DSLV: 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.
DSLV
Largest movements
- Cash +€47,748
up €47,748 (+124%), from €38,570 to €86,318
mainly Net result for the year (+€84,073) and Depreciation (+€17,480)
- Tangible fixed assets -€16,385
down €16,385 (-4.6%), from €358,607 to €342,223
of which Land and buildings: -€11,480
- Receivables within one year +€16,323
up €16,323 (+87.4%), from €18,671 to €34,994
of which Other amounts receivable: +€9,575
- Current investments +€10,982
up €10,982 (+73.2%), from €15,000 to €25,982
- Reserves +€82,407
up €82,407 (+42.5%), from €194,096 to €276,503
- Debts after one year -€37,127
down €37,127 (-21.2%), from €175,334 to €138,207
of which Financial debts: -€37,127
- Tax, wage and social debts +€13,296
up €13,296 (+114%), from €11,641 to €24,937
of which Taxes: +€13,211
- Gross operating margin +€36,191
up €36,191 (+37.0%), from €97,798 to €133,989
- Taxes +€8,711
up €8,711 (+53.1%), from €16,409 to €25,120
- Depreciation +€2,866
up €2,866 (+19.6%), from €14,613 to €17,480
- Financial charges -€1,879
down €1,879 (-23.6%), from €7,958 to €6,080
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 | €435,949 | €494,802 | +€58,853 | +13.5% |
| Fixed assets | 21/28 | €358,607 | €342,223 | -€16,385 | -4.6% |
| Tangible fixed assets | 22/27 | €358,607 | €342,223 | -€16,385 | -4.6% |
| Land and buildings | 22 | €345,516 | €334,036 | -€11,480 | -3.3% |
| Plant, machinery and equipment | 23 | €584 | €224 | -€360 | -61.6% |
| Furniture and vehicles | 24 | €12,508 | €7,963 | -€4,545 | -36.3% |
| Current assets | 29/58 | €77,342 | €152,579 | +€75,238 | +97.3% |
| Amounts receivable within one year | 40/41 | €18,671 | €34,994 | +€16,323 | +87.4% |
| Trade receivables | 40 | €15,695 | €22,442 | +€6,747 | +43.0% |
| Other amounts receivable | 41 | €2,976 | €12,552 | +€9,575 | +322% |
| Current investments | 50/53 | €15,000 | €25,982 | +€10,982 | +73.2% |
| Cash at bank and in hand | 54/58 | €38,570 | €86,318 | +€47,748 | +124% |
| Deferred charges and accrued income | 490/1 | €5,100 | €5,285 | +€185 | +3.6% |
| Total equity and liabilities | 10/49 | €435,949 | €494,802 | +€58,853 | +13.5% |
| Equity | 10/15 | €199,096 | €281,503 | +€82,407 | +41.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €194,096 | €276,503 | +€82,407 | +42.5% |
| Distributable reserves | 133 | €194,096 | €276,503 | +€82,407 | +42.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €236,853 | €213,299 | -€23,554 | -9.9% |
| Amounts payable after more than one year | 17 | €175,334 | €138,207 | -€37,127 | -21.2% |
| Financial debts | 170/4 | €120,334 | €83,207 | -€37,127 | -30.9% |
| Other amounts payable | 178/9 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,266 | €71,630 | +€16,364 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €36,723 | €37,127 | +€404 | +1.1% |
| Financial debts | 43 | €4,687 | €4,702 | +€15 | +0.3% |
| Credit institutions | 430/8 | €4,687 | €4,702 | +€15 | +0.3% |
| Trade debts | 44 | €497 | €3,198 | +€2,701 | +544% |
| Suppliers | 440/4 | €497 | €3,198 | +€2,701 | +544% |
| Taxes, remuneration and social security | 45 | €11,641 | €24,937 | +€13,296 | +114% |
| Taxes | 450/3 | €8,453 | €21,664 | +€13,211 | +156% |
| Remuneration and social security | 454/9 | €3,188 | €3,273 | +€85 | +2.7% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Accrued charges and deferred income | 492/3 | €6,253 | €3,462 | -€2,791 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,613 | €17,480 | +€2,866 | +19.6% |
| Other operating charges | 640/8 | €1,937 | €2,041 | +€104 | +5.4% |
| Gross operating margin | 9900 | €97,798 | €133,989 | +€36,191 | +37.0% |
| Operating profit (loss) | 9901 | €81,248 | €114,469 | +€33,221 | +40.9% |
| Financial income | 75/76B | €590 | €804 | +€214 | +36.2% |
| Recurring financial income | 75 | €590 | €804 | +€214 | +36.2% |
| Financial charges | 65/66B | €7,958 | €6,080 | -€1,879 | -23.6% |
| Recurring financial charges | 65 | €7,958 | €6,080 | -€1,879 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €73,880 | €109,193 | +€35,313 | +47.8% |
| Income taxes | 67/77 | €16,409 | €25,120 | +€8,711 | +53.1% |
| Profit (loss) for the period | 9904 | €57,471 | €84,073 | +€26,602 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,471 | €84,073 | +€26,602 | +46.3% |
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 30 October 2026 via checked.be.