DS TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year -€27,660
down €27,660 (-23.1%), from €119,739 to €92,079
of which Trade receivables: -€26,574
- Cash -€17,209
down €17,209 (-13.8%), from €124,785 to €107,577
mainly Contributions, distributions and other (-€112,714) and Accrued charges and deferred income (-€30,350)
- Tangible fixed assets -€12,573
down €12,573 (-13.2%), from €95,090 to €82,517
of which Land and buildings: -€7,570
- Deferred charges and accrued income -€9,393
down €9,393 (-84.4%), from €11,126 to €1,733
- Reserves -€70,686
down €70,686 (-35.4%), from €199,673 to €128,987
- Accrued charges and deferred income -€30,350
down €30,350 (-98.7%), from €30,750 to €400
- Debts after one year +€28,668
up €28,668 (+74.3%), from €38,573 to €67,241
- Current portion of long-term debt +€16,665
up €16,665 (+401%), from €4,155 to €20,820
- Trade debts -€8,591
down €8,591 (-9.5%), from €90,279 to €81,688
- Other operating charges -€23,553
down €23,553 (-62.0%), from €38,005 to €14,453
- Staff costs -€17,914
down €17,914 (-35.1%), from €50,970 to €33,056
- Gross operating margin -€8,738
down €8,738 (-6.3%), from €138,580 to €129,842
- Taxes +€7,323
up €7,323 (+153%), from €4,796 to €12,118
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 | €377,423 | €310,169 | -€67,254 | -17.8% |
| Fixed assets | 21/28 | €95,340 | €82,767 | -€12,573 | -13.2% |
| Tangible fixed assets | 22/27 | €95,090 | €82,517 | -€12,573 | -13.2% |
| Land and buildings | 22 | €72,408 | €64,839 | -€7,570 | -10.5% |
| Plant, machinery and equipment | 23 | €5,679 | €6,794 | +€1,116 | +19.6% |
| Furniture and vehicles | 24 | €17,004 | €10,884 | -€6,119 | -36.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €282,082 | €227,402 | -€54,680 | -19.4% |
| Stocks and contracts in progress | 3 | €26,432 | €26,014 | -€418 | -1.6% |
| Stocks | 30/36 | €26,432 | €26,014 | -€418 | -1.6% |
| Amounts receivable within one year | 40/41 | €119,739 | €92,079 | -€27,660 | -23.1% |
| Trade receivables | 40 | €86,093 | €59,520 | -€26,574 | -30.9% |
| Other amounts receivable | 41 | €33,646 | €32,559 | -€1,086 | -3.2% |
| Cash at bank and in hand | 54/58 | €124,785 | €107,577 | -€17,209 | -13.8% |
| Deferred charges and accrued income | 490/1 | €11,126 | €1,733 | -€9,393 | -84.4% |
| Total equity and liabilities | 10/49 | €377,423 | €310,169 | -€67,254 | -17.8% |
| Equity | 10/15 | €208,273 | €137,587 | -€70,686 | -33.9% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €199,673 | €128,987 | -€70,686 | -35.4% |
| Distributable reserves | 133 | €199,673 | €128,987 | -€70,686 | -35.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €169,150 | €172,582 | +€3,432 | +2.0% |
| Amounts payable after more than one year | 17 | €38,573 | €67,241 | +€28,668 | +74.3% |
| Financial debts | 170/4 | €38,573 | €67,241 | +€28,668 | +74.3% |
| Amounts payable within one year | 42/48 | €99,827 | €104,942 | +€5,115 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €4,155 | €20,820 | +€16,665 | +401% |
| Trade debts | 44 | €90,279 | €81,688 | -€8,591 | -9.5% |
| Suppliers | 440/4 | €90,279 | €81,688 | -€8,591 | -9.5% |
| Taxes, remuneration and social security | 45 | €5,394 | €2,434 | -€2,960 | -54.9% |
| Taxes | 450/3 | €287 | €0 | -€287 | -100% |
| Remuneration and social security | 454/9 | €5,107 | €2,434 | -€2,673 | -52.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €30,750 | €400 | -€30,350 | -98.7% |
| Remuneration, social security and pensions | 62 | €50,970 | €33,056 | -€17,914 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,825 | €18,348 | +€523 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €38,005 | €14,453 | -€23,553 | -62.0% |
| Non-recurring operating charges | 66A | €0 | €1,495 | +€1,495 | |
| Gross operating margin | 9900 | €138,580 | €129,842 | -€8,738 | -6.3% |
| Operating profit (loss) | 9901 | €31,779 | €62,490 | +€30,711 | +96.6% |
| Financial income | 75/76B | €821 | €1,492 | +€671 | +81.8% |
| Recurring financial income | 75 | €821 | €1,492 | +€671 | +81.8% |
| Financial charges | 65/66B | €10,678 | €9,836 | -€842 | -7.9% |
| Recurring financial charges | 65 | €10,678 | €9,836 | -€842 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €21,923 | €54,147 | +€32,224 | +147% |
| Income taxes | 67/77 | €4,796 | €12,118 | +€7,323 | +153% |
| Profit (loss) for the period | 9904 | €17,127 | €42,028 | +€24,901 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €17,127 | €42,028 | +€24,901 | +145% |
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.