D.A.K.T.: 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.
D.A.K.T.
Largest movements
- Cash -€76,688
down €76,688 (-69.4%), from €110,558 to €33,870
mainly Contributions, distributions and other (-€75,000) and Receivables within one year (-€68,981)
- Receivables within one year +€68,981
up €68,981 (+18.1%), from €380,831 to €449,812
of which Other amounts receivable: +€62,941
- Other debts +€75,000
new in 2025: €75,000
- Reserves -€74,395
down €74,395 (-34.7%), from €214,231 to €139,837
of which Distributable reserves: -€74,395
- Accrued charges and deferred income -€7,103
down €7,103 (-22.8%), from €31,091 to €23,988
- Gross operating margin -€25,232
down €25,232 (-78.4%), from €32,173 to €6,941
- Taxes -€6,177
down €6,177 (-96.4%), from €6,411 to €234
- Financial income +€769
up €769 (+11.0%), from €6,973 to €7,742
- Other operating charges +€427
up €427 (+3.2%), from €13,270 to €13,697
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 | €497,299 | €490,008 | -€7,291 | -1.5% |
| Fixed assets | 21/28 | €5,910 | €5,793 | -€117 | -2.0% |
| Tangible fixed assets | 22/27 | €5,910 | €5,793 | -€117 | -2.0% |
| Land and buildings | 22 | €5,910 | €5,793 | -€117 | -2.0% |
| Current assets | 29/58 | €491,389 | €484,215 | -€7,174 | -1.5% |
| Amounts receivable within one year | 40/41 | €380,831 | €449,812 | +€68,981 | +18.1% |
| Trade receivables | 40 | - | €6,041 | +€6,041 | |
| Other amounts receivable | 41 | €380,831 | €443,771 | +€62,941 | +16.5% |
| Cash at bank and in hand | 54/58 | €110,558 | €33,870 | -€76,688 | -69.4% |
| Deferred charges and accrued income | 490/1 | - | €533 | +€533 | |
| Total equity and liabilities | 10/49 | €497,299 | €490,008 | -€7,291 | -1.5% |
| Equity | 10/15 | €464,231 | €389,837 | -€74,395 | -16.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €214,231 | €139,837 | -€74,395 | -34.7% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €110,512 | €110,512 | = | 0.0% |
| Distributable reserves | 133 | €78,719 | €4,325 | -€74,395 | -94.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,067 | €100,171 | +€67,104 | +203% |
| Amounts payable within one year | 42/48 | €1,977 | €76,183 | +€74,206 | +3,754% |
| Trade debts | 44 | €1,603 | €1,183 | -€420 | -26.2% |
| Suppliers | 440/4 | €1,603 | €1,183 | -€420 | -26.2% |
| Taxes, remuneration and social security | 45 | €374 | €0 | -€374 | -100% |
| Taxes | 450/3 | €374 | €0 | -€374 | -100% |
| Other amounts payable | 47/48 | - | €75,000 | +€75,000 | |
| Accrued charges and deferred income | 492/3 | €31,091 | €23,988 | -€7,103 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €117 | -€88 | -42.8% |
| Other operating charges | 640/8 | €13,270 | €13,697 | +€427 | +3.2% |
| Gross operating margin | 9900 | €32,173 | €6,941 | -€25,232 | -78.4% |
| Operating profit (loss) | 9901 | €18,698 | -€6,873 | -€25,572 | |
| Financial income | 75/76B | €6,973 | €7,742 | +€769 | +11.0% |
| Recurring financial income | 75 | €6,973 | €7,742 | +€769 | +11.0% |
| Financial charges | 65/66B | €28 | €29 | +€1 | +5.2% |
| Recurring financial charges | 65 | €28 | €29 | +€1 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €25,643 | €839 | -€24,804 | -96.7% |
| Income taxes | 67/77 | €6,411 | €234 | -€6,177 | -96.4% |
| Profit (loss) for the period | 9904 | €19,232 | €605 | -€18,627 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,232 | €605 | -€18,627 | -96.9% |
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 25 October 2026 via checked.be.