DSW HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€32,156
up €32,156 (+198%), from €16,268 to €48,424
of which Other amounts receivable: +€24,979
- Deferred charges and accrued income +€16,498
up €16,498 (+92.2%), from €17,899 to €34,397
- Trade debts +€123,195
up €123,195 (+9,964%), from €1,236 to €124,431
- Other debts -€84,555
down €84,555 (-74.3%), from €113,812 to €29,258
- Reserves +€10,313
up €10,313 (+1.4%), from €723,596 to €733,909
of which Distributable reserves: +€10,313
- Gross operating margin +€2,523
up €2,523, from -€1,571 to €953
- Other operating charges +€477
up €477 (+78.6%), from €606 to €1,083
- Taxes +€429
up €429 (+9.2%), from €4,683 to €5,112
- Financial income -€45
down €45 (-0.3%), from €16,543 to €16,498
- Financial charges -€16
down €16 (-28.8%), from €55 to €39
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 | €862,083 | €911,094 | +€49,011 | +5.7% |
| Fixed assets | 21/28 | €2,409 | €1,505 | -€903 | -37.5% |
| Tangible fixed assets | 22/27 | €2,409 | €1,505 | -€903 | -37.5% |
| Furniture and vehicles | 24 | €2,409 | €1,505 | -€903 | -37.5% |
| Current assets | 29/58 | €859,674 | €909,589 | +€49,915 | +5.8% |
| Amounts receivable after more than one year | 29 | €824,899 | €824,899 | = | 0.0% |
| Other amounts receivable | 291 | €824,899 | €824,899 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,268 | €48,424 | +€32,156 | +198% |
| Trade receivables | 40 | €12,439 | €19,616 | +€7,177 | +57.7% |
| Other amounts receivable | 41 | €3,829 | €28,807 | +€24,979 | +652% |
| Cash at bank and in hand | 54/58 | €608 | €1,869 | +€1,261 | +207% |
| Deferred charges and accrued income | 490/1 | €17,899 | €34,397 | +€16,498 | +92.2% |
| Total equity and liabilities | 10/49 | €862,083 | €911,094 | +€49,011 | +5.7% |
| Equity | 10/15 | €742,196 | €752,509 | +€10,313 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €723,596 | €733,909 | +€10,313 | +1.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €721,736 | €732,049 | +€10,313 | +1.4% |
| Amounts payable | 17/49 | €119,887 | €158,585 | +€38,698 | +32.3% |
| Amounts payable within one year | 42/48 | €119,499 | €158,185 | +€38,686 | +32.4% |
| Trade debts | 44 | €1,236 | €124,431 | +€123,195 | +9,964% |
| Suppliers | 440/4 | €1,236 | €124,431 | +€123,195 | +9,964% |
| Taxes, remuneration and social security | 45 | €4,451 | €4,496 | +€46 | +1.0% |
| Taxes | 450/3 | €4,451 | €4,496 | +€46 | +1.0% |
| Other amounts payable | 47/48 | €113,812 | €29,258 | -€84,555 | -74.3% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €0 | €2,732 | +€2,732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €903 | €903 | = | 0.0% |
| Other operating charges | 640/8 | €606 | €1,083 | +€477 | +78.6% |
| Gross operating margin | 9900 | -€1,571 | €953 | +€2,523 | |
| Operating profit (loss) | 9901 | -€3,080 | -€1,033 | +€2,046 | +66.4% |
| Financial income | 75/76B | €16,543 | €16,498 | -€45 | -0.3% |
| Recurring financial income | 75 | €16,543 | €16,498 | -€45 | -0.3% |
| Financial charges | 65/66B | €55 | €39 | -€16 | -28.8% |
| Recurring financial charges | 65 | €55 | €39 | -€16 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €13,408 | €15,425 | +€2,017 | +15.0% |
| Income taxes | 67/77 | €4,683 | €5,112 | +€429 | +9.2% |
| Profit (loss) for the period | 9904 | €8,725 | €10,313 | +€1,588 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,725 | €10,313 | +€1,588 | +18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.