DEN BEK: 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
DEN BEK
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19,799
2024 · €27,796-€7,997
Equity
€383,747
2024 · €363,948+€19,799
Cash
€26,953
2024 · €28,533-€1,580
Balance sheet total
€605,516
2024 · €583,921+€21,595
Largest movements
Assets
- Current investments +€25,000
up €25,000 (+14.3%), from €175,091 to €200,091
Equity and liabilities
- Reserves +€19,799
up €19,799 (+26.7%), from €74,241 to €94,040
of which Non-distributable reserves: +€19,799
Income statement
- Taxes +€22,143
up €22,143, from -€15,618 to €6,525
- Gross operating margin +€14,920
up €14,920 (+37.1%), from €40,268 to €55,188
- Other operating charges +€848
up €848 (+51.1%), from €1,660 to €2,508
- Depreciation +€594
up €594 (+2.0%), from €29,783 to €30,377
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.
Result 2024
€27,796
Gross operating margin
+€14,920
Depreciation
-€594
Other operating charges
-€848
Other operating items
+€185
Financial income
+€444
Financial charges
+€39
Taxes
-€22,143
Result 2025
€19,799
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€49,405
Investment
-€50,985
Financing
€0
Cash 2024
€28,533
From operations (derived)
+€49,405
Net result for the year
+€19,799
Depreciation
+€30,377
Receivables within one year
-€2,567
Trade debts
-€1,132
Tax, wage and social debts
+€5,390
Other debts
-€2,462
Investment (derived)
-€50,985
Investment in fixed assets (net)
-€25,985
Current investments
-€25,000
Cash 2025
€26,953
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,921 | €605,516 | +€21,595 | +3.7% |
| Fixed assets | 21/28 | €345,063 | €340,671 | -€4,392 | -1.3% |
| Tangible fixed assets | 22/27 | €345,063 | €340,671 | -€4,392 | -1.3% |
| Land and buildings | 22 | €340,684 | €312,841 | -€27,843 | -8.2% |
| Plant, machinery and equipment | 23 | €720 | €25,833 | +€25,113 | +3,488% |
| Furniture and vehicles | 24 | €3,659 | €1,997 | -€1,662 | -45.4% |
| Current assets | 29/58 | €238,858 | €264,845 | +€25,987 | +10.9% |
| Amounts receivable within one year | 40/41 | €35,234 | €37,801 | +€2,567 | +7.3% |
| Trade receivables | 40 | €12,513 | €12,903 | +€390 | +3.1% |
| Other amounts receivable | 41 | €22,721 | €24,898 | +€2,177 | +9.6% |
| Current investments | 50/53 | €175,091 | €200,091 | +€25,000 | +14.3% |
| Cash at bank and in hand | 54/58 | €28,533 | €26,953 | -€1,580 | -5.5% |
| Total equity and liabilities | 10/49 | €583,921 | €605,516 | +€21,595 | +3.7% |
| Equity | 10/15 | €363,948 | €383,747 | +€19,799 | +5.4% |
| 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 | €74,241 | €94,040 | +€19,799 | +26.7% |
| Non-distributable reserves | 130/1 | €49,836 | €69,635 | +€19,799 | +39.7% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €43,686 | €63,485 | +€19,799 | +45.3% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €24,405 | €24,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,207 | €228,207 | = | 0.0% |
| Amounts payable | 17/49 | €219,973 | €221,769 | +€1,796 | +0.8% |
| Amounts payable within one year | 42/48 | €219,973 | €221,769 | +€1,796 | +0.8% |
| Trade debts | 44 | €1,857 | €725 | -€1,132 | -61.0% |
| Suppliers | 440/4 | €1,857 | €725 | -€1,132 | -61.0% |
| Taxes, remuneration and social security | 45 | €2,154 | €7,544 | +€5,390 | +250% |
| Taxes | 450/3 | €2,154 | €7,544 | +€5,390 | +250% |
| Other amounts payable | 47/48 | €215,962 | €213,500 | -€2,462 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,783 | €30,377 | +€594 | +2.0% |
| Other operating charges | 640/8 | €1,660 | €2,508 | +€848 | +51.1% |
| Non-recurring operating charges | 66A | €185 | - | -€185 | |
| Gross operating margin | 9900 | €40,268 | €55,188 | +€14,920 | +37.1% |
| Operating profit (loss) | 9901 | €8,640 | €22,303 | +€13,663 | +158% |
| Financial income | 75/76B | €3,633 | €4,077 | +€444 | +12.2% |
| Recurring financial income | 75 | €3,633 | €4,077 | +€444 | +12.2% |
| Financial charges | 65/66B | €95 | €56 | -€39 | -41.1% |
| Recurring financial charges | 65 | €95 | €56 | -€39 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €12,178 | €26,324 | +€14,146 | +116% |
| Income taxes | 67/77 | -€15,618 | €6,525 | +€22,143 | |
| Profit (loss) for the period | 9904 | €27,796 | €19,799 | -€7,997 | -28.8% |
| Transfer from tax-exempt reserves | 789 | €200,000 | - | -€200,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €227,796 | €19,799 | -€207,997 | -91.3% |
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 22 October 2026 via checked.be.