DENA CONSULT: 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.
DENA CONSULT
Largest movements
- Receivables within one year +€45,062
up €45,062 (+10.5%), from €430,073 to €475,135
of which Other amounts receivable: +€145,945
- Tangible fixed assets -€16,360
down €16,360 (-54.1%), from €30,214 to €13,854
of which Land and buildings: -€12,562
- Profit (loss) carried forward +€29,614
up €29,614 (+8.6%), from €343,340 to €372,954
- Tax, wage and social debts -€6,426
down €6,426 (-48.7%), from €13,193 to €6,767
- Current portion of long-term debt +€6,000
new in 2025: €6,000
- Taxes +€19,608
up €19,608 (+172.0%), from €11,400 to €31,008
- Gross operating margin +€10,382
up €10,382 (+13.2%), from €78,712 to €89,094
- Other operating charges +€3,743
up €3,743 (+146.4%), from €2,557 to €6,300
- Financial charges +€921
up €921 (+24.3%), from €3,792 to €4,713
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €535,650 | €564,352 | +€28,702 | +5.4% |
| Fixed assets | 21/28 | €98,077 | €81,717 | -€16,360 | -16.7% |
| Tangible fixed assets | 22/27 | €30,214 | €13,854 | -€16,360 | -54.1% |
| Land and buildings | 22 | €17,765 | €5,203 | -€12,562 | -70.7% |
| Plant, machinery and equipment | 23 | €570 | - | -€570 | |
| Furniture and vehicles | 24 | €11,879 | €8,651 | -€3,228 | -27.2% |
| Financial fixed assets | 28 | €67,863 | €67,863 | = | 0.0% |
| Current assets | 29/58 | €437,573 | €482,635 | +€45,062 | +10.3% |
| Amounts receivable within one year | 40/41 | €430,073 | €475,135 | +€45,062 | +10.5% |
| Trade receivables | 40 | €103,101 | €2,218 | -€100,883 | -97.8% |
| Other amounts receivable | 41 | €326,972 | €472,917 | +€145,945 | +44.6% |
| Current investments | 50/53 | €7,500 | €7,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €535,650 | €564,352 | +€28,702 | +5.4% |
| Equity | 10/15 | €411,510 | €441,124 | +€29,614 | +7.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,340 | €372,954 | +€29,614 | +8.6% |
| Provisions and deferred taxes | 16 | €104,553 | €104,553 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €104,553 | €104,553 | = | 0.0% |
| Pensions and similar obligations | 160 | €104,553 | €104,553 | = | 0.0% |
| Amounts payable | 17/49 | €19,587 | €18,675 | -€912 | -4.7% |
| Amounts payable within one year | 42/48 | €19,587 | €14,758 | -€4,829 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,000 | +€6,000 | |
| Financial debts | 43 | €2,497 | €995 | -€1,502 | -60.2% |
| Credit institutions | 430/8 | €2,497 | €995 | -€1,502 | -60.2% |
| Trade debts | 44 | €3,897 | €996 | -€2,901 | -74.4% |
| Suppliers | 440/4 | €3,897 | €996 | -€2,901 | -74.4% |
| Taxes, remuneration and social security | 45 | €13,193 | €6,767 | -€6,426 | -48.7% |
| Taxes | 450/3 | €13,193 | €6,767 | -€6,426 | -48.7% |
| Accrued charges and deferred income | 492/3 | - | €3,917 | +€3,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,275 | €17,460 | +€185 | +1.1% |
| Other operating charges | 640/8 | €2,557 | €6,300 | +€3,743 | +146.4% |
| Gross operating margin | 9900 | €78,712 | €89,094 | +€10,382 | +13.2% |
| Operating profit (loss) | 9901 | €58,880 | €65,334 | +€6,454 | +11.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,792 | €4,713 | +€921 | +24.3% |
| Recurring financial charges | 65 | €3,792 | €4,713 | +€921 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €55,088 | €60,622 | +€5,534 | +10.0% |
| Income taxes | 67/77 | €11,400 | €31,008 | +€19,608 | +172.0% |
| Profit (loss) for the period | 9904 | €43,688 | €29,614 | -€14,074 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €43,688 | €29,614 | -€14,074 | -32.2% |
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 10 October 2026 via checked.be.