D.T.S.: 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.T.S.
Largest movements
- Cash +€32,686
up €32,686 (+11.2%), from €291,415 to €324,101
mainly Depreciation (+€35,337) and Stocks and contracts (+€31,518)
- Tangible fixed assets -€32,605
down €32,605 (-9.8%), from €332,499 to €299,893
of which Land and buildings: -€18,662
- Stocks and contracts -€31,518
down €31,518 (-5.1%), from €612,332 to €580,814
- Receivables within one year -€27,620
down €27,620 (-17.5%), from €157,444 to €129,823
of which Trade receivables: -€27,627
- Profit (loss) carried forward -€47,814
down €47,814 (-90.3%), from -€52,959 to -€100,773
- Gross operating margin -€61,442
down €61,442 (-29.7%), from €206,556 to €145,114
- Financial charges -€7,430
down €7,430 (-48.0%), from €15,488 to €8,058
- Staff costs +€5,099
up €5,099 (+3.5%), from €145,854 to €150,953
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 | €1,394,904 | €1,335,847 | -€59,057 | -4.2% |
| Fixed assets | 21/28 | €332,561 | €299,955 | -€32,605 | -9.8% |
| Tangible fixed assets | 22/27 | €332,499 | €299,893 | -€32,605 | -9.8% |
| Land and buildings | 22 | €258,084 | €239,422 | -€18,662 | -7.2% |
| Plant, machinery and equipment | 23 | €21,318 | €18,651 | -€2,668 | -12.5% |
| Furniture and vehicles | 24 | €53,096 | €41,821 | -€11,276 | -21.2% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €1,062,344 | €1,035,892 | -€26,452 | -2.5% |
| Stocks and contracts in progress | 3 | €612,332 | €580,814 | -€31,518 | -5.1% |
| Stocks | 30/36 | €612,332 | €580,814 | -€31,518 | -5.1% |
| Amounts receivable within one year | 40/41 | €157,444 | €129,823 | -€27,620 | -17.5% |
| Trade receivables | 40 | €142,572 | €114,944 | -€27,627 | -19.4% |
| Other amounts receivable | 41 | €14,872 | €14,879 | +€7 | 0.0% |
| Current investments | 50/53 | €1,153 | €1,153 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €291,415 | €324,101 | +€32,686 | +11.2% |
| Total equity and liabilities | 10/49 | €1,394,904 | €1,335,847 | -€59,057 | -4.2% |
| Equity | 10/15 | €1,289,515 | €1,240,446 | -€49,068 | -3.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,274,397 | €1,274,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,501 | €2,501 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,501 | €2,501 | = | 0.0% |
| Distributable reserves | 133 | €1,271,897 | €1,271,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,959 | -€100,773 | -€47,814 | -90.3% |
| Investment grants | 15 | €43,076 | €41,821 | -€1,254 | -2.9% |
| Provisions and deferred taxes | 16 | €22,129 | €21,478 | -€651 | -2.9% |
| Deferred taxes | 168 | €22,129 | €21,478 | -€651 | -2.9% |
| Amounts payable | 17/49 | €83,261 | €73,923 | -€9,338 | -11.2% |
| Amounts payable after more than one year | 17 | €43,845 | €30,900 | -€12,946 | -29.5% |
| Financial debts | 170/4 | €43,845 | €30,900 | -€12,946 | -29.5% |
| Amounts payable within one year | 42/48 | €39,415 | €43,023 | +€3,608 | +9.2% |
| Trade debts | 44 | €4,756 | €3,888 | -€868 | -18.3% |
| Suppliers | 440/4 | €4,756 | €3,888 | -€868 | -18.3% |
| Taxes, remuneration and social security | 45 | €33,744 | €38,220 | +€4,476 | +13.3% |
| Taxes | 450/3 | €13,853 | €13,641 | -€212 | -1.5% |
| Remuneration and social security | 454/9 | €19,891 | €24,579 | +€4,688 | +23.6% |
| Other amounts payable | 47/48 | €915 | €915 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €145,854 | €150,953 | +€5,099 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,848 | €35,337 | +€1,489 | +4.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,833 | - | -€1,833 | |
| Other operating charges | 640/8 | €6,370 | €6,712 | +€342 | +5.4% |
| Gross operating margin | 9900 | €206,556 | €145,114 | -€61,442 | -29.7% |
| Operating profit (loss) | 9901 | €18,652 | -€47,888 | -€66,540 | |
| Financial income | 75/76B | €9,261 | €7,614 | -€1,647 | -17.8% |
| Recurring financial income | 75 | €9,261 | €7,614 | -€1,647 | -17.8% |
| Financial charges | 65/66B | €15,488 | €8,058 | -€7,430 | -48.0% |
| Recurring financial charges | 65 | €15,488 | €8,058 | -€7,430 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €12,424 | -€48,333 | -€60,757 | |
| Transfer from deferred taxes | 780 | €651 | €651 | = | 0.0% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.5% |
| Profit (loss) for the period | 9904 | €12,947 | -€47,814 | -€60,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,947 | -€47,814 | -€60,761 |
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 14 October 2026 via checked.be.