D.K. BELGIUM: what changed
D.K. BELGIUM
Largest movements
- Cash -€26,887
down €26,887 (-19.8%), from €135,773 to €108,887
mainly Tax, wage and social debts (-€11,432) and Investment in fixed assets (net) (-€9,248)
- Receivables within one year +€7,179
up €7,179 (+5.1%), from €141,737 to €148,915
of which Trade receivables: +€16,661
- Tangible fixed assets +€4,651
up €4,651 (+42.3%), from €10,992 to €15,642
of which Other tangible fixed assets: +€15,642
- Tax, wage and social debts -€11,432
down €11,432 (-59.0%), from €19,388 to €7,956
- Other debts -€6,000
down €6,000 (-86.6%), from €6,926 to €926
- Gross operating margin -€19,340
down €19,340 (-81.9%), from €23,606 to €4,266
- Taxes -€3,800
down €3,800 (-89.8%), from €4,234 to €434
- Depreciation +€1,850
up €1,850 (+67.3%), from €2,748 to €4,598
- Staff costs -€1,176
no longer reported in 2025 (was €1,176)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,702 | €273,445 | -€17,257 | -5.9% |
| Fixed assets | 21/28 | €10,992 | €15,642 | +€4,651 | +42.3% |
| Tangible fixed assets | 22/27 | €10,992 | €15,642 | +€4,651 | +42.3% |
| Land and buildings | 22 | €10,992 | - | -€10,992 | |
| Other tangible fixed assets | 26 | - | €15,642 | +€15,642 | |
| Current assets | 29/58 | €279,710 | €257,802 | -€21,908 | -7.8% |
| Stocks and contracts in progress | 3 | €2,200 | - | -€2,200 | |
| Stocks | 30/36 | €2,200 | - | -€2,200 | |
| Amounts receivable within one year | 40/41 | €141,737 | €148,915 | +€7,179 | +5.1% |
| Trade receivables | 40 | €2,411 | €19,072 | +€16,661 | +691% |
| Other amounts receivable | 41 | €139,326 | €129,843 | -€9,482 | -6.8% |
| Cash at bank and in hand | 54/58 | €135,773 | €108,887 | -€26,887 | -19.8% |
| Total equity and liabilities | 10/49 | €290,702 | €273,445 | -€17,257 | -5.9% |
| Equity | 10/15 | €242,278 | €241,358 | -€920 | -0.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €27,096 | €27,096 | = | 0.0% |
| Distributable reserves | 133 | €27,096 | €27,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,182 | €14,262 | -€920 | -6.1% |
| Provisions and deferred taxes | 16 | €22,109 | €22,109 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,109 | €22,109 | = | 0.0% |
| Taxes | 161 | €22,109 | €22,109 | = | 0.0% |
| Amounts payable | 17/49 | €26,314 | €9,978 | -€16,337 | -62.1% |
| Amounts payable within one year | 42/48 | €26,314 | €9,978 | -€16,337 | -62.1% |
| Trade debts | 44 | - | €1,095 | +€1,095 | |
| Suppliers | 440/4 | - | €1,095 | +€1,095 | |
| Taxes, remuneration and social security | 45 | €19,388 | €7,956 | -€11,432 | -59.0% |
| Taxes | 450/3 | €19,388 | €7,956 | -€11,432 | -59.0% |
| Other amounts payable | 47/48 | €6,926 | €926 | -€6,000 | -86.6% |
| Remuneration, social security and pensions | 62 | €1,176 | - | -€1,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,748 | €4,598 | +€1,850 | +67.3% |
| Other operating charges | 640/8 | €16 | - | -€16 | |
| Gross operating margin | 9900 | €23,606 | €4,266 | -€19,340 | -81.9% |
| Operating profit (loss) | 9901 | €19,666 | -€331 | -€19,997 | |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €250 | €249 | -€1 | -0.4% |
| Recurring financial charges | 65 | €250 | €249 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €19,416 | -€487 | -€19,903 | |
| Income taxes | 67/77 | €4,234 | €434 | -€3,800 | -89.8% |
| Profit (loss) for the period | 9904 | €15,182 | -€920 | -€16,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,182 | -€920 | -€16,103 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.