DENA POWER: 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 POWER
Largest movements
- Cash +€53,446
up €53,446 (+385.7%), from €13,858 to €67,304
mainly Receivables within one year (+€27,975) and Net result for the year (+€19,348)
- Tangible fixed assets +€32,685
up €32,685 (+1529.9%), from €2,136 to €34,821
- Receivables within one year -€27,975
down €27,975 (-83.8%), from €33,373 to €5,398
of which Trade receivables: -€29,707
- Stocks and contracts -€5,000
down €5,000 (-67.8%), from €7,374 to €2,374
- Profit (loss) carried forward +€19,348
up €19,348 (+100.5%), from €19,245 to €38,593
- Current portion of long-term debt +€13,942
new in 2025: €13,942
- Other debts +€5,838
up €5,838 (+18.7%), from €31,281 to €37,119
- Tax, wage and social debts +€5,449
up €5,449 (+544.9%), from €1,000 to €6,449
- Trade debts +€5,141
up €5,141 (+2386.9%), from €215 to €5,356
- Gross operating margin +€38,494
up €38,494 (+294.2%), from €13,084 to €51,578
- Staff costs +€9,199
new in 2025: €9,199
- Depreciation +€9,188
up €9,188 (+819.1%), from €1,122 to €10,310
- Taxes +€8,757
up €8,757 (+875.7%), from €1,000 to €9,757
- Other operating charges +€1,875
up €1,875 (+3023.5%), from €62 to €1,937
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
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 | €56,741 | €109,911 | +€53,170 | +93.7% |
| Fixed assets | 21/28 | €2,136 | €34,821 | +€32,685 | +1529.9% |
| Tangible fixed assets | 22/27 | €2,136 | €34,821 | +€32,685 | +1529.9% |
| Furniture and vehicles | 24 | €2,136 | €34,821 | +€32,685 | +1529.9% |
| Current assets | 29/58 | €54,605 | €75,090 | +€20,485 | +37.5% |
| Stocks and contracts in progress | 3 | €7,374 | €2,374 | -€5,000 | -67.8% |
| Stocks | 30/36 | €7,374 | €2,374 | -€5,000 | -67.8% |
| Amounts receivable within one year | 40/41 | €33,373 | €5,398 | -€27,975 | -83.8% |
| Trade receivables | 40 | €30,210 | €504 | -€29,707 | -98.3% |
| Other amounts receivable | 41 | €3,163 | €4,895 | +€1,731 | +54.7% |
| Cash at bank and in hand | 54/58 | €13,858 | €67,304 | +€53,446 | +385.7% |
| Deferred charges and accrued income | 490/1 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €56,741 | €109,911 | +€53,170 | +93.7% |
| Equity | 10/15 | €24,245 | €43,593 | +€19,348 | +79.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,245 | €38,593 | +€19,348 | +100.5% |
| Amounts payable | 17/49 | €32,496 | €66,318 | +€33,822 | +104.1% |
| Amounts payable after more than one year | 17 | - | €3,451 | +€3,451 | |
| Financial debts | 170/4 | - | €3,451 | +€3,451 | |
| Amounts payable within one year | 42/48 | €32,496 | €62,867 | +€30,371 | +93.5% |
| Current portion of amounts payable after more than one year | 42 | - | €13,942 | +€13,942 | |
| Trade debts | 44 | €215 | €5,356 | +€5,141 | +2386.9% |
| Suppliers | 440/4 | €215 | €5,356 | +€5,141 | +2386.9% |
| Taxes, remuneration and social security | 45 | €1,000 | €6,449 | +€5,449 | +544.9% |
| Taxes | 450/3 | €1,000 | €6,449 | +€5,449 | +544.9% |
| Other amounts payable | 47/48 | €31,281 | €37,119 | +€5,838 | +18.7% |
| Remuneration, social security and pensions | 62 | - | €9,199 | +€9,199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €10,310 | +€9,188 | +819.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €169 | +€169 | |
| Other operating charges | 640/8 | €62 | €1,937 | +€1,875 | +3023.5% |
| Gross operating margin | 9900 | €13,084 | €51,578 | +€38,494 | +294.2% |
| Operating profit (loss) | 9901 | €11,900 | €29,964 | +€18,064 | +151.8% |
| Financial income | 75/76B | €0 | €6 | +€5 | +4575.0% |
| Recurring financial income | 75 | €0 | €6 | +€5 | +4575.0% |
| Financial charges | 65/66B | €186 | €865 | +€679 | +365.7% |
| Recurring financial charges | 65 | €186 | €865 | +€679 | +365.7% |
| Profit (loss) for the period before taxes | 9903 | €11,715 | €29,105 | +€17,390 | +148.4% |
| Income taxes | 67/77 | €1,000 | €9,757 | +€8,757 | +875.7% |
| Profit (loss) for the period | 9904 | €10,715 | €19,348 | +€8,633 | +80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,715 | €19,348 | +€8,633 | +80.6% |
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 9 October 2026 via checked.be.