DANNEMARK: 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.
What changed
DANNEMARK
NACE 47.789, Other retail sale of new goods
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€201,167
2025 · €430,582-€229,415
Equity
€1.0m
2025 · €1.0m-€31,833
Cash
€219,504
2025 · €309,973-€90,469
Balance sheet total
€6.1m
2025 · €8.3m-€2.1m
Largest movements
Assets
- Receivables within one year -€1.0m
down €1.0m (-46.3%), from €2.3m to €1.2m
of which Trade receivables: -€1.1m
- Stocks and contracts -€1.0m
down €1.0m (-22.3%), from €4.7m to €3.6m
- Cash -€90,469
down €90,469 (-29.2%), from €309,973 to €219,504
mainly Trade debts (-€2.3m) and Investment in fixed assets (net) (-€234,450)
Equity and liabilities
- Trade debts -€2.3m
down €2.3m (-45.4%), from €5.1m to €2.8m
- Short-term financial debts +€200,000
up €200,000 (+23.5%), from €850,000 to €1.1m
- Current portion of long-term debt -€96,866
down €96,866 (-42.0%), from €230,528 to €133,663
Income statement
- Gross operating margin -€184,310
down €184,310 (-9.2%), from €2.0m to €1.8m
- Staff costs +€114,382
up €114,382 (+10.9%), from €1.1m to €1.2m
- Taxes -€69,943
down €69,943 (-45.9%), from €152,443 to €82,500
- Depreciation +€47,255
up €47,255 (+22.4%), from €210,937 to €258,192
- Write-downs -€36,351
no longer reported in 2026 (was €36,351)
From the 2025 result to the 2026 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.
Result 2025
€430,582
Gross operating margin
-€184,310
Staff costs
-€114,382
Depreciation
-€47,255
Write-downs
+€36,351
Other operating charges
-€219
Other operating items
-€9,524
Financial income
-€1,406
Financial charges
+€21,551
Taxes
+€69,943
Deferred taxes and other
-€163
Result 2026
€201,167
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€231,610
Investment
-€234,450
Financing
-€87,630
Cash 2025
€309,973
From operations (derived)
+€231,610
Net result for the year
+€201,167
Depreciation
+€258,192
Stocks and contracts
+€1.0m
Receivables within one year
+€1.0m
Deferred charges and accrued income
-€58,229
Smaller working-capital items
-€3,641
Trade debts
-€2.3m
Other debts
+€56,327
Accrued charges and deferred income
-€7,193
Investment (derived)
-€234,450
Investment in fixed assets (net)
-€234,450
Financing
-€87,630
Debts after one year
+€42,236
Current portion of long-term debt
-€96,866
Short-term financial debts
+€200,000
Contributions, distributions and other
-€233,000
Cash 2026
€219,504
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,296,461 | €6,148,721 | -€2.1m | -25.9% |
| Fixed assets | 21/28 | €1,016,423 | €992,680 | -€23,743 | -2.3% |
| Intangible fixed assets | 21 | €13,687 | €11,740 | -€1,947 | -14.2% |
| Tangible fixed assets | 22/27 | €957,664 | €971,203 | +€13,539 | +1.4% |
| Land and buildings | 22 | €94,377 | €84,856 | -€9,522 | -10.1% |
| Plant, machinery and equipment | 23 | €782,788 | €774,189 | -€8,600 | -1.1% |
| Furniture and vehicles | 24 | €80,499 | €112,159 | +€31,660 | +39.3% |
| Financial fixed assets | 28 | €45,072 | €9,738 | -€35,334 | -78.4% |
| Current assets | 29/58 | €7,280,038 | €5,156,040 | -€2.1m | -29.2% |
| Stocks and contracts in progress | 3 | €4,683,315 | €3,638,350 | -€1.0m | -22.3% |
| Stocks | 30/36 | €4,683,315 | €3,638,350 | -€1.0m | -22.3% |
| Amounts receivable within one year | 40/41 | €2,262,229 | €1,215,436 | -€1.0m | -46.3% |
| Trade receivables | 40 | €2,233,555 | €1,097,800 | -€1.1m | -50.8% |
| Other amounts receivable | 41 | €28,673 | €117,636 | +€88,962 | +310% |
| Cash at bank and in hand | 54/58 | €309,973 | €219,504 | -€90,469 | -29.2% |
| Deferred charges and accrued income | 490/1 | €24,522 | €82,751 | +€58,229 | +237% |
| Total equity and liabilities | 10/49 | €8,296,461 | €6,148,721 | -€2.1m | -25.9% |
| Equity | 10/15 | €1,047,820 | €1,015,987 | -€31,833 | -3.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €983,581 | €953,095 | -€30,486 | -3.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,431 | €19,945 | -€486 | -2.4% |
| Distributable reserves | 133 | €957,000 | €927,000 | -€30,000 | -3.1% |
| Profit (loss) carried forward | 14 | €2,739 | €1,393 | -€1,347 | -49.2% |
| Provisions and deferred taxes | 16 | €162 | - | -€162 | |
| Deferred taxes | 168 | €162 | - | -€162 | |
| Amounts payable | 17/49 | €7,248,479 | €5,132,733 | -€2.1m | -29.2% |
| Amounts payable after more than one year | 17 | €235,922 | €278,158 | +€42,236 | +17.9% |
| Financial debts | 170/4 | €235,922 | €278,158 | +€42,236 | +17.9% |
| Amounts payable within one year | 42/48 | €7,002,036 | €4,851,248 | -€2.2m | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €230,528 | €133,663 | -€96,866 | -42.0% |
| Financial debts | 43 | €850,000 | €1,050,000 | +€200,000 | +23.5% |
| Credit institutions | 430/8 | €850,000 | €1,050,000 | +€200,000 | +23.5% |
| Trade debts | 44 | €5,081,607 | €2,774,836 | -€2.3m | -45.4% |
| Suppliers | 440/4 | €5,081,607 | €2,774,836 | -€2.3m | -45.4% |
| Taxes, remuneration and social security | 45 | €223,997 | €220,519 | -€3,479 | -1.6% |
| Taxes | 450/3 | €76,325 | €54,079 | -€22,246 | -29.1% |
| Remuneration and social security | 454/9 | €147,672 | €166,439 | +€18,767 | +12.7% |
| Other amounts payable | 47/48 | €615,903 | €672,230 | +€56,327 | +9.1% |
| Accrued charges and deferred income | 492/3 | €10,521 | €3,328 | -€7,193 | -68.4% |
| Non-recurring operating income | 76A | €816 | €19,128 | +€18,312 | +2,245% |
| Remuneration, social security and pensions | 62 | €1,054,060 | €1,168,442 | +€114,382 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,937 | €258,192 | +€47,255 | +22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,351 | - | -€36,351 | |
| Other operating charges | 640/8 | €24,980 | €25,199 | +€219 | +0.9% |
| Non-recurring operating charges | 66A | €622 | €10,146 | +€9,524 | +1,531% |
| Gross operating margin | 9900 | €1,992,991 | €1,808,680 | -€184,310 | -9.2% |
| Operating profit (loss) | 9901 | €666,040 | €346,701 | -€319,340 | -47.9% |
| Financial income | 75/76B | €5,607 | €4,201 | -€1,406 | -25.1% |
| Recurring financial income | 75 | €5,607 | €4,201 | -€1,406 | -25.1% |
| Financial charges | 65/66B | €88,948 | €67,396 | -€21,551 | -24.2% |
| Recurring financial charges | 65 | €88,948 | €67,396 | -€21,551 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €582,699 | €283,505 | -€299,194 | -51.3% |
| Transfer from deferred taxes | 780 | €325 | €162 | -€163 | -50.1% |
| Income taxes | 67/77 | €152,443 | €82,500 | -€69,943 | -45.9% |
| Profit (loss) for the period | 9904 | €430,582 | €201,167 | -€229,415 | -53.3% |
| Transfer from tax-exempt reserves | 789 | €975 | €486 | -€489 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €431,557 | €201,653 | -€229,904 | -53.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.