DCS 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.
DCS Invest
Largest movements
- Tangible fixed assets +€268,955
up €268,955 (+60.3%), from €446,234 to €715,189
of which Land and buildings: +€267,558
- Cash +€31,582
up €31,582 (+113%), from €27,982 to €59,563
mainly Debts after one year (+€232,134) and Other debts (+€82,402)
- Debts after one year +€232,134
up €232,134 (+63.5%), from €365,675 to €597,810
- Other debts +€82,402
up €82,402 (+195%), from €42,291 to €124,693
- Profit (loss) carried forward -€12,591
new in 2025: -€12,591
- Current portion of long-term debt +€9,861
up €9,861 (+56.6%), from €17,409 to €27,270
- Reserves -€8,428
no longer reported in 2025 (was €8,428)
- Depreciation +€40,225
up €40,225 (+284%), from €14,159 to €54,383
- Financial charges +€7,872
up €7,872 (+82.9%), from €9,497 to €17,369
- Other operating charges +€3,385
up €3,385 (+64.3%), from €5,265 to €8,650
- Taxes -€3,100
no longer reported in 2025 (was €3,100)
- Gross operating margin -€1,030
down €1,030 (-1.7%), from €60,361 to €59,331
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 | €474,903 | €776,324 | +€301,421 | +63.5% |
| Fixed assets | 21/28 | €446,234 | €715,189 | +€268,955 | +60.3% |
| Tangible fixed assets | 22/27 | €446,234 | €715,189 | +€268,955 | +60.3% |
| Land and buildings | 22 | €440,032 | €707,590 | +€267,558 | +60.8% |
| Plant, machinery and equipment | 23 | €2,119 | €1,614 | -€506 | -23.9% |
| Furniture and vehicles | 24 | €5 | - | -€5 | |
| Other tangible fixed assets | 26 | €4,078 | €5,986 | +€1,908 | +46.8% |
| Current assets | 29/58 | €28,669 | €61,134 | +€32,465 | +113% |
| Cash at bank and in hand | 54/58 | €27,982 | €59,563 | +€31,582 | +113% |
| Deferred charges and accrued income | 490/1 | €687 | €1,571 | +€883 | +129% |
| Total equity and liabilities | 10/49 | €474,903 | €776,324 | +€301,421 | +63.5% |
| Equity | 10/15 | €46,428 | €25,409 | -€21,018 | -45.3% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Contributions outside capital | 11 | €38,000 | €38,000 | = | 0.0% |
| Other | 1109/19 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €8,428 | - | -€8,428 | |
| Distributable reserves | 133 | €8,428 | - | -€8,428 | |
| Profit (loss) carried forward | 14 | - | -€12,591 | -€12,591 | |
| Amounts payable | 17/49 | €428,475 | €750,914 | +€322,439 | +75.3% |
| Amounts payable after more than one year | 17 | €365,675 | €597,810 | +€232,134 | +63.5% |
| Financial debts | 170/4 | €365,675 | €597,810 | +€232,134 | +63.5% |
| Amounts payable within one year | 42/48 | €62,800 | €153,105 | +€90,304 | +144% |
| Current portion of amounts payable after more than one year | 42 | €17,409 | €27,270 | +€9,861 | +56.6% |
| Trade debts | 44 | - | €1,142 | +€1,142 | |
| Suppliers | 440/4 | - | €1,142 | +€1,142 | |
| Taxes, remuneration and social security | 45 | €3,100 | - | -€3,100 | |
| Taxes | 450/3 | €3,100 | - | -€3,100 | |
| Other amounts payable | 47/48 | €42,291 | €124,693 | +€82,402 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,159 | €54,383 | +€40,225 | +284% |
| Other operating charges | 640/8 | €5,265 | €8,650 | +€3,385 | +64.3% |
| Gross operating margin | 9900 | €60,361 | €59,331 | -€1,030 | -1.7% |
| Operating profit (loss) | 9901 | €40,938 | -€3,702 | -€44,640 | |
| Financial income | 75/76B | €52 | €53 | +€1 | +2.0% |
| Recurring financial income | 75 | €52 | €53 | +€1 | +2.0% |
| Financial charges | 65/66B | €9,497 | €17,369 | +€7,872 | +82.9% |
| Recurring financial charges | 65 | €9,497 | €17,369 | +€7,872 | +82.9% |
| Profit (loss) for the period before taxes | 9903 | €31,493 | -€21,018 | -€52,511 | |
| Income taxes | 67/77 | €3,100 | - | -€3,100 | |
| Profit (loss) for the period | 9904 | €28,393 | -€21,018 | -€49,412 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,393 | -€21,018 | -€49,412 |
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.