D.K. PROJECTS: 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. PROJECTS
Largest movements
- Receivables within one year +€77,703
up €77,703 (+44.4%), from €175,086 to €252,789
of which Trade receivables: +€50,901
- Cash -€48,975
down €48,975 (-51.1%), from €95,921 to €46,946
mainly Receivables within one year (-€77,703) and Investment in fixed assets (net) (-€22,315)
- Tangible fixed assets +€6,712
up €6,712 (+16.4%), from €40,822 to €47,534
of which Furniture and vehicles: +€13,654
- Debts after one year +€20,089
up €20,089 (+51.0%), from €39,379 to €59,468
- Reserves +€13,097
up €13,097 (+6.9%), from €189,967 to €203,065
of which Distributable reserves: +€13,097
- Trade debts -€7,832
down €7,832 (-28.4%), from €27,593 to €19,760
- Tax, wage and social debts +€6,783
up €6,783 (+21.2%), from €31,939 to €38,722
- Current portion of long-term debt +€5,576
up €5,576 (+44.5%), from €12,523 to €18,099
- Gross operating margin -€36,752
down €36,752 (-38.4%), from €95,609 to €58,857
- Taxes -€8,624
down €8,624 (-41.4%), from €20,826 to €12,202
- Depreciation -€4,195
down €4,195 (-20.9%), from €20,028 to €15,833
- Financial income +€2,486
up €2,486 (+67.0%), from €3,709 to €6,195
- Other operating charges -€1,675
down €1,675 (-58.2%), from €2,878 to €1,203
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 | €313,802 | €351,514 | +€37,712 | +12.0% |
| Fixed assets | 21/28 | €41,795 | €48,277 | +€6,482 | +15.5% |
| Intangible fixed assets | 21 | €973 | €743 | -€230 | -23.6% |
| Tangible fixed assets | 22/27 | €40,822 | €47,534 | +€6,712 | +16.4% |
| Land and buildings | 22 | €24,839 | €16,707 | -€8,132 | -32.7% |
| Furniture and vehicles | 24 | €9,192 | €22,846 | +€13,654 | +148.5% |
| Other tangible fixed assets | 26 | €6,791 | €7,981 | +€1,190 | +17.5% |
| Current assets | 29/58 | €272,006 | €303,237 | +€31,230 | +11.5% |
| Amounts receivable within one year | 40/41 | €175,086 | €252,789 | +€77,703 | +44.4% |
| Trade receivables | 40 | €108,351 | €159,252 | +€50,901 | +47.0% |
| Other amounts receivable | 41 | €66,735 | €93,537 | +€26,802 | +40.2% |
| Current investments | 50/53 | - | €3,502 | +€3,502 | |
| Cash at bank and in hand | 54/58 | €95,921 | €46,946 | -€48,975 | -51.1% |
| Deferred charges and accrued income | 490/1 | €999 | €0 | -€999 | -100.0% |
| Total equity and liabilities | 10/49 | €313,802 | €351,514 | +€37,712 | +12.0% |
| Equity | 10/15 | €202,367 | €215,465 | +€13,097 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €189,967 | €203,065 | +€13,097 | +6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €188,107 | €201,205 | +€13,097 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €111,434 | €136,049 | +€24,615 | +22.1% |
| Amounts payable after more than one year | 17 | €39,379 | €59,468 | +€20,089 | +51.0% |
| Financial debts | 170/4 | €39,379 | €59,468 | +€20,089 | +51.0% |
| Amounts payable within one year | 42/48 | €72,055 | €76,581 | +€4,526 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €12,523 | €18,099 | +€5,576 | +44.5% |
| Trade debts | 44 | €27,593 | €19,760 | -€7,832 | -28.4% |
| Suppliers | 440/4 | €27,593 | €19,760 | -€7,832 | -28.4% |
| Taxes, remuneration and social security | 45 | €31,939 | €38,722 | +€6,783 | +21.2% |
| Taxes | 450/3 | €31,939 | €38,722 | +€6,783 | +21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,028 | €15,833 | -€4,195 | -20.9% |
| Other operating charges | 640/8 | €2,878 | €1,203 | -€1,675 | -58.2% |
| Gross operating margin | 9900 | €95,609 | €58,857 | -€36,752 | -38.4% |
| Operating profit (loss) | 9901 | €72,703 | €41,821 | -€30,882 | -42.5% |
| Financial income | 75/76B | €3,709 | €6,195 | +€2,486 | +67.0% |
| Recurring financial income | 75 | €3,709 | €6,195 | +€2,486 | +67.0% |
| Financial charges | 65/66B | €4,304 | €5,078 | +€774 | +18.0% |
| Recurring financial charges | 65 | €4,304 | €5,078 | +€774 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €72,109 | €42,939 | -€29,170 | -40.5% |
| Income taxes | 67/77 | €20,826 | €12,202 | -€8,624 | -41.4% |
| Profit (loss) for the period | 9904 | €51,283 | €30,737 | -€20,546 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,283 | €30,737 | -€20,546 | -40.1% |
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 12 October 2026 via checked.be.