DKtherm: 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.
DKtherm
Largest movements
- Tangible fixed assets +€48,582
up €48,582 (+83.1%), from €58,478 to €107,060
of which Furniture and vehicles: +€45,594
- Cash +€13,988
up €13,988 (+1066.0%), from €1,312 to €15,300
mainly Debts after one year (+€32,237) and Net result for the year (+€21,402)
- Receivables within one year -€7,740
down €7,740 (-45.8%), from €16,895 to €9,155
of which Trade receivables: -€5,161
- Debts after one year +€32,237
up €32,237 (+201.3%), from €16,018 to €48,254
- Reserves +€21,300
up €21,300 (+369.8%), from €5,760 to €27,060
- Other debts -€8,000
down €8,000 (-30.2%), from €26,500 to €18,500
- Tax, wage and social debts +€7,866
up €7,866 (+327.2%), from €2,404 to €10,270
of which Taxes: +€7,866
- Gross operating margin +€54,696
up €54,696 (+352.1%), from €15,532 to €70,228
- Taxes +€13,220
up €13,220 (+941.1%), from €1,405 to €14,625
- Depreciation +€6,001
up €6,001 (+46.9%), from €12,798 to €18,799
- Other operating charges +€871
up €871 (+146.4%), from €595 to €1,467
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 | €77,854 | €132,927 | +€55,073 | +70.7% |
| Fixed assets | 21/28 | €58,478 | €107,060 | +€48,582 | +83.1% |
| Tangible fixed assets | 22/27 | €58,478 | €107,060 | +€48,582 | +83.1% |
| Land and buildings | 22 | €25,910 | €27,923 | +€2,013 | +7.8% |
| Plant, machinery and equipment | 23 | €2,130 | €3,105 | +€975 | +45.8% |
| Furniture and vehicles | 24 | €30,438 | €76,032 | +€45,594 | +149.8% |
| Current assets | 29/58 | €19,376 | €25,867 | +€6,491 | +33.5% |
| Amounts receivable within one year | 40/41 | €16,895 | €9,155 | -€7,740 | -45.8% |
| Trade receivables | 40 | €14,238 | €9,077 | -€5,161 | -36.2% |
| Other amounts receivable | 41 | €2,657 | €78 | -€2,579 | -97.1% |
| Cash at bank and in hand | 54/58 | €1,312 | €15,300 | +€13,988 | +1066.0% |
| Deferred charges and accrued income | 490/1 | €1,169 | €1,412 | +€243 | +20.8% |
| Total equity and liabilities | 10/49 | €77,854 | €132,927 | +€55,073 | +70.7% |
| Equity | 10/15 | €26,019 | €47,421 | +€21,402 | +82.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,760 | €27,060 | +€21,300 | +369.8% |
| Distributable reserves | 133 | €5,760 | €27,060 | +€21,300 | +369.8% |
| Profit (loss) carried forward | 14 | €1,659 | €1,761 | +€102 | +6.1% |
| Amounts payable | 17/49 | €51,836 | €85,506 | +€33,671 | +65.0% |
| Amounts payable after more than one year | 17 | €16,018 | €48,254 | +€32,237 | +201.3% |
| Financial debts | 170/4 | €16,018 | €48,254 | +€32,237 | +201.3% |
| Amounts payable within one year | 42/48 | €35,818 | €37,252 | +€1,434 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €6,046 | €6,378 | +€332 | +5.5% |
| Trade debts | 44 | €868 | €2,103 | +€1,236 | +142.4% |
| Suppliers | 440/4 | €868 | €2,103 | +€1,236 | +142.4% |
| Taxes, remuneration and social security | 45 | €2,404 | €10,270 | +€7,866 | +327.2% |
| Taxes | 450/3 | €1,404 | €9,270 | +€7,866 | +560.3% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €26,500 | €18,500 | -€8,000 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,798 | €18,799 | +€6,001 | +46.9% |
| Other operating charges | 640/8 | €595 | €1,467 | +€871 | +146.4% |
| Non-recurring operating charges | 66A | - | €11,976 | +€11,976 | |
| Gross operating margin | 9900 | €15,532 | €70,228 | +€54,696 | +352.1% |
| Operating profit (loss) | 9901 | €2,139 | €37,986 | +€35,847 | +1675.6% |
| Financial charges | 65/66B | €1,728 | €1,959 | +€231 | +13.4% |
| Recurring financial charges | 65 | €1,728 | €1,959 | +€231 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €411 | €36,027 | +€35,616 | +8667.6% |
| Income taxes | 67/77 | €1,405 | €14,625 | +€13,220 | +941.1% |
| Profit (loss) for the period | 9904 | -€994 | €21,402 | +€22,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€994 | €21,402 | +€22,396 |
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.