DS-LOCKS: 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-LOCKS
Largest movements
- Cash +€25,631
up €25,631 (+103%), from €24,940 to €50,571
mainly Net result for the year (+€24,025) and Depreciation (+€14,188)
- Tangible fixed assets -€11,528
down €11,528 (-18.7%), from €61,494 to €49,966
of which Furniture and vehicles: -€11,146
- Receivables within one year -€2,014
down €2,014 (-76.4%), from €2,637 to €623
of which Trade receivables: -€1,306
- Stocks and contracts -€1,145
down €1,145 (-31.5%), from €3,640 to €2,495
- Reserves +€24,025
up €24,025 (+60.0%), from €40,071 to €64,096
- Debts after one year -€8,459
down €8,459 (-23.6%), from €35,777 to €27,318
- Tax, wage and social debts -€4,959
down €4,959 (-69.4%), from €7,150 to €2,190
- Depreciation +€9,877
up €9,877 (+229%), from €4,311 to €14,188
- Gross operating margin -€7,293
down €7,293 (-11.9%), from €61,475 to €54,182
- Taxes -€2,656
down €2,656 (-17.5%), from €15,150 to €12,493
- Financial charges +€2,158
up €2,158 (+249%), from €867 to €3,024
- Other operating charges -€661
down €661 (-53.5%), from €1,234 to €573
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 | €94,164 | €105,810 | +€11,646 | +12.4% |
| Fixed assets | 21/28 | €61,494 | €49,966 | -€11,528 | -18.7% |
| Tangible fixed assets | 22/27 | €61,494 | €49,966 | -€11,528 | -18.7% |
| Plant, machinery and equipment | 23 | €872 | €490 | -€383 | -43.9% |
| Furniture and vehicles | 24 | €60,621 | €49,476 | -€11,146 | -18.4% |
| Current assets | 29/58 | €32,670 | €55,845 | +€23,175 | +70.9% |
| Stocks and contracts in progress | 3 | €3,640 | €2,495 | -€1,145 | -31.5% |
| Stocks | 30/36 | €3,640 | €2,495 | -€1,145 | -31.5% |
| Amounts receivable within one year | 40/41 | €2,637 | €623 | -€2,014 | -76.4% |
| Trade receivables | 40 | €1,929 | €623 | -€1,306 | -67.7% |
| Other amounts receivable | 41 | €708 | - | -€708 | |
| Cash at bank and in hand | 54/58 | €24,940 | €50,571 | +€25,631 | +103% |
| Deferred charges and accrued income | 490/1 | €1,453 | €2,156 | +€703 | +48.4% |
| Total equity and liabilities | 10/49 | €94,164 | €105,810 | +€11,646 | +12.4% |
| Equity | 10/15 | €43,071 | €67,096 | +€24,025 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,071 | €64,096 | +€24,025 | +60.0% |
| Distributable reserves | 133 | €40,071 | €64,096 | +€24,025 | +60.0% |
| Amounts payable | 17/49 | €51,093 | €38,714 | -€12,379 | -24.2% |
| Amounts payable after more than one year | 17 | €35,777 | €27,318 | -€8,459 | -23.6% |
| Financial debts | 170/4 | €35,777 | €27,318 | -€8,459 | -23.6% |
| Amounts payable within one year | 42/48 | €15,316 | €11,396 | -€3,920 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €7,907 | €8,459 | +€553 | +7.0% |
| Trade debts | 44 | €94 | €580 | +€487 | +520% |
| Suppliers | 440/4 | €94 | €580 | +€487 | +520% |
| Taxes, remuneration and social security | 45 | €7,150 | €2,190 | -€4,959 | -69.4% |
| Taxes | 450/3 | €7,150 | €2,190 | -€4,959 | -69.4% |
| Other amounts payable | 47/48 | €167 | €167 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,311 | €14,188 | +€9,877 | +229% |
| Other operating charges | 640/8 | €1,234 | €573 | -€661 | -53.5% |
| Gross operating margin | 9900 | €61,475 | €54,182 | -€7,293 | -11.9% |
| Operating profit (loss) | 9901 | €55,930 | €39,421 | -€16,509 | -29.5% |
| Financial income | 75/76B | €157 | €122 | -€35 | -22.3% |
| Recurring financial income | 75 | €157 | €122 | -€35 | -22.3% |
| Financial charges | 65/66B | €867 | €3,024 | +€2,158 | +249% |
| Recurring financial charges | 65 | €867 | €3,024 | +€2,158 | +249% |
| Profit (loss) for the period before taxes | 9903 | €55,221 | €36,519 | -€18,702 | -33.9% |
| Income taxes | 67/77 | €15,150 | €12,493 | -€2,656 | -17.5% |
| Profit (loss) for the period | 9904 | €40,071 | €24,025 | -€16,046 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,071 | €24,025 | -€16,046 | -40.0% |
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 24 October 2026 via checked.be.