D.S.R. 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.R. HOLDING
Largest movements
- Current investments -€170,000
no longer reported in 2025 (was €170,000)
- Cash +€136,785
up €136,785 (+1,166%), from €11,729 to €148,514
mainly Current investments (+€170,000) and Depreciation (+€15,797)
- Receivables within one year +€25,123
up €25,123 (+2.8%), from €886,452 to €911,575
of which Other amounts receivable: +€19,123
- Profit (loss) carried forward -€17,472
down €17,472 (-1.7%), from €1.0m to €1.0m
- Gross operating margin -€5,196
down €5,196 (-37.6%), from -€13,811 to -€19,007
- Taxes -€3,025
no longer reported in 2025 (was €3,025)
- Financial charges -€1,959
down €1,959 (-83.5%), from €2,346 to €387
- Other operating charges -€1,383
down €1,383 (-39.4%), from €3,508 to €2,125
- Financial income -€830
down €830 (-4.0%), from €20,676 to €19,845
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 | €1,299,942 | €1,276,106 | -€23,835 | -1.8% |
| Fixed assets | 21/28 | €231,460 | €215,663 | -€15,797 | -6.8% |
| Intangible fixed assets | 21 | €32,461 | €28,854 | -€3,607 | -11.1% |
| Tangible fixed assets | 22/27 | €13,126 | €935 | -€12,191 | -92.9% |
| Furniture and vehicles | 24 | €13,126 | €935 | -€12,191 | -92.9% |
| Financial fixed assets | 28 | €185,874 | €185,874 | = | 0.0% |
| Current assets | 29/58 | €1,068,482 | €1,060,444 | -€8,038 | -0.8% |
| Amounts receivable within one year | 40/41 | €886,452 | €911,575 | +€25,123 | +2.8% |
| Trade receivables | 40 | €60,000 | €66,000 | +€6,000 | +10.0% |
| Other amounts receivable | 41 | €826,452 | €845,575 | +€19,123 | +2.3% |
| Current investments | 50/53 | €170,000 | - | -€170,000 | |
| Cash at bank and in hand | 54/58 | €11,729 | €148,514 | +€136,785 | +1,166% |
| Deferred charges and accrued income | 490/1 | €301 | €355 | +€54 | +18.0% |
| Total equity and liabilities | 10/49 | €1,299,942 | €1,276,106 | -€23,835 | -1.8% |
| Equity | 10/15 | €1,277,803 | €1,260,332 | -€17,472 | -1.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €208,500 | €208,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €206,000 | €206,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,044,303 | €1,026,832 | -€17,472 | -1.7% |
| Amounts payable | 17/49 | €22,139 | €15,775 | -€6,364 | -28.7% |
| Amounts payable after more than one year | 17 | €1,488 | - | -€1,488 | |
| Financial debts | 170/4 | €1,488 | - | -€1,488 | |
| Amounts payable within one year | 42/48 | €20,651 | €15,775 | -€4,876 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €12,490 | €1,644 | -€10,846 | -86.8% |
| Trade debts | 44 | €8,161 | €14,131 | +€5,970 | +73.2% |
| Suppliers | 440/4 | €8,161 | €14,131 | +€5,970 | +73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,797 | €15,797 | = | 0.0% |
| Other operating charges | 640/8 | €3,508 | €2,125 | -€1,383 | -39.4% |
| Gross operating margin | 9900 | -€13,811 | -€19,007 | -€5,196 | -37.6% |
| Operating profit (loss) | 9901 | -€33,116 | -€36,929 | -€3,813 | -11.5% |
| Financial income | 75/76B | €20,676 | €19,845 | -€830 | -4.0% |
| Recurring financial income | 75 | €20,676 | €19,845 | -€830 | -4.0% |
| Financial charges | 65/66B | €2,346 | €387 | -€1,959 | -83.5% |
| Recurring financial charges | 65 | €2,346 | €387 | -€1,959 | -83.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,787 | -€17,472 | -€2,685 | -18.2% |
| Income taxes | 67/77 | €3,025 | - | -€3,025 | |
| Profit (loss) for the period | 9904 | -€17,812 | -€17,472 | +€341 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,812 | -€17,472 | +€341 | +1.9% |
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 28 October 2026 via checked.be.