DLS Invest & Development: 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 Invest & Development
Largest movements
- Receivables within one year +€38,005
up €38,005 (+134%), from €28,452 to €66,457
of which Trade receivables: +€41,148
- Stocks and contracts -€4,750
no longer reported in 2025 (was €4,750)
- Tangible fixed assets -€1,775
down €1,775 (-16.4%), from €10,837 to €9,062
of which Other tangible fixed assets: -€1,277
- Trade debts +€26,779
up €26,779 (+2,592%), from €1,033 to €27,812
- Profit (loss) carried forward +€7,250
up €7,250 (+45.8%), from €15,813 to €23,063
- Tax, wage and social debts -€3,264
down €3,264 (-58.0%), from €5,625 to €2,361
- Contributions +€1,860
up €1,860 (+10.0%), from €18,600 to €20,460
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin +€15,097
up €15,097, from -€3,423 to €11,674
- Taxes +€1,864
new in 2025: €1,864
- Financial charges +€1,248
up €1,248 (+320%), from €390 to €1,638
- Financial income -€596
down €596 (-38.5%), from €1,549 to €953
- Other operating charges -€439
down €439 (-81.4%), from €539 to €100
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 | €44,172 | €75,528 | +€31,356 | +71.0% |
| Fixed assets | 21/28 | €10,837 | €9,062 | -€1,775 | -16.4% |
| Tangible fixed assets | 22/27 | €10,837 | €9,062 | -€1,775 | -16.4% |
| Furniture and vehicles | 24 | €498 | - | -€498 | |
| Other tangible fixed assets | 26 | €10,339 | €9,062 | -€1,277 | -12.4% |
| Current assets | 29/58 | €33,335 | €66,466 | +€33,131 | +99.4% |
| Stocks and contracts in progress | 3 | €4,750 | - | -€4,750 | |
| Stocks | 30/36 | €4,750 | - | -€4,750 | |
| Amounts receivable within one year | 40/41 | €28,452 | €66,457 | +€38,005 | +134% |
| Trade receivables | 40 | €6,594 | €47,742 | +€41,148 | +624% |
| Other amounts receivable | 41 | €21,858 | €18,715 | -€3,143 | -14.4% |
| Cash at bank and in hand | 54/58 | €133 | €9 | -€124 | -93.2% |
| Total equity and liabilities | 10/49 | €44,172 | €75,528 | +€31,356 | +71.0% |
| Equity | 10/15 | €36,273 | €43,523 | +€7,250 | +20.0% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €15,813 | €23,063 | +€7,250 | +45.8% |
| Amounts payable | 17/49 | €7,899 | €32,005 | +€24,106 | +305% |
| Amounts payable within one year | 42/48 | €7,899 | €32,005 | +€24,106 | +305% |
| Financial debts | 43 | €1,241 | €1,832 | +€591 | +47.6% |
| Credit institutions | 430/8 | €1,241 | €1,832 | +€591 | +47.6% |
| Trade debts | 44 | €1,033 | €27,812 | +€26,779 | +2,592% |
| Suppliers | 440/4 | €1,033 | €27,812 | +€26,779 | +2,592% |
| Taxes, remuneration and social security | 45 | €5,625 | €2,361 | -€3,264 | -58.0% |
| Taxes | 450/3 | €5,625 | €2,361 | -€3,264 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | €1,775 | -€25 | -1.4% |
| Other operating charges | 640/8 | €539 | €100 | -€439 | -81.4% |
| Gross operating margin | 9900 | -€3,423 | €11,674 | +€15,097 | |
| Operating profit (loss) | 9901 | -€5,762 | €9,799 | +€15,561 | |
| Financial income | 75/76B | €1,549 | €953 | -€596 | -38.5% |
| Recurring financial income | 75 | €1,549 | €953 | -€596 | -38.5% |
| Financial charges | 65/66B | €390 | €1,638 | +€1,248 | +320% |
| Recurring financial charges | 65 | €390 | €1,638 | +€1,248 | +320% |
| Profit (loss) for the period before taxes | 9903 | -€4,603 | €9,114 | +€13,717 | |
| Income taxes | 67/77 | - | €1,864 | +€1,864 | |
| Profit (loss) for the period | 9904 | -€4,603 | €7,250 | +€11,853 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,603 | €7,250 | +€11,853 |
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 24 October 2026 via checked.be.