DISLES: 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.
DISLES
Largest movements
- Tangible fixed assets +€210,981
up €210,981 (+36.8%), from €573,351 to €784,332
of which Other tangible fixed assets: +€135,104
- Cash -€135,947
no longer reported in 2025 (was €135,947)
mainly Investment in fixed assets (net) (-€275,431) and Current investments (-€73,463)
- Current investments +€73,463
new in 2025: €73,463
- Receivables within one year -€30,100
down €30,100 (-84.9%), from €35,464 to €5,364
of which Trade receivables: -€18,875
- Stocks and contracts +€23,768
up €23,768 (+14.6%), from €162,975 to €186,743
- Debts after one year +€133,204
new in 2025: €133,204
- Trade debts -€66,681
down €66,681 (-39.1%), from €170,465 to €103,784
- Reserves +€47,000
up €47,000 (+7.1%), from €663,689 to €710,689
of which Distributable reserves: +€47,000
- Other debts +€19,659
up €19,659 (+61.7%), from €31,865 to €51,524
- Gross operating margin +€57,949
up €57,949 (+24.7%), from €234,708 to €292,657
- Other operating charges -€47,082
down €47,082 (-86.4%), from €54,507 to €7,425
- Taxes +€21,712
up €21,712 (+269.2%), from €8,064 to €29,776
- Depreciation +€16,329
up €16,329 (+33.9%), from €48,121 to €64,450
- Staff costs +€16,033
up €16,033 (+16.4%), from €97,825 to €113,858
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 | €917,772 | €1,059,714 | +€141,942 | +15.5% |
| Fixed assets | 21/28 | €577,704 | €788,685 | +€210,981 | +36.5% |
| Tangible fixed assets | 22/27 | €573,351 | €784,332 | +€210,981 | +36.8% |
| Land and buildings | 22 | €408,547 | €487,884 | +€79,337 | +19.4% |
| Plant, machinery and equipment | 23 | €63,457 | €57,546 | -€5,911 | -9.3% |
| Furniture and vehicles | 24 | €50,645 | €52,091 | +€1,446 | +2.9% |
| Leasing and similar rights | 25 | - | €1,005 | +€1,005 | |
| Other tangible fixed assets | 26 | €50,702 | €185,806 | +€135,104 | +266.5% |
| Financial fixed assets | 28 | €4,353 | €4,353 | = | 0.0% |
| Current assets | 29/58 | €340,068 | €271,029 | -€69,039 | -20.3% |
| Stocks and contracts in progress | 3 | €162,975 | €186,743 | +€23,768 | +14.6% |
| Stocks | 30/36 | €162,975 | €186,743 | +€23,768 | +14.6% |
| Amounts receivable within one year | 40/41 | €35,464 | €5,364 | -€30,100 | -84.9% |
| Trade receivables | 40 | €22,028 | €3,153 | -€18,875 | -85.7% |
| Other amounts receivable | 41 | €13,436 | €2,211 | -€11,225 | -83.5% |
| Current investments | 50/53 | - | €73,463 | +€73,463 | |
| Cash at bank and in hand | 54/58 | €135,947 | - | -€135,947 | |
| Deferred charges and accrued income | 490/1 | €5,682 | €5,459 | -€223 | -3.9% |
| Total equity and liabilities | 10/49 | €917,772 | €1,059,714 | +€141,942 | +15.5% |
| Equity | 10/15 | €678,999 | €727,953 | +€48,954 | +7.2% |
| Contributions | 10/11 | €12,605 | €12,605 | = | 0.0% |
| Reserves | 13 | €663,689 | €710,689 | +€47,000 | +7.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €661,189 | €708,189 | +€47,000 | +7.1% |
| Profit (loss) carried forward | 14 | €2,705 | €4,659 | +€1,954 | +72.2% |
| Amounts payable | 17/49 | €238,773 | €331,761 | +€92,988 | +38.9% |
| Amounts payable after more than one year | 17 | - | €133,204 | +€133,204 | |
| Financial debts | 170/4 | - | €133,204 | +€133,204 | |
| Amounts payable within one year | 42/48 | €238,773 | €196,275 | -€42,498 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €1,333 | €1,333 | = | 0.0% |
| Trade debts | 44 | €170,465 | €103,784 | -€66,681 | -39.1% |
| Suppliers | 440/4 | €170,465 | €103,784 | -€66,681 | -39.1% |
| Taxes, remuneration and social security | 45 | €35,110 | €39,634 | +€4,524 | +12.9% |
| Taxes | 450/3 | €19,214 | €18,277 | -€937 | -4.9% |
| Remuneration and social security | 454/9 | €15,896 | €21,357 | +€5,461 | +34.4% |
| Other amounts payable | 47/48 | €31,865 | €51,524 | +€19,659 | +61.7% |
| Accrued charges and deferred income | 492/3 | - | €2,282 | +€2,282 | |
| Non-recurring operating income | 76A | €1,150 | - | -€1,150 | |
| Remuneration, social security and pensions | 62 | €97,825 | €113,858 | +€16,033 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,121 | €64,450 | +€16,329 | +33.9% |
| Other operating charges | 640/8 | €54,507 | €7,425 | -€47,082 | -86.4% |
| Non-recurring operating charges | 66A | - | €1,414 | +€1,414 | |
| Gross operating margin | 9900 | €234,708 | €292,657 | +€57,949 | +24.7% |
| Operating profit (loss) | 9901 | €34,255 | €105,510 | +€71,255 | +208.0% |
| Financial income | 75/76B | €709 | €1,707 | +€998 | +140.8% |
| Recurring financial income | 75 | €709 | €1,707 | +€998 | +140.8% |
| Financial charges | 65/66B | €1,895 | €12,687 | +€10,792 | +569.5% |
| Recurring financial charges | 65 | €1,895 | €12,687 | +€10,792 | +569.5% |
| Profit (loss) for the period before taxes | 9903 | €33,069 | €94,530 | +€61,461 | +185.9% |
| Income taxes | 67/77 | €8,064 | €29,776 | +€21,712 | +269.2% |
| Profit (loss) for the period | 9904 | €25,005 | €64,754 | +€39,749 | +159.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,005 | €64,754 | +€39,749 | +159.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.