DSV MACHINERY: 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.
DSV MACHINERY
Largest movements
- Receivables after one year +€200,000
up €200,000 (+36.4%), from €550,000 to €750,000
- Tangible fixed assets +€167,202
up €167,202 (+43.2%), from €387,476 to €554,678
- Cash +€128,912
up €128,912 (+246%), from €52,495 to €181,406
mainly Net result for the year (+€222,250) and Trade debts (+€179,478)
- Stocks and contracts -€110,000
down €110,000 (-44.0%), from €250,000 to €140,000
- Receivables within one year +€33,141
up €33,141 (+10.8%), from €307,653 to €340,795
of which Other amounts receivable: +€64,905
- Reserves +€222,000
up €222,000 (+236%), from €94,000 to €316,000
- Trade debts +€179,478
up €179,478 (+66.1%), from €271,724 to €451,201
- Other debts -€79,900
down €79,900 (-15.7%), from €510,253 to €430,353
- Tax, wage and social debts +€75,328
up €75,328 (+200%), from €37,663 to €112,991
- Debts after one year +€24,452
up €24,452 (+3.2%), from €766,056 to €790,508
- Gross operating margin +€114,818
up €114,818 (+41.6%), from €275,779 to €390,597
- Depreciation -€48,726
down €48,726 (-80.5%), from €60,524 to €11,798
- Taxes +€38,107
up €38,107 (+102%), from €37,221 to €75,328
- Financial charges -€17,662
down €17,662 (-23.1%), from €76,321 to €58,659
- Other operating charges +€15,160
up €15,160 (+205%), from €7,402 to €22,562
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 | €1,748,172 | €2,167,458 | +€419,286 | +24.0% |
| Fixed assets | 21/28 | €587,476 | €754,678 | +€167,202 | +28.5% |
| Tangible fixed assets | 22/27 | €387,476 | €554,678 | +€167,202 | +43.2% |
| Land and buildings | 22 | €387,476 | €554,678 | +€167,202 | +43.2% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €1,160,696 | €1,412,780 | +€252,084 | +21.7% |
| Amounts receivable after more than one year | 29 | €550,000 | €750,000 | +€200,000 | +36.4% |
| Other amounts receivable | 291 | €550,000 | €750,000 | +€200,000 | +36.4% |
| Stocks and contracts in progress | 3 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Stocks | 30/36 | €250,000 | €140,000 | -€110,000 | -44.0% |
| Amounts receivable within one year | 40/41 | €307,653 | €340,795 | +€33,141 | +10.8% |
| Trade receivables | 40 | €301,405 | €269,641 | -€31,764 | -10.5% |
| Other amounts receivable | 41 | €6,249 | €71,154 | +€64,905 | +1,039% |
| Cash at bank and in hand | 54/58 | €52,495 | €181,406 | +€128,912 | +246% |
| Deferred charges and accrued income | 490/1 | €548 | €579 | +€31 | +5.7% |
| Total equity and liabilities | 10/49 | €1,748,172 | €2,167,458 | +€419,286 | +24.0% |
| Equity | 10/15 | €104,311 | €326,562 | +€222,250 | +213% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €94,000 | €316,000 | +€222,000 | +236% |
| Distributable reserves | 133 | €94,000 | €316,000 | +€222,000 | +236% |
| Profit (loss) carried forward | 14 | €311 | €562 | +€250 | +80.4% |
| Amounts payable | 17/49 | €1,643,860 | €1,840,896 | +€197,036 | +12.0% |
| Amounts payable after more than one year | 17 | €766,056 | €790,508 | +€24,452 | +3.2% |
| Financial debts | 170/4 | €766,056 | €790,508 | +€24,452 | +3.2% |
| Amounts payable within one year | 42/48 | €872,044 | €1,050,388 | +€178,344 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €16,651 | €30,548 | +€13,896 | +83.5% |
| Financial debts | 43 | €35,753 | €25,295 | -€10,458 | -29.3% |
| Credit institutions | 430/8 | €35,753 | €25,295 | -€10,458 | -29.3% |
| Trade debts | 44 | €271,724 | €451,201 | +€179,478 | +66.1% |
| Suppliers | 440/4 | €271,724 | €451,201 | +€179,478 | +66.1% |
| Taxes, remuneration and social security | 45 | €37,663 | €112,991 | +€75,328 | +200% |
| Taxes | 450/3 | €37,663 | €112,991 | +€75,328 | +200% |
| Other amounts payable | 47/48 | €510,253 | €430,353 | -€79,900 | -15.7% |
| Accrued charges and deferred income | 492/3 | €5,760 | €0 | -€5,760 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,524 | €11,798 | -€48,726 | -80.5% |
| Other operating charges | 640/8 | €7,402 | €22,562 | +€15,160 | +205% |
| Gross operating margin | 9900 | €275,779 | €390,597 | +€114,818 | +41.6% |
| Operating profit (loss) | 9901 | €207,853 | €356,237 | +€148,384 | +71.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €76,321 | €58,659 | -€17,662 | -23.1% |
| Recurring financial charges | 65 | €76,321 | €58,659 | -€17,662 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €131,532 | €297,578 | +€166,046 | +126% |
| Income taxes | 67/77 | €37,221 | €75,328 | +€38,107 | +102% |
| Profit (loss) for the period | 9904 | €94,311 | €222,250 | +€127,939 | +136% |
| Profit (loss) for the period to be appropriated | 9905 | €94,311 | €222,250 | +€127,939 | +136% |
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 18 October 2026 via checked.be.