DS: 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.
DS
Largest movements
- Stocks and contracts +€24,846
up €24,846 (+29.8%), from €83,371 to €108,217
- Cash +€13,939
up €13,939 (+129%), from €10,799 to €24,738
mainly Tax, wage and social debts (+€16,272) and Trade debts (+€14,213)
- Receivables within one year +€3,421
up €3,421 (+956%), from €358 to €3,779
of which Trade receivables: +€3,779
- Tax, wage and social debts +€16,272
up €16,272 (+316%), from €5,154 to €21,425
of which Taxes: +€15,328
- Trade debts +€14,213
up €14,213 (+254%), from €5,587 to €19,800
- Profit (loss) carried forward +€5,085
up €5,085 (+29.4%), from €17,284 to €22,369
- Short-term financial debts +€3,677
new in 2025: €3,677
- Other debts +€3,540
up €3,540 (+6.0%), from €59,003 to €62,543
- Staff costs -€28,347
no longer reported in 2025 (was €28,347)
- Gross operating margin -€19,489
down €19,489 (-50.8%), from €38,336 to €18,847
- Write-downs +€10,111
up €10,111, from -€1,843 to €8,268
- Financial charges +€1,533
up €1,533 (+98.2%), from €1,560 to €3,093
- Taxes -€797
down €797 (-28.5%), from €2,797 to €2,000
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 | €94,528 | €137,454 | +€42,926 | +45.4% |
| Current assets | 29/58 | €94,528 | €137,454 | +€42,926 | +45.4% |
| Stocks and contracts in progress | 3 | €83,371 | €108,217 | +€24,846 | +29.8% |
| Stocks | 30/36 | €83,371 | €108,217 | +€24,846 | +29.8% |
| Amounts receivable within one year | 40/41 | €358 | €3,779 | +€3,421 | +956% |
| Trade receivables | 40 | - | €3,779 | +€3,779 | |
| Other amounts receivable | 41 | €358 | - | -€358 | |
| Cash at bank and in hand | 54/58 | €10,799 | €24,738 | +€13,939 | +129% |
| Deferred charges and accrued income | 490/1 | - | €720 | +€720 | |
| Total equity and liabilities | 10/49 | €94,528 | €137,454 | +€42,926 | +45.4% |
| Equity | 10/15 | €24,784 | €29,869 | +€5,085 | +20.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Legal reserve | 130 | €2,500 | - | -€2,500 | |
| Distributable reserves | 133 | - | €2,500 | +€2,500 | |
| Profit (loss) carried forward | 14 | €17,284 | €22,369 | +€5,085 | +29.4% |
| Amounts payable | 17/49 | €69,743 | €107,585 | +€37,842 | +54.3% |
| Amounts payable within one year | 42/48 | €69,743 | €107,445 | +€37,702 | +54.1% |
| Financial debts | 43 | - | €3,677 | +€3,677 | |
| Credit institutions | 430/8 | - | €3,677 | +€3,677 | |
| Trade debts | 44 | €5,587 | €19,800 | +€14,213 | +254% |
| Suppliers | 440/4 | €5,587 | €19,800 | +€14,213 | +254% |
| Taxes, remuneration and social security | 45 | €5,154 | €21,425 | +€16,272 | +316% |
| Taxes | 450/3 | €2,797 | €18,125 | +€15,328 | +548% |
| Remuneration and social security | 454/9 | €2,357 | €3,300 | +€943 | +40.0% |
| Other amounts payable | 47/48 | €59,003 | €62,543 | +€3,540 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €140 | +€140 | |
| Remuneration, social security and pensions | 62 | €28,347 | - | -€28,347 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,843 | €8,268 | +€10,111 | |
| Other operating charges | 640/8 | €412 | €665 | +€253 | +61.4% |
| Gross operating margin | 9900 | €38,336 | €18,847 | -€19,489 | -50.8% |
| Operating profit (loss) | 9901 | €11,420 | €9,915 | -€1,506 | -13.2% |
| Financial income | 75/76B | - | €263 | +€263 | |
| Recurring financial income | 75 | - | €263 | +€263 | |
| Financial charges | 65/66B | €1,560 | €3,093 | +€1,533 | +98.2% |
| Recurring financial charges | 65 | €1,560 | €3,093 | +€1,533 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | €9,860 | €7,085 | -€2,775 | -28.1% |
| Income taxes | 67/77 | €2,797 | €2,000 | -€797 | -28.5% |
| Profit (loss) for the period | 9904 | €7,063 | €5,085 | -€1,979 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,063 | €5,085 | -€1,979 | -28.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.