Bart Denoo Engineering: what changed
Two fiscal 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.
Bart Denoo Engineering
Largest movements
- Cash -€23,239
down €23,239 (-85.7%), from €27,112 to €3,873
mainly Investment in fixed assets (net) (-€57,652) and Net result for the year (-€18,329)
- Tangible fixed assets +€19,872
up €19,872 (+3.4%), from €587,831 to €607,703
of which Furniture and vehicles: +€46,252
- Current investments -€15,520
down €15,520 (-4.1%), from €378,023 to €362,503
- Reserves -€18,329
down €18,329 (-1.9%), from €987,519 to €969,190
of which Distributable reserves: -€18,329
- Depreciation +€7,781
up €7,781 (+26.4%), from €29,430 to €37,211
- Gross operating margin +€4,002
up €4,002 (+41.2%), from €9,708 to €13,710
- Financial income +€420
up €420 (+3.6%), from €11,692 to €12,113
- Other operating charges +€178
up €178 (+3.1%), from €5,723 to €5,902
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 | €1,011,203 | €996,606 | -€14,596 | -1.4% |
| Fixed assets | 21/28 | €589,951 | €610,392 | +€20,441 | +3.5% |
| Tangible fixed assets | 22/27 | €587,831 | €607,703 | +€19,872 | +3.4% |
| Land and buildings | 22 | €497,149 | €470,615 | -€26,535 | -5.3% |
| Plant, machinery and equipment | 23 | €396 | €551 | +€155 | +39.3% |
| Furniture and vehicles | 24 | €90,286 | €136,538 | +€46,252 | +51.2% |
| Financial fixed assets | 28 | €2,120 | €2,689 | +€569 | +26.8% |
| Current assets | 29/58 | €421,252 | €386,214 | -€35,037 | -8.3% |
| Amounts receivable within one year | 40/41 | €14,622 | €18,121 | +€3,499 | +23.9% |
| Trade receivables | 40 | €5,233 | €6,079 | +€846 | +16.2% |
| Other amounts receivable | 41 | €9,389 | €12,042 | +€2,652 | +28.2% |
| Current investments | 50/53 | €378,023 | €362,503 | -€15,520 | -4.1% |
| Cash at bank and in hand | 54/58 | €27,112 | €3,873 | -€23,239 | -85.7% |
| Deferred charges and accrued income | 490/1 | €1,494 | €1,717 | +€223 | +15.0% |
| Total equity and liabilities | 10/49 | €1,011,203 | €996,606 | -€14,596 | -1.4% |
| Equity | 10/15 | €1,006,112 | €987,782 | -€18,329 | -1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €987,519 | €969,190 | -€18,329 | -1.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €975,660 | €957,331 | -€18,329 | -1.9% |
| Amounts payable | 17/49 | €5,091 | €8,824 | +€3,733 | +73.3% |
| Amounts payable within one year | 42/48 | €1,591 | €4,032 | +€2,441 | +153.4% |
| Financial debts | 43 | - | €140 | +€140 | |
| Other loans | 439 | - | €140 | +€140 | |
| Trade debts | 44 | €1,591 | €3,892 | +€2,301 | +144.6% |
| Suppliers | 440/4 | €1,591 | €3,892 | +€2,301 | +144.6% |
| Accrued charges and deferred income | 492/3 | €3,500 | €4,792 | +€1,292 | +36.9% |
| Remuneration, social security and pensions | 62 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,430 | €37,211 | +€7,781 | +26.4% |
| Other operating charges | 640/8 | €5,723 | €5,902 | +€178 | +3.1% |
| Gross operating margin | 9900 | €9,708 | €13,710 | +€4,002 | +41.2% |
| Operating profit (loss) | 9901 | -€26,413 | -€30,402 | -€3,989 | -15.1% |
| Financial income | 75/76B | €11,692 | €12,113 | +€420 | +3.6% |
| Recurring financial income | 75 | €11,692 | €12,113 | +€420 | +3.6% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,759 | -€18,329 | -€3,570 | -24.2% |
| Profit (loss) for the period | 9904 | -€14,759 | -€18,329 | -€3,570 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,759 | -€18,329 | -€3,570 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.