D.K.F.: 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.F.
Largest movements
- Tangible fixed assets -€55,335
down €55,335 (-20.5%), from €269,734 to €214,400
- Receivables within one year -€29,850
down €29,850 (-57.2%), from €52,186 to €22,337
of which Trade receivables: -€29,900
- Cash +€22,185
up €22,185 (+627%), from €3,536 to €25,721
mainly Depreciation (+€58,835) and Receivables within one year (+€29,850)
- Trade debts -€37,351
down €37,351 (-84.8%), from €44,039 to €6,688
- Debts after one year -€30,369
down €30,369 (-9.3%), from €326,121 to €295,753
of which Financial debts: -€29,369
- Profit (loss) carried forward +€14,979
up €14,979 (+17.2%), from -€87,009 to -€72,030
- Current portion of long-term debt -€9,479
down €9,479 (-23.9%), from €39,741 to €30,262
- Gross operating margin +€61,114
up €61,114 (+117%), from €52,167 to €113,282
- Write-downs +€6,625
new in 2025: €6,625
- Staff costs -€3,656
down €3,656 (-11.7%), from €31,165 to €27,509
- Depreciation +€2,050
up €2,050 (+3.6%), from €56,784 to €58,835
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 | €347,994 | €282,286 | -€65,708 | -18.9% |
| Fixed assets | 21/28 | €270,234 | €214,900 | -€55,335 | -20.5% |
| Tangible fixed assets | 22/27 | €269,734 | €214,400 | -€55,335 | -20.5% |
| Plant, machinery and equipment | 23 | €163,081 | €142,820 | -€20,261 | -12.4% |
| Furniture and vehicles | 24 | €84,673 | €71,580 | -€13,094 | -15.5% |
| Leasing and similar rights | 25 | €21,980 | - | -€21,980 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €77,760 | €67,386 | -€10,374 | -13.3% |
| Stocks and contracts in progress | 3 | €20,500 | €18,150 | -€2,350 | -11.5% |
| Stocks | 30/36 | €20,500 | €18,150 | -€2,350 | -11.5% |
| Amounts receivable within one year | 40/41 | €52,186 | €22,337 | -€29,850 | -57.2% |
| Trade receivables | 40 | €51,787 | €21,886 | -€29,900 | -57.7% |
| Other amounts receivable | 41 | €400 | €450 | +€51 | +12.7% |
| Cash at bank and in hand | 54/58 | €3,536 | €25,721 | +€22,185 | +627% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,178 | -€359 | -23.4% |
| Total equity and liabilities | 10/49 | €347,994 | €282,286 | -€65,708 | -18.9% |
| Equity | 10/15 | -€68,409 | -€53,430 | +€14,979 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,009 | -€72,030 | +€14,979 | +17.2% |
| Amounts payable | 17/49 | €416,403 | €335,716 | -€80,687 | -19.4% |
| Amounts payable after more than one year | 17 | €326,121 | €295,753 | -€30,369 | -9.3% |
| Financial debts | 170/4 | €208,622 | €179,254 | -€29,369 | -14.1% |
| Other amounts payable | 178/9 | €117,499 | €116,499 | -€1,000 | -0.9% |
| Amounts payable within one year | 42/48 | €90,234 | €39,927 | -€50,307 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €39,741 | €30,262 | -€9,479 | -23.9% |
| Trade debts | 44 | €44,039 | €6,688 | -€37,351 | -84.8% |
| Suppliers | 440/4 | €44,039 | €6,688 | -€37,351 | -84.8% |
| Taxes, remuneration and social security | 45 | €5,454 | €2,977 | -€2,477 | -45.4% |
| Taxes | 450/3 | €4,905 | - | -€4,905 | |
| Remuneration and social security | 454/9 | €549 | €2,977 | +€2,428 | +442% |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Accrued charges and deferred income | 492/3 | €48 | €37 | -€11 | -23.5% |
| Remuneration, social security and pensions | 62 | €31,165 | €27,509 | -€3,656 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,784 | €58,835 | +€2,050 | +3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,625 | +€6,625 | |
| Other operating charges | 640/8 | €1,084 | €1,479 | +€395 | +36.5% |
| Gross operating margin | 9900 | €52,167 | €113,282 | +€61,114 | +117% |
| Operating profit (loss) | 9901 | -€36,866 | €18,835 | +€55,700 | |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €4,976 | €3,856 | -€1,121 | -22.5% |
| Recurring financial charges | 65 | €4,976 | €3,856 | -€1,121 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | -€41,831 | €14,979 | +€56,810 | |
| Profit (loss) for the period | 9904 | -€41,831 | €14,979 | +€56,810 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,831 | €14,979 | +€56,810 |
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.