DK ONLINE: what changed
Two fiscal 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 ONLINE
Largest movements
- Stocks and contracts -€215,000
no longer reported in 2025 (was €215,000)
- Cash -€84,586
down €84,586 (-98.1%), from €86,242 to €1,656
mainly Trade debts (-€202,846) and Other debts (-€124,306)
- Receivables after one year -€35,763
down €35,763 (-36.4%), from €98,310 to €62,547
- Tangible fixed assets -€31,499
no longer reported in 2025 (was €31,499)
of which Other tangible fixed assets: -€20,990
- Receivables within one year -€25,200
down €25,200 (-33.3%), from €75,576 to €50,376
of which Other amounts receivable: -€75,200
- Trade debts -€202,846
down €202,846 (-100.0%), from €202,888 to €42
- Other debts -€124,306
no longer reported in 2025 (was €124,306)
- Reserves -€55,641
down €55,641 (-4.1%), from €1.4m to €1.3m
of which Distributable reserves: -€55,641
- Gross operating margin -€794,101
down €794,101, from €793,719 to -€381
- Taxes -€217,664
down €217,664 (-100.0%), from €217,664 to €0
- Financial charges -€53,300
down €53,300 (-90.4%), from €58,944 to €5,644
- Financial income -€34,075
down €34,075 (-82.7%), from €41,194 to €7,119
- Staff costs -€31,716
down €31,716 (-42.2%), from €75,081 to €43,365
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 | €1,754,101 | €1,362,053 | -€392,048 | -22.4% |
| Fixed assets | 21/28 | €419,480 | €387,981 | -€31,499 | -7.5% |
| Tangible fixed assets | 22/27 | €31,499 | - | -€31,499 | |
| Plant, machinery and equipment | 23 | €579 | - | -€579 | |
| Furniture and vehicles | 24 | €9,929 | - | -€9,929 | |
| Other tangible fixed assets | 26 | €20,990 | - | -€20,990 | |
| Financial fixed assets | 28 | €387,981 | €387,981 | = | 0.0% |
| Current assets | 29/58 | €1,334,621 | €974,072 | -€360,549 | -27.0% |
| Amounts receivable after more than one year | 29 | €98,310 | €62,547 | -€35,763 | -36.4% |
| Trade receivables | 290 | €98,310 | €62,547 | -€35,763 | -36.4% |
| Stocks and contracts in progress | 3 | €215,000 | - | -€215,000 | |
| Stocks | 30/36 | €215,000 | - | -€215,000 | |
| Amounts receivable within one year | 40/41 | €75,576 | €50,376 | -€25,200 | -33.3% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €75,576 | €376 | -€75,200 | -99.5% |
| Current investments | 50/53 | €859,493 | €859,493 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €86,242 | €1,656 | -€84,586 | -98.1% |
| Total equity and liabilities | 10/49 | €1,754,101 | €1,362,053 | -€392,048 | -22.4% |
| Equity | 10/15 | €1,371,914 | €1,316,273 | -€55,641 | -4.1% |
| Contributions | 10/11 | €5,192 | €5,192 | = | 0.0% |
| Reserves | 13 | €1,366,722 | €1,311,081 | -€55,641 | -4.1% |
| Non-distributable reserves | 130/1 | €859,493 | €859,493 | = | 0.0% |
| Own shares acquired | 1312 | €859,493 | €859,493 | = | 0.0% |
| Distributable reserves | 133 | €507,230 | €451,588 | -€55,641 | -11.0% |
| Amounts payable | 17/49 | €382,186 | €45,780 | -€336,406 | -88.0% |
| Amounts payable within one year | 42/48 | €382,186 | €45,780 | -€336,406 | -88.0% |
| Trade debts | 44 | €202,888 | €42 | -€202,846 | -100.0% |
| Suppliers | 440/4 | €202,888 | €42 | -€202,846 | -100.0% |
| Taxes, remuneration and social security | 45 | €54,992 | €45,738 | -€9,254 | -16.8% |
| Taxes | 450/3 | €47,171 | €45,738 | -€1,433 | -3.0% |
| Remuneration and social security | 454/9 | €7,821 | - | -€7,821 | |
| Other amounts payable | 47/48 | €124,306 | - | -€124,306 | |
| Remuneration, social security and pensions | 62 | €75,081 | €43,365 | -€31,716 | -42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,218 | - | -€24,218 | |
| Other operating charges | 640/8 | €5,461 | €13,369 | +€7,908 | +144.8% |
| Non-recurring operating charges | 66A | €874 | - | -€874 | |
| Gross operating margin | 9900 | €793,719 | -€381 | -€794,101 | |
| Operating profit (loss) | 9901 | €688,086 | -€57,116 | -€745,202 | |
| Financial income | 75/76B | €41,194 | €7,119 | -€34,075 | -82.7% |
| Recurring financial income | 75 | €41,194 | €7,119 | -€34,075 | -82.7% |
| Financial charges | 65/66B | €58,944 | €5,644 | -€53,300 | -90.4% |
| Recurring financial charges | 65 | €58,944 | €5,644 | -€53,300 | -90.4% |
| Profit (loss) for the period before taxes | 9903 | €670,335 | -€55,641 | -€725,977 | |
| Income taxes | 67/77 | €217,664 | €0 | -€217,664 | -100.0% |
| Profit (loss) for the period | 9904 | €452,672 | -€55,641 | -€508,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €452,672 | -€55,641 | -€508,313 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.