DLS: 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.
DLS
Largest movements
- Tangible fixed assets -€101,770
down €101,770 (-32.5%), from €313,138 to €211,368
of which Leasing and similar rights: -€101,947
- Debts after one year -€105,858
down €105,858 (-64.5%), from €164,071 to €58,212
- Tax, wage and social debts +€46,243
up €46,243 (+13.2%), from €350,724 to €396,967
of which Remuneration and social security: +€27,730
- Short-term financial debts -€32,086
down €32,086 (-42.1%), from €76,203 to €44,117
- Profit (loss) carried forward +€15,787
up €15,787 (+4.9%), from -€322,369 to -€306,582
- Gross operating margin +€689,516
up €689,516 (+24.8%), from €2.8m to €3.5m
- Staff costs +€638,435
up €638,435 (+27.6%), from €2.3m to €3.0m
- Other operating charges +€49,567
up €49,567 (+19.6%), from €252,264 to €301,831
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,262,023 | €1,184,428 | -€77,595 | -6.1% |
| Fixed assets | 21/28 | €317,289 | €216,283 | -€101,006 | -31.8% |
| Tangible fixed assets | 22/27 | €313,138 | €211,368 | -€101,770 | -32.5% |
| Furniture and vehicles | 24 | €64,890 | €65,067 | +€177 | +0.3% |
| Leasing and similar rights | 25 | €248,248 | €146,301 | -€101,947 | -41.1% |
| Financial fixed assets | 28 | €4,151 | €4,915 | +€765 | +18.4% |
| Current assets | 29/58 | €944,734 | €968,146 | +€23,411 | +2.5% |
| Amounts receivable within one year | 40/41 | €911,893 | €922,695 | +€10,802 | +1.2% |
| Trade receivables | 40 | €893,372 | €917,126 | +€23,754 | +2.7% |
| Other amounts receivable | 41 | €18,521 | €5,569 | -€12,953 | -69.9% |
| Cash at bank and in hand | 54/58 | €9,503 | €10,077 | +€575 | +6.0% |
| Deferred charges and accrued income | 490/1 | €23,338 | €35,373 | +€12,035 | +51.6% |
| Total equity and liabilities | 10/49 | €1,262,023 | €1,184,428 | -€77,595 | -6.1% |
| Equity | 10/15 | €344,335 | €360,123 | +€15,787 | +4.6% |
| Contributions | 10/11 | €508,182 | €508,182 | = | 0.0% |
| Capital | 10 | €508,182 | €508,182 | = | 0.0% |
| Issued capital | 100 | €508,182 | €508,182 | = | 0.0% |
| Reserves | 13 | €158,523 | €158,523 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,818 | €50,818 | = | 0.0% |
| Legal reserve | 130 | €50,818 | €50,818 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,705 | €107,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€322,369 | -€306,582 | +€15,787 | +4.9% |
| Amounts payable | 17/49 | €917,688 | €824,306 | -€93,382 | -10.2% |
| Amounts payable after more than one year | 17 | €164,071 | €58,212 | -€105,858 | -64.5% |
| Financial debts | 170/4 | €164,071 | €58,212 | -€105,858 | -64.5% |
| Amounts payable within one year | 42/48 | €738,342 | €760,275 | +€21,932 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €81,692 | €85,024 | +€3,332 | +4.1% |
| Financial debts | 43 | €76,203 | €44,117 | -€32,086 | -42.1% |
| Credit institutions | 430/8 | €76,203 | €44,117 | -€32,086 | -42.1% |
| Trade debts | 44 | €229,644 | €234,088 | +€4,443 | +1.9% |
| Suppliers | 440/4 | €229,644 | €234,088 | +€4,443 | +1.9% |
| Taxes, remuneration and social security | 45 | €350,724 | €396,967 | +€46,243 | +13.2% |
| Taxes | 450/3 | €69,110 | €87,622 | +€18,513 | +26.8% |
| Remuneration and social security | 454/9 | €281,615 | €309,344 | +€27,730 | +9.8% |
| Other amounts payable | 47/48 | €80 | €80 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15,275 | €5,819 | -€9,456 | -61.9% |
| Non-recurring operating income | 76A | €12,448 | €0 | -€12,448 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,314,107 | €2,952,542 | +€638,435 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,407 | €153,956 | +€21,549 | +16.3% |
| Other operating charges | 640/8 | €252,264 | €301,831 | +€49,567 | +19.6% |
| Non-recurring operating charges | 66A | €476 | €11,881 | +€11,405 | +2395.8% |
| Gross operating margin | 9900 | €2,776,427 | €3,465,943 | +€689,516 | +24.8% |
| Operating profit (loss) | 9901 | €77,173 | €45,733 | -€31,440 | -40.7% |
| Financial income | 75/76B | €0 | €1,346 | +€1,346 | +13464200.0% |
| Recurring financial income | 75 | €0 | €1,346 | +€1,346 | +13464200.0% |
| Financial charges | 65/66B | €15,278 | €15,771 | +€493 | +3.2% |
| Recurring financial charges | 65 | €15,278 | €15,771 | +€493 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €61,895 | €31,308 | -€30,587 | -49.4% |
| Income taxes | 67/77 | €11,200 | €15,521 | +€4,320 | +38.6% |
| Profit (loss) for the period | 9904 | €50,695 | €15,787 | -€34,907 | -68.9% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €50,695 | €15,787 | -€34,907 | -68.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.