DJSI: 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.
DJSI
Largest movements
- Receivables after one year +€70,000
up €70,000 (+50.0%), from €140,000 to €210,000
- Receivables within one year -€28,633
down €28,633 (-68.4%), from €41,868 to €13,235
of which Other amounts receivable: -€32,288
- Tangible fixed assets -€5,841
down €5,841 (-51.2%), from €11,399 to €5,558
of which Leasing and similar rights: -€4,670
- Financial fixed assets -€4,500
down €4,500 (-98.9%), from €4,551 to €51
- Other debts +€28,880
new in 2025: €28,880
- Reserves +€21,400
up €21,400 (+26.3%), from €81,308 to €102,708
- Current portion of long-term debt -€11,706
down €11,706 (-65.0%), from €18,005 to €6,299
- Debts after one year -€8,289
down €8,289 (-86.5%), from €9,583 to €1,293
- Gross operating margin -€5,571
down €5,571 (-12.0%), from €46,548 to €40,977
- Taxes -€1,618
down €1,618 (-11.6%), from €13,929 to €12,311
- Financial income +€980
up €980 (+18.3%), from €5,345 to €6,326
- Depreciation -€534
down €534 (-8.4%), from €6,375 to €5,841
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 | €201,826 | €232,761 | +€30,935 | +15.3% |
| Fixed assets | 21/28 | €15,950 | €5,609 | -€10,341 | -64.8% |
| Tangible fixed assets | 22/27 | €11,399 | €5,558 | -€5,841 | -51.2% |
| Land and buildings | 22 | €4,250 | €3,896 | -€354 | -8.3% |
| Plant, machinery and equipment | 23 | €1,435 | €1,076 | -€359 | -25.0% |
| Furniture and vehicles | 24 | €508 | €50 | -€458 | -90.2% |
| Leasing and similar rights | 25 | €5,206 | €536 | -€4,670 | -89.7% |
| Financial fixed assets | 28 | €4,551 | €51 | -€4,500 | -98.9% |
| Current assets | 29/58 | €185,876 | €227,152 | +€41,276 | +22.2% |
| Amounts receivable after more than one year | 29 | €140,000 | €210,000 | +€70,000 | +50.0% |
| Trade receivables | 290 | €140,000 | €210,000 | +€70,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €41,868 | €13,235 | -€28,633 | -68.4% |
| Trade receivables | 40 | €3,380 | €7,035 | +€3,655 | +108.2% |
| Other amounts receivable | 41 | €38,488 | €6,200 | -€32,288 | -83.9% |
| Cash at bank and in hand | 54/58 | €3,537 | €3,455 | -€83 | -2.3% |
| Deferred charges and accrued income | 490/1 | €471 | €463 | -€9 | -1.8% |
| Total equity and liabilities | 10/49 | €201,826 | €232,761 | +€30,935 | +15.3% |
| Equity | 10/15 | €147,600 | €169,010 | +€21,410 | +14.5% |
| Contributions | 10/11 | €59,123 | €59,123 | = | 0.0% |
| Reserves | 13 | €81,308 | €102,708 | +€21,400 | +26.3% |
| Distributable reserves | 133 | €81,308 | €102,708 | +€21,400 | +26.3% |
| Profit (loss) carried forward | 14 | €7,169 | €7,179 | +€10 | +0.1% |
| Amounts payable | 17/49 | €54,226 | €63,751 | +€9,525 | +17.6% |
| Amounts payable after more than one year | 17 | €9,583 | €1,293 | -€8,289 | -86.5% |
| Financial debts | 170/4 | €9,583 | €1,293 | -€8,289 | -86.5% |
| Amounts payable within one year | 42/48 | €44,643 | €62,458 | +€17,814 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €18,005 | €6,299 | -€11,706 | -65.0% |
| Financial debts | 43 | €7,908 | €10,007 | +€2,099 | +26.5% |
| Credit institutions | 430/8 | €7,908 | €10,007 | +€2,099 | +26.5% |
| Trade debts | 44 | €3,321 | €2,276 | -€1,045 | -31.5% |
| Suppliers | 440/4 | €3,321 | €2,276 | -€1,045 | -31.5% |
| Taxes, remuneration and social security | 45 | €15,409 | €14,995 | -€414 | -2.7% |
| Taxes | 450/3 | €15,409 | €14,995 | -€414 | -2.7% |
| Other amounts payable | 47/48 | - | €28,880 | +€28,880 | |
| Non-recurring operating income | 76A | €57 | - | -€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,375 | €5,841 | -€534 | -8.4% |
| Other operating charges | 640/8 | €3,330 | €3,037 | -€294 | -8.8% |
| Non-recurring operating charges | 66A | - | €554 | +€554 | |
| Gross operating margin | 9900 | €46,548 | €40,977 | -€5,571 | -12.0% |
| Operating profit (loss) | 9901 | €36,843 | €31,546 | -€5,297 | -14.4% |
| Financial income | 75/76B | €5,345 | €6,326 | +€980 | +18.3% |
| Recurring financial income | 75 | €5,345 | €6,326 | +€980 | +18.3% |
| Financial charges | 65/66B | €3,800 | €4,150 | +€351 | +9.2% |
| Recurring financial charges | 65 | €3,800 | €4,150 | +€351 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €38,388 | €33,721 | -€4,667 | -12.2% |
| Income taxes | 67/77 | €13,929 | €12,311 | -€1,618 | -11.6% |
| Profit (loss) for the period | 9904 | €24,459 | €21,410 | -€3,050 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,459 | €21,410 | -€3,050 | -12.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.