DLS GOOD DEAL: 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 GOOD DEAL
Largest movements
- Deferred charges and accrued income -€16,795
down €16,795 (-99.1%), from €16,942 to €147
- Stocks and contracts +€16,536
up €16,536 (+980%), from €1,687 to €18,223
- Tangible fixed assets -€3,175
down €3,175 (-33.3%), from €9,522 to €6,347
of which Furniture and vehicles: -€3,127
- Cash +€1,111
up €1,111 (+393%), from €283 to €1,394
mainly Contributions, distributions and other (+€33,148) and Deferred charges and accrued income (+€16,795)
- Formation expenses -€595
no longer reported in 2025 (was €595)
- Advances received -€17,500
no longer reported in 2025 (was €17,500)
- Profit (loss) carried forward +€11,621
up €11,621, from -€11,621 to €0
- Other debts +€5,675
up €5,675 (+2,142%), from €265 to €5,940
- Debts after one year -€3,383
down €3,383 (-56.0%), from €6,046 to €2,663
- Trade debts +€1,546
up €1,546 (+175%), from €885 to €2,431
- Gross operating margin -€33,497
down €33,497, from €18,807 to -€14,690
- Turnover -€28,782
down €28,782 (-74.1%), from €38,842 to €10,060
- Depreciation -€3,397
down €3,397 (-46.8%), from €7,256 to €3,859
- Purchases and services +€3,139
up €3,139 (+13.9%), from €22,515 to €25,654
- Other operating charges -€968
down €968 (-33.2%), from €2,919 to €1,951
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.
Derived cash bridge
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 | €29,455 | €26,572 | -€2,883 | -9.8% |
| Formation expenses | 20 | €595 | - | -€595 | |
| Fixed assets | 21/28 | €9,948 | €6,684 | -€3,264 | -32.8% |
| Intangible fixed assets | 21 | €426 | €337 | -€89 | -20.9% |
| Tangible fixed assets | 22/27 | €9,522 | €6,347 | -€3,175 | -33.3% |
| Plant, machinery and equipment | 23 | €48 | - | -€48 | |
| Furniture and vehicles | 24 | €9,474 | €6,347 | -€3,127 | -33.0% |
| Current assets | 29/58 | €18,912 | €19,888 | +€976 | +5.2% |
| Stocks and contracts in progress | 3 | €1,687 | €18,223 | +€16,536 | +980% |
| Stocks | 30/36 | €1,687 | €18,223 | +€16,536 | +980% |
| Amounts receivable within one year | 40/41 | - | €124 | +€124 | |
| Trade receivables | 40 | - | €5 | +€5 | |
| Other amounts receivable | 41 | - | €119 | +€119 | |
| Cash at bank and in hand | 54/58 | €283 | €1,394 | +€1,111 | +393% |
| Deferred charges and accrued income | 490/1 | €16,942 | €147 | -€16,795 | -99.1% |
| Total equity and liabilities | 10/49 | €29,455 | €26,572 | -€2,883 | -9.8% |
| Equity | 10/15 | €379 | €12,000 | +€11,621 | +3,066% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,621 | €0 | +€11,621 | |
| Amounts payable | 17/49 | €29,076 | €14,572 | -€14,504 | -49.9% |
| Amounts payable after more than one year | 17 | €6,046 | €2,663 | -€3,383 | -56.0% |
| Financial debts | 170/4 | €6,046 | €2,663 | -€3,383 | -56.0% |
| Amounts payable within one year | 42/48 | €23,030 | €11,909 | -€11,121 | -48.3% |
| Current portion of amounts payable after more than one year | 42 | €3,199 | €3,382 | +€183 | +5.7% |
| Trade debts | 44 | €885 | €2,431 | +€1,546 | +175% |
| Suppliers | 440/4 | €885 | €2,431 | +€1,546 | +175% |
| Advances received on contracts in progress | 46 | €17,500 | - | -€17,500 | |
| Taxes, remuneration and social security | 45 | €1,181 | €156 | -€1,025 | -86.8% |
| Taxes | 450/3 | €1,181 | €156 | -€1,025 | -86.8% |
| Other amounts payable | 47/48 | €265 | €5,940 | +€5,675 | +2,142% |
| Turnover | 70 | €38,842 | €10,060 | -€28,782 | -74.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €22,515 | €25,654 | +€3,139 | +13.9% |
| Remuneration, social security and pensions | 62 | - | €170 | +€170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,256 | €3,859 | -€3,397 | -46.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19 | +€19 | |
| Other operating charges | 640/8 | €2,919 | €1,951 | -€968 | -33.2% |
| Non-recurring operating charges | 66A | €683 | €183 | -€500 | -73.2% |
| Gross operating margin | 9900 | €18,807 | -€14,690 | -€33,497 | |
| Operating profit (loss) | 9901 | €7,949 | -€20,872 | -€28,821 | |
| Financial income | 75/76B | €39 | €101 | +€62 | +159% |
| Recurring financial income | 75 | €39 | €101 | +€62 | +159% |
| Financial charges | 65/66B | €686 | €756 | +€70 | +10.2% |
| Recurring financial charges | 65 | €686 | €756 | +€70 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €7,302 | -€21,527 | -€28,829 | |
| Profit (loss) for the period | 9904 | €7,302 | -€21,527 | -€28,829 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,302 | -€21,527 | -€28,829 |
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 30 October 2026 via checked.be.