DS VENTILATION: what changed
DS VENTILATION
Largest movements
- Cash +€47,554
up €47,554 (+777%), from €6,117 to €53,671
mainly Net result for the year (+€93,419) and Debts after one year (+€31,788)
- Tangible fixed assets +€42,399
up €42,399 (+659%), from €6,431 to €48,830
of which Leasing and similar rights: +€39,566
- Receivables within one year +€23,112
up €23,112 (+35.2%), from €65,620 to €88,733
of which Other amounts receivable: +€13,290
- Deferred charges and accrued income +€2,153
up €2,153 (+984%), from €219 to €2,371
- Reserves +€93,000
up €93,000 (+274%), from €34,000 to €127,000
- Debts after one year +€31,788
new in 2025: €31,788
- Other debts -€13,966
down €13,966 (-77.1%), from €18,104 to €4,138
- Current portion of long-term debt +€7,626
new in 2025: €7,626
- Tax, wage and social debts -€5,443
down €5,443 (-35.8%), from €15,211 to €9,768
of which Taxes: -€4,022
- Gross operating margin +€95,612
up €95,612 (+120%), from €79,723 to €175,335
- Staff costs +€15,495
up €15,495 (+46.4%), from €33,428 to €48,923
- Taxes +€14,980
up €14,980 (+168%), from €8,900 to €23,881
- Depreciation +€5,915
up €5,915 (+377%), from €1,569 to €7,484
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €78,387 | €193,605 | +€115,218 | +147% |
| Fixed assets | 21/28 | €6,431 | €48,830 | +€42,399 | +659% |
| Tangible fixed assets | 22/27 | €6,431 | €48,830 | +€42,399 | +659% |
| Plant, machinery and equipment | 23 | €2,412 | €3,267 | +€856 | +35.5% |
| Furniture and vehicles | 24 | €4,019 | €5,997 | +€1,977 | +49.2% |
| Leasing and similar rights | 25 | - | €39,566 | +€39,566 | |
| Current assets | 29/58 | €71,956 | €144,775 | +€72,819 | +101% |
| Amounts receivable within one year | 40/41 | €65,620 | €88,733 | +€23,112 | +35.2% |
| Trade receivables | 40 | €62,988 | €72,811 | +€9,823 | +15.6% |
| Other amounts receivable | 41 | €2,632 | €15,922 | +€13,290 | +505% |
| Cash at bank and in hand | 54/58 | €6,117 | €53,671 | +€47,554 | +777% |
| Deferred charges and accrued income | 490/1 | €219 | €2,371 | +€2,153 | +984% |
| Total equity and liabilities | 10/49 | €78,387 | €193,605 | +€115,218 | +147% |
| Equity | 10/15 | €41,790 | €135,209 | +€93,419 | +224% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €34,000 | €127,000 | +€93,000 | +274% |
| Distributable reserves | 133 | €34,000 | €127,000 | +€93,000 | +274% |
| Profit (loss) carried forward | 14 | €290 | €709 | +€419 | +145% |
| Amounts payable | 17/49 | €36,597 | €58,396 | +€21,799 | +59.6% |
| Amounts payable after more than one year | 17 | - | €31,788 | +€31,788 | |
| Financial debts | 170/4 | - | €31,788 | +€31,788 | |
| Amounts payable within one year | 42/48 | €36,597 | €26,608 | -€9,989 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,626 | +€7,626 | |
| Trade debts | 44 | €3,283 | €5,075 | +€1,792 | +54.6% |
| Suppliers | 440/4 | €3,283 | €5,075 | +€1,792 | +54.6% |
| Taxes, remuneration and social security | 45 | €15,211 | €9,768 | -€5,443 | -35.8% |
| Taxes | 450/3 | €8,029 | €4,007 | -€4,022 | -50.1% |
| Remuneration and social security | 454/9 | €7,182 | €5,761 | -€1,421 | -19.8% |
| Other amounts payable | 47/48 | €18,104 | €4,138 | -€13,966 | -77.1% |
| Remuneration, social security and pensions | 62 | €33,428 | €48,923 | +€15,495 | +46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,569 | €7,484 | +€5,915 | +377% |
| Other operating charges | 640/8 | €1,441 | €746 | -€695 | -48.2% |
| Gross operating margin | 9900 | €79,723 | €175,335 | +€95,612 | +120% |
| Operating profit (loss) | 9901 | €43,284 | €118,181 | +€74,897 | +173% |
| Financial income | 75/76B | €48 | €38 | -€10 | -20.2% |
| Recurring financial income | 75 | €48 | €38 | -€10 | -20.2% |
| Financial charges | 65/66B | €142 | €920 | +€778 | +548% |
| Recurring financial charges | 65 | €142 | €920 | +€778 | +548% |
| Profit (loss) for the period before taxes | 9903 | €43,190 | €117,300 | +€74,110 | +172% |
| Income taxes | 67/77 | €8,900 | €23,881 | +€14,980 | +168% |
| Profit (loss) for the period | 9904 | €34,290 | €93,419 | +€59,129 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €34,290 | €93,419 | +€59,129 | +172% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.