DK INVEST: 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 INVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€35,666
2024 · -€66,845+€31,179
Equity
€354,687
2024 · €451,553-€96,866
Cash
€48,200
2024 · €44,431+€3,769
Balance sheet total
€1.1m
2024 · €1.4m-€240,346
Largest movements
Assets
- Stocks and contracts -€231,456
down €231,456 (-88.6%), from €261,214 to €29,758
- Tangible fixed assets -€25,002
down €25,002 (-4.0%), from €619,363 to €594,361
of which Land and buildings: -€23,881
Equity and liabilities
- Short-term financial debts -€119,846
down €119,846 (-100%), from €119,846 to €0
- Reserves -€70,046
down €70,046 (-14.7%), from €475,374 to €405,328
of which Distributable reserves: -€61,200
- Profit (loss) carried forward -€26,821
down €26,821 (-62.4%), from -€42,978 to -€69,799
- Current portion of long-term debt -€16,016
down €16,016 (-21.0%), from €76,436 to €60,420
Income statement
- Gross operating margin +€41,942
up €41,942, from -€3,828 to €38,114
- Taxes +€8,934
up €8,934 (+1,676%), from €533 to €9,467
- Other operating charges +€3,640
up €3,640 (+71.6%), from €5,085 to €8,725
- Depreciation -€1,004
down €1,004 (-3.1%), from €32,220 to €31,216
- Financial charges -€738
down €738 (-2.6%), from €28,775 to €28,038
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
-€66,845
Gross operating margin
+€41,942
Depreciation
+€1,004
Other operating charges
-€3,640
Financial income
+€162
Financial charges
+€738
Taxes
-€8,934
Deferred taxes and other
-€93
Result 2025
-€35,666
raises the resultlowers the resultnot broken down further in the accounts
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
+€217,330
Investment
-€6,214
Financing
-€207,347
Cash 2024
€44,431
From operations (derived)
+€217,330
Net result for the year
-€35,666
Depreciation
+€31,216
Stocks and contracts
+€231,456
Receivables within one year
-€12,310
Deferred charges and accrued income
-€32
Provisions
-€2,948
Trade debts
-€1,993
Tax, wage and social debts
+€5,079
Other debts
-€2,185
Accrued charges and deferred income
+€4,713
Investment (derived)
-€6,214
Investment in fixed assets (net)
-€6,214
Financing
-€207,347
Debts after one year
-€10,285
Current portion of long-term debt
-€16,016
Short-term financial debts
-€119,846
Contributions, distributions and other
-€61,200
Cash 2025
€48,200
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,381,653 | €1,141,306 | -€240,346 | -17.4% |
| Fixed assets | 21/28 | €975,719 | €950,718 | -€25,002 | -2.6% |
| Tangible fixed assets | 22/27 | €619,363 | €594,361 | -€25,002 | -4.0% |
| Land and buildings | 22 | €579,813 | €555,932 | -€23,881 | -4.1% |
| Plant, machinery and equipment | 23 | €579 | €90 | -€489 | -84.4% |
| Furniture and vehicles | 24 | €38,971 | €38,339 | -€632 | -1.6% |
| Financial fixed assets | 28 | €356,356 | €356,356 | = | 0.0% |
| Current assets | 29/58 | €405,933 | €190,589 | -€215,345 | -53.0% |
| Stocks and contracts in progress | 3 | €261,214 | €29,758 | -€231,456 | -88.6% |
| Stocks | 30/36 | €261,214 | €29,758 | -€231,456 | -88.6% |
| Amounts receivable within one year | 40/41 | €99,170 | €111,480 | +€12,310 | +12.4% |
| Trade receivables | 40 | €11,632 | €69,457 | +€57,825 | +497% |
| Other amounts receivable | 41 | €87,538 | €42,023 | -€45,515 | -52.0% |
| Cash at bank and in hand | 54/58 | €44,431 | €48,200 | +€3,769 | +8.5% |
| Deferred charges and accrued income | 490/1 | €1,118 | €1,150 | +€32 | +2.9% |
| Total equity and liabilities | 10/49 | €1,381,653 | €1,141,306 | -€240,346 | -17.4% |
| Equity | 10/15 | €451,553 | €354,687 | -€96,866 | -21.5% |
| Contributions | 10/11 | €19,157 | €19,157 | = | 0.0% |
| Reserves | 13 | €475,374 | €405,328 | -€70,046 | -14.7% |
| Tax-exempt reserves | 132 | €161,029 | €152,184 | -€8,845 | -5.5% |
| Distributable reserves | 133 | €314,345 | €253,144 | -€61,200 | -19.5% |
| Profit (loss) carried forward | 14 | -€42,978 | -€69,799 | -€26,821 | -62.4% |
| Provisions and deferred taxes | 16 | €55,913 | €52,965 | -€2,948 | -5.3% |
| Deferred taxes | 168 | €55,913 | €52,965 | -€2,948 | -5.3% |
| Amounts payable | 17/49 | €874,186 | €733,654 | -€140,532 | -16.1% |
| Amounts payable after more than one year | 17 | €637,458 | €627,173 | -€10,285 | -1.6% |
| Financial debts | 170/4 | €344,483 | €287,213 | -€57,270 | -16.6% |
| Other amounts payable | 178/9 | €292,975 | €339,960 | +€46,985 | +16.0% |
| Amounts payable within one year | 42/48 | €236,728 | €101,769 | -€134,960 | -57.0% |
| Current portion of amounts payable after more than one year | 42 | €76,436 | €60,420 | -€16,016 | -21.0% |
| Financial debts | 43 | €119,846 | €0 | -€119,846 | -100% |
| Credit institutions | 430/8 | €119,846 | €0 | -€119,846 | -100% |
| Trade debts | 44 | €33,513 | €31,520 | -€1,993 | -5.9% |
| Suppliers | 440/4 | €33,513 | €31,520 | -€1,993 | -5.9% |
| Taxes, remuneration and social security | 45 | €4,446 | €9,525 | +€5,079 | +114% |
| Taxes | 450/3 | €4,446 | €9,525 | +€5,079 | +114% |
| Other amounts payable | 47/48 | €2,487 | €303 | -€2,185 | -87.8% |
| Accrued charges and deferred income | 492/3 | - | €4,713 | +€4,713 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,220 | €31,216 | -€1,004 | -3.1% |
| Other operating charges | 640/8 | €5,085 | €8,725 | +€3,640 | +71.6% |
| Gross operating margin | 9900 | -€3,828 | €38,114 | +€41,942 | |
| Operating profit (loss) | 9901 | -€41,133 | -€1,827 | +€39,306 | +95.6% |
| Financial income | 75/76B | €555 | €717 | +€162 | +29.2% |
| Recurring financial income | 75 | €555 | €717 | +€162 | +29.2% |
| Financial charges | 65/66B | €28,775 | €28,038 | -€738 | -2.6% |
| Recurring financial charges | 65 | €28,775 | €28,038 | -€738 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€69,353 | -€29,147 | +€40,206 | +58.0% |
| Transfer from deferred taxes | 780 | €3,041 | €2,948 | -€93 | -3.0% |
| Income taxes | 67/77 | €533 | €9,467 | +€8,934 | +1,676% |
| Profit (loss) for the period | 9904 | -€66,845 | -€35,666 | +€31,179 | +46.6% |
| Transfer from tax-exempt reserves | 789 | €9,123 | €8,845 | -€278 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,722 | -€26,821 | +€30,901 | +53.5% |
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 22 October 2026 via checked.be.