DS TEXTILE GROUP: 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.
What changed
DS TEXTILE GROUP
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€326,712
2024 · -€1.0m+€1.3m
Equity
€30.0m
2024 · €29.7m+€326,712
Cash
€61,732
2024 · €90,780-€29,048
Balance sheet total
€40.1m
2024 · €40.2m-€29,283
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Short-term financial debts -€1.5m
down €1.5m (-22.1%), from €6.8m to €5.3m
of which Other loans: -€4.8m
- Debts after one year +€1.3m
up €1.3m (+90.0%), from €1.4m to €2.7m
- Profit (loss) carried forward +€443,700
up €443,700 (+3.5%), from €12.8m to €13.3m
Income statement
- Financial charges -€2.2m
down €2.2m (-87.9%), from €2.5m to €302,724
of which Non-recurring financial charges: -€2.0m
- Taxes -€337,980
down €337,980 (-78.4%), from €430,842 to €92,863
of which Taxes: -€330,337
- Services and other goods -€271,721
down €271,721 (-16.1%), from €1.7m to €1.4m
- Turnover -€204,571
down €204,571 (-7.0%), from €2.9m to €2.7m
- Other operating income +€115,327
up €115,327 (+34.5%), from €334,046 to €449,373
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
-€1.0m
Turnover
-€204,571
Other operating income
+€115,327
Services and other goods
+€271,721
Staff costs
+€26,611
Depreciation
-€26,155
Other operating charges
+€19,091
Other operating items
-€2.2m
Financial income
+€76,738
Financial charges
+€2.2m
Taxes
+€337,980
Deferred taxes and other
+€693,022
Result 2025
€326,712
Cash bridge derived
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
+€841,791
Investment
-€549,514
Financing
-€321,326
Cash 2024
€90,780
From operations (derived)
+€841,791
Net result for the year
+€326,712
Depreciation
+€596,400
Receivables within one year
-€17,489
Deferred charges and accrued income
-€29,164
Provisions
-€84,441
Trade debts
+€29,396
Tax, wage and social debts
+€20,376
Investment (derived)
-€549,514
Investment in fixed assets (net)
-€549,514
Financing
-€321,326
Debts after one year
+€1.3m
Current portion of long-term debt
-€92,978
Short-term financial debts
-€1.5m
Cash 2025
€61,732
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,168,517 | €40,139,234 | -€29,283 | -0.1% |
| Fixed assets | 21/28 | €35,841,730 | €35,794,843 | -€46,887 | -0.1% |
| Intangible fixed assets | 21 | €10,347 | €4,468 | -€5,879 | -56.8% |
| Tangible fixed assets | 22/27 | €9,331,362 | €9,290,354 | -€41,008 | -0.4% |
| Land and buildings | 22 | €6,763,291 | €6,706,505 | -€56,786 | -0.8% |
| Plant, machinery and equipment | 23 | €1,527,937 | €1,571,400 | +€43,462 | +2.8% |
| Furniture and vehicles | 24 | €40,133 | €12,449 | -€27,684 | -69.0% |
| Assets under construction and advance payments | 27 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €26,500,021 | €26,500,021 | = | 0.0% |
| Affiliated companies | 280/1 | €26,441,716 | €26,441,716 | = | 0.0% |
| Participating interests | 280 | €26,441,716 | €26,441,716 | = | 0.0% |
| Other financial fixed assets | 284/8 | €58,305 | €58,305 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €58,305 | €58,305 | = | 0.0% |
| Current assets | 29/58 | €4,326,788 | €4,344,392 | +€17,604 | +0.4% |
| Amounts receivable within one year | 40/41 | €4,223,512 | €4,241,001 | +€17,489 | +0.4% |
| Trade receivables | 40 | €5,628 | €80,832 | +€75,204 | +1336.2% |
| Other amounts receivable | 41 | €4,217,884 | €4,160,169 | -€57,715 | -1.4% |
| Cash at bank and in hand | 54/58 | €90,780 | €61,732 | -€29,048 | -32.0% |
| Deferred charges and accrued income | 490/1 | €12,495 | €41,658 | +€29,164 | +233.4% |
| Total equity and liabilities | 10/49 | €40,168,517 | €40,139,234 | -€29,283 | -0.1% |
| Equity | 10/15 | €29,715,359 | €30,042,071 | +€326,712 | +1.1% |
| Contributions | 10/11 | €13,092,000 | €13,092,000 | = | 0.0% |
| Capital | 10 | €13,092,000 | €13,092,000 | = | 0.0% |
| Issued capital | 100 | €13,092,000 | €13,092,000 | = | 0.0% |
| Revaluation surpluses | 12 | €358,807 | €358,807 | = | 0.0% |
| Reserves | 13 | €3,439,812 | €3,322,824 | -€116,988 | -3.4% |
| Non-distributable reserves | 130/1 | €1,459,200 | €1,459,200 | = | 0.0% |
| Legal reserve | 130 | €1,459,200 | €1,459,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,980,612 | €1,863,624 | -€116,988 | -5.9% |
| Profit (loss) carried forward | 14 | €12,824,740 | €13,268,440 | +€443,700 | +3.5% |
| Provisions and deferred taxes | 16 | €758,967 | €674,527 | -€84,441 | -11.1% |
| Deferred taxes | 168 | €758,967 | €674,527 | -€84,441 | -11.1% |
| Amounts payable | 17/49 | €9,694,191 | €9,422,637 | -€271,554 | -2.8% |
| Amounts payable after more than one year | 17 | €1,418,419 | €2,694,755 | +€1.3m | +90.0% |
| Financial debts | 170/4 | €1,418,419 | €2,694,755 | +€1.3m | +90.0% |
| Subordinated loans | 170 | €1,023,614 | €1,023,614 | = | 0.0% |
| Credit institutions | 173 | €394,805 | €1,671,141 | +€1.3m | +323.3% |
| Amounts payable within one year | 42/48 | €8,275,772 | €6,727,882 | -€1.5m | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €816,643 | €723,664 | -€92,978 | -11.4% |
| Financial debts | 43 | €6,821,737 | €5,317,054 | -€1.5m | -22.1% |
| Credit institutions | 430/8 | €1,982,099 | €5,317,054 | +€3.3m | +168.3% |
| Other loans | 439 | €4,839,639 | - | -€4.8m | |
| Trade debts | 44 | €283,920 | €313,316 | +€29,396 | +10.4% |
| Suppliers | 440/4 | €283,920 | €313,316 | +€29,396 | +10.4% |
| Taxes, remuneration and social security | 45 | €353,472 | €373,848 | +€20,376 | +5.8% |
| Taxes | 450/3 | €265,878 | €282,578 | +€16,700 | +6.3% |
| Remuneration and social security | 454/9 | €87,594 | €91,270 | +€3,676 | +4.2% |
| Operating income | 70/76A | €5,855,016 | €3,179,255 | -€2.7m | -45.7% |
| Turnover | 70 | €2,929,303 | €2,724,732 | -€204,571 | -7.0% |
| Other operating income | 74 | €334,046 | €449,373 | +€115,327 | +34.5% |
| Non-recurring operating income | 76A | €2,591,667 | €5,150 | -€2.6m | -99.8% |
| Operating charges | 60/66A | €3,611,327 | €2,915,253 | -€696,073 | -19.3% |
| Services and other goods | 61 | €1,682,679 | €1,410,958 | -€271,721 | -16.1% |
| Remuneration, social security and pensions | 62 | €719,196 | €692,585 | -€26,611 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €570,245 | €596,400 | +€26,155 | +4.6% |
| Other operating charges | 640/8 | €234,401 | €215,310 | -€19,091 | -8.1% |
| Non-recurring operating charges | 66A | €404,806 | - | -€404,806 | |
| Operating profit (loss) | 9901 | €2,243,689 | €264,002 | -€2.0m | -88.2% |
| Financial income | 75/76B | €297,119 | €373,857 | +€76,738 | +25.8% |
| Recurring financial income | 75 | €297,119 | €373,857 | +€76,738 | +25.8% |
| Income from financial fixed assets | 750 | €100,000 | €220,000 | +€120,000 | +120.0% |
| Income from current assets | 751 | €196,222 | €152,469 | -€43,753 | -22.3% |
| Other financial income | 752/9 | €897 | €1,388 | +€491 | +54.7% |
| Financial charges | 65/66B | €2,506,654 | €302,724 | -€2.2m | -87.9% |
| Recurring financial charges | 65 | €506,654 | €302,724 | -€203,930 | -40.3% |
| Debt charges | 650 | €496,715 | €288,596 | -€208,119 | -41.9% |
| Other financial charges | 652/9 | €9,939 | €14,128 | +€4,189 | +42.1% |
| Non-recurring financial charges | 66B | €2,000,000 | - | -€2.0m | |
| Profit (loss) for the period before taxes | 9903 | €34,154 | €335,134 | +€300,980 | +881.2% |
| Transfer from deferred taxes | 780 | €73,633 | €84,441 | +€10,808 | +14.7% |
| Transfer to deferred taxes | 680 | €682,215 | - | -€682,215 | |
| Income taxes | 67/77 | €430,842 | €92,863 | -€337,980 | -78.4% |
| Taxes | 670/3 | €430,842 | €100,506 | -€330,337 | -76.7% |
| Tax adjustments and reversals of tax provisions | 77 | - | €7,643 | +€7,643 | |
| Profit (loss) for the period | 9904 | -€1,005,270 | €326,712 | +€1.3m | |
| Transfer from tax-exempt reserves | 789 | €66,032 | €116,988 | +€50,955 | +77.2% |
| Transfer to tax-exempt reserves | 689 | €2,046,644 | - | -€2.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,985,882 | €443,700 | +€3.4m |
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 8 October 2026 via checked.be.