DSM17: what changed
Two fiscal 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.
DSM17
Largest movements
- Receivables within one year +€40,783
up €40,783 (+159.0%), from €25,656 to €66,439
- Intangible fixed assets -€36,000
down €36,000 (-13.0%), from €277,014 to €241,014
- Tangible fixed assets -€5,519
down €5,519 (-23.8%), from €23,176 to €17,657
of which Furniture and vehicles: -€6,758
- Cash +€4,569
up €4,569 (+563.4%), from €811 to €5,380
mainly Depreciation (+€42,824) and Trade debts (+€26,638)
- Debts after one year -€31,776
down €31,776 (-13.7%), from €231,596 to €199,820
- Trade debts +€26,638
up €26,638 (+19.6%), from €135,926 to €162,564
- Other debts +€17,964
up €17,964 (+25.8%), from €69,522 to €87,486
- Profit (loss) carried forward -€15,232
down €15,232 (-9.0%), from -€169,382 to -€184,614
- Current portion of long-term debt +€4,674
up €4,674 (+15.2%), from €30,663 to €35,337
- Staff costs -€22,687
down €22,687 (-19.8%), from €114,575 to €91,888
- Depreciation +€9,214
up €9,214 (+27.4%), from €33,610 to €42,824
- Gross operating margin -€4,313
down €4,313 (-2.9%), from €146,419 to €142,106
- Other operating charges +€2,710
up €2,710 (+68.7%), from €3,946 to €6,656
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 | €341,033 | €344,690 | +€3,657 | +1.1% |
| Fixed assets | 21/28 | €312,066 | €270,547 | -€41,519 | -13.3% |
| Intangible fixed assets | 21 | €277,014 | €241,014 | -€36,000 | -13.0% |
| Tangible fixed assets | 22/27 | €23,176 | €17,657 | -€5,519 | -23.8% |
| Land and buildings | 22 | - | €1,239 | +€1,239 | |
| Furniture and vehicles | 24 | €23,176 | €16,418 | -€6,758 | -29.2% |
| Financial fixed assets | 28 | €11,876 | €11,876 | = | 0.0% |
| Current assets | 29/58 | €28,967 | €74,143 | +€45,176 | +156.0% |
| Stocks and contracts in progress | 3 | €2,500 | €2,324 | -€176 | -7.0% |
| Stocks | 30/36 | €2,500 | €2,324 | -€176 | -7.0% |
| Amounts receivable within one year | 40/41 | €25,656 | €66,439 | +€40,783 | +159.0% |
| Trade receivables | 40 | €25,656 | €66,439 | +€40,783 | +159.0% |
| Cash at bank and in hand | 54/58 | €811 | €5,380 | +€4,569 | +563.4% |
| Total equity and liabilities | 10/49 | €341,033 | €344,690 | +€3,657 | +1.1% |
| Equity | 10/15 | -€149,382 | -€164,614 | -€15,232 | -10.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,382 | -€184,614 | -€15,232 | -9.0% |
| Amounts payable | 17/49 | €490,415 | €509,304 | +€18,889 | +3.9% |
| Amounts payable after more than one year | 17 | €231,596 | €199,820 | -€31,776 | -13.7% |
| Financial debts | 170/4 | €231,596 | €199,820 | -€31,776 | -13.7% |
| Amounts payable within one year | 42/48 | €258,819 | €309,484 | +€50,665 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €30,663 | €35,337 | +€4,674 | +15.2% |
| Trade debts | 44 | €135,926 | €162,564 | +€26,638 | +19.6% |
| Suppliers | 440/4 | €135,926 | €162,564 | +€26,638 | +19.6% |
| Taxes, remuneration and social security | 45 | €22,708 | €24,097 | +€1,389 | +6.1% |
| Taxes | 450/3 | €6,159 | €5,424 | -€735 | -11.9% |
| Remuneration and social security | 454/9 | €16,549 | €18,673 | +€2,124 | +12.8% |
| Other amounts payable | 47/48 | €69,522 | €87,486 | +€17,964 | +25.8% |
| Non-recurring operating income | 76A | €35,102 | €12,533 | -€22,569 | -64.3% |
| Remuneration, social security and pensions | 62 | €114,575 | €91,888 | -€22,687 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,610 | €42,824 | +€9,214 | +27.4% |
| Other operating charges | 640/8 | €3,946 | €6,656 | +€2,710 | +68.7% |
| Gross operating margin | 9900 | €146,419 | €142,106 | -€4,313 | -2.9% |
| Operating profit (loss) | 9901 | -€5,712 | €738 | +€6,450 | |
| Financial income | 75/76B | €5 | €18 | +€13 | +260.0% |
| Recurring financial income | 75 | €5 | €18 | +€13 | +260.0% |
| Financial charges | 65/66B | €17,203 | €15,988 | -€1,215 | -7.1% |
| Recurring financial charges | 65 | €17,203 | €15,988 | -€1,215 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,910 | -€15,232 | +€7,678 | +33.5% |
| Profit (loss) for the period | 9904 | -€22,910 | -€15,232 | +€7,678 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,910 | -€15,232 | +€7,678 | +33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.