DEN 200: 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.
DEN 200
Largest movements
- Cash -€137,654
down €137,654 (-58.7%), from €234,547 to €96,893
mainly Other debts (-€81,663) and Debts after one year (-€45,000)
- Other debts -€81,663
down €81,663 (-8.8%), from €927,301 to €845,638
- Debts after one year -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Provisions -€33,000
down €33,000 (-100.0%), from €33,000 to €0
- Accrued charges and deferred income +€30,348
up €30,348 (+79.3%), from €38,254 to €68,603
- Provisions -€33,000
new in 2025: -€33,000
- Financial charges +€30,505
up €30,505 (+79.5%), from €38,374 to €68,880
- Gross operating margin -€30,330
down €30,330 (-37.3%), from €81,206 to €50,875
- Taxes -€8,920
down €8,920 (-72.6%), from €12,290 to €3,370
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 | €2,478,892 | €2,357,068 | -€121,825 | -4.9% |
| Fixed assets | 21/28 | €1,878,013 | €1,877,760 | -€252 | 0.0% |
| Tangible fixed assets | 22/27 | €2,613 | €2,360 | -€252 | -9.7% |
| Land and buildings | 22 | €2,613 | €2,360 | -€252 | -9.7% |
| Financial fixed assets | 28 | €1,875,400 | €1,875,400 | = | 0.0% |
| Current assets | 29/58 | €600,880 | €479,307 | -€121,572 | -20.2% |
| Amounts receivable within one year | 40/41 | €356,934 | €371,764 | +€14,829 | +4.2% |
| Trade receivables | 40 | €290,400 | €296,310 | +€5,910 | +2.0% |
| Other amounts receivable | 41 | €66,534 | €75,454 | +€8,920 | +13.4% |
| Cash at bank and in hand | 54/58 | €234,547 | €96,893 | -€137,654 | -58.7% |
| Deferred charges and accrued income | 490/1 | €9,398 | €10,650 | +€1,252 | +13.3% |
| Total equity and liabilities | 10/49 | €2,478,892 | €2,357,068 | -€121,825 | -4.9% |
| Equity | 10/15 | €1,377,711 | €1,391,191 | +€13,480 | +1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,277,711 | €1,291,191 | +€13,480 | +1.1% |
| Distributable reserves | 133 | €1,277,711 | €1,291,191 | +€13,480 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €33,000 | €0 | -€33,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €33,000 | €0 | -€33,000 | -100.0% |
| Pensions and similar obligations | 160 | €33,000 | €0 | -€33,000 | -100.0% |
| Amounts payable | 17/49 | €1,068,181 | €965,876 | -€102,305 | -9.6% |
| Amounts payable after more than one year | 17 | €45,000 | €0 | -€45,000 | -100.0% |
| Financial debts | 170/4 | €45,000 | €0 | -€45,000 | -100.0% |
| Amounts payable within one year | 42/48 | €984,927 | €897,274 | -€87,653 | -8.9% |
| Trade debts | 44 | €8,019 | €2,547 | -€5,472 | -68.2% |
| Suppliers | 440/4 | €8,019 | €2,547 | -€5,472 | -68.2% |
| Taxes, remuneration and social security | 45 | €49,607 | €49,089 | -€519 | -1.0% |
| Taxes | 450/3 | €49,607 | €49,089 | -€519 | -1.0% |
| Other amounts payable | 47/48 | €927,301 | €845,638 | -€81,663 | -8.8% |
| Accrued charges and deferred income | 492/3 | €38,254 | €68,603 | +€30,348 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €252 | €252 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€33,000 | -€33,000 | |
| Other operating charges | 640/8 | €141 | €160 | +€20 | +14.2% |
| Gross operating margin | 9900 | €81,206 | €50,875 | -€30,330 | -37.3% |
| Operating profit (loss) | 9901 | €80,813 | €83,462 | +€2,650 | +3.3% |
| Financial income | 75/76B | €2,624 | €2,267 | -€357 | -13.6% |
| Recurring financial income | 75 | €2,624 | €2,267 | -€357 | -13.6% |
| Financial charges | 65/66B | €38,374 | €68,880 | +€30,505 | +79.5% |
| Recurring financial charges | 65 | €38,374 | €68,880 | +€30,505 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €45,062 | €16,850 | -€28,212 | -62.6% |
| Income taxes | 67/77 | €12,290 | €3,370 | -€8,920 | -72.6% |
| Profit (loss) for the period | 9904 | €32,773 | €13,480 | -€19,293 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,773 | €13,480 | -€19,293 | -58.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.