DSA: 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.
DSA
Largest movements
- Cash -€11,167
down €11,167 (-7.7%), from €145,265 to €134,097
mainly Trade debts (-€17,102) and Receivables within one year (-€5,449)
- Tangible fixed assets -€6,974
down €6,974 (-4.9%), from €142,144 to €135,170
of which Land and buildings: -€8,233
- Receivables within one year +€5,449
up €5,449 (+152.8%), from €3,567 to €9,015
of which Other amounts receivable: +€6,636
- Reserves +€74,059
up €74,059 (+723.2%), from €10,241 to €84,300
of which Distributable reserves: +€74,059
- Profit (loss) carried forward -€68,974
down €68,974 (-96.6%), from €71,378 to €2,404
- Trade debts -€17,102
down €17,102 (-87.7%), from €19,508 to €2,406
- Gross operating margin -€11,697
down €11,697 (-36.1%), from €32,415 to €20,718
- Financial income +€2,482
up €2,482 (+633.2%), from €392 to €2,874
of which Financial income: +€2,482
- Financial charges -€1,112
down €1,112 (-19.0%), from €5,863 to €4,752
of which Non-recurring financial charges: -€1,112
- Depreciation +€377
up €377 (+3.9%), from €9,695 to €10,072
- Other operating charges -€377
down €377 (-15.0%), from €2,515 to €2,138
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 | €315,496 | €301,530 | -€13,966 | -4.4% |
| Fixed assets | 21/28 | €142,162 | €135,188 | -€6,974 | -4.9% |
| Tangible fixed assets | 22/27 | €142,144 | €135,170 | -€6,974 | -4.9% |
| Land and buildings | 22 | €138,240 | €130,007 | -€8,233 | -6.0% |
| Plant, machinery and equipment | 23 | €2,108 | €4,148 | +€2,040 | +96.7% |
| Furniture and vehicles | 24 | €1,795 | €1,014 | -€781 | -43.5% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €173,334 | €166,342 | -€6,992 | -4.0% |
| Stocks and contracts in progress | 3 | €23,034 | €20,111 | -€2,923 | -12.7% |
| Stocks | 30/36 | €23,034 | €20,111 | -€2,923 | -12.7% |
| Amounts receivable within one year | 40/41 | €3,567 | €9,015 | +€5,449 | +152.8% |
| Trade receivables | 40 | €3,508 | €2,320 | -€1,187 | -33.9% |
| Other amounts receivable | 41 | €59 | €6,695 | +€6,636 | +11264.5% |
| Cash at bank and in hand | 54/58 | €145,265 | €134,097 | -€11,167 | -7.7% |
| Deferred charges and accrued income | 490/1 | €1,469 | €3,119 | +€1,650 | +112.3% |
| Total equity and liabilities | 10/49 | €315,496 | €301,530 | -€13,966 | -4.4% |
| Equity | 10/15 | €174,618 | €179,704 | +€5,085 | +2.9% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Capital | 10 | €93,000 | €93,000 | = | 0.0% |
| Issued capital | 100 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €10,241 | €84,300 | +€74,059 | +723.2% |
| Non-distributable reserves | 130/1 | €9,300 | €9,300 | = | 0.0% |
| Legal reserve | 130 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €941 | €75,000 | +€74,059 | +7874.0% |
| Profit (loss) carried forward | 14 | €71,378 | €2,404 | -€68,974 | -96.6% |
| Amounts payable | 17/49 | €140,877 | €121,827 | -€19,051 | -13.5% |
| Amounts payable within one year | 42/48 | €140,877 | €121,827 | -€19,051 | -13.5% |
| Trade debts | 44 | €19,508 | €2,406 | -€17,102 | -87.7% |
| Suppliers | 440/4 | €19,508 | €2,406 | -€17,102 | -87.7% |
| Taxes, remuneration and social security | 45 | €3,188 | €1,426 | -€1,762 | -55.3% |
| Taxes | 450/3 | €1,363 | €1,426 | +€64 | +4.7% |
| Remuneration and social security | 454/9 | €1,826 | - | -€1,826 | |
| Other amounts payable | 47/48 | €118,180 | €117,994 | -€186 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,695 | €10,072 | +€377 | +3.9% |
| Other operating charges | 640/8 | €2,515 | €2,138 | -€377 | -15.0% |
| Gross operating margin | 9900 | €32,415 | €20,718 | -€11,697 | -36.1% |
| Operating profit (loss) | 9901 | €20,205 | €8,508 | -€11,697 | -57.9% |
| Financial income | 75/76B | €392 | €2,874 | +€2,482 | +633.2% |
| Recurring financial income | 75 | €392 | €2,874 | +€2,482 | +633.2% |
| Non-recurring financial income | 76B | €392 | - | -€392 | |
| Financial charges | 65/66B | €5,863 | €4,752 | -€1,112 | -19.0% |
| Recurring financial charges | 65 | €4,543 | €4,543 | = | 0.0% |
| Non-recurring financial charges | 66B | €1,320 | €209 | -€1,112 | -84.2% |
| Profit (loss) for the period before taxes | 9903 | €14,734 | €6,630 | -€8,104 | -55.0% |
| Income taxes | 67/77 | €1,784 | €1,545 | -€239 | -13.4% |
| Profit (loss) for the period | 9904 | €12,950 | €5,085 | -€7,865 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,950 | €5,085 | -€7,865 | -60.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.