DANISH GROUP: 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.
DANISH GROUP
Largest movements
- Cash -€36,085
down €36,085 (-90.7%), from €39,797 to €3,712
mainly Net result for the year (-€46,965) and Receivables within one year (-€2,389)
- Receivables within one year +€2,389
up €2,389 (+8.0%), from €29,886 to €32,275
- Profit (loss) carried forward -€46,883
down €46,883, from €29,407 to -€17,476
- Tax, wage and social debts +€9,255
up €9,255 (+50.3%), from €18,383 to €27,638
of which Remuneration and social security: +€16,015
- Trade debts +€2,788
up €2,788 (+33.9%), from €8,222 to €11,011
- Turnover -€48,064
down €48,064 (-29.4%), from €163,570 to €115,506
- Staff costs +€33,646
up €33,646 (+95.2%), from €35,328 to €68,974
- Purchases and services -€33,308
down €33,308 (-26.1%), from €127,607 to €94,299
- Gross operating margin -€19,460
down €19,460 (-46.4%), from €41,914 to €22,454
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 | €83,843 | €49,004 | -€34,839 | -41.6% |
| Current assets | 29/58 | €83,843 | €49,004 | -€34,839 | -41.6% |
| Stocks and contracts in progress | 3 | €12,972 | €12,458 | -€514 | -4.0% |
| Stocks | 30/36 | €12,972 | €12,458 | -€514 | -4.0% |
| Amounts receivable within one year | 40/41 | €29,886 | €32,275 | +€2,389 | +8.0% |
| Other amounts receivable | 41 | €29,886 | €32,275 | +€2,389 | +8.0% |
| Cash at bank and in hand | 54/58 | €39,797 | €3,712 | -€36,085 | -90.7% |
| Deferred charges and accrued income | 490/1 | €1,188 | €558 | -€630 | -53.0% |
| Total equity and liabilities | 10/49 | €83,843 | €49,004 | -€34,839 | -41.6% |
| Equity | 10/15 | €57,237 | €10,354 | -€46,883 | -81.9% |
| Contributions | 10/11 | €27,830 | €27,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,407 | -€17,476 | -€46,883 | |
| Amounts payable | 17/49 | €26,606 | €38,649 | +€12,043 | +45.3% |
| Amounts payable within one year | 42/48 | €26,606 | €38,649 | +€12,043 | +45.3% |
| Trade debts | 44 | €8,222 | €11,011 | +€2,788 | +33.9% |
| Suppliers | 440/4 | €8,222 | €11,011 | +€2,788 | +33.9% |
| Taxes, remuneration and social security | 45 | €18,383 | €27,638 | +€9,255 | +50.3% |
| Taxes | 450/3 | €12,681 | €5,922 | -€6,759 | -53.3% |
| Remuneration and social security | 454/9 | €5,702 | €21,717 | +€16,015 | +281% |
| Turnover | 70 | €163,570 | €115,506 | -€48,064 | -29.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €127,607 | €94,299 | -€33,308 | -26.1% |
| Remuneration, social security and pensions | 62 | €35,328 | €68,974 | +€33,646 | +95.2% |
| Other operating charges | 640/8 | €390 | €723 | +€333 | +85.3% |
| Gross operating margin | 9900 | €41,914 | €22,454 | -€19,460 | -46.4% |
| Operating profit (loss) | 9901 | €6,195 | -€47,243 | -€53,438 | |
| Financial income | 75/76B | - | €615 | +€615 | |
| Recurring financial income | 75 | - | €615 | +€615 | |
| Financial charges | 65/66B | €180 | €338 | +€157 | +87.3% |
| Recurring financial charges | 65 | €180 | €338 | +€157 | +87.3% |
| Profit (loss) for the period before taxes | 9903 | €6,015 | -€46,965 | -€52,980 | |
| Income taxes | 67/77 | €971 | - | -€971 | |
| Profit (loss) for the period | 9904 | €5,044 | -€46,965 | -€52,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,044 | -€46,965 | -€52,009 |
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 17 October 2026 via checked.be.