DEN BLITZ: 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 BLITZ
Largest movements
- Cash -€89,494
down €89,494 (-76.1%), from €117,669 to €28,176
mainly Receivables within one year (-€70,613) and Current investments (-€57,000)
- Receivables within one year +€70,613
up €70,613 (+3554.0%), from €1,987 to €72,600
of which Other amounts receivable: +€72,600
- Current investments +€57,000
up €57,000 (+158.3%), from €36,000 to €93,000
- Tangible fixed assets +€7,229
new in 2025: €7,229
- Reserves +€38,148
up €38,148 (+38.8%), from €98,363 to €136,511
- Tax, wage and social debts +€6,221
up €6,221 (+234.1%), from €2,658 to €8,879
- Trade debts +€3,025
up €3,025, from €0 to €3,025
- Taxes +€11,667
up €11,667 (+179.3%), from €6,508 to €18,176
- Gross operating margin -€1,557
down €1,557 (-2.6%), from €59,091 to €57,534
- Financial income +€679
up €679 (+58.1%), from €1,169 to €1,848
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 | €157,437 | €204,831 | +€47,394 | +30.1% |
| Fixed assets | 21/28 | - | €7,229 | +€7,229 | |
| Tangible fixed assets | 22/27 | - | €7,229 | +€7,229 | |
| Land and buildings | 22 | - | €7,229 | +€7,229 | |
| Current assets | 29/58 | €157,437 | €197,602 | +€40,165 | +25.5% |
| Amounts receivable after more than one year | 29 | €1,755 | €1,755 | = | 0.0% |
| Other amounts receivable | 291 | €1,755 | €1,755 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,987 | €72,600 | +€70,613 | +3554.0% |
| Trade receivables | 40 | €1,987 | €0 | -€1,987 | -100.0% |
| Other amounts receivable | 41 | - | €72,600 | +€72,600 | |
| Current investments | 50/53 | €36,000 | €93,000 | +€57,000 | +158.3% |
| Cash at bank and in hand | 54/58 | €117,669 | €28,176 | -€89,494 | -76.1% |
| Deferred charges and accrued income | 490/1 | €25 | €2,071 | +€2,045 | +8090.5% |
| Total equity and liabilities | 10/49 | €157,437 | €204,831 | +€47,394 | +30.1% |
| Equity | 10/15 | €107,560 | €145,708 | +€38,148 | +35.5% |
| Contributions | 10/11 | €9,197 | €9,197 | = | 0.0% |
| Reserves | 13 | €98,363 | €136,511 | +€38,148 | +38.8% |
| Distributable reserves | 133 | €98,363 | €136,511 | +€38,148 | +38.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €47,219 | €47,219 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €47,219 | €47,219 | = | 0.0% |
| Other liabilities and charges | 164/5 | €47,219 | €47,219 | = | 0.0% |
| Amounts payable | 17/49 | €2,658 | €11,904 | +€9,246 | +347.9% |
| Amounts payable within one year | 42/48 | €2,658 | €11,904 | +€9,246 | +347.9% |
| Trade debts | 44 | €0 | €3,025 | +€3,025 | |
| Suppliers | 440/4 | €0 | €3,025 | +€3,025 | |
| Taxes, remuneration and social security | 45 | €2,658 | €8,879 | +€6,221 | +234.1% |
| Taxes | 450/3 | €2,658 | €8,879 | +€6,221 | +234.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €473 | +€473 | |
| Other operating charges | 640/8 | €2,406 | €2,480 | +€74 | +3.1% |
| Gross operating margin | 9900 | €59,091 | €57,534 | -€1,557 | -2.6% |
| Operating profit (loss) | 9901 | €56,685 | €54,581 | -€2,104 | -3.7% |
| Financial income | 75/76B | €1,169 | €1,848 | +€679 | +58.1% |
| Recurring financial income | 75 | €1,169 | €1,848 | +€679 | +58.1% |
| Financial charges | 65/66B | €106 | €106 | -€1 | -0.7% |
| Recurring financial charges | 65 | €106 | €106 | -€1 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €57,748 | €56,323 | -€1,424 | -2.5% |
| Income taxes | 67/77 | €6,508 | €18,176 | +€11,667 | +179.3% |
| Profit (loss) for the period | 9904 | €51,239 | €38,148 | -€13,091 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,239 | €38,148 | -€13,091 | -25.5% |
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 6 October 2026 via checked.be.