DS UNITS: 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 UNITS
NACE 43.240, Other construction installation
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€3.5m
31-12-2024 · €1.8m+€1.7m
Equity
€14.3m
31-12-2024 · €11.8m+€2.5m
Cash
€2.0m
31-12-2024 · €705,352+€1.3m
Balance sheet total
€17.2m
31-12-2024 · €14.2m+€3.1m
Largest movements
Assets
- Current investments +€3.0m
new in 2025: €3.0m
- Receivables within one year -€2.1m
down €2.1m (-31.7%), from €6.6m to €4.5m
of which Trade receivables: -€1.6m
- Cash +€1.3m
up €1.3m (+184%), from €705,352 to €2.0m
mainly Net result for the year (+€3.5m) and Receivables within one year (+€2.1m)
- Tangible fixed assets +€989,917
up €989,917 (+17.3%), from €5.7m to €6.7m
of which Plant, machinery and equipment: +€871,928
Equity and liabilities
- Reserves +€2.5m
up €2.5m (+21.3%), from €11.8m to €14.3m
of which Distributable reserves: +€1.5m
- Other debts +€951,519
up €951,519 (+894%), from €106,492 to €1.1m
- Trade debts -€360,348
down €360,348 (-40.3%), from €893,334 to €532,987
- Advances received -€331,108
down €331,108 (-42.7%), from €776,248 to €445,140
- Accrued charges and deferred income +€201,613
up €201,613 (+98.7%), from €204,269 to €405,882
Income statement
- Turnover +€2.5m
up €2.5m (+21.4%), from €11.8m to €14.4m
- Depreciation +€913,581
up €913,581 (+99.8%), from €915,510 to €1.8m
- Staff costs +€878,336
up €878,336 (+136%), from €643,798 to €1.5m
- Services and other goods +€749,474
up €749,474 (+98.8%), from €758,838 to €1.5m
- Taxes +€262,974
up €262,974 (+29.3%), from €898,302 to €1.2m
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
€1.8m
Turnover
+€2.5m
Other operating income
-€53,747
Goods and materials
+€234,324
Services and other goods
-€749,474
Staff costs
-€878,336
Depreciation
-€913,581
Write-downs
+€1,560
Other operating charges
-€1,935
Other operating items
+€829,559
Financial income
+€39,187
Financial charges
-€2,415
Taxes
-€262,974
Deferred taxes and other
+€968,300
Result 31-12-2025
€3.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€8.1m
Investment
-€5.8m
Financing
-€1.0m
Cash 31-12-2024
€705,352
From operations (derived)
+€8.1m
Net result for the year
+€3.5m
Depreciation
+€1.8m
Stocks and contracts
+€153,962
Receivables within one year
+€2.1m
Deferred charges and accrued income
-€58,824
Trade debts
-€360,348
Tax, wage and social debts
+€87,078
Advances received
-€331,108
Other debts
+€951,519
Accrued charges and deferred income
+€201,613
Investment (derived)
-€5.8m
Investment in fixed assets (net)
-€2.8m
Current investments
-€3.0m
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 31-12-2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,174,715 | €17,234,088 | +€3.1m | +21.6% |
| Fixed assets | 21/28 | €5,873,832 | €6,818,822 | +€944,989 | +16.1% |
| Intangible fixed assets | 21 | €2,750 | €1,766 | -€983 | -35.8% |
| Tangible fixed assets | 22/27 | €5,738,313 | €6,728,230 | +€989,917 | +17.3% |
| Plant, machinery and equipment | 23 | €5,034,493 | €5,906,421 | +€871,928 | +17.3% |
| Furniture and vehicles | 24 | €703,820 | €821,810 | +€117,989 | +16.8% |
| Financial fixed assets | 28 | €132,770 | €88,825 | -€43,945 | -33.1% |
| Other financial fixed assets | 284/8 | €132,770 | €88,825 | -€43,945 | -33.1% |
| Amounts receivable and cash guarantees | 285/8 | €132,770 | €88,825 | -€43,945 | -33.1% |
| Current assets | 29/58 | €8,300,882 | €10,415,266 | +€2.1m | +25.5% |
| Stocks and contracts in progress | 3 | €970,330 | €816,369 | -€153,962 | -15.9% |
| Stocks | 30/36 | €765,207 | €577,823 | -€187,384 | -24.5% |
| Raw materials and consumables | 30/31 | €765,207 | €577,823 | -€187,384 | -24.5% |
| Contracts in progress | 37 | €205,123 | €238,546 | +€33,422 | +16.3% |
| Amounts receivable within one year | 40/41 | €6,584,687 | €4,496,449 | -€2.1m | -31.7% |
| Trade receivables | 40 | €4,035,904 | €2,401,584 | -€1.6m | -40.5% |
| Other amounts receivable | 41 | €2,548,782 | €2,094,865 | -€453,918 | -17.8% |
| Current investments | 50/53 | - | €3,000,000 | +€3.0m | |
| Other investments | 51/53 | - | €3,000,000 | +€3.0m | |
| Cash at bank and in hand | 54/58 | €705,352 | €2,003,111 | +€1.3m | +184% |
| Deferred charges and accrued income | 490/1 | €40,513 | €99,337 | +€58,824 | +145% |
| Total equity and liabilities | 10/49 | €14,174,715 | €17,234,088 | +€3.1m | +21.6% |
| Equity | 10/15 | €11,784,972 | €14,295,591 | +€2.5m | +21.3% |
| Contributions | 10/11 | €19,380 | €19,380 | = | 0.0% |
| Reserves | 13 | €11,765,591 | €14,276,211 | +€2.5m | +21.3% |
| Non-distributable reserves | 130/1 | €1,318 | €1,318 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,318 | €1,318 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,656,310 | €2,654,080 | +€997,770 | +60.2% |
| Distributable reserves | 133 | €10,107,964 | €11,620,813 | +€1.5m | +15.0% |
| Amounts payable | 17/49 | €2,389,743 | €2,938,496 | +€548,754 | +23.0% |
| Amounts payable within one year | 42/48 | €2,185,474 | €2,532,615 | +€347,141 | +15.9% |
| Trade debts | 44 | €893,334 | €532,987 | -€360,348 | -40.3% |
| Suppliers | 440/4 | €893,334 | €532,987 | -€360,348 | -40.3% |
| Advances received on contracts in progress | 46 | €776,248 | €445,140 | -€331,108 | -42.7% |
| Taxes, remuneration and social security | 45 | €409,399 | €496,477 | +€87,078 | +21.3% |
| Taxes | 450/3 | €268,842 | €300,498 | +€31,656 | +11.8% |
| Remuneration and social security | 454/9 | €140,557 | €195,979 | +€55,421 | +39.4% |
| Other amounts payable | 47/48 | €106,492 | €1,058,011 | +€951,519 | +894% |
| Accrued charges and deferred income | 492/3 | €204,269 | €405,882 | +€201,613 | +98.7% |
| Operating income | 70/76A | €11,649,777 | €14,955,911 | +€3.3m | +28.4% |
| Turnover | 70 | €11,848,226 | €14,382,838 | +€2.5m | +21.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€549,421 | €33,422 | +€582,844 | |
| Own construction capitalised | 72 | €240,000 | €378,999 | +€138,999 | +57.9% |
| Other operating income | 74 | €99,745 | €45,998 | -€53,747 | -53.9% |
| Non-recurring operating income | 76A | €11,227 | €114,655 | +€103,427 | +921% |
| Operating charges | 60/66A | €8,032,874 | €10,336,026 | +€2.3m | +28.7% |
| Goods for resale, raw materials and consumables | 60 | €5,684,198 | €5,449,874 | -€234,324 | -4.1% |
| Purchases | 600/8 | €5,941,547 | €5,262,490 | -€679,057 | -11.4% |
| Change in stocks: decrease (increase) | 609 | -€257,348 | €187,384 | +€444,733 | |
| Services and other goods | 61 | €758,838 | €1,508,312 | +€749,474 | +98.8% |
| Remuneration, social security and pensions | 62 | €643,798 | €1,522,133 | +€878,336 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €915,510 | €1,829,091 | +€913,581 | +99.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,560 | - | -€1,560 | |
| Other operating charges | 640/8 | €23,422 | €25,357 | +€1,935 | +8.3% |
| Non-recurring operating charges | 66A | €5,548 | €1,259 | -€4,290 | -77.3% |
| Operating profit (loss) | 9901 | €3,616,903 | €4,619,885 | +€1.0m | +27.7% |
| Financial income | 75/76B | €18,500 | €57,687 | +€39,187 | +212% |
| Recurring financial income | 75 | €18,500 | €57,687 | +€39,187 | +212% |
| Income from current assets | 751 | - | €22,179 | +€22,179 | |
| Other financial income | 752/9 | €18,500 | €35,508 | +€17,008 | +91.9% |
| Financial charges | 65/66B | €3,262 | €5,677 | +€2,415 | +74.0% |
| Recurring financial charges | 65 | €3,262 | €3,932 | +€670 | +20.5% |
| Other financial charges | 652/9 | €3,262 | €3,932 | +€670 | +20.5% |
| Non-recurring financial charges | 66B | - | €1,745 | +€1,745 | |
| Profit (loss) for the period before taxes | 9903 | €3,632,141 | €4,671,896 | +€1.0m | +28.6% |
| Transfer to deferred taxes | 680 | €968,300 | - | -€968,300 | |
| Income taxes | 67/77 | €898,302 | €1,161,277 | +€262,974 | +29.3% |
| Taxes | 670/3 | €898,302 | €1,161,277 | +€262,974 | +29.3% |
| Profit (loss) for the period | 9904 | €1,765,538 | €3,510,619 | +€1.7m | +98.8% |
| Transfer to tax-exempt reserves | 689 | - | €997,770 | +€997,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,765,538 | €2,512,849 | +€747,311 | +42.3% |
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 14 October 2026 via checked.be.