DSW Consulting: what changed
Two financial 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.
DSW Consulting
Largest movements
- Tangible fixed assets -€128,193
down €128,193 (-6.4%), from €2.0m to €1.9m
of which Land and buildings: -€116,201
- Other debts +€128,225
up €128,225, from €0 to €128,225
- Debts after one year -€119,421
down €119,421 (-5.8%), from €2.1m to €1.9m
- Reserves -€116,000
down €116,000 (-69.9%), from €166,000 to €50,000
- Profit (loss) carried forward -€33,400
no longer reported in 2025 (was €33,400)
- Taxes +€28,811
up €28,811 (+345%), from €8,339 to €37,149
- Depreciation -€19,390
down €19,390 (-12.2%), from €158,534 to €139,144
- Other operating charges +€12,768
up €12,768 (+412%), from €3,101 to €15,868
- Financial income -€5,751
down €5,751 (-95.8%), from €6,004 to €253
- Financial charges -€4,528
down €4,528 (-13.4%), from €33,695 to €29,167
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.
Derived cash bridge
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 | €2,455,202 | €2,313,682 | -€141,520 | -5.8% |
| Fixed assets | 21/28 | €2,003,775 | €1,875,582 | -€128,193 | -6.4% |
| Tangible fixed assets | 22/27 | €2,003,775 | €1,875,582 | -€128,193 | -6.4% |
| Land and buildings | 22 | €1,956,485 | €1,840,284 | -€116,201 | -5.9% |
| Furniture and vehicles | 24 | €47,289 | €35,298 | -€11,991 | -25.4% |
| Current assets | 29/58 | €451,427 | €438,099 | -€13,327 | -3.0% |
| Stocks and contracts in progress | 3 | €75,250 | €89,136 | +€13,886 | +18.5% |
| Stocks | 30/36 | €75,250 | €89,136 | +€13,886 | +18.5% |
| Amounts receivable within one year | 40/41 | €44,131 | €40,242 | -€3,890 | -8.8% |
| Trade receivables | 40 | €25,009 | €21,890 | -€3,119 | -12.5% |
| Other amounts receivable | 41 | €19,123 | €18,351 | -€771 | -4.0% |
| Cash at bank and in hand | 54/58 | €330,018 | €305,727 | -€24,291 | -7.4% |
| Deferred charges and accrued income | 490/1 | €2,028 | €2,995 | +€967 | +47.7% |
| Total equity and liabilities | 10/49 | €2,455,202 | €2,313,682 | -€141,520 | -5.8% |
| Equity | 10/15 | €238,400 | €89,000 | -€149,400 | -62.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | €29,000 | €29,000 | = | 0.0% |
| Reserves | 13 | €166,000 | €50,000 | -€116,000 | -69.9% |
| Distributable reserves | 133 | €166,000 | €50,000 | -€116,000 | -69.9% |
| Profit (loss) carried forward | 14 | €33,400 | - | -€33,400 | |
| Amounts payable | 17/49 | €2,216,802 | €2,224,682 | +€7,880 | +0.4% |
| Amounts payable after more than one year | 17 | €2,064,211 | €1,944,791 | -€119,421 | -5.8% |
| Financial debts | 170/4 | €2,064,211 | €1,944,791 | -€119,421 | -5.8% |
| Amounts payable within one year | 42/48 | €151,870 | €279,891 | +€128,022 | +84.3% |
| Current portion of amounts payable after more than one year | 42 | €129,700 | €123,032 | -€6,668 | -5.1% |
| Trade debts | 44 | €5,158 | €8,575 | +€3,417 | +66.2% |
| Suppliers | 440/4 | €5,158 | €8,575 | +€3,417 | +66.2% |
| Taxes, remuneration and social security | 45 | €17,011 | €20,058 | +€3,047 | +17.9% |
| Taxes | 450/3 | €17,011 | €17,408 | +€397 | +2.3% |
| Remuneration and social security | 454/9 | €0 | €2,650 | +€2,650 | |
| Other amounts payable | 47/48 | €0 | €128,225 | +€128,225 | |
| Accrued charges and deferred income | 492/3 | €721 | - | -€721 | |
| Non-recurring operating income | 76A | €12,288 | - | -€12,288 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,534 | €139,144 | -€19,390 | -12.2% |
| Other operating charges | 640/8 | €3,101 | €15,868 | +€12,768 | +412% |
| Gross operating margin | 9900 | €204,314 | €199,902 | -€4,412 | -2.2% |
| Operating profit (loss) | 9901 | €42,680 | €44,890 | +€2,210 | +5.2% |
| Financial income | 75/76B | €6,004 | €253 | -€5,751 | -95.8% |
| Recurring financial income | 75 | €6,004 | €253 | -€5,751 | -95.8% |
| Financial charges | 65/66B | €33,695 | €29,167 | -€4,528 | -13.4% |
| Recurring financial charges | 65 | €33,695 | €29,167 | -€4,528 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €14,988 | €15,975 | +€987 | +6.6% |
| Income taxes | 67/77 | €8,339 | €37,149 | +€28,811 | +345% |
| Profit (loss) for the period | 9904 | €6,649 | -€21,174 | -€27,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,649 | -€21,174 | -€27,824 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.