DSI Group: 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.
DSI Group
Largest movements
- Receivables within one year +€59,065
up €59,065 (+88.2%), from €66,940 to €126,005
- Cash +€20,962
up €20,962 (+26.3%), from €79,586 to €100,548
mainly Net result for the year (+€61,014) and Current investments (+€16,026)
- Current investments -€16,026
down €16,026 (-8.9%), from €180,012 to €163,986
- Receivables after one year -€9,000
down €9,000 (-14.3%), from €63,000 to €54,000
- Reserves +€42,500
up €42,500 (+16.2%), from €262,360 to €304,860
of which Distributable reserves: +€42,500
- Tax, wage and social debts +€12,697
up €12,697 (+79.1%), from €16,048 to €28,745
of which Remuneration and social security: +€7,397
- Short-term financial debts -€6,446
down €6,446 (-66.7%), from €9,667 to €3,221
- Gross operating margin +€14,220
up €14,220 (+16.5%), from €86,257 to €100,477
- Financial income -€5,341
down €5,341 (-38.3%), from €13,942 to €8,601
of which Non-recurring financial income: -€7,342
- Financial charges +€3,149
up €3,149 (+117%), from €2,695 to €5,844
of which Non-recurring financial charges: +€1,869
- Other operating charges -€3,145
down €3,145 (-28.8%), from €10,931 to €7,786
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 | €452,142 | €506,938 | +€54,796 | +12.1% |
| Fixed assets | 21/28 | €62,604 | €60,647 | -€1,957 | -3.1% |
| Tangible fixed assets | 22/27 | €62,284 | €60,327 | -€1,957 | -3.1% |
| Land and buildings | 22 | €36,300 | €30,250 | -€6,050 | -16.7% |
| Plant, machinery and equipment | 23 | €861 | €7,926 | +€7,065 | +821% |
| Furniture and vehicles | 24 | €5,713 | €2,741 | -€2,972 | -52.0% |
| Other tangible fixed assets | 26 | €19,410 | €19,410 | = | 0.0% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €389,538 | €446,291 | +€56,753 | +14.6% |
| Amounts receivable after more than one year | 29 | €63,000 | €54,000 | -€9,000 | -14.3% |
| Other amounts receivable | 291 | €63,000 | €54,000 | -€9,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €66,940 | €126,005 | +€59,065 | +88.2% |
| Trade receivables | 40 | €66,940 | €126,005 | +€59,065 | +88.2% |
| Current investments | 50/53 | €180,012 | €163,986 | -€16,026 | -8.9% |
| Cash at bank and in hand | 54/58 | €79,586 | €100,548 | +€20,962 | +26.3% |
| Deferred charges and accrued income | 490/1 | - | €1,752 | +€1,752 | |
| Total equity and liabilities | 10/49 | €452,142 | €506,938 | +€54,796 | +12.1% |
| Equity | 10/15 | €420,766 | €464,280 | +€43,514 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €262,360 | €304,860 | +€42,500 | +16.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €260,500 | €303,000 | +€42,500 | +16.3% |
| Profit (loss) carried forward | 14 | €152,206 | €153,220 | +€1,014 | +0.7% |
| Amounts payable | 17/49 | €31,376 | €42,658 | +€11,282 | +36.0% |
| Amounts payable after more than one year | 17 | €3,221 | - | -€3,221 | |
| Financial debts | 170/4 | €3,221 | - | -€3,221 | |
| Amounts payable within one year | 42/48 | €27,802 | €42,658 | +€14,856 | +53.4% |
| Financial debts | 43 | €9,667 | €3,221 | -€6,446 | -66.7% |
| Credit institutions | 430/8 | €9,667 | €3,221 | -€6,446 | -66.7% |
| Trade debts | 44 | - | €4,439 | +€4,439 | |
| Suppliers | 440/4 | - | €4,439 | +€4,439 | |
| Taxes, remuneration and social security | 45 | €16,048 | €28,745 | +€12,697 | +79.1% |
| Taxes | 450/3 | €12,192 | €17,492 | +€5,300 | +43.5% |
| Remuneration and social security | 454/9 | €3,856 | €11,253 | +€7,397 | +192% |
| Other amounts payable | 47/48 | €2,087 | €6,253 | +€4,166 | +200% |
| Accrued charges and deferred income | 492/3 | €353 | €0 | -€353 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,291 | €10,875 | +€584 | +5.7% |
| Other operating charges | 640/8 | €10,931 | €7,786 | -€3,145 | -28.8% |
| Gross operating margin | 9900 | €86,257 | €100,477 | +€14,220 | +16.5% |
| Operating profit (loss) | 9901 | €65,035 | €81,816 | +€16,781 | +25.8% |
| Financial income | 75/76B | €13,942 | €8,601 | -€5,341 | -38.3% |
| Recurring financial income | 75 | €6,600 | €8,601 | +€2,001 | +30.3% |
| Non-recurring financial income | 76B | €7,342 | €0 | -€7,342 | -100% |
| Financial charges | 65/66B | €2,695 | €5,844 | +€3,149 | +117% |
| Recurring financial charges | 65 | €2,194 | €3,474 | +€1,280 | +58.3% |
| Non-recurring financial charges | 66B | €501 | €2,370 | +€1,869 | +373% |
| Profit (loss) for the period before taxes | 9903 | €76,282 | €84,573 | +€8,291 | +10.9% |
| Income taxes | 67/77 | €22,782 | €23,559 | +€777 | +3.4% |
| Profit (loss) for the period | 9904 | €53,500 | €61,014 | +€7,514 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,500 | €61,014 | +€7,514 | +14.0% |
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 24 October 2026 via checked.be.