DEN MOOR: 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.
What changed
DEN MOOR
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€68,390
2024 · -€46,772-€21,618
Equity
€179,877
2024 · €248,267-€68,390
Cash
€13,354
2024 · €5,114+€8,240
Balance sheet total
€2.2m
2024 · €1.6m+€568,897
Largest movements
Assets
- Tangible fixed assets +€556,905
up €556,905 (+34.4%), from €1.6m to €2.2m
of which Land and buildings: +€552,969
Equity and liabilities
- Debts after one year +€653,477
up €653,477 (+85.8%), from €761,674 to €1.4m
- Profit (loss) carried forward -€65,586
down €65,586 (-80.3%), from -€81,718 to -€147,303
- Trade debts -€56,904
down €56,904 (-48.1%), from €118,337 to €61,433
- Current portion of long-term debt +€31,764
up €31,764 (+49.3%), from €64,465 to €96,228
Income statement
- Gross operating margin +€56,276
up €56,276 (+116%), from €48,334 to €104,609
- Depreciation +€45,563
up €45,563 (+65.9%), from €69,180 to €114,743
- Financial charges +€33,152
up €33,152 (+140%), from €23,644 to €56,796
- Other operating charges -€1,396
down €1,396 (-28.2%), from €4,948 to €3,552
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.
Result 2024
-€46,772
Gross operating margin
+€56,276
Depreciation
-€45,563
Other operating charges
+€1,396
Financial income
-€573
Financial charges
-€33,152
Taxes
-€3
Result 2025
-€68,390
raises the resultlowers the result
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.
From operations
-€5,352
Investment
-€671,648
Financing
+€685,241
Cash 2024
€5,114
From operations (derived)
-€5,352
Net result for the year
-€68,390
Depreciation
+€114,743
Receivables within one year
-€4,873
Smaller working-capital items
-€28
Trade debts
-€56,904
Other debts
+€10,099
Investment (derived)
-€671,648
Investment in fixed assets (net)
-€671,648
Financing
+€685,241
Debts after one year
+€653,477
Current portion of long-term debt
+€31,764
Cash 2025
€13,354
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,646,194 | €2,215,091 | +€568,897 | +34.6% |
| Fixed assets | 21/28 | €1,619,147 | €2,176,052 | +€556,905 | +34.4% |
| Tangible fixed assets | 22/27 | €1,619,147 | €2,176,052 | +€556,905 | +34.4% |
| Land and buildings | 22 | €1,600,544 | €2,153,513 | +€552,969 | +34.5% |
| Plant, machinery and equipment | 23 | €15,730 | €19,473 | +€3,743 | +23.8% |
| Other tangible fixed assets | 26 | €2,873 | €3,066 | +€192 | +6.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €27,047 | €39,039 | +€11,992 | +44.3% |
| Amounts receivable within one year | 40/41 | €20,000 | €24,873 | +€4,873 | +24.4% |
| Trade receivables | 40 | €0 | €15,873 | +€15,873 | |
| Other amounts receivable | 41 | €20,000 | €9,000 | -€11,000 | -55.0% |
| Cash at bank and in hand | 54/58 | €5,114 | €13,354 | +€8,240 | +161% |
| Deferred charges and accrued income | 490/1 | €1,933 | €812 | -€1,121 | -58.0% |
| Total equity and liabilities | 10/49 | €1,646,194 | €2,215,091 | +€568,897 | +34.6% |
| Equity | 10/15 | €248,267 | €179,877 | -€68,390 | -27.5% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | €37,184 | = | 0.0% |
| Issued capital | 100 | €37,184 | €37,184 | = | 0.0% |
| Revaluation surpluses | 12 | €256,631 | €256,631 | = | 0.0% |
| Reserves | 13 | €36,170 | €33,366 | -€2,804 | -7.8% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,767 | €23,963 | -€2,804 | -10.5% |
| Distributable reserves | 133 | €5,684 | €5,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,718 | -€147,303 | -€65,586 | -80.3% |
| Provisions and deferred taxes | 16 | €8,922 | €7,988 | -€935 | -10.5% |
| Deferred taxes | 168 | €8,922 | €7,988 | -€935 | -10.5% |
| Amounts payable | 17/49 | €1,389,004 | €2,027,226 | +€638,222 | +45.9% |
| Amounts payable after more than one year | 17 | €761,674 | €1,415,151 | +€653,477 | +85.8% |
| Financial debts | 170/4 | €761,674 | €1,415,151 | +€653,477 | +85.8% |
| Amounts payable within one year | 42/48 | €627,330 | €612,075 | -€15,255 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €64,465 | €96,228 | +€31,764 | +49.3% |
| Trade debts | 44 | €118,337 | €61,433 | -€56,904 | -48.1% |
| Suppliers | 440/4 | €118,337 | €61,433 | -€56,904 | -48.1% |
| Taxes, remuneration and social security | 45 | €214 | €0 | -€214 | -100% |
| Taxes | 450/3 | €214 | €0 | -€214 | -100% |
| Other amounts payable | 47/48 | €444,314 | €454,413 | +€10,099 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,180 | €114,743 | +€45,563 | +65.9% |
| Other operating charges | 640/8 | €4,948 | €3,552 | -€1,396 | -28.2% |
| Gross operating margin | 9900 | €48,334 | €104,609 | +€56,276 | +116% |
| Operating profit (loss) | 9901 | -€25,795 | -€13,686 | +€12,109 | +46.9% |
| Financial income | 75/76B | €1,732 | €1,160 | -€573 | -33.1% |
| Recurring financial income | 75 | €1,732 | €1,160 | -€573 | -33.1% |
| Financial charges | 65/66B | €23,644 | €56,796 | +€33,152 | +140% |
| Recurring financial charges | 65 | €23,644 | €56,796 | +€33,152 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€47,706 | -€69,322 | -€21,616 | -45.3% |
| Transfer from deferred taxes | 780 | €935 | €935 | = | 0.0% |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€46,772 | -€68,390 | -€21,618 | -46.2% |
| Transfer from tax-exempt reserves | 789 | €2,804 | €2,804 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,968 | -€65,586 | -€21,618 | -49.2% |
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 30 October 2026 via checked.be.