Dén Dùster: 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.
Dén Dùster
Largest movements
- Stocks and contracts -€57,213
no longer reported in 2025 (was €57,213)
- Receivables within one year -€21,115
down €21,115 (-4.0%), from €525,230 to €504,115
of which Trade receivables: -€10,849
- Tangible fixed assets -€18,122
down €18,122 (-23.6%), from €76,683 to €58,561
of which Furniture and vehicles: -€11,172
- Cash +€12,358
up €12,358 (+3,417%), from €362 to €12,720
mainly Stocks and contracts (+€57,213) and Depreciation (+€22,881)
- Trade debts -€56,686
down €56,686 (-56.7%), from €100,027 to €43,341
- Profit (loss) carried forward -€12,779
down €12,779 (-10.6%), from €120,165 to €107,385
- Debts after one year -€9,164
down €9,164 (-17.9%), from €51,206 to €42,042
- Gross operating margin -€41,803
down €41,803 (-47.3%), from €88,441 to €46,638
- Financial charges -€20,966
down €20,966 (-50.7%), from €41,332 to €20,366
- Other operating charges +€4,538
up €4,538 (+38.9%), from €11,666 to €16,204
- Depreciation +€3,899
up €3,899 (+20.5%), from €18,982 to €22,881
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 | €662,960 | €579,423 | -€83,537 | -12.6% |
| Fixed assets | 21/28 | €76,856 | €58,734 | -€18,122 | -23.6% |
| Tangible fixed assets | 22/27 | €76,683 | €58,561 | -€18,122 | -23.6% |
| Plant, machinery and equipment | 23 | €28,867 | €21,917 | -€6,950 | -24.1% |
| Furniture and vehicles | 24 | €47,817 | €36,644 | -€11,172 | -23.4% |
| Financial fixed assets | 28 | €173 | €173 | = | 0.0% |
| Current assets | 29/58 | €586,104 | €520,689 | -€65,414 | -11.2% |
| Stocks and contracts in progress | 3 | €57,213 | - | -€57,213 | |
| Contracts in progress | 37 | €57,213 | - | -€57,213 | |
| Amounts receivable within one year | 40/41 | €525,230 | €504,115 | -€21,115 | -4.0% |
| Trade receivables | 40 | €39,256 | €28,407 | -€10,849 | -27.6% |
| Other amounts receivable | 41 | €485,974 | €475,708 | -€10,266 | -2.1% |
| Cash at bank and in hand | 54/58 | €362 | €12,720 | +€12,358 | +3,417% |
| Deferred charges and accrued income | 490/1 | €3,299 | €3,855 | +€555 | +16.8% |
| Total equity and liabilities | 10/49 | €662,960 | €579,423 | -€83,537 | -12.6% |
| Equity | 10/15 | €381,761 | €368,982 | -€12,779 | -3.3% |
| Contributions | 10/11 | €193,171 | €193,171 | = | 0.0% |
| Reserves | 13 | €68,426 | €68,426 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,817 | €6,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,817 | €6,817 | = | 0.0% |
| Distributable reserves | 133 | €61,609 | €61,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,165 | €107,385 | -€12,779 | -10.6% |
| Amounts payable | 17/49 | €281,199 | €210,441 | -€70,757 | -25.2% |
| Amounts payable after more than one year | 17 | €51,206 | €42,042 | -€9,164 | -17.9% |
| Financial debts | 170/4 | €51,206 | €42,042 | -€9,164 | -17.9% |
| Amounts payable within one year | 42/48 | €229,992 | €168,399 | -€61,593 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €27,219 | €25,164 | -€2,055 | -7.5% |
| Financial debts | 43 | €102,747 | €99,894 | -€2,853 | -2.8% |
| Credit institutions | 430/8 | €102,747 | €99,894 | -€2,853 | -2.8% |
| Trade debts | 44 | €100,027 | €43,341 | -€56,686 | -56.7% |
| Suppliers | 440/4 | €100,027 | €43,341 | -€56,686 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,982 | €22,881 | +€3,899 | +20.5% |
| Other operating charges | 640/8 | €11,666 | €16,204 | +€4,538 | +38.9% |
| Gross operating margin | 9900 | €88,441 | €46,638 | -€41,803 | -47.3% |
| Operating profit (loss) | 9901 | €57,793 | €7,553 | -€50,240 | -86.9% |
| Financial income | 75/76B | €39 | €34 | -€5 | -13.1% |
| Recurring financial income | 75 | €39 | €34 | -€5 | -13.1% |
| Financial charges | 65/66B | €41,332 | €20,366 | -€20,966 | -50.7% |
| Recurring financial charges | 65 | €41,332 | €20,366 | -€20,966 | -50.7% |
| Profit (loss) for the period before taxes | 9903 | €16,499 | -€12,779 | -€29,279 | |
| Profit (loss) for the period | 9904 | €16,499 | -€12,779 | -€29,279 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,499 | -€12,779 | -€29,279 |
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 18 October 2026 via checked.be.