D.K.E.L.: 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.
What changed
D.K.E.L.
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€19,937
2024 · €23,670-€3,733
Equity
€2.7m
2024 · €3.8m-€1.1m
Cash
€144,968
2024 · €96,497+€48,472
Balance sheet total
€3.9m
2024 · €5.1m-€1.2m
Largest movements
Assets
- Receivables after one year -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Tangible fixed assets -€80,170
down €80,170 (-3.3%), from €2.4m to €2.3m
of which Land and buildings: -€79,817
Equity and liabilities
- Reserves -€1.1m
down €1.1m (-29.5%), from €3.8m to €2.7m
of which Distributable reserves: -€1.1m
- Debts after one year -€76,699
down €76,699 (-8.8%), from €875,103 to €798,404
Income statement
- Gross operating margin -€8,394
down €8,394 (-4.6%), from €184,239 to €175,845
- Financial charges -€5,315
down €5,315 (-20.7%), from €25,696 to €20,380
- Financial income -€3,163
down €3,163 (-41.6%), from €7,602 to €4,439
- Depreciation -€2,061
down €2,061 (-2.0%), from €104,093 to €102,032
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.
Result 2024
€23,670
Gross operating margin
-€8,394
Depreciation
+€2,061
Other operating charges
-€123
Financial income
-€3,163
Financial charges
+€5,315
Taxes
+€569
Result 2025
€19,937
Cash bridge derived
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.
From operations
+€1.4m
Investment
-€46,497
Financing
-€1.3m
Cash 2024
€96,497
From operations (derived)
+€1.4m
Net result for the year
+€19,937
Depreciation
+€102,032
Receivables after one year
+€1.2m
Receivables within one year
-€11,810
Smaller working-capital items
-€2,871
Trade debts
-€25,045
Tax, wage and social debts
+€13,283
Other debts
+€47,144
Investment (derived)
-€46,497
Investment in fixed assets (net)
-€21,862
Current investments
-€24,635
Financing
-€1.3m
Debts after one year
-€76,699
Current portion of long-term debt
-€6,449
Short-term financial debts
-€29,953
Contributions, distributions and other
-€1.1m
Cash 2025
€144,968
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,129,162 | €3,925,202 | -€1.2m | -23.5% |
| Fixed assets | 21/28 | €2,400,465 | €2,320,295 | -€80,170 | -3.3% |
| Tangible fixed assets | 22/27 | €2,400,465 | €2,320,295 | -€80,170 | -3.3% |
| Land and buildings | 22 | €2,384,957 | €2,305,140 | -€79,817 | -3.3% |
| Plant, machinery and equipment | 23 | €3,055 | €2,429 | -€626 | -20.5% |
| Furniture and vehicles | 24 | €12,453 | €12,726 | +€273 | +2.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €2,728,697 | €1,604,907 | -€1.1m | -41.2% |
| Amounts receivable after more than one year | 29 | €1,211,118 | €0 | -€1.2m | -100.0% |
| Other amounts receivable | 291 | €1,211,118 | €0 | -€1.2m | -100.0% |
| Amounts receivable within one year | 40/41 | €1,388,846 | €1,400,657 | +€11,810 | +0.9% |
| Trade receivables | 40 | €45,922 | €35,583 | -€10,339 | -22.5% |
| Other amounts receivable | 41 | €1,342,925 | €1,365,074 | +€22,149 | +1.6% |
| Current investments | 50/53 | €31,876 | €56,511 | +€24,635 | +77.3% |
| Cash at bank and in hand | 54/58 | €96,497 | €144,968 | +€48,472 | +50.2% |
| Deferred charges and accrued income | 490/1 | €360 | €2,771 | +€2,411 | +670.4% |
| Total equity and liabilities | 10/49 | €5,129,162 | €3,925,202 | -€1.2m | -23.5% |
| Equity | 10/15 | €3,832,524 | €2,706,741 | -€1.1m | -29.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,820,124 | €2,694,341 | -€1.1m | -29.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €3,818,269 | €2,692,486 | -€1.1m | -29.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,296,638 | €1,218,460 | -€78,178 | -6.0% |
| Amounts payable after more than one year | 17 | €875,103 | €798,404 | -€76,699 | -8.8% |
| Financial debts | 170/4 | €875,103 | €798,404 | -€76,699 | -8.8% |
| Amounts payable within one year | 42/48 | €419,925 | €418,905 | -€1,019 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €93,076 | €86,627 | -€6,449 | -6.9% |
| Financial debts | 43 | €29,953 | €0 | -€29,953 | -100.0% |
| Credit institutions | 430/8 | €29,953 | €0 | -€29,953 | -100.0% |
| Trade debts | 44 | €33,361 | €8,316 | -€25,045 | -75.1% |
| Suppliers | 440/4 | €33,361 | €8,316 | -€25,045 | -75.1% |
| Taxes, remuneration and social security | 45 | €10,279 | €23,563 | +€13,283 | +129.2% |
| Taxes | 450/3 | €10,279 | €23,563 | +€13,283 | +129.2% |
| Other amounts payable | 47/48 | €253,256 | €300,400 | +€47,144 | +18.6% |
| Accrued charges and deferred income | 492/3 | €1,610 | €1,151 | -€459 | -28.5% |
| Non-recurring operating income | 76A | €388 | €0 | -€388 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,093 | €102,032 | -€2,061 | -2.0% |
| Other operating charges | 640/8 | €6,130 | €6,253 | +€123 | +2.0% |
| Gross operating margin | 9900 | €184,239 | €175,845 | -€8,394 | -4.6% |
| Operating profit (loss) | 9901 | €74,016 | €67,560 | -€6,456 | -8.7% |
| Financial income | 75/76B | €7,602 | €4,439 | -€3,163 | -41.6% |
| Recurring financial income | 75 | €7,602 | €4,439 | -€3,163 | -41.6% |
| Financial charges | 65/66B | €25,696 | €20,380 | -€5,315 | -20.7% |
| Recurring financial charges | 65 | €25,696 | €20,380 | -€5,315 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €55,922 | €51,619 | -€4,303 | -7.7% |
| Income taxes | 67/77 | €32,251 | €31,682 | -€569 | -1.8% |
| Profit (loss) for the period | 9904 | €23,670 | €19,937 | -€3,733 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,670 | €19,937 | -€3,733 | -15.8% |
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 10 October 2026 via checked.be.