DK Stables & Fences: 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 Stables & Fences
Largest movements
- Stocks and contracts -€7,759
down €7,759 (-20.3%), from €38,310 to €30,551
of which Stocks: -€5,689
- Tangible fixed assets -€5,285
down €5,285 (-10.9%), from €48,475 to €43,190
of which Leasing and similar rights: -€5,618
- Receivables within one year +€3,675
up €3,675 (+21.7%), from €16,910 to €20,585
of which Trade receivables: +€3,689
- Debts after one year -€7,767
down €7,767 (-73.0%), from €10,643 to €2,877
- Reserves +€6,311
up €6,311 (+23.0%), from €27,438 to €33,749
- Trade debts -€4,343
down €4,343 (-14.1%), from €30,772 to €26,430
- Other debts -€1,656
down €1,656 (-46.4%), from €3,570 to €1,914
- Current portion of long-term debt -€1,279
down €1,279 (-9.1%), from €14,046 to €12,767
- Depreciation +€3,272
up €3,272 (+19.4%), from €16,887 to €20,158
- Gross operating margin +€1,776
up €1,776 (+5.4%), from €32,769 to €34,545
- Financial charges +€1,197
up €1,197 (+27.9%), from €4,292 to €5,489
- Taxes -€890
down €890 (-36.3%), from €2,455 to €1,565
- Financial income -€362
down €362 (-100%), from €362 to €0
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,193 | €97,659 | -€9,535 | -8.9% |
| Fixed assets | 21/28 | €51,973 | €46,188 | -€5,785 | -11.1% |
| Intangible fixed assets | 21 | €3,499 | €2,999 | -€500 | -14.3% |
| Tangible fixed assets | 22/27 | €48,475 | €43,190 | -€5,285 | -10.9% |
| Plant, machinery and equipment | 23 | €33,652 | €33,985 | +€333 | +1.0% |
| Leasing and similar rights | 25 | €14,823 | €9,205 | -€5,618 | -37.9% |
| Current assets | 29/58 | €55,220 | €51,471 | -€3,749 | -6.8% |
| Stocks and contracts in progress | 3 | €38,310 | €30,551 | -€7,759 | -20.3% |
| Stocks | 30/36 | €26,490 | €20,801 | -€5,689 | -21.5% |
| Contracts in progress | 37 | €11,820 | €9,750 | -€2,070 | -17.5% |
| Amounts receivable within one year | 40/41 | €16,910 | €20,585 | +€3,675 | +21.7% |
| Trade receivables | 40 | €9,812 | €13,501 | +€3,689 | +37.6% |
| Other amounts receivable | 41 | €7,098 | €7,084 | -€15 | -0.2% |
| Deferred charges and accrued income | 490/1 | - | €335 | +€335 | |
| Total equity and liabilities | 10/49 | €107,193 | €97,659 | -€9,535 | -8.9% |
| Equity | 10/15 | €32,438 | €38,749 | +€6,311 | +19.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,438 | €33,749 | +€6,311 | +23.0% |
| Distributable reserves | 133 | €27,438 | €33,749 | +€6,311 | +23.0% |
| Amounts payable | 17/49 | €74,756 | €58,910 | -€15,846 | -21.2% |
| Amounts payable after more than one year | 17 | €10,643 | €2,877 | -€7,767 | -73.0% |
| Financial debts | 170/4 | €10,643 | €2,877 | -€7,767 | -73.0% |
| Amounts payable within one year | 42/48 | €63,737 | €55,658 | -€8,079 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €14,046 | €12,767 | -€1,279 | -9.1% |
| Financial debts | 43 | €15,349 | €14,547 | -€802 | -5.2% |
| Credit institutions | 430/8 | €15,349 | €14,547 | -€802 | -5.2% |
| Trade debts | 44 | €30,772 | €26,430 | -€4,343 | -14.1% |
| Suppliers | 440/4 | €30,772 | €26,430 | -€4,343 | -14.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,570 | €1,914 | -€1,656 | -46.4% |
| Accrued charges and deferred income | 492/3 | €375 | €375 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,887 | €20,158 | +€3,272 | +19.4% |
| Other operating charges | 640/8 | €728 | €1,021 | +€294 | +40.3% |
| Gross operating margin | 9900 | €32,769 | €34,545 | +€1,776 | +5.4% |
| Operating profit (loss) | 9901 | €15,155 | €13,365 | -€1,789 | -11.8% |
| Financial income | 75/76B | €362 | €0 | -€362 | -100% |
| Recurring financial income | 75 | €362 | €0 | -€362 | -100% |
| Financial charges | 65/66B | €4,292 | €5,489 | +€1,197 | +27.9% |
| Recurring financial charges | 65 | €4,292 | €5,489 | +€1,197 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €11,224 | €7,876 | -€3,348 | -29.8% |
| Income taxes | 67/77 | €2,455 | €1,565 | -€890 | -36.3% |
| Profit (loss) for the period | 9904 | €8,769 | €6,311 | -€2,458 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,769 | €6,311 | -€2,458 | -28.0% |
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 30 October 2026 via checked.be.