DSway: 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.
DSway
Largest movements
- Receivables within one year +€19,666
up €19,666 (+31.0%), from €63,344 to €83,010
of which Other amounts receivable: +€20,245
- Cash +€1,849
up €1,849 (+10.5%), from €17,635 to €19,484
mainly Trade debts (+€18,798) and Tax, wage and social debts (+€3,063)
- Trade debts +€18,798
up €18,798 (+263.1%), from €7,145 to €25,943
- Current portion of long-term debt -€3,872
down €3,872 (-63.2%), from €6,128 to €2,256
- Tax, wage and social debts +€3,063
up €3,063 (+12.8%), from €23,893 to €26,956
- Profit (loss) carried forward +€2,002
up €2,002 (+6.3%), from €31,835 to €33,837
- Accrued charges and deferred income +€1,490
up €1,490 (+11.6%), from €12,887 to €14,378
- Gross operating margin -€5,093
down €5,093 (-73.8%), from €6,905 to €1,812
- Financial income +€2,757
up €2,757 (+977.3%), from €282 to €3,039
- Taxes -€1,951
down €1,951 (-57.0%), from €3,422 to €1,471
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 | €101,212 | €121,920 | +€20,707 | +20.5% |
| Fixed assets | 21/28 | €17,879 | €17,879 | = | 0.0% |
| Tangible fixed assets | 22/27 | €16,029 | €16,029 | = | 0.0% |
| Furniture and vehicles | 24 | €16,029 | €16,029 | = | 0.0% |
| Financial fixed assets | 28 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €83,333 | €104,040 | +€20,707 | +24.8% |
| Amounts receivable within one year | 40/41 | €63,344 | €83,010 | +€19,666 | +31.0% |
| Trade receivables | 40 | €11,248 | €10,669 | -€579 | -5.1% |
| Other amounts receivable | 41 | €52,096 | €72,341 | +€20,245 | +38.9% |
| Cash at bank and in hand | 54/58 | €17,635 | €19,484 | +€1,849 | +10.5% |
| Deferred charges and accrued income | 490/1 | €2,354 | €1,546 | -€808 | -34.3% |
| Total equity and liabilities | 10/49 | €101,212 | €121,920 | +€20,707 | +20.5% |
| Equity | 10/15 | €50,385 | €52,387 | +€2,002 | +4.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,835 | €33,837 | +€2,002 | +6.3% |
| Amounts payable | 17/49 | €50,827 | €69,532 | +€18,706 | +36.8% |
| Amounts payable within one year | 42/48 | €37,940 | €55,155 | +€17,215 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €6,128 | €2,256 | -€3,872 | -63.2% |
| Trade debts | 44 | €7,145 | €25,943 | +€18,798 | +263.1% |
| Suppliers | 440/4 | €7,145 | €25,943 | +€18,798 | +263.1% |
| Taxes, remuneration and social security | 45 | €23,893 | €26,956 | +€3,063 | +12.8% |
| Taxes | 450/3 | €23,893 | €26,956 | +€3,063 | +12.8% |
| Other amounts payable | 47/48 | €774 | - | -€774 | |
| Accrued charges and deferred income | 492/3 | €12,887 | €14,378 | +€1,490 | +11.6% |
| Other operating charges | 640/8 | €888 | €926 | +€38 | +4.3% |
| Gross operating margin | 9900 | €6,905 | €1,812 | -€5,093 | -73.8% |
| Operating profit (loss) | 9901 | €6,017 | €886 | -€5,132 | -85.3% |
| Financial income | 75/76B | €282 | €3,039 | +€2,757 | +977.3% |
| Recurring financial income | 75 | €282 | €3,039 | +€2,757 | +977.3% |
| Financial charges | 65/66B | €387 | €453 | +€66 | +17.0% |
| Recurring financial charges | 65 | €387 | €453 | +€66 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €5,913 | €3,472 | -€2,440 | -41.3% |
| Income taxes | 67/77 | €3,422 | €1,471 | -€1,951 | -57.0% |
| Profit (loss) for the period | 9904 | €2,491 | €2,002 | -€489 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,491 | €2,002 | -€489 | -19.6% |
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 5 October 2026 via checked.be.