DEN BUNT: 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 BUNT
Largest movements
- Tangible fixed assets +€17,182
up €17,182 (+23.8%), from €72,047 to €89,229
of which Plant, machinery and equipment: +€12,052
- Cash +€10,602
up €10,602 (+153%), from €6,941 to €17,543
mainly Depreciation (+€19,336) and Net result for the year (+€13,771)
- Stocks and contracts +€2,505
up €2,505 (+50.1%), from €5,000 to €7,505
- Reserves +€13,771
up €13,771 (+173%), from €7,939 to €21,710
- Accrued charges and deferred income +€8,450
up €8,450 (+300%), from €2,817 to €11,267
- Other debts +€7,760
up €7,760 (+34.4%), from €22,547 to €30,306
- Tax, wage and social debts +€6,166
up €6,166 (+68.1%), from €9,053 to €15,220
of which Taxes: +€3,445
- Trade debts -€5,539
down €5,539 (-16.6%), from €33,322 to €27,783
- Staff costs +€46,262
up €46,262 (+67.3%), from €68,740 to €115,002
- Gross operating margin +€41,911
up €41,911 (+35.8%), from €117,054 to €158,965
- Depreciation +€7,559
up €7,559 (+64.2%), from €11,777 to €19,336
- Taxes +€5,770
up €5,770 (+417%), from €1,383 to €7,153
- Financial charges -€2,695
down €2,695 (-85.0%), from €3,171 to €476
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 | €94,387 | €124,835 | +€30,448 | +32.3% |
| Fixed assets | 21/28 | €79,637 | €96,819 | +€17,182 | +21.6% |
| Tangible fixed assets | 22/27 | €72,047 | €89,229 | +€17,182 | +23.8% |
| Land and buildings | 22 | €26,714 | €28,168 | +€1,454 | +5.4% |
| Plant, machinery and equipment | 23 | €29,879 | €41,931 | +€12,052 | +40.3% |
| Furniture and vehicles | 24 | €15,454 | €19,130 | +€3,675 | +23.8% |
| Financial fixed assets | 28 | €7,590 | €7,590 | = | 0.0% |
| Current assets | 29/58 | €14,750 | €28,016 | +€13,266 | +89.9% |
| Stocks and contracts in progress | 3 | €5,000 | €7,505 | +€2,505 | +50.1% |
| Stocks | 30/36 | €5,000 | €7,505 | +€2,505 | +50.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,941 | €17,543 | +€10,602 | +153% |
| Deferred charges and accrued income | 490/1 | €2,809 | €2,968 | +€159 | +5.7% |
| Total equity and liabilities | 10/49 | €94,387 | €124,835 | +€30,448 | +32.3% |
| Equity | 10/15 | €26,489 | €40,260 | +€13,771 | +52.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,939 | €21,710 | +€13,771 | +173% |
| Distributable reserves | 133 | €7,939 | €21,710 | +€13,771 | +173% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €67,898 | €84,575 | +€16,677 | +24.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,081 | €73,309 | +€8,228 | +12.6% |
| Financial debts | 43 | €160 | €0 | -€160 | -100% |
| Credit institutions | 430/8 | €160 | €0 | -€160 | -100% |
| Trade debts | 44 | €33,322 | €27,783 | -€5,539 | -16.6% |
| Suppliers | 440/4 | €33,322 | €27,783 | -€5,539 | -16.6% |
| Taxes, remuneration and social security | 45 | €9,053 | €15,220 | +€6,166 | +68.1% |
| Taxes | 450/3 | €3,668 | €7,113 | +€3,445 | +93.9% |
| Remuneration and social security | 454/9 | €5,385 | €8,107 | +€2,721 | +50.5% |
| Other amounts payable | 47/48 | €22,547 | €30,306 | +€7,760 | +34.4% |
| Accrued charges and deferred income | 492/3 | €2,817 | €11,267 | +€8,450 | +300% |
| Remuneration, social security and pensions | 62 | €68,740 | €115,002 | +€46,262 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,777 | €19,336 | +€7,559 | +64.2% |
| Other operating charges | 640/8 | €3,189 | €3,233 | +€44 | +1.4% |
| Gross operating margin | 9900 | €117,054 | €158,965 | +€41,911 | +35.8% |
| Operating profit (loss) | 9901 | €33,349 | €21,395 | -€11,954 | -35.8% |
| Financial income | 75/76B | €62 | €6 | -€56 | -91.0% |
| Recurring financial income | 75 | €62 | €6 | -€56 | -91.0% |
| Financial charges | 65/66B | €3,171 | €476 | -€2,695 | -85.0% |
| Recurring financial charges | 65 | €3,171 | €476 | -€2,695 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €30,240 | €20,924 | -€9,316 | -30.8% |
| Income taxes | 67/77 | €1,383 | €7,153 | +€5,770 | +417% |
| Profit (loss) for the period | 9904 | €28,857 | €13,771 | -€15,086 | -52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,857 | €13,771 | -€15,086 | -52.3% |
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 19 October 2026 via checked.be.