Den Dave: 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 Dave
Largest movements
- Receivables within one year -€19,914
down €19,914 (-43.8%), from €45,443 to €25,529
of which Other amounts receivable: -€18,638
- Cash +€11,484
up €11,484 (+98.1%), from €11,705 to €23,189
mainly Receivables within one year (+€19,914) and Tax, wage and social debts (+€896)
- Tangible fixed assets -€845
down €845 (-66.6%), from €1,269 to €424
- Profit (loss) carried forward -€9,482
down €9,482 (-78.8%), from €12,031 to €2,548
- Tax, wage and social debts +€896
up €896 (+11.3%), from €7,906 to €8,802
- Trade debts -€688
down €688 (-12.4%), from €5,572 to €4,884
- Taxes -€3,556
no longer reported in 2025 (was €3,556)
- Gross operating margin +€1,888
up €1,888 (+19.7%), from -€9,574 to -€7,686
- Other operating charges +€408
up €408 (+358%), from €114 to €522
- Staff costs +€387
new in 2025: €387
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 | €58,417 | €49,142 | -€9,275 | -15.9% |
| Fixed assets | 21/28 | €1,269 | €424 | -€845 | -66.6% |
| Tangible fixed assets | 22/27 | €1,269 | €424 | -€845 | -66.6% |
| Plant, machinery and equipment | 23 | €1,269 | €424 | -€845 | -66.6% |
| Current assets | 29/58 | €57,148 | €48,718 | -€8,430 | -14.8% |
| Amounts receivable within one year | 40/41 | €45,443 | €25,529 | -€19,914 | -43.8% |
| Trade receivables | 40 | €3,411 | €2,135 | -€1,276 | -37.4% |
| Other amounts receivable | 41 | €42,032 | €23,394 | -€18,638 | -44.3% |
| Cash at bank and in hand | 54/58 | €11,705 | €23,189 | +€11,484 | +98.1% |
| Total equity and liabilities | 10/49 | €58,417 | €49,142 | -€9,275 | -15.9% |
| Equity | 10/15 | €17,031 | €7,548 | -€9,482 | -55.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,031 | €2,548 | -€9,482 | -78.8% |
| Amounts payable | 17/49 | €41,386 | €41,594 | +€208 | +0.5% |
| Amounts payable within one year | 42/48 | €41,386 | €41,594 | +€208 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €27,908 | €27,908 | = | 0.0% |
| Trade debts | 44 | €5,572 | €4,884 | -€688 | -12.4% |
| Suppliers | 440/4 | €5,572 | €4,884 | -€688 | -12.4% |
| Taxes, remuneration and social security | 45 | €7,906 | €8,802 | +€896 | +11.3% |
| Taxes | 450/3 | €7,906 | €8,802 | +€896 | +11.3% |
| Remuneration, social security and pensions | 62 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €929 | €845 | -€84 | -9.1% |
| Other operating charges | 640/8 | €114 | €522 | +€408 | +358% |
| Gross operating margin | 9900 | -€9,574 | -€7,686 | +€1,888 | +19.7% |
| Operating profit (loss) | 9901 | -€10,618 | -€9,441 | +€1,177 | +11.1% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €104 | €41 | -€63 | -60.2% |
| Recurring financial charges | 65 | €104 | €41 | -€63 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,721 | -€9,482 | +€1,239 | +11.6% |
| Income taxes | 67/77 | €3,556 | - | -€3,556 | |
| Profit (loss) for the period | 9904 | -€14,277 | -€9,482 | +€4,795 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,277 | -€9,482 | +€4,795 | +33.6% |
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 13 October 2026 via checked.be.