DSN IMMO: 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.
DSN IMMO
Largest movements
- Tangible fixed assets +€113,998
up €113,998 (+39.0%), from €292,204 to €406,202
- Receivables within one year +€13,679
up €13,679 (+94.1%), from €14,534 to €28,213
of which Trade receivables: +€15,740
- Debts after one year +€97,681
up €97,681 (+44.2%), from €221,128 to €318,809
- Trade debts +€29,468
up €29,468 (+143.5%), from €20,532 to €50,000
- Current portion of long-term debt +€17,037
new in 2025: €17,037
- Profit (loss) carried forward -€11,524
down €11,524 (-27.7%), from -€41,656 to -€53,180
- Gross operating margin +€41,123
up €41,123, from -€19,714 to €21,409
- Financial charges +€10,254
up €10,254 (+266.6%), from €3,846 to €14,100
- Depreciation +€9,048
up €9,048 (+94.5%), from €9,571 to €18,619
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 | €307,939 | €438,738 | +€130,799 | +42.5% |
| Fixed assets | 21/28 | €292,204 | €406,202 | +€113,998 | +39.0% |
| Tangible fixed assets | 22/27 | €292,204 | €406,202 | +€113,998 | +39.0% |
| Land and buildings | 22 | €292,204 | €406,202 | +€113,998 | +39.0% |
| Current assets | 29/58 | €15,735 | €32,536 | +€16,801 | +106.8% |
| Amounts receivable within one year | 40/41 | €14,534 | €28,213 | +€13,679 | +94.1% |
| Trade receivables | 40 | - | €15,740 | +€15,740 | |
| Other amounts receivable | 41 | €14,534 | €12,473 | -€2,061 | -14.2% |
| Cash at bank and in hand | 54/58 | €530 | €2,809 | +€2,279 | +430.0% |
| Deferred charges and accrued income | 490/1 | €671 | €1,514 | +€843 | +125.6% |
| Total equity and liabilities | 10/49 | €307,939 | €438,738 | +€130,799 | +42.5% |
| Equity | 10/15 | -€37,656 | -€49,180 | -€11,524 | -30.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,656 | -€53,180 | -€11,524 | -27.7% |
| Amounts payable | 17/49 | €345,595 | €487,918 | +€142,323 | +41.2% |
| Amounts payable after more than one year | 17 | €221,128 | €318,809 | +€97,681 | +44.2% |
| Financial debts | 170/4 | €221,128 | €318,809 | +€97,681 | +44.2% |
| Amounts payable within one year | 42/48 | €124,467 | €168,209 | +€43,742 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | - | €17,037 | +€17,037 | |
| Trade debts | 44 | €20,532 | €50,000 | +€29,468 | +143.5% |
| Suppliers | 440/4 | €20,532 | €50,000 | +€29,468 | +143.5% |
| Taxes, remuneration and social security | 45 | - | €1,225 | +€1,225 | |
| Taxes | 450/3 | - | €1,225 | +€1,225 | |
| Other amounts payable | 47/48 | €103,935 | €99,947 | -€3,988 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,571 | €18,619 | +€9,048 | +94.5% |
| Other operating charges | 640/8 | €64 | €214 | +€150 | +234.4% |
| Gross operating margin | 9900 | -€19,714 | €21,409 | +€41,123 | |
| Operating profit (loss) | 9901 | -€29,349 | €2,576 | +€31,925 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €3,846 | €14,100 | +€10,254 | +266.6% |
| Recurring financial charges | 65 | €3,846 | €14,100 | +€10,254 | +266.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,181 | -€11,524 | +€21,657 | +65.3% |
| Profit (loss) for the period | 9904 | -€33,181 | -€11,524 | +€21,657 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,181 | -€11,524 | +€21,657 | +65.3% |
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 3 October 2026 via checked.be.