DKG: 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.
DKG
Largest movements
- Cash +€54,306
up €54,306 (+16.2%), from €334,623 to €388,929
mainly Other debts (+€262,233) and Net result for the year (+€104,980)
- Receivables within one year +€42,497
up €42,497 (+342%), from €12,443 to €54,940
of which Trade receivables: +€40,894
- Other debts +€262,233
up €262,233 (+1,675%), from €15,656 to €277,889
- Reserves -€171,788
down €171,788 (-13.4%), from €1.3m to €1.1m
of which Distributable reserves: -€166,126
- Gross operating margin +€30,992
up €30,992 (+19.2%), from €161,785 to €192,777
- Financial income +€28,830
up €28,830 (+165%), from €17,481 to €46,311
- Taxes +€23,612
up €23,612 (+71.5%), from €33,021 to €56,633
- Staff costs +€7,414
up €7,414 (+14.1%), from €52,668 to €60,082
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 | €1,336,876 | €1,427,752 | +€90,876 | +6.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €35,105 | €21,267 | -€13,838 | -39.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €34,970 | €21,132 | -€13,838 | -39.6% |
| Plant, machinery and equipment | 23 | €1,715 | €1,814 | +€99 | +5.8% |
| Furniture and vehicles | 24 | €33,255 | €19,319 | -€13,937 | -41.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €1,301,771 | €1,406,485 | +€104,714 | +8.0% |
| Stocks and contracts in progress | 3 | €3,850 | €5,720 | +€1,869 | +48.5% |
| Stocks | 30/36 | €3,850 | €5,720 | +€1,869 | +48.5% |
| Amounts receivable within one year | 40/41 | €12,443 | €54,940 | +€42,497 | +342% |
| Trade receivables | 40 | €9,463 | €50,357 | +€40,894 | +432% |
| Other amounts receivable | 41 | €2,981 | €4,584 | +€1,603 | +53.8% |
| Current investments | 50/53 | €948,063 | €948,063 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €334,623 | €388,929 | +€54,306 | +16.2% |
| Deferred charges and accrued income | 490/1 | €2,791 | €8,833 | +€6,042 | +217% |
| Total equity and liabilities | 10/49 | €1,336,876 | €1,427,752 | +€90,876 | +6.8% |
| Equity | 10/15 | €1,294,299 | €1,120,911 | -€173,388 | -13.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,278,569 | €1,106,780 | -€171,788 | -13.4% |
| Non-distributable reserves | 130/1 | €22,425 | €22,425 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,425 | €22,425 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,869 | €6,206 | -€5,662 | -47.7% |
| Distributable reserves | 133 | €1,244,275 | €1,078,149 | -€166,126 | -13.4% |
| Profit (loss) carried forward | 14 | €3,330 | €1,730 | -€1,600 | -48.0% |
| Provisions and deferred taxes | 16 | €3,956 | €2,069 | -€1,887 | -47.7% |
| Deferred taxes | 168 | €3,956 | €2,069 | -€1,887 | -47.7% |
| Amounts payable | 17/49 | €38,621 | €304,773 | +€266,152 | +689% |
| Amounts payable within one year | 42/48 | €38,252 | €304,773 | +€266,521 | +697% |
| Trade debts | 44 | €0 | €2,388 | +€2,388 | |
| Suppliers | 440/4 | €0 | €2,388 | +€2,388 | |
| Taxes, remuneration and social security | 45 | €22,596 | €24,496 | +€1,900 | +8.4% |
| Taxes | 450/3 | €21,000 | €24,496 | +€3,496 | +16.6% |
| Remuneration and social security | 454/9 | €1,596 | - | -€1,596 | |
| Other amounts payable | 47/48 | €15,656 | €277,889 | +€262,233 | +1,675% |
| Accrued charges and deferred income | 492/3 | €369 | - | -€369 | |
| Remuneration, social security and pensions | 62 | €52,668 | €60,082 | +€7,414 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,360 | €14,773 | -€587 | -3.8% |
| Other operating charges | 640/8 | €2,374 | €2,568 | +€194 | +8.2% |
| Gross operating margin | 9900 | €161,785 | €192,777 | +€30,992 | +19.2% |
| Operating profit (loss) | 9901 | €91,383 | €115,354 | +€23,971 | +26.2% |
| Financial income | 75/76B | €17,481 | €46,311 | +€28,830 | +165% |
| Recurring financial income | 75 | €17,481 | €46,311 | +€28,830 | +165% |
| Financial charges | 65/66B | €1,541 | €1,938 | +€397 | +25.8% |
| Recurring financial charges | 65 | €1,541 | €1,938 | +€397 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €107,322 | €159,726 | +€52,404 | +48.8% |
| Transfer from deferred taxes | 780 | €1,887 | €1,887 | = | 0.0% |
| Income taxes | 67/77 | €33,021 | €56,633 | +€23,612 | +71.5% |
| Profit (loss) for the period | 9904 | €76,189 | €104,980 | +€28,792 | +37.8% |
| Transfer from tax-exempt reserves | 789 | €5,662 | €5,662 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,851 | €110,643 | +€28,792 | +35.2% |
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 14 October 2026 via checked.be.