DS Trade: 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 Trade
Largest movements
- Receivables within one year -€6,872
down €6,872 (-31.1%), from €22,083 to €15,210
of which Trade receivables: -€6,483
- Stocks and contracts +€5,189
up €5,189 (+7.1%), from €73,063 to €78,252
- Deferred charges and accrued income -€3,638
down €3,638 (-34.4%), from €10,580 to €6,942
- Cash +€2,089
up €2,089 (+21.6%), from €9,691 to €11,779
mainly Receivables within one year (+€6,872) and Deferred charges and accrued income (+€3,638)
- Tangible fixed assets -€1,378
down €1,378 (-49.9%), from €2,763 to €1,385
of which Plant, machinery and equipment: -€1,378
- Profit (loss) carried forward -€9,227
down €9,227 (-50.6%), from €18,240 to €9,013
- Trade debts +€2,457
up €2,457 (+65.2%), from €3,770 to €6,227
- Tax, wage and social debts +€2,159
up €2,159 (+61.9%), from €3,488 to €5,647
of which Remuneration and social security: +€2,050
- Gross operating margin -€13,663
down €13,663 (-67.9%), from €20,130 to €6,467
- Financial charges +€5,657
up €5,657 (+901%), from €628 to €6,285
of which Non-recurring financial charges: +€3,758
- Write-downs -€4,314
down €4,314, from €0 to -€4,314
- Other operating charges +€4,173
up €4,173 (+48.7%), from €8,575 to €12,748
- Staff costs -€1,276
down €1,276 (-100%), from €1,276 to €0
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 | €118,329 | €113,718 | -€4,611 | -3.9% |
| Fixed assets | 21/28 | €2,913 | €1,535 | -€1,378 | -47.3% |
| Tangible fixed assets | 22/27 | €2,763 | €1,385 | -€1,378 | -49.9% |
| Plant, machinery and equipment | 23 | €2,763 | €1,385 | -€1,378 | -49.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €115,416 | €112,183 | -€3,233 | -2.8% |
| Stocks and contracts in progress | 3 | €73,063 | €78,252 | +€5,189 | +7.1% |
| Stocks | 30/36 | €73,063 | €78,252 | +€5,189 | +7.1% |
| Amounts receivable within one year | 40/41 | €22,083 | €15,210 | -€6,872 | -31.1% |
| Trade receivables | 40 | €16,954 | €10,471 | -€6,483 | -38.2% |
| Other amounts receivable | 41 | €5,129 | €4,739 | -€390 | -7.6% |
| Cash at bank and in hand | 54/58 | €9,691 | €11,779 | +€2,089 | +21.6% |
| Deferred charges and accrued income | 490/1 | €10,580 | €6,942 | -€3,638 | -34.4% |
| Total equity and liabilities | 10/49 | €118,329 | €113,718 | -€4,611 | -3.9% |
| Equity | 10/15 | €58,240 | €49,013 | -€9,227 | -15.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,240 | €9,013 | -€9,227 | -50.6% |
| Amounts payable | 17/49 | €60,089 | €64,705 | +€4,615 | +7.7% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,258 | €11,874 | +€4,615 | +63.6% |
| Trade debts | 44 | €3,770 | €6,227 | +€2,457 | +65.2% |
| Suppliers | 440/4 | €3,770 | €6,227 | +€2,457 | +65.2% |
| Taxes, remuneration and social security | 45 | €3,488 | €5,647 | +€2,159 | +61.9% |
| Taxes | 450/3 | €3,488 | €3,597 | +€109 | +3.1% |
| Remuneration and social security | 454/9 | €0 | €2,050 | +€2,050 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,831 | €2,831 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,276 | €0 | -€1,276 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,700 | €1,378 | -€322 | -18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€4,314 | -€4,314 | |
| Other operating charges | 640/8 | €8,575 | €12,748 | +€4,173 | +48.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €20,130 | €6,467 | -€13,663 | -67.9% |
| Operating profit (loss) | 9901 | €8,579 | -€3,345 | -€11,924 | |
| Financial income | 75/76B | €651 | €447 | -€205 | -31.4% |
| Recurring financial income | 75 | €651 | €447 | -€205 | -31.4% |
| Financial charges | 65/66B | €628 | €6,285 | +€5,657 | +901% |
| Recurring financial charges | 65 | €628 | €2,527 | +€1,899 | +302% |
| Non-recurring financial charges | 66B | €0 | €3,758 | +€3,758 | |
| Profit (loss) for the period before taxes | 9903 | €8,602 | -€9,183 | -€17,785 | |
| Income taxes | 67/77 | €720 | €122 | -€598 | -83.0% |
| Profit (loss) for the period | 9904 | €7,882 | -€9,306 | -€17,188 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,882 | -€9,306 | -€17,188 |
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.