DBS INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€494,803
down €494,803 (-49.7%), from €995,883 to €501,080
of which Land and buildings: -€495,219
- Debts after one year -€500,000
no longer reported in 2025 (was €500,000)
- Profit (loss) carried forward +€60,533
up €60,533 (+17.7%), from -€341,677 to -€281,144
- Other debts -€34,860
down €34,860 (-4.4%), from €786,258 to €751,398
- Tax, wage and social debts -€10,223
no longer reported in 2025 (was €10,223)
- Gross operating margin +€101,740
up €101,740 (+400%), from €25,430 to €127,170
- Depreciation -€33,625
down €33,625 (-44.4%), from €75,811 to €42,186
- Financial charges -€28,743
down €28,743 (-56.9%), from €50,549 to €21,806
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 | €1,010,544 | €517,511 | -€493,033 | -48.8% |
| Fixed assets | 21/28 | €995,883 | €501,080 | -€494,803 | -49.7% |
| Tangible fixed assets | 22/27 | €995,883 | €501,080 | -€494,803 | -49.7% |
| Land and buildings | 22 | €995,830 | €500,610 | -€495,219 | -49.7% |
| Furniture and vehicles | 24 | €53 | €470 | +€416 | +779% |
| Current assets | 29/58 | €14,661 | €16,431 | +€1,770 | +12.1% |
| Amounts receivable within one year | 40/41 | €395 | €543 | +€148 | +37.4% |
| Other amounts receivable | 41 | €395 | €543 | +€148 | +37.4% |
| Cash at bank and in hand | 54/58 | €14,266 | €15,888 | +€1,622 | +11.4% |
| Total equity and liabilities | 10/49 | €1,010,544 | €517,511 | -€493,033 | -48.8% |
| Equity | 10/15 | -€323,077 | -€262,544 | +€60,533 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€341,677 | -€281,144 | +€60,533 | +17.7% |
| Amounts payable | 17/49 | €1,333,621 | €780,055 | -€553,566 | -41.5% |
| Amounts payable after more than one year | 17 | €500,000 | - | -€500,000 | |
| Financial debts | 170/4 | €500,000 | - | -€500,000 | |
| Amounts payable within one year | 42/48 | €833,621 | €780,055 | -€53,566 | -6.4% |
| Trade debts | 44 | €37,140 | €28,657 | -€8,483 | -22.8% |
| Suppliers | 440/4 | €37,140 | €28,657 | -€8,483 | -22.8% |
| Taxes, remuneration and social security | 45 | €10,223 | - | -€10,223 | |
| Taxes | 450/3 | €10,223 | - | -€10,223 | |
| Other amounts payable | 47/48 | €786,258 | €751,398 | -€34,860 | -4.4% |
| Non-recurring operating income | 76A | - | €113,555 | +€113,555 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,811 | €42,186 | -€33,625 | -44.4% |
| Other operating charges | 640/8 | €1,871 | €2,806 | +€935 | +50.0% |
| Gross operating margin | 9900 | €25,430 | €127,170 | +€101,740 | +400% |
| Operating profit (loss) | 9901 | -€52,252 | €82,178 | +€134,430 | |
| Financial income | 75/76B | - | €161 | +€161 | |
| Recurring financial income | 75 | - | €161 | +€161 | |
| Financial charges | 65/66B | €50,549 | €21,806 | -€28,743 | -56.9% |
| Recurring financial charges | 65 | €50,549 | €21,806 | -€28,743 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€102,801 | €60,533 | +€163,334 | |
| Profit (loss) for the period | 9904 | -€102,801 | €60,533 | +€163,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€102,801 | €60,533 | +€163,334 |
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 29 October 2026 via checked.be.