DKN INVEST: 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.
DKN INVEST
Largest movements
- Tangible fixed assets +€536,514
up €536,514 (+66.4%), from €808,051 to €1.3m
of which Land and buildings: +€534,708
- Receivables after one year +€35,000
up €35,000 (+21.6%), from €162,000 to €197,000
of which Other amounts receivable: +€197,000
- Debts after one year +€486,769
up €486,769 (+116%), from €417,938 to €904,707
- Reserves +€124,905
up €124,905 (+27.0%), from €462,827 to €587,732
- Tax, wage and social debts -€36,006
down €36,006 (-37.8%), from €95,217 to €59,210
of which Taxes: -€18,425
- Current portion of long-term debt +€26,516
up €26,516 (+67.2%), from €39,439 to €65,955
- Trade debts -€25,604
down €25,604 (-70.6%), from €36,243 to €10,639
- Depreciation +€90,413
up €90,413 (+173%), from €52,342 to €142,755
- Staff costs -€40,494
down €40,494 (-14.4%), from €281,746 to €241,251
- Gross operating margin +€20,242
up €20,242 (+3.7%), from €550,688 to €570,930
- Financial charges +€10,386
up €10,386 (+145%), from €7,186 to €17,572
- Taxes -€10,185
down €10,185 (-19.9%), from €51,113 to €40,928
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 | €1,204,276 | €1,782,124 | +€577,848 | +48.0% |
| Fixed assets | 21/28 | €978,051 | €1,514,565 | +€536,514 | +54.9% |
| Tangible fixed assets | 22/27 | €808,051 | €1,344,565 | +€536,514 | +66.4% |
| Land and buildings | 22 | €805,763 | €1,340,471 | +€534,708 | +66.4% |
| Plant, machinery and equipment | 23 | €2,005 | €1,426 | -€579 | -28.9% |
| Furniture and vehicles | 24 | €284 | €2,668 | +€2,384 | +840% |
| Financial fixed assets | 28 | €170,000 | €170,000 | = | 0.0% |
| Current assets | 29/58 | €226,224 | €267,558 | +€41,334 | +18.3% |
| Amounts receivable after more than one year | 29 | €162,000 | €197,000 | +€35,000 | +21.6% |
| Trade receivables | 290 | €162,000 | €0 | -€162,000 | -100% |
| Other amounts receivable | 291 | - | €197,000 | +€197,000 | |
| Amounts receivable within one year | 40/41 | €2,012 | €10,981 | +€8,969 | +446% |
| Other amounts receivable | 41 | €2,012 | €10,981 | +€8,969 | +446% |
| Cash at bank and in hand | 54/58 | €60,550 | €57,329 | -€3,222 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,662 | €2,249 | +€587 | +35.3% |
| Total equity and liabilities | 10/49 | €1,204,276 | €1,782,124 | +€577,848 | +48.0% |
| Equity | 10/15 | €482,827 | €607,732 | +€124,905 | +25.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €462,827 | €587,732 | +€124,905 | +27.0% |
| Distributable reserves | 133 | €462,827 | €587,732 | +€124,905 | +27.0% |
| Amounts payable | 17/49 | €721,449 | €1,174,392 | +€452,943 | +62.8% |
| Amounts payable after more than one year | 17 | €417,938 | €904,707 | +€486,769 | +116% |
| Financial debts | 170/4 | €417,938 | €904,707 | +€486,769 | +116% |
| Amounts payable within one year | 42/48 | €303,510 | €269,685 | -€33,826 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €39,439 | €65,955 | +€26,516 | +67.2% |
| Trade debts | 44 | €36,243 | €10,639 | -€25,604 | -70.6% |
| Suppliers | 440/4 | €36,243 | €10,639 | -€25,604 | -70.6% |
| Taxes, remuneration and social security | 45 | €95,217 | €59,210 | -€36,006 | -37.8% |
| Taxes | 450/3 | €29,751 | €11,326 | -€18,425 | -61.9% |
| Remuneration and social security | 454/9 | €65,466 | €47,885 | -€17,581 | -26.9% |
| Other amounts payable | 47/48 | €132,612 | €133,880 | +€1,268 | +1.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €281,746 | €241,251 | -€40,494 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,342 | €142,755 | +€90,413 | +173% |
| Other operating charges | 640/8 | €1,964 | €3,519 | +€1,555 | +79.2% |
| Gross operating margin | 9900 | €550,688 | €570,930 | +€20,242 | +3.7% |
| Operating profit (loss) | 9901 | €214,636 | €183,404 | -€31,232 | -14.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,186 | €17,572 | +€10,386 | +145% |
| Recurring financial charges | 65 | €7,186 | €17,572 | +€10,386 | +145% |
| Profit (loss) for the period before taxes | 9903 | €207,450 | €165,832 | -€41,618 | -20.1% |
| Income taxes | 67/77 | €51,113 | €40,928 | -€10,185 | -19.9% |
| Profit (loss) for the period | 9904 | €156,337 | €124,905 | -€31,433 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €156,337 | €124,905 | -€31,433 | -20.1% |
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 24 October 2026 via checked.be.