DENAEGHEL: what changed
What changed
DENAEGHEL
NACE 46.319, Wholesale of fruit and vegetables, excluding potatoes
filed annual accounts (NBB)
Net result for the year
-€501,858
2025 · -€399,570-€102,288
Equity
-€336,949
2025 · €164,909-€501,858
Cash
€31,838
2025 · €43,611-€11,773
Balance sheet total
€1.1m
2025 · €1.4m-€287,581
Largest movements
Assets
- Receivables within one year -€185,775
down €185,775 (-37.9%), from €490,482 to €304,707
of which Trade receivables: -€194,769
- Tangible fixed assets -€44,127
down €44,127 (-8.5%), from €522,115 to €477,988
- Stocks and contracts -€34,101
down €34,101 (-17.7%), from €192,851 to €158,750
Equity and liabilities
- Current portion of long-term debt +€585,504
up €585,504 (+3,022%), from €19,373 to €604,877
- Profit (loss) carried forward -€501,858
down €501,858 (-403%), from -€124,415 to -€626,273
- Trade debts -€343,452
down €343,452 (-45.4%), from €756,457 to €413,005
- Other debts -€24,000
down €24,000 (-12.8%), from €187,000 to €163,000
Income statement
- Gross operating margin -€142,620
down €142,620 (-27.8%), from €513,527 to €370,907
- Staff costs -€48,342
down €48,342 (-6.2%), from €785,932 to €737,590
- Financial charges +€18,834
up €18,834 (+137%), from €13,745 to €32,579
- Depreciation -€7,963
down €7,963 (-12.3%), from €64,526 to €56,563
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€399,570
Gross operating margin
-€142,620
Staff costs
+€48,342
Depreciation
+€7,963
Other operating charges
+€3,226
Financial income
+€60
Financial charges
-€18,834
Taxes
-€425
Result 2026
-€501,858
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€596,511
Investment
+€64
Financing
+€584,673
Cash 2025
€43,611
From operations (derived)
-€596,511
Net result for the year
-€501,858
Depreciation
+€56,563
Stocks and contracts
+€34,101
Receivables within one year
+€185,775
Deferred charges and accrued income
-€695
Trade debts
-€343,452
Tax, wage and social debts
-€2,943
Other debts
-€24,000
Investment (derived)
+€64
Investment in fixed assets (net)
+€64
Financing
+€584,673
Debts after one year
-€4,877
Current portion of long-term debt
+€585,504
Short-term financial debts
+€4,046
Cash 2026
€31,838
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,355,313 | €1,067,732 | -€287,581 | -21.2% |
| Formation expenses | 20 | €100,000 | €87,500 | -€12,500 | -12.5% |
| Fixed assets | 21/28 | €522,115 | €477,988 | -€44,127 | -8.5% |
| Tangible fixed assets | 22/27 | €522,115 | €477,988 | -€44,127 | -8.5% |
| Land and buildings | 22 | €396,605 | €395,000 | -€1,605 | -0.4% |
| Plant, machinery and equipment | 23 | €17,450 | €10,785 | -€6,665 | -38.2% |
| Furniture and vehicles | 24 | €55,632 | €35,953 | -€19,679 | -35.4% |
| Leasing and similar rights | 25 | €52,429 | €36,250 | -€16,179 | -30.9% |
| Current assets | 29/58 | €733,198 | €502,244 | -€230,954 | -31.5% |
| Stocks and contracts in progress | 3 | €192,851 | €158,750 | -€34,101 | -17.7% |
| Stocks | 30/36 | €192,851 | €158,750 | -€34,101 | -17.7% |
| Amounts receivable within one year | 40/41 | €490,482 | €304,707 | -€185,775 | -37.9% |
| Trade receivables | 40 | €481,073 | €286,304 | -€194,769 | -40.5% |
| Other amounts receivable | 41 | €9,409 | €18,403 | +€8,994 | +95.6% |
| Cash at bank and in hand | 54/58 | €43,611 | €31,838 | -€11,773 | -27.0% |
| Deferred charges and accrued income | 490/1 | €6,254 | €6,949 | +€695 | +11.1% |
| Total equity and liabilities | 10/49 | €1,355,313 | €1,067,732 | -€287,581 | -21.2% |
| Equity | 10/15 | €164,909 | -€336,949 | -€501,858 | |
| Contributions | 10/11 | €270,000 | €270,000 | = | 0.0% |
| Capital | 10 | €270,000 | €270,000 | = | 0.0% |
| Issued capital | 100 | €270,000 | €270,000 | = | 0.0% |
| Reserves | 13 | €19,324 | €19,324 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,250 | €16,250 | = | 0.0% |
| Legal reserve | 130 | €16,250 | €16,250 | = | 0.0% |
| Distributable reserves | 133 | €3,074 | €3,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,415 | -€626,273 | -€501,858 | -403% |
| Amounts payable | 17/49 | €1,190,404 | €1,404,681 | +€214,277 | +18.0% |
| Amounts payable after more than one year | 17 | €4,877 | - | -€4,877 | |
| Financial debts | 170/4 | €4,877 | - | -€4,877 | |
| Amounts payable within one year | 42/48 | €1,185,527 | €1,404,681 | +€219,154 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €19,373 | €604,877 | +€585,504 | +3,022% |
| Financial debts | 43 | €119,123 | €123,169 | +€4,046 | +3.4% |
| Credit institutions | 430/8 | €119,123 | €123,169 | +€4,046 | +3.4% |
| Trade debts | 44 | €756,457 | €413,005 | -€343,452 | -45.4% |
| Suppliers | 440/4 | €756,457 | €413,005 | -€343,452 | -45.4% |
| Taxes, remuneration and social security | 45 | €103,574 | €100,631 | -€2,943 | -2.8% |
| Taxes | 450/3 | €13,406 | €26,403 | +€12,997 | +96.9% |
| Remuneration and social security | 454/9 | €90,168 | €74,227 | -€15,940 | -17.7% |
| Other amounts payable | 47/48 | €187,000 | €163,000 | -€24,000 | -12.8% |
| Remuneration, social security and pensions | 62 | €785,932 | €737,590 | -€48,342 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,526 | €56,563 | -€7,963 | -12.3% |
| Other operating charges | 640/8 | €48,370 | €45,145 | -€3,226 | -6.7% |
| Gross operating margin | 9900 | €513,527 | €370,907 | -€142,620 | -27.8% |
| Operating profit (loss) | 9901 | -€385,302 | -€468,391 | -€83,089 | -21.6% |
| Financial income | 75/76B | €2 | €62 | +€60 | +2,760% |
| Recurring financial income | 75 | €2 | €62 | +€60 | +2,760% |
| Financial charges | 65/66B | €13,745 | €32,579 | +€18,834 | +137% |
| Recurring financial charges | 65 | €13,745 | €32,579 | +€18,834 | +137% |
| Profit (loss) for the period before taxes | 9903 | -€399,044 | -€500,908 | -€101,864 | -25.5% |
| Income taxes | 67/77 | €526 | €950 | +€425 | +80.8% |
| Profit (loss) for the period | 9904 | -€399,570 | -€501,858 | -€102,288 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€399,570 | -€501,858 | -€102,288 | -25.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.