DSMed: 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.
DSMed
Largest movements
- Cash +€46,340
up €46,340 (+99.1%), from €46,753 to €93,093
mainly Other debts (+€82,608) and Net result for the year (+€61,319)
- Tangible fixed assets -€19,011
down €19,011 (-5.3%), from €357,156 to €338,145
of which Land and buildings: -€13,032
- Receivables within one year +€5,520
up €5,520 (+31.0%), from €17,793 to €23,312
of which Trade receivables: +€5,000
- Other debts +€82,608
up €82,608 (+182.3%), from €45,310 to €127,918
- Reserves -€29,075
down €29,075 (-33.8%), from €86,089 to €57,014
of which Distributable reserves: -€29,075
- Debts after one year -€13,531
down €13,531 (-5.3%), from €253,012 to €239,481
- Gross operating margin +€10,085
up €10,085 (+10.4%), from €96,831 to €106,916
- Depreciation +€5,412
up €5,412 (+27.8%), from €19,480 to €24,891
- Other operating charges -€1,488
down €1,488 (-73.4%), from €2,026 to €538
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 | €424,716 | €459,345 | +€34,629 | +8.2% |
| Fixed assets | 21/28 | €357,756 | €338,745 | -€19,011 | -5.3% |
| Tangible fixed assets | 22/27 | €357,156 | €338,145 | -€19,011 | -5.3% |
| Land and buildings | 22 | €315,895 | €302,864 | -€13,032 | -4.1% |
| Plant, machinery and equipment | 23 | €16,358 | €16,070 | -€288 | -1.8% |
| Furniture and vehicles | 24 | €23,499 | €18,275 | -€5,224 | -22.2% |
| Other tangible fixed assets | 26 | €1,405 | €936 | -€468 | -33.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €66,959 | €120,599 | +€53,640 | +80.1% |
| Amounts receivable within one year | 40/41 | €17,793 | €23,312 | +€5,520 | +31.0% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €17,793 | €18,312 | +€520 | +2.9% |
| Cash at bank and in hand | 54/58 | €46,753 | €93,093 | +€46,340 | +99.1% |
| Deferred charges and accrued income | 490/1 | €2,414 | €4,194 | +€1,780 | +73.7% |
| Total equity and liabilities | 10/49 | €424,716 | €459,345 | +€34,629 | +8.2% |
| Equity | 10/15 | €104,689 | €75,614 | -€29,075 | -27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,089 | €57,014 | -€29,075 | -33.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €84,229 | €55,154 | -€29,075 | -34.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €320,026 | €383,730 | +€63,704 | +19.9% |
| Amounts payable after more than one year | 17 | €253,012 | €239,481 | -€13,531 | -5.3% |
| Financial debts | 170/4 | €253,012 | €239,481 | -€13,531 | -5.3% |
| Amounts payable within one year | 42/48 | €67,015 | €144,249 | +€77,235 | +115.3% |
| Current portion of amounts payable after more than one year | 42 | €15,800 | €14,754 | -€1,047 | -6.6% |
| Trade debts | 44 | €2,054 | €1,577 | -€477 | -23.2% |
| Suppliers | 440/4 | €2,054 | €1,577 | -€477 | -23.2% |
| Taxes, remuneration and social security | 45 | €3,850 | €0 | -€3,850 | -100.0% |
| Taxes | 450/3 | €3,850 | €0 | -€3,850 | -100.0% |
| Other amounts payable | 47/48 | €45,310 | €127,918 | +€82,608 | +182.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €597 | €0 | -€597 | -100.0% |
| Remuneration, social security and pensions | 62 | €295 | €601 | +€306 | +104.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,480 | €24,891 | +€5,412 | +27.8% |
| Other operating charges | 640/8 | €2,026 | €538 | -€1,488 | -73.4% |
| Gross operating margin | 9900 | €96,831 | €106,916 | +€10,085 | +10.4% |
| Operating profit (loss) | 9901 | €75,031 | €80,886 | +€5,855 | +7.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,898 | €3,574 | -€324 | -8.3% |
| Recurring financial charges | 65 | €3,898 | €3,574 | -€324 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €71,133 | €77,312 | +€6,179 | +8.7% |
| Income taxes | 67/77 | €17,058 | €15,993 | -€1,065 | -6.2% |
| Profit (loss) for the period | 9904 | €54,075 | €61,319 | +€7,243 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,075 | €61,319 | +€7,243 | +13.4% |
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 5 October 2026 via checked.be.