DENCON: 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.
What changed
DENCON
NACE 82.990, Other business support services
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€56,084
2024 · €485,160-€429,076
Equity
€2.0m
2024 · €1.9m+€56,084
Cash
€89,977
2024 · €38,270+€51,707
Balance sheet total
€3.6m
2024 · €3.6m+€37,954
Largest movements
Assets
- Cash +€51,707
up €51,707 (+135.1%), from €38,270 to €89,977
mainly Net result for the year (+€56,084) and Depreciation (+€18,775)
Equity and liabilities
- Reserves +€56,084
up €56,084 (+2.9%), from €1.9m to €2.0m
Income statement
- Financial income -€432,000
no longer reported in 2025 (was €432,000)
- Gross operating margin +€3,854
up €3,854 (+4.2%), from €92,513 to €96,367
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.
Result 2024
€485,160
Gross operating margin
+€3,854
Depreciation
-€46
Other operating charges
-€243
Financial income
-€432,000
Financial charges
+€70
Taxes
-€712
Result 2025
€56,084
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.
From operations
+€68,981
Investment
-€619
Financing
-€16,655
Cash 2024
€38,270
From operations (derived)
+€68,981
Net result for the year
+€56,084
Depreciation
+€18,775
Receivables within one year
-€4,201
Deferred charges and accrued income
-€202
Trade debts
-€8,644
Tax, wage and social debts
+€5,706
Other debts
+€1,463
Investment (derived)
-€619
Investment in fixed assets (net)
-€619
Financing
-€16,655
Debts after one year
-€16,766
Current portion of long-term debt
+€112
Cash 2025
€89,977
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,554,494 | €3,592,448 | +€37,954 | +1.1% |
| Fixed assets | 21/28 | €3,049,500 | €3,031,344 | -€18,156 | -0.6% |
| Tangible fixed assets | 22/27 | €49,421 | €31,265 | -€18,156 | -36.7% |
| Plant, machinery and equipment | 23 | €177 | €711 | +€534 | +301.9% |
| Furniture and vehicles | 24 | €49,244 | €30,554 | -€18,690 | -38.0% |
| Financial fixed assets | 28 | €3,000,079 | €3,000,079 | = | 0.0% |
| Current assets | 29/58 | €504,994 | €561,104 | +€56,110 | +11.1% |
| Amounts receivable within one year | 40/41 | €464,943 | €469,144 | +€4,201 | +0.9% |
| Trade receivables | 40 | €30,027 | €33,295 | +€3,268 | +10.9% |
| Other amounts receivable | 41 | €434,916 | €435,849 | +€933 | +0.2% |
| Cash at bank and in hand | 54/58 | €38,270 | €89,977 | +€51,707 | +135.1% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,983 | +€202 | +11.3% |
| Total equity and liabilities | 10/49 | €3,554,494 | €3,592,448 | +€37,954 | +1.1% |
| Equity | 10/15 | €1,923,992 | €1,980,076 | +€56,084 | +2.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,918,992 | €1,975,076 | +€56,084 | +2.9% |
| Distributable reserves | 133 | €1,918,992 | €1,975,076 | +€56,084 | +2.9% |
| Amounts payable | 17/49 | €1,630,502 | €1,612,372 | -€18,130 | -1.1% |
| Amounts payable after more than one year | 17 | €25,192 | €8,425 | -€16,766 | -66.6% |
| Financial debts | 170/4 | €25,192 | €8,425 | -€16,766 | -66.6% |
| Amounts payable within one year | 42/48 | €1,605,310 | €1,603,947 | -€1,364 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €16,655 | €16,766 | +€112 | +0.7% |
| Trade debts | 44 | €11,388 | €2,744 | -€8,644 | -75.9% |
| Suppliers | 440/4 | €11,388 | €2,744 | -€8,644 | -75.9% |
| Taxes, remuneration and social security | 45 | €14,249 | €19,954 | +€5,706 | +40.0% |
| Taxes | 450/3 | €14,249 | €19,954 | +€5,706 | +40.0% |
| Other amounts payable | 47/48 | €1,563,019 | €1,564,482 | +€1,463 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,729 | €18,775 | +€46 | +0.2% |
| Other operating charges | 640/8 | €1,390 | €1,632 | +€243 | +17.5% |
| Gross operating margin | 9900 | €92,513 | €96,367 | +€3,854 | +4.2% |
| Operating profit (loss) | 9901 | €72,394 | €75,959 | +€3,566 | +4.9% |
| Financial income | 75/76B | €432,000 | - | -€432,000 | |
| Recurring financial income | 75 | €432,000 | - | -€432,000 | |
| Financial charges | 65/66B | €625 | €555 | -€70 | -11.2% |
| Recurring financial charges | 65 | €625 | €555 | -€70 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €503,769 | €75,405 | -€428,364 | -85.0% |
| Income taxes | 67/77 | €18,609 | €19,320 | +€712 | +3.8% |
| Profit (loss) for the period | 9904 | €485,160 | €56,084 | -€429,076 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €485,160 | €56,084 | -€429,076 | -88.4% |
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 12 October 2026 via checked.be.