DenEx: 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.
DenEx
Largest movements
- Receivables within one year +€64,455
up €64,455 (+663.1%), from €9,720 to €74,175
of which Other amounts receivable: +€35,287
- Tangible fixed assets -€13,065
down €13,065 (-32.1%), from €40,742 to €27,677
of which Furniture and vehicles: -€9,876
- Deferred charges and accrued income -€10,368
no longer reported in 2024 (was €10,368)
- Stocks and contracts -€10,000
no longer reported in 2024 (was €10,000)
- Tax, wage and social debts +€27,102
up €27,102 (+366.6%), from €7,392 to €34,494
of which Taxes: +€22,609
- Trade debts -€18,630
down €18,630 (-98.0%), from €19,012 to €382
- Profit (loss) carried forward +€15,025
up €15,025, from -€8,345 to €6,680
- Short-term financial debts +€6,811
new in 2024: €6,811
- Gross operating margin +€65,505
up €65,505 (+73.7%), from €88,824 to €154,329
- Staff costs +€25,695
up €25,695 (+36.9%), from €69,596 to €95,291
- Taxes +€10,345
up €10,345 (+91.9%), from €11,262 to €21,607
- Depreciation +€4,267
up €4,267 (+169.5%), from €2,517 to €6,784
- Financial charges +€2,223
up €2,223 (+247.0%), from €900 to €3,123
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 | €72,059 | €102,367 | +€30,308 | +42.1% |
| Fixed assets | 21/28 | €41,514 | €28,192 | -€13,322 | -32.1% |
| Intangible fixed assets | 21 | €772 | €515 | -€257 | -33.3% |
| Tangible fixed assets | 22/27 | €40,742 | €27,677 | -€13,065 | -32.1% |
| Plant, machinery and equipment | 23 | €6,883 | €3,694 | -€3,189 | -46.3% |
| Furniture and vehicles | 24 | €33,859 | €23,983 | -€9,876 | -29.2% |
| Current assets | 29/58 | €30,545 | €74,175 | +€43,630 | +142.8% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Stocks | 30/36 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €9,720 | €74,175 | +€64,455 | +663.1% |
| Trade receivables | 40 | €9,005 | €38,173 | +€29,168 | +323.9% |
| Other amounts receivable | 41 | €715 | €36,002 | +€35,287 | +4935.2% |
| Cash at bank and in hand | 54/58 | €457 | - | -€457 | |
| Deferred charges and accrued income | 490/1 | €10,368 | - | -€10,368 | |
| Total equity and liabilities | 10/49 | €72,059 | €102,367 | +€30,308 | +42.1% |
| Equity | 10/15 | €45,655 | €60,680 | +€15,025 | +32.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €44,000 | = | 0.0% |
| Distributable reserves | 133 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,345 | €6,680 | +€15,025 | |
| Amounts payable | 17/49 | €26,404 | €41,687 | +€15,283 | +57.9% |
| Amounts payable within one year | 42/48 | €26,404 | €41,687 | +€15,283 | +57.9% |
| Financial debts | 43 | - | €6,811 | +€6,811 | |
| Credit institutions | 430/8 | - | €6,811 | +€6,811 | |
| Trade debts | 44 | €19,012 | €382 | -€18,630 | -98.0% |
| Suppliers | 440/4 | €19,012 | €382 | -€18,630 | -98.0% |
| Taxes, remuneration and social security | 45 | €7,392 | €34,494 | +€27,102 | +366.6% |
| Taxes | 450/3 | €7,392 | €30,001 | +€22,609 | +305.9% |
| Remuneration and social security | 454/9 | - | €4,493 | +€4,493 | |
| Remuneration, social security and pensions | 62 | €69,596 | €95,291 | +€25,695 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,517 | €6,784 | +€4,267 | +169.5% |
| Other operating charges | 640/8 | €3,664 | €3,202 | -€462 | -12.6% |
| Non-recurring operating charges | 66A | €3,908 | €9,297 | +€5,389 | +137.9% |
| Gross operating margin | 9900 | €88,824 | €154,329 | +€65,505 | +73.7% |
| Operating profit (loss) | 9901 | €9,139 | €39,755 | +€30,616 | +335.0% |
| Financial charges | 65/66B | €900 | €3,123 | +€2,223 | +247.0% |
| Recurring financial charges | 65 | €900 | €3,123 | +€2,223 | +247.0% |
| Profit (loss) for the period before taxes | 9903 | €8,239 | €36,632 | +€28,393 | +344.6% |
| Income taxes | 67/77 | €11,262 | €21,607 | +€10,345 | +91.9% |
| Profit (loss) for the period | 9904 | -€3,023 | €15,025 | +€18,048 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,023 | €15,025 | +€18,048 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.