DSP INTERFACE: 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.
DSP INTERFACE
Largest movements
- Tangible fixed assets +€648,624
up €648,624 (+1011.2%), from €64,145 to €712,769
of which Land and buildings: +€666,589
- Cash -€127,638
down €127,638 (-55.7%), from €229,356 to €101,719
mainly Investment in fixed assets (net) (-€688,014) and Receivables within one year (-€30,747)
- Receivables within one year +€30,747
up €30,747 (+21.4%), from €143,533 to €174,280
of which Trade receivables: +€34,180
- Debts after one year +€546,495
up €546,495 (+2541.7%), from €21,501 to €567,995
- Profit (loss) carried forward +€27,242
up €27,242 (+45.8%), from €59,479 to €86,721
- Current portion of long-term debt +€22,854
up €22,854 (+184.5%), from €12,385 to €35,238
- Trade debts -€20,318
down €20,318 (-31.8%), from €63,965 to €43,647
- Reserves -€19,098
down €19,098 (-7.4%), from €258,280 to €239,182
- Staff costs +€29,475
up €29,475 (+12.7%), from €231,556 to €261,031
- Write-downs -€23,551
down €23,551, from €9,551 to -€14,000
- Gross operating margin +€21,922
up €21,922 (+6.7%), from €329,495 to €351,418
- Financial charges +€18,905
up €18,905 (+657.9%), from €2,874 to €21,779
- Depreciation +€15,698
up €15,698 (+66.3%), from €23,692 to €39,390
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 | €522,474 | €1,066,056 | +€543,582 | +104.0% |
| Fixed assets | 21/28 | €64,145 | €712,769 | +€648,624 | +1011.2% |
| Tangible fixed assets | 22/27 | €64,145 | €712,769 | +€648,624 | +1011.2% |
| Land and buildings | 22 | - | €666,589 | +€666,589 | |
| Plant, machinery and equipment | 23 | €610 | €1,532 | +€921 | +150.9% |
| Furniture and vehicles | 24 | €61,149 | €42,700 | -€18,449 | -30.2% |
| Other tangible fixed assets | 26 | €2,386 | €1,948 | -€438 | -18.3% |
| Current assets | 29/58 | €458,330 | €353,287 | -€105,042 | -22.9% |
| Stocks and contracts in progress | 3 | €75,930 | €71,700 | -€4,230 | -5.6% |
| Stocks | 30/36 | €75,930 | €71,700 | -€4,230 | -5.6% |
| Amounts receivable within one year | 40/41 | €143,533 | €174,280 | +€30,747 | +21.4% |
| Trade receivables | 40 | €130,891 | €165,071 | +€34,180 | +26.1% |
| Other amounts receivable | 41 | €12,642 | €9,208 | -€3,433 | -27.2% |
| Cash at bank and in hand | 54/58 | €229,356 | €101,719 | -€127,638 | -55.7% |
| Deferred charges and accrued income | 490/1 | €9,510 | €5,589 | -€3,922 | -41.2% |
| Total equity and liabilities | 10/49 | €522,474 | €1,066,056 | +€543,582 | +104.0% |
| Equity | 10/15 | €338,681 | €344,923 | +€6,242 | +1.8% |
| Contributions | 10/11 | €20,922 | €19,020 | -€1,902 | -9.1% |
| Reserves | 13 | €258,280 | €239,182 | -€19,098 | -7.4% |
| Distributable reserves | 133 | €258,280 | €239,182 | -€19,098 | -7.4% |
| Profit (loss) carried forward | 14 | €59,479 | €86,721 | +€27,242 | +45.8% |
| Amounts payable | 17/49 | €183,793 | €721,133 | +€537,340 | +292.4% |
| Amounts payable after more than one year | 17 | €21,501 | €567,995 | +€546,495 | +2541.7% |
| Financial debts | 170/4 | €21,501 | €567,995 | +€546,495 | +2541.7% |
| Amounts payable within one year | 42/48 | €152,048 | €153,138 | +€1,090 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €12,385 | €35,238 | +€22,854 | +184.5% |
| Financial debts | 43 | €17,244 | €15,093 | -€2,151 | -12.5% |
| Credit institutions | 430/8 | €17,244 | €15,093 | -€2,151 | -12.5% |
| Trade debts | 44 | €63,965 | €43,647 | -€20,318 | -31.8% |
| Suppliers | 440/4 | €63,965 | €43,647 | -€20,318 | -31.8% |
| Advances received on contracts in progress | 46 | €99 | - | -€99 | |
| Taxes, remuneration and social security | 45 | €53,043 | €45,172 | -€7,871 | -14.8% |
| Taxes | 450/3 | €17,118 | €15,952 | -€1,166 | -6.8% |
| Remuneration and social security | 454/9 | €35,925 | €29,220 | -€6,705 | -18.7% |
| Other amounts payable | 47/48 | €5,312 | €13,988 | +€8,676 | +163.3% |
| Accrued charges and deferred income | 492/3 | €10,245 | - | -€10,245 | |
| Remuneration, social security and pensions | 62 | €231,556 | €261,031 | +€29,475 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,692 | €39,390 | +€15,698 | +66.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,551 | -€14,000 | -€23,551 | |
| Other operating charges | 640/8 | €1,408 | €5,486 | +€4,078 | +289.7% |
| Non-recurring operating charges | 66A | €303 | - | -€303 | |
| Gross operating margin | 9900 | €329,495 | €351,418 | +€21,922 | +6.7% |
| Operating profit (loss) | 9901 | €62,985 | €59,510 | -€3,475 | -5.5% |
| Financial income | 75/76B | €2,815 | €504 | -€2,311 | -82.1% |
| Recurring financial income | 75 | €2,815 | €504 | -€2,311 | -82.1% |
| Financial charges | 65/66B | €2,874 | €21,779 | +€18,905 | +657.9% |
| Recurring financial charges | 65 | €2,874 | €21,779 | +€18,905 | +657.9% |
| Profit (loss) for the period before taxes | 9903 | €62,927 | €38,236 | -€24,691 | -39.2% |
| Transfer from deferred taxes | 780 | €470 | - | -€470 | |
| Income taxes | 67/77 | €19,497 | €10,994 | -€8,503 | -43.6% |
| Profit (loss) for the period | 9904 | €43,900 | €27,242 | -€16,658 | -37.9% |
| Transfer from tax-exempt reserves | 789 | €1,880 | - | -€1,880 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,780 | €27,242 | -€18,539 | -40.5% |
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 2 October 2026 via checked.be.