DBS: 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.
DBS
Largest movements
- Receivables within one year +€368,609
up €368,609 (+603.8%), from €61,050 to €429,660
of which Other amounts receivable: +€370,961
- Cash -€94,738
down €94,738 (-59.6%), from €158,865 to €64,127
mainly Receivables within one year (-€368,609) and Net result for the year (-€66,436)
- Receivables after one year -€79,039
down €79,039 (-26.3%), from €300,000 to €220,961
- Tangible fixed assets -€21,080
down €21,080 (-19.1%), from €110,134 to €89,054
of which Land and buildings: -€18,141
- Current portion of long-term debt +€136,720
up €136,720 (+784.3%), from €17,433 to €154,153
- Other debts +€135,556
up €135,556 (+210.3%), from €64,444 to €200,000
- Reserves -€66,436
down €66,436 (-14.8%), from €448,280 to €381,844
- Tax, wage and social debts -€59,722
down €59,722 (-89.2%), from €66,961 to €7,238
of which Taxes: -€57,349
- Trade debts +€27,655
up €27,655 (+197.1%), from €14,031 to €41,686
- Gross operating margin -€18,277
down €18,277 (-317.2%), from -€5,762 to -€24,040
- Financial charges +€13,504
up €13,504 (+124.8%), from €10,820 to €24,324
- Financial income +€7,656
up €7,656 (+382.8%), from €2,000 to €9,656
- Other operating charges -€5,294
down €5,294 (-77.0%), from €6,878 to €1,584
- Depreciation -€3,203
down €3,203 (-11.7%), from €27,302 to €24,100
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 | €640,878 | €810,537 | +€169,658 | +26.5% |
| Fixed assets | 21/28 | €116,203 | €92,103 | -€24,100 | -20.7% |
| Intangible fixed assets | 21 | €5,404 | €2,384 | -€3,020 | -55.9% |
| Tangible fixed assets | 22/27 | €110,134 | €89,054 | -€21,080 | -19.1% |
| Land and buildings | 22 | €100,180 | €82,038 | -€18,141 | -18.1% |
| Plant, machinery and equipment | 23 | €5,830 | €4,507 | -€1,322 | -22.7% |
| Furniture and vehicles | 24 | €4,125 | €2,509 | -€1,616 | -39.2% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Financial fixed assets | 28 | €665 | €665 | = | 0.0% |
| Current assets | 29/58 | €524,676 | €718,433 | +€193,758 | +36.9% |
| Amounts receivable after more than one year | 29 | €300,000 | €220,961 | -€79,039 | -26.3% |
| Other amounts receivable | 291 | €300,000 | €220,961 | -€79,039 | -26.3% |
| Amounts receivable within one year | 40/41 | €61,050 | €429,660 | +€368,609 | +603.8% |
| Trade receivables | 40 | €60,867 | €58,516 | -€2,352 | -3.9% |
| Other amounts receivable | 41 | €183 | €371,144 | +€370,961 | +202766.3% |
| Cash at bank and in hand | 54/58 | €158,865 | €64,127 | -€94,738 | -59.6% |
| Deferred charges and accrued income | 490/1 | €4,760 | €3,686 | -€1,074 | -22.6% |
| Total equity and liabilities | 10/49 | €640,878 | €810,537 | +€169,658 | +26.5% |
| Equity | 10/15 | €454,480 | €388,044 | -€66,436 | -14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €448,280 | €381,844 | -€66,436 | -14.8% |
| Distributable reserves | 133 | €448,280 | €381,844 | -€66,436 | -14.8% |
| Amounts payable | 17/49 | €186,399 | €422,493 | +€236,094 | +126.7% |
| Amounts payable after more than one year | 17 | €23,311 | €7,958 | -€15,353 | -65.9% |
| Financial debts | 170/4 | €23,311 | €7,958 | -€15,353 | -65.9% |
| Amounts payable within one year | 42/48 | €162,868 | €403,077 | +€240,209 | +147.5% |
| Current portion of amounts payable after more than one year | 42 | €17,433 | €154,153 | +€136,720 | +784.3% |
| Trade debts | 44 | €14,031 | €41,686 | +€27,655 | +197.1% |
| Suppliers | 440/4 | €14,031 | €41,686 | +€27,655 | +197.1% |
| Taxes, remuneration and social security | 45 | €66,961 | €7,238 | -€59,722 | -89.2% |
| Taxes | 450/3 | €64,588 | €7,238 | -€57,349 | -88.8% |
| Remuneration and social security | 454/9 | €2,373 | - | -€2,373 | |
| Other amounts payable | 47/48 | €64,444 | €200,000 | +€135,556 | +210.3% |
| Accrued charges and deferred income | 492/3 | €220 | €11,458 | +€11,238 | +5108.2% |
| Remuneration, social security and pensions | 62 | €2,051 | €1,169 | -€882 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,302 | €24,100 | -€3,203 | -11.7% |
| Other operating charges | 640/8 | €6,878 | €1,584 | -€5,294 | -77.0% |
| Non-recurring operating charges | 66A | €103,210 | - | -€103,210 | |
| Gross operating margin | 9900 | -€5,762 | -€24,040 | -€18,277 | -317.2% |
| Operating profit (loss) | 9901 | -€145,204 | -€50,893 | +€94,311 | +65.0% |
| Financial income | 75/76B | €2,000 | €9,656 | +€7,656 | +382.8% |
| Recurring financial income | 75 | €2,000 | €9,656 | +€7,656 | +382.8% |
| Financial charges | 65/66B | €10,820 | €24,324 | +€13,504 | +124.8% |
| Recurring financial charges | 65 | €10,820 | €24,324 | +€13,504 | +124.8% |
| Profit (loss) for the period before taxes | 9903 | -€154,024 | -€65,561 | +€88,463 | +57.4% |
| Income taxes | 67/77 | €816 | €875 | +€59 | +7.2% |
| Profit (loss) for the period | 9904 | -€154,840 | -€66,436 | +€88,404 | +57.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€154,840 | -€66,436 | +€88,404 | +57.1% |
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 6 October 2026 via checked.be.