DS Real Estate: what changed
DS Real Estate
Largest movements
- Stocks and contracts +€211,839
new in 2025: €211,839
- Cash -€14,140
down €14,140 (-85.9%), from €16,459 to €2,319
mainly Stocks and contracts (-€211,839) and Net result for the year (-€3,944)
- Other debts +€187,896
new in 2025: €187,896
- Short-term financial debts +€10,600
new in 2025: €10,600
- Profit (loss) carried forward -€3,944
down €3,944 (-110%), from -€3,596 to -€7,540
- Financial charges +€2,476
up €2,476 (+2,790%), from €89 to €2,565
- Gross operating margin +€1,336
up €1,336 (+61.1%), from -€2,188 to -€852
- Other operating charges -€791
down €791 (-60.0%), from €1,319 to €528
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,459 | €214,158 | +€197,700 | +1,201% |
| Current assets | 29/58 | €16,459 | €214,158 | +€197,700 | +1,201% |
| Stocks and contracts in progress | 3 | - | €211,839 | +€211,839 | |
| Stocks | 30/36 | - | €211,839 | +€211,839 | |
| Cash at bank and in hand | 54/58 | €16,459 | €2,319 | -€14,140 | -85.9% |
| Total equity and liabilities | 10/49 | €16,459 | €214,158 | +€197,700 | +1,201% |
| Equity | 10/15 | €16,404 | €12,460 | -€3,944 | -24.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,596 | -€7,540 | -€3,944 | -110% |
| Amounts payable | 17/49 | €54 | €201,698 | +€201,644 | +370,329% |
| Amounts payable within one year | 42/48 | €54 | €199,654 | +€199,599 | +366,574% |
| Financial debts | 43 | - | €10,600 | +€10,600 | |
| Credit institutions | 430/8 | - | €10,600 | +€10,600 | |
| Trade debts | 44 | €54 | €1,158 | +€1,104 | +2,027% |
| Suppliers | 440/4 | €54 | €1,158 | +€1,104 | +2,027% |
| Other amounts payable | 47/48 | - | €187,896 | +€187,896 | |
| Accrued charges and deferred income | 492/3 | - | €2,045 | +€2,045 | |
| Other operating charges | 640/8 | €1,319 | €528 | -€791 | -60.0% |
| Gross operating margin | 9900 | -€2,188 | -€852 | +€1,336 | +61.1% |
| Operating profit (loss) | 9901 | -€3,507 | -€1,380 | +€2,127 | +60.7% |
| Financial charges | 65/66B | €89 | €2,565 | +€2,476 | +2,790% |
| Recurring financial charges | 65 | €89 | €2,565 | +€2,476 | +2,790% |
| Profit (loss) for the period before taxes | 9903 | -€3,596 | -€3,944 | -€348 | -9.7% |
| Profit (loss) for the period | 9904 | -€3,596 | -€3,944 | -€348 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,596 | -€3,944 | -€348 | -9.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.