DEN DON: 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 DON
Largest movements
- Receivables within one year +€8,710
up €8,710 (+13.9%), from €62,798 to €71,508
of which Trade receivables: +€27,466
- Stocks and contracts +€5,565
up €5,565 (+127%), from €4,369 to €9,934
- Deferred charges and accrued income -€1,674
down €1,674 (-54.1%), from €3,096 to €1,422
- Financial fixed assets +€1,500
up €1,500 (+35.7%), from €4,198 to €5,698
- Reserves +€13,567
up €13,567 (+60.6%), from €22,383 to €35,949
- Other debts -€13,255
down €13,255 (-37.6%), from €35,274 to €22,020
- Trade debts +€9,303
up €9,303 (+102%), from €9,154 to €18,457
- Advances received +€3,146
new in 2025: €3,146
- Tax, wage and social debts +€2,208
up €2,208 (+16.7%), from €13,185 to €15,393
of which Remuneration and social security: +€2,516
- Gross operating margin -€7,857
down €7,857 (-8.2%), from €96,070 to €88,214
- Taxes +€5,264
up €5,264 (+3,510%), from €150 to €5,414
- Staff costs -€4,973
down €4,973 (-7.0%), from €71,106 to €66,133
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 | €98,596 | €113,564 | +€14,969 | +15.2% |
| Fixed assets | 21/28 | €11,083 | €13,676 | +€2,593 | +23.4% |
| Tangible fixed assets | 22/27 | €6,885 | €7,978 | +€1,093 | +15.9% |
| Plant, machinery and equipment | 23 | €5,579 | €4,625 | -€954 | -17.1% |
| Other tangible fixed assets | 26 | €1,306 | €3,353 | +€2,047 | +157% |
| Financial fixed assets | 28 | €4,198 | €5,698 | +€1,500 | +35.7% |
| Current assets | 29/58 | €87,513 | €99,889 | +€12,376 | +14.1% |
| Stocks and contracts in progress | 3 | €4,369 | €9,934 | +€5,565 | +127% |
| Stocks | 30/36 | €4,369 | €9,934 | +€5,565 | +127% |
| Amounts receivable within one year | 40/41 | €62,798 | €71,508 | +€8,710 | +13.9% |
| Trade receivables | 40 | €6,049 | €33,516 | +€27,466 | +454% |
| Other amounts receivable | 41 | €56,748 | €37,992 | -€18,756 | -33.1% |
| Cash at bank and in hand | 54/58 | €17,250 | €17,025 | -€225 | -1.3% |
| Deferred charges and accrued income | 490/1 | €3,096 | €1,422 | -€1,674 | -54.1% |
| Total equity and liabilities | 10/49 | €98,596 | €113,564 | +€14,969 | +15.2% |
| Equity | 10/15 | €40,983 | €54,549 | +€13,567 | +33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,383 | €35,949 | +€13,567 | +60.6% |
| Distributable reserves | 133 | €22,383 | €35,949 | +€13,567 | +60.6% |
| Amounts payable | 17/49 | €57,613 | €59,015 | +€1,402 | +2.4% |
| Amounts payable within one year | 42/48 | €57,613 | €59,015 | +€1,402 | +2.4% |
| Trade debts | 44 | €9,154 | €18,457 | +€9,303 | +102% |
| Suppliers | 440/4 | €9,154 | €18,457 | +€9,303 | +102% |
| Advances received on contracts in progress | 46 | - | €3,146 | +€3,146 | |
| Taxes, remuneration and social security | 45 | €13,185 | €15,393 | +€2,208 | +16.7% |
| Taxes | 450/3 | €6,528 | €6,220 | -€308 | -4.7% |
| Remuneration and social security | 454/9 | €6,657 | €9,173 | +€2,516 | +37.8% |
| Other amounts payable | 47/48 | €35,274 | €22,020 | -€13,255 | -37.6% |
| Remuneration, social security and pensions | 62 | €71,106 | €66,133 | -€4,973 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €1,340 | +€604 | +82.0% |
| Other operating charges | 640/8 | €998 | €1,481 | +€483 | +48.4% |
| Gross operating margin | 9900 | €96,070 | €88,214 | -€7,857 | -8.2% |
| Operating profit (loss) | 9901 | €23,230 | €19,259 | -€3,971 | -17.1% |
| Financial income | 75/76B | €12 | €404 | +€393 | +3,353% |
| Recurring financial income | 75 | €12 | €404 | +€393 | +3,353% |
| Financial charges | 65/66B | €412 | €683 | +€270 | +65.6% |
| Recurring financial charges | 65 | €412 | €683 | +€270 | +65.6% |
| Profit (loss) for the period before taxes | 9903 | €22,829 | €18,981 | -€3,848 | -16.9% |
| Income taxes | 67/77 | €150 | €5,414 | +€5,264 | +3,510% |
| Profit (loss) for the period | 9904 | €22,679 | €13,567 | -€9,113 | -40.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,679 | €13,567 | -€9,113 | -40.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.