DEN DAI: 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 DAI
Largest movements
- Stocks and contracts +€159,321
up €159,321 (+48.7%), from €326,997 to €486,318
- Tangible fixed assets -€90,787
down €90,787 (-23.3%), from €388,904 to €298,117
of which Plant, machinery and equipment: -€46,431
- Receivables within one year -€76,081
down €76,081 (-10.3%), from €735,568 to €659,487
of which Other amounts receivable: -€178,017
- Debts after one year -€334,244
down €334,244 (-69.2%), from €483,115 to €148,870
of which Trade debts: -€300,000
- Trade debts +€232,907
up €232,907 (+77.9%), from €298,801 to €531,708
- Other debts +€48,265
up €48,265 (+16.0%), from €301,445 to €349,710
- Tax, wage and social debts +€43,028
up €43,028 (+56.1%), from €76,719 to €119,747
of which Remuneration and social security: +€40,396
- Gross operating margin +€92,125
up €92,125 (+19.2%), from €479,891 to €572,016
- Staff costs +€83,207
up €83,207 (+22.7%), from €366,453 to €449,660
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 | €1,519,289 | €1,510,866 | -€8,423 | -0.6% |
| Fixed assets | 21/28 | €389,536 | €298,749 | -€90,787 | -23.3% |
| Tangible fixed assets | 22/27 | €388,904 | €298,117 | -€90,787 | -23.3% |
| Plant, machinery and equipment | 23 | €231,091 | €184,661 | -€46,431 | -20.1% |
| Furniture and vehicles | 24 | €8,762 | €6,569 | -€2,193 | -25.0% |
| Other tangible fixed assets | 26 | €149,051 | €106,887 | -€42,164 | -28.3% |
| Financial fixed assets | 28 | €632 | €632 | = | 0.0% |
| Current assets | 29/58 | €1,129,753 | €1,212,117 | +€82,365 | +7.3% |
| Stocks and contracts in progress | 3 | €326,997 | €486,318 | +€159,321 | +48.7% |
| Stocks | 30/36 | €326,997 | €486,318 | +€159,321 | +48.7% |
| Amounts receivable within one year | 40/41 | €735,568 | €659,487 | -€76,081 | -10.3% |
| Trade receivables | 40 | €377,162 | €479,098 | +€101,936 | +27.0% |
| Other amounts receivable | 41 | €358,406 | €180,389 | -€178,017 | -49.7% |
| Cash at bank and in hand | 54/58 | €63,019 | €59,531 | -€3,489 | -5.5% |
| Deferred charges and accrued income | 490/1 | €4,169 | €6,781 | +€2,613 | +62.7% |
| Total equity and liabilities | 10/49 | €1,519,289 | €1,510,866 | -€8,423 | -0.6% |
| Equity | 10/15 | €325,271 | €326,587 | +€1,316 | +0.4% |
| Contributions | 10/11 | €24,579 | €24,579 | = | 0.0% |
| Reserves | 13 | €554,270 | €554,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €554,270 | €554,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€253,577 | -€252,261 | +€1,316 | +0.5% |
| Amounts payable | 17/49 | €1,194,018 | €1,184,279 | -€9,739 | -0.8% |
| Amounts payable after more than one year | 17 | €483,115 | €148,870 | -€334,244 | -69.2% |
| Financial debts | 170/4 | €183,115 | €148,870 | -€34,244 | -18.7% |
| Trade debts | 175 | €300,000 | €0 | -€300,000 | -100% |
| Amounts payable within one year | 42/48 | €709,800 | €1,035,408 | +€325,609 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €32,836 | €34,244 | +€1,409 | +4.3% |
| Trade debts | 44 | €298,801 | €531,708 | +€232,907 | +77.9% |
| Suppliers | 440/4 | €298,801 | €531,708 | +€232,907 | +77.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €76,719 | €119,747 | +€43,028 | +56.1% |
| Taxes | 450/3 | €6,177 | €8,809 | +€2,632 | +42.6% |
| Remuneration and social security | 454/9 | €70,542 | €110,938 | +€40,396 | +57.3% |
| Other amounts payable | 47/48 | €301,445 | €349,710 | +€48,265 | +16.0% |
| Accrued charges and deferred income | 492/3 | €1,103 | €0 | -€1,103 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €366,453 | €449,660 | +€83,207 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,395 | €96,765 | +€369 | +0.4% |
| Other operating charges | 640/8 | €1,965 | €3,359 | +€1,395 | +71.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €479,891 | €572,016 | +€92,125 | +19.2% |
| Operating profit (loss) | 9901 | €15,078 | €22,232 | +€7,155 | +47.5% |
| Financial income | 75/76B | €7,931 | €4,831 | -€3,100 | -39.1% |
| Recurring financial income | 75 | €7,931 | €4,831 | -€3,100 | -39.1% |
| Financial charges | 65/66B | €20,544 | €20,713 | +€169 | +0.8% |
| Recurring financial charges | 65 | €20,544 | €20,713 | +€169 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €2,464 | €6,350 | +€3,886 | +158% |
| Income taxes | 67/77 | €37 | €5,034 | +€4,997 | +13,407% |
| Profit (loss) for the period | 9904 | €2,427 | €1,316 | -€1,110 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,427 | €1,316 | -€1,110 | -45.8% |
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 20 October 2026 via checked.be.