DS TECH: 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.
What changed
DS TECH
NACE 77.221, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€12,995
2024 · -€660+€13,655
Equity
€43,966
2024 · €101,559-€57,593
Cash
€28,512
2024 · €30,690-€2,177
Balance sheet total
€763,267
2024 · €801,466-€38,198
Largest movements
Assets
- Tangible fixed assets -€44,259
down €44,259 (-6.3%), from €707,846 to €663,586
of which Land and buildings: -€22,935
Equity and liabilities
- Reserves -€56,034
down €56,034 (-59.0%), from €95,000 to €38,966
- Debts after one year -€49,652
down €49,652 (-7.8%), from €640,504 to €590,852
- Trade debts +€34,334
up €34,334 (+1,019%), from €3,370 to €37,704
- Other debts +€31,326
up €31,326, from €0 to €31,326
Income statement
- Gross operating margin +€25,342
up €25,342 (+23.6%), from €107,275 to €132,617
- Staff costs -€4,615
down €4,615, from €4,558 to -€57
- Taxes +€4,269
up €4,269 (+162%), from €2,634 to €6,903
- Depreciation -€1,516
down €1,516 (-2.3%), from €66,384 to €64,868
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.
Result 2024
-€660
Gross operating margin
+€25,342
Staff costs
+€4,615
Depreciation
+€1,516
Other operating charges
+€774
Other operating items
-€13,954
Financial income
-€806
Financial charges
+€436
Taxes
-€4,269
Result 2025
€12,995
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€134,973
Investment
-€20,609
Financing
-€116,542
Cash 2024
€30,690
From operations (derived)
+€134,973
Net result for the year
+€12,995
Depreciation
+€64,868
Receivables within one year
-€6,888
Deferred charges and accrued income
-€1,351
Trade debts
+€34,334
Tax, wage and social debts
-€1,182
Other debts
+€31,326
Accrued charges and deferred income
+€871
Investment (derived)
-€20,609
Investment in fixed assets (net)
-€20,609
Financing
-€116,542
Debts after one year
-€49,652
Current portion of long-term debt
-€304
Short-term financial debts
+€4,003
Contributions, distributions and other
-€70,588
Cash 2025
€28,512
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €801,466 | €763,267 | -€38,198 | -4.8% |
| Fixed assets | 21/28 | €707,877 | €663,617 | -€44,259 | -6.3% |
| Tangible fixed assets | 22/27 | €707,846 | €663,586 | -€44,259 | -6.3% |
| Land and buildings | 22 | €646,341 | €623,407 | -€22,935 | -3.5% |
| Plant, machinery and equipment | 23 | €31,969 | €29,877 | -€2,092 | -6.5% |
| Furniture and vehicles | 24 | €23,653 | €8,926 | -€14,727 | -62.3% |
| Leasing and similar rights | 25 | €2,203 | €0 | -€2,203 | -100% |
| Other tangible fixed assets | 26 | €3,679 | €1,376 | -€2,303 | -62.6% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €93,589 | €99,650 | +€6,061 | +6.5% |
| Amounts receivable within one year | 40/41 | €59,018 | €65,906 | +€6,888 | +11.7% |
| Trade receivables | 40 | €34,253 | €42,430 | +€8,177 | +23.9% |
| Other amounts receivable | 41 | €24,765 | €23,475 | -€1,289 | -5.2% |
| Cash at bank and in hand | 54/58 | €30,690 | €28,512 | -€2,177 | -7.1% |
| Deferred charges and accrued income | 490/1 | €3,881 | €5,232 | +€1,351 | +34.8% |
| Total equity and liabilities | 10/49 | €801,466 | €763,267 | -€38,198 | -4.8% |
| Equity | 10/15 | €101,559 | €43,966 | -€57,593 | -56.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €38,966 | -€56,034 | -59.0% |
| Distributable reserves | 133 | €95,000 | €38,966 | -€56,034 | -59.0% |
| Profit (loss) carried forward | 14 | €1,559 | €0 | -€1,559 | -100% |
| Amounts payable | 17/49 | €699,907 | €719,301 | +€19,395 | +2.8% |
| Amounts payable after more than one year | 17 | €640,504 | €590,852 | -€49,652 | -7.8% |
| Financial debts | 170/4 | €640,504 | €590,852 | -€49,652 | -7.8% |
| Amounts payable within one year | 42/48 | €59,403 | €127,579 | +€68,176 | +115% |
| Current portion of amounts payable after more than one year | 42 | €49,956 | €49,652 | -€304 | -0.6% |
| Financial debts | 43 | €3,386 | €7,389 | +€4,003 | +118% |
| Credit institutions | 430/8 | €3,386 | €7,389 | +€4,003 | +118% |
| Trade debts | 44 | €3,370 | €37,704 | +€34,334 | +1,019% |
| Suppliers | 440/4 | €3,370 | €37,704 | +€34,334 | +1,019% |
| Taxes, remuneration and social security | 45 | €2,690 | €1,508 | -€1,182 | -43.9% |
| Taxes | 450/3 | €2,690 | €1,508 | -€1,182 | -43.9% |
| Other amounts payable | 47/48 | €0 | €31,326 | +€31,326 | |
| Accrued charges and deferred income | 492/3 | - | €871 | +€871 | |
| Non-recurring operating income | 76A | €6,126 | €0 | -€6,126 | -100% |
| Remuneration, social security and pensions | 62 | €4,558 | -€57 | -€4,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,384 | €64,868 | -€1,516 | -2.3% |
| Other operating charges | 640/8 | €3,468 | €2,694 | -€774 | -22.3% |
| Non-recurring operating charges | 66A | €4,271 | €18,225 | +€13,954 | +327% |
| Gross operating margin | 9900 | €107,275 | €132,617 | +€25,342 | +23.6% |
| Operating profit (loss) | 9901 | €28,594 | €46,888 | +€18,293 | +64.0% |
| Financial income | 75/76B | €1,338 | €532 | -€806 | -60.2% |
| Recurring financial income | 75 | €1,338 | €532 | -€806 | -60.2% |
| Financial charges | 65/66B | €27,958 | €27,522 | -€436 | -1.6% |
| Recurring financial charges | 65 | €27,958 | €27,522 | -€436 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €1,974 | €19,898 | +€17,924 | +908% |
| Income taxes | 67/77 | €2,634 | €6,903 | +€4,269 | +162% |
| Profit (loss) for the period | 9904 | -€660 | €12,995 | +€13,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€660 | €12,995 | +€13,655 |
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 16 October 2026 via checked.be.