DKr8: 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.
DKr8
Largest movements
- Cash +€149,953
up €149,953 (+77.6%), from €193,251 to €343,204
mainly Net result for the year (+€584,425) and Current portion of long-term debt (+€508,554)
- Current investments +€110,000
up €110,000 (+17.7%), from €620,000 to €730,000
- Receivables within one year -€68,002
down €68,002 (-89.2%), from €76,241 to €8,239
of which Trade receivables: -€38,720
- Debts after one year -€872,115
down €872,115 (-39.6%), from €2.2m to €1.3m
- Profit (loss) carried forward +€519,609
up €519,609 (+66.3%), from €783,915 to €1.3m
- Current portion of long-term debt +€508,554
up €508,554 (+123.0%), from €413,560 to €922,114
- Other debts +€96,892
up €96,892 (+35.7%), from €271,730 to €368,622
- Financial income -€266,681
down €266,681 (-39.1%), from €682,322 to €415,641
- Gross operating margin +€91,933
up €91,933 (+41.1%), from €223,646 to €315,579
- Taxes +€20,756
up €20,756 (+50.7%), from €40,901 to €61,657
- Financial charges +€14,656
up €14,656 (+29.2%), from €50,177 to €64,833
- Depreciation -€5,844
down €5,844 (-24.6%), from €23,793 to €17,949
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.
Cash bridge derived
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 | €5,994,763 | €6,202,497 | +€207,734 | +3.5% |
| Fixed assets | 21/28 | €5,100,818 | €5,114,361 | +€13,543 | +0.3% |
| Tangible fixed assets | 22/27 | €206,300 | €256,364 | +€50,064 | +24.3% |
| Land and buildings | 22 | €193,276 | €184,949 | -€8,327 | -4.3% |
| Plant, machinery and equipment | 23 | €1,929 | €1,379 | -€550 | -28.5% |
| Furniture and vehicles | 24 | €7,210 | €66,956 | +€59,746 | +828.7% |
| Other tangible fixed assets | 26 | €3,885 | €3,080 | -€805 | -20.7% |
| Financial fixed assets | 28 | €4,894,518 | €4,857,997 | -€36,521 | -0.7% |
| Current assets | 29/58 | €893,945 | €1,088,136 | +€194,191 | +21.7% |
| Amounts receivable within one year | 40/41 | €76,241 | €8,239 | -€68,002 | -89.2% |
| Trade receivables | 40 | €38,720 | - | -€38,720 | |
| Other amounts receivable | 41 | €37,521 | €8,239 | -€29,282 | -78.0% |
| Current investments | 50/53 | €620,000 | €730,000 | +€110,000 | +17.7% |
| Cash at bank and in hand | 54/58 | €193,251 | €343,204 | +€149,953 | +77.6% |
| Deferred charges and accrued income | 490/1 | €4,453 | €6,693 | +€2,240 | +50.3% |
| Total equity and liabilities | 10/49 | €5,994,763 | €6,202,497 | +€207,734 | +3.5% |
| Equity | 10/15 | €3,058,332 | €3,521,350 | +€463,018 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €2,328 | €2,328 | = | 0.0% |
| Reserves | 13 | €2,253,489 | €2,196,898 | -€56,591 | -2.5% |
| Tax-exempt reserves | 132 | €145,050 | €188,868 | +€43,818 | +30.2% |
| Distributable reserves | 133 | €2,108,439 | €2,008,030 | -€100,409 | -4.8% |
| Profit (loss) carried forward | 14 | €783,915 | €1,303,524 | +€519,609 | +66.3% |
| Amounts payable | 17/49 | €2,936,431 | €2,681,147 | -€255,284 | -8.7% |
| Amounts payable after more than one year | 17 | €2,200,227 | €1,328,112 | -€872,115 | -39.6% |
| Financial debts | 170/4 | €2,200,227 | €1,328,112 | -€872,115 | -39.6% |
| Amounts payable within one year | 42/48 | €712,744 | €1,315,077 | +€602,333 | +84.5% |
| Current portion of amounts payable after more than one year | 42 | €413,560 | €922,114 | +€508,554 | +123.0% |
| Financial debts | 43 | - | €1,127 | +€1,127 | |
| Credit institutions | 430/8 | - | €1,127 | +€1,127 | |
| Trade debts | 44 | €7,973 | €1,413 | -€6,560 | -82.3% |
| Suppliers | 440/4 | €7,973 | €1,413 | -€6,560 | -82.3% |
| Taxes, remuneration and social security | 45 | €19,481 | €21,801 | +€2,320 | +11.9% |
| Taxes | 450/3 | €19,481 | €21,801 | +€2,320 | +11.9% |
| Other amounts payable | 47/48 | €271,730 | €368,622 | +€96,892 | +35.7% |
| Accrued charges and deferred income | 492/3 | €23,460 | €37,958 | +€14,498 | +61.8% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,793 | €17,949 | -€5,844 | -24.6% |
| Other operating charges | 640/8 | €2,447 | €2,356 | -€91 | -3.7% |
| Gross operating margin | 9900 | €223,646 | €315,579 | +€91,933 | +41.1% |
| Operating profit (loss) | 9901 | €197,406 | €295,274 | +€97,868 | +49.6% |
| Financial income | 75/76B | €682,322 | €415,641 | -€266,681 | -39.1% |
| Recurring financial income | 75 | €682,322 | €415,641 | -€266,681 | -39.1% |
| Financial charges | 65/66B | €50,177 | €64,833 | +€14,656 | +29.2% |
| Recurring financial charges | 65 | €50,177 | €64,833 | +€14,656 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €829,551 | €646,082 | -€183,469 | -22.1% |
| Income taxes | 67/77 | €40,901 | €61,657 | +€20,756 | +50.7% |
| Profit (loss) for the period | 9904 | €788,650 | €584,425 | -€204,225 | -25.9% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €63,150 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €725,500 | €521,275 | -€204,225 | -28.1% |
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 9 October 2026 via checked.be.