DK MAT: 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 MAT
Largest movements
- Receivables within one year -€187,398
down €187,398 (-30.2%), from €621,448 to €434,050
of which Trade receivables: -€179,319
- Stocks and contracts -€117,072
down €117,072 (-6.9%), from €1.7m to €1.6m
- Tangible fixed assets -€49,606
down €49,606 (-32.9%), from €151,008 to €101,402
of which Furniture and vehicles: -€31,208
- Trade debts -€190,095
down €190,095 (-23.6%), from €805,297 to €615,202
- Profit (loss) carried forward -€117,692
down €117,692 (-11.8%), from €993,620 to €875,927
- Debts after one year -€74,203
down €74,203 (-11.9%), from €622,850 to €548,646
- Other operating charges +€59,171
up €59,171 (+652.4%), from €9,070 to €68,240
- Gross operating margin -€30,871
down €30,871 (-8.0%), from €386,399 to €355,528
- Write-downs -€20,463
down €20,463 (-100.0%), from €20,463 to €0
- Staff costs +€18,023
up €18,023 (+5.9%), from €304,392 to €322,416
- Financial charges -€6,534
down €6,534 (-17.3%), from €37,749 to €31,215
of which Financial charges: -€7,534
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 | €2,803,196 | €2,405,501 | -€397,695 | -14.2% |
| Fixed assets | 21/28 | €161,196 | €111,590 | -€49,606 | -30.8% |
| Tangible fixed assets | 22/27 | €151,008 | €101,402 | -€49,606 | -32.9% |
| Land and buildings | 22 | €7,260 | €6,008 | -€1,252 | -17.3% |
| Plant, machinery and equipment | 23 | €4,783 | €2,478 | -€2,305 | -48.2% |
| Furniture and vehicles | 24 | €91,267 | €60,060 | -€31,208 | -34.2% |
| Other tangible fixed assets | 26 | €47,698 | €32,857 | -€14,841 | -31.1% |
| Financial fixed assets | 28 | €10,188 | €10,188 | = | 0.0% |
| Current assets | 29/58 | €2,642,000 | €2,293,911 | -€348,088 | -13.2% |
| Stocks and contracts in progress | 3 | €1,691,389 | €1,574,317 | -€117,072 | -6.9% |
| Stocks | 30/36 | €1,691,389 | €1,574,317 | -€117,072 | -6.9% |
| Amounts receivable within one year | 40/41 | €621,448 | €434,050 | -€187,398 | -30.2% |
| Trade receivables | 40 | €591,358 | €412,040 | -€179,319 | -30.3% |
| Other amounts receivable | 41 | €30,090 | €22,010 | -€8,080 | -26.9% |
| Cash at bank and in hand | 54/58 | €187,939 | €165,718 | -€22,221 | -11.8% |
| Deferred charges and accrued income | 490/1 | €141,223 | €119,826 | -€21,397 | -15.2% |
| Total equity and liabilities | 10/49 | €2,803,196 | €2,405,501 | -€397,695 | -14.2% |
| Equity | 10/15 | €1,243,620 | €1,125,927 | -€117,692 | -9.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €231,000 | €231,000 | = | 0.0% |
| Distributable reserves | 133 | €231,000 | €231,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €993,620 | €875,927 | -€117,692 | -11.8% |
| Amounts payable | 17/49 | €1,559,576 | €1,279,574 | -€280,003 | -18.0% |
| Amounts payable after more than one year | 17 | €622,850 | €548,646 | -€74,203 | -11.9% |
| Financial debts | 170/4 | €622,850 | €548,646 | -€74,203 | -11.9% |
| Amounts payable within one year | 42/48 | €916,263 | €730,927 | -€185,336 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €51,104 | €49,203 | -€1,901 | -3.7% |
| Trade debts | 44 | €805,297 | €615,202 | -€190,095 | -23.6% |
| Suppliers | 440/4 | €805,297 | €615,202 | -€190,095 | -23.6% |
| Taxes, remuneration and social security | 45 | €56,423 | €48,352 | -€8,070 | -14.3% |
| Taxes | 450/3 | €20,452 | €14,682 | -€5,770 | -28.2% |
| Remuneration and social security | 454/9 | €35,971 | €33,670 | -€2,300 | -6.4% |
| Other amounts payable | 47/48 | €3,439 | €18,170 | +€14,731 | +428.3% |
| Accrued charges and deferred income | 492/3 | €20,464 | €0 | -€20,464 | -100.0% |
| Remuneration, social security and pensions | 62 | €304,392 | €322,416 | +€18,023 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,673 | €50,980 | -€693 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,463 | €0 | -€20,463 | -100.0% |
| Other operating charges | 640/8 | €9,070 | €68,240 | +€59,171 | +652.4% |
| Gross operating margin | 9900 | €386,399 | €355,528 | -€30,871 | -8.0% |
| Operating profit (loss) | 9901 | €801 | -€86,108 | -€86,909 | |
| Financial income | 75/76B | €428 | €57 | -€372 | -86.8% |
| Recurring financial income | 75 | €428 | €57 | -€372 | -86.8% |
| Financial charges | 65/66B | €37,749 | €31,215 | -€6,534 | -17.3% |
| Recurring financial charges | 65 | €37,749 | €30,215 | -€7,534 | -20.0% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | -€36,519 | -€117,266 | -€80,747 | -221.1% |
| Income taxes | 67/77 | €408 | €426 | +€18 | +4.4% |
| Profit (loss) for the period | 9904 | -€36,928 | -€117,692 | -€80,765 | -218.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,928 | -€117,692 | -€80,765 | -218.7% |
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.