DENEUBOURG A.: 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.
DENEUBOURG A.
Largest movements
- Cash +€116,995
up €116,995 (+92.1%), from €127,088 to €244,083
mainly Net result for the year (+€123,966) and Depreciation (+€35,482)
- Receivables within one year +€32,474
up €32,474 (+368%), from €8,819 to €41,293
of which Other amounts receivable: +€41,293
- Tangible fixed assets -€31,244
down €31,244 (-14.7%), from €212,053 to €180,810
of which Plant, machinery and equipment: -€19,318
- Reserves +€120,000
up €120,000 (+26.6%), from €451,860 to €571,860
of which Distributable reserves: +€120,000
- Gross operating margin -€54,918
down €54,918 (-16.7%), from €329,064 to €274,145
- Taxes +€7,297
up €7,297 (+11.1%), from €65,977 to €73,274
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.
Derived cash bridge
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 | €1,397,896 | €1,506,765 | +€108,868 | +7.8% |
| Fixed assets | 21/28 | €212,053 | €180,810 | -€31,244 | -14.7% |
| Tangible fixed assets | 22/27 | €212,053 | €180,810 | -€31,244 | -14.7% |
| Land and buildings | 22 | €89,895 | €89,895 | = | 0.0% |
| Plant, machinery and equipment | 23 | €80,099 | €60,781 | -€19,318 | -24.1% |
| Furniture and vehicles | 24 | €42,059 | €30,134 | -€11,925 | -28.4% |
| Current assets | 29/58 | €1,185,843 | €1,325,955 | +€140,112 | +11.8% |
| Amounts receivable within one year | 40/41 | €8,819 | €41,293 | +€32,474 | +368% |
| Trade receivables | 40 | €8,819 | €0 | -€8,819 | -100% |
| Other amounts receivable | 41 | - | €41,293 | +€41,293 | |
| Current investments | 50/53 | €1,047,196 | €1,036,992 | -€10,205 | -1.0% |
| Cash at bank and in hand | 54/58 | €127,088 | €244,083 | +€116,995 | +92.1% |
| Deferred charges and accrued income | 490/1 | €2,740 | €3,588 | +€848 | +30.9% |
| Total equity and liabilities | 10/49 | €1,397,896 | €1,506,765 | +€108,868 | +7.8% |
| Equity | 10/15 | €1,323,218 | €1,447,184 | +€123,966 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €451,860 | €571,860 | +€120,000 | +26.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €570,000 | +€120,000 | +26.7% |
| Profit (loss) carried forward | 14 | €852,758 | €856,724 | +€3,966 | +0.5% |
| Amounts payable | 17/49 | €74,679 | €59,581 | -€15,098 | -20.2% |
| Amounts payable after more than one year | 17 | €24,620 | €15,622 | -€8,998 | -36.5% |
| Financial debts | 170/4 | €24,620 | €15,622 | -€8,998 | -36.5% |
| Amounts payable within one year | 42/48 | €45,645 | €43,960 | -€1,686 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €26,488 | €26,795 | +€307 | +1.2% |
| Trade debts | 44 | €1,355 | €12,668 | +€11,313 | +835% |
| Suppliers | 440/4 | €1,355 | €12,668 | +€11,313 | +835% |
| Taxes, remuneration and social security | 45 | €4,376 | €4,497 | +€121 | +2.8% |
| Remuneration and social security | 454/9 | €4,376 | €4,497 | +€121 | +2.8% |
| Other amounts payable | 47/48 | €13,427 | - | -€13,427 | |
| Accrued charges and deferred income | 492/3 | €4,414 | - | -€4,414 | |
| Remuneration, social security and pensions | 62 | €37,633 | €39,105 | +€1,473 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,720 | €35,482 | -€237 | -0.7% |
| Other operating charges | 640/8 | €1,971 | €2,684 | +€714 | +36.2% |
| Gross operating margin | 9900 | €329,064 | €274,145 | -€54,918 | -16.7% |
| Operating profit (loss) | 9901 | €253,741 | €196,873 | -€56,867 | -22.4% |
| Financial income | 75/76B | €4,243 | €7,129 | +€2,886 | +68.0% |
| Recurring financial income | 75 | €4,243 | €7,129 | +€2,886 | +68.0% |
| Financial charges | 65/66B | €5,832 | €6,762 | +€930 | +15.9% |
| Recurring financial charges | 65 | €5,832 | €6,762 | +€930 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €252,151 | €197,240 | -€54,911 | -21.8% |
| Income taxes | 67/77 | €65,977 | €73,274 | +€7,297 | +11.1% |
| Profit (loss) for the period | 9904 | €186,174 | €123,966 | -€62,208 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €186,174 | €123,966 | -€62,208 | -33.4% |
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 26 October 2026 via checked.be.