DENEUCARE: 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.
DENEUCARE
Largest movements
- Current investments +€104,894
up €104,894 (+22.8%), from €460,458 to €565,352
- Cash +€43,660
up €43,660 (+9.0%), from €485,320 to €528,980
mainly Net result for the year (+€98,460) and Accrued charges and deferred income (+€70,968)
- Tangible fixed assets -€22,626
down €22,626 (-2.3%), from €990,850 to €968,224
of which Land and buildings: -€23,510
- Reserves +€98,460
up €98,460 (+13.9%), from €710,275 to €808,734
of which Distributable reserves: +€141,180
- Accrued charges and deferred income +€70,968
up €70,968 (+91.4%), from €77,621 to €148,589
- Debts after one year -€45,619
down €45,619 (-6.9%), from €659,870 to €614,250
- Gross operating margin +€24,058
up €24,058 (+14.8%), from €162,534 to €186,593
- Taxes +€11,619
up €11,619 (+33.2%), from €34,963 to €46,582
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,993,594 | €2,111,196 | +€117,602 | +5.9% |
| Fixed assets | 21/28 | €990,850 | €968,224 | -€22,626 | -2.3% |
| Tangible fixed assets | 22/27 | €990,850 | €968,224 | -€22,626 | -2.3% |
| Land and buildings | 22 | €990,004 | €966,494 | -€23,510 | -2.4% |
| Furniture and vehicles | 24 | €845 | €1,730 | +€884 | +104.6% |
| Current assets | 29/58 | €1,002,744 | €1,142,972 | +€140,228 | +14.0% |
| Amounts receivable within one year | 40/41 | €19,030 | €10,896 | -€8,134 | -42.7% |
| Trade receivables | 40 | €5,473 | €9,227 | +€3,754 | +68.6% |
| Other amounts receivable | 41 | €13,558 | €1,669 | -€11,889 | -87.7% |
| Current investments | 50/53 | €460,458 | €565,352 | +€104,894 | +22.8% |
| Cash at bank and in hand | 54/58 | €485,320 | €528,980 | +€43,660 | +9.0% |
| Deferred charges and accrued income | 490/1 | €37,936 | €37,744 | -€192 | -0.5% |
| Total equity and liabilities | 10/49 | €1,993,594 | €2,111,196 | +€117,602 | +5.9% |
| Equity | 10/15 | €1,166,555 | €1,265,014 | +€98,460 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €710,275 | €808,734 | +€98,460 | +13.9% |
| Tax-exempt reserves | 132 | €42,720 | - | -€42,720 | |
| Distributable reserves | 133 | €667,555 | €808,734 | +€141,180 | +21.1% |
| Profit (loss) carried forward | 14 | €437,680 | €437,680 | = | 0.0% |
| Amounts payable | 17/49 | €827,039 | €846,181 | +€19,142 | +2.3% |
| Amounts payable after more than one year | 17 | €659,870 | €614,250 | -€45,619 | -6.9% |
| Financial debts | 170/4 | €659,870 | €614,250 | -€45,619 | -6.9% |
| Amounts payable within one year | 42/48 | €89,549 | €83,342 | -€6,207 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €49,534 | €45,619 | -€3,914 | -7.9% |
| Trade debts | 44 | €8,915 | €473 | -€8,443 | -94.7% |
| Suppliers | 440/4 | €8,915 | €473 | -€8,443 | -94.7% |
| Advances received on contracts in progress | 46 | €4,436 | - | -€4,436 | |
| Taxes, remuneration and social security | 45 | €26,374 | €36,960 | +€10,587 | +40.1% |
| Taxes | 450/3 | €10,374 | €36,960 | +€26,587 | +256.3% |
| Remuneration and social security | 454/9 | €16,000 | - | -€16,000 | |
| Other amounts payable | 47/48 | €290 | €290 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €77,621 | €148,589 | +€70,968 | +91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,809 | €24,269 | +€460 | +1.9% |
| Other operating charges | 640/8 | €6,549 | €7,845 | +€1,297 | +19.8% |
| Gross operating margin | 9900 | €162,534 | €186,593 | +€24,058 | +14.8% |
| Operating profit (loss) | 9901 | €132,176 | €154,478 | +€22,301 | +16.9% |
| Financial income | 75/76B | €115 | €658 | +€543 | +473.0% |
| Recurring financial income | 75 | €115 | €658 | +€543 | +473.0% |
| Financial charges | 65/66B | €10,637 | €10,095 | -€542 | -5.1% |
| Recurring financial charges | 65 | €10,637 | €10,095 | -€542 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €121,654 | €145,041 | +€23,387 | +19.2% |
| Income taxes | 67/77 | €34,963 | €46,582 | +€11,619 | +33.2% |
| Profit (loss) for the period | 9904 | €86,692 | €98,460 | +€11,768 | +13.6% |
| Transfer from tax-exempt reserves | 789 | - | €42,720 | +€42,720 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,692 | €141,180 | +€54,488 | +62.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.