D³SL: 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.
D³SL
Largest movements
- Stocks and contracts +€4,160
up €4,160 (+59.0%), from €7,049 to €11,209
- Cash -€1,205
down €1,205 (-41.2%), from €2,921 to €1,716
mainly Stocks and contracts (-€4,160) and Trade debts (-€824)
- Receivables within one year +€192
up €192 (+5.0%), from €3,868 to €4,060
of which Trade receivables: +€1,882
- Other debts +€2,662
up €2,662 (+24.2%), from €11,018 to €13,679
- Trade debts -€824
down €824 (-64.2%), from €1,283 to €459
- Profit (loss) carried forward +€711
up €711, from -€311 to €400
- Tax, wage and social debts +€427
up €427 (+58.4%), from €731 to €1,158
- Gross operating margin +€2,690
up €2,690, from -€1,029 to €1,661
- Taxes +€221
up €221, from -€39 to €182
- Financial income -€68
down €68 (-97.2%), from €70 to €2
- Staff costs +€41
new in 2025: €41
- Depreciation -€33
down €33 (-15.4%), from €211 to €178
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,720 | €17,696 | +€2,976 | +20.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €619 | €541 | -€78 | -12.7% |
| Intangible fixed assets | 21 | €619 | €541 | -€78 | -12.7% |
| Current assets | 29/58 | €14,100 | €17,155 | +€3,055 | +21.7% |
| Stocks and contracts in progress | 3 | €7,049 | €11,209 | +€4,160 | +59.0% |
| Stocks | 30/36 | €7,049 | €11,209 | +€4,160 | +59.0% |
| Amounts receivable within one year | 40/41 | €3,868 | €4,060 | +€192 | +5.0% |
| Trade receivables | 40 | €991 | €2,873 | +€1,882 | +189.9% |
| Other amounts receivable | 41 | €2,877 | €1,187 | -€1,690 | -58.7% |
| Cash at bank and in hand | 54/58 | €2,921 | €1,716 | -€1,205 | -41.2% |
| Deferred charges and accrued income | 490/1 | €262 | €169 | -€93 | -35.4% |
| Total equity and liabilities | 10/49 | €14,720 | €17,696 | +€2,976 | +20.2% |
| Equity | 10/15 | €1,689 | €2,400 | +€711 | +42.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€311 | €400 | +€711 | |
| Amounts payable | 17/49 | €13,031 | €15,296 | +€2,265 | +17.4% |
| Amounts payable within one year | 42/48 | €13,031 | €15,296 | +€2,265 | +17.4% |
| Trade debts | 44 | €1,283 | €459 | -€824 | -64.2% |
| Suppliers | 440/4 | €1,283 | €459 | -€824 | -64.2% |
| Taxes, remuneration and social security | 45 | €731 | €1,158 | +€427 | +58.4% |
| Taxes | 450/3 | €731 | €1,158 | +€427 | +58.4% |
| Other amounts payable | 47/48 | €11,018 | €13,679 | +€2,662 | +24.2% |
| Remuneration, social security and pensions | 62 | - | €41 | +€41 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211 | €178 | -€33 | -15.4% |
| Other operating charges | 640/8 | €480 | €462 | -€18 | -3.8% |
| Gross operating margin | 9900 | -€1,029 | €1,661 | +€2,690 | |
| Operating profit (loss) | 9901 | -€1,720 | €979 | +€2,700 | |
| Financial income | 75/76B | €70 | €2 | -€68 | -97.2% |
| Recurring financial income | 75 | €70 | €2 | -€68 | -97.2% |
| Financial charges | 65/66B | €97 | €89 | -€8 | -8.1% |
| Recurring financial charges | 65 | €97 | €89 | -€8 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,747 | €893 | +€2,639 | |
| Income taxes | 67/77 | -€39 | €182 | +€221 | |
| Profit (loss) for the period | 9904 | -€1,707 | €711 | +€2,418 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,707 | €711 | +€2,418 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.