DAK-ART: 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.
DAK-ART
Largest movements
- Tangible fixed assets -€30,906
down €30,906 (-34.0%), from €90,791 to €59,884
of which Furniture and vehicles: -€24,770
- Receivables within one year +€21,966
up €21,966 (+150%), from €14,631 to €36,597
of which Trade receivables: +€13,299
- Deferred charges and accrued income +€17,559
up €17,559 (+205%), from €8,563 to €26,122
- Stocks and contracts -€3,890
down €3,890 (-15.1%), from €25,782 to €21,892
- Trade debts +€17,238
new in 2025: €17,238
- Debts after one year -€12,769
down €12,769 (-26.0%), from €49,019 to €36,250
- Reserves +€5,121
up €5,121 (+14.1%), from €36,301 to €41,422
of which Distributable reserves: +€5,121
- Current portion of long-term debt -€2,466
down €2,466 (-7.6%), from €32,239 to €29,773
- Accrued charges and deferred income -€1,689
no longer reported in 2025 (was €1,689)
- Gross operating margin -€4,694
down €4,694 (-9.3%), from €50,253 to €45,559
- Depreciation -€888
down €888 (-2.7%), from €33,030 to €32,142
- Taxes -€680
down €680 (-13.2%), from €5,150 to €4,471
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,767 | €144,495 | +€4,728 | +3.4% |
| Fixed assets | 21/28 | €90,791 | €59,884 | -€30,906 | -34.0% |
| Tangible fixed assets | 22/27 | €90,791 | €59,884 | -€30,906 | -34.0% |
| Plant, machinery and equipment | 23 | €13,320 | €7,183 | -€6,137 | -46.1% |
| Furniture and vehicles | 24 | €77,471 | €52,701 | -€24,770 | -32.0% |
| Current assets | 29/58 | €48,976 | €84,611 | +€35,635 | +72.8% |
| Stocks and contracts in progress | 3 | €25,782 | €21,892 | -€3,890 | -15.1% |
| Stocks | 30/36 | €25,782 | €21,892 | -€3,890 | -15.1% |
| Amounts receivable within one year | 40/41 | €14,631 | €36,597 | +€21,966 | +150% |
| Trade receivables | 40 | €2,957 | €16,255 | +€13,299 | +450% |
| Other amounts receivable | 41 | €11,675 | €20,342 | +€8,667 | +74.2% |
| Deferred charges and accrued income | 490/1 | €8,563 | €26,122 | +€17,559 | +205% |
| Total equity and liabilities | 10/49 | €139,767 | €144,495 | +€4,728 | +3.4% |
| Equity | 10/15 | €48,701 | €53,822 | +€5,121 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €36,301 | €41,422 | +€5,121 | +14.1% |
| 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 | €34,441 | €39,562 | +€5,121 | +14.9% |
| Amounts payable | 17/49 | €91,066 | €90,673 | -€392 | -0.4% |
| Amounts payable after more than one year | 17 | €49,019 | €36,250 | -€12,769 | -26.0% |
| Financial debts | 170/4 | €49,019 | €36,250 | -€12,769 | -26.0% |
| Amounts payable within one year | 42/48 | €40,358 | €54,424 | +€14,066 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €32,239 | €29,773 | -€2,466 | -7.6% |
| Financial debts | 43 | €8,119 | €7,413 | -€706 | -8.7% |
| Credit institutions | 430/8 | €8,119 | €7,413 | -€706 | -8.7% |
| Trade debts | 44 | - | €17,238 | +€17,238 | |
| Suppliers | 440/4 | - | €17,238 | +€17,238 | |
| Accrued charges and deferred income | 492/3 | €1,689 | - | -€1,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,030 | €32,142 | -€888 | -2.7% |
| Other operating charges | 640/8 | €1,016 | €609 | -€406 | -40.0% |
| Gross operating margin | 9900 | €50,253 | €45,559 | -€4,694 | -9.3% |
| Operating profit (loss) | 9901 | €16,206 | €12,807 | -€3,399 | -21.0% |
| Financial income | 75/76B | €56 | €252 | +€196 | +349% |
| Recurring financial income | 75 | €56 | €252 | +€196 | +349% |
| Financial charges | 65/66B | €3,092 | €3,468 | +€376 | +12.2% |
| Recurring financial charges | 65 | €3,092 | €3,468 | +€376 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €13,171 | €9,591 | -€3,580 | -27.2% |
| Income taxes | 67/77 | €5,150 | €4,471 | -€680 | -13.2% |
| Profit (loss) for the period | 9904 | €8,021 | €5,121 | -€2,900 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,021 | €5,121 | -€2,900 | -36.2% |
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 23 October 2026 via checked.be.