DENEVE TECHNIEK: 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.
DENEVE TECHNIEK
Largest movements
- Cash -€20,618
down €20,618 (-55.0%), from €37,506 to €16,887
mainly Stocks and contracts (-€18,141) and Trade debts (-€8,651)
- Stocks and contracts +€18,141
up €18,141 (+220%), from €8,253 to €26,394
of which Contracts in progress: +€18,358
- Tangible fixed assets -€3,936
down €3,936 (-37.0%), from €10,630 to €6,695
of which Furniture and vehicles: -€3,054
- Receivables within one year +€2,683
up €2,683 (+13.4%), from €19,979 to €22,662
of which Trade receivables: +€6,680
- Other debts +€9,464
up €9,464 (+33.8%), from €28,017 to €37,480
- Trade debts -€8,651
down €8,651 (-34.1%), from €25,394 to €16,743
- Tax, wage and social debts -€2,512
down €2,512 (-18.2%), from €13,782 to €11,270
of which Remuneration and social security: -€2,000
- Profit (loss) carried forward -€1,053
down €1,053 (-17.8%), from €5,933 to €4,880
- Current portion of long-term debt -€942
down €942 (-100%), from €942 to €0
- Gross operating margin -€6,315
down €6,315 (-38.3%), from €16,466 to €10,151
- Depreciation -€2,016
down €2,016 (-27.5%), from €7,344 to €5,328
- Financial charges +€1,485
up €1,485 (+133%), from €1,120 to €2,605
- Taxes -€478
down €478 (-33.6%), from €1,424 to €946
- Other operating charges -€269
down €269 (-27.9%), from €965 to €696
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 | €81,198 | €77,503 | -€3,695 | -4.6% |
| Fixed assets | 21/28 | €13,630 | €9,695 | -€3,936 | -28.9% |
| Tangible fixed assets | 22/27 | €10,630 | €6,695 | -€3,936 | -37.0% |
| Furniture and vehicles | 24 | €9,749 | €6,695 | -€3,054 | -31.3% |
| Leasing and similar rights | 25 | €881 | €0 | -€881 | -100% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €67,568 | €67,809 | +€241 | +0.4% |
| Stocks and contracts in progress | 3 | €8,253 | €26,394 | +€18,141 | +220% |
| Stocks | 30/36 | €6,490 | €6,274 | -€216 | -3.3% |
| Contracts in progress | 37 | €1,762 | €20,120 | +€18,358 | +1,042% |
| Amounts receivable within one year | 40/41 | €19,979 | €22,662 | +€2,683 | +13.4% |
| Trade receivables | 40 | €12,874 | €19,554 | +€6,680 | +51.9% |
| Other amounts receivable | 41 | €7,105 | €3,108 | -€3,997 | -56.3% |
| Cash at bank and in hand | 54/58 | €37,506 | €16,887 | -€20,618 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,830 | €1,865 | +€35 | +1.9% |
| Total equity and liabilities | 10/49 | €81,198 | €77,503 | -€3,695 | -4.6% |
| Equity | 10/15 | €13,063 | €12,010 | -€1,053 | -8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €930 | €930 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,933 | €4,880 | -€1,053 | -17.8% |
| Amounts payable | 17/49 | €68,135 | €65,493 | -€2,642 | -3.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,135 | €65,493 | -€2,642 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €942 | €0 | -€942 | -100% |
| Trade debts | 44 | €25,394 | €16,743 | -€8,651 | -34.1% |
| Suppliers | 440/4 | €25,394 | €16,743 | -€8,651 | -34.1% |
| Taxes, remuneration and social security | 45 | €13,782 | €11,270 | -€2,512 | -18.2% |
| Taxes | 450/3 | €10,282 | €9,770 | -€512 | -5.0% |
| Remuneration and social security | 454/9 | €3,500 | €1,500 | -€2,000 | -57.1% |
| Other amounts payable | 47/48 | €28,017 | €37,480 | +€9,464 | +33.8% |
| Non-recurring operating income | 76A | €7,300 | €0 | -€7,300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,344 | €5,328 | -€2,016 | -27.5% |
| Other operating charges | 640/8 | €965 | €696 | -€269 | -27.9% |
| Gross operating margin | 9900 | €16,466 | €10,151 | -€6,315 | -38.3% |
| Operating profit (loss) | 9901 | €8,157 | €4,127 | -€4,029 | -49.4% |
| Financial income | 75/76B | €101 | €36 | -€65 | -64.0% |
| Recurring financial income | 75 | €101 | €36 | -€65 | -64.0% |
| Financial charges | 65/66B | €1,120 | €2,605 | +€1,485 | +133% |
| Recurring financial charges | 65 | €1,120 | €2,605 | +€1,485 | +133% |
| Profit (loss) for the period before taxes | 9903 | €7,138 | €1,559 | -€5,580 | -78.2% |
| Income taxes | 67/77 | €1,424 | €946 | -€478 | -33.6% |
| Profit (loss) for the period | 9904 | €5,714 | €613 | -€5,102 | -89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,714 | €613 | -€5,102 | -89.3% |
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 27 October 2026 via checked.be.