DSView Group: 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 Group
Largest movements
- Cash +€130,880
up €130,880 (+408.2%), from €32,066 to €162,946
mainly Depreciation (+€109,468) and Net result for the year (+€56,869)
- Tangible fixed assets -€68,117
down €68,117 (-7.1%), from €965,292 to €897,175
of which Plant, machinery and equipment: -€44,255
- Reserves +€56,869
up €56,869 (+37.6%), from €151,243 to €208,112
- Trade debts +€48,649
up €48,649 (+77.1%), from €63,126 to €111,775
- Debts after one year -€48,245
down €48,245 (-6.1%), from €793,220 to €744,975
- Other debts -€28,421
down €28,421 (-79.0%), from €35,981 to €7,560
- Current portion of long-term debt +€13,065
up €13,065 (+13.0%), from €100,180 to €113,245
- Gross operating margin +€67,098
up €67,098 (+29.5%), from €227,335 to €294,434
- Staff costs +€21,174
up €21,174 (+52.9%), from €40,051 to €61,225
- Taxes +€17,551
up €17,551 (+182.4%), from €9,625 to €27,176
- Depreciation -€4,902
down €4,902 (-4.3%), from €114,370 to €109,468
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 | €1,164,850 | €1,215,325 | +€50,475 | +4.3% |
| Fixed assets | 21/28 | €976,566 | €906,590 | -€69,976 | -7.2% |
| Intangible fixed assets | 21 | €4,238 | €2,379 | -€1,859 | -43.9% |
| Tangible fixed assets | 22/27 | €965,292 | €897,175 | -€68,117 | -7.1% |
| Land and buildings | 22 | €775,466 | €753,334 | -€22,133 | -2.9% |
| Plant, machinery and equipment | 23 | €89,180 | €44,925 | -€44,255 | -49.6% |
| Furniture and vehicles | 24 | €98,321 | €98,916 | +€595 | +0.6% |
| Leasing and similar rights | 25 | €2,325 | €0 | -€2,325 | -100.0% |
| Financial fixed assets | 28 | €7,036 | €7,036 | = | 0.0% |
| Current assets | 29/58 | €188,284 | €308,735 | +€120,451 | +64.0% |
| Amounts receivable within one year | 40/41 | €148,713 | €138,996 | -€9,717 | -6.5% |
| Trade receivables | 40 | €121,220 | €107,781 | -€13,439 | -11.1% |
| Other amounts receivable | 41 | €27,493 | €31,215 | +€3,722 | +13.5% |
| Cash at bank and in hand | 54/58 | €32,066 | €162,946 | +€130,880 | +408.2% |
| Deferred charges and accrued income | 490/1 | €7,505 | €6,792 | -€712 | -9.5% |
| Total equity and liabilities | 10/49 | €1,164,850 | €1,215,325 | +€50,475 | +4.3% |
| Equity | 10/15 | €156,243 | €213,112 | +€56,869 | +36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,243 | €208,112 | +€56,869 | +37.6% |
| Distributable reserves | 133 | €151,243 | €208,112 | +€56,869 | +37.6% |
| Amounts payable | 17/49 | €1,008,607 | €1,002,213 | -€6,394 | -0.6% |
| Amounts payable after more than one year | 17 | €793,220 | €744,975 | -€48,245 | -6.1% |
| Financial debts | 170/4 | €793,220 | €744,975 | -€48,245 | -6.1% |
| Amounts payable within one year | 42/48 | €215,215 | €245,645 | +€30,430 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €100,180 | €113,245 | +€13,065 | +13.0% |
| Trade debts | 44 | €63,126 | €111,775 | +€48,649 | +77.1% |
| Suppliers | 440/4 | €63,126 | €111,775 | +€48,649 | +77.1% |
| Taxes, remuneration and social security | 45 | €15,927 | €13,064 | -€2,863 | -18.0% |
| Taxes | 450/3 | €13,010 | €12,888 | -€122 | -0.9% |
| Remuneration and social security | 454/9 | €2,918 | €177 | -€2,741 | -93.9% |
| Other amounts payable | 47/48 | €35,981 | €7,560 | -€28,421 | -79.0% |
| Accrued charges and deferred income | 492/3 | €172 | €11,594 | +€11,422 | +6638.9% |
| Remuneration, social security and pensions | 62 | €40,051 | €61,225 | +€21,174 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,370 | €109,468 | -€4,902 | -4.3% |
| Other operating charges | 640/8 | €7,331 | €8,021 | +€691 | +9.4% |
| Gross operating margin | 9900 | €227,335 | €294,434 | +€67,098 | +29.5% |
| Operating profit (loss) | 9901 | €65,585 | €115,720 | +€50,135 | +76.4% |
| Financial income | 75/76B | €1,605 | €1,538 | -€67 | -4.2% |
| Recurring financial income | 75 | €1,605 | €1,538 | -€67 | -4.2% |
| Financial charges | 65/66B | €33,828 | €33,214 | -€614 | -1.8% |
| Recurring financial charges | 65 | €33,828 | €33,214 | -€614 | -1.8% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €33,362 | €84,045 | +€50,682 | +151.9% |
| Income taxes | 67/77 | €9,625 | €27,176 | +€17,551 | +182.4% |
| Profit (loss) for the period | 9904 | €23,738 | €56,869 | +€33,131 | +139.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,738 | €56,869 | +€33,131 | +139.6% |
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 7 October 2026 via checked.be.