DKE: 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.
What changed
DKE
NACE 43.211, General electrical installation work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€527,432
2024 · €1.5m-€954,732
Equity
€3.4m
2024 · €3.0m+€427,432
Cash
€873,302
2024 · €804,245+€69,057
Balance sheet total
€5.6m
2024 · €5.9m-€277,983
Largest movements
Assets
- Stocks and contracts -€322,059
down €322,059 (-18.7%), from €1.7m to €1.4m
- Receivables within one year -€75,484
down €75,484 (-3.8%), from €2.0m to €1.9m
of which Trade receivables: -€235,630
- Cash +€69,057
up €69,057 (+8.6%), from €804,245 to €873,302
mainly Net result for the year (+€527,432) and Stocks and contracts (+€322,059)
Equity and liabilities
- Reserves +€427,432
up €427,432 (+14.6%), from €2.9m to €3.4m
of which Distributable reserves: +€252,369
- Other debts -€260,000
down €260,000 (-72.2%), from €360,000 to €100,000
- Advances received -€203,126
down €203,126 (-32.4%), from €626,026 to €422,900
- Debts after one year -€79,119
down €79,119 (-9.0%), from €881,476 to €802,356
of which Financial debts: -€78,958
Income statement
- Gross operating margin -€1.1m
down €1.1m (-28.1%), from €3.7m to €2.7m
- Taxes -€186,251
down €186,251 (-50.8%), from €366,831 to €180,580
- Depreciation +€84,842
up €84,842 (+45.1%), from €187,942 to €272,784
- Write-downs -€68,371
down €68,371 (-99.3%), from €68,858 to €487
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.
Result 2024
€1.5m
Gross operating margin
-€1.1m
Staff costs
-€35,954
Depreciation
-€84,842
Write-downs
+€68,371
Other operating charges
-€2,673
Other operating items
-€13,643
Financial income
-€16,762
Financial charges
-€4,372
Taxes
+€186,251
Result 2025
€527,432
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€631,009
Investment
-€329,322
Financing
-€232,630
Cash 2024
€804,245
From operations (derived)
+€631,009
Net result for the year
+€527,432
Depreciation
+€272,784
Stocks and contracts
+€322,059
Receivables within one year
+€75,484
Deferred charges and accrued income
+€6,035
Trade debts
-€57,053
Tax, wage and social debts
-€52,607
Advances received
-€203,126
Other debts
-€260,000
Investment (derived)
-€329,322
Investment in fixed assets (net)
-€329,322
Financing
-€232,630
Debts after one year
-€79,119
Current portion of long-term debt
-€53,510
Contributions, distributions and other
-€100,000
Cash 2025
€873,302
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,920,116 | €5,642,133 | -€277,983 | -4.7% |
| Fixed assets | 21/28 | €1,410,919 | €1,467,456 | +€56,538 | +4.0% |
| Intangible fixed assets | 21 | €4,184 | €1,656 | -€2,527 | -60.4% |
| Tangible fixed assets | 22/27 | €1,306,052 | €1,365,118 | +€59,065 | +4.5% |
| Land and buildings | 22 | €754,116 | €676,422 | -€77,695 | -10.3% |
| Plant, machinery and equipment | 23 | €82,652 | €195,873 | +€113,222 | +137% |
| Furniture and vehicles | 24 | €319,002 | €290,807 | -€28,196 | -8.8% |
| Leasing and similar rights | 25 | €150,282 | €202,016 | +€51,734 | +34.4% |
| Financial fixed assets | 28 | €100,682 | €100,682 | = | 0.0% |
| Current assets | 29/58 | €4,509,197 | €4,174,677 | -€334,521 | -7.4% |
| Stocks and contracts in progress | 3 | €1,719,491 | €1,397,432 | -€322,059 | -18.7% |
| Stocks | 30/36 | €1,719,491 | €1,397,432 | -€322,059 | -18.7% |
| Amounts receivable within one year | 40/41 | €1,967,562 | €1,892,078 | -€75,484 | -3.8% |
| Trade receivables | 40 | €1,556,224 | €1,320,594 | -€235,630 | -15.1% |
| Other amounts receivable | 41 | €411,338 | €571,484 | +€160,146 | +38.9% |
| Cash at bank and in hand | 54/58 | €804,245 | €873,302 | +€69,057 | +8.6% |
| Deferred charges and accrued income | 490/1 | €17,899 | €11,864 | -€6,035 | -33.7% |
| Total equity and liabilities | 10/49 | €5,920,116 | €5,642,133 | -€277,983 | -4.7% |
| Equity | 10/15 | €2,994,887 | €3,422,319 | +€427,432 | +14.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,932,887 | €3,360,319 | +€427,432 | +14.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €463,100 | €638,163 | +€175,063 | +37.8% |
| Distributable reserves | 133 | €2,463,587 | €2,715,956 | +€252,369 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,925,228 | €2,219,814 | -€705,415 | -24.1% |
| Amounts payable after more than one year | 17 | €881,476 | €802,356 | -€79,119 | -9.0% |
| Financial debts | 170/4 | €881,314 | €802,356 | -€78,958 | -9.0% |
| Other amounts payable | 178/9 | €162 | €0 | -€162 | -100% |
| Amounts payable within one year | 42/48 | €2,043,753 | €1,417,457 | -€626,295 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €197,476 | €143,966 | -€53,510 | -27.1% |
| Trade debts | 44 | €648,255 | €591,202 | -€57,053 | -8.8% |
| Suppliers | 440/4 | €648,255 | €591,202 | -€57,053 | -8.8% |
| Advances received on contracts in progress | 46 | €626,026 | €422,900 | -€203,126 | -32.4% |
| Taxes, remuneration and social security | 45 | €211,996 | €159,389 | -€52,607 | -24.8% |
| Taxes | 450/3 | €56,579 | €0 | -€56,579 | -100% |
| Remuneration and social security | 454/9 | €155,417 | €159,389 | +€3,972 | +2.6% |
| Other amounts payable | 47/48 | €360,000 | €100,000 | -€260,000 | -72.2% |
| Non-recurring operating income | 76A | €945 | €1,000 | +€55 | +5.8% |
| Remuneration, social security and pensions | 62 | €1,637,467 | €1,673,421 | +€35,954 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,942 | €272,784 | +€84,842 | +45.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €68,858 | €487 | -€68,371 | -99.3% |
| Other operating charges | 640/8 | €8,011 | €10,685 | +€2,673 | +33.4% |
| Non-recurring operating charges | 66A | €1,191 | €14,834 | +€13,643 | +1,145% |
| Gross operating margin | 9900 | €3,745,152 | €2,694,044 | -€1.1m | -28.1% |
| Operating profit (loss) | 9901 | €1,841,682 | €721,833 | -€1.1m | -60.8% |
| Financial income | 75/76B | €46,585 | €29,823 | -€16,762 | -36.0% |
| Recurring financial income | 75 | €46,585 | €29,823 | -€16,762 | -36.0% |
| Financial charges | 65/66B | €39,273 | €43,645 | +€4,372 | +11.1% |
| Recurring financial charges | 65 | €39,273 | €43,645 | +€4,372 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €1,848,995 | €708,012 | -€1.1m | -61.7% |
| Income taxes | 67/77 | €366,831 | €180,580 | -€186,251 | -50.8% |
| Profit (loss) for the period | 9904 | €1,482,164 | €527,432 | -€954,732 | -64.4% |
| Transfer from tax-exempt reserves | 789 | - | €35,437 | +€35,437 | |
| Transfer to tax-exempt reserves | 689 | €336,800 | €210,500 | -€126,300 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,145,364 | €352,369 | -€792,995 | -69.2% |
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 13 October 2026 via checked.be.