D.K.M.: what changed
Two fiscal 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.M.
Largest movements
- Tangible fixed assets -€36,326
down €36,326 (-13.7%), from €265,095 to €228,769
- Financial fixed assets +€18,117
up €18,117 (+7.9%), from €230,000 to €248,117
- Other debts +€41,606
up €41,606 (+18.0%), from €231,104 to €272,710
- Debts after one year -€36,059
down €36,059 (-15.3%), from €235,969 to €199,911
- Reserves -€12,798
down €12,798 (-6.7%), from €190,577 to €177,779
of which Distributable reserves: -€12,798
- Financial charges +€18,863
up €18,863 (+147.5%), from €12,788 to €31,651
- Financial income +€10,737
up €10,737 (+233.4%), from €4,600 to €15,337
- Gross operating margin +€9,496
up €9,496 (+25.2%), from €37,711 to €47,208
- Other operating charges +€2,119
up €2,119 (+40.4%), from €5,247 to €7,366
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €772,262 | €761,086 | -€11,176 | -1.4% |
| Fixed assets | 21/28 | €495,095 | €476,886 | -€18,209 | -3.7% |
| Tangible fixed assets | 22/27 | €265,095 | €228,769 | -€36,326 | -13.7% |
| Land and buildings | 22 | €265,095 | €228,769 | -€36,326 | -13.7% |
| Financial fixed assets | 28 | €230,000 | €248,117 | +€18,117 | +7.9% |
| Current assets | 29/58 | €277,168 | €284,200 | +€7,033 | +2.5% |
| Amounts receivable within one year | 40/41 | €17,200 | €21,800 | +€4,600 | +26.7% |
| Other amounts receivable | 41 | €17,200 | €21,800 | +€4,600 | +26.7% |
| Current investments | 50/53 | €251,276 | €251,276 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,148 | €4,504 | +€2,357 | +109.7% |
| Deferred charges and accrued income | 490/1 | €6,544 | €6,620 | +€76 | +1.2% |
| Total equity and liabilities | 10/49 | €772,262 | €761,086 | -€11,176 | -1.4% |
| Equity | 10/15 | €252,577 | €239,779 | -€12,798 | -5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €190,577 | €177,779 | -€12,798 | -6.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €184,377 | €171,579 | -€12,798 | -6.9% |
| Amounts payable | 17/49 | €519,685 | €521,308 | +€1,622 | +0.3% |
| Amounts payable after more than one year | 17 | €235,969 | €199,911 | -€36,059 | -15.3% |
| Financial debts | 170/4 | €235,969 | €199,911 | -€36,059 | -15.3% |
| Amounts payable within one year | 42/48 | €278,289 | €321,397 | +€43,108 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €47,059 | €47,059 | = | 0.0% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,628 | +€1,628 | |
| Taxes | 450/3 | - | €1,628 | +€1,628 | |
| Other amounts payable | 47/48 | €231,104 | €272,710 | +€41,606 | +18.0% |
| Accrued charges and deferred income | 492/3 | €5,427 | €0 | -€5,427 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,591 | €36,326 | -€265 | -0.7% |
| Other operating charges | 640/8 | €5,247 | €7,366 | +€2,119 | +40.4% |
| Gross operating margin | 9900 | €37,711 | €47,208 | +€9,496 | +25.2% |
| Operating profit (loss) | 9901 | -€4,126 | €3,516 | +€7,642 | |
| Financial income | 75/76B | €4,600 | €15,337 | +€10,737 | +233.4% |
| Recurring financial income | 75 | €4,600 | €15,337 | +€10,737 | +233.4% |
| Financial charges | 65/66B | €12,788 | €31,651 | +€18,863 | +147.5% |
| Recurring financial charges | 65 | €12,788 | €31,651 | +€18,863 | +147.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,314 | -€12,798 | -€484 | -3.9% |
| Income taxes | 67/77 | €26 | €0 | -€26 | -100.0% |
| Profit (loss) for the period | 9904 | -€12,340 | -€12,798 | -€458 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,340 | -€12,798 | -€458 | -3.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.