DSView: 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.
DSView
Largest movements
- Tangible fixed assets -€39,484
down €39,484 (-10.1%), from €391,649 to €352,165
- Cash +€18,600
up €18,600 (+188.8%), from €9,851 to €28,450
mainly Depreciation (+€40,648) and Trade debts (+€22,909)
- Receivables within one year +€15,753
up €15,753 (+17.0%), from €92,411 to €108,164
of which Trade receivables: +€57,665
- Debts after one year -€41,258
down €41,258 (-10.8%), from €382,698 to €341,440
- Trade debts +€22,909
up €22,909 (+135.4%), from €16,915 to €39,825
- Gross operating margin +€33,057
up €33,057 (+135.5%), from €24,388 to €57,445
- Staff costs -€26,277
down €26,277, from €26,210 to -€68
- Depreciation -€5,551
down €5,551 (-12.0%), from €46,199 to €40,648
- Other operating charges +€3,694
up €3,694 (+103.0%), from €3,585 to €7,280
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 | €505,040 | €493,282 | -€11,759 | -2.3% |
| Fixed assets | 21/28 | €391,784 | €352,300 | -€39,484 | -10.1% |
| Tangible fixed assets | 22/27 | €391,649 | €352,165 | -€39,484 | -10.1% |
| Land and buildings | 22 | €338,009 | €322,043 | -€15,966 | -4.7% |
| Plant, machinery and equipment | 23 | €38,949 | €26,312 | -€12,637 | -32.4% |
| Furniture and vehicles | 24 | €14,691 | €3,810 | -€10,881 | -74.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €113,256 | €140,982 | +€27,726 | +24.5% |
| Stocks and contracts in progress | 3 | €8,736 | €4,368 | -€4,368 | -50.0% |
| Stocks | 30/36 | €8,736 | €4,368 | -€4,368 | -50.0% |
| Amounts receivable within one year | 40/41 | €92,411 | €108,164 | +€15,753 | +17.0% |
| Trade receivables | 40 | €36,341 | €94,005 | +€57,665 | +158.7% |
| Other amounts receivable | 41 | €56,070 | €14,158 | -€41,912 | -74.7% |
| Cash at bank and in hand | 54/58 | €9,851 | €28,450 | +€18,600 | +188.8% |
| Deferred charges and accrued income | 490/1 | €2,258 | €0 | -€2,258 | -100.0% |
| Total equity and liabilities | 10/49 | €505,040 | €493,282 | -€11,759 | -2.3% |
| Equity | 10/15 | €34,723 | €38,313 | +€3,590 | +10.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €86,211 | €86,211 | = | 0.0% |
| Distributable reserves | 133 | €86,211 | €86,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,037 | -€66,448 | +€3,590 | +5.1% |
| Amounts payable | 17/49 | €470,317 | €454,968 | -€15,348 | -3.3% |
| Amounts payable after more than one year | 17 | €382,698 | €341,440 | -€41,258 | -10.8% |
| Financial debts | 170/4 | €382,698 | €341,440 | -€41,258 | -10.8% |
| Amounts payable within one year | 42/48 | €87,618 | €113,528 | +€25,910 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €40,616 | €42,718 | +€2,102 | +5.2% |
| Trade debts | 44 | €16,915 | €39,825 | +€22,909 | +135.4% |
| Suppliers | 440/4 | €16,915 | €39,825 | +€22,909 | +135.4% |
| Advances received on contracts in progress | 46 | - | €950 | +€950 | |
| Taxes, remuneration and social security | 45 | €30,087 | €30,036 | -€51 | -0.2% |
| Taxes | 450/3 | €20,316 | €17,223 | -€3,093 | -15.2% |
| Remuneration and social security | 454/9 | €9,772 | €12,813 | +€3,041 | +31.1% |
| Non-recurring operating income | 76A | €2,902 | €0 | -€2,902 | -100.0% |
| Remuneration, social security and pensions | 62 | €26,210 | -€68 | -€26,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,199 | €40,648 | -€5,551 | -12.0% |
| Other operating charges | 640/8 | €3,585 | €7,280 | +€3,694 | +103.0% |
| Gross operating margin | 9900 | €24,388 | €57,445 | +€33,057 | +135.5% |
| Operating profit (loss) | 9901 | -€51,606 | €9,584 | +€61,190 | |
| Financial income | 75/76B | €182 | €287 | +€106 | +58.2% |
| Recurring financial income | 75 | €182 | €287 | +€106 | +58.2% |
| Financial charges | 65/66B | €6,338 | €6,282 | -€56 | -0.9% |
| Recurring financial charges | 65 | €6,338 | €6,282 | -€56 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,762 | €3,590 | +€61,352 | |
| Profit (loss) for the period | 9904 | -€57,762 | €3,590 | +€61,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,762 | €3,590 | +€61,352 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.