DK.ADVICE: 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.
DK.ADVICE
Largest movements
- Current investments +€41,475
up €41,475 (+37.4%), from €110,943 to €152,418
- Receivables within one year -€15,231
down €15,231 (-32.3%), from €47,173 to €31,943
of which Trade receivables: -€15,291
- Reserves +€24,841
up €24,841 (+11.6%), from €213,783 to €238,624
- Gross operating margin -€21,708
down €21,708 (-28.6%), from €76,018 to €54,309
- Taxes -€6,459
down €6,459 (-36.0%), from €17,936 to €11,476
- Depreciation -€2,992
down €2,992 (-18.2%), from €16,414 to €13,422
- Financial charges +€1,915
up €1,915 (+686.4%), from €279 to €2,194
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 | €230,276 | €254,298 | +€24,022 | +10.4% |
| Fixed assets | 21/28 | €46,503 | €45,501 | -€1,002 | -2.2% |
| Tangible fixed assets | 22/27 | €46,503 | €45,501 | -€1,002 | -2.2% |
| Land and buildings | 22 | €39,983 | €38,889 | -€1,094 | -2.7% |
| Plant, machinery and equipment | 23 | €197 | €0 | -€197 | -100.0% |
| Furniture and vehicles | 24 | €3,823 | €1,092 | -€2,732 | -71.4% |
| Other tangible fixed assets | 26 | €2,500 | €5,520 | +€3,020 | +120.8% |
| Current assets | 29/58 | €183,773 | €208,797 | +€25,024 | +13.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €47,173 | €31,943 | -€15,231 | -32.3% |
| Trade receivables | 40 | €36,722 | €21,431 | -€15,291 | -41.6% |
| Other amounts receivable | 41 | €10,451 | €10,512 | +€61 | +0.6% |
| Current investments | 50/53 | €110,943 | €152,418 | +€41,475 | +37.4% |
| Cash at bank and in hand | 54/58 | €22,580 | €21,663 | -€917 | -4.1% |
| Deferred charges and accrued income | 490/1 | €3,077 | €2,773 | -€304 | -9.9% |
| Total equity and liabilities | 10/49 | €230,276 | €254,298 | +€24,022 | +10.4% |
| Equity | 10/15 | €222,283 | €247,124 | +€24,841 | +11.2% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Reserves | 13 | €213,783 | €238,624 | +€24,841 | +11.6% |
| Distributable reserves | 133 | €213,783 | €238,624 | +€24,841 | +11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,994 | €7,174 | -€819 | -10.3% |
| Amounts payable within one year | 42/48 | €7,994 | €7,174 | -€819 | -10.3% |
| Trade debts | 44 | €2,908 | €1,880 | -€1,028 | -35.4% |
| Suppliers | 440/4 | €2,908 | €1,880 | -€1,028 | -35.4% |
| Taxes, remuneration and social security | 45 | €3,368 | €3,628 | +€261 | +7.7% |
| Taxes | 450/3 | €3,368 | €3,628 | +€261 | +7.7% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Non-recurring operating income | 76A | - | €8,510 | +€8,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,414 | €13,422 | -€2,992 | -18.2% |
| Other operating charges | 640/8 | €1,653 | €1,909 | +€256 | +15.5% |
| Gross operating margin | 9900 | €76,018 | €54,309 | -€21,708 | -28.6% |
| Operating profit (loss) | 9901 | €57,951 | €38,978 | -€18,972 | -32.7% |
| Financial income | 75/76B | €1,582 | €1,199 | -€383 | -24.2% |
| Recurring financial income | 75 | €1,582 | €1,199 | -€383 | -24.2% |
| Financial charges | 65/66B | €279 | €2,194 | +€1,915 | +686.4% |
| Recurring financial charges | 65 | €279 | €2,194 | +€1,915 | +686.4% |
| Profit (loss) for the period before taxes | 9903 | €59,253 | €37,983 | -€21,270 | -35.9% |
| Income taxes | 67/77 | €17,936 | €11,476 | -€6,459 | -36.0% |
| Profit (loss) for the period | 9904 | €41,318 | €26,507 | -€14,811 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,318 | €26,507 | -€14,811 | -35.8% |
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 9 October 2026 via checked.be.