DS Engineering: 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 Engineering
Largest movements
- Cash +€32,946
up €32,946 (+65.6%), from €50,189 to €83,135
mainly Depreciation (+€22,305) and Receivables within one year (+€13,808)
- Tangible fixed assets -€22,305
down €22,305 (-57.6%), from €38,701 to €16,396
of which Furniture and vehicles: -€19,455
- Receivables within one year -€13,808
down €13,808 (-60.7%), from €22,761 to €8,953
of which Trade receivables: -€10,739
- Deferred charges and accrued income -€2,911
down €2,911 (-80.7%), from €3,608 to €697
- Other debts -€11,430
down €11,430 (-8.5%), from €133,806 to €122,376
- Reserves +€9,932
up €9,932 (+10.7%), from €93,244 to €103,176
- Trade debts -€3,399
down €3,399 (-82.0%), from €4,144 to €745
- Gross operating margin +€6,576
up €6,576 (+18.9%), from €34,880 to €41,456
- Taxes +€2,421
up €2,421 (+153%), from €1,585 to €4,006
- Financial charges -€1,596
down €1,596 (-16.9%), from €9,439 to €7,843
- Financial income -€695
down €695 (-17.6%), from €3,947 to €3,252
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 | €257,028 | €252,726 | -€4,302 | -1.7% |
| Fixed assets | 21/28 | €38,701 | €16,396 | -€22,305 | -57.6% |
| Tangible fixed assets | 22/27 | €38,701 | €16,396 | -€22,305 | -57.6% |
| Plant, machinery and equipment | 23 | €2,504 | €1,854 | -€650 | -26.0% |
| Furniture and vehicles | 24 | €22,572 | €3,117 | -€19,455 | -86.2% |
| Other tangible fixed assets | 26 | €13,625 | €11,425 | -€2,200 | -16.1% |
| Current assets | 29/58 | €218,328 | €236,331 | +€18,003 | +8.2% |
| Amounts receivable within one year | 40/41 | €22,761 | €8,953 | -€13,808 | -60.7% |
| Trade receivables | 40 | €19,663 | €8,924 | -€10,739 | -54.6% |
| Other amounts receivable | 41 | €3,099 | €29 | -€3,070 | -99.1% |
| Current investments | 50/53 | €141,769 | €143,545 | +€1,776 | +1.3% |
| Cash at bank and in hand | 54/58 | €50,189 | €83,135 | +€32,946 | +65.6% |
| Deferred charges and accrued income | 490/1 | €3,608 | €697 | -€2,911 | -80.7% |
| Total equity and liabilities | 10/49 | €257,028 | €252,726 | -€4,302 | -1.7% |
| Equity | 10/15 | €111,844 | €121,776 | +€9,932 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,244 | €103,176 | +€9,932 | +10.7% |
| Distributable reserves | 133 | €93,244 | €103,176 | +€9,932 | +10.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €145,185 | €130,951 | -€14,234 | -9.8% |
| Amounts payable within one year | 42/48 | €145,185 | €130,951 | -€14,234 | -9.8% |
| Trade debts | 44 | €4,144 | €745 | -€3,399 | -82.0% |
| Suppliers | 440/4 | €4,144 | €745 | -€3,399 | -82.0% |
| Taxes, remuneration and social security | 45 | €7,235 | €7,830 | +€595 | +8.2% |
| Taxes | 450/3 | €7,235 | €7,830 | +€595 | +8.2% |
| Other amounts payable | 47/48 | €133,806 | €122,376 | -€11,430 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,979 | €22,305 | +€327 | +1.5% |
| Other operating charges | 640/8 | €608 | €621 | +€14 | +2.3% |
| Non-recurring operating charges | 66A | €1,151 | €0 | -€1,151 | -100% |
| Gross operating margin | 9900 | €34,880 | €41,456 | +€6,576 | +18.9% |
| Operating profit (loss) | 9901 | €11,144 | €18,530 | +€7,386 | +66.3% |
| Financial income | 75/76B | €3,947 | €3,252 | -€695 | -17.6% |
| Recurring financial income | 75 | €3,947 | €3,252 | -€695 | -17.6% |
| Financial charges | 65/66B | €9,439 | €7,843 | -€1,596 | -16.9% |
| Recurring financial charges | 65 | €9,439 | €7,843 | -€1,596 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €5,652 | €13,939 | +€8,287 | +147% |
| Income taxes | 67/77 | €1,585 | €4,006 | +€2,421 | +153% |
| Profit (loss) for the period | 9904 | €4,066 | €9,932 | +€5,866 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €4,066 | €9,932 | +€5,866 | +144% |
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 14 October 2026 via checked.be.