DSA HOLDING: what changed
What changed
DSA HOLDING
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€829,610
2024 · €1.4m-€608,756
Equity
€15.7m
2024 · €15.7m
Cash
€113,365
2024 · €393,812-€280,447
Balance sheet total
€27.1m
2024 · €30.6m-€3.4m
Largest movements
Assets
- Receivables within one year -€3.2m
down €3.2m (-99.0%), from €3.2m to €31,470
Equity and liabilities
- Debts after one year -€12.2m
down €12.2m (-100%), from €12.2m to €0
- Other debts +€8.5m
up €8.5m (+1,939,221%), from €440 to €8.5m
- Short-term financial debts +€2.7m
up €2.7m (+1,737%), from €153,574 to €2.8m
- Current portion of long-term debt -€2.0m
down €2.0m (-100%), from €2.0m to €0
Income statement
- Gross operating margin -€2.7m
no longer reported in 2025 (was €2.7m)
- Turnover +€1.8m
new in 2025: €1.8m
- Financial income +€303,348
up €303,348 (+582%), from €52,125 to €355,473
- Services and other goods +€248,040
new in 2025: €248,040
- Taxes -€221,660
down €221,660 (-48.0%), from €462,081 to €240,420
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.
Result 2024
€1.4m
Turnover
+€1.8m
Services and other goods
-€248,040
Other operating charges
-€81
Other operating items
-€2.7m
Financial income
+€303,348
Financial charges
+€55,186
Taxes
+€221,660
Result 2025
€829,610
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€12.0m
Investment
€0
Financing
-€12.3m
Cash 2024
€393,812
From operations (derived)
+€12.0m
Net result for the year
+€829,610
Receivables within one year
+€3.2m
Trade debts
-€28,975
Tax, wage and social debts
-€47,299
Advances received
-€302,500
Other debts
+€8.5m
Accrued charges and deferred income
-€109,643
Financing
-€12.3m
Debts after one year
-€12.2m
Current portion of long-term debt
-€2.0m
Short-term financial debts
+€2.7m
Contributions, distributions and other
-€829,610
Cash 2025
€113,365
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,554,801 | €27,110,667 | -€3.4m | -11.3% |
| Fixed assets | 21/28 | €26,965,832 | €26,965,832 | = | 0.0% |
| Financial fixed assets | 28 | €26,965,832 | €26,965,832 | = | 0.0% |
| Affiliated companies | 280/1 | - | €26,965,832 | +€27.0m | |
| Participating interests | 280 | - | €26,965,832 | +€27.0m | |
| Current assets | 29/58 | €3,588,969 | €144,835 | -€3.4m | -96.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,195,157 | €31,470 | -€3.2m | -99.0% |
| Other amounts receivable | 41 | €3,195,157 | €31,470 | -€3.2m | -99.0% |
| Cash at bank and in hand | 54/58 | €393,812 | €113,365 | -€280,447 | -71.2% |
| Total equity and liabilities | 10/49 | €30,554,801 | €27,110,667 | -€3.4m | -11.3% |
| Equity | 10/15 | €15,691,757 | €15,691,757 | = | 0.0% |
| Contributions | 10/11 | €6,632,500 | €6,632,500 | = | 0.0% |
| Reserves | 13 | €9,059,257 | €9,059,257 | = | 0.0% |
| Distributable reserves | 133 | €9,059,257 | €9,059,257 | = | 0.0% |
| Amounts payable | 17/49 | €14,863,044 | €11,418,910 | -€3.4m | -23.2% |
| Amounts payable after more than one year | 17 | €12,160,278 | €0 | -€12.2m | -100% |
| Financial debts | 170/4 | €12,160,278 | €0 | -€12.2m | -100% |
| Subordinated loans | 170 | - | €0 | = | |
| Credit institutions | 173 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €2,531,963 | €11,357,750 | +€8.8m | +349% |
| Current portion of amounts payable after more than one year | 42 | €1,986,111 | €0 | -€2.0m | -100% |
| Financial debts | 43 | €153,574 | €2,821,372 | +€2.7m | +1,737% |
| Credit institutions | 430/8 | €153,574 | €2,821,372 | +€2.7m | +1,737% |
| Trade debts | 44 | €29,958 | €983 | -€28,975 | -96.7% |
| Suppliers | 440/4 | €29,958 | €983 | -€28,975 | -96.7% |
| Advances received on contracts in progress | 46 | €302,500 | €0 | -€302,500 | -100% |
| Taxes, remuneration and social security | 45 | €59,380 | €12,081 | -€47,299 | -79.7% |
| Taxes | 450/3 | €59,380 | €12,081 | -€47,299 | -79.7% |
| Other amounts payable | 47/48 | €440 | €8,523,314 | +€8.5m | +1,939,221% |
| Accrued charges and deferred income | 492/3 | €170,803 | €61,160 | -€109,643 | -64.2% |
| Operating income | 70/76A | - | €1,750,000 | +€1.8m | |
| Turnover | 70 | - | €1,750,000 | +€1.8m | |
| Operating charges | 60/66A | - | €249,150 | +€249,150 | |
| Services and other goods | 61 | - | €248,040 | +€248,040 | |
| Other operating charges | 640/8 | €1,030 | €1,110 | +€81 | +7.9% |
| Gross operating margin | 9900 | €2,690,829 | - | -€2.7m | |
| Operating profit (loss) | 9901 | €2,689,800 | €1,500,850 | -€1.2m | -44.2% |
| Financial income | 75/76B | €52,125 | €355,473 | +€303,348 | +582% |
| Recurring financial income | 75 | €52,125 | €355,473 | +€303,348 | +582% |
| Income from current assets | 751 | - | €355,472 | +€355,472 | |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €841,478 | €786,292 | -€55,186 | -6.6% |
| Recurring financial charges | 65 | €841,478 | €786,292 | -€55,186 | -6.6% |
| Debt charges | 650 | - | €781,534 | +€781,534 | |
| Other financial charges | 652/9 | - | €4,758 | +€4,758 | |
| Profit (loss) for the period before taxes | 9903 | €1,900,447 | €1,070,031 | -€830,416 | -43.7% |
| Income taxes | 67/77 | €462,081 | €240,420 | -€221,660 | -48.0% |
| Taxes | 670/3 | - | €240,420 | +€240,420 | |
| Profit (loss) for the period | 9904 | €1,438,366 | €829,610 | -€608,756 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,438,366 | €829,610 | -€608,756 | -42.3% |
Next steps
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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 5 November 2026 via checked.be.