DBSZ: 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.
DBSZ
Largest movements
- Tangible fixed assets +€38,086
up €38,086 (+9.1%), from €419,657 to €457,743
of which Land and buildings: +€40,898
- Cash +€36,965
up €36,965 (+48.3%), from €76,532 to €113,497
mainly Trade debts (+€102,014) and Depreciation (+€26,392)
- Receivables within one year +€27,227
up €27,227 (+23.9%), from €113,832 to €141,059
of which Other amounts receivable: +€18,637
- Trade debts +€102,014
up €102,014 (+418.1%), from €24,401 to €126,415
- Reserves +€18,051
up €18,051 (+17.9%), from €100,719 to €118,770
- Debts after one year -€15,883
down €15,883 (-4.3%), from €372,074 to €356,191
- Other debts -€10,950
down €10,950 (-92.3%), from €11,860 to €910
- Gross operating margin -€131,391
down €131,391 (-20.5%), from €641,646 to €510,255
- Staff costs -€128,910
down €128,910 (-22.9%), from €562,646 to €433,737
- Depreciation -€15,366
down €15,366 (-36.8%), from €41,758 to €26,392
- Financial charges +€8,151
up €8,151 (+96.8%), from €8,418 to €16,569
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 | €614,529 | €714,569 | +€100,040 | +16.3% |
| Fixed assets | 21/28 | €420,857 | €458,943 | +€38,086 | +9.0% |
| Tangible fixed assets | 22/27 | €419,657 | €457,743 | +€38,086 | +9.1% |
| Land and buildings | 22 | €414,501 | €455,399 | +€40,898 | +9.9% |
| Furniture and vehicles | 24 | €1,173 | €294 | -€879 | -74.9% |
| Leasing and similar rights | 25 | €3,983 | €2,050 | -€1,933 | -48.5% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €193,672 | €255,626 | +€61,954 | +32.0% |
| Amounts receivable within one year | 40/41 | €113,832 | €141,059 | +€27,227 | +23.9% |
| Trade receivables | 40 | €84,880 | €93,470 | +€8,590 | +10.1% |
| Other amounts receivable | 41 | €28,952 | €47,589 | +€18,637 | +64.4% |
| Cash at bank and in hand | 54/58 | €76,532 | €113,497 | +€36,965 | +48.3% |
| Deferred charges and accrued income | 490/1 | €3,309 | €1,070 | -€2,239 | -67.7% |
| Total equity and liabilities | 10/49 | €614,529 | €714,569 | +€100,040 | +16.3% |
| Equity | 10/15 | €140,719 | €158,770 | +€18,051 | +12.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €100,719 | €118,770 | +€18,051 | +17.9% |
| Distributable reserves | 133 | €100,719 | €118,770 | +€18,051 | +17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €473,809 | €555,798 | +€81,989 | +17.3% |
| Amounts payable after more than one year | 17 | €372,074 | €356,191 | -€15,883 | -4.3% |
| Financial debts | 170/4 | €372,074 | €356,191 | -€15,883 | -4.3% |
| Amounts payable within one year | 42/48 | €101,735 | €199,608 | +€97,872 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €14,993 | €15,883 | +€891 | +5.9% |
| Trade debts | 44 | €24,401 | €126,415 | +€102,014 | +418.1% |
| Suppliers | 440/4 | €24,401 | €126,415 | +€102,014 | +418.1% |
| Taxes, remuneration and social security | 45 | €50,482 | €56,398 | +€5,917 | +11.7% |
| Taxes | 450/3 | €8,667 | €0 | -€8,667 | -100.0% |
| Remuneration and social security | 454/9 | €41,815 | €56,398 | +€14,583 | +34.9% |
| Other amounts payable | 47/48 | €11,860 | €910 | -€10,950 | -92.3% |
| Non-recurring operating income | 76A | €37,545 | €0 | -€37,545 | -100.0% |
| Remuneration, social security and pensions | 62 | €562,646 | €433,737 | -€128,910 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,758 | €26,392 | -€15,366 | -36.8% |
| Other operating charges | 640/8 | €4,539 | €2,023 | -€2,516 | -55.4% |
| Non-recurring operating charges | 66A | €538 | €0 | -€538 | -100.0% |
| Gross operating margin | 9900 | €641,646 | €510,255 | -€131,391 | -20.5% |
| Operating profit (loss) | 9901 | €32,165 | €48,104 | +€15,938 | +49.6% |
| Financial income | 75/76B | €0 | €16 | +€16 | |
| Recurring financial income | 75 | €0 | €16 | +€16 | |
| Financial charges | 65/66B | €8,418 | €16,569 | +€8,151 | +96.8% |
| Recurring financial charges | 65 | €8,418 | €16,569 | +€8,151 | +96.8% |
| Profit (loss) for the period before taxes | 9903 | €23,747 | €31,550 | +€7,803 | +32.9% |
| Income taxes | 67/77 | €7,823 | €12,589 | +€4,766 | +60.9% |
| Profit (loss) for the period | 9904 | €15,924 | €18,961 | +€3,037 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,924 | €18,961 | +€3,037 | +19.1% |
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 11 October 2026 via checked.be.