DSales: 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.
DSales
Largest movements
- Financial fixed assets -€55,497
down €55,497 (-16.7%), from €332,984 to €277,487
- Cash -€21,291
down €21,291 (-68.9%), from €30,921 to €9,630
mainly Debts after one year (-€225,000) and Net result for the year (-€36,984)
- Receivables within one year -€20,202
no longer reported in 2025 (was €20,202)
of which Trade receivables: -€19,320
- Debts after one year -€225,000
no longer reported in 2025 (was €225,000)
of which Financial debts: -€175,000
- Other debts +€183,652
up €183,652 (+1,949%), from €9,423 to €193,074
- Reserves -€36,984
down €36,984 (-37.5%), from €98,719 to €61,735
- Advances received -€23,377
no longer reported in 2025 (was €23,377)
- Gross operating margin -€30,143
down €30,143, from €29,331 to -€812
- Financial charges +€20,845
up €20,845 (+170%), from €12,291 to €33,136
of which Non-recurring financial charges: +€23,157
- Taxes -€3,880
down €3,880 (-93.6%), from €4,145 to €266
- Depreciation -€1,120
down €1,120 (-50.7%), from €2,211 to €1,091
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 | €391,271 | €291,069 | -€100,202 | -25.6% |
| Fixed assets | 21/28 | €336,259 | €277,815 | -€58,444 | -17.4% |
| Tangible fixed assets | 22/27 | €3,275 | €328 | -€2,947 | -90.0% |
| Plant, machinery and equipment | 23 | €427 | - | -€427 | |
| Furniture and vehicles | 24 | €2,848 | €328 | -€2,519 | -88.5% |
| Financial fixed assets | 28 | €332,984 | €277,487 | -€55,497 | -16.7% |
| Current assets | 29/58 | €55,012 | €13,254 | -€41,758 | -75.9% |
| Amounts receivable within one year | 40/41 | €20,202 | - | -€20,202 | |
| Trade receivables | 40 | €19,320 | - | -€19,320 | |
| Other amounts receivable | 41 | €882 | - | -€882 | |
| Cash at bank and in hand | 54/58 | €30,921 | €9,630 | -€21,291 | -68.9% |
| Deferred charges and accrued income | 490/1 | €3,888 | €3,624 | -€265 | -6.8% |
| Total equity and liabilities | 10/49 | €391,271 | €291,069 | -€100,202 | -25.6% |
| Equity | 10/15 | €117,319 | €80,335 | -€36,984 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,719 | €61,735 | -€36,984 | -37.5% |
| Distributable reserves | 133 | €98,719 | €61,735 | -€36,984 | -37.5% |
| Amounts payable | 17/49 | €273,952 | €210,733 | -€63,218 | -23.1% |
| Amounts payable after more than one year | 17 | €225,000 | - | -€225,000 | |
| Financial debts | 170/4 | €175,000 | - | -€175,000 | |
| Other amounts payable | 178/9 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €48,952 | €210,236 | +€161,285 | +329% |
| Trade debts | 44 | €11,995 | €9,781 | -€2,214 | -18.5% |
| Suppliers | 440/4 | €11,995 | €9,781 | -€2,214 | -18.5% |
| Advances received on contracts in progress | 46 | €23,377 | - | -€23,377 | |
| Taxes, remuneration and social security | 45 | €4,157 | €7,380 | +€3,224 | +77.6% |
| Taxes | 450/3 | €4,157 | €7,380 | +€3,224 | +77.6% |
| Other amounts payable | 47/48 | €9,423 | €193,074 | +€183,652 | +1,949% |
| Accrued charges and deferred income | 492/3 | - | €497 | +€497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,211 | €1,091 | -€1,120 | -50.7% |
| Other operating charges | 640/8 | €1,098 | €1,063 | -€35 | -3.2% |
| Non-recurring operating charges | 66A | - | €616 | +€616 | |
| Gross operating margin | 9900 | €29,331 | -€812 | -€30,143 | |
| Operating profit (loss) | 9901 | €26,022 | -€3,582 | -€29,604 | |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €12,291 | €33,136 | +€20,845 | +170% |
| Recurring financial charges | 65 | €12,291 | €9,979 | -€2,313 | -18.8% |
| Non-recurring financial charges | 66B | - | €23,157 | +€23,157 | |
| Profit (loss) for the period before taxes | 9903 | €13,761 | -€36,718 | -€50,479 | |
| Income taxes | 67/77 | €4,145 | €266 | -€3,880 | -93.6% |
| Profit (loss) for the period | 9904 | €9,615 | -€36,984 | -€46,599 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,615 | -€36,984 | -€46,599 |
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 15 October 2026 via checked.be.