DK MONTAGE: 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 MONTAGE
Largest movements
- Receivables within one year +€45,633
up €45,633 (+20.6%), from €221,806 to €267,439
of which Other amounts receivable: +€32,633
- Cash -€35,398
down €35,398 (-88.4%), from €40,042 to €4,643
mainly Trade debts (-€56,993) and Receivables within one year (-€45,633)
- Tangible fixed assets +€9,913
up €9,913 (+20.8%), from €47,666 to €57,579
of which Land and buildings: +€7,094
- Reserves +€86,000
up €86,000 (+55.1%), from €156,000 to €242,000
- Trade debts -€56,993
down €56,993 (-49.9%), from €114,171 to €57,178
- Current portion of long-term debt -€6,263
down €6,263 (-69.8%), from €8,971 to €2,708
- Gross operating margin +€41,551
up €41,551 (+36.8%), from €112,871 to €154,421
- Taxes +€13,264
up €13,264 (+57.9%), from €22,889 to €36,153
- Depreciation -€5,669
down €5,669 (-27.8%), from €20,369 to €14,700
- Staff costs -€1,982
down €1,982 (-11.9%), from €16,667 to €14,685
- Other operating charges -€1,678
down €1,678 (-47.2%), from €3,556 to €1,878
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 | €310,750 | €330,898 | +€20,148 | +6.5% |
| Fixed assets | 21/28 | €47,666 | €57,579 | +€9,913 | +20.8% |
| Tangible fixed assets | 22/27 | €47,666 | €57,579 | +€9,913 | +20.8% |
| Land and buildings | 22 | €3,387 | €10,480 | +€7,094 | +209% |
| Plant, machinery and equipment | 23 | €7,485 | €7,488 | +€3 | 0.0% |
| Furniture and vehicles | 24 | €36,795 | €39,611 | +€2,816 | +7.7% |
| Current assets | 29/58 | €263,084 | €273,318 | +€10,235 | +3.9% |
| Amounts receivable within one year | 40/41 | €221,806 | €267,439 | +€45,633 | +20.6% |
| Trade receivables | 40 | €78,049 | €91,048 | +€12,999 | +16.7% |
| Other amounts receivable | 41 | €143,757 | €176,390 | +€32,633 | +22.7% |
| Cash at bank and in hand | 54/58 | €40,042 | €4,643 | -€35,398 | -88.4% |
| Deferred charges and accrued income | 490/1 | €1,236 | €1,236 | = | 0.0% |
| Total equity and liabilities | 10/49 | €310,750 | €330,898 | +€20,148 | +6.5% |
| Equity | 10/15 | €162,260 | €248,453 | +€86,192 | +53.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €156,000 | €242,000 | +€86,000 | +55.1% |
| Distributable reserves | 133 | €156,000 | €242,000 | +€86,000 | +55.1% |
| Profit (loss) carried forward | 14 | €1,260 | €1,453 | +€192 | +15.3% |
| Amounts payable | 17/49 | €148,490 | €82,445 | -€66,045 | -44.5% |
| Amounts payable after more than one year | 17 | €2,259 | - | -€2,259 | |
| Financial debts | 170/4 | €2,259 | - | -€2,259 | |
| Amounts payable within one year | 42/48 | €146,231 | €82,277 | -€63,954 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €8,971 | €2,708 | -€6,263 | -69.8% |
| Trade debts | 44 | €114,171 | €57,178 | -€56,993 | -49.9% |
| Suppliers | 440/4 | €114,171 | €57,178 | -€56,993 | -49.9% |
| Advances received on contracts in progress | 46 | €132 | €132 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,957 | €22,260 | -€697 | -3.0% |
| Taxes | 450/3 | €19,362 | €19,839 | +€477 | +2.5% |
| Remuneration and social security | 454/9 | €3,595 | €2,421 | -€1,174 | -32.7% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Non-recurring operating income | 76A | - | €11,115 | +€11,115 | |
| Remuneration, social security and pensions | 62 | €16,667 | €14,685 | -€1,982 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,369 | €14,700 | -€5,669 | -27.8% |
| Other operating charges | 640/8 | €3,556 | €1,878 | -€1,678 | -47.2% |
| Gross operating margin | 9900 | €112,871 | €154,421 | +€41,551 | +36.8% |
| Operating profit (loss) | 9901 | €72,278 | €123,158 | +€50,880 | +70.4% |
| Financial income | 75/76B | €1 | €71 | +€70 | +12,295% |
| Recurring financial income | 75 | €1 | €71 | +€70 | +12,295% |
| Financial charges | 65/66B | €815 | €883 | +€68 | +8.4% |
| Recurring financial charges | 65 | €815 | €883 | +€68 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €71,464 | €122,346 | +€50,882 | +71.2% |
| Income taxes | 67/77 | €22,889 | €36,153 | +€13,264 | +57.9% |
| Profit (loss) for the period | 9904 | €48,574 | €86,192 | +€37,618 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,574 | €86,192 | +€37,618 | +77.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.