DS Installaties: 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 Installaties
Largest movements
- Tangible fixed assets +€89,389
up €89,389 (+316%), from €28,252 to €117,641
of which Furniture and vehicles: +€88,772
- Receivables within one year +€60,544
up €60,544 (+69.8%), from €86,753 to €147,297
of which Trade receivables: +€67,790
- Cash +€10,828
up €10,828 (+16.7%), from €64,821 to €75,650
mainly Other debts (+€169,428) and Net result for the year (+€118,144)
- Other debts +€169,428
up €169,428 (+480%), from €35,294 to €204,723
- Reserves -€86,575
down €86,575 (-100%), from €86,575 to €0
- Debts after one year +€70,182
up €70,182 (+560%), from €12,536 to €82,718
- Current portion of long-term debt +€18,767
up €18,767 (+229%), from €8,196 to €26,963
- Short-term financial debts -€6,000
down €6,000 (-100%), from €6,000 to €0
- Gross operating margin +€118,529
up €118,529 (+266%), from €44,547 to €163,076
- Taxes +€18,476
up €18,476 (+238%), from €7,756 to €26,231
- Depreciation +€3,595
up €3,595 (+30.6%), from €11,755 to €15,350
- Financial charges +€1,863
up €1,863 (+166%), from €1,120 to €2,983
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 | €180,994 | €344,075 | +€163,081 | +90.1% |
| Fixed assets | 21/28 | €28,332 | €117,841 | +€89,509 | +316% |
| Tangible fixed assets | 22/27 | €28,252 | €117,641 | +€89,389 | +316% |
| Plant, machinery and equipment | 23 | €6,767 | €7,383 | +€616 | +9.1% |
| Furniture and vehicles | 24 | €21,485 | €110,258 | +€88,772 | +413% |
| Financial fixed assets | 28 | €80 | €200 | +€120 | +150% |
| Current assets | 29/58 | €152,662 | €226,234 | +€73,572 | +48.2% |
| Amounts receivable within one year | 40/41 | €86,753 | €147,297 | +€60,544 | +69.8% |
| Trade receivables | 40 | €60,191 | €127,981 | +€67,790 | +113% |
| Other amounts receivable | 41 | €26,562 | €19,316 | -€7,246 | -27.3% |
| Cash at bank and in hand | 54/58 | €64,821 | €75,650 | +€10,828 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,088 | €3,288 | +€2,200 | +202% |
| Total equity and liabilities | 10/49 | €180,994 | €344,075 | +€163,081 | +90.1% |
| Equity | 10/15 | €91,575 | €5,000 | -€86,575 | -94.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €86,575 | €0 | -€86,575 | -100% |
| Distributable reserves | 133 | €86,575 | €0 | -€86,575 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €89,419 | €339,075 | +€249,656 | +279% |
| Amounts payable after more than one year | 17 | €12,536 | €82,718 | +€70,182 | +560% |
| Financial debts | 170/4 | €12,536 | €82,718 | +€70,182 | +560% |
| Amounts payable within one year | 42/48 | €76,883 | €256,357 | +€179,475 | +233% |
| Current portion of amounts payable after more than one year | 42 | €8,196 | €26,963 | +€18,767 | +229% |
| Financial debts | 43 | €6,000 | €0 | -€6,000 | -100% |
| Credit institutions | 430/8 | €6,000 | €0 | -€6,000 | -100% |
| Trade debts | 44 | €27,392 | €24,671 | -€2,721 | -9.9% |
| Suppliers | 440/4 | €27,392 | €24,671 | -€2,721 | -9.9% |
| Other amounts payable | 47/48 | €35,294 | €204,723 | +€169,428 | +480% |
| Remuneration, social security and pensions | 62 | €241 | -€534 | -€775 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,755 | €15,350 | +€3,595 | +30.6% |
| Other operating charges | 640/8 | €876 | €904 | +€28 | +3.2% |
| Gross operating margin | 9900 | €44,547 | €163,076 | +€118,529 | +266% |
| Operating profit (loss) | 9901 | €31,676 | €147,356 | +€115,681 | +365% |
| Financial income | 75/76B | €188 | €2 | -€187 | -99.2% |
| Recurring financial income | 75 | €188 | €2 | -€187 | -99.2% |
| Financial charges | 65/66B | €1,120 | €2,983 | +€1,863 | +166% |
| Recurring financial charges | 65 | €1,120 | €2,983 | +€1,863 | +166% |
| Profit (loss) for the period before taxes | 9903 | €30,744 | €144,375 | +€113,631 | +370% |
| Income taxes | 67/77 | €7,756 | €26,231 | +€18,476 | +238% |
| Profit (loss) for the period | 9904 | €22,988 | €118,144 | +€95,156 | +414% |
| Profit (loss) for the period to be appropriated | 9905 | €22,988 | €118,144 | +€95,156 | +414% |
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 23 October 2026 via checked.be.