DEN AREND: 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 AREND
Largest movements
- Cash -€2,187
down €2,187 (-60.3%), from €3,627 to €1,440
mainly Investment in fixed assets (net) (-€1,644) and Deferred charges and accrued income (-€1,588)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€21,781
down €21,781 (-94.9%), from €22,959 to €1,178
- Gross operating margin +€3,168
up €3,168 (+255.1%), from €1,242 to €4,410
- Financial charges -€1,954
down €1,954 (-96.7%), from €2,020 to €66
- Other operating charges -€903
down €903 (-23.2%), from €3,899 to €2,996
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 | €161,839 | €162,845 | +€1,006 | +0.6% |
| Fixed assets | 21/28 | €156,398 | €156,864 | +€466 | +0.3% |
| Tangible fixed assets | 22/27 | €155,809 | €156,275 | +€466 | +0.3% |
| Land and buildings | 22 | €149,509 | €150,762 | +€1,253 | +0.8% |
| Furniture and vehicles | 24 | €6,300 | €5,513 | -€787 | -12.5% |
| Financial fixed assets | 28 | €589 | €589 | = | 0.0% |
| Current assets | 29/58 | €5,441 | €5,981 | +€540 | +9.9% |
| Stocks and contracts in progress | 3 | €1,401 | €1,401 | = | 0.0% |
| Stocks | 30/36 | €1,401 | €1,401 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €413 | €1,552 | +€1,139 | +275.8% |
| Trade receivables | 40 | €174 | €793 | +€619 | +355.7% |
| Other amounts receivable | 41 | €239 | €759 | +€520 | +217.6% |
| Cash at bank and in hand | 54/58 | €3,627 | €1,440 | -€2,187 | -60.3% |
| Deferred charges and accrued income | 490/1 | - | €1,588 | +€1,588 | |
| Total equity and liabilities | 10/49 | €161,839 | €162,845 | +€1,006 | +0.6% |
| Equity | 10/15 | €18,936 | €19,106 | +€170 | +0.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,711 | €82,711 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €80,852 | €80,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,367 | -€82,197 | +€170 | +0.2% |
| Amounts payable | 17/49 | €142,903 | €143,739 | +€836 | +0.6% |
| Amounts payable within one year | 42/48 | €142,903 | €143,466 | +€563 | +0.4% |
| Trade debts | 44 | €18,556 | €19,057 | +€501 | +2.7% |
| Suppliers | 440/4 | €18,556 | €19,057 | +€501 | +2.7% |
| Other amounts payable | 47/48 | €124,347 | €124,409 | +€62 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €273 | +€273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,959 | €1,178 | -€21,781 | -94.9% |
| Other operating charges | 640/8 | €3,899 | €2,996 | -€903 | -23.2% |
| Gross operating margin | 9900 | €1,242 | €4,410 | +€3,168 | +255.1% |
| Operating profit (loss) | 9901 | -€25,616 | €236 | +€25,852 | |
| Financial charges | 65/66B | €2,020 | €66 | -€1,954 | -96.7% |
| Recurring financial charges | 65 | €2,020 | €66 | -€1,954 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,636 | €170 | +€27,806 | |
| Profit (loss) for the period | 9904 | -€27,636 | €170 | +€27,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,636 | €170 | +€27,806 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.