DSK: 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.
DSK
Largest movements
- Cash +€461,472
up €461,472 (+3,272%), from €14,102 to €475,574
mainly Investment in fixed assets (net) (+€424,534) and Trade debts (+€176,283)
- Tangible fixed assets -€428,794
down €428,794 (-81.2%), from €528,293 to €99,499
- Receivables within one year +€31,744
up €31,744 (+947%), from €3,351 to €35,095
- Other debts -€216,235
no longer reported in 2025 (was €216,235)
- Trade debts +€176,283
up €176,283 (+72,844%), from €242 to €176,525
- Reserves +€87,541
up €87,541 (+41.1%), from €212,815 to €300,356
of which Tax-exempt reserves: +€87,227
- Provisions +€29,076
up €29,076 (+78.2%), from €37,190 to €66,266
- Tax, wage and social debts -€7,013
down €7,013 (-66.5%), from €10,545 to €3,532
- Purchases and services +€164,584
new in 2025: €164,584
- Gross operating margin +€79,538
up €79,538 (+124%), from €64,138 to €143,676
- Depreciation -€23,302
down €23,302 (-84.5%), from €27,562 to €4,260
- Financial charges -€10,312
down €10,312 (-90.1%), from €11,444 to €1,132
- Taxes -€3,306
down €3,306 (-96.7%), from €3,419 to €113
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 | €545,746 | €610,168 | +€64,422 | +11.8% |
| Fixed assets | 21/28 | €528,293 | €99,499 | -€428,794 | -81.2% |
| Tangible fixed assets | 22/27 | €528,293 | €99,499 | -€428,794 | -81.2% |
| Land and buildings | 22 | €528,293 | €99,499 | -€428,794 | -81.2% |
| Current assets | 29/58 | €17,453 | €510,669 | +€493,216 | +2,826% |
| Amounts receivable within one year | 40/41 | €3,351 | €35,095 | +€31,744 | +947% |
| Other amounts receivable | 41 | €3,351 | €35,095 | +€31,744 | +947% |
| Cash at bank and in hand | 54/58 | €14,102 | €475,574 | +€461,472 | +3,272% |
| Total equity and liabilities | 10/49 | €545,746 | €610,168 | +€64,422 | +11.8% |
| Equity | 10/15 | €231,365 | €318,906 | +€87,541 | +37.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Contributions outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €212,815 | €300,356 | +€87,541 | +41.1% |
| Non-distributable reserves | 130/1 | €19,131 | €19,131 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,131 | €19,131 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,571 | €198,798 | +€87,227 | +78.2% |
| Distributable reserves | 133 | €82,113 | €82,427 | +€314 | +0.4% |
| Provisions and deferred taxes | 16 | €37,190 | €66,266 | +€29,076 | +78.2% |
| Deferred taxes | 168 | €37,190 | €66,266 | +€29,076 | +78.2% |
| Amounts payable | 17/49 | €277,191 | €224,996 | -€52,195 | -18.8% |
| Amounts payable after more than one year | 17 | €44,940 | €39,614 | -€5,326 | -11.9% |
| Financial debts | 170/4 | €44,940 | €39,614 | -€5,326 | -11.9% |
| Amounts payable within one year | 42/48 | €232,251 | €185,382 | -€46,869 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €5,229 | €5,325 | +€96 | +1.8% |
| Trade debts | 44 | €242 | €176,525 | +€176,283 | +72,844% |
| Suppliers | 440/4 | €242 | €176,525 | +€176,283 | +72,844% |
| Taxes, remuneration and social security | 45 | €10,545 | €3,532 | -€7,013 | -66.5% |
| Taxes | 450/3 | €10,545 | €3,532 | -€7,013 | -66.5% |
| Other amounts payable | 47/48 | €216,235 | - | -€216,235 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €164,584 | +€164,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,562 | €4,260 | -€23,302 | -84.5% |
| Other operating charges | 640/8 | €20,903 | €21,554 | +€651 | +3.1% |
| Gross operating margin | 9900 | €64,138 | €143,676 | +€79,538 | +124% |
| Operating profit (loss) | 9901 | €15,673 | €117,862 | +€102,189 | +652% |
| Financial charges | 65/66B | €11,444 | €1,132 | -€10,312 | -90.1% |
| Recurring financial charges | 65 | €11,444 | €1,132 | -€10,312 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | €4,229 | €116,730 | +€112,501 | +2,660% |
| Transfer from deferred taxes | 780 | €2,145 | €37,190 | +€35,045 | +1,634% |
| Transfer to deferred taxes | 680 | - | €66,266 | +€66,266 | |
| Income taxes | 67/77 | €3,419 | €113 | -€3,306 | -96.7% |
| Profit (loss) for the period | 9904 | €2,955 | €87,541 | +€84,586 | +2,862% |
| Transfer from tax-exempt reserves | 789 | €6,437 | €111,571 | +€105,134 | +1,633% |
| Transfer to tax-exempt reserves | 689 | - | €198,798 | +€198,798 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,392 | €314 | -€9,078 | -96.7% |
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.