DLS EXPERTISE: 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.
DLS EXPERTISE
Largest movements
- Receivables within one year +€142,964
up €142,964 (+67.3%), from €212,336 to €355,300
of which Trade receivables: +€188,865
- Cash +€10,302
up €10,302 (+5.5%), from €187,672 to €197,974
mainly Trade debts (+€116,606) and Tax, wage and social debts (+€34,937)
- Trade debts +€116,606
up €116,606 (+30.6%), from €381,180 to €497,786
- Tax, wage and social debts +€34,937
up €34,937 (+5644.6%), from €619 to €35,556
- Purchases and services -€946,904
no longer reported in 2025 (was €946,904)
- Gross operating margin -€5,530
down €5,530 (-62.0%), from €8,921 to €3,391
- Taxes -€1,596
down €1,596 (-64.2%), from €2,485 to €889
- Financial charges +€172
up €172 (+68.8%), from €251 to €423
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 | €408,016 | €560,830 | +€152,814 | +37.5% |
| Fixed assets | 21/28 | €2,137 | €1,549 | -€588 | -27.5% |
| Tangible fixed assets | 22/27 | €2,137 | €1,549 | -€588 | -27.5% |
| Plant, machinery and equipment | 23 | €2,137 | €1,549 | -€588 | -27.5% |
| Current assets | 29/58 | €405,879 | €559,281 | +€153,402 | +37.8% |
| Amounts receivable within one year | 40/41 | €212,336 | €355,300 | +€142,964 | +67.3% |
| Trade receivables | 40 | €165,733 | €354,598 | +€188,865 | +114.0% |
| Other amounts receivable | 41 | €46,603 | €702 | -€45,901 | -98.5% |
| Cash at bank and in hand | 54/58 | €187,672 | €197,974 | +€10,302 | +5.5% |
| Deferred charges and accrued income | 490/1 | €5,872 | €6,007 | +€136 | +2.3% |
| Total equity and liabilities | 10/49 | €408,016 | €560,830 | +€152,814 | +37.5% |
| Equity | 10/15 | €26,194 | €27,488 | +€1,294 | +4.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €15,700 | €16,700 | +€1,000 | +6.4% |
| Distributable reserves | 133 | €15,700 | €16,700 | +€1,000 | +6.4% |
| Profit (loss) carried forward | 14 | €494 | €788 | +€294 | +59.6% |
| Amounts payable | 17/49 | €381,822 | €533,342 | +€151,520 | +39.7% |
| Amounts payable within one year | 42/48 | €381,799 | €533,342 | +€151,543 | +39.7% |
| Trade debts | 44 | €381,180 | €497,786 | +€116,606 | +30.6% |
| Suppliers | 440/4 | €381,180 | €497,786 | +€116,606 | +30.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €619 | €35,556 | +€34,937 | +5644.6% |
| Taxes | 450/3 | €619 | €35,556 | +€34,937 | +5644.6% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €946,904 | - | -€946,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €588 | €588 | = | 0.0% |
| Other operating charges | 640/8 | €220 | €220 | = | 0.0% |
| Gross operating margin | 9900 | €8,921 | €3,391 | -€5,530 | -62.0% |
| Operating profit (loss) | 9901 | €8,114 | €2,583 | -€5,530 | -68.2% |
| Financial income | 75/76B | €4 | €23 | +€20 | +566.9% |
| Recurring financial income | 75 | €4 | €23 | +€20 | +566.9% |
| Financial charges | 65/66B | €251 | €423 | +€172 | +68.8% |
| Recurring financial charges | 65 | €251 | €423 | +€172 | +68.8% |
| Profit (loss) for the period before taxes | 9903 | €7,866 | €2,183 | -€5,683 | -72.2% |
| Income taxes | 67/77 | €2,485 | €889 | -€1,596 | -64.2% |
| Profit (loss) for the period | 9904 | €5,381 | €1,294 | -€4,087 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,381 | €1,294 | -€4,087 | -75.9% |
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 9 October 2026 via checked.be.