DS PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€11,820
down €11,820 (-10.1%), from €116,673 to €104,853
of which Land and buildings: -€11,000
- Other debts +€24,832
up €24,832 (+68.6%), from €36,194 to €61,026
- Current portion of long-term debt -€17,202
no longer reported in 2025 (was €17,202)
- Profit (loss) carried forward +€11,623
up €11,623, from -€9,663 to €1,960
- Accrued charges and deferred income -€9,814
down €9,814 (-52.1%), from €18,843 to €9,029
- Provisions -€9,261
down €9,261 (-26.4%), from €35,048 to €25,786
- Gross operating margin +€6,111
up €6,111 (+34.5%), from €17,716 to €23,827
- Other operating charges -€1,800
down €1,800 (-82.4%), from €2,184 to €384
- Depreciation -€447
down €447 (-3.6%), from €12,267 to €11,820
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,673 | €104,853 | -€11,820 | -10.1% |
| Fixed assets | 21/28 | €116,673 | €104,853 | -€11,820 | -10.1% |
| Tangible fixed assets | 22/27 | €116,673 | €104,853 | -€11,820 | -10.1% |
| Land and buildings | 22 | €109,081 | €98,081 | -€11,000 | -10.1% |
| Plant, machinery and equipment | 23 | €7,592 | €6,772 | -€820 | -10.8% |
| Total equity and liabilities | 10/49 | €116,673 | €104,853 | -€11,820 | -10.1% |
| Equity | 10/15 | -€2,611 | €9,012 | +€11,623 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €852 | €852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €852 | €852 | = | 0.0% |
| Reserves not available under the articles | 1311 | €852 | €852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,663 | €1,960 | +€11,623 | |
| Provisions and deferred taxes | 16 | €35,048 | €25,786 | -€9,261 | -26.4% |
| Provisions for liabilities and charges | 160/5 | €35,048 | €25,786 | -€9,261 | -26.4% |
| Environmental obligations | 163 | €35,048 | €25,786 | -€9,261 | -26.4% |
| Amounts payable | 17/49 | €84,236 | €70,055 | -€14,181 | -16.8% |
| Amounts payable within one year | 42/48 | €65,393 | €61,026 | -€4,367 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €17,202 | - | -€17,202 | |
| Trade debts | 44 | €8,900 | - | -€8,900 | |
| Suppliers | 440/4 | €8,900 | - | -€8,900 | |
| Taxes, remuneration and social security | 45 | €3,096 | - | -€3,096 | |
| Taxes | 450/3 | €3,096 | - | -€3,096 | |
| Other amounts payable | 47/48 | €36,194 | €61,026 | +€24,832 | +68.6% |
| Accrued charges and deferred income | 492/3 | €18,843 | €9,029 | -€9,814 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,267 | €11,820 | -€447 | -3.6% |
| Other operating charges | 640/8 | €2,184 | €384 | -€1,800 | -82.4% |
| Gross operating margin | 9900 | €17,716 | €23,827 | +€6,111 | +34.5% |
| Operating profit (loss) | 9901 | €3,265 | €11,623 | +€8,358 | +256.0% |
| Profit (loss) for the period before taxes | 9903 | €3,265 | €11,623 | +€8,358 | +256.0% |
| Profit (loss) for the period | 9904 | €3,265 | €11,623 | +€8,358 | +256.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,265 | €11,623 | +€8,358 | +256.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.