DCSM: 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.
DCSM
Largest movements
- Cash +€19,718
up €19,718 (+349.1%), from €5,648 to €25,365
mainly Other debts (+€14,072) and Net result for the year (+€7,671)
- Receivables within one year +€10,682
up €10,682 (+729.9%), from €1,463 to €12,146
of which Trade receivables: +€11,674
- Stocks and contracts -€6,133
down €6,133 (-57.6%), from €10,638 to €4,505
- Formation expenses -€3,200
down €3,200 (-11.4%), from €28,188 to €24,988
- Other debts +€14,072
up €14,072 (+45.9%), from €30,646 to €44,718
- Trade debts -€7,818
down €7,818 (-53.8%), from €14,542 to €6,724
- Profit (loss) carried forward +€7,671
up €7,671 (+408.7%), from €1,877 to €9,548
- Tax, wage and social debts +€6,879
up €6,879 (+195.4%), from €3,521 to €10,400
- Gross operating margin +€3,213
up €3,213 (+21.5%), from €14,957 to €18,170
- Financial charges +€2,567
up €2,567 (+3020.0%), from €85 to €2,652
- Taxes +€1,691
up €1,691 (+744.6%), from €227 to €1,918
- Other operating charges -€1,660
down €1,660 (-60.8%), from €2,729 to €1,070
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 | €50,586 | €71,390 | +€20,804 | +41.1% |
| Formation expenses | 20 | €28,188 | €24,988 | -€3,200 | -11.4% |
| Fixed assets | 21/28 | €4,649 | €4,385 | -€264 | -5.7% |
| Tangible fixed assets | 22/27 | €3,199 | €2,935 | -€264 | -8.2% |
| Plant, machinery and equipment | 23 | €3,199 | €2,935 | -€264 | -8.2% |
| Financial fixed assets | 28 | €1,450 | €1,450 | = | 0.0% |
| Current assets | 29/58 | €17,749 | €42,016 | +€24,267 | +136.7% |
| Stocks and contracts in progress | 3 | €10,638 | €4,505 | -€6,133 | -57.6% |
| Stocks | 30/36 | €10,638 | €4,505 | -€6,133 | -57.6% |
| Amounts receivable within one year | 40/41 | €1,463 | €12,146 | +€10,682 | +729.9% |
| Trade receivables | 40 | - | €11,674 | +€11,674 | |
| Other amounts receivable | 41 | €1,463 | €472 | -€992 | -67.8% |
| Cash at bank and in hand | 54/58 | €5,648 | €25,365 | +€19,718 | +349.1% |
| Total equity and liabilities | 10/49 | €50,586 | €71,390 | +€20,804 | +41.1% |
| Equity | 10/15 | €1,877 | €9,548 | +€7,671 | +408.7% |
| Profit (loss) carried forward | 14 | €1,877 | €9,548 | +€7,671 | +408.7% |
| Amounts payable | 17/49 | €48,709 | €61,842 | +€13,133 | +27.0% |
| Amounts payable within one year | 42/48 | €48,709 | €61,842 | +€13,133 | +27.0% |
| Trade debts | 44 | €14,542 | €6,724 | -€7,818 | -53.8% |
| Suppliers | 440/4 | €14,542 | €6,724 | -€7,818 | -53.8% |
| Taxes, remuneration and social security | 45 | €3,521 | €10,400 | +€6,879 | +195.4% |
| Taxes | 450/3 | €3,521 | €10,400 | +€6,879 | +195.4% |
| Other amounts payable | 47/48 | €30,646 | €44,718 | +€14,072 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,918 | €4,964 | +€45 | +0.9% |
| Other operating charges | 640/8 | €2,729 | €1,070 | -€1,660 | -60.8% |
| Gross operating margin | 9900 | €14,957 | €18,170 | +€3,213 | +21.5% |
| Operating profit (loss) | 9901 | €7,309 | €12,136 | +€4,827 | +66.0% |
| Financial income | 75/76B | €0 | €105 | +€105 | +523600.0% |
| Recurring financial income | 75 | €0 | €105 | +€105 | +523600.0% |
| Financial charges | 65/66B | €85 | €2,652 | +€2,567 | +3020.0% |
| Recurring financial charges | 65 | €85 | €2,652 | +€2,567 | +3020.0% |
| Profit (loss) for the period before taxes | 9903 | €7,224 | €9,589 | +€2,365 | +32.7% |
| Income taxes | 67/77 | €227 | €1,918 | +€1,691 | +744.6% |
| Profit (loss) for the period | 9904 | €6,997 | €7,671 | +€674 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,997 | €7,671 | +€674 | +9.6% |
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 1 October 2026 via checked.be.