DENEWETH B.: 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.
DENEWETH B.
Largest movements
- Current investments -€421,962
down €421,962 (-99.7%), from €423,088 to €1,126
- Receivables within one year -€65,863
down €65,863 (-7.2%), from €912,531 to €846,668
of which Trade receivables: -€85,956
- Tangible fixed assets -€65,843
down €65,843 (-12.9%), from €509,095 to €443,251
of which Furniture and vehicles: -€39,035
- Cash +€28,101
up €28,101 (+63.9%), from €44,005 to €72,106
mainly Current investments (+€421,962) and Net result for the year (+€82,857)
- Other debts -€498,638
down €498,638 (-66.3%), from €752,022 to €253,384
- Trade debts -€126,598
down €126,598 (-81.8%), from €154,816 to €28,219
- Reserves +€80,524
up €80,524 (+8.2%), from €980,476 to €1.1m
- Gross operating margin -€131,008
down €131,008 (-24.1%), from €543,361 to €412,353
- Depreciation +€30,455
up €30,455 (+58.5%), from €52,017 to €82,472
- Staff costs +€26,133
up €26,133 (+12.9%), from €203,009 to €229,142
- Taxes -€25,610
down €25,610 (-57.2%), from €44,740 to €19,130
- Financial income +€12,461
up €12,461 (+49.1%), from €25,389 to €37,850
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.
Derived cash bridge
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 | €1,957,364 | €1,433,917 | -€523,447 | -26.7% |
| Fixed assets | 21/28 | €509,095 | €443,251 | -€65,843 | -12.9% |
| Tangible fixed assets | 22/27 | €509,095 | €443,251 | -€65,843 | -12.9% |
| Land and buildings | 22 | €234,817 | €218,726 | -€16,091 | -6.9% |
| Plant, machinery and equipment | 23 | €36,201 | €39,324 | +€3,123 | +8.6% |
| Furniture and vehicles | 24 | €155,033 | €115,997 | -€39,035 | -25.2% |
| Other tangible fixed assets | 26 | €83,045 | €69,204 | -€13,841 | -16.7% |
| Current assets | 29/58 | €1,448,269 | €990,665 | -€457,604 | -31.6% |
| Stocks and contracts in progress | 3 | €61,895 | €64,742 | +€2,847 | +4.6% |
| Stocks | 30/36 | €61,895 | €64,742 | +€2,847 | +4.6% |
| Amounts receivable within one year | 40/41 | €912,531 | €846,668 | -€65,863 | -7.2% |
| Trade receivables | 40 | €912,531 | €826,575 | -€85,956 | -9.4% |
| Other amounts receivable | 41 | - | €20,093 | +€20,093 | |
| Current investments | 50/53 | €423,088 | €1,126 | -€421,962 | -99.7% |
| Cash at bank and in hand | 54/58 | €44,005 | €72,106 | +€28,101 | +63.9% |
| Deferred charges and accrued income | 490/1 | €6,751 | €6,023 | -€728 | -10.8% |
| Total equity and liabilities | 10/49 | €1,957,364 | €1,433,917 | -€523,447 | -26.7% |
| Equity | 10/15 | €999,076 | €1,079,600 | +€80,524 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €980,476 | €1,061,000 | +€80,524 | +8.2% |
| Distributable reserves | 133 | €980,476 | €1,061,000 | +€80,524 | +8.2% |
| Amounts payable | 17/49 | €958,288 | €354,317 | -€603,971 | -63.0% |
| Amounts payable within one year | 42/48 | €941,263 | €328,642 | -€612,621 | -65.1% |
| Trade debts | 44 | €154,816 | €28,219 | -€126,598 | -81.8% |
| Suppliers | 440/4 | €154,816 | €28,219 | -€126,598 | -81.8% |
| Taxes, remuneration and social security | 45 | €34,425 | €47,039 | +€12,614 | +36.6% |
| Taxes | 450/3 | €20,237 | €33,390 | +€13,153 | +65.0% |
| Remuneration and social security | 454/9 | €14,188 | €13,649 | -€539 | -3.8% |
| Other amounts payable | 47/48 | €752,022 | €253,384 | -€498,638 | -66.3% |
| Accrued charges and deferred income | 492/3 | €17,025 | €25,674 | +€8,650 | +50.8% |
| Non-recurring operating income | 76A | €7,049 | - | -€7,049 | |
| Remuneration, social security and pensions | 62 | €203,009 | €229,142 | +€26,133 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,017 | €82,472 | +€30,455 | +58.5% |
| Other operating charges | 640/8 | €14,716 | €16,576 | +€1,860 | +12.6% |
| Gross operating margin | 9900 | €543,361 | €412,353 | -€131,008 | -24.1% |
| Operating profit (loss) | 9901 | €273,618 | €84,162 | -€189,456 | -69.2% |
| Financial income | 75/76B | €25,389 | €37,850 | +€12,461 | +49.1% |
| Recurring financial income | 75 | €25,389 | €37,850 | +€12,461 | +49.1% |
| Financial charges | 65/66B | €14,039 | €20,025 | +€5,987 | +42.6% |
| Recurring financial charges | 65 | €14,039 | €20,025 | +€5,987 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €284,969 | €101,987 | -€182,982 | -64.2% |
| Income taxes | 67/77 | €44,740 | €19,130 | -€25,610 | -57.2% |
| Profit (loss) for the period | 9904 | €240,229 | €82,857 | -€157,372 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €240,229 | €82,857 | -€157,372 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.