DSR: 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.
DSR
Largest movements
- Tangible fixed assets -€9,731
down €9,731 (-18.9%), from €51,517 to €41,786
of which Other tangible fixed assets: -€38,948
- Cash +€7,402
new in 2025: €7,402
mainly Depreciation (+€10,724) and Net result for the year (+€9,469)
- Receivables within one year +€1,210
up €1,210 (+10.0%), from €12,100 to €13,310
- Intangible fixed assets -€993
down €993 (-100.0%), from €993 to €0
- Deferred charges and accrued income -€799
down €799 (-100.0%), from €799 to €0
- Debts after one year -€11,359
down €11,359 (-28.5%), from €39,855 to €28,496
- Profit (loss) carried forward +€9,469
up €9,469 (+66.8%), from -€14,176 to -€4,707
- Other debts +€7,779
up €7,779 (+2322.3%), from €335 to €8,114
- Tax, wage and social debts -€6,461
down €6,461 (-48.3%), from €13,377 to €6,917
of which Taxes: -€5,808
- Short-term financial debts -€3,352
down €3,352 (-100.0%), from €3,352 to €0
- Gross operating margin +€21,989
up €21,989 (+699.9%), from €3,142 to €25,131
- Other operating charges -€2,182
down €2,182 (-67.3%), from €3,243 to €1,061
- Taxes +€1,021
up €1,021 (+382.8%), from €267 to €1,287
- Financial charges -€685
down €685 (-20.9%), from €3,278 to €2,594
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 | €65,410 | €62,499 | -€2,911 | -4.5% |
| Fixed assets | 21/28 | €52,510 | €41,786 | -€10,724 | -20.4% |
| Intangible fixed assets | 21 | €993 | €0 | -€993 | -100.0% |
| Tangible fixed assets | 22/27 | €51,517 | €41,786 | -€9,731 | -18.9% |
| Land and buildings | 22 | - | €34,480 | +€34,480 | |
| Plant, machinery and equipment | 23 | €4,944 | €2,677 | -€2,267 | -45.9% |
| Leasing and similar rights | 25 | €7,625 | €4,629 | -€2,996 | -39.3% |
| Other tangible fixed assets | 26 | €38,948 | - | -€38,948 | |
| Current assets | 29/58 | €12,899 | €20,712 | +€7,813 | +60.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €13,310 | +€1,210 | +10.0% |
| Trade receivables | 40 | €12,100 | €13,310 | +€1,210 | +10.0% |
| Cash at bank and in hand | 54/58 | - | €7,402 | +€7,402 | |
| Deferred charges and accrued income | 490/1 | €799 | €0 | -€799 | -100.0% |
| Total equity and liabilities | 10/49 | €65,410 | €62,499 | -€2,911 | -4.5% |
| Equity | 10/15 | -€5,622 | €3,847 | +€9,469 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,554 | €7,554 | = | 0.0% |
| Distributable reserves | 133 | €7,554 | €7,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,176 | -€4,707 | +€9,469 | +66.8% |
| Amounts payable | 17/49 | €71,032 | €58,652 | -€12,380 | -17.4% |
| Amounts payable after more than one year | 17 | €39,855 | €28,496 | -€11,359 | -28.5% |
| Financial debts | 170/4 | €39,855 | €28,496 | -€11,359 | -28.5% |
| Amounts payable within one year | 42/48 | €31,027 | €30,070 | -€957 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €11,799 | €13,195 | +€1,396 | +11.8% |
| Financial debts | 43 | €3,352 | €0 | -€3,352 | -100.0% |
| Credit institutions | 430/8 | €3,352 | €0 | -€3,352 | -100.0% |
| Trade debts | 44 | €2,164 | €1,845 | -€320 | -14.8% |
| Suppliers | 440/4 | €2,164 | €1,845 | -€320 | -14.8% |
| Taxes, remuneration and social security | 45 | €13,377 | €6,917 | -€6,461 | -48.3% |
| Taxes | 450/3 | €9,924 | €4,117 | -€5,808 | -58.5% |
| Remuneration and social security | 454/9 | €3,453 | €2,800 | -€653 | -18.9% |
| Other amounts payable | 47/48 | €335 | €8,114 | +€7,779 | +2322.3% |
| Accrued charges and deferred income | 492/3 | €150 | €86 | -€64 | -42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,533 | €10,724 | +€191 | +1.8% |
| Other operating charges | 640/8 | €3,243 | €1,061 | -€2,182 | -67.3% |
| Gross operating margin | 9900 | €3,142 | €25,131 | +€21,989 | +699.9% |
| Operating profit (loss) | 9901 | -€10,634 | €13,345 | +€23,980 | |
| Financial income | 75/76B | €3 | €5 | +€2 | +64.7% |
| Recurring financial income | 75 | €3 | €5 | +€2 | +64.7% |
| Financial charges | 65/66B | €3,278 | €2,594 | -€685 | -20.9% |
| Recurring financial charges | 65 | €3,278 | €2,594 | -€685 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,910 | €10,756 | +€24,666 | |
| Income taxes | 67/77 | €267 | €1,287 | +€1,021 | +382.8% |
| Profit (loss) for the period | 9904 | -€14,176 | €9,469 | +€23,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,176 | €9,469 | +€23,645 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.