Den Bies: 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 Bies
Largest movements
- Cash +€153,008
up €153,008 (+180%), from €84,904 to €237,912
mainly Net result for the year (+€121,829) and Depreciation (+€93,558)
- Tangible fixed assets -€47,893
down €47,893 (-6.8%), from €701,470 to €653,577
of which Land and buildings: -€50,074
- Stocks and contracts +€42,996
up €42,996 (+22.5%), from €191,216 to €234,212
- Reserves +€121,829
up €121,829 (+114%), from €107,048 to €228,877
of which Distributable reserves: +€121,829
- Tax, wage and social debts +€52,798
up €52,798 (+104%), from €50,646 to €103,444
of which Taxes: +€42,223
- Debts after one year -€39,377
down €39,377 (-11.3%), from €347,832 to €308,456
- Trade debts +€23,682
up €23,682 (+9.3%), from €253,979 to €277,661
- Other debts -€17,313
down €17,313 (-11.0%), from €157,441 to €140,128
- Gross operating margin +€131,339
up €131,339 (+28.5%), from €460,867 to €592,206
- Taxes +€50,611
up €50,611 (+449%), from €11,279 to €61,890
- Staff costs +€33,783
up €33,783 (+13.2%), from €255,241 to €289,024
- Financial charges -€12,639
down €12,639 (-34.5%), from €36,602 to €23,963
- Depreciation +€9,234
up €9,234 (+11.0%), from €84,324 to €93,558
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 | €984,594 | €1,127,942 | +€143,349 | +14.6% |
| Fixed assets | 21/28 | €701,470 | €653,577 | -€47,893 | -6.8% |
| Tangible fixed assets | 22/27 | €701,470 | €653,577 | -€47,893 | -6.8% |
| Land and buildings | 22 | €563,009 | €512,935 | -€50,074 | -8.9% |
| Plant, machinery and equipment | 23 | €138,395 | €140,642 | +€2,247 | +1.6% |
| Furniture and vehicles | 24 | €65 | - | -€65 | |
| Current assets | 29/58 | €283,124 | €474,365 | +€191,241 | +67.5% |
| Stocks and contracts in progress | 3 | €191,216 | €234,212 | +€42,996 | +22.5% |
| Stocks | 30/36 | €191,216 | €234,212 | +€42,996 | +22.5% |
| Amounts receivable within one year | 40/41 | €5,051 | - | -€5,051 | |
| Other amounts receivable | 41 | €5,051 | - | -€5,051 | |
| Cash at bank and in hand | 54/58 | €84,904 | €237,912 | +€153,008 | +180% |
| Deferred charges and accrued income | 490/1 | €1,953 | €2,241 | +€287 | +14.7% |
| Total equity and liabilities | 10/49 | €984,594 | €1,127,942 | +€143,349 | +14.6% |
| Equity | 10/15 | €137,048 | €258,877 | +€121,829 | +88.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €107,048 | €228,877 | +€121,829 | +114% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €104,048 | €225,877 | +€121,829 | +117% |
| Amounts payable | 17/49 | €847,545 | €869,065 | +€21,520 | +2.5% |
| Amounts payable after more than one year | 17 | €347,832 | €308,456 | -€39,377 | -11.3% |
| Financial debts | 170/4 | €347,832 | €308,456 | -€39,377 | -11.3% |
| Amounts payable within one year | 42/48 | €499,713 | €560,610 | +€60,896 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €37,647 | €39,377 | +€1,730 | +4.6% |
| Trade debts | 44 | €253,979 | €277,661 | +€23,682 | +9.3% |
| Suppliers | 440/4 | €253,979 | €277,661 | +€23,682 | +9.3% |
| Taxes, remuneration and social security | 45 | €50,646 | €103,444 | +€52,798 | +104% |
| Taxes | 450/3 | - | €42,223 | +€42,223 | |
| Remuneration and social security | 454/9 | €50,646 | €61,220 | +€10,574 | +20.9% |
| Other amounts payable | 47/48 | €157,441 | €140,128 | -€17,313 | -11.0% |
| Non-recurring operating income | 76A | €4,100 | €1,155 | -€2,945 | -71.8% |
| Remuneration, social security and pensions | 62 | €255,241 | €289,024 | +€33,783 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,324 | €93,558 | +€9,234 | +11.0% |
| Other operating charges | 640/8 | €2,402 | €2,486 | +€84 | +3.5% |
| Gross operating margin | 9900 | €460,867 | €592,206 | +€131,339 | +28.5% |
| Operating profit (loss) | 9901 | €118,901 | €207,138 | +€88,237 | +74.2% |
| Financial income | 75/76B | €424 | €545 | +€121 | +28.5% |
| Recurring financial income | 75 | €424 | €545 | +€121 | +28.5% |
| Financial charges | 65/66B | €36,602 | €23,963 | -€12,639 | -34.5% |
| Recurring financial charges | 65 | €36,602 | €23,963 | -€12,639 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €82,723 | €183,719 | +€100,996 | +122% |
| Income taxes | 67/77 | €11,279 | €61,890 | +€50,611 | +449% |
| Profit (loss) for the period | 9904 | €71,444 | €121,829 | +€50,385 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,444 | €121,829 | +€50,385 | +70.5% |
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 15 October 2026 via checked.be.