DS TELECOM: 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 TELECOM
Largest movements
- Receivables within one year -€1,559
down €1,559 (-7.7%), from €20,193 to €18,634
of which Trade receivables: -€12,006
- Cash -€1,498
down €1,498 (-97.3%), from €1,539 to €41
mainly Other debts (-€3,718) and Trade debts (-€1,505)
- Tangible fixed assets -€310
down €310 (-71.4%), from €434 to €124
- Other debts -€3,718
no longer reported in 2025 (was €3,718)
- Tax, wage and social debts +€2,503
up €2,503 (+95.1%), from €2,630 to €5,133
of which Remuneration and social security: +€4,030
- Trade debts -€1,505
no longer reported in 2025 (was €1,505)
- Profit (loss) carried forward -€460
down €460 (-3.4%), from -€13,495 to -€13,955
- Staff costs -€14,094
down €14,094, from €13,699 to -€395
- Gross operating margin -€4,122
down €4,122, from €3,607 to -€516
- Other operating charges +€144
new in 2025: €144
- Financial income +€93
up €93 (+99.5%), from €93 to €186
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 | €22,166 | €18,985 | -€3,181 | -14.4% |
| Fixed assets | 21/28 | €434 | €124 | -€310 | -71.4% |
| Tangible fixed assets | 22/27 | €434 | €124 | -€310 | -71.4% |
| Furniture and vehicles | 24 | €434 | €124 | -€310 | -71.4% |
| Current assets | 29/58 | €21,732 | €18,861 | -€2,871 | -13.2% |
| Amounts receivable within one year | 40/41 | €20,193 | €18,634 | -€1,559 | -7.7% |
| Trade receivables | 40 | €20,136 | €8,130 | -€12,006 | -59.6% |
| Other amounts receivable | 41 | €56 | €10,504 | +€10,448 | +18,525% |
| Cash at bank and in hand | 54/58 | €1,539 | €41 | -€1,498 | -97.3% |
| Deferred charges and accrued income | 490/1 | - | €185 | +€185 | |
| Total equity and liabilities | 10/49 | €22,166 | €18,985 | -€3,181 | -14.4% |
| Equity | 10/15 | €14,312 | €13,852 | -€460 | -3.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,214 | €9,214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,354 | €7,354 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,495 | -€13,955 | -€460 | -3.4% |
| Amounts payable | 17/49 | €7,854 | €5,133 | -€2,721 | -34.6% |
| Amounts payable within one year | 42/48 | €7,854 | €5,133 | -€2,721 | -34.6% |
| Trade debts | 44 | €1,505 | - | -€1,505 | |
| Suppliers | 440/4 | €1,505 | - | -€1,505 | |
| Taxes, remuneration and social security | 45 | €2,630 | €5,133 | +€2,503 | +95.1% |
| Taxes | 450/3 | €1,956 | €429 | -€1,527 | -78.1% |
| Remuneration and social security | 454/9 | €674 | €4,704 | +€4,030 | +598% |
| Other amounts payable | 47/48 | €3,718 | - | -€3,718 | |
| Remuneration, social security and pensions | 62 | €13,699 | -€395 | -€14,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310 | €310 | = | 0.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €3,607 | -€516 | -€4,122 | |
| Operating profit (loss) | 9901 | -€10,402 | -€574 | +€9,828 | +94.5% |
| Financial income | 75/76B | €93 | €186 | +€93 | +99.5% |
| Recurring financial income | 75 | €93 | €186 | +€93 | +99.5% |
| Financial charges | 65/66B | €56 | €71 | +€15 | +27.1% |
| Recurring financial charges | 65 | €56 | €71 | +€15 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,365 | -€460 | +€9,905 | +95.6% |
| Income taxes | 67/77 | €16 | €0 | -€16 | -99.3% |
| Profit (loss) for the period | 9904 | -€10,381 | -€460 | +€9,921 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,381 | -€460 | +€9,921 | +95.6% |
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 27 October 2026 via checked.be.