DKonsult & 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.
What changed
DKonsult & Invest
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€111,486
2025 · €125,861-€14,375
Equity
€183,860
2025 · €182,150+€1,710
Cash
€690
2025 · €1,670-€980
Balance sheet total
€480,384
2025 · €491,172-€10,788
Largest movements
Assets
- Tangible fixed assets -€7,000
down €7,000 (-1.8%), from €383,063 to €376,063
Equity and liabilities
- Debts after one year -€15,076
down €15,076 (-5.7%), from €263,181 to €248,105
Income statement
- Gross operating margin -€17,233
down €17,233 (-10.0%), from €172,584 to €155,351
- Taxes -€4,439
down €4,439 (-12.6%), from €35,287 to €30,848
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.
Result 2025
€125,861
Gross operating margin
-€17,233
Other operating charges
-€325
Financial income
-€902
Financial charges
-€353
Taxes
+€4,439
Result 2026
€111,486
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€120,298
Investment
€0
Financing
-€121,278
Cash 2025
€1,670
From operations (derived)
+€120,298
Net result for the year
+€111,486
Depreciation
+€7,000
Receivables within one year
+€2,679
Smaller working-capital items
+€239
Tax, wage and social debts
-€1,105
Financing
-€121,278
Debts after one year
-€15,076
Current portion of long-term debt
+€3,574
Contributions, distributions and other
-€109,776
Cash 2026
€690
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €491,172 | €480,384 | -€10,788 | -2.2% |
| Fixed assets | 21/28 | €383,063 | €376,063 | -€7,000 | -1.8% |
| Tangible fixed assets | 22/27 | €383,063 | €376,063 | -€7,000 | -1.8% |
| Land and buildings | 22 | €383,063 | €376,063 | -€7,000 | -1.8% |
| Current assets | 29/58 | €108,109 | €104,321 | -€3,788 | -3.5% |
| Amounts receivable within one year | 40/41 | €105,811 | €103,132 | -€2,679 | -2.5% |
| Other amounts receivable | 41 | €105,811 | €103,132 | -€2,679 | -2.5% |
| Cash at bank and in hand | 54/58 | €1,670 | €690 | -€980 | -58.7% |
| Deferred charges and accrued income | 490/1 | €627 | €498 | -€129 | -20.6% |
| Total equity and liabilities | 10/49 | €491,172 | €480,384 | -€10,788 | -2.2% |
| Equity | 10/15 | €182,150 | €183,860 | +€1,710 | +0.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €177,150 | €178,860 | +€1,710 | +1.0% |
| Distributable reserves | 133 | €177,150 | €178,860 | +€1,710 | +1.0% |
| Amounts payable | 17/49 | €309,021 | €296,524 | -€12,498 | -4.0% |
| Amounts payable after more than one year | 17 | €263,181 | €248,105 | -€15,076 | -5.7% |
| Financial debts | 170/4 | €263,181 | €248,105 | -€15,076 | -5.7% |
| Amounts payable within one year | 42/48 | €45,840 | €48,418 | +€2,578 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €19,485 | €23,059 | +€3,574 | +18.3% |
| Trade debts | 44 | €785 | €895 | +€110 | +14.0% |
| Suppliers | 440/4 | €785 | €895 | +€110 | +14.0% |
| Taxes, remuneration and social security | 45 | €25,570 | €24,464 | -€1,105 | -4.3% |
| Taxes | 450/3 | €25,570 | €21,314 | -€4,255 | -16.6% |
| Remuneration and social security | 454/9 | - | €3,150 | +€3,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €7,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,280 | €1,605 | +€325 | +25.4% |
| Gross operating margin | 9900 | €172,584 | €155,351 | -€17,233 | -10.0% |
| Operating profit (loss) | 9901 | €164,304 | €146,746 | -€17,559 | -10.7% |
| Financial income | 75/76B | €902 | - | -€902 | |
| Recurring financial income | 75 | €902 | - | -€902 | |
| Financial charges | 65/66B | €4,059 | €4,411 | +€353 | +8.7% |
| Recurring financial charges | 65 | €4,059 | €4,411 | +€353 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €161,148 | €142,334 | -€18,814 | -11.7% |
| Income taxes | 67/77 | €35,287 | €30,848 | -€4,439 | -12.6% |
| Profit (loss) for the period | 9904 | €125,861 | €111,486 | -€14,375 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €125,861 | €111,486 | -€14,375 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.