DNS: 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.
DNS
Largest movements
- Financial fixed assets +€118,000
new in 2025: €118,000
- Current investments +€32,981
up €32,981 (+60.0%), from €55,001 to €87,982
- Cash -€18,118
down €18,118 (-29.2%), from €62,070 to €43,952
mainly Contributions, distributions and other (-€194,165) and Investment in fixed assets (net) (-€110,837)
- Tangible fixed assets -€10,310
down €10,310 (-51.2%), from €20,134 to €9,825
of which Furniture and vehicles: -€8,815
- Receivables within one year +€5,231
up €5,231 (+26.7%), from €19,566 to €24,797
of which Other amounts receivable: +€4,254
- Other debts +€193,330
up €193,330 (+23,161%), from €835 to €194,165
- Reserves -€116,377
down €116,377 (-100%), from €116,377 to €0
- Current portion of long-term debt +€34,834
new in 2025: €34,834
- Debts after one year +€26,629
new in 2025: €26,629
- Tax, wage and social debts -€15,473
down €15,473 (-44.3%), from €34,888 to €19,416
- Depreciation -€6,169
down €6,169 (-66.2%), from €9,315 to €3,147
- Taxes +€4,995
up €4,995 (+21.9%), from €22,821 to €27,816
- Financial charges +€4,159
up €4,159 (+114%), from €3,664 to €7,823
- Financial income +€3,623
up €3,623 (+455%), from €797 to €4,420
- Gross operating margin -€3,201
down €3,201 (-2.8%), from €115,952 to €112,751
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 | €157,874 | €285,049 | +€127,175 | +80.6% |
| Fixed assets | 21/28 | €20,134 | €127,825 | +€107,690 | +535% |
| Tangible fixed assets | 22/27 | €20,134 | €9,825 | -€10,310 | -51.2% |
| Plant, machinery and equipment | 23 | €3,824 | €2,979 | -€845 | -22.1% |
| Furniture and vehicles | 24 | €11,871 | €3,056 | -€8,815 | -74.3% |
| Other tangible fixed assets | 26 | €4,439 | €3,789 | -€650 | -14.6% |
| Financial fixed assets | 28 | - | €118,000 | +€118,000 | |
| Current assets | 29/58 | €137,740 | €157,224 | +€19,485 | +14.1% |
| Amounts receivable within one year | 40/41 | €19,566 | €24,797 | +€5,231 | +26.7% |
| Trade receivables | 40 | €19,566 | €20,543 | +€978 | +5.0% |
| Other amounts receivable | 41 | €0 | €4,254 | +€4,254 | |
| Current investments | 50/53 | €55,001 | €87,982 | +€32,981 | +60.0% |
| Cash at bank and in hand | 54/58 | €62,070 | €43,952 | -€18,118 | -29.2% |
| Deferred charges and accrued income | 490/1 | €1,103 | €493 | -€610 | -55.3% |
| Total equity and liabilities | 10/49 | €157,874 | €285,049 | +€127,175 | +80.6% |
| Equity | 10/15 | €118,877 | €2,500 | -€116,377 | -97.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €116,377 | €0 | -€116,377 | -100% |
| Distributable reserves | 133 | €116,377 | €0 | -€116,377 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,997 | €282,549 | +€243,552 | +625% |
| Amounts payable after more than one year | 17 | - | €26,629 | +€26,629 | |
| Financial debts | 170/4 | - | €26,629 | +€26,629 | |
| Amounts payable within one year | 42/48 | €38,997 | €255,921 | +€216,923 | +556% |
| Current portion of amounts payable after more than one year | 42 | - | €34,834 | +€34,834 | |
| Financial debts | 43 | - | €6,738 | +€6,738 | |
| Credit institutions | 430/8 | - | €6,738 | +€6,738 | |
| Trade debts | 44 | €3,274 | €768 | -€2,506 | -76.5% |
| Suppliers | 440/4 | €3,274 | €768 | -€2,506 | -76.5% |
| Taxes, remuneration and social security | 45 | €34,888 | €19,416 | -€15,473 | -44.3% |
| Taxes | 450/3 | €34,888 | €19,416 | -€15,473 | -44.3% |
| Other amounts payable | 47/48 | €835 | €194,165 | +€193,330 | +23,161% |
| Non-recurring operating income | 76A | - | €5,837 | +€5,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,315 | €3,147 | -€6,169 | -66.2% |
| Other operating charges | 640/8 | €1,636 | €596 | -€1,040 | -63.6% |
| Gross operating margin | 9900 | €115,952 | €112,751 | -€3,201 | -2.8% |
| Operating profit (loss) | 9901 | €105,001 | €109,009 | +€4,007 | +3.8% |
| Financial income | 75/76B | €797 | €4,420 | +€3,623 | +455% |
| Recurring financial income | 75 | €797 | €4,420 | +€3,623 | +455% |
| Financial charges | 65/66B | €3,664 | €7,823 | +€4,159 | +114% |
| Recurring financial charges | 65 | €3,664 | €7,823 | +€4,159 | +114% |
| Profit (loss) for the period before taxes | 9903 | €102,134 | €105,605 | +€3,471 | +3.4% |
| Income taxes | 67/77 | €22,821 | €27,816 | +€4,995 | +21.9% |
| Profit (loss) for the period | 9904 | €79,313 | €77,788 | -€1,525 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,313 | €77,788 | -€1,525 | -1.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.