DEN AVENU: 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.
DEN AVENU
Largest movements
- Current investments +€18,059
up €18,059 (+20.6%), from €87,579 to €105,638
- Tangible fixed assets -€3,881
down €3,881 (-6.9%), from €56,288 to €52,406
of which Furniture and vehicles: -€3,950
- Reserves +€25,686
up €25,686 (+21.3%), from €120,332 to €146,018
of which Distributable reserves: +€25,686
- Tax, wage and social debts -€10,388
down €10,388 (-66.8%), from €15,540 to €5,152
- Debts after one year -€8,851
down €8,851 (-36.4%), from €24,308 to €15,457
- Trade debts +€5,303
up €5,303 (+1,384%), from €383 to €5,686
- Gross operating margin -€7,710
down €7,710 (-12.7%), from €60,579 to €52,870
- Depreciation +€2,900
up €2,900 (+30.6%), from €9,466 to €12,366
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 | €181,819 | €193,564 | +€11,745 | +6.5% |
| Fixed assets | 21/28 | €56,288 | €52,406 | -€3,881 | -6.9% |
| Tangible fixed assets | 22/27 | €56,288 | €52,406 | -€3,881 | -6.9% |
| Plant, machinery and equipment | 23 | €7,241 | €8,543 | +€1,302 | +18.0% |
| Furniture and vehicles | 24 | €44,292 | €40,342 | -€3,950 | -8.9% |
| Other tangible fixed assets | 26 | €4,754 | €3,521 | -€1,234 | -25.9% |
| Current assets | 29/58 | €125,532 | €141,158 | +€15,626 | +12.4% |
| Amounts receivable within one year | 40/41 | €2,566 | €2,162 | -€404 | -15.7% |
| Trade receivables | 40 | €2,418 | €1,751 | -€666 | -27.6% |
| Other amounts receivable | 41 | €148 | €410 | +€262 | +177% |
| Current investments | 50/53 | €87,579 | €105,638 | +€18,059 | +20.6% |
| Cash at bank and in hand | 54/58 | €35,039 | €33,358 | -€1,681 | -4.8% |
| Deferred charges and accrued income | 490/1 | €349 | - | -€349 | |
| Total equity and liabilities | 10/49 | €181,819 | €193,564 | +€11,745 | +6.5% |
| Equity | 10/15 | €132,732 | €158,418 | +€25,686 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,332 | €146,018 | +€25,686 | +21.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €118,472 | €144,158 | +€25,686 | +21.7% |
| Amounts payable | 17/49 | €49,087 | €35,146 | -€13,942 | -28.4% |
| Amounts payable after more than one year | 17 | €24,308 | €15,457 | -€8,851 | -36.4% |
| Financial debts | 170/4 | €24,308 | €15,457 | -€8,851 | -36.4% |
| Amounts payable within one year | 42/48 | €24,780 | €19,689 | -€5,091 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €8,547 | €8,851 | +€304 | +3.6% |
| Trade debts | 44 | €383 | €5,686 | +€5,303 | +1,384% |
| Suppliers | 440/4 | €383 | €5,686 | +€5,303 | +1,384% |
| Taxes, remuneration and social security | 45 | €15,540 | €5,152 | -€10,388 | -66.8% |
| Taxes | 450/3 | €15,540 | €5,152 | -€10,388 | -66.8% |
| Other amounts payable | 47/48 | €310 | - | -€310 | |
| Non-recurring operating income | 76A | €15,385 | - | -€15,385 | |
| Remuneration, social security and pensions | 62 | €587 | - | -€587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,466 | €12,366 | +€2,900 | +30.6% |
| Other operating charges | 640/8 | €1,005 | €532 | -€473 | -47.1% |
| Gross operating margin | 9900 | €60,579 | €52,870 | -€7,710 | -12.7% |
| Operating profit (loss) | 9901 | €49,521 | €39,971 | -€9,549 | -19.3% |
| Financial income | 75/76B | €1,156 | €1,633 | +€476 | +41.2% |
| Recurring financial income | 75 | €1,156 | €1,633 | +€476 | +41.2% |
| Financial charges | 65/66B | €1,823 | €1,905 | +€83 | +4.5% |
| Recurring financial charges | 65 | €1,823 | €1,905 | +€83 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €48,854 | €39,699 | -€9,155 | -18.7% |
| Income taxes | 67/77 | €13,415 | €14,012 | +€598 | +4.5% |
| Profit (loss) for the period | 9904 | €35,440 | €25,686 | -€9,753 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,440 | €25,686 | -€9,753 | -27.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.