DSProducts: 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.
DSProducts
Largest movements
- Deferred charges and accrued income -€54,291
down €54,291 (-28.1%), from €192,962 to €138,671
- Tangible fixed assets -€46,540
down €46,540 (-5.4%), from €860,147 to €813,607
of which Land and buildings: -€44,814
- Receivables within one year -€26,659
down €26,659 (-2.2%), from €1.2m to €1.2m
of which Other amounts receivable: -€65,264
- Debts after one year -€124,668
down €124,668 (-25.9%), from €480,875 to €356,207
- Other debts -€92,827
down €92,827 (-10.6%), from €872,872 to €780,045
- Reserves +€66,929
up €66,929 (+5.9%), from €1.1m to €1.2m
- Trade debts +€42,030
up €42,030 (+429%), from €9,786 to €51,816
- Financial charges +€23,648
up €23,648 (+168%), from €14,038 to €37,686
- Gross operating margin +€11,858
up €11,858 (+4.1%), from €291,167 to €303,025
- Write-downs +€7,430
new in 2025: €7,430
- Depreciation +€5,520
up €5,520 (+13.5%), from €41,020 to €46,540
- Other operating charges +€5,139
up €5,139 (+174%), from €2,955 to €8,094
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 | €2,644,673 | €2,530,060 | -€114,613 | -4.3% |
| Fixed assets | 21/28 | €1,115,847 | €1,069,307 | -€46,540 | -4.2% |
| Tangible fixed assets | 22/27 | €860,147 | €813,607 | -€46,540 | -5.4% |
| Land and buildings | 22 | €857,610 | €812,795 | -€44,814 | -5.2% |
| Plant, machinery and equipment | 23 | €1,881 | €812 | -€1,069 | -56.8% |
| Furniture and vehicles | 24 | €656 | - | -€656 | |
| Financial fixed assets | 28 | €255,700 | €255,700 | = | 0.0% |
| Current assets | 29/58 | €1,528,826 | €1,460,752 | -€68,073 | -4.5% |
| Stocks and contracts in progress | 3 | €33,371 | €48,653 | +€15,282 | +45.8% |
| Stocks | 30/36 | €33,371 | €48,653 | +€15,282 | +45.8% |
| Amounts receivable within one year | 40/41 | €1,206,562 | €1,179,903 | -€26,659 | -2.2% |
| Trade receivables | 40 | €100,388 | €138,993 | +€38,605 | +38.5% |
| Other amounts receivable | 41 | €1,106,174 | €1,040,910 | -€65,264 | -5.9% |
| Cash at bank and in hand | 54/58 | €95,931 | €93,526 | -€2,405 | -2.5% |
| Deferred charges and accrued income | 490/1 | €192,962 | €138,671 | -€54,291 | -28.1% |
| Total equity and liabilities | 10/49 | €2,644,673 | €2,530,060 | -€114,613 | -4.3% |
| Equity | 10/15 | €1,147,631 | €1,214,560 | +€66,929 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,129,031 | €1,195,960 | +€66,929 | +5.9% |
| Distributable reserves | 133 | €1,129,031 | €1,195,960 | +€66,929 | +5.9% |
| Amounts payable | 17/49 | €1,497,042 | €1,315,500 | -€181,543 | -12.1% |
| Amounts payable after more than one year | 17 | €480,875 | €356,207 | -€124,668 | -25.9% |
| Financial debts | 170/4 | €480,875 | €356,207 | -€124,668 | -25.9% |
| Amounts payable within one year | 42/48 | €1,016,033 | €956,529 | -€59,504 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €120,085 | €124,668 | +€4,583 | +3.8% |
| Trade debts | 44 | €9,786 | €51,816 | +€42,030 | +429% |
| Suppliers | 440/4 | €9,786 | €51,816 | +€42,030 | +429% |
| Taxes, remuneration and social security | 45 | €13,290 | - | -€13,290 | |
| Taxes | 450/3 | €13,290 | - | -€13,290 | |
| Other amounts payable | 47/48 | €872,872 | €780,045 | -€92,827 | -10.6% |
| Accrued charges and deferred income | 492/3 | €134 | €2,763 | +€2,630 | +1,966% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,020 | €46,540 | +€5,520 | +13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,430 | +€7,430 | |
| Other operating charges | 640/8 | €2,955 | €8,094 | +€5,139 | +174% |
| Gross operating margin | 9900 | €291,167 | €303,025 | +€11,858 | +4.1% |
| Operating profit (loss) | 9901 | €247,193 | €240,961 | -€6,232 | -2.5% |
| Financial income | 75/76B | €164,795 | €168,060 | +€3,265 | +2.0% |
| Recurring financial income | 75 | €164,795 | €168,060 | +€3,265 | +2.0% |
| Financial charges | 65/66B | €14,038 | €37,686 | +€23,648 | +168% |
| Recurring financial charges | 65 | €14,038 | €37,686 | +€23,648 | +168% |
| Profit (loss) for the period before taxes | 9903 | €397,949 | €371,335 | -€26,614 | -6.7% |
| Income taxes | 67/77 | €31,729 | €27,866 | -€3,863 | -12.2% |
| Profit (loss) for the period | 9904 | €366,221 | €343,469 | -€22,751 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €366,221 | €343,469 | -€22,751 | -6.2% |
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 19 October 2026 via checked.be.