EU DSO ENTITY: 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.
EU DSO ENTITY
Largest movements
- Receivables within one year -€341,090
down €341,090 (-66.3%), from €514,296 to €173,207
of which Trade receivables: -€345,990
- Tangible fixed assets +€174,208
new in 2025: €174,208
- Financial fixed assets +€154,013
up €154,013 (+853%), from €18,050 to €172,063
- Cash -€149,544
down €149,544 (-10.0%), from €1.5m to €1.3m
mainly Investment in fixed assets (net) (-€332,678) and Debts within one year (-€133,624)
- Debts within one year -€133,624
down €133,624 (-20.4%), from €653,672 to €520,048
of which Trade debts: -€290,179
- Accrued charges and deferred income -€115,839
down €115,839 (-20.6%), from €562,521 to €446,682
- Profit (loss) carried forward +€74,359
up €74,359 (+8.6%), from €862,864 to €937,223
- Gross operating margin +€585,718
up €585,718 (+35.8%), from €1.6m to €2.2m
- Staff costs +€372,092
up €372,092 (+20.9%), from €1.8m to €2.2m
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 | €2,079,057 | €1,903,954 | -€175,104 | -8.4% |
| Fixed assets | 21/28 | €18,050 | €346,271 | +€328,221 | +1,818% |
| Tangible fixed assets | 22/27 | - | €174,208 | +€174,208 | |
| Other tangible fixed assets | 26 | - | €174,208 | +€174,208 | |
| Financial fixed assets | 28 | €18,050 | €172,063 | +€154,013 | +853% |
| Current assets | 29/58 | €2,061,007 | €1,557,683 | -€503,324 | -24.4% |
| Amounts receivable within one year | 40/41 | €514,296 | €173,207 | -€341,090 | -66.3% |
| Trade receivables | 40 | €493,367 | €147,376 | -€345,990 | -70.1% |
| Other amounts receivable | 41 | €20,930 | €25,831 | +€4,901 | +23.4% |
| Cash at bank and in hand | 54/58 | €1,497,303 | €1,347,759 | -€149,544 | -10.0% |
| Deferred charges and accrued income | 490/1 | €49,408 | €36,718 | -€12,690 | -25.7% |
| Total equity and liabilities | 10/49 | €2,079,057 | €1,903,954 | -€175,104 | -8.4% |
| Equity | 10/15 | €862,864 | €937,223 | +€74,359 | +8.6% |
| Profit (loss) carried forward | 14 | €862,864 | €937,223 | +€74,359 | +8.6% |
| Amounts payable | 17/49 | €1,216,193 | €966,731 | -€249,462 | -20.5% |
| Amounts payable within one year | 42/48 | €653,672 | €520,048 | -€133,624 | -20.4% |
| Trade debts | 44 | €457,861 | €167,682 | -€290,179 | -63.4% |
| Suppliers | 440/4 | €457,861 | €167,682 | -€290,179 | -63.4% |
| Taxes, remuneration and social security | 45 | €195,811 | €351,769 | +€155,958 | +79.6% |
| Taxes | 450/3 | - | €81,134 | +€81,134 | |
| Remuneration and social security | 454/9 | €195,811 | €270,636 | +€74,825 | +38.2% |
| Accrued charges and deferred income | 492/3 | €562,521 | €446,682 | -€115,839 | -20.6% |
| Remuneration, social security and pensions | 62 | €1,780,843 | €2,152,935 | +€372,092 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,457 | +€4,457 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€22,521 | -€11,590 | +€10,931 | +48.5% |
| Gross operating margin | 9900 | €1,634,548 | €2,220,266 | +€585,718 | +35.8% |
| Operating profit (loss) | 9901 | -€123,774 | €74,463 | +€198,237 | |
| Financial income | 75/76B | €14,398 | €81 | -€14,318 | -99.4% |
| Recurring financial income | 75 | €61 | €81 | +€19 | +31.0% |
| Non-recurring financial income | 76B | €14,337 | - | -€14,337 | |
| Profit (loss) for the period before taxes | 9903 | -€109,375 | €74,544 | +€183,919 | |
| Income taxes | 67/77 | - | €185 | +€185 | |
| Profit (loss) for the period | 9904 | -€109,375 | €74,359 | +€183,734 | |
| Profit (loss) for the period to be appropriated | 9905 | -€109,375 | €74,359 | +€183,734 |
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 14 October 2026 via checked.be.