Denacx: 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.
Denacx
Largest movements
- Cash +€2,523
up €2,523 (+14.2%), from €17,827 to €20,350
mainly Net result for the year (+€4,938) and Other debts (+€4,186)
- Tangible fixed assets -€1,503
down €1,503 (-23.9%), from €6,300 to €4,796
- Formation expenses -€417
down €417 (-66.3%), from €628 to €212
- Trade debts -€9,334
down €9,334 (-42.2%), from €22,128 to €12,793
- Profit (loss) carried forward +€4,938
up €4,938 (+69.4%), from €7,113 to €12,051
- Other debts +€4,186
up €4,186 (+276.4%), from €1,514 to €5,700
- Tax, wage and social debts +€813
new in 2025: €813
- Taxes +€3,614
new in 2025: €3,614
- Gross operating margin +€2,408
up €2,408 (+27.1%), from €8,902 to €11,310
- Depreciation +€1,004
up €1,004 (+109.6%), from €916 to €1,920
- Staff costs -€359
down €359 (-48.1%), from €746 to €387
- Other operating charges +€165
up €165 (+130.6%), from €126 to €291
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 | €40,755 | €41,358 | +€603 | +1.5% |
| Formation expenses | 20 | €628 | €212 | -€417 | -66.3% |
| Fixed assets | 21/28 | €6,300 | €4,796 | -€1,503 | -23.9% |
| Tangible fixed assets | 22/27 | €6,300 | €4,796 | -€1,503 | -23.9% |
| Land and buildings | 22 | €3,448 | €2,927 | -€521 | -15.1% |
| Plant, machinery and equipment | 23 | €1,188 | €788 | -€400 | -33.6% |
| Furniture and vehicles | 24 | €1,664 | €1,081 | -€583 | -35.0% |
| Current assets | 29/58 | €33,827 | €36,350 | +€2,523 | +7.5% |
| Amounts receivable within one year | 40/41 | €16,000 | €16,000 | = | 0.0% |
| Trade receivables | 40 | €16,000 | €16,000 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €17,827 | €20,350 | +€2,523 | +14.2% |
| Total equity and liabilities | 10/49 | €40,755 | €41,358 | +€603 | +1.5% |
| Equity | 10/15 | €17,113 | €22,051 | +€4,938 | +28.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,113 | €12,051 | +€4,938 | +69.4% |
| Amounts payable | 17/49 | €23,642 | €19,307 | -€4,335 | -18.3% |
| Amounts payable within one year | 42/48 | €23,642 | €19,307 | -€4,335 | -18.3% |
| Trade debts | 44 | €22,128 | €12,793 | -€9,334 | -42.2% |
| Suppliers | 440/4 | €22,128 | €12,793 | -€9,334 | -42.2% |
| Taxes, remuneration and social security | 45 | - | €813 | +€813 | |
| Taxes | 450/3 | - | €813 | +€813 | |
| Other amounts payable | 47/48 | €1,514 | €5,700 | +€4,186 | +276.4% |
| Remuneration, social security and pensions | 62 | €746 | €387 | -€359 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €1,920 | +€1,004 | +109.6% |
| Other operating charges | 640/8 | €126 | €291 | +€165 | +130.6% |
| Gross operating margin | 9900 | €8,902 | €11,310 | +€2,408 | +27.1% |
| Operating profit (loss) | 9901 | €7,113 | €8,712 | +€1,599 | +22.5% |
| Financial charges | 65/66B | - | €159 | +€159 | |
| Recurring financial charges | 65 | - | €159 | +€159 | |
| Profit (loss) for the period before taxes | 9903 | €7,113 | €8,553 | +€1,440 | +20.2% |
| Income taxes | 67/77 | - | €3,614 | +€3,614 | |
| Profit (loss) for the period | 9904 | €7,113 | €4,938 | -€2,175 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,113 | €4,938 | -€2,175 | -30.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.