DK MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€41,245
down €41,245 (-37.0%), from €111,440 to €70,195
of which Trade receivables: -€40,471
- Tangible fixed assets +€4,025
up €4,025 (+7.1%), from €57,064 to €61,089
of which Other tangible fixed assets: +€8,184
- Cash -€3,255
down €3,255 (-60.9%), from €5,344 to €2,089
mainly Other debts (-€34,048) and Investment in fixed assets (net) (-€27,699)
- Other debts -€34,048
down €34,048 (-27.5%), from €123,866 to €89,818
- Tax, wage and social debts -€9,376
down €9,376 (-69.5%), from €13,499 to €4,123
- Trade debts -€5,592
down €5,592 (-24.4%), from €22,930 to €17,338
- Reserves +€3,994
up €3,994 (+41.0%), from €9,744 to €13,738
- Short-term financial debts +€3,000
up €3,000, from €0 to €3,000
- Gross operating margin -€7,973
down €7,973 (-20.5%), from €38,867 to €30,894
- Financial charges -€2,538
down €2,538 (-58.3%), from €4,353 to €1,815
- Depreciation -€2,410
down €2,410 (-9.2%), from €26,085 to €23,674
- Other operating charges -€1,621
down €1,621 (-60.9%), from €2,664 to €1,043
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 | €189,375 | €147,408 | -€41,967 | -22.2% |
| Fixed assets | 21/28 | €60,064 | €64,089 | +€4,025 | +6.7% |
| Tangible fixed assets | 22/27 | €57,064 | €61,089 | +€4,025 | +7.1% |
| Plant, machinery and equipment | 23 | €26,293 | €24,499 | -€1,794 | -6.8% |
| Furniture and vehicles | 24 | €6,144 | €3,780 | -€2,364 | -38.5% |
| Other tangible fixed assets | 26 | €24,626 | €32,810 | +€8,184 | +33.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €129,311 | €83,319 | -€45,992 | -35.6% |
| Stocks and contracts in progress | 3 | €9,241 | €8,280 | -€961 | -10.4% |
| Stocks | 30/36 | €9,241 | €8,280 | -€961 | -10.4% |
| Amounts receivable within one year | 40/41 | €111,440 | €70,195 | -€41,245 | -37.0% |
| Trade receivables | 40 | €110,666 | €70,195 | -€40,471 | -36.6% |
| Other amounts receivable | 41 | €774 | €0 | -€774 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,344 | €2,089 | -€3,255 | -60.9% |
| Deferred charges and accrued income | 490/1 | €3,286 | €2,755 | -€531 | -16.2% |
| Total equity and liabilities | 10/49 | €189,375 | €147,408 | -€41,967 | -22.2% |
| Equity | 10/15 | €28,744 | €32,738 | +€3,994 | +13.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €9,744 | €13,738 | +€3,994 | +41.0% |
| Distributable reserves | 133 | €9,744 | €13,738 | +€3,994 | +41.0% |
| Amounts payable | 17/49 | €160,631 | €114,670 | -€45,961 | -28.6% |
| Amounts payable within one year | 42/48 | €160,295 | €114,279 | -€46,016 | -28.7% |
| Financial debts | 43 | €0 | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | €0 | €3,000 | +€3,000 | |
| Trade debts | 44 | €22,930 | €17,338 | -€5,592 | -24.4% |
| Suppliers | 440/4 | €22,930 | €17,338 | -€5,592 | -24.4% |
| Taxes, remuneration and social security | 45 | €13,499 | €4,123 | -€9,376 | -69.5% |
| Taxes | 450/3 | €13,499 | €4,123 | -€9,376 | -69.5% |
| Other amounts payable | 47/48 | €123,866 | €89,818 | -€34,048 | -27.5% |
| Accrued charges and deferred income | 492/3 | €335 | €391 | +€55 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,085 | €23,674 | -€2,410 | -9.2% |
| Other operating charges | 640/8 | €2,664 | €1,043 | -€1,621 | -60.9% |
| Gross operating margin | 9900 | €38,867 | €30,894 | -€7,973 | -20.5% |
| Operating profit (loss) | 9901 | €10,118 | €6,177 | -€3,941 | -38.9% |
| Financial income | 75/76B | €21 | €31 | +€10 | +48.2% |
| Recurring financial income | 75 | €21 | €31 | +€10 | +48.2% |
| Financial charges | 65/66B | €4,353 | €1,815 | -€2,538 | -58.3% |
| Recurring financial charges | 65 | €4,353 | €1,815 | -€2,538 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €5,786 | €4,393 | -€1,393 | -24.1% |
| Income taxes | 67/77 | €526 | €399 | -€127 | -24.1% |
| Profit (loss) for the period | 9904 | €5,260 | €3,994 | -€1,266 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,260 | €3,994 | -€1,266 | -24.1% |
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 11 October 2026 via checked.be.