DSX Consult: 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.
DSX Consult
Largest movements
- Current investments +€32,000
new in 2025: €32,000
- Cash +€30,671
up €30,671 (+35.7%), from €86,025 to €116,696
mainly Net result for the year (+€62,240) and Depreciation (+€14,473)
- Tangible fixed assets -€16,410
down €16,410 (-26.7%), from €61,355 to €44,945
- Profit (loss) carried forward +€61,381
up €61,381 (+67.8%), from €90,572 to €151,953
- Debts after one year -€10,304
down €10,304 (-85.5%), from €12,058 to €1,754
- Tax, wage and social debts -€5,135
down €5,135 (-17.7%), from €29,083 to €23,948
- Gross operating margin +€17,507
up €17,507 (+22.7%), from €77,107 to €94,614
- Taxes +€3,403
up €3,403 (+25.5%), from €13,335 to €16,738
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 | €147,615 | €193,994 | +€46,379 | +31.4% |
| Fixed assets | 21/28 | €61,355 | €44,945 | -€16,410 | -26.7% |
| Tangible fixed assets | 22/27 | €61,355 | €44,945 | -€16,410 | -26.7% |
| Furniture and vehicles | 24 | €61,355 | €44,945 | -€16,410 | -26.7% |
| Current assets | 29/58 | €86,260 | €149,048 | +€62,788 | +72.8% |
| Amounts receivable within one year | 40/41 | - | €147 | +€147 | |
| Trade receivables | 40 | - | €147 | +€147 | |
| Current investments | 50/53 | - | €32,000 | +€32,000 | |
| Cash at bank and in hand | 54/58 | €86,025 | €116,696 | +€30,671 | +35.7% |
| Deferred charges and accrued income | 490/1 | €235 | €205 | -€30 | -12.8% |
| Total equity and liabilities | 10/49 | €147,615 | €193,994 | +€46,379 | +31.4% |
| Equity | 10/15 | €93,572 | €154,953 | +€61,381 | +65.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,572 | €151,953 | +€61,381 | +67.8% |
| Amounts payable | 17/49 | €54,044 | €39,041 | -€15,003 | -27.8% |
| Amounts payable after more than one year | 17 | €12,058 | €1,754 | -€10,304 | -85.5% |
| Financial debts | 170/4 | €12,058 | €1,754 | -€10,304 | -85.5% |
| Amounts payable within one year | 42/48 | €41,986 | €37,287 | -€4,699 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €9,935 | €11,146 | +€1,211 | +12.2% |
| Trade debts | 44 | €1,142 | €368 | -€774 | -67.8% |
| Suppliers | 440/4 | €1,142 | €368 | -€774 | -67.8% |
| Taxes, remuneration and social security | 45 | €29,083 | €23,948 | -€5,135 | -17.7% |
| Taxes | 450/3 | €29,083 | €23,948 | -€5,135 | -17.7% |
| Other amounts payable | 47/48 | €1,825 | €1,825 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,063 | +€2,063 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,727 | €14,473 | -€254 | -1.7% |
| Other operating charges | 640/8 | €787 | €418 | -€369 | -46.9% |
| Gross operating margin | 9900 | €77,107 | €94,614 | +€17,507 | +22.7% |
| Operating profit (loss) | 9901 | €61,593 | €79,723 | +€18,130 | +29.4% |
| Financial income | 75/76B | €3 | €16 | +€13 | +435.6% |
| Recurring financial income | 75 | €3 | €16 | +€13 | +435.6% |
| Financial charges | 65/66B | €921 | €761 | -€160 | -17.3% |
| Recurring financial charges | 65 | €921 | €761 | -€160 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €60,675 | €78,978 | +€18,303 | +30.2% |
| Income taxes | 67/77 | €13,335 | €16,738 | +€3,403 | +25.5% |
| Profit (loss) for the period | 9904 | €47,340 | €62,240 | +€14,900 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,340 | €62,240 | +€14,900 | +31.5% |
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.