DBS TACTICAL: 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 TACTICAL
Largest movements
- Tangible fixed assets -€25,183
down €25,183 (-36.2%), from €69,484 to €44,302
of which Furniture and vehicles: -€16,667
- Receivables within one year -€11,115
down €11,115 (-42.6%), from €26,108 to €14,993
of which Other amounts receivable: -€8,195
- Cash +€8,258
up €8,258 (+275.1%), from €3,002 to €11,260
mainly Depreciation (+€25,183) and Receivables within one year (+€11,115)
- Stocks and contracts +€5,150
up €5,150 (+9.0%), from €57,514 to €62,664
- Other debts -€10,726
down €10,726 (-16.7%), from €64,316 to €53,590
- Tax, wage and social debts -€8,156
down €8,156 (-26.1%), from €31,276 to €23,120
of which Taxes: -€8,156
- Profit (loss) carried forward -€4,367
new in 2025: -€4,367
- Depreciation +€17,304
up €17,304 (+219.6%), from €7,879 to €25,183
- Gross operating margin +€14,538
up €14,538 (+129.4%), from €11,238 to €25,776
- Other operating charges +€2,052
up €2,052 (+319.7%), from €642 to €2,693
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 | €156,108 | €133,218 | -€22,890 | -14.7% |
| Fixed assets | 21/28 | €69,484 | €44,302 | -€25,183 | -36.2% |
| Tangible fixed assets | 22/27 | €69,484 | €44,302 | -€25,183 | -36.2% |
| Plant, machinery and equipment | 23 | €19,484 | €10,968 | -€8,516 | -43.7% |
| Furniture and vehicles | 24 | €50,000 | €33,333 | -€16,667 | -33.3% |
| Current assets | 29/58 | €86,624 | €88,916 | +€2,292 | +2.6% |
| Stocks and contracts in progress | 3 | €57,514 | €62,664 | +€5,150 | +9.0% |
| Stocks | 30/36 | €57,514 | €62,664 | +€5,150 | +9.0% |
| Amounts receivable within one year | 40/41 | €26,108 | €14,993 | -€11,115 | -42.6% |
| Trade receivables | 40 | €13,935 | €11,015 | -€2,921 | -21.0% |
| Other amounts receivable | 41 | €12,173 | €3,978 | -€8,195 | -67.3% |
| Cash at bank and in hand | 54/58 | €3,002 | €11,260 | +€8,258 | +275.1% |
| Total equity and liabilities | 10/49 | €156,108 | €133,218 | -€22,890 | -14.7% |
| Equity | 10/15 | €32,669 | €28,301 | -€4,367 | -13.4% |
| Contributions | 10/11 | €6,750 | €6,750 | = | 0.0% |
| Reserves | 13 | €25,919 | €25,919 | = | 0.0% |
| Distributable reserves | 133 | €25,919 | €25,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,367 | -€4,367 | |
| Amounts payable | 17/49 | €123,440 | €104,917 | -€18,523 | -15.0% |
| Amounts payable within one year | 42/48 | €123,440 | €104,917 | -€18,523 | -15.0% |
| Trade debts | 44 | €3,187 | €3,545 | +€359 | +11.3% |
| Suppliers | 440/4 | €3,187 | €3,545 | +€359 | +11.3% |
| Advances received on contracts in progress | 46 | €24,662 | €24,662 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €31,276 | €23,120 | -€8,156 | -26.1% |
| Taxes | 450/3 | €31,038 | €22,881 | -€8,156 | -26.3% |
| Remuneration and social security | 454/9 | €238 | €238 | = | 0.0% |
| Other amounts payable | 47/48 | €64,316 | €53,590 | -€10,726 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,879 | €25,183 | +€17,304 | +219.6% |
| Other operating charges | 640/8 | €642 | €2,693 | +€2,052 | +319.7% |
| Gross operating margin | 9900 | €11,238 | €25,776 | +€14,538 | +129.4% |
| Operating profit (loss) | 9901 | €2,718 | -€2,099 | -€4,817 | |
| Financial income | 75/76B | €213 | €37 | -€176 | -82.5% |
| Recurring financial income | 75 | €213 | €37 | -€176 | -82.5% |
| Financial charges | 65/66B | €298 | €298 | +€1 | +0.3% |
| Recurring financial charges | 65 | €298 | €298 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €2,633 | -€2,360 | -€4,994 | |
| Income taxes | 67/77 | €1,955 | €2,007 | +€52 | +2.6% |
| Profit (loss) for the period | 9904 | €678 | -€4,367 | -€5,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €678 | -€4,367 | -€5,046 |
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.