DS3: 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.
DS3
Largest movements
- Tangible fixed assets +€116,768
up €116,768 (+46.4%), from €251,835 to €368,603
of which Land and buildings: +€66,117
- Current investments -€72,056
no longer reported in 2025 (was €72,056)
- Cash +€4,032
new in 2025: €4,032
mainly Current investments (+€72,056) and Other debts (+€34,040)
- Other debts +€34,040
up €34,040 (+21.7%), from €157,072 to €191,112
- Reserves +€13,158
up €13,158 (+34.9%), from €37,711 to €50,869
of which Distributable reserves: +€13,158
- Gross operating margin +€59,796
up €59,796, from -€10,947 to €48,849
- Depreciation +€15,533
up €15,533 (+391.4%), from €3,968 to €19,501
- Other operating charges +€2,011
up €2,011 (+14.3%), from €14,107 to €16,118
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,891 | €374,837 | +€50,945 | +15.7% |
| Fixed assets | 21/28 | €251,835 | €368,603 | +€116,768 | +46.4% |
| Tangible fixed assets | 22/27 | €251,835 | €368,603 | +€116,768 | +46.4% |
| Land and buildings | 22 | €230,562 | €296,679 | +€66,117 | +28.7% |
| Plant, machinery and equipment | 23 | - | €43,485 | +€43,485 | |
| Furniture and vehicles | 24 | €21,273 | €28,438 | +€7,165 | +33.7% |
| Current assets | 29/58 | €72,056 | €6,233 | -€65,823 | -91.3% |
| Current investments | 50/53 | €72,056 | - | -€72,056 | |
| Cash at bank and in hand | 54/58 | - | €4,032 | +€4,032 | |
| Deferred charges and accrued income | 490/1 | - | €2,201 | +€2,201 | |
| Total equity and liabilities | 10/49 | €323,891 | €374,837 | +€50,945 | +15.7% |
| Equity | 10/15 | €157,711 | €170,869 | +€13,158 | +8.3% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €37,711 | €50,869 | +€13,158 | +34.9% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €25,711 | €38,869 | +€13,158 | +51.2% |
| Amounts payable | 17/49 | €166,180 | €203,968 | +€37,788 | +22.7% |
| Amounts payable within one year | 42/48 | €166,180 | €203,968 | +€37,788 | +22.7% |
| Trade debts | 44 | €9,108 | €10,054 | +€946 | +10.4% |
| Suppliers | 440/4 | €9,108 | €10,054 | +€946 | +10.4% |
| Taxes, remuneration and social security | 45 | - | €2,802 | +€2,802 | |
| Remuneration and social security | 454/9 | - | €2,802 | +€2,802 | |
| Other amounts payable | 47/48 | €157,072 | €191,112 | +€34,040 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,968 | €19,501 | +€15,533 | +391.4% |
| Other operating charges | 640/8 | €14,107 | €16,118 | +€2,011 | +14.3% |
| Gross operating margin | 9900 | -€10,947 | €48,849 | +€59,796 | |
| Operating profit (loss) | 9901 | -€29,022 | €13,230 | +€42,253 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €18 | €74 | +€56 | +318.1% |
| Recurring financial charges | 65 | €18 | €74 | +€56 | +318.1% |
| Profit (loss) for the period before taxes | 9903 | -€29,040 | €13,158 | +€42,198 | |
| Profit (loss) for the period | 9904 | -€29,040 | €13,158 | +€42,198 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,040 | €13,158 | +€42,198 |
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 7 October 2026 via checked.be.