DSW-Consult: what changed
DSW-Consult
Largest movements
- Receivables within one year +€38,147
up €38,147 (+40.2%), from €94,777 to €132,924
of which Other amounts receivable: +€34,541
- Cash +€4,835
up €4,835 (+172%), from €2,806 to €7,641
mainly Net result for the year (+€31,285) and Tax, wage and social debts (+€12,263)
- Tangible fixed assets +€1,530
new in 2025: €1,530
- Profit (loss) carried forward +€31,285
up €31,285 (+38.5%), from €81,232 to €112,517
- Tax, wage and social debts +€12,263
up €12,263 (+156%), from €7,852 to €20,116
- Trade debts +€3,873
up €3,873 (+355%), from €1,092 to €4,964
- Debts after one year -€2,909
down €2,909 (-53.8%), from €5,408 to €2,499
- Gross operating margin +€23,579
up €23,579 (+125%), from €18,914 to €42,492
- Depreciation +€6,149
new in 2025: €6,149
- Taxes +€5,828
up €5,828 (+137%), from €4,266 to €10,095
- Other operating charges -€1,368
down €1,368 (-80.4%), from €1,702 to €334
- Financial income +€1,326
up €1,326 (+32.4%), from €4,085 to €5,411
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 | €97,584 | €142,096 | +€44,512 | +45.6% |
| Fixed assets | 21/28 | - | €1,530 | +€1,530 | |
| Tangible fixed assets | 22/27 | - | €1,530 | +€1,530 | |
| Plant, machinery and equipment | 23 | - | €1,530 | +€1,530 | |
| Current assets | 29/58 | €97,584 | €140,566 | +€42,982 | +44.0% |
| Amounts receivable within one year | 40/41 | €94,777 | €132,924 | +€38,147 | +40.2% |
| Trade receivables | 40 | €9,680 | €13,286 | +€3,606 | +37.3% |
| Other amounts receivable | 41 | €85,097 | €119,639 | +€34,541 | +40.6% |
| Cash at bank and in hand | 54/58 | €2,806 | €7,641 | +€4,835 | +172% |
| Total equity and liabilities | 10/49 | €97,584 | €142,096 | +€44,512 | +45.6% |
| Equity | 10/15 | €83,232 | €114,517 | +€31,285 | +37.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,232 | €112,517 | +€31,285 | +38.5% |
| Amounts payable | 17/49 | €14,352 | €27,579 | +€13,227 | +92.2% |
| Amounts payable after more than one year | 17 | €5,408 | €2,499 | -€2,909 | -53.8% |
| Financial debts | 170/4 | €5,408 | €2,499 | -€2,909 | -53.8% |
| Amounts payable within one year | 42/48 | €8,944 | €25,080 | +€16,136 | +180% |
| Trade debts | 44 | €1,092 | €4,964 | +€3,873 | +355% |
| Suppliers | 440/4 | €1,092 | €4,964 | +€3,873 | +355% |
| Taxes, remuneration and social security | 45 | €7,852 | €20,116 | +€12,263 | +156% |
| Taxes | 450/3 | €7,852 | €20,116 | +€12,263 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,149 | +€6,149 | |
| Other operating charges | 640/8 | €1,702 | €334 | -€1,368 | -80.4% |
| Gross operating margin | 9900 | €18,914 | €42,492 | +€23,579 | +125% |
| Operating profit (loss) | 9901 | €17,212 | €36,009 | +€18,797 | +109% |
| Financial income | 75/76B | €4,085 | €5,411 | +€1,326 | +32.4% |
| Recurring financial income | 75 | €4,085 | €5,411 | +€1,326 | +32.4% |
| Financial charges | 65/66B | €60 | €41 | -€19 | -32.4% |
| Recurring financial charges | 65 | €60 | €41 | -€19 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €21,237 | €41,380 | +€20,142 | +94.8% |
| Income taxes | 67/77 | €4,266 | €10,095 | +€5,828 | +137% |
| Profit (loss) for the period | 9904 | €16,971 | €31,285 | +€14,314 | +84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,971 | €31,285 | +€14,314 | +84.3% |
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 5 November 2026 via checked.be.