DSD MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year +€54,728
up €54,728 (+43.6%), from €125,592 to €180,320
of which Other amounts receivable: +€34,515
- Cash +€22,137
up €22,137 (+32.4%), from €68,219 to €90,356
mainly Other debts (+€75,000) and Net result for the year (+€44,333)
- Deferred charges and accrued income -€12,000
down €12,000 (-16.7%), from €72,000 to €60,000
- Profit (loss) carried forward -€75,000
down €75,000 (-28.6%), from €262,362 to €187,362
- Other debts +€75,000
up €75,000 (+751.0%), from €9,986 to €84,986
- Reserves +€45,686
up €45,686 (+19.2%), from €237,724 to €283,410
of which Distributable reserves: +€45,686
- Trade debts +€18,402
up €18,402 (+942.5%), from €1,953 to €20,355
- Gross operating margin -€1,658
down €1,658 (-2.4%), from €70,289 to €68,631
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 | €535,843 | €600,612 | +€64,769 | +12.1% |
| Fixed assets | 21/28 | €138,890 | €138,794 | -€96 | -0.1% |
| Tangible fixed assets | 22/27 | €3,890 | €3,794 | -€96 | -2.5% |
| Plant, machinery and equipment | 23 | €1,490 | €1,394 | -€96 | -6.4% |
| Other tangible fixed assets | 26 | €2,400 | €2,400 | = | 0.0% |
| Financial fixed assets | 28 | €135,000 | €135,000 | = | 0.0% |
| Current assets | 29/58 | €396,953 | €461,818 | +€64,865 | +16.3% |
| Amounts receivable after more than one year | 29 | €131,142 | €131,142 | = | 0.0% |
| Other amounts receivable | 291 | €131,142 | €131,142 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €125,592 | €180,320 | +€54,728 | +43.6% |
| Trade receivables | 40 | €22,762 | €42,975 | +€20,213 | +88.8% |
| Other amounts receivable | 41 | €102,830 | €137,346 | +€34,515 | +33.6% |
| Cash at bank and in hand | 54/58 | €68,219 | €90,356 | +€22,137 | +32.4% |
| Deferred charges and accrued income | 490/1 | €72,000 | €60,000 | -€12,000 | -16.7% |
| Total equity and liabilities | 10/49 | €535,843 | €600,612 | +€64,769 | +12.1% |
| Equity | 10/15 | €506,286 | €476,972 | -€29,314 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €237,724 | €283,410 | +€45,686 | +19.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €235,864 | €281,550 | +€45,686 | +19.4% |
| Profit (loss) carried forward | 14 | €262,362 | €187,362 | -€75,000 | -28.6% |
| Amounts payable | 17/49 | €29,557 | €123,640 | +€94,083 | +318.3% |
| Amounts payable within one year | 42/48 | €29,557 | €123,640 | +€94,083 | +318.3% |
| Trade debts | 44 | €1,953 | €20,355 | +€18,402 | +942.5% |
| Suppliers | 440/4 | €1,953 | €20,355 | +€18,402 | +942.5% |
| Taxes, remuneration and social security | 45 | €17,619 | €18,299 | +€680 | +3.9% |
| Taxes | 450/3 | €17,619 | €18,299 | +€680 | +3.9% |
| Other amounts payable | 47/48 | €9,986 | €84,986 | +€75,000 | +751.0% |
| Non-recurring operating income | 76A | €7,240 | - | -€7,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,623 | €1,575 | -€48 | -2.9% |
| Other operating charges | 640/8 | €1,161 | €909 | -€252 | -21.7% |
| Gross operating margin | 9900 | €70,289 | €68,631 | -€1,658 | -2.4% |
| Operating profit (loss) | 9901 | €67,506 | €66,147 | -€1,359 | -2.0% |
| Financial income | 75/76B | €4,760 | €4,754 | -€6 | -0.1% |
| Recurring financial income | 75 | €4,760 | €4,754 | -€6 | -0.1% |
| Financial charges | 65/66B | €2,954 | €3,377 | +€423 | +14.3% |
| Recurring financial charges | 65 | €2,954 | €3,377 | +€423 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €69,311 | €67,524 | -€1,788 | -2.6% |
| Income taxes | 67/77 | €23,845 | €23,191 | -€654 | -2.7% |
| Profit (loss) for the period | 9904 | €45,466 | €44,333 | -€1,133 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,466 | €44,333 | -€1,133 | -2.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.