DK MAATWERK: 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.
DK MAATWERK
Largest movements
- Stocks and contracts -€28,818
no longer reported in 2025 (was €28,818)
of which Contracts in progress: -€23,778
- Cash +€14,822
up €14,822 (+88.8%), from €16,685 to €31,507
mainly Stocks and contracts (+€28,818) and Depreciation (+€18,937)
- Tangible fixed assets -€6,048
down €6,048 (-10.5%), from €57,388 to €51,340
of which Land and buildings: -€9,866
- Receivables within one year +€1,810
up €1,810 (+11.1%), from €16,308 to €18,117
of which Trade receivables: +€7,894
- Debts after one year -€18,484
down €18,484 (-41.9%), from €44,151 to €25,668
- Other debts -€2,166
down €2,166 (-18.5%), from €11,708 to €9,542
- Trade debts +€1,564
up €1,564 (+33.8%), from €4,626 to €6,190
- Current portion of long-term debt -€1,531
down €1,531 (-9.7%), from €15,847 to €14,317
- Accrued charges and deferred income +€1,354
new in 2025: €1,354
- Staff costs +€42,968
new in 2025: €42,968
- Gross operating margin +€41,849
up €41,849 (+172%), from €24,323 to €66,171
- Depreciation +€6,546
up €6,546 (+52.8%), from €12,390 to €18,937
- Taxes -€3,117
down €3,117 (-91.7%), from €3,399 to €282
- Financial charges +€1,300
up €1,300 (+90.9%), from €1,430 to €2,730
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,745 | €104,012 | -€18,733 | -15.3% |
| Fixed assets | 21/28 | €59,952 | €53,159 | -€6,793 | -11.3% |
| Intangible fixed assets | 21 | €2,564 | €1,819 | -€745 | -29.1% |
| Tangible fixed assets | 22/27 | €57,388 | €51,340 | -€6,048 | -10.5% |
| Land and buildings | 22 | €9,866 | - | -€9,866 | |
| Plant, machinery and equipment | 23 | €14,521 | €8,138 | -€6,383 | -44.0% |
| Furniture and vehicles | 24 | €33,001 | €25,307 | -€7,694 | -23.3% |
| Other tangible fixed assets | 26 | - | €17,895 | +€17,895 | |
| Current assets | 29/58 | €62,793 | €50,853 | -€11,940 | -19.0% |
| Stocks and contracts in progress | 3 | €28,818 | - | -€28,818 | |
| Stocks | 30/36 | €5,040 | - | -€5,040 | |
| Contracts in progress | 37 | €23,778 | - | -€23,778 | |
| Amounts receivable within one year | 40/41 | €16,308 | €18,117 | +€1,810 | +11.1% |
| Trade receivables | 40 | €5,516 | €13,410 | +€7,894 | +143% |
| Other amounts receivable | 41 | €10,792 | €4,707 | -€6,085 | -56.4% |
| Cash at bank and in hand | 54/58 | €16,685 | €31,507 | +€14,822 | +88.8% |
| Deferred charges and accrued income | 490/1 | €982 | €1,228 | +€246 | +25.1% |
| Total equity and liabilities | 10/49 | €122,745 | €104,012 | -€18,733 | -15.3% |
| Equity | 10/15 | €44,297 | €44,825 | +€528 | +1.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €41,797 | €41,797 | = | 0.0% |
| Distributable reserves | 133 | €41,797 | €41,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €528 | +€528 | |
| Amounts payable | 17/49 | €78,448 | €59,187 | -€19,261 | -24.6% |
| Amounts payable after more than one year | 17 | €44,151 | €25,668 | -€18,484 | -41.9% |
| Financial debts | 170/4 | €44,151 | €25,668 | -€18,484 | -41.9% |
| Amounts payable within one year | 42/48 | €34,297 | €32,166 | -€2,131 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €15,847 | €14,317 | -€1,531 | -9.7% |
| Trade debts | 44 | €4,626 | €6,190 | +€1,564 | +33.8% |
| Suppliers | 440/4 | €4,626 | €6,190 | +€1,564 | +33.8% |
| Taxes, remuneration and social security | 45 | €2,115 | €2,117 | +€2 | +0.1% |
| Taxes | 450/3 | €2,115 | €4 | -€2,111 | -99.8% |
| Remuneration and social security | 454/9 | - | €2,114 | +€2,114 | |
| Other amounts payable | 47/48 | €11,708 | €9,542 | -€2,166 | -18.5% |
| Accrued charges and deferred income | 492/3 | - | €1,354 | +€1,354 | |
| Non-recurring operating income | 76A | €1,882 | - | -€1,882 | |
| Remuneration, social security and pensions | 62 | - | €42,968 | +€42,968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,390 | €18,937 | +€6,546 | +52.8% |
| Other operating charges | 640/8 | €863 | €727 | -€136 | -15.7% |
| Gross operating margin | 9900 | €24,323 | €66,171 | +€41,849 | +172% |
| Operating profit (loss) | 9901 | €11,069 | €3,539 | -€7,530 | -68.0% |
| Financial income | 75/76B | €8 | €1 | -€8 | -94.0% |
| Recurring financial income | 75 | €8 | €1 | -€8 | -94.0% |
| Financial charges | 65/66B | €1,430 | €2,730 | +€1,300 | +90.9% |
| Recurring financial charges | 65 | €1,430 | €2,730 | +€1,300 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €9,648 | €810 | -€8,838 | -91.6% |
| Income taxes | 67/77 | €3,399 | €282 | -€3,117 | -91.7% |
| Profit (loss) for the period | 9904 | €6,249 | €528 | -€5,721 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,249 | €528 | -€5,721 | -91.6% |
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 31 October 2026 via checked.be.