DENCH: 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.
DENCH
Largest movements
- Cash +€10,595
up €10,595 (+64.1%), from €16,525 to €27,120
mainly Other debts (+€66,000) and Net result for the year (+€14,093)
- Intangible fixed assets -€4,000
down €4,000 (-22.6%), from €17,667 to €13,667
- Receivables within one year +€2,770
up €2,770 (+7.0%), from €39,707 to €42,477
of which Other amounts receivable: +€5,511
- Stocks and contracts +€1,315
up €1,315 (+200.6%), from €656 to €1,970
- Other debts +€66,000
new in 2025: €66,000
- Reserves -€51,907
down €51,907 (-77.9%), from €66,653 to €14,745
- Tax, wage and social debts -€3,081
down €3,081 (-45.0%), from €6,844 to €3,763
- Gross operating margin +€23,755
up €23,755 (+1547.3%), from €1,535 to €25,291
- Taxes +€3,662
up €3,662 (+1607.2%), from €228 to €3,890
- Depreciation -€3,028
down €3,028 (-38.6%), from €7,849 to €4,821
- Financial charges +€1,269
up €1,269 (+144.0%), from €881 to €2,150
- Staff costs -€840
no longer reported in 2025 (was €840)
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 | €79,794 | €90,964 | +€11,170 | +14.0% |
| Fixed assets | 21/28 | €20,851 | €17,325 | -€3,526 | -16.9% |
| Intangible fixed assets | 21 | €17,667 | €13,667 | -€4,000 | -22.6% |
| Tangible fixed assets | 22/27 | €456 | €930 | +€474 | +103.8% |
| Furniture and vehicles | 24 | €456 | €930 | +€474 | +103.8% |
| Financial fixed assets | 28 | €2,729 | €2,729 | = | 0.0% |
| Current assets | 29/58 | €58,943 | €73,639 | +€14,696 | +24.9% |
| Stocks and contracts in progress | 3 | €656 | €1,970 | +€1,315 | +200.6% |
| Stocks | 30/36 | €656 | €1,970 | +€1,315 | +200.6% |
| Amounts receivable within one year | 40/41 | €39,707 | €42,477 | +€2,770 | +7.0% |
| Trade receivables | 40 | €23,999 | €21,258 | -€2,741 | -11.4% |
| Other amounts receivable | 41 | €15,708 | €21,219 | +€5,511 | +35.1% |
| Cash at bank and in hand | 54/58 | €16,525 | €27,120 | +€10,595 | +64.1% |
| Deferred charges and accrued income | 490/1 | €2,056 | €2,072 | +€16 | +0.8% |
| Total equity and liabilities | 10/49 | €79,794 | €90,964 | +€11,170 | +14.0% |
| Equity | 10/15 | €70,653 | €18,745 | -€51,907 | -73.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €66,653 | €14,745 | -€51,907 | -77.9% |
| Distributable reserves | 133 | €66,653 | €14,745 | -€51,907 | -77.9% |
| Amounts payable | 17/49 | €9,141 | €72,218 | +€63,077 | +690.0% |
| Amounts payable within one year | 42/48 | €9,141 | €72,218 | +€63,077 | +690.0% |
| Trade debts | 44 | €2,297 | €2,456 | +€159 | +6.9% |
| Suppliers | 440/4 | €2,297 | €2,456 | +€159 | +6.9% |
| Taxes, remuneration and social security | 45 | €6,844 | €3,763 | -€3,081 | -45.0% |
| Taxes | 450/3 | €6,844 | €3,763 | -€3,081 | -45.0% |
| Other amounts payable | 47/48 | - | €66,000 | +€66,000 | |
| Remuneration, social security and pensions | 62 | €840 | - | -€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,849 | €4,821 | -€3,028 | -38.6% |
| Other operating charges | 640/8 | €442 | €460 | +€18 | +4.1% |
| Gross operating margin | 9900 | €1,535 | €25,291 | +€23,755 | +1547.3% |
| Operating profit (loss) | 9901 | -€7,596 | €20,009 | +€27,605 | |
| Financial income | 75/76B | €67 | €124 | +€57 | +86.2% |
| Recurring financial income | 75 | €67 | €124 | +€57 | +86.2% |
| Financial charges | 65/66B | €881 | €2,150 | +€1,269 | +144.0% |
| Recurring financial charges | 65 | €881 | €2,150 | +€1,269 | +144.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,410 | €17,983 | +€26,393 | |
| Income taxes | 67/77 | €228 | €3,890 | +€3,662 | +1607.2% |
| Profit (loss) for the period | 9904 | -€8,638 | €14,093 | +€22,731 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,638 | €14,093 | +€22,731 |
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 10 October 2026 via checked.be.