DBS EXPRESS: 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.
DBS EXPRESS
Largest movements
- Cash +€79,409
up €79,409 (+255.7%), from €31,052 to €110,461
mainly Net result for the year (+€69,761) and Other debts (+€61,872)
- Tangible fixed assets -€74,818
down €74,818 (-43.9%), from €170,405 to €95,588
of which Leasing and similar rights: -€43,858
- Receivables within one year +€20,582
up €20,582 (+44.7%), from €46,063 to €66,645
of which Trade receivables: +€26,411
- Deferred charges and accrued income -€6,089
down €6,089 (-31.1%), from €19,573 to €13,485
- Other debts +€61,872
up €61,872 (+11045.5%), from €560 to €62,432
- Debts after one year -€55,089
down €55,089 (-59.8%), from €92,056 to €36,967
- Tax, wage and social debts +€26,792
up €26,792 (+280.5%), from €9,553 to €36,345
of which Taxes: +€26,774
- Current portion of long-term debt -€18,062
down €18,062 (-47.8%), from €37,816 to €19,754
- Gross operating margin +€53,786
up €53,786 (+55.1%), from €97,638 to €151,424
- Taxes +€18,050
up €18,050 (+386.4%), from €4,671 to €22,721
- Depreciation -€14,810
down €14,810 (-31.9%), from €46,401 to €31,591
- Staff costs -€12,784
down €12,784 (-95.1%), from €13,448 to €663
- Other operating charges -€2,066
down €2,066 (-66.7%), from €3,097 to €1,031
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 | €269,770 | €288,141 | +€18,371 | +6.8% |
| Fixed assets | 21/28 | €173,082 | €97,550 | -€75,532 | -43.6% |
| Intangible fixed assets | 21 | €2,677 | €1,963 | -€714 | -26.7% |
| Tangible fixed assets | 22/27 | €170,405 | €95,588 | -€74,818 | -43.9% |
| Plant, machinery and equipment | 23 | €2,822 | €4,404 | +€1,582 | +56.1% |
| Furniture and vehicles | 24 | €123,725 | €91,184 | -€32,541 | -26.3% |
| Leasing and similar rights | 25 | €43,858 | - | -€43,858 | |
| Current assets | 29/58 | €96,688 | €190,590 | +€93,902 | +97.1% |
| Amounts receivable within one year | 40/41 | €46,063 | €66,645 | +€20,582 | +44.7% |
| Trade receivables | 40 | €39,734 | €66,145 | +€26,411 | +66.5% |
| Other amounts receivable | 41 | €6,329 | €500 | -€5,829 | -92.1% |
| Cash at bank and in hand | 54/58 | €31,052 | €110,461 | +€79,409 | +255.7% |
| Deferred charges and accrued income | 490/1 | €19,573 | €13,485 | -€6,089 | -31.1% |
| Total equity and liabilities | 10/49 | €269,770 | €288,141 | +€18,371 | +6.8% |
| Equity | 10/15 | €118,012 | €118,012 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €115,012 | €115,012 | = | 0.0% |
| Distributable reserves | 133 | €115,012 | €115,012 | = | 0.0% |
| Amounts payable | 17/49 | €151,758 | €170,129 | +€18,371 | +12.1% |
| Amounts payable after more than one year | 17 | €92,056 | €36,967 | -€55,089 | -59.8% |
| Financial debts | 170/4 | €92,056 | €36,967 | -€55,089 | -59.8% |
| Amounts payable within one year | 42/48 | €59,702 | €132,359 | +€72,656 | +121.7% |
| Current portion of amounts payable after more than one year | 42 | €37,816 | €19,754 | -€18,062 | -47.8% |
| Trade debts | 44 | €11,773 | €13,828 | +€2,055 | +17.5% |
| Suppliers | 440/4 | €11,773 | €13,828 | +€2,055 | +17.5% |
| Taxes, remuneration and social security | 45 | €9,553 | €36,345 | +€26,792 | +280.5% |
| Taxes | 450/3 | €7,022 | €33,796 | +€26,774 | +381.3% |
| Remuneration and social security | 454/9 | €2,531 | €2,549 | +€18 | +0.7% |
| Other amounts payable | 47/48 | €560 | €62,432 | +€61,872 | +11045.5% |
| Accrued charges and deferred income | 492/3 | - | €803 | +€803 | |
| Remuneration, social security and pensions | 62 | €13,448 | €663 | -€12,784 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,401 | €31,591 | -€14,810 | -31.9% |
| Other operating charges | 640/8 | €3,097 | €1,031 | -€2,066 | -66.7% |
| Non-recurring operating charges | 66A | €12,083 | €20,116 | +€8,033 | +66.5% |
| Gross operating margin | 9900 | €97,638 | €151,424 | +€53,786 | +55.1% |
| Operating profit (loss) | 9901 | €22,609 | €98,022 | +€75,413 | +333.6% |
| Financial income | 75/76B | €70 | €73 | +€3 | +4.6% |
| Recurring financial income | 75 | €70 | €73 | +€3 | +4.6% |
| Financial charges | 65/66B | €6,195 | €5,613 | -€582 | -9.4% |
| Recurring financial charges | 65 | €6,195 | €5,613 | -€582 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €16,483 | €92,482 | +€75,999 | +461.1% |
| Income taxes | 67/77 | €4,671 | €22,721 | +€18,050 | +386.4% |
| Profit (loss) for the period | 9904 | €11,812 | €69,761 | +€57,949 | +490.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,812 | €69,761 | +€57,949 | +490.6% |
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 9 October 2026 via checked.be.