D EN G: 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.
D EN G
Largest movements
- Tangible fixed assets +€20,264
up €20,264 (+9.2%), from €220,978 to €241,242
- Other debts +€51,358
up €51,358 (+43.8%), from €117,356 to €168,713
- Profit (loss) carried forward -€20,616
down €20,616 (-35.2%), from -€58,523 to -€79,139
- Debts after one year -€9,257
down €9,257 (-8.6%), from €107,170 to €97,913
- Gross operating margin +€9,120
up €9,120 (+61.2%), from -€14,907 to -€5,787
- Depreciation +€3,723
up €3,723 (+47.6%), from €7,815 to €11,538
- Other operating charges -€1,601
down €1,601 (-52.4%), from €3,057 to €1,456
- Financial charges -€1,261
down €1,261 (-40.7%), from €3,096 to €1,835
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 | €222,773 | €242,263 | +€19,490 | +8.7% |
| Fixed assets | 21/28 | €221,046 | €241,310 | +€20,264 | +9.2% |
| Tangible fixed assets | 22/27 | €220,978 | €241,242 | +€20,264 | +9.2% |
| Land and buildings | 22 | €220,978 | €241,242 | +€20,264 | +9.2% |
| Financial fixed assets | 28 | €68 | €68 | = | 0.0% |
| Current assets | 29/58 | €1,727 | €953 | -€774 | -44.8% |
| Amounts receivable within one year | 40/41 | €613 | €38 | -€575 | -93.8% |
| Trade receivables | 40 | €0 | €38 | +€38 | |
| Other amounts receivable | 41 | €613 | €0 | -€613 | -100% |
| Cash at bank and in hand | 54/58 | €1,062 | €915 | -€147 | -13.9% |
| Deferred charges and accrued income | 490/1 | €52 | €0 | -€52 | -100% |
| Total equity and liabilities | 10/49 | €222,773 | €242,263 | +€19,490 | +8.7% |
| Equity | 10/15 | -€13,523 | -€34,139 | -€20,616 | -152% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,523 | -€79,139 | -€20,616 | -35.2% |
| Amounts payable | 17/49 | €236,296 | €276,402 | +€40,106 | +17.0% |
| Amounts payable after more than one year | 17 | €107,170 | €97,913 | -€9,257 | -8.6% |
| Financial debts | 170/4 | €107,170 | €97,913 | -€9,257 | -8.6% |
| Amounts payable within one year | 42/48 | €129,126 | €178,489 | +€49,363 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €9,119 | €9,257 | +€138 | +1.5% |
| Trade debts | 44 | €768 | €0 | -€768 | -100% |
| Suppliers | 440/4 | €768 | €0 | -€768 | -100% |
| Taxes, remuneration and social security | 45 | €1,883 | €519 | -€1,365 | -72.5% |
| Taxes | 450/3 | €1,883 | €519 | -€1,365 | -72.5% |
| Other amounts payable | 47/48 | €117,356 | €168,713 | +€51,358 | +43.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,815 | €11,538 | +€3,723 | +47.6% |
| Other operating charges | 640/8 | €3,057 | €1,456 | -€1,601 | -52.4% |
| Gross operating margin | 9900 | -€14,907 | -€5,787 | +€9,120 | +61.2% |
| Operating profit (loss) | 9901 | -€25,779 | -€18,781 | +€6,998 | +27.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,096 | €1,835 | -€1,261 | -40.7% |
| Recurring financial charges | 65 | €3,096 | €1,835 | -€1,261 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€28,875 | -€20,616 | +€8,259 | +28.6% |
| Profit (loss) for the period | 9904 | -€28,875 | -€20,616 | +€8,259 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,875 | -€20,616 | +€8,259 | +28.6% |
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 23 October 2026 via checked.be.