DENE: 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.
DENE
Largest movements
- Tangible fixed assets -€15,485
down €15,485 (-4.8%), from €324,461 to €308,976
- Debts after one year -€34,004
down €34,004 (-21.0%), from €161,869 to €127,865
- Profit (loss) carried forward +€17,335
up €17,335 (+7.4%), from -€234,950 to -€217,615
- Trade debts -€5,286
down €5,286 (-78.4%), from €6,739 to €1,453
- Financial charges -€1,708
down €1,708 (-11.6%), from €14,722 to €13,013
- Gross operating margin -€742
down €742 (-1.5%), from €50,616 to €49,874
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 | €408,011 | €391,037 | -€16,974 | -4.2% |
| Fixed assets | 21/28 | €324,461 | €308,976 | -€15,485 | -4.8% |
| Tangible fixed assets | 22/27 | €324,461 | €308,976 | -€15,485 | -4.8% |
| Land and buildings | 22 | €324,461 | €308,976 | -€15,485 | -4.8% |
| Current assets | 29/58 | €83,550 | €82,061 | -€1,489 | -1.8% |
| Amounts receivable within one year | 40/41 | €77,086 | €79,619 | +€2,533 | +3.3% |
| Other amounts receivable | 41 | €77,086 | €79,619 | +€2,533 | +3.3% |
| Cash at bank and in hand | 54/58 | €854 | €61 | -€793 | -92.9% |
| Deferred charges and accrued income | 490/1 | €5,610 | €2,381 | -€3,229 | -57.6% |
| Total equity and liabilities | 10/49 | €408,011 | €391,037 | -€16,974 | -4.2% |
| Equity | 10/15 | -€4,950 | €12,385 | +€17,335 | |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,950 | -€217,615 | +€17,335 | +7.4% |
| Amounts payable | 17/49 | €412,961 | €378,651 | -€34,309 | -8.3% |
| Amounts payable after more than one year | 17 | €161,869 | €127,865 | -€34,004 | -21.0% |
| Financial debts | 170/4 | €161,869 | €127,865 | -€34,004 | -21.0% |
| Amounts payable within one year | 42/48 | €251,091 | €250,786 | -€305 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €31,774 | €34,004 | +€2,230 | +7.0% |
| Trade debts | 44 | €6,739 | €1,453 | -€5,286 | -78.4% |
| Suppliers | 440/4 | €6,739 | €1,453 | -€5,286 | -78.4% |
| Other amounts payable | 47/48 | €212,579 | €215,329 | +€2,750 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,485 | €15,485 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,983 | €4,041 | +€58 | +1.5% |
| Gross operating margin | 9900 | €50,616 | €49,874 | -€742 | -1.5% |
| Operating profit (loss) | 9901 | €31,148 | €30,348 | -€800 | -2.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €14,722 | €13,013 | -€1,708 | -11.6% |
| Recurring financial charges | 65 | €14,722 | €13,013 | -€1,708 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €16,427 | €17,335 | +€908 | +5.5% |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €16,427 | €17,335 | +€908 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,427 | €17,335 | +€908 | +5.5% |
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.