D.S. TECHNICS: 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.
What changed
D.S. TECHNICS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€104,546
2024 · €76,121+€28,425
Equity
€456,846
2024 · €373,893+€82,953
Cash
€198,052
2024 · €250,272-€52,220
Balance sheet total
€4.1m
2024 · €4.1m+€36,124
Largest movements
Assets
- Stocks and contracts +€122,554
up €122,554 (+17.2%), from €711,919 to €834,472
of which Contracts in progress: +€127,889
- Tangible fixed assets -€112,221
down €112,221 (-6.1%), from €1.8m to €1.7m
of which Land and buildings: -€114,751
- Receivables within one year +€104,368
up €104,368 (+8.5%), from €1.2m to €1.3m
of which Other amounts receivable: +€79,542
- Cash -€52,220
down €52,220 (-20.9%), from €250,272 to €198,052
mainly Debts after one year (-€825,162) and Stocks and contracts (-€122,554)
Equity and liabilities
- Debts after one year -€825,162
down €825,162 (-50.6%), from €1.6m to €804,800
of which Other amounts payable: -€650,000
- Advances received +€514,773
up €514,773 (+58.5%), from €880,351 to €1.4m
- Trade debts +€161,072
up €161,072 (+25.1%), from €640,605 to €801,677
- Profit (loss) carried forward +€104,546
up €104,546 (+27.5%), from -€380,348 to -€275,802
- Provisions +€100,306
up €100,306 (+98.8%), from €101,528 to €201,834
Income statement
- Turnover +€560,172
up €560,172 (+11.5%), from €4.9m to €5.4m
- Goods and materials +€413,408
up €413,408 (+16.3%), from €2.5m to €2.9m
of which Purchases: +€414,246
- Other operating income +€193,609
up €193,609 (+206.4%), from €93,818 to €287,427
- Staff costs -€158,059
down €158,059 (-8.9%), from €1.8m to €1.6m
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.
Result 2024
€76,121
Turnover
+€560,172
Other operating income
+€193,609
Goods and materials
-€413,408
Services and other goods
+€6,242
Staff costs
+€158,059
Depreciation
-€147
Provisions
+€717
Other operating charges
+€4,850
Other operating items
-€482,126
Financial income
+€133
Financial charges
+€1,727
Taxes
-€1,403
Result 2025
€104,546
Cash bridge derived
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.
From operations
+€835,138
Investment
-€7,127
Financing
-€880,231
Cash 2024
€250,272
From operations (derived)
+€835,138
Net result for the year
+€104,546
Depreciation
+€120,361
Stocks and contracts
-€122,554
Receivables within one year
-€104,368
Deferred charges and accrued income
+€25,344
Provisions
+€100,306
Trade debts
+€161,072
Tax, wage and social debts
-€5,637
Advances received
+€514,773
Other debts
+€6,234
Accrued charges and deferred income
+€35,061
Investment (derived)
-€7,127
Investment in fixed assets (net)
-€7,127
Financing
-€880,231
Debts after one year
-€825,162
Current portion of long-term debt
-€33,476
Contributions, distributions and other
-€21,593
Cash 2025
€198,052
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,071,897 | €4,108,021 | +€36,124 | +0.9% |
| Fixed assets | 21/28 | €1,860,695 | €1,747,460 | -€113,234 | -6.1% |
| Intangible fixed assets | 21 | €1,500 | €487 | -€1,013 | -67.5% |
| Tangible fixed assets | 22/27 | €1,830,039 | €1,717,818 | -€112,221 | -6.1% |
| Land and buildings | 22 | €1,822,641 | €1,707,890 | -€114,751 | -6.3% |
| Plant, machinery and equipment | 23 | €4,160 | €1,663 | -€2,496 | -60.0% |
| Furniture and vehicles | 24 | €3,239 | €8,266 | +€5,027 | +155.2% |
| Financial fixed assets | 28 | €29,155 | €29,155 | = | 0.0% |
| Other financial fixed assets | 284/8 | €29,155 | €29,155 | = | 0.0% |
| Shares | 284 | €2,675 | €2,675 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €26,480 | €26,480 | = | 0.0% |
| Current assets | 29/58 | €2,211,202 | €2,360,561 | +€149,359 | +6.8% |
| Stocks and contracts in progress | 3 | €711,919 | €834,472 | +€122,554 | +17.2% |
| Stocks | 30/36 | €45,655 | €40,319 | -€5,336 | -11.7% |
| Raw materials and consumables | 30/31 | €45,655 | €40,319 | -€5,336 | -11.7% |
| Contracts in progress | 37 | €666,263 | €794,153 | +€127,889 | +19.2% |
| Amounts receivable within one year | 40/41 | €1,220,853 | €1,325,222 | +€104,368 | +8.5% |
| Trade receivables | 40 | €1,191,123 | €1,215,950 | +€24,827 | +2.1% |
| Other amounts receivable | 41 | €29,730 | €109,272 | +€79,542 | +267.5% |
| Cash at bank and in hand | 54/58 | €250,272 | €198,052 | -€52,220 | -20.9% |
| Deferred charges and accrued income | 490/1 | €28,158 | €2,815 | -€25,344 | -90.0% |
| Total equity and liabilities | 10/49 | €4,071,897 | €4,108,021 | +€36,124 | +0.9% |
| Equity | 10/15 | €373,893 | €456,846 | +€82,953 | +22.2% |
| Contributions | 10/11 | €412,000 | €412,000 | = | 0.0% |
| Capital | 10 | €412,000 | €412,000 | = | 0.0% |
| Issued capital | 100 | €412,000 | €412,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,348 | -€275,802 | +€104,546 | +27.5% |
| Investment grants | 15 | €342,242 | €320,648 | -€21,593 | -6.3% |
| Provisions and deferred taxes | 16 | €101,528 | €201,834 | +€100,306 | +98.8% |
| Provisions for liabilities and charges | 160/5 | €101,528 | €201,834 | +€100,306 | +98.8% |
| Other liabilities and charges | 164/5 | €101,528 | €201,834 | +€100,306 | +98.8% |
| Amounts payable | 17/49 | €3,596,475 | €3,449,340 | -€147,135 | -4.1% |
| Amounts payable after more than one year | 17 | €1,629,962 | €804,800 | -€825,162 | -50.6% |
| Financial debts | 170/4 | €175,162 | - | -€175,162 | |
| Credit institutions | 173 | €175,162 | - | -€175,162 | |
| Other amounts payable | 178/9 | €1,454,800 | €804,800 | -€650,000 | -44.7% |
| Amounts payable within one year | 42/48 | €1,903,070 | €2,546,036 | +€642,966 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €208,638 | €175,162 | -€33,476 | -16.0% |
| Trade debts | 44 | €640,605 | €801,677 | +€161,072 | +25.1% |
| Suppliers | 440/4 | €640,605 | €801,677 | +€161,072 | +25.1% |
| Advances received on contracts in progress | 46 | €880,351 | €1,395,124 | +€514,773 | +58.5% |
| Taxes, remuneration and social security | 45 | €173,476 | €167,840 | -€5,637 | -3.2% |
| Taxes | 450/3 | €12,379 | €26,860 | +€14,481 | +117.0% |
| Remuneration and social security | 454/9 | €161,097 | €140,980 | -€20,118 | -12.5% |
| Other amounts payable | 47/48 | - | €6,234 | +€6,234 | |
| Accrued charges and deferred income | 492/3 | €63,443 | €98,505 | +€35,061 | +55.3% |
| Operating income | 70/76A | €5,043,720 | €5,315,375 | +€271,655 | +5.4% |
| Turnover | 70 | €4,854,660 | €5,414,831 | +€560,172 | +11.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €95,242 | -€386,884 | -€482,126 | |
| Other operating income | 74 | €93,818 | €287,427 | +€193,609 | +206.4% |
| Operating charges | 60/66A | €4,936,372 | €5,180,058 | +€243,687 | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €2,532,806 | €2,946,214 | +€413,408 | +16.3% |
| Purchases | 600/8 | €2,526,632 | €2,940,878 | +€414,246 | +16.4% |
| Change in stocks: decrease (increase) | 609 | €6,174 | €5,336 | -€838 | -13.6% |
| Services and other goods | 61 | €381,629 | €375,388 | -€6,242 | -1.6% |
| Remuneration, social security and pensions | 62 | €1,768,584 | €1,610,524 | -€158,059 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,214 | €120,361 | +€147 | +0.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €101,024 | €100,306 | -€717 | -0.7% |
| Other operating charges | 640/8 | €32,114 | €27,265 | -€4,850 | -15.1% |
| Operating profit (loss) | 9901 | €107,348 | €135,317 | +€27,968 | +26.1% |
| Financial income | 75/76B | €22,176 | €22,309 | +€133 | +0.6% |
| Recurring financial income | 75 | €22,176 | €22,309 | +€133 | +0.6% |
| Income from financial fixed assets | 750 | €583 | €716 | +€132 | +22.7% |
| Other financial income | 752/9 | €21,593 | €21,594 | +€0 | 0.0% |
| Financial charges | 65/66B | €52,187 | €50,460 | -€1,727 | -3.3% |
| Recurring financial charges | 65 | €52,187 | €50,460 | -€1,727 | -3.3% |
| Debt charges | 650 | €50,422 | €48,793 | -€1,629 | -3.2% |
| Other financial charges | 652/9 | €1,765 | €1,667 | -€98 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €77,338 | €107,166 | +€29,828 | +38.6% |
| Income taxes | 67/77 | €1,217 | €2,619 | +€1,403 | +115.3% |
| Taxes | 670/3 | €1,217 | €2,719 | +€1,502 | +123.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €100 | +€100 | |
| Profit (loss) for the period | 9904 | €76,121 | €104,546 | +€28,425 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,121 | €104,546 | +€28,425 | +37.3% |
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 10 October 2026 via checked.be.