DSVet: 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.
DSVet
Largest movements
- Stocks and contracts -€48,030
down €48,030 (-58.8%), from €81,625 to €33,595
- Tangible fixed assets +€19,671
up €19,671 (+10.4%), from €189,162 to €208,833
of which Furniture and vehicles: +€24,630
- Receivables within one year +€16,567
up €16,567 (+1174.6%), from €1,410 to €17,978
of which Other amounts receivable: +€8,950
- Cash +€8,225
up €8,225 (+34.3%), from €24,001 to €32,226
mainly Debts after one year (+€65,306) and Stocks and contracts (+€48,030)
- Other debts -€104,577
down €104,577 (-80.6%), from €129,789 to €25,211
- Debts after one year +€65,306
up €65,306 (+280.2%), from €23,304 to €88,610
- Profit (loss) carried forward +€18,209
up €18,209 (+17.9%), from €101,624 to €119,833
- Trade debts +€10,746
up €10,746 (+122.2%), from €8,792 to €19,538
- Current portion of long-term debt +€10,711
up €10,711 (+102.3%), from €10,467 to €21,178
- Gross operating margin -€37,923
down €37,923 (-31.6%), from €120,116 to €82,192
- Staff costs +€15,055
up €15,055 (+162.4%), from €9,270 to €24,325
- Taxes -€12,416
down €12,416 (-69.7%), from €17,821 to €5,405
- Depreciation +€3,569
up €3,569 (+13.9%), from €25,635 to €29,204
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 | €297,028 | €293,533 | -€3,495 | -1.2% |
| Fixed assets | 21/28 | €189,312 | €208,983 | +€19,671 | +10.4% |
| Tangible fixed assets | 22/27 | €189,162 | €208,833 | +€19,671 | +10.4% |
| Land and buildings | 22 | €126,508 | €130,312 | +€3,803 | +3.0% |
| Plant, machinery and equipment | 23 | €42,627 | €33,865 | -€8,762 | -20.6% |
| Furniture and vehicles | 24 | €20,027 | €44,657 | +€24,630 | +123.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €107,715 | €84,550 | -€23,166 | -21.5% |
| Stocks and contracts in progress | 3 | €81,625 | €33,595 | -€48,030 | -58.8% |
| Stocks | 30/36 | €81,625 | €33,595 | -€48,030 | -58.8% |
| Amounts receivable within one year | 40/41 | €1,410 | €17,978 | +€16,567 | +1174.6% |
| Trade receivables | 40 | €1,410 | €9,027 | +€7,617 | +540.0% |
| Other amounts receivable | 41 | - | €8,950 | +€8,950 | |
| Cash at bank and in hand | 54/58 | €24,001 | €32,226 | +€8,225 | +34.3% |
| Deferred charges and accrued income | 490/1 | €679 | €752 | +€72 | +10.7% |
| Total equity and liabilities | 10/49 | €297,028 | €293,533 | -€3,495 | -1.2% |
| Equity | 10/15 | €104,624 | €122,833 | +€18,209 | +17.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,624 | €119,833 | +€18,209 | +17.9% |
| Amounts payable | 17/49 | €192,404 | €170,700 | -€21,704 | -11.3% |
| Amounts payable after more than one year | 17 | €23,304 | €88,610 | +€65,306 | +280.2% |
| Financial debts | 170/4 | €23,304 | €88,610 | +€65,306 | +280.2% |
| Amounts payable within one year | 42/48 | €169,100 | €82,090 | -€87,010 | -51.5% |
| Current portion of amounts payable after more than one year | 42 | €10,467 | €21,178 | +€10,711 | +102.3% |
| Financial debts | 43 | €1,276 | - | -€1,276 | |
| Credit institutions | 430/8 | €1,276 | - | -€1,276 | |
| Trade debts | 44 | €8,792 | €19,538 | +€10,746 | +122.2% |
| Suppliers | 440/4 | €8,792 | €19,538 | +€10,746 | +122.2% |
| Taxes, remuneration and social security | 45 | €18,777 | €16,163 | -€2,614 | -13.9% |
| Taxes | 450/3 | €18,777 | €12,676 | -€6,101 | -32.5% |
| Remuneration and social security | 454/9 | - | €3,486 | +€3,486 | |
| Other amounts payable | 47/48 | €129,789 | €25,211 | -€104,577 | -80.6% |
| Remuneration, social security and pensions | 62 | €9,270 | €24,325 | +€15,055 | +162.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,635 | €29,204 | +€3,569 | +13.9% |
| Other operating charges | 640/8 | €1,852 | €1,556 | -€296 | -16.0% |
| Gross operating margin | 9900 | €120,116 | €82,192 | -€37,923 | -31.6% |
| Operating profit (loss) | 9901 | €83,359 | €27,107 | -€56,252 | -67.5% |
| Financial income | 75/76B | €171 | €4 | -€166 | -97.6% |
| Recurring financial income | 75 | €171 | €4 | -€166 | -97.6% |
| Financial charges | 65/66B | €2,914 | €3,497 | +€583 | +20.0% |
| Recurring financial charges | 65 | €2,914 | €3,497 | +€583 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €80,616 | €23,615 | -€57,001 | -70.7% |
| Income taxes | 67/77 | €17,821 | €5,405 | -€12,416 | -69.7% |
| Profit (loss) for the period | 9904 | €62,795 | €18,209 | -€44,586 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,795 | €18,209 | -€44,586 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.