DSA Finance: 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.
DSA Finance
Largest movements
- Receivables within one year +€16,256
up €16,256 (+1,795%), from €906 to €17,162
of which Other amounts receivable: +€13,797
- Intangible fixed assets -€9,000
down €9,000 (-11.1%), from €81,000 to €72,000
- Cash -€2,844
down €2,844 (-17.2%), from €16,536 to €13,692
mainly Other debts (-€16,265) and Receivables within one year (-€16,256)
- Profit (loss) carried forward +€21,479
up €21,479 (+1,965%), from €1,093 to €22,572
- Other debts -€16,265
no longer reported in 2025 (was €16,265)
- Current portion of long-term debt +€14,266
up €14,266 (+216%), from €6,611 to €20,877
- Trade debts -€7,952
down €7,952 (-60.1%), from €13,234 to €5,282
- Debts after one year -€6,884
down €6,884 (-19.1%), from €36,007 to €29,123
- Financial charges +€12,427
up €12,427 (+368%), from €3,375 to €15,802
- Gross operating margin +€12,050
up €12,050 (+31.3%), from €38,539 to €50,589
- Taxes -€4,523
down €4,523 (-64.4%), from €7,023 to €2,500
- Staff costs +€1,529
new in 2025: €1,529
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 | €100,197 | €105,340 | +€5,142 | +5.1% |
| Fixed assets | 21/28 | €81,655 | €72,420 | -€9,235 | -11.3% |
| Intangible fixed assets | 21 | €81,000 | €72,000 | -€9,000 | -11.1% |
| Tangible fixed assets | 22/27 | €655 | €420 | -€235 | -35.9% |
| Plant, machinery and equipment | 23 | €655 | €420 | -€235 | -35.9% |
| Current assets | 29/58 | €18,542 | €32,920 | +€14,377 | +77.5% |
| Amounts receivable within one year | 40/41 | €906 | €17,162 | +€16,256 | +1,795% |
| Trade receivables | 40 | €906 | €3,364 | +€2,459 | +272% |
| Other amounts receivable | 41 | - | €13,797 | +€13,797 | |
| Cash at bank and in hand | 54/58 | €16,536 | €13,692 | -€2,844 | -17.2% |
| Deferred charges and accrued income | 490/1 | €1,101 | €2,066 | +€965 | +87.7% |
| Total equity and liabilities | 10/49 | €100,197 | €105,340 | +€5,142 | +5.1% |
| Equity | 10/15 | €21,093 | €42,572 | +€21,479 | +102% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,093 | €22,572 | +€21,479 | +1,965% |
| Amounts payable | 17/49 | €79,104 | €62,767 | -€16,337 | -20.7% |
| Amounts payable after more than one year | 17 | €36,007 | €29,123 | -€6,884 | -19.1% |
| Financial debts | 170/4 | €36,007 | €29,123 | -€6,884 | -19.1% |
| Amounts payable within one year | 42/48 | €43,098 | €33,645 | -€9,453 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €6,611 | €20,877 | +€14,266 | +216% |
| Trade debts | 44 | €13,234 | €5,282 | -€7,952 | -60.1% |
| Suppliers | 440/4 | €13,234 | €5,282 | -€7,952 | -60.1% |
| Taxes, remuneration and social security | 45 | €6,987 | €7,485 | +€498 | +7.1% |
| Taxes | 450/3 | €6,987 | €6,987 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €498 | +€498 | |
| Other amounts payable | 47/48 | €16,265 | - | -€16,265 | |
| Remuneration, social security and pensions | 62 | - | €1,529 | +€1,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,050 | €9,235 | +€185 | +2.0% |
| Other operating charges | 640/8 | €44 | €44 | = | 0.0% |
| Gross operating margin | 9900 | €38,539 | €50,589 | +€12,050 | +31.3% |
| Operating profit (loss) | 9901 | €29,445 | €39,781 | +€10,336 | +35.1% |
| Financial income | 75/76B | €46 | - | -€46 | |
| Recurring financial income | 75 | €46 | - | -€46 | |
| Financial charges | 65/66B | €3,375 | €15,802 | +€12,427 | +368% |
| Recurring financial charges | 65 | €3,375 | €15,802 | +€12,427 | +368% |
| Profit (loss) for the period before taxes | 9903 | €26,116 | €23,979 | -€2,137 | -8.2% |
| Income taxes | 67/77 | €7,023 | €2,500 | -€4,523 | -64.4% |
| Profit (loss) for the period | 9904 | €19,093 | €21,479 | +€2,386 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,093 | €21,479 | +€2,386 | +12.5% |
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 24 October 2026 via checked.be.