DSLW: 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.
DSLW
Largest movements
- Receivables within one year -€5,265
down €5,265 (-17.8%), from €29,657 to €24,393
of which Trade receivables: -€4,406
- Cash +€4,576
up €4,576 (+851.8%), from €537 to €5,113
mainly Net result for the year (+€40,733) and Short-term financial debts (+€20,000)
- Short-term financial debts +€20,000
new in 2025: €20,000
- Reserves -€15,217
down €15,217 (-11.6%), from €130,752 to €115,535
- Tax, wage and social debts -€5,424
down €5,424 (-30.3%), from €17,923 to €12,500
- Trade debts -€1,800
down €1,800 (-94.8%), from €1,900 to €99
- Advances received +€1,665
new in 2025: €1,665
- Gross operating margin +€36,386
up €36,386 (+121.7%), from €29,909 to €66,295
- Taxes +€9,496
up €9,496 (+75.5%), from €12,582 to €22,079
- Depreciation +€3,679
up €3,679 (+586.7%), from €627 to €4,306
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 | €151,575 | €150,799 | -€776 | -0.5% |
| Fixed assets | 21/28 | €8,520 | €7,140 | -€1,381 | -16.2% |
| Tangible fixed assets | 22/27 | €8,520 | €7,140 | -€1,381 | -16.2% |
| Plant, machinery and equipment | 23 | €21 | €2,449 | +€2,428 | +11521.9% |
| Furniture and vehicles | 24 | €8,499 | €4,691 | -€3,808 | -44.8% |
| Current assets | 29/58 | €143,054 | €143,659 | +€605 | +0.4% |
| Amounts receivable after more than one year | 29 | €110,000 | €110,000 | = | 0.0% |
| Trade receivables | 290 | €110,000 | €110,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,657 | €24,393 | -€5,265 | -17.8% |
| Trade receivables | 40 | €5,964 | €1,559 | -€4,406 | -73.9% |
| Other amounts receivable | 41 | €23,693 | €22,834 | -€859 | -3.6% |
| Cash at bank and in hand | 54/58 | €537 | €5,113 | +€4,576 | +851.8% |
| Deferred charges and accrued income | 490/1 | €2,860 | €4,154 | +€1,294 | +45.2% |
| Total equity and liabilities | 10/49 | €151,575 | €150,799 | -€776 | -0.5% |
| Equity | 10/15 | €131,752 | €116,535 | -€15,217 | -11.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €130,752 | €115,535 | -€15,217 | -11.6% |
| Distributable reserves | 133 | €130,752 | €115,535 | -€15,217 | -11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,823 | €34,264 | +€14,441 | +72.8% |
| Amounts payable within one year | 42/48 | €19,823 | €34,264 | +€14,441 | +72.8% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €1,900 | €99 | -€1,800 | -94.8% |
| Suppliers | 440/4 | €1,900 | €99 | -€1,800 | -94.8% |
| Advances received on contracts in progress | 46 | - | €1,665 | +€1,665 | |
| Taxes, remuneration and social security | 45 | €17,923 | €12,500 | -€5,424 | -30.3% |
| Taxes | 450/3 | €17,923 | €12,500 | -€5,424 | -30.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627 | €4,306 | +€3,679 | +586.7% |
| Other operating charges | 640/8 | €3,213 | €2,798 | -€416 | -12.9% |
| Non-recurring operating charges | 66A | €515 | €0 | -€515 | -100.0% |
| Gross operating margin | 9900 | €29,909 | €66,295 | +€36,386 | +121.7% |
| Operating profit (loss) | 9901 | €25,554 | €59,192 | +€33,638 | +131.6% |
| Financial income | 75/76B | €3,577 | €4,154 | +€577 | +16.1% |
| Recurring financial income | 75 | €3,577 | €4,154 | +€577 | +16.1% |
| Financial charges | 65/66B | €213 | €533 | +€320 | +150.0% |
| Recurring financial charges | 65 | €213 | €533 | +€320 | +150.0% |
| Profit (loss) for the period before taxes | 9903 | €28,917 | €62,812 | +€33,895 | +117.2% |
| Income taxes | 67/77 | €12,582 | €22,079 | +€9,496 | +75.5% |
| Profit (loss) for the period | 9904 | €16,335 | €40,733 | +€24,398 | +149.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,335 | €40,733 | +€24,398 | +149.4% |
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 11 October 2026 via checked.be.