DS COM: 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 COM
Largest movements
- Cash -€152,724
down €152,724 (-78.3%), from €195,057 to €42,332
mainly Debts after one year (-€1.1m) and Net result for the year (-€116,730)
- Tangible fixed assets +€60,247
up €60,247 (+4.1%), from €1.5m to €1.5m
of which Furniture and vehicles: +€83,682
- Debts after one year -€1.1m
down €1.1m (-68.9%), from €1.6m to €511,900
- Current portion of long-term debt +€640,366
new in 2025: €640,366
- Contributions +€487,400
up €487,400 (+244%), from €200,000 to €687,400
of which Contributions outside capital: +€487,400
- Profit (loss) carried forward -€145,460
down €145,460 (-56.1%), from -€259,213 to -€404,673
- Reserves +€56,387
up €56,387 (+82.1%), from €68,656 to €125,043
of which Distributable reserves: +€56,387
- Gross operating margin -€43,749
down €43,749, from €12,475 to -€31,273
- Financial charges -€30,482
down €30,482 (-52.0%), from €58,586 to €28,104
- Depreciation -€25,320
down €25,320 (-35.1%), from €72,086 to €46,766
- Other operating charges +€5,670
up €5,670 (+125%), from €4,525 to €10,195
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 | €1,666,140 | €1,568,334 | -€97,806 | -5.9% |
| Fixed assets | 21/28 | €1,463,476 | €1,523,722 | +€60,247 | +4.1% |
| Tangible fixed assets | 22/27 | €1,463,476 | €1,523,722 | +€60,247 | +4.1% |
| Land and buildings | 22 | €1,061,252 | €1,037,816 | -€23,435 | -2.2% |
| Furniture and vehicles | 24 | €7,088 | €90,770 | +€83,682 | +1,181% |
| Other tangible fixed assets | 26 | €395,136 | €395,136 | = | 0.0% |
| Current assets | 29/58 | €202,665 | €44,612 | -€158,053 | -78.0% |
| Amounts receivable within one year | 40/41 | €6,188 | €820 | -€5,367 | -86.7% |
| Trade receivables | 40 | €333 | €735 | +€402 | +120% |
| Other amounts receivable | 41 | €5,854 | €86 | -€5,769 | -98.5% |
| Cash at bank and in hand | 54/58 | €195,057 | €42,332 | -€152,724 | -78.3% |
| Deferred charges and accrued income | 490/1 | €1,420 | €1,459 | +€39 | +2.7% |
| Total equity and liabilities | 10/49 | €1,666,140 | €1,568,334 | -€97,806 | -5.9% |
| Equity | 10/15 | €9,443 | €407,770 | +€398,327 | +4,218% |
| Contributions | 10/11 | €200,000 | €687,400 | +€487,400 | +244% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €487,400 | +€487,400 | |
| Other | 1109/19 | - | €487,400 | +€487,400 | |
| Reserves | 13 | €68,656 | €125,043 | +€56,387 | +82.1% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €48,656 | €105,043 | +€56,387 | +116% |
| Profit (loss) carried forward | 14 | -€259,213 | -€404,673 | -€145,460 | -56.1% |
| Amounts payable | 17/49 | €1,656,697 | €1,160,564 | -€496,133 | -29.9% |
| Amounts payable after more than one year | 17 | €1,644,965 | €511,900 | -€1.1m | -68.9% |
| Financial debts | 170/4 | €1,644,965 | €511,900 | -€1.1m | -68.9% |
| Amounts payable within one year | 42/48 | €8,769 | €648,664 | +€639,895 | +7,297% |
| Current portion of amounts payable after more than one year | 42 | - | €640,366 | +€640,366 | |
| Trade debts | 44 | €6,916 | €6,472 | -€444 | -6.4% |
| Suppliers | 440/4 | €6,916 | €6,472 | -€444 | -6.4% |
| Taxes, remuneration and social security | 45 | - | €392 | +€392 | |
| Taxes | 450/3 | - | €392 | +€392 | |
| Other amounts payable | 47/48 | €1,853 | €1,434 | -€419 | -22.6% |
| Accrued charges and deferred income | 492/3 | €2,962 | - | -€2,962 | |
| Non-recurring operating income | 76A | - | €4,481 | +€4,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,086 | €46,766 | -€25,320 | -35.1% |
| Other operating charges | 640/8 | €4,525 | €10,195 | +€5,670 | +125% |
| Gross operating margin | 9900 | €12,475 | -€31,273 | -€43,749 | |
| Operating profit (loss) | 9901 | -€64,136 | -€88,234 | -€24,098 | -37.6% |
| Financial charges | 65/66B | €58,586 | €28,104 | -€30,482 | -52.0% |
| Recurring financial charges | 65 | €58,586 | €28,104 | -€30,482 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | -€122,722 | -€116,338 | +€6,384 | +5.2% |
| Income taxes | 67/77 | €160 | €392 | +€232 | +145% |
| Profit (loss) for the period | 9904 | -€122,882 | -€116,730 | +€6,152 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,882 | -€116,730 | +€6,152 | +5.0% |
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 15 October 2026 via checked.be.