DSF HOLDING: 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 HOLDING
Largest movements
- Cash -€49,992
down €49,992 (-73.0%), from €68,456 to €18,464
mainly Debts after one year (-€100,000) and Tax, wage and social debts (-€60,819)
- Profit (loss) carried forward +€111,392
up €111,392 (+36.3%), from €306,791 to €418,183
- Debts after one year -€100,000
down €100,000 (-38.7%), from €258,080 to €158,080
- Tax, wage and social debts -€60,819
down €60,819 (-88.8%), from €68,478 to €7,659
- Gross operating margin -€80,183
down €80,183 (-34.9%), from €229,720 to €149,538
- Taxes -€23,905
down €23,905 (-39.2%), from €61,036 to €37,131
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 | €1,282,089 | €1,232,097 | -€49,992 | -3.9% |
| Fixed assets | 21/28 | €1,198,080 | €1,198,080 | = | 0.0% |
| Financial fixed assets | 28 | €1,198,080 | €1,198,080 | = | 0.0% |
| Current assets | 29/58 | €84,009 | €34,017 | -€49,992 | -59.5% |
| Amounts receivable within one year | 40/41 | €15,553 | €15,553 | = | 0.0% |
| Trade receivables | 40 | €15,553 | €15,553 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €68,456 | €18,464 | -€49,992 | -73.0% |
| Total equity and liabilities | 10/49 | €1,282,089 | €1,232,097 | -€49,992 | -3.9% |
| Equity | 10/15 | €950,472 | €1,061,864 | +€111,392 | +11.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €623,221 | €623,221 | = | 0.0% |
| Distributable reserves | 133 | €623,221 | €623,221 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,791 | €418,183 | +€111,392 | +36.3% |
| Amounts payable | 17/49 | €331,617 | €170,233 | -€161,384 | -48.7% |
| Amounts payable after more than one year | 17 | €258,080 | €158,080 | -€100,000 | -38.7% |
| Financial debts | 170/4 | €258,080 | €158,080 | -€100,000 | -38.7% |
| Amounts payable within one year | 42/48 | €73,537 | €12,153 | -€61,384 | -83.5% |
| Trade debts | 44 | €5,059 | €4,494 | -€565 | -11.2% |
| Suppliers | 440/4 | €5,059 | €4,494 | -€565 | -11.2% |
| Taxes, remuneration and social security | 45 | €68,478 | €7,659 | -€60,819 | -88.8% |
| Taxes | 450/3 | €68,478 | €7,659 | -€60,819 | -88.8% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €229,720 | €149,538 | -€80,183 | -34.9% |
| Operating profit (loss) | 9901 | €228,760 | €148,570 | -€80,190 | -35.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €55 | €48 | -€7 | -13.3% |
| Recurring financial charges | 65 | €55 | €48 | -€7 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €228,705 | €148,523 | -€80,183 | -35.1% |
| Income taxes | 67/77 | €61,036 | €37,131 | -€23,905 | -39.2% |
| Profit (loss) for the period | 9904 | €167,670 | €111,392 | -€56,278 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €167,670 | €111,392 | -€56,278 | -33.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.