DK18: 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.
DK18
Largest movements
- Intangible fixed assets +€8,473
up €8,473 (+48.3%), from €17,538 to €26,011
- Cash -€8,377
down €8,377 (-44.5%), from €18,843 to €10,466
mainly Trade debts (-€28,077) and Investment in fixed assets (net) (-€20,249)
- Tangible fixed assets -€6,060
down €6,060 (-17.2%), from €35,147 to €29,087
of which Leasing and similar rights: -€4,956
- Receivables within one year +€5,691
up €5,691 (+16.7%), from €34,177 to €39,868
of which Other amounts receivable: +€5,612
- Stocks and contracts -€3,620
down €3,620 (-20.4%), from €17,746 to €14,126
- Trade debts -€28,077
down €28,077 (-61.1%), from €45,981 to €17,904
- Profit (loss) carried forward +€12,958
up €12,958 (+93.9%), from €13,799 to €26,756
- Debts after one year +€6,691
up €6,691 (+20.7%), from €32,336 to €39,027
- Current portion of long-term debt +€2,744
up €2,744 (+21.0%), from €13,056 to €15,801
- Gross operating margin +€18,053
up €18,053 (+73.1%), from €24,704 to €42,757
- Depreciation +€5,526
up €5,526 (+44.9%), from €12,309 to €17,835
- Taxes +€2,565
up €2,565 (+152.8%), from €1,679 to €4,244
- Other operating charges -€1,695
down €1,695 (-38.6%), from €4,385 to €2,691
- Financial charges +€1,074
up €1,074 (+20.8%), from €5,164 to €6,238
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 | €125,097 | €120,421 | -€4,677 | -3.7% |
| Fixed assets | 21/28 | €52,725 | €55,139 | +€2,414 | +4.6% |
| Intangible fixed assets | 21 | €17,538 | €26,011 | +€8,473 | +48.3% |
| Tangible fixed assets | 22/27 | €35,147 | €29,087 | -€6,060 | -17.2% |
| Plant, machinery and equipment | 23 | €22,069 | €22,751 | +€682 | +3.1% |
| Furniture and vehicles | 24 | €8,123 | €6,336 | -€1,786 | -22.0% |
| Leasing and similar rights | 25 | €4,956 | - | -€4,956 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €72,372 | €65,282 | -€7,090 | -9.8% |
| Stocks and contracts in progress | 3 | €17,746 | €14,126 | -€3,620 | -20.4% |
| Stocks | 30/36 | €17,746 | €14,126 | -€3,620 | -20.4% |
| Amounts receivable within one year | 40/41 | €34,177 | €39,868 | +€5,691 | +16.7% |
| Trade receivables | 40 | €6,637 | €6,715 | +€78 | +1.2% |
| Other amounts receivable | 41 | €27,540 | €33,153 | +€5,612 | +20.4% |
| Cash at bank and in hand | 54/58 | €18,843 | €10,466 | -€8,377 | -44.5% |
| Deferred charges and accrued income | 490/1 | €1,606 | €822 | -€784 | -48.8% |
| Total equity and liabilities | 10/49 | €125,097 | €120,421 | -€4,677 | -3.7% |
| Equity | 10/15 | €18,799 | €31,756 | +€12,958 | +68.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,799 | €26,756 | +€12,958 | +93.9% |
| Amounts payable | 17/49 | €106,299 | €88,664 | -€17,634 | -16.6% |
| Amounts payable after more than one year | 17 | €32,336 | €39,027 | +€6,691 | +20.7% |
| Financial debts | 170/4 | €32,336 | €39,027 | +€6,691 | +20.7% |
| Amounts payable within one year | 42/48 | €70,754 | €46,429 | -€24,325 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €13,056 | €15,801 | +€2,744 | +21.0% |
| Trade debts | 44 | €45,981 | €17,904 | -€28,077 | -61.1% |
| Suppliers | 440/4 | €45,981 | €17,904 | -€28,077 | -61.1% |
| Taxes, remuneration and social security | 45 | €11,717 | €12,725 | +€1,008 | +8.6% |
| Taxes | 450/3 | €11,717 | €12,725 | +€1,008 | +8.6% |
| Accrued charges and deferred income | 492/3 | €3,208 | €3,208 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,309 | €17,835 | +€5,526 | +44.9% |
| Other operating charges | 640/8 | €4,385 | €2,691 | -€1,695 | -38.6% |
| Gross operating margin | 9900 | €24,704 | €42,757 | +€18,053 | +73.1% |
| Operating profit (loss) | 9901 | €8,010 | €22,231 | +€14,221 | +177.5% |
| Financial income | 75/76B | €674 | €1,209 | +€534 | +79.3% |
| Recurring financial income | 75 | €674 | €1,209 | +€534 | +79.3% |
| Financial charges | 65/66B | €5,164 | €6,238 | +€1,074 | +20.8% |
| Recurring financial charges | 65 | €5,164 | €6,238 | +€1,074 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €3,520 | €17,202 | +€13,681 | +388.7% |
| Income taxes | 67/77 | €1,679 | €4,244 | +€2,565 | +152.8% |
| Profit (loss) for the period | 9904 | €1,841 | €12,958 | +€11,117 | +603.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,841 | €12,958 | +€11,117 | +603.8% |
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 4 October 2026 via checked.be.