DS WORKS: 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 WORKS
Largest movements
- Receivables within one year +€24,811
up €24,811 (+158%), from €15,693 to €40,503
of which Trade receivables: +€12,684
- Cash -€23,639
down €23,639 (-48.2%), from €49,009 to €25,370
mainly Receivables within one year (-€24,811) and Investment in fixed assets (net) (-€10,042)
- Tangible fixed assets +€7,647
up €7,647 (+241%), from €3,178 to €10,825
of which Land and buildings: +€9,829
- Stocks and contracts -€2,660
down €2,660 (-44.3%), from €6,002 to €3,342
- Deferred charges and accrued income +€2,367
up €2,367 (+241%), from €980 to €3,347
- Reserves +€20,935
up €20,935 (+47.1%), from €44,432 to €65,368
- Tax, wage and social debts -€5,802
down €5,802 (-42.2%), from €13,744 to €7,942
of which Taxes: -€3,802
- Trade debts -€5,382
down €5,382 (-43.2%), from €12,460 to €7,077
- Other debts -€1,130
no longer reported in 2025 (was €1,130)
- Taxes +€4,013
up €4,013 (+95.1%), from €4,222 to €8,235
- Write-downs -€2,784
no longer reported in 2025 (was €2,784)
- Gross operating margin -€640
down €640 (-1.9%), from €34,101 to €33,461
- Depreciation -€357
down €357 (-13.0%), from €2,752 to €2,394
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 | €74,861 | €83,387 | +€8,526 | +11.4% |
| Fixed assets | 21/28 | €3,178 | €10,825 | +€7,647 | +241% |
| Tangible fixed assets | 22/27 | €3,178 | €10,825 | +€7,647 | +241% |
| Land and buildings | 22 | - | €9,829 | +€9,829 | |
| Plant, machinery and equipment | 23 | €2,201 | €996 | -€1,204 | -54.7% |
| Furniture and vehicles | 24 | €977 | - | -€977 | |
| Current assets | 29/58 | €71,683 | €72,562 | +€879 | +1.2% |
| Stocks and contracts in progress | 3 | €6,002 | €3,342 | -€2,660 | -44.3% |
| Stocks | 30/36 | €6,002 | €3,342 | -€2,660 | -44.3% |
| Amounts receivable within one year | 40/41 | €15,693 | €40,503 | +€24,811 | +158% |
| Trade receivables | 40 | €15,693 | €28,377 | +€12,684 | +80.8% |
| Other amounts receivable | 41 | - | €12,127 | +€12,127 | |
| Cash at bank and in hand | 54/58 | €49,009 | €25,370 | -€23,639 | -48.2% |
| Deferred charges and accrued income | 490/1 | €980 | €3,347 | +€2,367 | +241% |
| Total equity and liabilities | 10/49 | €74,861 | €83,387 | +€8,526 | +11.4% |
| Equity | 10/15 | €47,432 | €68,368 | +€20,935 | +44.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €44,432 | €65,368 | +€20,935 | +47.1% |
| Distributable reserves | 133 | €44,432 | €65,368 | +€20,935 | +47.1% |
| Amounts payable | 17/49 | €27,429 | €15,019 | -€12,409 | -45.2% |
| Amounts payable within one year | 42/48 | €27,333 | €15,019 | -€12,314 | -45.1% |
| Trade debts | 44 | €12,460 | €7,077 | -€5,382 | -43.2% |
| Suppliers | 440/4 | €12,460 | €7,077 | -€5,382 | -43.2% |
| Taxes, remuneration and social security | 45 | €13,744 | €7,942 | -€5,802 | -42.2% |
| Taxes | 450/3 | €11,744 | €7,942 | -€3,802 | -32.4% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €1,130 | - | -€1,130 | |
| Accrued charges and deferred income | 492/3 | €95 | - | -€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,752 | €2,394 | -€357 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,784 | - | -€2,784 | |
| Other operating charges | 640/8 | €906 | €795 | -€111 | -12.2% |
| Gross operating margin | 9900 | €34,101 | €33,461 | -€640 | -1.9% |
| Operating profit (loss) | 9901 | €27,660 | €30,272 | +€2,612 | +9.4% |
| Financial income | 75/76B | €22 | €34 | +€13 | +60.2% |
| Recurring financial income | 75 | €22 | €34 | +€13 | +60.2% |
| Financial charges | 65/66B | €1,292 | €1,136 | -€156 | -12.1% |
| Recurring financial charges | 65 | €1,292 | €1,136 | -€156 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €26,389 | €29,170 | +€2,781 | +10.5% |
| Income taxes | 67/77 | €4,222 | €8,235 | +€4,013 | +95.1% |
| Profit (loss) for the period | 9904 | €22,168 | €20,935 | -€1,232 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,168 | €20,935 | -€1,232 | -5.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.