DK: 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.
What changed
DK
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€40,419
2024 · €12,833+€27,586
Equity
€251,659
2024 · €212,077+€39,581
Cash
€7,331
2024 · €4,193+€3,139
Balance sheet total
€476,477
2024 · €498,084-€21,606
Largest movements
Assets
- Tangible fixed assets -€24,107
down €24,107 (-5.8%), from €413,379 to €389,272
of which Land and buildings: -€23,214
Equity and liabilities
- Reserves +€39,581
up €39,581 (+20.5%), from €193,477 to €233,059
of which Distributable reserves: +€40,314
- Debts after one year -€38,968
down €38,968 (-31.4%), from €124,151 to €85,183
- Other debts -€23,222
down €23,222 (-49.7%), from €46,686 to €23,465
Income statement
- Gross operating margin +€35,297
up €35,297 (+62.0%), from €56,940 to €92,237
- Taxes +€10,431
up €10,431 (+175%), from €5,950 to €16,381
- Financial charges -€1,931
down €1,931 (-17.1%), from €11,292 to €9,361
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.
Result 2024
€12,833
Gross operating margin
+€35,297
Depreciation
+€623
Other operating charges
+€191
Financial income
-€25
Financial charges
+€1,931
Taxes
-€10,431
Result 2025
€40,419
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€41,526
Investment
€0
Financing
-€38,387
Cash 2024
€4,193
From operations (derived)
+€41,526
Net result for the year
+€40,419
Depreciation
+€24,107
Receivables within one year
+€1,534
Deferred charges and accrued income
-€896
Provisions
-€361
Trade debts
-€1,573
Tax, wage and social debts
+€1,518
Other debts
-€23,222
Financing
-€38,387
Debts after one year
-€38,968
Current portion of long-term debt
+€1,418
Contributions, distributions and other
-€838
Cash 2025
€7,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €498,084 | €476,477 | -€21,606 | -4.3% |
| Fixed assets | 21/28 | €490,859 | €466,752 | -€24,107 | -4.9% |
| Tangible fixed assets | 22/27 | €413,379 | €389,272 | -€24,107 | -5.8% |
| Land and buildings | 22 | €412,100 | €388,886 | -€23,214 | -5.6% |
| Plant, machinery and equipment | 23 | €1,278 | €385 | -€893 | -69.9% |
| Financial fixed assets | 28 | €77,480 | €77,480 | = | 0.0% |
| Current assets | 29/58 | €7,225 | €9,726 | +€2,501 | +34.6% |
| Amounts receivable within one year | 40/41 | €1,534 | €0 | -€1,534 | -100% |
| Other amounts receivable | 41 | €1,534 | €0 | -€1,534 | -100% |
| Cash at bank and in hand | 54/58 | €4,193 | €7,331 | +€3,139 | +74.9% |
| Deferred charges and accrued income | 490/1 | €1,498 | €2,394 | +€896 | +59.8% |
| Total equity and liabilities | 10/49 | €498,084 | €476,477 | -€21,606 | -4.3% |
| Equity | 10/15 | €212,077 | €251,659 | +€39,581 | +18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,477 | €233,059 | +€39,581 | +20.5% |
| Tax-exempt reserves | 132 | €12,703 | €11,971 | -€733 | -5.8% |
| Distributable reserves | 133 | €180,774 | €221,088 | +€40,314 | +22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,257 | €5,896 | -€361 | -5.8% |
| Deferred taxes | 168 | €6,257 | €5,896 | -€361 | -5.8% |
| Amounts payable | 17/49 | €279,749 | €218,923 | -€60,827 | -21.7% |
| Amounts payable after more than one year | 17 | €124,151 | €85,183 | -€38,968 | -31.4% |
| Financial debts | 170/4 | €124,151 | €85,183 | -€38,968 | -31.4% |
| Amounts payable within one year | 42/48 | €155,599 | €133,740 | -€21,859 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €37,550 | €38,968 | +€1,418 | +3.8% |
| Financial debts | 43 | €57,500 | €57,500 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €57,500 | +€7,500 | +15.0% |
| Other loans | 439 | €7,500 | - | -€7,500 | |
| Trade debts | 44 | €7,517 | €5,944 | -€1,573 | -20.9% |
| Suppliers | 440/4 | €7,517 | €5,944 | -€1,573 | -20.9% |
| Taxes, remuneration and social security | 45 | €6,346 | €7,863 | +€1,518 | +23.9% |
| Taxes | 450/3 | €5,331 | €6,848 | +€1,518 | +28.5% |
| Remuneration and social security | 454/9 | €1,015 | €1,015 | = | 0.0% |
| Other amounts payable | 47/48 | €46,686 | €23,465 | -€23,222 | -49.7% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,730 | €24,107 | -€623 | -2.5% |
| Other operating charges | 640/8 | €2,521 | €2,331 | -€191 | -7.6% |
| Gross operating margin | 9900 | €56,940 | €92,237 | +€35,297 | +62.0% |
| Operating profit (loss) | 9901 | €29,689 | €65,799 | +€36,111 | +122% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100% |
| Financial charges | 65/66B | €11,292 | €9,361 | -€1,931 | -17.1% |
| Recurring financial charges | 65 | €11,292 | €9,361 | -€1,931 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €18,422 | €56,439 | +€38,017 | +206% |
| Transfer from deferred taxes | 780 | €361 | €361 | = | 0.0% |
| Income taxes | 67/77 | €5,950 | €16,381 | +€10,431 | +175% |
| Profit (loss) for the period | 9904 | €12,833 | €40,419 | +€27,586 | +215% |
| Transfer from tax-exempt reserves | 789 | €733 | €733 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,566 | €41,152 | +€27,586 | +203% |
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 16 October 2026 via checked.be.