DS-projecten: 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-projecten
Largest movements
- Tangible fixed assets +€54,217
up €54,217 (+203.4%), from €26,656 to €80,873
of which Land and buildings: +€55,547
- Cash -€11,790
down €11,790 (-58.1%), from €20,283 to €8,493
mainly Investment in fixed assets (net) (-€57,935) and Trade debts (-€163)
- Receivables within one year -€1,605
down €1,605 (-38.8%), from €4,133 to €2,528
of which Other amounts receivable: -€4,133
- Other debts +€39,317
up €39,317 (+196.6%), from €20,000 to €59,317
- Profit (loss) carried forward +€1,669
up €1,669 (+15.3%), from €10,909 to €12,577
- Other operating charges -€1,695
down €1,695 (-50.4%), from €3,361 to €1,666
- Depreciation +€1,509
up €1,509 (+68.3%), from €2,209 to €3,718
- Gross operating margin -€1,219
down €1,219 (-12.8%), from €9,503 to €8,283
- Taxes -€852
down €852 (-51.4%), from €1,657 to €805
- Staff costs +€387
new in 2025: €387
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 | €51,072 | €91,894 | +€40,822 | +79.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €26,656 | €80,873 | +€54,217 | +203.4% |
| Tangible fixed assets | 22/27 | €26,656 | €80,873 | +€54,217 | +203.4% |
| Land and buildings | 22 | €24,510 | €80,057 | +€55,547 | +226.6% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,145 | €816 | -€1,330 | -62.0% |
| Current assets | 29/58 | €24,416 | €11,021 | -€13,395 | -54.9% |
| Amounts receivable within one year | 40/41 | €4,133 | €2,528 | -€1,605 | -38.8% |
| Trade receivables | 40 | - | €2,528 | +€2,528 | |
| Other amounts receivable | 41 | €4,133 | €0 | -€4,133 | -100.0% |
| Cash at bank and in hand | 54/58 | €20,283 | €8,493 | -€11,790 | -58.1% |
| Total equity and liabilities | 10/49 | €51,072 | €91,894 | +€40,822 | +79.9% |
| Equity | 10/15 | €30,909 | €32,577 | +€1,669 | +5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,909 | €12,577 | +€1,669 | +15.3% |
| Amounts payable | 17/49 | €20,163 | €59,317 | +€39,153 | +194.2% |
| Amounts payable within one year | 42/48 | €20,163 | €59,317 | +€39,153 | +194.2% |
| Trade debts | 44 | €163 | - | -€163 | |
| Suppliers | 440/4 | €163 | - | -€163 | |
| Other amounts payable | 47/48 | €20,000 | €59,317 | +€39,317 | +196.6% |
| Remuneration, social security and pensions | 62 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,209 | €3,718 | +€1,509 | +68.3% |
| Other operating charges | 640/8 | €3,361 | €1,666 | -€1,695 | -50.4% |
| Gross operating margin | 9900 | €9,503 | €8,283 | -€1,219 | -12.8% |
| Operating profit (loss) | 9901 | €3,933 | €2,512 | -€1,421 | -36.1% |
| Financial income | 75/76B | €162 | - | -€162 | |
| Recurring financial income | 75 | €162 | - | -€162 | |
| Financial charges | 65/66B | €120 | €39 | -€81 | -67.4% |
| Recurring financial charges | 65 | €120 | €39 | -€81 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €3,975 | €2,473 | -€1,502 | -37.8% |
| Income taxes | 67/77 | €1,657 | €805 | -€852 | -51.4% |
| Profit (loss) for the period | 9904 | €2,318 | €1,669 | -€650 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,318 | €1,669 | -€650 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.