DCK: 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.
DCK
Largest movements
- Receivables after one year -€89,999
down €89,999 (-44.1%), from €203,986 to €113,987
- Receivables within one year -€47,752
down €47,752 (-41.7%), from €114,525 to €66,773
of which Trade receivables: -€31,139
- Tangible fixed assets -€35,756
down €35,756 (-27.7%), from €128,979 to €93,223
of which Other tangible fixed assets: -€28,377
- Deferred charges and accrued income +€12,651
up €12,651 (+117.0%), from €10,815 to €23,466
- Cash +€8,961
up €8,961 (+270.6%), from €3,311 to €12,272
mainly Receivables after one year (+€89,999) and Receivables within one year (+€47,752)
- Short-term financial debts -€66,979
down €66,979 (-88.8%), from €75,403 to €8,424
- Debts after one year -€43,000
down €43,000 (-79.6%), from €54,052 to €11,052
- Trade debts -€31,444
down €31,444 (-48.1%), from €65,339 to €33,895
- Profit (loss) carried forward -€28,239
down €28,239 (-132.7%), from -€21,282 to -€49,522
- Accrued charges and deferred income +€7,500
new in 2025: €7,500
- Gross operating margin -€50,453
down €50,453 (-14.0%), from €361,311 to €310,859
- Staff costs -€20,919
down €20,919 (-6.6%), from €317,176 to €296,257
- Depreciation -€10,033
down €10,033 (-21.9%), from €45,789 to €35,756
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 | €562,547 | €402,021 | -€160,526 | -28.5% |
| Fixed assets | 21/28 | €128,979 | €93,223 | -€35,756 | -27.7% |
| Tangible fixed assets | 22/27 | €128,979 | €93,223 | -€35,756 | -27.7% |
| Plant, machinery and equipment | 23 | €28,042 | €22,178 | -€5,864 | -20.9% |
| Furniture and vehicles | 24 | €1,772 | €257 | -€1,515 | -85.5% |
| Other tangible fixed assets | 26 | €99,166 | €70,788 | -€28,377 | -28.6% |
| Current assets | 29/58 | €433,567 | €308,798 | -€124,770 | -28.8% |
| Amounts receivable after more than one year | 29 | €203,986 | €113,987 | -€89,999 | -44.1% |
| Other amounts receivable | 291 | €203,986 | €113,987 | -€89,999 | -44.1% |
| Stocks and contracts in progress | 3 | €100,930 | €92,300 | -€8,630 | -8.6% |
| Stocks | 30/36 | €86,130 | €88,500 | +€2,370 | +2.8% |
| Contracts in progress | 37 | €14,800 | €3,800 | -€11,000 | -74.3% |
| Amounts receivable within one year | 40/41 | €114,525 | €66,773 | -€47,752 | -41.7% |
| Trade receivables | 40 | €76,169 | €45,030 | -€31,139 | -40.9% |
| Other amounts receivable | 41 | €38,356 | €21,743 | -€16,613 | -43.3% |
| Cash at bank and in hand | 54/58 | €3,311 | €12,272 | +€8,961 | +270.6% |
| Deferred charges and accrued income | 490/1 | €10,815 | €23,466 | +€12,651 | +117.0% |
| Total equity and liabilities | 10/49 | €562,547 | €402,021 | -€160,526 | -28.5% |
| Equity | 10/15 | €284,290 | €256,051 | -€28,239 | -9.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286,972 | €286,972 | = | 0.0% |
| Distributable reserves | 133 | €286,972 | €286,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,282 | -€49,522 | -€28,239 | -132.7% |
| Amounts payable | 17/49 | €278,257 | €145,970 | -€132,287 | -47.5% |
| Amounts payable after more than one year | 17 | €54,052 | €11,052 | -€43,000 | -79.6% |
| Other amounts payable | 178/9 | €54,052 | €11,052 | -€43,000 | -79.6% |
| Amounts payable within one year | 42/48 | €224,204 | €127,418 | -€96,787 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €75,403 | €8,424 | -€66,979 | -88.8% |
| Credit institutions | 430/8 | €75,403 | €8,424 | -€66,979 | -88.8% |
| Trade debts | 44 | €65,339 | €33,895 | -€31,444 | -48.1% |
| Suppliers | 440/4 | €65,339 | €33,895 | -€31,444 | -48.1% |
| Taxes, remuneration and social security | 45 | €83,463 | €85,099 | +€1,636 | +2.0% |
| Taxes | 450/3 | €11,673 | €14,471 | +€2,797 | +24.0% |
| Remuneration and social security | 454/9 | €71,790 | €70,628 | -€1,161 | -1.6% |
| Accrued charges and deferred income | 492/3 | - | €7,500 | +€7,500 | |
| Non-recurring operating income | 76A | - | €6,500 | +€6,500 | |
| Remuneration, social security and pensions | 62 | €317,176 | €296,257 | -€20,919 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,789 | €35,756 | -€10,033 | -21.9% |
| Other operating charges | 640/8 | €903 | €1,331 | +€428 | +47.4% |
| Gross operating margin | 9900 | €361,311 | €310,859 | -€50,453 | -14.0% |
| Operating profit (loss) | 9901 | -€2,557 | -€22,485 | -€19,929 | -779.5% |
| Financial income | 75/76B | €3,947 | €3,173 | -€774 | -19.6% |
| Recurring financial income | 75 | €3,947 | €3,173 | -€774 | -19.6% |
| Financial charges | 65/66B | €9,411 | €8,413 | -€997 | -10.6% |
| Recurring financial charges | 65 | €9,411 | €8,413 | -€997 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,020 | -€27,726 | -€19,706 | -245.7% |
| Income taxes | 67/77 | €452 | €511 | +€59 | +13.0% |
| Profit (loss) for the period | 9904 | -€8,472 | -€28,236 | -€19,765 | -233.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,472 | -€28,236 | -€19,765 | -233.3% |
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.