DS²: 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.
DS²
Largest movements
- Financial fixed assets +€100,001
up €100,001 (+2.0%), from €5.1m to €5.2m
- Receivables within one year -€67,627
down €67,627 (-78.2%), from €86,504 to €18,878
of which Other amounts receivable: -€84,719
No liability line moved by more than 1% of the balance sheet total.
- Services and other goods +€162,756
up €162,756 (+2,160%), from €7,536 to €170,292
- Turnover +€144,000
new in 2026: €144,000
- Other operating income +€15,114
up €15,114 (+382%), from €3,960 to €19,075
- Other operating charges +€1,622
up €1,622 (+129%), from €1,258 to €2,880
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,161,950 | €5,212,779 | +€50,830 | +1.0% |
| Fixed assets | 21/28 | €5,075,000 | €5,175,001 | +€100,001 | +2.0% |
| Financial fixed assets | 28 | €5,075,000 | €5,175,001 | +€100,001 | +2.0% |
| Affiliated companies | 280/1 | €5,075,000 | €5,175,001 | +€100,001 | +2.0% |
| Participating interests | 280 | €5,075,000 | €5,175,001 | +€100,001 | +2.0% |
| Current assets | 29/58 | €86,950 | €37,778 | -€49,171 | -56.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €86,504 | €18,878 | -€67,627 | -78.2% |
| Trade receivables | 40 | - | €17,092 | +€17,092 | |
| Other amounts receivable | 41 | €86,504 | €1,785 | -€84,719 | -97.9% |
| Cash at bank and in hand | 54/58 | €445 | €6,952 | +€6,506 | +1,461% |
| Deferred charges and accrued income | 490/1 | - | €11,949 | +€11,949 | |
| Total equity and liabilities | 10/49 | €5,161,950 | €5,212,779 | +€50,830 | +1.0% |
| Equity | 10/15 | €2,506,950 | €2,496,452 | -€10,497 | -0.4% |
| Contributions | 10/11 | €2,525,000 | €2,525,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,050 | -€28,548 | -€10,497 | -58.2% |
| Amounts payable | 17/49 | €2,655,000 | €2,716,327 | +€61,327 | +2.3% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,500,000 | = | 0.0% |
| Financial debts | 170/4 | €2,500,000 | €2,500,000 | = | 0.0% |
| Subordinated loans | 170 | - | €2,500,000 | +€2.5m | |
| Other loans | 174 | €2,500,000 | - | -€2.5m | |
| Amounts payable within one year | 42/48 | €155,000 | €216,327 | +€61,327 | +39.6% |
| Trade debts | 44 | - | €26,337 | +€26,337 | |
| Suppliers | 440/4 | - | €26,337 | +€26,337 | |
| Taxes, remuneration and social security | 45 | - | €1,990 | +€1,990 | |
| Taxes | 450/3 | - | €1,990 | +€1,990 | |
| Other amounts payable | 47/48 | €155,000 | €188,000 | +€33,000 | +21.3% |
| Operating income | 70/76A | €3,960 | €163,075 | +€159,114 | +4,018% |
| Turnover | 70 | - | €144,000 | +€144,000 | |
| Other operating income | 74 | €3,960 | €19,075 | +€15,114 | +382% |
| Operating charges | 60/66A | €8,794 | €173,173 | +€164,378 | +1,869% |
| Services and other goods | 61 | €7,536 | €170,292 | +€162,756 | +2,160% |
| Other operating charges | 640/8 | €1,258 | €2,880 | +€1,622 | +129% |
| Operating profit (loss) | 9901 | -€4,834 | -€10,098 | -€5,264 | -109% |
| Financial charges | 65/66B | €347 | €399 | +€52 | +15.0% |
| Recurring financial charges | 65 | €347 | €399 | +€52 | +15.0% |
| Debt charges | 650 | - | €81 | +€81 | |
| Other financial charges | 652/9 | €347 | €319 | -€29 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,181 | -€10,497 | -€5,316 | -103% |
| Profit (loss) for the period | 9904 | -€5,181 | -€10,497 | -€5,316 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,181 | -€10,497 | -€5,316 | -103% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.