €74,448 | €302,579 | +€228,131 | +306% |
| Operating profit (loss) | 9901 | €13,891 | €162,021 | +€148,130 | +1,066% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €974 | €934 | -€40 | -4.1% |
| Recurring financial charges | 65 | €974 | €934 | -€40 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €12,951 | €161,087 | +€148,136 | +1,144% |
| Profit (loss) for the period | 9904 | €12,951 | €161,087 | +€148,136 | +1,144% |
| Profit (loss) for the period to be appropriated | 9905 | €12,951 | €161,087 | +€148,136 | +1,144% |
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 20 October 2026 via checked.be.