DST: 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.
DST
Largest movements
- Cash +€388,901
up €388,901 (+538.8%), from €72,184 to €461,085
mainly Investment in fixed assets (net) (+€347,856) and Tax, wage and social debts (+€95,138)
- Tangible fixed assets -€347,856
no longer reported in 2025 (was €347,856)
- Receivables within one year -€23,864
down €23,864 (-32.3%), from €73,864 to €50,000
- Tax, wage and social debts +€95,138
up €95,138 (+40122.2%), from €237 to €95,375
- Provisions -€67,338
no longer reported in 2025 (was €67,338)
- Reserves -€11,427
down €11,427 (-3.0%), from €383,717 to €372,290
of which Tax-exempt reserves: -€202,014
- Taxes +€95,138
up €95,138 (+40122.2%), from €237 to €95,375
- Gross operating margin +€10,096
up €10,096 (+135.6%), from €7,443 to €17,540
- Depreciation -€9,164
no longer reported in 2025 (was €9,164)
- Financial income -€1,404
no longer reported in 2025 (was €1,404)
- Other operating charges +€903
new in 2025: €903
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 | €494,013 | €511,271 | +€17,258 | +3.5% |
| Fixed assets | 21/28 | €347,856 | - | -€347,856 | |
| Tangible fixed assets | 22/27 | €347,856 | - | -€347,856 | |
| Land and buildings | 22 | €347,856 | - | -€347,856 | |
| Current assets | 29/58 | €146,157 | €511,271 | +€365,113 | +249.8% |
| Amounts receivable within one year | 40/41 | €73,864 | €50,000 | -€23,864 | -32.3% |
| Other amounts receivable | 41 | €73,864 | €50,000 | -€23,864 | -32.3% |
| Cash at bank and in hand | 54/58 | €72,184 | €461,085 | +€388,901 | +538.8% |
| Deferred charges and accrued income | 490/1 | €109 | €186 | +€76 | +69.9% |
| Total equity and liabilities | 10/49 | €494,013 | €511,271 | +€17,258 | +3.5% |
| Equity | 10/15 | €426,048 | €414,621 | -€11,427 | -2.7% |
| Contributions | 10/11 | €100,430 | €100,430 | = | 0.0% |
| Reserves | 13 | €383,717 | €372,290 | -€11,427 | -3.0% |
| Non-distributable reserves | 130/1 | €7,075 | €7,075 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,075 | €7,075 | = | 0.0% |
| Tax-exempt reserves | 132 | €202,014 | - | -€202,014 | |
| Distributable reserves | 133 | €174,628 | €365,215 | +€190,587 | +109.1% |
| Profit (loss) carried forward | 14 | -€58,099 | -€58,099 | = | 0.0% |
| Provisions and deferred taxes | 16 | €67,338 | - | -€67,338 | |
| Deferred taxes | 168 | €67,338 | - | -€67,338 | |
| Amounts payable | 17/49 | €626 | €96,650 | +€96,023 | +15330.1% |
| Amounts payable within one year | 42/48 | €626 | €96,650 | +€96,023 | +15330.1% |
| Trade debts | 44 | €389 | €13 | -€376 | -96.7% |
| Suppliers | 440/4 | €389 | €13 | -€376 | -96.7% |
| Taxes, remuneration and social security | 45 | €237 | €95,375 | +€95,138 | +40122.2% |
| Taxes | 450/3 | €237 | €95,375 | +€95,138 | +40122.2% |
| Other amounts payable | 47/48 | - | €1,262 | +€1,262 | |
| Non-recurring operating income | 76A | €238 | €24,684 | +€24,447 | +10277.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,164 | - | -€9,164 | |
| Other operating charges | 640/8 | - | €903 | +€903 | |
| Gross operating margin | 9900 | €7,443 | €17,540 | +€10,096 | +135.6% |
| Operating profit (loss) | 9901 | -€1,720 | €16,637 | +€18,357 | |
| Financial income | 75/76B | €1,404 | - | -€1,404 | |
| Recurring financial income | 75 | €1,404 | - | -€1,404 | |
| Financial charges | 65/66B | -€25 | €27 | +€53 | |
| Recurring financial charges | 65 | -€25 | €27 | +€53 | |
| Profit (loss) for the period before taxes | 9903 | -€291 | €16,610 | +€16,901 | |
| Transfer from deferred taxes | 780 | €2,114 | €67,338 | +€65,224 | +3084.9% |
| Income taxes | 67/77 | €237 | €95,375 | +€95,138 | +40122.2% |
| Profit (loss) for the period | 9904 | €1,586 | -€11,427 | -€13,013 | |
| Transfer from tax-exempt reserves | 789 | €6,343 | €202,014 | +€195,672 | +3084.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,929 | €190,587 | +€182,658 | +2303.7% |
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 12 October 2026 via checked.be.