DSGN: 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.
DSGN
Largest movements
- Cash -€54,217
down €54,217 (-56.0%), from €96,891 to €42,674
mainly Contributions, distributions and other (-€50,833) and Other debts (-€30,684)
- Tangible fixed assets -€11,345
down €11,345 (-15.5%), from €73,182 to €61,837
of which Plant, machinery and equipment: -€6,036
- Stocks and contracts -€3,728
down €3,728 (-48.4%), from €7,701 to €3,973
- Other debts -€30,684
down €30,684 (-38.8%), from €79,020 to €48,336
- Reserves -€14,344
down €14,344 (-42.8%), from €33,541 to €19,197
- Debts after one year -€12,977
down €12,977 (-37.3%), from €34,815 to €21,838
- Tax, wage and social debts -€9,947
down €9,947 (-50.0%), from €19,909 to €9,962
of which Taxes: -€10,073
- Trade debts -€2,029
down €2,029 (-17.4%), from €11,674 to €9,645
- Gross operating margin -€15,381
down €15,381 (-13.9%), from €110,374 to €94,993
- Staff costs +€5,139
up €5,139 (+40.5%), from €12,685 to €17,823
- Taxes -€5,094
down €5,094 (-27.3%), from €18,665 to €13,571
- Financial charges +€2,430
up €2,430 (+204.2%), from €1,190 to €3,619
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 | €194,478 | €122,954 | -€71,524 | -36.8% |
| Fixed assets | 21/28 | €73,632 | €62,287 | -€11,345 | -15.4% |
| Tangible fixed assets | 22/27 | €73,182 | €61,837 | -€11,345 | -15.5% |
| Plant, machinery and equipment | 23 | €39,996 | €33,961 | -€6,036 | -15.1% |
| Furniture and vehicles | 24 | €9,001 | €6,947 | -€2,054 | -22.8% |
| Other tangible fixed assets | 26 | €24,185 | €20,929 | -€3,255 | -13.5% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €120,846 | €60,667 | -€60,179 | -49.8% |
| Stocks and contracts in progress | 3 | €7,701 | €3,973 | -€3,728 | -48.4% |
| Stocks | 30/36 | €7,701 | €3,973 | -€3,728 | -48.4% |
| Amounts receivable within one year | 40/41 | €7,555 | €7,204 | -€351 | -4.6% |
| Trade receivables | 40 | €1,434 | €1,561 | +€127 | +8.8% |
| Other amounts receivable | 41 | €6,121 | €5,644 | -€478 | -7.8% |
| Cash at bank and in hand | 54/58 | €96,891 | €42,674 | -€54,217 | -56.0% |
| Deferred charges and accrued income | 490/1 | €8,699 | €6,815 | -€1,883 | -21.7% |
| Total equity and liabilities | 10/49 | €194,478 | €122,954 | -€71,524 | -36.8% |
| Equity | 10/15 | €34,541 | €20,197 | -€14,344 | -41.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €33,541 | €19,197 | -€14,344 | -42.8% |
| Distributable reserves | 133 | €33,541 | €19,197 | -€14,344 | -42.8% |
| Amounts payable | 17/49 | €159,937 | €102,757 | -€57,180 | -35.8% |
| Amounts payable after more than one year | 17 | €34,815 | €21,838 | -€12,977 | -37.3% |
| Financial debts | 170/4 | €34,815 | €21,838 | -€12,977 | -37.3% |
| Amounts payable within one year | 42/48 | €125,122 | €80,919 | -€44,203 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €14,519 | €12,977 | -€1,543 | -10.6% |
| Trade debts | 44 | €11,674 | €9,645 | -€2,029 | -17.4% |
| Suppliers | 440/4 | €11,674 | €9,645 | -€2,029 | -17.4% |
| Taxes, remuneration and social security | 45 | €19,909 | €9,962 | -€9,947 | -50.0% |
| Taxes | 450/3 | €18,436 | €8,363 | -€10,073 | -54.6% |
| Remuneration and social security | 454/9 | €1,473 | €1,598 | +€125 | +8.5% |
| Other amounts payable | 47/48 | €79,020 | €48,336 | -€30,684 | -38.8% |
| Non-recurring operating income | 76A | - | €5,440 | +€5,440 | |
| Remuneration, social security and pensions | 62 | €12,685 | €17,823 | +€5,139 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,781 | €22,557 | -€224 | -1.0% |
| Other operating charges | 640/8 | €1,160 | €1,000 | -€160 | -13.8% |
| Gross operating margin | 9900 | €110,374 | €94,993 | -€15,381 | -13.9% |
| Operating profit (loss) | 9901 | €73,748 | €53,612 | -€20,136 | -27.3% |
| Financial income | 75/76B | €101 | €67 | -€34 | -33.6% |
| Recurring financial income | 75 | €101 | €67 | -€34 | -33.6% |
| Financial charges | 65/66B | €1,190 | €3,619 | +€2,430 | +204.2% |
| Recurring financial charges | 65 | €1,190 | €3,619 | +€2,430 | +204.2% |
| Profit (loss) for the period before taxes | 9903 | €72,659 | €50,060 | -€22,600 | -31.1% |
| Income taxes | 67/77 | €18,665 | €13,571 | -€5,094 | -27.3% |
| Profit (loss) for the period | 9904 | €53,994 | €36,489 | -€17,505 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,994 | €36,489 | -€17,505 | -32.4% |
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.