D-K: 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-K
Largest movements
- Receivables within one year +€78,470
up €78,470 (+37.2%), from €210,827 to €289,297
of which Other amounts receivable: +€63,418
- Cash +€43,233
up €43,233 (+229%), from €18,873 to €62,106
mainly Trade debts (+€127,477) and Depreciation (+€40,607)
- Tangible fixed assets -€18,885
down €18,885 (-11.2%), from €168,526 to €149,642
of which Leasing and similar rights: -€32,180
- Trade debts +€127,477
up €127,477 (+61.1%), from €208,653 to €336,130
- Debts after one year -€37,035
down €37,035 (-39.3%), from €94,137 to €57,102
- Profit (loss) carried forward +€5,332
up €5,332 (+8.9%), from €59,964 to €65,296
- Gross operating margin +€71,358
up €71,358 (+40.3%), from €177,243 to €248,601
- Staff costs +€42,729
up €42,729 (+35.2%), from €121,315 to €164,043
- Depreciation +€25,018
up €25,018 (+160%), from €15,590 to €40,607
- Other operating charges +€12,578
up €12,578 (+96.1%), from €13,090 to €25,668
- Financial charges +€4,096
up €4,096 (+89.4%), from €4,580 to €8,676
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 | €422,226 | €525,044 | +€102,818 | +24.4% |
| Fixed assets | 21/28 | €192,526 | €173,642 | -€18,885 | -9.8% |
| Tangible fixed assets | 22/27 | €168,526 | €149,642 | -€18,885 | -11.2% |
| Furniture and vehicles | 24 | €20,113 | €33,408 | +€13,295 | +66.1% |
| Leasing and similar rights | 25 | €148,413 | €116,233 | -€32,180 | -21.7% |
| Financial fixed assets | 28 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €229,700 | €351,403 | +€121,703 | +53.0% |
| Amounts receivable within one year | 40/41 | €210,827 | €289,297 | +€78,470 | +37.2% |
| Trade receivables | 40 | €210,827 | €225,879 | +€15,052 | +7.1% |
| Other amounts receivable | 41 | - | €63,418 | +€63,418 | |
| Cash at bank and in hand | 54/58 | €18,873 | €62,106 | +€43,233 | +229% |
| Total equity and liabilities | 10/49 | €422,226 | €525,044 | +€102,818 | +24.4% |
| Equity | 10/15 | €74,574 | €79,906 | +€5,332 | +7.2% |
| Contributions | 10/11 | €14,610 | €14,610 | = | 0.0% |
| Contributions outside capital | 11 | €14,610 | €14,610 | = | 0.0% |
| Other | 1109/19 | €14,610 | €14,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,964 | €65,296 | +€5,332 | +8.9% |
| Amounts payable | 17/49 | €347,653 | €445,138 | +€97,486 | +28.0% |
| Amounts payable after more than one year | 17 | €94,137 | €57,102 | -€37,035 | -39.3% |
| Financial debts | 170/4 | €94,137 | €57,102 | -€37,035 | -39.3% |
| Amounts payable within one year | 42/48 | €253,515 | €388,036 | +€134,521 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €30,656 | €33,483 | +€2,827 | +9.2% |
| Trade debts | 44 | €208,653 | €336,130 | +€127,477 | +61.1% |
| Suppliers | 440/4 | €208,653 | €336,130 | +€127,477 | +61.1% |
| Taxes, remuneration and social security | 45 | €14,206 | €18,423 | +€4,217 | +29.7% |
| Taxes | 450/3 | €14,206 | €17,958 | +€3,752 | +26.4% |
| Remuneration and social security | 454/9 | - | €465 | +€465 | |
| Remuneration, social security and pensions | 62 | €121,315 | €164,043 | +€42,729 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,590 | €40,607 | +€25,018 | +160% |
| Other operating charges | 640/8 | €13,090 | €25,668 | +€12,578 | +96.1% |
| Gross operating margin | 9900 | €177,243 | €248,601 | +€71,358 | +40.3% |
| Operating profit (loss) | 9901 | €27,250 | €18,283 | -€8,967 | -32.9% |
| Financial charges | 65/66B | €4,580 | €8,676 | +€4,096 | +89.4% |
| Recurring financial charges | 65 | €4,580 | €8,676 | +€4,096 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €22,669 | €9,607 | -€13,063 | -57.6% |
| Income taxes | 67/77 | €3,882 | €4,274 | +€393 | +10.1% |
| Profit (loss) for the period | 9904 | €18,788 | €5,332 | -€13,455 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,788 | €5,332 | -€13,455 | -71.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.