DS Management & Services: 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 Management & Services
Largest movements
- Tangible fixed assets -€13,023
down €13,023 (-23.8%), from €54,825 to €41,802
- Other debts -€239,178
down €239,178 (-95.5%), from €250,384 to €11,206
- Debts after one year +€157,738
up €157,738 (+27.8%), from €566,540 to €724,278
- Profit (loss) carried forward +€58,248
up €58,248 (+112%), from €52,021 to €110,269
- Gross operating margin +€17,907
up €17,907 (+49.0%), from €36,529 to €54,436
- Depreciation +€6,611
up €6,611 (+65.5%), from €10,093 to €16,705
- Taxes +€3,520
up €3,520 (+270%), from €1,305 to €4,825
- Financial income -€1,300
down €1,300 (-2.6%), from €50,000 to €48,700
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 | €1,054,078 | €1,030,436 | -€23,643 | -2.2% |
| Formation expenses | 20 | €9,167 | €5,485 | -€3,682 | -40.2% |
| Fixed assets | 21/28 | €984,923 | €971,900 | -€13,023 | -1.3% |
| Tangible fixed assets | 22/27 | €54,825 | €41,802 | -€13,023 | -23.8% |
| Furniture and vehicles | 24 | €54,825 | €41,802 | -€13,023 | -23.8% |
| Financial fixed assets | 28 | €930,098 | €930,098 | = | 0.0% |
| Current assets | 29/58 | €59,989 | €53,051 | -€6,938 | -11.6% |
| Amounts receivable within one year | 40/41 | €1,993 | €1,766 | -€227 | -11.4% |
| Other amounts receivable | 41 | €1,993 | €1,766 | -€227 | -11.4% |
| Cash at bank and in hand | 54/58 | €7,224 | €1,305 | -€5,919 | -81.9% |
| Deferred charges and accrued income | 490/1 | €50,772 | €49,980 | -€791 | -1.6% |
| Total equity and liabilities | 10/49 | €1,054,078 | €1,030,436 | -€23,643 | -2.2% |
| Equity | 10/15 | €152,021 | €210,269 | +€58,248 | +38.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,021 | €110,269 | +€58,248 | +112% |
| Amounts payable | 17/49 | €902,058 | €820,167 | -€81,891 | -9.1% |
| Amounts payable after more than one year | 17 | €566,540 | €724,278 | +€157,738 | +27.8% |
| Financial debts | 170/4 | €566,540 | €724,278 | +€157,738 | +27.8% |
| Amounts payable within one year | 42/48 | €335,518 | €95,889 | -€239,629 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €76,352 | €79,262 | +€2,910 | +3.8% |
| Trade debts | 44 | €7,052 | €1,797 | -€5,255 | -74.5% |
| Suppliers | 440/4 | €7,052 | €1,797 | -€5,255 | -74.5% |
| Taxes, remuneration and social security | 45 | €1,729 | €3,624 | +€1,895 | +110% |
| Taxes | 450/3 | €1,729 | €3,624 | +€1,895 | +110% |
| Other amounts payable | 47/48 | €250,384 | €11,206 | -€239,178 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,093 | €16,705 | +€6,611 | +65.5% |
| Other operating charges | 640/8 | €795 | €1,110 | +€315 | +39.7% |
| Gross operating margin | 9900 | €36,529 | €54,436 | +€17,907 | +49.0% |
| Operating profit (loss) | 9901 | €25,641 | €36,621 | +€10,981 | +42.8% |
| Financial income | 75/76B | €50,000 | €48,700 | -€1,300 | -2.6% |
| Recurring financial income | 75 | €50,000 | €48,700 | -€1,300 | -2.6% |
| Financial charges | 65/66B | €22,025 | €22,248 | +€222 | +1.0% |
| Recurring financial charges | 65 | €22,025 | €22,248 | +€222 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €53,615 | €63,073 | +€9,458 | +17.6% |
| Income taxes | 67/77 | €1,305 | €4,825 | +€3,520 | +270% |
| Profit (loss) for the period | 9904 | €52,310 | €58,248 | +€5,939 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,310 | €58,248 | +€5,939 | +11.4% |
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 29 October 2026 via checked.be.