DKD: 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.
DKD
Largest movements
- Tangible fixed assets +€44,062
up €44,062 (+32.5%), from €135,724 to €179,786
of which Furniture and vehicles: +€52,707
- Receivables within one year -€20,502
down €20,502 (-36.1%), from €56,814 to €36,312
of which Trade receivables: -€20,502
- Cash +€3,235
up €3,235 (+170%), from €1,905 to €5,140
mainly Depreciation (+€38,938) and Debts after one year (+€37,086)
- Debts after one year +€37,086
up €37,086 (+61.0%), from €60,785 to €97,870
- Trade debts -€14,508
down €14,508 (-56.7%), from €25,608 to €11,100
- Current portion of long-term debt +€11,815
up €11,815 (+43.9%), from €26,883 to €38,698
- Tax, wage and social debts -€5,410
down €5,410 (-51.8%), from €10,435 to €5,025
- Short-term financial debts -€3,006
down €3,006 (-28.0%), from €10,754 to €7,747
- Depreciation +€11,687
up €11,687 (+42.9%), from €27,251 to €38,938
- Gross operating margin -€1,538
down €1,538 (-3.2%), from €48,683 to €47,145
- Taxes -€1,086
down €1,086 (-63.9%), from €1,699 to €613
- Financial charges +€831
up €831 (+17.7%), from €4,684 to €5,515
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 | €219,141 | €244,516 | +€25,376 | +11.6% |
| Fixed assets | 21/28 | €135,724 | €179,786 | +€44,062 | +32.5% |
| Tangible fixed assets | 22/27 | €135,724 | €179,786 | +€44,062 | +32.5% |
| Land and buildings | 22 | €416 | €208 | -€208 | -50.0% |
| Plant, machinery and equipment | 23 | €30,524 | €22,086 | -€8,437 | -27.6% |
| Furniture and vehicles | 24 | €104,785 | €157,492 | +€52,707 | +50.3% |
| Current assets | 29/58 | €83,416 | €64,730 | -€18,686 | -22.4% |
| Stocks and contracts in progress | 3 | €23,750 | €21,397 | -€2,353 | -9.9% |
| Stocks | 30/36 | €23,750 | €21,397 | -€2,353 | -9.9% |
| Amounts receivable within one year | 40/41 | €56,814 | €36,312 | -€20,502 | -36.1% |
| Trade receivables | 40 | €56,814 | €36,312 | -€20,502 | -36.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,905 | €5,140 | +€3,235 | +170% |
| Deferred charges and accrued income | 490/1 | €948 | €1,881 | +€933 | +98.5% |
| Total equity and liabilities | 10/49 | €219,141 | €244,516 | +€25,376 | +11.6% |
| Equity | 10/15 | €43,656 | €45,033 | +€1,377 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,456 | €38,833 | +€1,377 | +3.7% |
| Tax-exempt reserves | 132 | €1,750 | €1,750 | = | 0.0% |
| Distributable reserves | 133 | €35,706 | €37,083 | +€1,377 | +3.9% |
| Amounts payable | 17/49 | €175,485 | €199,484 | +€23,999 | +13.7% |
| Amounts payable after more than one year | 17 | €60,785 | €97,870 | +€37,086 | +61.0% |
| Financial debts | 170/4 | €60,785 | €97,870 | +€37,086 | +61.0% |
| Amounts payable within one year | 42/48 | €114,329 | €101,613 | -€12,716 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €26,883 | €38,698 | +€11,815 | +43.9% |
| Financial debts | 43 | €10,754 | €7,747 | -€3,006 | -28.0% |
| Credit institutions | 430/8 | €10,754 | €7,747 | -€3,006 | -28.0% |
| Trade debts | 44 | €25,608 | €11,100 | -€14,508 | -56.7% |
| Suppliers | 440/4 | €25,608 | €11,100 | -€14,508 | -56.7% |
| Taxes, remuneration and social security | 45 | €10,435 | €5,025 | -€5,410 | -51.8% |
| Taxes | 450/3 | €10,435 | €5,025 | -€5,410 | -51.8% |
| Other amounts payable | 47/48 | €40,649 | €39,043 | -€1,607 | -4.0% |
| Accrued charges and deferred income | 492/3 | €371 | €0 | -€371 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,251 | €38,938 | +€11,687 | +42.9% |
| Other operating charges | 640/8 | €820 | €721 | -€99 | -12.1% |
| Gross operating margin | 9900 | €48,683 | €47,145 | -€1,538 | -3.2% |
| Operating profit (loss) | 9901 | €20,613 | €7,486 | -€13,127 | -63.7% |
| Financial income | 75/76B | €95 | €20 | -€75 | -79.4% |
| Recurring financial income | 75 | €95 | €20 | -€75 | -79.4% |
| Financial charges | 65/66B | €4,684 | €5,515 | +€831 | +17.7% |
| Recurring financial charges | 65 | €4,684 | €5,515 | +€831 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €16,023 | €1,990 | -€14,033 | -87.6% |
| Income taxes | 67/77 | €1,699 | €613 | -€1,086 | -63.9% |
| Profit (loss) for the period | 9904 | €14,324 | €1,377 | -€12,947 | -90.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,324 | €1,377 | -€12,947 | -90.4% |
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 15 October 2026 via checked.be.