DSVD Accounting: what changed
DSVD Accounting
Largest movements
- Tangible fixed assets +€439,828
up €439,828 (+3,136%), from €14,026 to €453,854
of which Land and buildings: +€407,107
- Cash -€56,302
down €56,302 (-55.3%), from €101,776 to €45,474
mainly Investment in fixed assets (net) (-€453,748) and Contributions, distributions and other (-€137,971)
- Receivables within one year -€49,309
down €49,309 (-49.4%), from €99,724 to €50,415
of which Trade receivables: -€49,321
- Debts after one year +€328,559
up €328,559 (+95,575%), from €344 to €328,902
- Profit (loss) carried forward -€111,770
down €111,770 (-82.1%), from €136,116 to €24,346
- Other debts +€90,885
up €90,885 (+341%), from €26,645 to €117,531
- Current portion of long-term debt +€18,360
up €18,360 (+448%), from €4,096 to €22,457
- Tax, wage and social debts +€11,450
up €11,450 (+42.5%), from €26,941 to €38,391
of which Taxes: +€7,555
- Gross operating margin -€25,052
down €25,052 (-30.0%), from €83,449 to €58,398
- Depreciation +€8,885
up €8,885 (+176%), from €5,035 to €13,919
- Taxes -€7,169
down €7,169 (-40.2%), from €17,856 to €10,687
- Financial charges +€6,147
up €6,147 (+1,801%), from €341 to €6,488
- Financial income -€936
down €936 (-71.4%), from €1,310 to €374
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,275 | €552,739 | +€334,464 | +153% |
| Fixed assets | 21/28 | €14,026 | €453,854 | +€439,828 | +3,136% |
| Tangible fixed assets | 22/27 | €14,026 | €453,854 | +€439,828 | +3,136% |
| Land and buildings | 22 | €10,388 | €417,495 | +€407,107 | +3,919% |
| Furniture and vehicles | 24 | €3,638 | €36,360 | +€32,721 | +899% |
| Current assets | 29/58 | €204,249 | €98,885 | -€105,364 | -51.6% |
| Amounts receivable within one year | 40/41 | €99,724 | €50,415 | -€49,309 | -49.4% |
| Trade receivables | 40 | €72,030 | €22,709 | -€49,321 | -68.5% |
| Other amounts receivable | 41 | €27,694 | €27,706 | +€11 | 0.0% |
| Cash at bank and in hand | 54/58 | €101,776 | €45,474 | -€56,302 | -55.3% |
| Deferred charges and accrued income | 490/1 | €2,749 | €2,996 | +€247 | +9.0% |
| Total equity and liabilities | 10/49 | €218,275 | €552,739 | +€334,464 | +153% |
| Equity | 10/15 | €156,521 | €42,896 | -€113,625 | -72.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €1,855 | - | -€1,855 | |
| Profit (loss) carried forward | 14 | €136,116 | €24,346 | -€111,770 | -82.1% |
| Amounts payable | 17/49 | €61,755 | €509,843 | +€448,089 | +726% |
| Amounts payable after more than one year | 17 | €344 | €328,902 | +€328,559 | +95,575% |
| Financial debts | 170/4 | €344 | €328,902 | +€328,559 | +95,575% |
| Amounts payable within one year | 42/48 | €61,411 | €179,336 | +€117,926 | +192% |
| Current portion of amounts payable after more than one year | 42 | €4,096 | €22,457 | +€18,360 | +448% |
| Trade debts | 44 | €3,729 | €958 | -€2,770 | -74.3% |
| Suppliers | 440/4 | €3,729 | €958 | -€2,770 | -74.3% |
| Taxes, remuneration and social security | 45 | €26,941 | €38,391 | +€11,450 | +42.5% |
| Taxes | 450/3 | €26,384 | €33,939 | +€7,555 | +28.6% |
| Remuneration and social security | 454/9 | €557 | €4,452 | +€3,895 | +700% |
| Other amounts payable | 47/48 | €26,645 | €117,531 | +€90,885 | +341% |
| Accrued charges and deferred income | 492/3 | - | €1,605 | +€1,605 | |
| Remuneration, social security and pensions | 62 | €423 | €1,292 | +€869 | +205% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,035 | €13,919 | +€8,885 | +176% |
| Other operating charges | 640/8 | €1,480 | €2,039 | +€560 | +37.8% |
| Gross operating margin | 9900 | €83,449 | €58,398 | -€25,052 | -30.0% |
| Operating profit (loss) | 9901 | €76,511 | €41,147 | -€35,365 | -46.2% |
| Financial income | 75/76B | €1,310 | €374 | -€936 | -71.4% |
| Recurring financial income | 75 | €1,310 | €374 | -€936 | -71.4% |
| Financial charges | 65/66B | €341 | €6,488 | +€6,147 | +1,801% |
| Recurring financial charges | 65 | €341 | €6,488 | +€6,147 | +1,801% |
| Profit (loss) for the period before taxes | 9903 | €77,480 | €35,032 | -€42,448 | -54.8% |
| Income taxes | 67/77 | €17,856 | €10,687 | -€7,169 | -40.2% |
| Profit (loss) for the period | 9904 | €59,624 | €24,346 | -€35,279 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,624 | €24,346 | -€35,279 | -59.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.