DEENA: 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.
DEENA
Largest movements
- Tangible fixed assets -€51,794
down €51,794 (-7.5%), from €688,423 to €636,629
of which Land and buildings: -€45,398
- Cash -€15,495
down €15,495 (-94.2%), from €16,458 to €963
mainly Current portion of long-term debt (-€34,293) and Debts after one year (-€25,711)
- Current portion of long-term debt -€34,293
down €34,293 (-47.0%), from €72,976 to €38,683
- Debts after one year -€25,711
down €25,711 (-3.2%), from €800,739 to €775,028
of which Financial debts: -€25,711
- Profit (loss) carried forward -€18,244
down €18,244 (-70.9%), from -€25,721 to -€43,966
- Gross operating margin -€10,853
down €10,853 (-13.9%), from €78,078 to €67,225
- Financial charges +€10,302
up €10,302 (+56.0%), from €18,393 to €28,694
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 | €895,403 | €822,652 | -€72,751 | -8.1% |
| Fixed assets | 21/28 | €868,573 | €816,629 | -€51,944 | -6.0% |
| Tangible fixed assets | 22/27 | €688,423 | €636,629 | -€51,794 | -7.5% |
| Land and buildings | 22 | €673,042 | €627,644 | -€45,398 | -6.7% |
| Plant, machinery and equipment | 23 | €9,394 | €5,477 | -€3,918 | -41.7% |
| Other tangible fixed assets | 26 | €5,986 | €3,508 | -€2,478 | -41.4% |
| Financial fixed assets | 28 | €180,150 | €180,000 | -€150 | -0.1% |
| Current assets | 29/58 | €26,830 | €6,023 | -€20,807 | -77.6% |
| Amounts receivable within one year | 40/41 | €9,946 | €4,605 | -€5,342 | -53.7% |
| Trade receivables | 40 | €8,489 | €3,147 | -€5,342 | -62.9% |
| Other amounts receivable | 41 | €1,457 | €1,457 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,458 | €963 | -€15,495 | -94.2% |
| Deferred charges and accrued income | 490/1 | €427 | €456 | +€29 | +6.8% |
| Total equity and liabilities | 10/49 | €895,403 | €822,652 | -€72,751 | -8.1% |
| Equity | 10/15 | -€7,121 | -€25,366 | -€18,244 | -256.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,721 | -€43,966 | -€18,244 | -70.9% |
| Amounts payable | 17/49 | €902,524 | €848,017 | -€54,507 | -6.0% |
| Amounts payable after more than one year | 17 | €800,739 | €775,028 | -€25,711 | -3.2% |
| Financial debts | 170/4 | €675,739 | €650,028 | -€25,711 | -3.8% |
| Other amounts payable | 178/9 | €125,000 | €125,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €101,680 | €72,018 | -€29,662 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €72,976 | €38,683 | -€34,293 | -47.0% |
| Trade debts | 44 | €10,117 | €14,798 | +€4,681 | +46.3% |
| Suppliers | 440/4 | €10,117 | €14,798 | +€4,681 | +46.3% |
| Taxes, remuneration and social security | 45 | €4,550 | €1,745 | -€2,806 | -61.7% |
| Taxes | 450/3 | €4,550 | €1,745 | -€2,806 | -61.7% |
| Other amounts payable | 47/48 | €14,037 | €16,793 | +€2,755 | +19.6% |
| Accrued charges and deferred income | 492/3 | €105 | €971 | +€867 | +826.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,062 | €51,794 | -€268 | -0.5% |
| Other operating charges | 640/8 | €5,491 | €4,981 | -€510 | -9.3% |
| Gross operating margin | 9900 | €78,078 | €67,225 | -€10,853 | -13.9% |
| Operating profit (loss) | 9901 | €20,524 | €10,450 | -€10,074 | -49.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €18,393 | €28,694 | +€10,302 | +56.0% |
| Recurring financial charges | 65 | €18,393 | €28,694 | +€10,302 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €2,132 | -€18,244 | -€20,376 | |
| Profit (loss) for the period | 9904 | €2,132 | -€18,244 | -€20,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,132 | -€18,244 | -€20,376 |
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 9 October 2026 via checked.be.