Denauro: 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.
Denauro
Largest movements
- Cash +€26,382
up €26,382 (+55.4%), from €47,662 to €74,044
mainly Other debts (+€69,324) and Net result for the year (+€25,394)
- Receivables within one year +€6,349
up €6,349 (+41.6%), from €15,274 to €21,623
of which Trade receivables: +€8,221
- Tangible fixed assets -€3,671
down €3,671 (-40.9%), from €8,969 to €5,297
of which Furniture and vehicles: -€3,499
- Other debts +€69,324
up €69,324 (+646.7%), from €10,720 to €80,044
- Reserves -€53,761
down €53,761 (-100.0%), from €53,761 to €0
- Tax, wage and social debts +€11,465
up €11,465 (+6606.0%), from €174 to €11,638
of which Taxes: +€9,108
- Trade debts +€2,179
up €2,179 (+219.2%), from €994 to €3,173
- Gross operating margin +€17,171
up €17,171 (+80.3%), from €21,380 to €38,551
- Taxes +€4,009
up €4,009 (+100.8%), from €3,979 to €7,989
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 | €76,439 | €105,549 | +€29,110 | +38.1% |
| Fixed assets | 21/28 | €8,969 | €5,297 | -€3,671 | -40.9% |
| Tangible fixed assets | 22/27 | €8,969 | €5,297 | -€3,671 | -40.9% |
| Plant, machinery and equipment | 23 | €288 | €115 | -€172 | -59.9% |
| Furniture and vehicles | 24 | €8,681 | €5,182 | -€3,499 | -40.3% |
| Current assets | 29/58 | €67,471 | €100,252 | +€32,781 | +48.6% |
| Stocks and contracts in progress | 3 | €3,494 | €3,527 | +€34 | +1.0% |
| Stocks | 30/36 | €3,494 | €3,527 | +€34 | +1.0% |
| Amounts receivable within one year | 40/41 | €15,274 | €21,623 | +€6,349 | +41.6% |
| Trade receivables | 40 | €13,401 | €21,623 | +€8,221 | +61.3% |
| Other amounts receivable | 41 | €1,873 | €0 | -€1,873 | -100.0% |
| Cash at bank and in hand | 54/58 | €47,662 | €74,044 | +€26,382 | +55.4% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,058 | +€17 | +1.6% |
| Total equity and liabilities | 10/49 | €76,439 | €105,549 | +€29,110 | +38.1% |
| Equity | 10/15 | €63,761 | €10,000 | -€53,761 | -84.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €53,761 | €0 | -€53,761 | -100.0% |
| Distributable reserves | 133 | €53,761 | €0 | -€53,761 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,678 | €95,549 | +€82,871 | +653.6% |
| Amounts payable within one year | 42/48 | €11,887 | €94,855 | +€82,968 | +697.9% |
| Trade debts | 44 | €994 | €3,173 | +€2,179 | +219.2% |
| Suppliers | 440/4 | €994 | €3,173 | +€2,179 | +219.2% |
| Taxes, remuneration and social security | 45 | €174 | €11,638 | +€11,465 | +6606.0% |
| Taxes | 450/3 | €174 | €9,281 | +€9,108 | +5248.0% |
| Remuneration and social security | 454/9 | - | €2,357 | +€2,357 | |
| Other amounts payable | 47/48 | €10,720 | €80,044 | +€69,324 | +646.7% |
| Accrued charges and deferred income | 492/3 | €791 | €694 | -€97 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,654 | €3,671 | +€18 | +0.5% |
| Other operating charges | 640/8 | €897 | €747 | -€150 | -16.7% |
| Gross operating margin | 9900 | €21,380 | €38,551 | +€17,171 | +80.3% |
| Operating profit (loss) | 9901 | €16,830 | €34,133 | +€17,303 | +102.8% |
| Financial income | 75/76B | €33 | €0 | -€33 | -99.8% |
| Recurring financial income | 75 | €33 | €0 | -€33 | -99.8% |
| Financial charges | 65/66B | €1,005 | €750 | -€255 | -25.3% |
| Recurring financial charges | 65 | €1,005 | €750 | -€255 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €15,858 | €33,383 | +€17,525 | +110.5% |
| Income taxes | 67/77 | €3,979 | €7,989 | +€4,009 | +100.8% |
| Profit (loss) for the period | 9904 | €11,879 | €25,394 | +€13,516 | +113.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,879 | €25,394 | +€13,516 | +113.8% |
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 11 October 2026 via checked.be.