DSEQ: 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.
DSEQ
Largest movements
- Receivables within one year +€10,346
up €10,346 (+29.0%), from €35,671 to €46,018
of which Trade receivables: +€10,609
- Cash +€4,370
up €4,370 (+18.4%), from €23,722 to €28,092
mainly Net result for the year (+€12,048) and Trade debts (+€4,795)
- Tangible fixed assets -€803
down €803 (-13.3%), from €6,028 to €5,225
of which Plant, machinery and equipment: -€803
- Profit (loss) carried forward +€12,048
up €12,048 (+46.4%), from -€25,943 to -€13,895
- Trade debts +€4,795
up €4,795 (+154%), from €3,122 to €7,917
- Other debts -€2,929
down €2,929 (-54.6%), from €5,363 to €2,434
- Gross operating margin +€26,595
up €26,595, from -€5,691 to €20,904
- Financial charges +€4,223
up €4,223 (+102%), from €4,127 to €8,350
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 | €65,422 | €79,335 | +€13,914 | +21.3% |
| Fixed assets | 21/28 | €6,028 | €5,225 | -€803 | -13.3% |
| Tangible fixed assets | 22/27 | €6,028 | €5,225 | -€803 | -13.3% |
| Plant, machinery and equipment | 23 | €2,691 | €1,888 | -€803 | -29.8% |
| Furniture and vehicles | 24 | €3,338 | €3,338 | = | 0.0% |
| Current assets | 29/58 | €59,393 | €74,110 | +€14,716 | +24.8% |
| Amounts receivable within one year | 40/41 | €35,671 | €46,018 | +€10,346 | +29.0% |
| Trade receivables | 40 | €34,986 | €45,595 | +€10,609 | +30.3% |
| Other amounts receivable | 41 | €685 | €422 | -€263 | -38.4% |
| Cash at bank and in hand | 54/58 | €23,722 | €28,092 | +€4,370 | +18.4% |
| Total equity and liabilities | 10/49 | €65,422 | €79,335 | +€13,914 | +21.3% |
| Equity | 10/15 | €56,936 | €68,984 | +€12,048 | +21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €62,879 | €62,879 | = | 0.0% |
| Distributable reserves | 133 | €62,879 | €62,879 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,943 | -€13,895 | +€12,048 | +46.4% |
| Amounts payable | 17/49 | €8,485 | €10,351 | +€1,866 | +22.0% |
| Amounts payable within one year | 42/48 | €8,485 | €10,351 | +€1,866 | +22.0% |
| Trade debts | 44 | €3,122 | €7,917 | +€4,795 | +154% |
| Suppliers | 440/4 | €3,122 | €7,917 | +€4,795 | +154% |
| Other amounts payable | 47/48 | €5,363 | €2,434 | -€2,929 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €898 | €803 | -€96 | -10.6% |
| Other operating charges | 640/8 | €704 | €619 | -€86 | -12.2% |
| Gross operating margin | 9900 | -€5,691 | €20,904 | +€26,595 | |
| Operating profit (loss) | 9901 | -€7,294 | €19,482 | +€26,776 | |
| Financial income | 75/76B | €774 | €916 | +€142 | +18.3% |
| Recurring financial income | 75 | €774 | €916 | +€142 | +18.3% |
| Financial charges | 65/66B | €4,127 | €8,350 | +€4,223 | +102% |
| Recurring financial charges | 65 | €4,127 | €8,350 | +€4,223 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€10,647 | €12,048 | +€22,695 | |
| Profit (loss) for the period | 9904 | -€10,647 | €12,048 | +€22,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,647 | €12,048 | +€22,695 |
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 18 October 2026 via checked.be.