Deneweth Maarten: 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 Maarten
Largest movements
- Tangible fixed assets +€50,652
up €50,652 (+554%), from €9,147 to €59,799
of which Furniture and vehicles: +€51,970
- Receivables within one year -€38,123
down €38,123 (-61.7%), from €61,825 to €23,702
of which Trade receivables: -€37,856
- Cash +€17,784
up €17,784 (+34.0%), from €52,249 to €70,034
mainly Other debts (+€91,505) and Debts after one year (+€43,632)
- Current investments +€10,039
new in 2025: €10,039
- Stocks and contracts +€6,771
up €6,771 (+19.9%), from €33,994 to €40,765
- Other debts +€91,505
up €91,505 (+4,514%), from €2,027 to €93,532
- Profit (loss) carried forward -€84,949
down €84,949 (-73.9%), from €114,975 to €30,026
- Debts after one year +€43,632
new in 2025: €43,632
- Trade debts -€16,536
down €16,536 (-44.1%), from €37,528 to €20,992
- Current portion of long-term debt +€11,278
new in 2025: €11,278
- Gross operating margin +€16,087
up €16,087 (+47.7%), from €33,699 to €49,786
- Depreciation +€5,832
up €5,832 (+193%), from €3,016 to €8,848
- Financial charges +€2,475
up €2,475 (+212%), from €1,167 to €3,642
- Taxes +€1,170
up €1,170 (+15.6%), from €7,479 to €8,649
- Financial income -€640
down €640 (-20.3%), from €3,158 to €2,518
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 | €159,530 | €207,691 | +€48,161 | +30.2% |
| Fixed assets | 21/28 | €10,122 | €60,774 | +€50,652 | +500% |
| Tangible fixed assets | 22/27 | €9,147 | €59,799 | +€50,652 | +554% |
| Plant, machinery and equipment | 23 | €4,110 | €2,792 | -€1,318 | -32.1% |
| Furniture and vehicles | 24 | €5,037 | €57,007 | +€51,970 | +1,032% |
| Financial fixed assets | 28 | €975 | €975 | = | 0.0% |
| Current assets | 29/58 | €149,408 | €146,916 | -€2,492 | -1.7% |
| Stocks and contracts in progress | 3 | €33,994 | €40,765 | +€6,771 | +19.9% |
| Stocks | 30/36 | €33,994 | €40,765 | +€6,771 | +19.9% |
| Amounts receivable within one year | 40/41 | €61,825 | €23,702 | -€38,123 | -61.7% |
| Trade receivables | 40 | €50,741 | €12,885 | -€37,856 | -74.6% |
| Other amounts receivable | 41 | €11,084 | €10,817 | -€267 | -2.4% |
| Current investments | 50/53 | - | €10,039 | +€10,039 | |
| Cash at bank and in hand | 54/58 | €52,249 | €70,034 | +€17,784 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,340 | €2,377 | +€1,037 | +77.4% |
| Total equity and liabilities | 10/49 | €159,530 | €207,691 | +€48,161 | +30.2% |
| Equity | 10/15 | €119,975 | €35,026 | -€84,949 | -70.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,975 | €30,026 | -€84,949 | -73.9% |
| Amounts payable | 17/49 | €39,555 | €172,664 | +€133,110 | +337% |
| Amounts payable after more than one year | 17 | - | €43,632 | +€43,632 | |
| Financial debts | 170/4 | - | €43,632 | +€43,632 | |
| Amounts payable within one year | 42/48 | €39,555 | €129,032 | +€89,477 | +226% |
| Current portion of amounts payable after more than one year | 42 | - | €11,278 | +€11,278 | |
| Trade debts | 44 | €37,528 | €20,992 | -€16,536 | -44.1% |
| Suppliers | 440/4 | €37,528 | €20,992 | -€16,536 | -44.1% |
| Taxes, remuneration and social security | 45 | €0 | €3,230 | +€3,230 | |
| Taxes | 450/3 | €0 | €930 | +€930 | |
| Remuneration and social security | 454/9 | €0 | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €2,027 | €93,532 | +€91,505 | +4,514% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,016 | €8,848 | +€5,832 | +193% |
| Other operating charges | 640/8 | €933 | €1,138 | +€205 | +22.0% |
| Gross operating margin | 9900 | €33,699 | €49,786 | +€16,087 | +47.7% |
| Operating profit (loss) | 9901 | €29,751 | €39,800 | +€10,050 | +33.8% |
| Financial income | 75/76B | €3,158 | €2,518 | -€640 | -20.3% |
| Recurring financial income | 75 | €3,158 | €2,518 | -€640 | -20.3% |
| Financial charges | 65/66B | €1,167 | €3,642 | +€2,475 | +212% |
| Recurring financial charges | 65 | €1,167 | €3,642 | +€2,475 | +212% |
| Profit (loss) for the period before taxes | 9903 | €31,741 | €38,675 | +€6,934 | +21.8% |
| Income taxes | 67/77 | €7,479 | €8,649 | +€1,170 | +15.6% |
| Profit (loss) for the period | 9904 | €24,262 | €30,026 | +€5,764 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,262 | €30,026 | +€5,764 | +23.8% |
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 16 October 2026 via checked.be.