DKODE: 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.
DKODE
Largest movements
- Current investments +€96,144
new in 2026: €96,144
- Cash -€48,661
down €48,661 (-48.5%), from €100,288 to €51,627
mainly Current investments (-€96,144) and Contributions, distributions and other (-€60,000)
- Deferred charges and accrued income -€5,223
down €5,223 (-44.4%), from €11,756 to €6,532
- Receivables within one year -€3,157
down €3,157 (-16.7%), from €18,862 to €15,706
- Tangible fixed assets -€3,154
down €3,154 (-59.7%), from €5,287 to €2,133
of which Furniture and vehicles: -€1,727
- Other debts +€60,168
up €60,168 (+10079.2%), from €597 to €60,765
- Reserves -€24,305
down €24,305 (-20.0%), from €121,489 to €97,184
- Tax, wage and social debts +€1,748
up €1,748 (+23.8%), from €7,350 to €9,098
- Depreciation -€1,214
down €1,214 (-27.8%), from €4,368 to €3,154
- Taxes +€805
up €805 (+8.0%), from €10,032 to €10,837
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,194 | €172,142 | +€35,949 | +26.4% |
| Fixed assets | 21/28 | €5,287 | €2,133 | -€3,154 | -59.7% |
| Tangible fixed assets | 22/27 | €5,287 | €2,133 | -€3,154 | -59.7% |
| Land and buildings | 22 | €1,965 | €1,405 | -€560 | -28.5% |
| Plant, machinery and equipment | 23 | €868 | €0 | -€868 | -100.0% |
| Furniture and vehicles | 24 | €2,455 | €729 | -€1,727 | -70.3% |
| Current assets | 29/58 | €130,906 | €170,009 | +€39,103 | +29.9% |
| Amounts receivable within one year | 40/41 | €18,862 | €15,706 | -€3,157 | -16.7% |
| Trade receivables | 40 | €18,862 | €15,706 | -€3,157 | -16.7% |
| Current investments | 50/53 | - | €96,144 | +€96,144 | |
| Cash at bank and in hand | 54/58 | €100,288 | €51,627 | -€48,661 | -48.5% |
| Deferred charges and accrued income | 490/1 | €11,756 | €6,532 | -€5,223 | -44.4% |
| Total equity and liabilities | 10/49 | €136,194 | €172,142 | +€35,949 | +26.4% |
| Equity | 10/15 | €126,489 | €102,184 | -€24,305 | -19.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,489 | €97,184 | -€24,305 | -20.0% |
| Distributable reserves | 133 | €121,489 | €97,184 | -€24,305 | -20.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,705 | €69,958 | +€60,253 | +620.9% |
| Amounts payable within one year | 42/48 | €9,705 | €69,958 | +€60,253 | +620.9% |
| Trade debts | 44 | €1,758 | €96 | -€1,662 | -94.6% |
| Suppliers | 440/4 | €1,758 | €96 | -€1,662 | -94.6% |
| Taxes, remuneration and social security | 45 | €7,350 | €9,098 | +€1,748 | +23.8% |
| Taxes | 450/3 | €7,350 | €9,098 | +€1,748 | +23.8% |
| Other amounts payable | 47/48 | €597 | €60,765 | +€60,168 | +10079.2% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,368 | €3,154 | -€1,214 | -27.8% |
| Other operating charges | 640/8 | €231 | €585 | +€355 | +153.9% |
| Gross operating margin | 9900 | €51,073 | €50,609 | -€464 | -0.9% |
| Operating profit (loss) | 9901 | €46,474 | €46,620 | +€145 | +0.3% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €128 | €159 | +€31 | +24.2% |
| Recurring financial charges | 65 | €128 | €159 | +€31 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €46,347 | €46,532 | +€186 | +0.4% |
| Income taxes | 67/77 | €10,032 | €10,837 | +€805 | +8.0% |
| Profit (loss) for the period | 9904 | €36,314 | €35,695 | -€619 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,314 | €35,695 | -€619 | -1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.