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DSIG: 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.

What changed

DSIG

BE 0790.975.117
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€36,114
2024 · -€4,906+€41,020
Equity
€707,132
2024 · €38,557+€668,575
Cash
€2,521
2024 · €873+€1,648
Balance sheet total
€1.1m
2024 · €200,577+€872,106

Largest movements

2024 to 2025
Assets
  • Financial fixed assets +€840,489

    up €840,489 (+421%), from €199,704 to €1.0m

  • Receivables within one year +€29,969

    new in 2025: €29,969

Equity and liabilities
  • Revaluation surpluses +€632,461

    new in 2025: €632,461

  • Debts after one year +€129,952

    up €129,952 (+159%), from €81,796 to €211,748

  • Other debts +€64,515

    up €64,515 (+141%), from €45,750 to €110,265

  • Profit (loss) carried forward +€36,114

    up €36,114, from -€11,693 to €24,421

Income statement
  • Financial income +€52,593

    up €52,593 (+4,228%), from €1,244 to €53,837

  • Taxes +€8,143

    new in 2025: €8,143

  • Gross operating margin -€1,812

    down €1,812 (-208%), from -€872 to -€2,684

  • Financial charges +€1,736

    up €1,736 (+33.6%), from €5,160 to €6,896

  • Other operating charges -€118

    no longer reported in 2025 (was €118)

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€4,906
Gross operating margin -€1,812
Other operating charges +€118
Financial income +€52,593
Financial charges -€1,736
Taxes -€8,143
Result 2025 €36,114
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€71,599
Investment -€840,489
Financing +€770,538
Cash 2024 €873
Net result for the year +€36,114
Receivables within one year -€29,969
Tax, wage and social debts +€939
Other debts +€64,515
Investment in fixed assets (net) -€840,489
Debts after one year +€129,952
Current portion of long-term debt +€8,125
Contributions, distributions and other +€632,461
Cash 2025 €2,521
brings cash intakes cash out
Every line side by side 31 lines
Line Code 2024 2025 Change %
Total assets 20/58 €200,577 €1,072,683 +€872,106 +435%
Fixed assets 21/28 €199,704 €1,040,193 +€840,489 +421%
Financial fixed assets 28 €199,704 €1,040,193 +€840,489 +421%
Current assets 29/58 €873 €32,490 +€31,617 +3,622%
Amounts receivable within one year 40/41 - €29,969 +€29,969
Trade receivables 40 - €29,969 +€29,969
Cash at bank and in hand 54/58 €873 €2,521 +€1,648 +189%
Total equity and liabilities 10/49 €200,577 €1,072,683 +€872,106 +435%
Equity 10/15 €38,557 €707,132 +€668,575 +1,734%
Contributions 10/11 €50,250 €50,250 = 0.0%
Revaluation surpluses 12 - €632,461 +€632,461
Profit (loss) carried forward 14 -€11,693 €24,421 +€36,114
Amounts payable 17/49 €162,020 €365,551 +€203,531 +126%
Amounts payable after more than one year 17 €81,796 €211,748 +€129,952 +159%
Financial debts 170/4 €81,796 €211,748 +€129,952 +159%
Amounts payable within one year 42/48 €80,224 €153,803 +€73,579 +91.7%
Current portion of amounts payable after more than one year 42 €34,474 €42,599 +€8,125 +23.6%
Taxes, remuneration and social security 45 - €939 +€939
Remuneration and social security 454/9 - €939 +€939
Other amounts payable 47/48 €45,750 €110,265 +€64,515 +141%
Other operating charges 640/8 €118 - -€118
Gross operating margin 9900 -€872 -€2,684 -€1,812 -208%
Operating profit (loss) 9901 -€990 -€2,684 -€1,694 -171%
Financial income 75/76B €1,244 €53,837 +€52,593 +4,228%
Recurring financial income 75 €1,244 €53,837 +€52,593 +4,228%
Financial charges 65/66B €5,160 €6,896 +€1,736 +33.6%
Recurring financial charges 65 €5,160 €6,896 +€1,736 +33.6%
Profit (loss) for the period before taxes 9903 -€4,906 €44,257 +€49,163
Income taxes 67/77 - €8,143 +€8,143
Profit (loss) for the period 9904 -€4,906 €36,114 +€41,020
Profit (loss) for the period to be appropriated 9905 -€4,906 €36,114 +€41,020

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 20 October 2026 via checked.be.