DSQ: 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.
DSQ
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+25.0%), from €1.0m to €1.3m
- Cash +€119,389
up €119,389 (+1,483%), from €8,048 to €127,437
mainly Net result for the year (+€507,277) and Other debts (+€344,944)
- Tangible fixed assets -€15,625
down €15,625 (-28.8%), from €54,203 to €38,579
of which Furniture and vehicles: -€14,794
- Other debts +€344,944
up €344,944 (+307%), from €112,308 to €457,252
- Debts after one year -€69,827
down €69,827 (-20.5%), from €340,940 to €271,113
- Tax, wage and social debts +€57,013
up €57,013 (+391%), from €14,589 to €71,603
- Gross operating margin +€118,044
up €118,044 (+20.1%), from €588,219 to €706,263
- Taxes +€31,363
up €31,363 (+22.7%), from €138,267 to €169,630
- Financial charges -€10,222
down €10,222 (-43.6%), from €23,440 to €13,219
- Depreciation -€7,399
down €7,399 (-32.1%), from €23,023 to €15,625
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 | €1,066,905 | €1,420,389 | +€353,484 | +33.1% |
| Fixed assets | 21/28 | €1,054,203 | €1,288,579 | +€234,376 | +22.2% |
| Tangible fixed assets | 22/27 | €54,203 | €38,579 | -€15,625 | -28.8% |
| Plant, machinery and equipment | 23 | €863 | €33 | -€830 | -96.2% |
| Furniture and vehicles | 24 | €53,340 | €38,546 | -€14,794 | -27.7% |
| Financial fixed assets | 28 | €1,000,000 | €1,250,000 | +€250,000 | +25.0% |
| Current assets | 29/58 | €12,702 | €131,810 | +€119,108 | +938% |
| Amounts receivable within one year | 40/41 | - | €370 | +€370 | |
| Other amounts receivable | 41 | - | €370 | +€370 | |
| Cash at bank and in hand | 54/58 | €8,048 | €127,437 | +€119,389 | +1,483% |
| Deferred charges and accrued income | 490/1 | €4,654 | €4,003 | -€651 | -14.0% |
| Total equity and liabilities | 10/49 | €1,066,905 | €1,420,389 | +€353,484 | +33.1% |
| Equity | 10/15 | €530,223 | €550,000 | +€19,777 | +3.7% |
| Contributions | 10/11 | €12,500 | €25,000 | +€12,500 | +100% |
| Reserves | 13 | €517,723 | €525,000 | +€7,277 | +1.4% |
| Distributable reserves | 133 | €517,723 | €525,000 | +€7,277 | +1.4% |
| Amounts payable | 17/49 | €536,682 | €870,389 | +€333,707 | +62.2% |
| Amounts payable after more than one year | 17 | €340,940 | €271,113 | -€69,827 | -20.5% |
| Financial debts | 170/4 | €340,940 | €271,113 | -€69,827 | -20.5% |
| Amounts payable within one year | 42/48 | €194,339 | €598,681 | +€404,342 | +208% |
| Current portion of amounts payable after more than one year | 42 | €67,442 | €69,827 | +€2,385 | +3.5% |
| Taxes, remuneration and social security | 45 | €14,589 | €71,603 | +€57,013 | +391% |
| Taxes | 450/3 | €14,589 | €71,603 | +€57,013 | +391% |
| Other amounts payable | 47/48 | €112,308 | €457,252 | +€344,944 | +307% |
| Accrued charges and deferred income | 492/3 | €1,404 | €595 | -€809 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,023 | €15,625 | -€7,399 | -32.1% |
| Other operating charges | 640/8 | €638 | €513 | -€125 | -19.6% |
| Gross operating margin | 9900 | €588,219 | €706,263 | +€118,044 | +20.1% |
| Operating profit (loss) | 9901 | €564,557 | €690,126 | +€125,568 | +22.2% |
| Financial charges | 65/66B | €23,440 | €13,219 | -€10,222 | -43.6% |
| Recurring financial charges | 65 | €23,440 | €13,219 | -€10,222 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €541,117 | €676,907 | +€135,790 | +25.1% |
| Income taxes | 67/77 | €138,267 | €169,630 | +€31,363 | +22.7% |
| Profit (loss) for the period | 9904 | €402,850 | €507,277 | +€104,427 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €402,850 | €507,277 | +€104,427 | +25.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.