DENAKRI: what changed
Two fiscal 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.
DENAKRI
Largest movements
- Receivables within one year +€53,145
up €53,145 (+14.1%), from €376,551 to €429,696
of which Other amounts receivable: +€36,447
- Tangible fixed assets -€24,386
down €24,386 (-5.1%), from €475,626 to €451,240
of which Land and buildings: -€22,216
- Cash -€21,325
down €21,325 (-84.0%), from €25,383 to €4,058
mainly Receivables within one year (-€53,145) and Debts after one year (-€27,837)
- Profit (loss) carried forward +€32,038
up €32,038 (+11.7%), from €273,795 to €305,833
- Debts after one year -€27,837
down €27,837 (-7.8%), from €357,702 to €329,865
- Gross operating margin +€5,404
up €5,404 (+6.5%), from €83,631 to €89,035
- Taxes +€4,308
up €4,308 (+42.1%), from €10,232 to €14,540
- Financial charges -€2,342
down €2,342 (-11.5%), from €20,399 to €18,057
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 | €1,087,010 | €1,094,444 | +€7,434 | +0.7% |
| Fixed assets | 21/28 | €685,076 | €660,690 | -€24,386 | -3.6% |
| Tangible fixed assets | 22/27 | €475,626 | €451,240 | -€24,386 | -5.1% |
| Land and buildings | 22 | €471,939 | €449,723 | -€22,216 | -4.7% |
| Plant, machinery and equipment | 23 | €2,788 | €1,217 | -€1,571 | -56.3% |
| Furniture and vehicles | 24 | €899 | €300 | -€599 | -66.6% |
| Financial fixed assets | 28 | €209,450 | €209,450 | = | 0.0% |
| Current assets | 29/58 | €401,934 | €433,754 | +€31,820 | +7.9% |
| Amounts receivable within one year | 40/41 | €376,551 | €429,696 | +€53,145 | +14.1% |
| Trade receivables | 40 | - | €16,698 | +€16,698 | |
| Other amounts receivable | 41 | €376,551 | €412,998 | +€36,447 | +9.7% |
| Cash at bank and in hand | 54/58 | €25,383 | €4,058 | -€21,325 | -84.0% |
| Total equity and liabilities | 10/49 | €1,087,010 | €1,094,444 | +€7,434 | +0.7% |
| Equity | 10/15 | €482,187 | €511,545 | +€29,358 | +6.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €133,392 | €130,712 | -€2,680 | -2.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €125,892 | €123,212 | -€2,680 | -2.1% |
| Profit (loss) carried forward | 14 | €273,795 | €305,833 | +€32,038 | +11.7% |
| Provisions and deferred taxes | 16 | €28,631 | €27,738 | -€893 | -3.1% |
| Deferred taxes | 168 | €28,631 | €27,738 | -€893 | -3.1% |
| Amounts payable | 17/49 | €576,192 | €555,161 | -€21,031 | -3.6% |
| Amounts payable after more than one year | 17 | €357,702 | €329,865 | -€27,837 | -7.8% |
| Financial debts | 170/4 | €357,702 | €329,865 | -€27,837 | -7.8% |
| Amounts payable within one year | 42/48 | €218,490 | €225,296 | +€6,806 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €67,240 | €62,837 | -€4,403 | -6.5% |
| Trade debts | 44 | €35,922 | €37,321 | +€1,399 | +3.9% |
| Suppliers | 440/4 | €35,922 | €37,321 | +€1,399 | +3.9% |
| Taxes, remuneration and social security | 45 | €21,131 | €24,250 | +€3,119 | +14.8% |
| Taxes | 450/3 | €21,131 | €24,250 | +€3,119 | +14.8% |
| Other amounts payable | 47/48 | €94,197 | €100,888 | +€6,691 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,213 | €24,386 | +€173 | +0.7% |
| Other operating charges | 640/8 | €4,289 | €4,187 | -€102 | -2.4% |
| Gross operating margin | 9900 | €83,631 | €89,035 | +€5,404 | +6.5% |
| Operating profit (loss) | 9901 | €55,129 | €60,462 | +€5,333 | +9.7% |
| Financial income | 75/76B | €1,608 | €1,600 | -€8 | -0.5% |
| Recurring financial income | 75 | €1,608 | €1,600 | -€8 | -0.5% |
| Financial charges | 65/66B | €20,399 | €18,057 | -€2,342 | -11.5% |
| Recurring financial charges | 65 | €20,399 | €18,057 | -€2,342 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €36,338 | €44,005 | +€7,667 | +21.1% |
| Transfer from deferred taxes | 780 | €893 | €893 | = | 0.0% |
| Income taxes | 67/77 | €10,232 | €14,540 | +€4,308 | +42.1% |
| Profit (loss) for the period | 9904 | €26,999 | €30,358 | +€3,359 | +12.4% |
| Transfer from tax-exempt reserves | 789 | €2,680 | €2,680 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,679 | €33,038 | +€3,359 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.