DS&DB: 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&DB
Largest movements
- Tangible fixed assets -€21,937
down €21,937 (-18.4%), from €119,262 to €97,325
of which Furniture and vehicles: -€22,156
- Stocks and contracts +€10,240
new in 2025: €10,240
- Cash -€7,009
down €7,009 (-49.7%), from €14,106 to €7,097
mainly Debts after one year (-€13,656) and Stocks and contracts (-€10,240)
- Receivables within one year +€1,651
up €1,651 (+10.1%), from €16,352 to €18,003
of which Trade receivables: +€1,102
- Debts after one year -€13,656
down €13,656 (-15.2%), from €89,689 to €76,034
- Current portion of long-term debt -€7,625
down €7,625 (-32.0%), from €23,807 to €16,182
- Tax, wage and social debts +€2,991
up €2,991 (+654%), from €457 to €3,448
- Gross operating margin -€8,594
down €8,594 (-25.1%), from €34,236 to €25,641
- Depreciation -€5,052
down €5,052 (-23.1%), from €21,917 to €16,865
- Other operating charges +€2,398
up €2,398 (+661%), from €363 to €2,760
- Taxes -€1,275
down €1,275 (-71.3%), from €1,788 to €514
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 | €151,024 | €134,096 | -€16,928 | -11.2% |
| Fixed assets | 21/28 | €119,262 | €97,325 | -€21,937 | -18.4% |
| Tangible fixed assets | 22/27 | €119,262 | €97,325 | -€21,937 | -18.4% |
| Plant, machinery and equipment | 23 | - | €801 | +€801 | |
| Furniture and vehicles | 24 | €116,041 | €93,884 | -€22,156 | -19.1% |
| Other tangible fixed assets | 26 | €3,222 | €2,640 | -€582 | -18.1% |
| Current assets | 29/58 | €31,762 | €36,771 | +€5,009 | +15.8% |
| Stocks and contracts in progress | 3 | - | €10,240 | +€10,240 | |
| Stocks | 30/36 | - | €10,240 | +€10,240 | |
| Amounts receivable within one year | 40/41 | €16,352 | €18,003 | +€1,651 | +10.1% |
| Trade receivables | 40 | €13,415 | €14,517 | +€1,102 | +8.2% |
| Other amounts receivable | 41 | €2,937 | €3,486 | +€549 | +18.7% |
| Cash at bank and in hand | 54/58 | €14,106 | €7,097 | -€7,009 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,304 | €1,432 | +€127 | +9.8% |
| Total equity and liabilities | 10/49 | €151,024 | €134,096 | -€16,928 | -11.2% |
| Equity | 10/15 | €32,829 | €33,530 | +€701 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,229 | €14,930 | +€701 | +4.9% |
| Amounts payable | 17/49 | €118,196 | €100,567 | -€17,629 | -14.9% |
| Amounts payable after more than one year | 17 | €89,689 | €76,034 | -€13,656 | -15.2% |
| Financial debts | 170/4 | €89,689 | €76,034 | -€13,656 | -15.2% |
| Amounts payable within one year | 42/48 | €28,506 | €24,373 | -€4,133 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €23,807 | €16,182 | -€7,625 | -32.0% |
| Trade debts | 44 | €2,731 | €3,744 | +€1,014 | +37.1% |
| Suppliers | 440/4 | €2,731 | €3,744 | +€1,014 | +37.1% |
| Taxes, remuneration and social security | 45 | €457 | €3,448 | +€2,991 | +654% |
| Taxes | 450/3 | €457 | €3,448 | +€2,991 | +654% |
| Other amounts payable | 47/48 | €1,511 | €998 | -€513 | -34.0% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,917 | €16,865 | -€5,052 | -23.1% |
| Other operating charges | 640/8 | €363 | €2,760 | +€2,398 | +661% |
| Non-recurring operating charges | 66A | €73 | - | -€73 | |
| Gross operating margin | 9900 | €34,236 | €25,641 | -€8,594 | -25.1% |
| Operating profit (loss) | 9901 | €11,883 | €6,016 | -€5,867 | -49.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,971 | €4,802 | -€169 | -3.4% |
| Recurring financial charges | 65 | €4,971 | €4,802 | -€169 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €6,912 | €1,214 | -€5,698 | -82.4% |
| Income taxes | 67/77 | €1,788 | €514 | -€1,275 | -71.3% |
| Profit (loss) for the period | 9904 | €5,124 | €701 | -€4,423 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,124 | €701 | -€4,423 | -86.3% |
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.