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
- Stocks and contracts -€1,061
down €1,061 (-18.5%), from €5,737 to €4,676
- Cash +€340
up €340 (+6.2%), from €5,482 to €5,822
mainly Stocks and contracts (+€1,061) and Accrued charges and deferred income (+€939)
- Trade debts -€1,549
down €1,549 (-67.0%), from €2,311 to €762
- Accrued charges and deferred income +€939
up €939 (+50.0%), from €1,879 to €2,818
- Tax, wage and social debts -€183
down €183 (-66.0%), from €277 to €94
- Other operating charges -€692
down €692 (-59.2%), from €1,169 to €477
- Gross operating margin -€422
down €422 (-18.4%), from €2,295 to €1,873
- Financial charges +€274
up €274 (+24.8%), from €1,104 to €1,378
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 | €16,633 | €15,915 | -€719 | -4.3% |
| Fixed assets | 21/28 | €1,065 | €906 | -€160 | -15.0% |
| Tangible fixed assets | 22/27 | €1,065 | €906 | -€160 | -15.0% |
| Plant, machinery and equipment | 23 | €1,065 | €906 | -€160 | -15.0% |
| Current assets | 29/58 | €15,568 | €15,009 | -€559 | -3.6% |
| Stocks and contracts in progress | 3 | €5,737 | €4,676 | -€1,061 | -18.5% |
| Stocks | 30/36 | €5,737 | €4,676 | -€1,061 | -18.5% |
| Amounts receivable within one year | 40/41 | €4,349 | €4,511 | +€162 | +3.7% |
| Other amounts receivable | 41 | €4,349 | €4,511 | +€162 | +3.7% |
| Cash at bank and in hand | 54/58 | €5,482 | €5,822 | +€340 | +6.2% |
| Total equity and liabilities | 10/49 | €16,633 | €15,915 | -€719 | -4.3% |
| Equity | 10/15 | €12,167 | €12,241 | +€74 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,967 | €6,041 | +€74 | +1.2% |
| Distributable reserves | 133 | €5,967 | €6,041 | +€74 | +1.2% |
| Amounts payable | 17/49 | €4,467 | €3,674 | -€793 | -17.7% |
| Amounts payable within one year | 42/48 | €2,588 | €856 | -€1,732 | -66.9% |
| Trade debts | 44 | €2,311 | €762 | -€1,549 | -67.0% |
| Suppliers | 440/4 | €2,311 | €762 | -€1,549 | -67.0% |
| Taxes, remuneration and social security | 45 | €277 | €94 | -€183 | -66.0% |
| Taxes | 450/3 | €277 | €94 | -€183 | -66.0% |
| Accrued charges and deferred income | 492/3 | €1,879 | €2,818 | +€939 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €160 | = | 0.0% |
| Other operating charges | 640/8 | €1,169 | €477 | -€692 | -59.2% |
| Gross operating margin | 9900 | €2,295 | €1,873 | -€422 | -18.4% |
| Operating profit (loss) | 9901 | €967 | €1,237 | +€270 | +27.9% |
| Financial income | 75/76B | €248 | €238 | -€10 | -3.9% |
| Recurring financial income | 75 | €248 | €238 | -€10 | -3.9% |
| Financial charges | 65/66B | €1,104 | €1,378 | +€274 | +24.8% |
| Recurring financial charges | 65 | €1,104 | €1,378 | +€274 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €110 | €96 | -€14 | -12.4% |
| Income taxes | 67/77 | €24 | €22 | -€2 | -6.3% |
| Profit (loss) for the period | 9904 | €86 | €74 | -€12 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86 | €74 | -€12 | -14.1% |
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 28 September 2026 via checked.be.