DSF-Bouw: 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.
DSF-Bouw
Largest movements
- Receivables within one year -€9,650
down €9,650 (-63.5%), from €15,202 to €5,552
of which Trade receivables: -€8,960
- Cash +€2,623
up €2,623 (+15.7%), from €16,677 to €19,300
mainly Receivables within one year (+€9,650) and Depreciation (+€3,553)
- Tangible fixed assets -€828
down €828 (-4.3%), from €19,108 to €18,280
of which Other tangible fixed assets: -€1,080
- Deferred charges and accrued income -€731
down €731 (-45.5%), from €1,607 to €876
- Trade debts -€11,374
down €11,374 (-67.3%), from €16,905 to €5,531
- Accrued charges and deferred income +€1,144
new in 2025: €1,144
- Tax, wage and social debts +€882
up €882 (+10.7%), from €8,242 to €9,124
- Gross operating margin -€29,175
down €29,175 (-81.4%), from €35,856 to €6,681
- Taxes -€5,985
down €5,985 (-94.0%), from €6,370 to €385
- Depreciation +€1,564
up €1,564 (+78.6%), from €1,989 to €3,553
- Financial charges -€478
down €478 (-20.1%), from €2,375 to €1,897
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 | €52,594 | €44,008 | -€8,586 | -16.3% |
| Fixed assets | 21/28 | €19,108 | €18,280 | -€828 | -4.3% |
| Tangible fixed assets | 22/27 | €19,108 | €18,280 | -€828 | -4.3% |
| Plant, machinery and equipment | 23 | €8,370 | €8,600 | +€230 | +2.7% |
| Furniture and vehicles | 24 | €687 | €709 | +€22 | +3.2% |
| Other tangible fixed assets | 26 | €10,051 | €8,971 | -€1,080 | -10.7% |
| Current assets | 29/58 | €33,486 | €25,728 | -€7,758 | -23.2% |
| Amounts receivable within one year | 40/41 | €15,202 | €5,552 | -€9,650 | -63.5% |
| Trade receivables | 40 | €14,432 | €5,472 | -€8,960 | -62.1% |
| Other amounts receivable | 41 | €770 | €80 | -€690 | -89.6% |
| Cash at bank and in hand | 54/58 | €16,677 | €19,300 | +€2,623 | +15.7% |
| Deferred charges and accrued income | 490/1 | €1,607 | €876 | -€731 | -45.5% |
| Total equity and liabilities | 10/49 | €52,594 | €44,008 | -€8,586 | -16.3% |
| Equity | 10/15 | €27,447 | €27,890 | +€443 | +1.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,447 | €24,890 | +€443 | +1.8% |
| Amounts payable | 17/49 | €25,147 | €16,118 | -€9,029 | -35.9% |
| Amounts payable within one year | 42/48 | €25,147 | €14,974 | -€10,173 | -40.5% |
| Trade debts | 44 | €16,905 | €5,531 | -€11,374 | -67.3% |
| Suppliers | 440/4 | €16,905 | €5,531 | -€11,374 | -67.3% |
| Taxes, remuneration and social security | 45 | €8,242 | €9,124 | +€882 | +10.7% |
| Taxes | 450/3 | €8,242 | €9,124 | +€882 | +10.7% |
| Other amounts payable | 47/48 | - | €319 | +€319 | |
| Accrued charges and deferred income | 492/3 | - | €1,144 | +€1,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €3,553 | +€1,564 | +78.6% |
| Other operating charges | 640/8 | €708 | €649 | -€59 | -8.3% |
| Gross operating margin | 9900 | €35,856 | €6,681 | -€29,175 | -81.4% |
| Operating profit (loss) | 9901 | €33,159 | €2,479 | -€30,680 | -92.5% |
| Financial income | 75/76B | €33 | €246 | +€213 | +645% |
| Recurring financial income | 75 | €33 | €246 | +€213 | +645% |
| Financial charges | 65/66B | €2,375 | €1,897 | -€478 | -20.1% |
| Recurring financial charges | 65 | €2,375 | €1,897 | -€478 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €30,817 | €828 | -€29,989 | -97.3% |
| Income taxes | 67/77 | €6,370 | €385 | -€5,985 | -94.0% |
| Profit (loss) for the period | 9904 | €24,447 | €443 | -€24,004 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,447 | €443 | -€24,004 | -98.2% |
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.