Albert DENIS: 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.
Albert DENIS
Largest movements
- Receivables within one year +€12,406
up €12,406 (+17.5%), from €70,800 to €83,206
- Tangible fixed assets -€11,348
down €11,348 (-8.0%), from €141,603 to €130,255
of which Furniture and vehicles: -€6,410
- Cash -€6,186
down €6,186 (-4.9%), from €125,843 to €119,657
mainly Receivables within one year (-€12,406) and Net result for the year (-€10,990)
- Profit (loss) carried forward -€10,990
down €10,990 (-3.7%), from €293,193 to €282,203
- Trade debts +€4,548
new in 2025: €4,548
- Gross operating margin -€20,994
down €20,994 (-97.0%), from €21,638 to €644
- Taxes -€1,979
down €1,979 (-92.5%), from €2,139 to €160
- Other operating charges -€775
down €775 (-16.2%), from €4,795 to €4,020
- Financial income -€698
down €698 (-15.2%), from €4,591 to €3,893
- Financial charges -€338
no longer reported in 2025 (was €338)
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 | €361,052 | €355,860 | -€5,192 | -1.4% |
| Fixed assets | 21/28 | €164,146 | €152,798 | -€11,348 | -6.9% |
| Tangible fixed assets | 22/27 | €141,603 | €130,255 | -€11,348 | -8.0% |
| Land and buildings | 22 | €129,735 | €124,798 | -€4,938 | -3.8% |
| Furniture and vehicles | 24 | €10,500 | €4,090 | -€6,410 | -61.0% |
| Other tangible fixed assets | 26 | €1,367 | €1,367 | = | 0.0% |
| Financial fixed assets | 28 | €22,543 | €22,543 | = | 0.0% |
| Current assets | 29/58 | €196,906 | €203,061 | +€6,155 | +3.1% |
| Amounts receivable after more than one year | 29 | €263 | - | -€263 | |
| Trade receivables | 290 | €263 | - | -€263 | |
| Amounts receivable within one year | 40/41 | €70,800 | €83,206 | +€12,406 | +17.5% |
| Other amounts receivable | 41 | €70,800 | €83,206 | +€12,406 | +17.5% |
| Cash at bank and in hand | 54/58 | €125,843 | €119,657 | -€6,186 | -4.9% |
| Deferred charges and accrued income | 490/1 | - | €198 | +€198 | |
| Total equity and liabilities | 10/49 | €361,052 | €355,860 | -€5,192 | -1.4% |
| Equity | 10/15 | €360,452 | €349,461 | -€10,990 | -3.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48,666 | €48,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,814 | €8,814 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €6,955 | €6,955 | = | 0.0% |
| Distributable reserves | 133 | €39,852 | €39,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | €293,193 | €282,203 | -€10,990 | -3.7% |
| Amounts payable | 17/49 | €600 | €6,398 | +€5,798 | +966% |
| Amounts payable within one year | 42/48 | - | €4,548 | +€4,548 | |
| Trade debts | 44 | - | €4,548 | +€4,548 | |
| Bills of exchange payable | 441 | - | €4,548 | +€4,548 | |
| Accrued charges and deferred income | 492/3 | €600 | €1,850 | +€1,250 | +208% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,412 | €11,348 | -€65 | -0.6% |
| Other operating charges | 640/8 | €4,795 | €4,020 | -€775 | -16.2% |
| Gross operating margin | 9900 | €21,638 | €644 | -€20,994 | -97.0% |
| Operating profit (loss) | 9901 | €5,431 | -€14,723 | -€20,154 | |
| Financial income | 75/76B | €4,591 | €3,893 | -€698 | -15.2% |
| Recurring financial income | 75 | €4,591 | €3,893 | -€698 | -15.2% |
| Financial charges | 65/66B | €338 | - | -€338 | |
| Recurring financial charges | 65 | €338 | - | -€338 | |
| Profit (loss) for the period before taxes | 9903 | €9,684 | -€10,830 | -€20,514 | |
| Income taxes | 67/77 | €2,139 | €160 | -€1,979 | -92.5% |
| Profit (loss) for the period | 9904 | €7,544 | -€10,990 | -€18,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,544 | -€10,990 | -€18,535 |
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 24 October 2026 via checked.be.