DSD CONCEPT: 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.
DSD CONCEPT
Largest movements
- Cash -€9,601
down €9,601 (-90.8%), from €10,568 to €968
mainly Trade debts (-€21,483) and Investment in fixed assets (net) (-€978)
- Receivables within one year -€4,618
down €4,618 (-5.2%), from €89,257 to €84,639
of which Trade receivables: -€8,105
- Stocks and contracts -€2,670
down €2,670 (-50.6%), from €5,280 to €2,610
- Tangible fixed assets -€1,798
down €1,798 (-25.8%), from €6,979 to €5,182
of which Furniture and vehicles: -€1,093
- Trade debts -€21,483
down €21,483 (-95.3%), from €22,546 to €1,063
- Profit (loss) carried forward +€2,580
up €2,580 (+4.4%), from €58,458 to €61,039
- Gross operating margin -€3,344
down €3,344 (-28.6%), from €11,701 to €8,357
- Depreciation +€1,842
up €1,842 (+197.3%), from €934 to €2,775
- Taxes -€477
down €477 (-22.9%), from €2,083 to €1,606
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 | €112,814 | €93,693 | -€19,121 | -16.9% |
| Fixed assets | 21/28 | €6,979 | €5,182 | -€1,798 | -25.8% |
| Tangible fixed assets | 22/27 | €6,979 | €5,182 | -€1,798 | -25.8% |
| Plant, machinery and equipment | 23 | €1,879 | €1,174 | -€705 | -37.5% |
| Furniture and vehicles | 24 | €5,100 | €4,007 | -€1,093 | -21.4% |
| Current assets | 29/58 | €105,835 | €88,511 | -€17,324 | -16.4% |
| Stocks and contracts in progress | 3 | €5,280 | €2,610 | -€2,670 | -50.6% |
| Stocks | 30/36 | €5,280 | €2,610 | -€2,670 | -50.6% |
| Amounts receivable within one year | 40/41 | €89,257 | €84,639 | -€4,618 | -5.2% |
| Trade receivables | 40 | €55,081 | €46,976 | -€8,105 | -14.7% |
| Other amounts receivable | 41 | €34,176 | €37,663 | +€3,486 | +10.2% |
| Cash at bank and in hand | 54/58 | €10,568 | €968 | -€9,601 | -90.8% |
| Deferred charges and accrued income | 490/1 | €730 | €294 | -€435 | -59.6% |
| Total equity and liabilities | 10/49 | €112,814 | €93,693 | -€19,121 | -16.9% |
| Equity | 10/15 | €89,968 | €92,549 | +€2,580 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,310 | €25,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,450 | €23,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,458 | €61,039 | +€2,580 | +4.4% |
| Amounts payable | 17/49 | €22,846 | €1,144 | -€21,702 | -95.0% |
| Amounts payable within one year | 42/48 | €22,846 | €1,063 | -€21,783 | -95.3% |
| Trade debts | 44 | €22,546 | €1,063 | -€21,483 | -95.3% |
| Suppliers | 440/4 | €22,546 | €1,063 | -€21,483 | -95.3% |
| Taxes, remuneration and social security | 45 | €300 | - | -€300 | |
| Taxes | 450/3 | €300 | - | -€300 | |
| Accrued charges and deferred income | 492/3 | - | €81 | +€81 | |
| Non-recurring operating income | 76A | €13,411 | - | -€13,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €2,775 | +€1,842 | +197.3% |
| Other operating charges | 640/8 | €774 | €875 | +€101 | +13.0% |
| Gross operating margin | 9900 | €11,701 | €8,357 | -€3,344 | -28.6% |
| Operating profit (loss) | 9901 | €9,994 | €4,707 | -€5,286 | -52.9% |
| Financial charges | 65/66B | €508 | €521 | +€12 | +2.4% |
| Recurring financial charges | 65 | €508 | €521 | +€12 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €9,485 | €4,187 | -€5,299 | -55.9% |
| Income taxes | 67/77 | €2,083 | €1,606 | -€477 | -22.9% |
| Profit (loss) for the period | 9904 | €7,402 | €2,580 | -€4,822 | -65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,402 | €2,580 | -€4,822 | -65.1% |
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 4 October 2026 via checked.be.