DENEB CONSULT: 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.
DENEB CONSULT
Largest movements
- Cash +€6,769
up €6,769 (+167.8%), from €4,035 to €10,804
mainly Other debts (+€9,819) and Receivables within one year (+€5,352)
- Receivables within one year -€5,352
down €5,352 (-20.2%), from €26,466 to €21,114
of which Trade receivables: -€6,439
- Receivables after one year -€525
down €525 (-100.0%), from €525 to €0
- Other debts +€9,819
up €9,819, from €0 to €9,819
- Profit (loss) carried forward -€5,327
down €5,327 (-30.3%), from -€17,571 to -€22,897
- Trade debts -€2,455
down €2,455 (-32.9%), from €7,461 to €5,006
- Tax, wage and social debts -€1,134
down €1,134 (-49.4%), from €2,295 to €1,161
- Gross operating margin -€948
down €948 (-72.1%), from -€1,315 to -€2,263
- Financial charges -€303
down €303 (-48.0%), from €630 to €327
- Taxes -€143
down €143 (-25.7%), from €558 to €415
- Depreciation -€87
down €87 (-7.6%), from €1,135 to €1,048
- Financial income -€79
down €79 (-100.0%), from €79 to €0
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 | €34,415 | €35,318 | +€903 | +2.6% |
| Fixed assets | 21/28 | €1,238 | €1,269 | +€31 | +2.5% |
| Tangible fixed assets | 22/27 | €1,238 | €1,269 | +€31 | +2.5% |
| Furniture and vehicles | 24 | €599 | €1,269 | +€670 | +111.8% |
| Other tangible fixed assets | 26 | €639 | €0 | -€639 | -100.0% |
| Current assets | 29/58 | €33,177 | €34,049 | +€872 | +2.6% |
| Amounts receivable after more than one year | 29 | €525 | €0 | -€525 | -100.0% |
| Other amounts receivable | 291 | €525 | €0 | -€525 | -100.0% |
| Amounts receivable within one year | 40/41 | €26,466 | €21,114 | -€5,352 | -20.2% |
| Trade receivables | 40 | €26,466 | €20,027 | -€6,439 | -24.3% |
| Other amounts receivable | 41 | - | €1,087 | +€1,087 | |
| Cash at bank and in hand | 54/58 | €4,035 | €10,804 | +€6,769 | +167.8% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,131 | -€20 | -0.9% |
| Total equity and liabilities | 10/49 | €34,415 | €35,318 | +€903 | +2.6% |
| Equity | 10/15 | €24,659 | €19,333 | -€5,327 | -21.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,230 | €22,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,657 | €2,657 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,657 | €2,657 | = | 0.0% |
| Distributable reserves | 133 | €19,572 | €19,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,571 | -€22,897 | -€5,327 | -30.3% |
| Amounts payable | 17/49 | €9,756 | €15,985 | +€6,230 | +63.9% |
| Amounts payable within one year | 42/48 | €9,756 | €15,985 | +€6,230 | +63.9% |
| Trade debts | 44 | €7,461 | €5,006 | -€2,455 | -32.9% |
| Suppliers | 440/4 | €7,461 | €5,006 | -€2,455 | -32.9% |
| Taxes, remuneration and social security | 45 | €2,295 | €1,161 | -€1,134 | -49.4% |
| Taxes | 450/3 | €2,295 | €1,161 | -€1,134 | -49.4% |
| Other amounts payable | 47/48 | €0 | €9,819 | +€9,819 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €1,048 | -€87 | -7.6% |
| Other operating charges | 640/8 | €1,338 | €1,273 | -€65 | -4.9% |
| Gross operating margin | 9900 | -€1,315 | -€2,263 | -€948 | -72.1% |
| Operating profit (loss) | 9901 | -€3,788 | -€4,585 | -€797 | -21.0% |
| Financial income | 75/76B | €79 | €0 | -€79 | -100.0% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -100.0% |
| Financial charges | 65/66B | €630 | €327 | -€303 | -48.0% |
| Recurring financial charges | 65 | €630 | €327 | -€303 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,340 | -€4,912 | -€572 | -13.2% |
| Income taxes | 67/77 | €558 | €415 | -€143 | -25.7% |
| Profit (loss) for the period | 9904 | -€4,898 | -€5,327 | -€429 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,898 | -€5,327 | -€429 | -8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.