DKW 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.
DKW INVEST
Largest movements
- Receivables after one year +€350,000
new in 2025: €350,000
- Cash +€107,609
up €107,609 (+86,128%), from €125 to €107,734
mainly Other debts (+€698,357) and Depreciation (+€45,538)
- Receivables within one year +€98,310
up €98,310 (+50.3%), from €195,441 to €293,751
of which Other amounts receivable: +€175,905
- Tangible fixed assets +€31,462
up €31,462 (+2.4%), from €1.3m to €1.3m
of which Furniture and vehicles: +€76,052
- Financial fixed assets +€25,000
new in 2025: €25,000
- Other debts +€698,357
up €698,357 (+307%), from €227,345 to €925,702
- Debts after one year -€43,279
down €43,279 (-3.7%), from €1.2m to €1.1m
- Profit (loss) carried forward -€24,200
down €24,200 (-66.7%), from -€36,274 to -€60,475
- Depreciation -€28,789
down €28,789 (-38.7%), from €74,326 to €45,538
- Financial charges +€26,082
up €26,082 (+97.0%), from €26,901 to €52,983
- Gross operating margin +€6,563
up €6,563 (+9.8%), from €67,083 to €73,646
- Financial income +€2,860
up €2,860 (+12,239%), from €23 to €2,884
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 | €1,498,392 | €2,115,283 | +€616,890 | +41.2% |
| Fixed assets | 21/28 | €1,302,095 | €1,358,558 | +€56,462 | +4.3% |
| Tangible fixed assets | 22/27 | €1,302,095 | €1,333,558 | +€31,462 | +2.4% |
| Land and buildings | 22 | €1,298,621 | €1,254,031 | -€44,590 | -3.4% |
| Furniture and vehicles | 24 | €3,474 | €79,526 | +€76,052 | +2,189% |
| Financial fixed assets | 28 | - | €25,000 | +€25,000 | |
| Current assets | 29/58 | €196,297 | €756,725 | +€560,428 | +286% |
| Amounts receivable after more than one year | 29 | - | €350,000 | +€350,000 | |
| Other amounts receivable | 291 | - | €350,000 | +€350,000 | |
| Amounts receivable within one year | 40/41 | €195,441 | €293,751 | +€98,310 | +50.3% |
| Trade receivables | 40 | €191,931 | €114,336 | -€77,595 | -40.4% |
| Other amounts receivable | 41 | €3,510 | €179,415 | +€175,905 | +5,011% |
| Cash at bank and in hand | 54/58 | €125 | €107,734 | +€107,609 | +86,128% |
| Deferred charges and accrued income | 490/1 | €731 | €5,240 | +€4,509 | +617% |
| Total equity and liabilities | 10/49 | €1,498,392 | €2,115,283 | +€616,890 | +41.2% |
| Equity | 10/15 | €21,508 | -€2,693 | -€24,200 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,782 | €52,782 | = | 0.0% |
| Distributable reserves | 133 | €52,782 | €52,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,274 | -€60,475 | -€24,200 | -66.7% |
| Amounts payable | 17/49 | €1,476,884 | €2,117,975 | +€641,091 | +43.4% |
| Amounts payable after more than one year | 17 | €1,166,558 | €1,123,279 | -€43,279 | -3.7% |
| Financial debts | 170/4 | €1,166,558 | €1,123,279 | -€43,279 | -3.7% |
| Amounts payable within one year | 42/48 | €299,286 | €985,220 | +€685,934 | +229% |
| Current portion of amounts payable after more than one year | 42 | €41,593 | €43,279 | +€1,686 | +4.1% |
| Trade debts | 44 | €2,848 | €7,868 | +€5,020 | +176% |
| Suppliers | 440/4 | €2,848 | €7,868 | +€5,020 | +176% |
| Taxes, remuneration and social security | 45 | €27,499 | €8,370 | -€19,129 | -69.6% |
| Taxes | 450/3 | €27,499 | €8,370 | -€19,129 | -69.6% |
| Other amounts payable | 47/48 | €227,345 | €925,702 | +€698,357 | +307% |
| Accrued charges and deferred income | 492/3 | €11,041 | €9,476 | -€1,564 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,326 | €45,538 | -€28,789 | -38.7% |
| Other operating charges | 640/8 | €2,153 | €2,209 | +€56 | +2.6% |
| Gross operating margin | 9900 | €67,083 | €73,646 | +€6,563 | +9.8% |
| Operating profit (loss) | 9901 | -€9,396 | €25,899 | +€35,296 | |
| Financial income | 75/76B | €23 | €2,884 | +€2,860 | +12,239% |
| Recurring financial income | 75 | €23 | €2,884 | +€2,860 | +12,239% |
| Financial charges | 65/66B | €26,901 | €52,983 | +€26,082 | +97.0% |
| Recurring financial charges | 65 | €26,901 | €52,983 | +€26,082 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | -€36,274 | -€24,200 | +€12,074 | +33.3% |
| Profit (loss) for the period | 9904 | -€36,274 | -€24,200 | +€12,074 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,274 | -€24,200 | +€12,074 | +33.3% |
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 31 October 2026 via checked.be.