DK Solar: what changed
DK Solar
Largest movements
- Receivables within one year +€64,759
up €64,759 (+148%), from €43,904 to €108,662
of which Trade receivables: +€64,343
- Cash +€23,652
up €23,652 (+106%), from €22,293 to €45,945
mainly Accrued charges and deferred income (+€62,348) and Net result for the year (+€24,616)
- Tangible fixed assets -€13,480
down €13,480 (-29.4%), from €45,822 to €32,343
of which Furniture and vehicles: -€11,308
- Accrued charges and deferred income +€62,348
new in 2025: €62,348
- Profit (loss) carried forward +€24,616
up €24,616 (+168%), from €14,631 to €39,247
- Tax, wage and social debts +€13,879
up €13,879 (+274%), from €5,060 to €18,939
- Debts after one year -€11,806
down €11,806 (-50.3%), from €23,452 to €11,646
- Current portion of long-term debt -€5,643
down €5,643 (-32.3%), from €17,449 to €11,806
- Taxes +€8,949
up €8,949 (+181%), from €4,950 to €13,899
- Gross operating margin +€6,716
up €6,716 (+13.9%), from €48,192 to €54,908
- Financial charges -€1,052
down €1,052 (-39.5%), from €2,667 to €1,615
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,196 | €189,178 | +€74,982 | +65.7% |
| Fixed assets | 21/28 | €46,722 | €33,243 | -€13,480 | -28.9% |
| Tangible fixed assets | 22/27 | €45,822 | €32,343 | -€13,480 | -29.4% |
| Plant, machinery and equipment | 23 | €7,547 | €5,375 | -€2,172 | -28.8% |
| Furniture and vehicles | 24 | €38,275 | €26,967 | -€11,308 | -29.5% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €67,473 | €155,935 | +€88,462 | +131% |
| Amounts receivable within one year | 40/41 | €43,904 | €108,662 | +€64,759 | +148% |
| Trade receivables | 40 | €43,138 | €107,480 | +€64,343 | +149% |
| Other amounts receivable | 41 | €766 | €1,182 | +€416 | +54.3% |
| Cash at bank and in hand | 54/58 | €22,293 | €45,945 | +€23,652 | +106% |
| Deferred charges and accrued income | 490/1 | €1,277 | €1,328 | +€51 | +4.0% |
| Total equity and liabilities | 10/49 | €114,196 | €189,178 | +€74,982 | +65.7% |
| Equity | 10/15 | €19,631 | €44,247 | +€24,616 | +125% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,631 | €39,247 | +€24,616 | +168% |
| Amounts payable | 17/49 | €94,565 | €144,931 | +€50,367 | +53.3% |
| Amounts payable after more than one year | 17 | €23,452 | €11,646 | -€11,806 | -50.3% |
| Financial debts | 170/4 | €23,452 | €11,646 | -€11,806 | -50.3% |
| Amounts payable within one year | 42/48 | €71,113 | €70,938 | -€176 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €17,449 | €11,806 | -€5,643 | -32.3% |
| Trade debts | 44 | €7,723 | €3,226 | -€4,497 | -58.2% |
| Suppliers | 440/4 | €7,723 | €3,226 | -€4,497 | -58.2% |
| Taxes, remuneration and social security | 45 | €5,060 | €18,939 | +€13,879 | +274% |
| Taxes | 450/3 | €5,060 | €18,939 | +€13,879 | +274% |
| Other amounts payable | 47/48 | €40,882 | €36,967 | -€3,915 | -9.6% |
| Accrued charges and deferred income | 492/3 | - | €62,348 | +€62,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,597 | €14,778 | +€181 | +1.2% |
| Gross operating margin | 9900 | €48,192 | €54,908 | +€6,716 | +13.9% |
| Operating profit (loss) | 9901 | €33,596 | €40,130 | +€6,534 | +19.4% |
| Financial charges | 65/66B | €2,667 | €1,615 | -€1,052 | -39.5% |
| Recurring financial charges | 65 | €2,667 | €1,615 | -€1,052 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €30,928 | €38,515 | +€7,587 | +24.5% |
| Income taxes | 67/77 | €4,950 | €13,899 | +€8,949 | +181% |
| Profit (loss) for the period | 9904 | €25,978 | €24,616 | -€1,363 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,978 | €24,616 | -€1,363 | -5.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.