DBSP: 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.
DBSP
Largest movements
- Receivables within one year -€110,304
down €110,304 (-26.7%), from €413,145 to €302,841
of which Trade receivables: -€193,923
- Stocks and contracts +€33,734
up €33,734 (+30.7%), from €109,766 to €143,500
- Cash +€25,168
up €25,168 (+19.0%), from €132,728 to €157,896
mainly Receivables within one year (+€110,304) and Depreciation (+€26,001)
- Tangible fixed assets -€14,859
down €14,859 (-27.2%), from €54,710 to €39,851
- Tax, wage and social debts -€37,944
down €37,944 (-60.8%), from €62,459 to €24,515
of which Taxes: -€34,581
- Debts after one year -€21,565
no longer reported in 2025 (was €21,565)
- Trade debts -€9,237
down €9,237 (-10.2%), from €90,530 to €81,293
- Gross operating margin -€68,966
down €68,966 (-43.5%), from €158,381 to €89,415
- Taxes -€17,283
down €17,283 (-62.2%), from €27,792 to €10,509
- Depreciation +€4,952
up €4,952 (+23.5%), from €21,049 to €26,001
- Financial charges -€4,753
down €4,753 (-59.8%), from €7,952 to €3,199
- Staff costs -€4,008
down €4,008 (-8.3%), from €48,306 to €44,298
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 | €710,606 | €647,337 | -€63,269 | -8.9% |
| Fixed assets | 21/28 | €54,710 | €39,851 | -€14,859 | -27.2% |
| Tangible fixed assets | 22/27 | €54,710 | €39,851 | -€14,859 | -27.2% |
| Plant, machinery and equipment | 23 | €54,710 | €39,851 | -€14,859 | -27.2% |
| Current assets | 29/58 | €655,896 | €607,486 | -€48,410 | -7.4% |
| Stocks and contracts in progress | 3 | €109,766 | €143,500 | +€33,734 | +30.7% |
| Stocks | 30/36 | €109,766 | €143,500 | +€33,734 | +30.7% |
| Amounts receivable within one year | 40/41 | €413,145 | €302,841 | -€110,304 | -26.7% |
| Trade receivables | 40 | €370,504 | €176,581 | -€193,923 | -52.3% |
| Other amounts receivable | 41 | €42,641 | €126,260 | +€83,619 | +196.1% |
| Cash at bank and in hand | 54/58 | €132,728 | €157,896 | +€25,168 | +19.0% |
| Deferred charges and accrued income | 490/1 | €257 | €3,249 | +€2,992 | +1164.2% |
| Total equity and liabilities | 10/49 | €710,606 | €647,337 | -€63,269 | -8.9% |
| Equity | 10/15 | €536,052 | €541,529 | +€5,477 | +1.0% |
| Contributions | 10/11 | €24,001 | €24,001 | = | 0.0% |
| Capital | 10 | €24,001 | €24,001 | = | 0.0% |
| Issued capital | 100 | €24,001 | €24,001 | = | 0.0% |
| Reserves | 13 | €512,051 | €517,528 | +€5,477 | +1.1% |
| Distributable reserves | 133 | €512,051 | €517,528 | +€5,477 | +1.1% |
| Amounts payable | 17/49 | €174,554 | €105,808 | -€68,746 | -39.4% |
| Amounts payable after more than one year | 17 | €21,565 | - | -€21,565 | |
| Other amounts payable | 178/9 | €21,565 | - | -€21,565 | |
| Amounts payable within one year | 42/48 | €152,989 | €105,808 | -€47,181 | -30.8% |
| Trade debts | 44 | €90,530 | €81,293 | -€9,237 | -10.2% |
| Suppliers | 440/4 | €90,530 | €81,293 | -€9,237 | -10.2% |
| Taxes, remuneration and social security | 45 | €62,459 | €24,515 | -€37,944 | -60.8% |
| Taxes | 450/3 | €53,317 | €18,736 | -€34,581 | -64.9% |
| Remuneration and social security | 454/9 | €9,142 | €5,779 | -€3,363 | -36.8% |
| Remuneration, social security and pensions | 62 | €48,306 | €44,298 | -€4,008 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,049 | €26,001 | +€4,952 | +23.5% |
| Other operating charges | 640/8 | €585 | €675 | +€90 | +15.4% |
| Gross operating margin | 9900 | €158,381 | €89,415 | -€68,966 | -43.5% |
| Operating profit (loss) | 9901 | €88,441 | €18,441 | -€70,000 | -79.1% |
| Financial income | 75/76B | €175 | €745 | +€570 | +325.7% |
| Recurring financial income | 75 | €175 | €42 | -€133 | -76.0% |
| Non-recurring financial income | 76B | - | €703 | +€703 | |
| Financial charges | 65/66B | €7,952 | €3,199 | -€4,753 | -59.8% |
| Recurring financial charges | 65 | €7,952 | €3,199 | -€4,753 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €80,664 | €15,987 | -€64,677 | -80.2% |
| Income taxes | 67/77 | €27,792 | €10,509 | -€17,283 | -62.2% |
| Profit (loss) for the period | 9904 | €52,872 | €5,478 | -€47,394 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,872 | €5,478 | -€47,394 | -89.6% |
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 30 September 2026 via checked.be.