D&S Partner: what changed
Two fiscal 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 Partner
Largest movements
- Tangible fixed assets -€9,554
down €9,554 (-37.7%), from €25,350 to €15,796
of which Leasing and similar rights: -€6,810
- Cash +€3,333
up €3,333 (+340.9%), from €978 to €4,310
mainly Depreciation (+€9,554) and Net result for the year (+€3,675)
- Receivables within one year +€3,197
up €3,197 (+4.3%), from €75,027 to €78,224
of which Other amounts receivable: +€5,263
- Debts after one year -€5,777
down €5,777 (-43.4%), from €13,304 to €7,527
- Profit (loss) carried forward +€3,675
up €3,675 (+6.1%), from €60,123 to €63,798
- Trade debts -€2,963
down €2,963 (-37.9%), from €7,812 to €4,848
- Tax, wage and social debts +€2,731
up €2,731 (+28.3%), from €9,649 to €12,380
of which Taxes: +€1,447
- Other operating charges -€5,890
down €5,890 (-74.0%), from €7,961 to €2,071
- Gross operating margin -€4,145
down €4,145 (-8.5%), from €48,639 to €44,494
- Staff costs -€2,141
down €2,141 (-7.0%), from €30,638 to €28,498
- Taxes +€912
up €912 (+59.2%), from €1,540 to €2,452
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €101,355 | €98,330 | -€3,024 | -3.0% |
| Fixed assets | 21/28 | €25,350 | €15,796 | -€9,554 | -37.7% |
| Tangible fixed assets | 22/27 | €25,350 | €15,796 | -€9,554 | -37.7% |
| Furniture and vehicles | 24 | €2,887 | €143 | -€2,745 | -95.1% |
| Leasing and similar rights | 25 | €22,463 | €15,653 | -€6,810 | -30.3% |
| Current assets | 29/58 | €76,004 | €82,534 | +€6,530 | +8.6% |
| Amounts receivable within one year | 40/41 | €75,027 | €78,224 | +€3,197 | +4.3% |
| Trade receivables | 40 | €29,021 | €26,956 | -€2,065 | -7.1% |
| Other amounts receivable | 41 | €46,006 | €51,268 | +€5,263 | +11.4% |
| Cash at bank and in hand | 54/58 | €978 | €4,310 | +€3,333 | +340.9% |
| Total equity and liabilities | 10/49 | €101,355 | €98,330 | -€3,024 | -3.0% |
| Equity | 10/15 | €64,123 | €67,798 | +€3,675 | +5.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,123 | €63,798 | +€3,675 | +6.1% |
| Amounts payable | 17/49 | €37,232 | €30,532 | -€6,699 | -18.0% |
| Amounts payable after more than one year | 17 | €13,304 | €7,527 | -€5,777 | -43.4% |
| Financial debts | 170/4 | €13,304 | €7,527 | -€5,777 | -43.4% |
| Amounts payable within one year | 42/48 | €23,927 | €23,005 | -€922 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €6,467 | €5,777 | -€689 | -10.7% |
| Trade debts | 44 | €7,812 | €4,848 | -€2,963 | -37.9% |
| Suppliers | 440/4 | €7,812 | €4,848 | -€2,963 | -37.9% |
| Taxes, remuneration and social security | 45 | €9,649 | €12,380 | +€2,731 | +28.3% |
| Taxes | 450/3 | €4,863 | €6,311 | +€1,447 | +29.8% |
| Remuneration and social security | 454/9 | €4,786 | €6,069 | +€1,283 | +26.8% |
| Remuneration, social security and pensions | 62 | €30,638 | €28,498 | -€2,141 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,554 | €9,554 | = | 0.0% |
| Other operating charges | 640/8 | €7,961 | €2,071 | -€5,890 | -74.0% |
| Gross operating margin | 9900 | €48,639 | €44,494 | -€4,145 | -8.5% |
| Operating profit (loss) | 9901 | €485 | €4,371 | +€3,886 | +801.5% |
| Financial income | 75/76B | €2,630 | €2,636 | +€6 | +0.2% |
| Recurring financial income | 75 | €2,630 | €2,636 | +€6 | +0.2% |
| Financial charges | 65/66B | €1,270 | €880 | -€390 | -30.7% |
| Recurring financial charges | 65 | €1,270 | €880 | -€390 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €1,845 | €6,127 | +€4,282 | +232.1% |
| Income taxes | 67/77 | €1,540 | €2,452 | +€912 | +59.2% |
| Profit (loss) for the period | 9904 | €305 | €3,675 | +€3,370 | +1106.4% |
| Profit (loss) for the period to be appropriated | 9905 | €305 | €3,675 | +€3,370 | +1106.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.