DSL-PARTNERS: 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.
DSL-PARTNERS
Largest movements
- Tangible fixed assets +€164,284
new in 2025: €164,284
- Cash -€35,656
down €35,656 (-51.4%), from €69,421 to €33,765
mainly Investment in fixed assets (net) (-€164,284) and Contributions, distributions and other (-€104,100)
- Receivables after one year -€30,000
down €30,000 (-100%), from €30,000 to €0
- Receivables within one year -€3,887
down €3,887 (-15.3%), from €25,434 to €21,547
of which Trade receivables: -€5,081
- Debts after one year +€135,528
new in 2025: €135,528
- Reserves -€97,304
down €97,304 (-93.5%), from €104,100 to €6,796
- Other debts +€41,214
up €41,214 (+432%), from €9,543 to €50,756
- Tax, wage and social debts +€6,940
up €6,940 (+77.1%), from €8,999 to €15,939
- Current portion of long-term debt +€4,472
new in 2025: €4,472
- Other operating charges +€8,827
up €8,827 (+2,190%), from €403 to €9,230
- Gross operating margin -€8,619
down €8,619 (-25.3%), from €34,086 to €25,468
- Taxes -€4,382
down €4,382 (-61.2%), from €7,161 to €2,779
- Financial charges +€1,321
up €1,321 (+24.7%), from €5,344 to €6,664
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 | €128,334 | €222,373 | +€94,039 | +73.3% |
| Fixed assets | 21/28 | €225 | €164,509 | +€164,284 | +73,015% |
| Tangible fixed assets | 22/27 | - | €164,284 | +€164,284 | |
| Land and buildings | 22 | - | €164,284 | +€164,284 | |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €128,109 | €57,864 | -€70,245 | -54.8% |
| Amounts receivable after more than one year | 29 | €30,000 | €0 | -€30,000 | -100% |
| Other amounts receivable | 291 | €30,000 | €0 | -€30,000 | -100% |
| Amounts receivable within one year | 40/41 | €25,434 | €21,547 | -€3,887 | -15.3% |
| Trade receivables | 40 | €24,364 | €19,283 | -€5,081 | -20.9% |
| Other amounts receivable | 41 | €1,071 | €2,264 | +€1,193 | +111% |
| Cash at bank and in hand | 54/58 | €69,421 | €33,765 | -€35,656 | -51.4% |
| Deferred charges and accrued income | 490/1 | €3,254 | €2,553 | -€701 | -21.5% |
| Total equity and liabilities | 10/49 | €128,334 | €222,373 | +€94,039 | +73.3% |
| Equity | 10/15 | €107,100 | €9,796 | -€97,304 | -90.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,100 | €6,796 | -€97,304 | -93.5% |
| Distributable reserves | 133 | €104,100 | €6,796 | -€97,304 | -93.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,234 | €212,578 | +€191,344 | +901% |
| Amounts payable after more than one year | 17 | - | €135,528 | +€135,528 | |
| Financial debts | 170/4 | - | €135,528 | +€135,528 | |
| Amounts payable within one year | 42/48 | €21,234 | €77,049 | +€55,816 | +263% |
| Current portion of amounts payable after more than one year | 42 | - | €4,472 | +€4,472 | |
| Financial debts | 43 | €410 | €0 | -€410 | -100% |
| Credit institutions | 430/8 | €410 | €0 | -€410 | -100% |
| Trade debts | 44 | €2,282 | €5,882 | +€3,600 | +158% |
| Suppliers | 440/4 | €2,282 | €5,882 | +€3,600 | +158% |
| Taxes, remuneration and social security | 45 | €8,999 | €15,939 | +€6,940 | +77.1% |
| Taxes | 450/3 | €8,999 | €15,939 | +€6,940 | +77.1% |
| Other amounts payable | 47/48 | €9,543 | €50,756 | +€41,214 | +432% |
| Other operating charges | 640/8 | €403 | €9,230 | +€8,827 | +2,190% |
| Gross operating margin | 9900 | €34,086 | €25,468 | -€8,619 | -25.3% |
| Operating profit (loss) | 9901 | €33,683 | €16,238 | -€17,446 | -51.8% |
| Financial income | 75/76B | €317 | €1 | -€316 | -99.7% |
| Recurring financial income | 75 | €317 | €1 | -€316 | -99.7% |
| Financial charges | 65/66B | €5,344 | €6,664 | +€1,321 | +24.7% |
| Recurring financial charges | 65 | €5,344 | €6,664 | +€1,321 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €28,656 | €9,574 | -€19,082 | -66.6% |
| Income taxes | 67/77 | €7,161 | €2,779 | -€4,382 | -61.2% |
| Profit (loss) for the period | 9904 | €21,496 | €6,796 | -€14,700 | -68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,496 | €6,796 | -€14,700 | -68.4% |
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 16 October 2026 via checked.be.