DS ELECTRICS: what changed
Two fiscal 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 ELECTRICS
Largest movements
- Receivables within one year +€23,353
up €23,353 (+3826.0%), from €610 to €23,964
of which Trade receivables: +€18,165
- Tangible fixed assets -€9,492
down €9,492 (-24.4%), from €38,826 to €29,333
- Stocks and contracts +€5,520
new in 2025: €5,520
- Cash +€1,743
up €1,743 (+6.8%), from €25,487 to €27,231
mainly Trade debts (+€19,330) and Short-term financial debts (+€17,460)
- Trade debts +€19,330
up €19,330 (+103.8%), from €18,616 to €37,945
- Short-term financial debts +€17,460
up €17,460 (+1242.6%), from €1,405 to €18,865
- Debts after one year -€9,322
down €9,322 (-30.3%), from €30,746 to €21,424
- Profit (loss) carried forward -€7,614
new in 2025: -€7,614
- Current portion of long-term debt +€1,175
up €1,175 (+13.2%), from €8,904 to €10,079
- Gross operating margin -€51,592
down €51,592 (-82.4%), from €62,642 to €11,050
- Other operating charges -€46,145
down €46,145 (-98.0%), from €47,099 to €954
- Taxes +€3,844
up €3,844 (+277.2%), from €1,387 to €5,230
- Depreciation +€856
up €856 (+9.9%), from €8,637 to €9,492
- Financial charges +€744
up €744 (+35.8%), from €2,081 to €2,825
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.
Cash bridge derived
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 | €64,923 | €86,048 | +€21,124 | +32.5% |
| Fixed assets | 21/28 | €38,826 | €29,333 | -€9,492 | -24.4% |
| Tangible fixed assets | 22/27 | €38,826 | €29,333 | -€9,492 | -24.4% |
| Leasing and similar rights | 25 | €38,826 | €29,333 | -€9,492 | -24.4% |
| Current assets | 29/58 | €26,098 | €56,714 | +€30,617 | +117.3% |
| Stocks and contracts in progress | 3 | - | €5,520 | +€5,520 | |
| Stocks | 30/36 | - | €5,520 | +€5,520 | |
| Amounts receivable within one year | 40/41 | €610 | €23,964 | +€23,353 | +3826.0% |
| Trade receivables | 40 | - | €18,165 | +€18,165 | |
| Other amounts receivable | 41 | €610 | €5,798 | +€5,188 | +849.9% |
| Cash at bank and in hand | 54/58 | €25,487 | €27,231 | +€1,743 | +6.8% |
| Total equity and liabilities | 10/49 | €64,923 | €86,048 | +€21,124 | +32.5% |
| Equity | 10/15 | €3,866 | -€3,748 | -€7,614 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €3,366 | €3,366 | = | 0.0% |
| Distributable reserves | 133 | €3,366 | €3,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,614 | -€7,614 | |
| Amounts payable | 17/49 | €61,058 | €89,796 | +€28,738 | +47.1% |
| Amounts payable after more than one year | 17 | €30,746 | €21,424 | -€9,322 | -30.3% |
| Financial debts | 170/4 | €30,746 | €21,424 | -€9,322 | -30.3% |
| Amounts payable within one year | 42/48 | €30,312 | €68,371 | +€38,060 | +125.6% |
| Current portion of amounts payable after more than one year | 42 | €8,904 | €10,079 | +€1,175 | +13.2% |
| Financial debts | 43 | €1,405 | €18,865 | +€17,460 | +1242.6% |
| Credit institutions | 430/8 | €1,405 | €18,865 | +€17,460 | +1242.6% |
| Trade debts | 44 | €18,616 | €37,945 | +€19,330 | +103.8% |
| Suppliers | 440/4 | €18,616 | €37,945 | +€19,330 | +103.8% |
| Taxes, remuneration and social security | 45 | €1,387 | €1,387 | = | 0.0% |
| Taxes | 450/3 | €1,387 | €1,387 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €95 | +€95 | |
| Remuneration, social security and pensions | 62 | €80 | €168 | +€88 | +110.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,637 | €9,492 | +€856 | +9.9% |
| Other operating charges | 640/8 | €47,099 | €954 | -€46,145 | -98.0% |
| Gross operating margin | 9900 | €62,642 | €11,050 | -€51,592 | -82.4% |
| Operating profit (loss) | 9901 | €6,826 | €435 | -€6,392 | -93.6% |
| Financial income | 75/76B | €7 | €7 | -€0 | -1.7% |
| Recurring financial income | 75 | €7 | €7 | -€0 | -1.7% |
| Financial charges | 65/66B | €2,081 | €2,825 | +€744 | +35.8% |
| Recurring financial charges | 65 | €2,081 | €2,825 | +€744 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €4,752 | -€2,384 | -€7,136 | |
| Income taxes | 67/77 | €1,387 | €5,230 | +€3,844 | +277.2% |
| Profit (loss) for the period | 9904 | €3,366 | -€7,614 | -€10,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,366 | -€7,614 | -€10,980 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.