DCK Stables: 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.
DCK Stables
Largest movements
- Tangible fixed assets +€26,879
up €26,879 (+41.2%), from €65,313 to €92,192
of which Furniture and vehicles: +€33,522
- Stocks and contracts +€12,540
up €12,540 (+9.2%), from €135,688 to €148,228
- Receivables within one year +€9,347
up €9,347 (+217.8%), from €4,291 to €13,638
- Cash -€5,532
down €5,532 (-77.2%), from €7,166 to €1,635
mainly Net result for the year (-€44,249) and Investment in fixed assets (net) (-€35,256)
- Other debts +€84,682
up €84,682 (+39.7%), from €213,466 to €298,148
- Profit (loss) carried forward -€44,249
down €44,249 (-131.9%), from -€33,536 to -€77,785
- Trade debts +€2,802
up €2,802 (+110.8%), from €2,528 to €5,330
- Gross operating margin -€18,580
down €18,580 (-109.1%), from -€17,037 to -€35,617
- Depreciation +€818
up €818 (+10.8%), from €7,559 to €8,377
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 | €212,458 | €255,693 | +€43,234 | +20.3% |
| Fixed assets | 21/28 | €65,313 | €92,192 | +€26,879 | +41.2% |
| Tangible fixed assets | 22/27 | €65,313 | €92,192 | +€26,879 | +41.2% |
| Plant, machinery and equipment | 23 | €65,313 | €58,670 | -€6,642 | -10.2% |
| Furniture and vehicles | 24 | - | €33,522 | +€33,522 | |
| Current assets | 29/58 | €147,145 | €163,501 | +€16,355 | +11.1% |
| Stocks and contracts in progress | 3 | €135,688 | €148,228 | +€12,540 | +9.2% |
| Stocks | 30/36 | €135,688 | €148,228 | +€12,540 | +9.2% |
| Amounts receivable within one year | 40/41 | €4,291 | €13,638 | +€9,347 | +217.8% |
| Other amounts receivable | 41 | €4,291 | €13,638 | +€9,347 | +217.8% |
| Cash at bank and in hand | 54/58 | €7,166 | €1,635 | -€5,532 | -77.2% |
| Total equity and liabilities | 10/49 | €212,458 | €255,693 | +€43,234 | +20.3% |
| Equity | 10/15 | -€3,536 | -€47,785 | -€44,249 | -1251.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,536 | -€77,785 | -€44,249 | -131.9% |
| Amounts payable | 17/49 | €215,995 | €303,478 | +€87,483 | +40.5% |
| Amounts payable within one year | 42/48 | €215,995 | €303,478 | +€87,483 | +40.5% |
| Trade debts | 44 | €2,528 | €5,330 | +€2,802 | +110.8% |
| Suppliers | 440/4 | €2,528 | €5,330 | +€2,802 | +110.8% |
| Other amounts payable | 47/48 | €213,466 | €298,148 | +€84,682 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,559 | €8,377 | +€818 | +10.8% |
| Other operating charges | 640/8 | €226 | €228 | +€2 | +0.9% |
| Gross operating margin | 9900 | -€17,037 | -€35,617 | -€18,580 | -109.1% |
| Operating profit (loss) | 9901 | -€24,822 | -€44,221 | -€19,400 | -78.2% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €36 | €41 | +€5 | +14.6% |
| Recurring financial charges | 65 | €36 | €41 | +€5 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,858 | -€44,249 | -€19,391 | -78.0% |
| Profit (loss) for the period | 9904 | -€24,858 | -€44,249 | -€19,391 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,858 | -€44,249 | -€19,391 | -78.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.