DENEUT CONSTRUCT: 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.
DENEUT CONSTRUCT
Largest movements
- Tangible fixed assets -€50,945
down €50,945 (-8.5%), from €596,276 to €545,331
of which Land and buildings: -€36,280
- Receivables within one year +€17,520
up €17,520 (+95.2%), from €18,399 to €35,919
of which Trade receivables: +€12,712
- Cash -€9,631
down €9,631 (-61.0%), from €15,778 to €6,147
mainly Debts after one year (-€68,636) and Receivables within one year (-€17,520)
- Stocks and contracts +€6,724
up €6,724 (+22.0%), from €30,501 to €37,225
- Debts after one year -€68,636
down €68,636 (-33.6%), from €204,432 to €135,795
- Trade debts +€20,181
up €20,181 (+72.6%), from €27,785 to €47,966
- Reserves +€18,061
up €18,061 (+7.0%), from €257,806 to €275,867
- Depreciation -€3,573
down €3,573 (-6.6%), from €54,518 to €50,945
- Gross operating margin +€3,319
up €3,319 (+3.4%), from €97,012 to €100,330
- Taxes +€2,275
up €2,275 (+17.5%), from €13,032 to €15,307
- Financial charges -€1,194
down €1,194 (-26.4%), from €4,529 to €3,335
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 | €660,954 | €624,622 | -€36,332 | -5.5% |
| Fixed assets | 21/28 | €596,276 | €545,331 | -€50,945 | -8.5% |
| Tangible fixed assets | 22/27 | €596,276 | €545,331 | -€50,945 | -8.5% |
| Land and buildings | 22 | €562,160 | €525,879 | -€36,280 | -6.5% |
| Furniture and vehicles | 24 | €34,116 | €19,452 | -€14,665 | -43.0% |
| Current assets | 29/58 | €64,678 | €79,291 | +€14,613 | +22.6% |
| Stocks and contracts in progress | 3 | €30,501 | €37,225 | +€6,724 | +22.0% |
| Stocks | 30/36 | €30,501 | €37,225 | +€6,724 | +22.0% |
| Amounts receivable within one year | 40/41 | €18,399 | €35,919 | +€17,520 | +95.2% |
| Trade receivables | 40 | €18,399 | €31,112 | +€12,712 | +69.1% |
| Other amounts receivable | 41 | - | €4,808 | +€4,808 | |
| Cash at bank and in hand | 54/58 | €15,778 | €6,147 | -€9,631 | -61.0% |
| Total equity and liabilities | 10/49 | €660,954 | €624,622 | -€36,332 | -5.5% |
| Equity | 10/15 | €307,806 | €325,867 | +€18,061 | +5.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €257,806 | €275,867 | +€18,061 | +7.0% |
| Distributable reserves | 133 | €257,806 | €275,867 | +€18,061 | +7.0% |
| Amounts payable | 17/49 | €353,148 | €298,754 | -€54,393 | -15.4% |
| Amounts payable after more than one year | 17 | €204,432 | €135,795 | -€68,636 | -33.6% |
| Financial debts | 170/4 | €204,432 | €135,795 | -€68,636 | -33.6% |
| Amounts payable within one year | 42/48 | €148,716 | €162,959 | +€14,243 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €67,650 | €68,636 | +€986 | +1.5% |
| Trade debts | 44 | €27,785 | €47,966 | +€20,181 | +72.6% |
| Suppliers | 440/4 | €27,785 | €47,966 | +€20,181 | +72.6% |
| Taxes, remuneration and social security | 45 | €10,213 | €7,570 | -€2,643 | -25.9% |
| Taxes | 450/3 | €10,213 | €7,570 | -€2,643 | -25.9% |
| Other amounts payable | 47/48 | €43,067 | €38,786 | -€4,281 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,518 | €50,945 | -€3,573 | -6.6% |
| Other operating charges | 640/8 | €1,094 | €528 | -€566 | -51.7% |
| Non-recurring operating charges | 66A | - | €229 | +€229 | |
| Gross operating margin | 9900 | €97,012 | €100,330 | +€3,319 | +3.4% |
| Operating profit (loss) | 9901 | €41,400 | €48,629 | +€7,228 | +17.5% |
| Financial income | 75/76B | €1 | €52 | +€51 | +4535.7% |
| Recurring financial income | 75 | €1 | €52 | +€51 | +4535.7% |
| Financial charges | 65/66B | €4,529 | €3,335 | -€1,194 | -26.4% |
| Recurring financial charges | 65 | €4,529 | €3,335 | -€1,194 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €36,872 | €45,345 | +€8,473 | +23.0% |
| Income taxes | 67/77 | €13,032 | €15,307 | +€2,275 | +17.5% |
| Profit (loss) for the period | 9904 | €23,840 | €30,038 | +€6,198 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,840 | €30,038 | +€6,198 | +26.0% |
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 29 September 2026 via checked.be.