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 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€462,877
2024 · €397,680+€65,197
Equity
€1.8m
2024 · €1.3m+€462,877
Cash
€2,737
2024 · €1,027+€1,710
Balance sheet total
€11.8m
2024 · €10.1m+€1.7m
Largest movements
Assets
- Financial fixed assets +€1.8m
new in 2025: €1.8m
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+14.6%), from €7.9m to €9.0m
of which Financial debts: +€825,707
- Reserves +€462,877
up €462,877 (+36.1%), from €1.3m to €1.7m
- Current portion of long-term debt +€172,721
up €172,721 (+23.4%), from €737,693 to €910,414
Income statement
- Gross operating margin +€59,578
up €59,578 (+6.1%), from €979,237 to €1.0m
- Financial income +€35,000
new in 2025: €35,000
- Financial charges +€14,552
up €14,552 (+10.7%), from €136,210 to €150,763
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
€397,680
Gross operating margin
+€59,578
Depreciation
-€4,885
Other operating charges
-€161
Financial income
+€35,000
Financial charges
-€14,552
Taxes
-€9,783
Result 2025
€462,877
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
+€745,061
Investment
-€2.1m
Financing
+€1.3m
Cash 2024
€1,027
From operations (derived)
+€745,061
Net result for the year
+€462,877
Depreciation
+€280,262
Stocks and contracts
+€85,040
Receivables within one year
-€12,035
Smaller working-capital items
+€1,721
Trade debts
-€72,803
Investment (derived)
-€2.1m
Investment in fixed assets (net)
-€2.1m
Financing
+€1.3m
Debts after one year
+€1.2m
Current portion of long-term debt
+€172,721
Short-term financial debts
+€4,963
Cash 2025
€2,737
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,079,146 | €11,800,578 | +€1.7m | +17.1% |
| Fixed assets | 21/28 | €9,963,383 | €11,754,682 | +€1.8m | +18.0% |
| Tangible fixed assets | 22/27 | €9,963,383 | €9,954,682 | -€8,701 | -0.1% |
| Land and buildings | 22 | €9,907,530 | €9,915,617 | +€8,087 | +0.1% |
| Furniture and vehicles | 24 | €3,255 | €1,055 | -€2,200 | -67.6% |
| Leasing and similar rights | 25 | €52,598 | €38,010 | -€14,588 | -27.7% |
| Financial fixed assets | 28 | - | €1,800,000 | +€1.8m | |
| Current assets | 29/58 | €115,763 | €45,896 | -€69,867 | -60.4% |
| Stocks and contracts in progress | 3 | €85,040 | - | -€85,040 | |
| Stocks | 30/36 | €85,040 | - | -€85,040 | |
| Amounts receivable within one year | 40/41 | €8,641 | €20,676 | +€12,035 | +139% |
| Trade receivables | 40 | €8,641 | €20,676 | +€12,035 | +139% |
| Cash at bank and in hand | 54/58 | €1,027 | €2,737 | +€1,710 | +166% |
| Deferred charges and accrued income | 490/1 | €21,055 | €22,483 | +€1,429 | +6.8% |
| Total equity and liabilities | 10/49 | €10,079,146 | €11,800,578 | +€1.7m | +17.1% |
| Equity | 10/15 | €1,295,736 | €1,758,614 | +€462,877 | +35.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,283,336 | €1,746,214 | +€462,877 | +36.1% |
| Distributable reserves | 133 | €1,283,336 | €1,746,214 | +€462,877 | +36.1% |
| Amounts payable | 17/49 | €8,783,409 | €10,041,965 | +€1.3m | +14.3% |
| Amounts payable after more than one year | 17 | €7,880,952 | €9,031,477 | +€1.2m | +14.6% |
| Financial debts | 170/4 | €6,959,439 | €7,785,146 | +€825,707 | +11.9% |
| Other amounts payable | 178/9 | €921,513 | €1,246,331 | +€324,818 | +35.2% |
| Amounts payable within one year | 42/48 | €884,807 | €991,367 | +€106,560 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €737,693 | €910,414 | +€172,721 | +23.4% |
| Financial debts | 43 | €33,823 | €38,786 | +€4,963 | +14.7% |
| Credit institutions | 430/8 | €33,823 | €38,786 | +€4,963 | +14.7% |
| Trade debts | 44 | €78,220 | €5,417 | -€72,803 | -93.1% |
| Suppliers | 440/4 | €78,220 | €5,417 | -€72,803 | -93.1% |
| Taxes, remuneration and social security | 45 | €35,065 | €32,504 | -€2,561 | -7.3% |
| Taxes | 450/3 | €35,065 | €32,504 | -€2,561 | -7.3% |
| Other amounts payable | 47/48 | €7 | €4,247 | +€4,241 | +64,646% |
| Accrued charges and deferred income | 492/3 | €17,650 | €19,120 | +€1,470 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275,376 | €280,262 | +€4,885 | +1.8% |
| Other operating charges | 640/8 | €36,272 | €36,433 | +€161 | +0.4% |
| Gross operating margin | 9900 | €979,237 | €1,038,815 | +€59,578 | +6.1% |
| Operating profit (loss) | 9901 | €667,589 | €722,121 | +€54,532 | +8.2% |
| Financial income | 75/76B | - | €35,000 | +€35,000 | |
| Recurring financial income | 75 | - | €35,000 | +€35,000 | |
| Financial charges | 65/66B | €136,210 | €150,763 | +€14,552 | +10.7% |
| Recurring financial charges | 65 | €136,210 | €150,763 | +€14,552 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €531,379 | €606,358 | +€74,979 | +14.1% |
| Income taxes | 67/77 | €133,699 | €143,481 | +€9,783 | +7.3% |
| Profit (loss) for the period | 9904 | €397,680 | €462,877 | +€65,197 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €397,680 | €462,877 | +€65,197 | +16.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.