DSP-Ventures: 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.
DSP-Ventures
Largest movements
- Intangible fixed assets +€121,415
up €121,415 (+858%), from €14,149 to €135,564
- Receivables within one year -€14,642
down €14,642 (-7.3%), from €199,381 to €184,739
of which Other amounts receivable: -€30,456
- Cash -€11,265
down €11,265 (-16.5%), from €68,214 to €56,949
mainly Investment in fixed assets (net) (-€126,000) and Net result for the year (-€40,367)
- Tangible fixed assets -€6,701
down €6,701 (-57.8%), from €11,589 to €4,887
of which Furniture and vehicles: -€6,025
- Debts after one year +€100,487
new in 2025: €100,487
- Current portion of long-term debt +€33,989
up €33,989 (+1,531%), from €2,220 to €36,208
- Reserves -€24,719
down €24,719 (-94.3%), from €26,219 to €1,500
of which Distributable reserves: -€24,719
- Profit (loss) carried forward -€15,649
new in 2025: -€15,649
- Other debts -€5,135
no longer reported in 2025 (was €5,135)
- Gross operating margin -€106,135
down €106,135 (-27.5%), from €385,597 to €279,462
- Staff costs -€50,023
down €50,023 (-14.1%), from €354,898 to €304,876
- Financial income +€7,610
up €7,610 (+475%), from €1,602 to €9,211
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.
Derived cash bridge
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 | €296,696 | €382,142 | +€85,447 | +28.8% |
| Fixed assets | 21/28 | €25,737 | €140,452 | +€114,714 | +446% |
| Intangible fixed assets | 21 | €14,149 | €135,564 | +€121,415 | +858% |
| Tangible fixed assets | 22/27 | €11,589 | €4,887 | -€6,701 | -57.8% |
| Furniture and vehicles | 24 | €9,572 | €3,547 | -€6,025 | -62.9% |
| Other tangible fixed assets | 26 | €2,016 | €1,340 | -€676 | -33.5% |
| Current assets | 29/58 | €270,958 | €241,691 | -€29,268 | -10.8% |
| Amounts receivable within one year | 40/41 | €199,381 | €184,739 | -€14,642 | -7.3% |
| Trade receivables | 40 | €168,925 | €184,739 | +€15,814 | +9.4% |
| Other amounts receivable | 41 | €30,456 | - | -€30,456 | |
| Cash at bank and in hand | 54/58 | €68,214 | €56,949 | -€11,265 | -16.5% |
| Deferred charges and accrued income | 490/1 | €3,363 | €3 | -€3,360 | -99.9% |
| Total equity and liabilities | 10/49 | €296,696 | €382,142 | +€85,447 | +28.8% |
| Equity | 10/15 | €41,219 | €851 | -€40,367 | -97.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €26,219 | €1,500 | -€24,719 | -94.3% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €24,719 | - | -€24,719 | |
| Profit (loss) carried forward | 14 | - | -€15,649 | -€15,649 | |
| Amounts payable | 17/49 | €255,477 | €381,291 | +€125,814 | +49.2% |
| Amounts payable after more than one year | 17 | - | €100,487 | +€100,487 | |
| Financial debts | 170/4 | - | €100,487 | +€100,487 | |
| Amounts payable within one year | 42/48 | €255,477 | €280,804 | +€25,327 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €2,220 | €36,208 | +€33,989 | +1,531% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €99,449 | €95,449 | -€4,001 | -4.0% |
| Suppliers | 440/4 | €99,449 | €95,449 | -€4,001 | -4.0% |
| Taxes, remuneration and social security | 45 | €48,673 | €49,147 | +€474 | +1.0% |
| Taxes | 450/3 | €2,271 | €13,997 | +€11,727 | +516% |
| Remuneration and social security | 454/9 | €46,403 | €35,150 | -€11,253 | -24.3% |
| Other amounts payable | 47/48 | €5,135 | - | -€5,135 | |
| Remuneration, social security and pensions | 62 | €354,898 | €304,876 | -€50,023 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,759 | €11,286 | -€474 | -4.0% |
| Other operating charges | 640/8 | €752 | €203 | -€549 | -73.0% |
| Gross operating margin | 9900 | €385,597 | €279,462 | -€106,135 | -27.5% |
| Operating profit (loss) | 9901 | €18,187 | -€36,902 | -€55,089 | |
| Financial income | 75/76B | €1,602 | €9,211 | +€7,610 | +475% |
| Recurring financial income | 75 | €1,602 | €9,211 | +€7,610 | +475% |
| Financial charges | 65/66B | €12,076 | €12,292 | +€216 | +1.8% |
| Recurring financial charges | 65 | €12,076 | €12,292 | +€216 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €7,713 | -€39,983 | -€47,696 | |
| Income taxes | 67/77 | €301 | €384 | +€83 | +27.7% |
| Profit (loss) for the period | 9904 | €7,412 | -€40,367 | -€47,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,412 | -€40,367 | -€47,779 |
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 14 October 2026 via checked.be.