DENEY: 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.
DENEY
Largest movements
- Tangible fixed assets -€8,775
down €8,775 (-89.5%), from €9,799 to €1,024
of which Furniture and vehicles: -€8,033
- Cash +€7,406
up €7,406 (+192%), from €3,853 to €11,259
mainly Depreciation (+€8,775) and Net result for the year (+€6,783)
- Receivables within one year -€2,294
down €2,294 (-24.4%), from €9,398 to €7,104
- Profit (loss) carried forward +€6,783
up €6,783 (+74.1%), from -€9,158 to -€2,375
- Current portion of long-term debt -€5,161
no longer reported in 2025 (was €5,161)
- Trade debts -€4,787
down €4,787 (-92.7%), from €5,166 to €379
- Other debts -€2,738
no longer reported in 2025 (was €2,738)
- Tax, wage and social debts +€2,347
up €2,347 (+102%), from €2,298 to €4,645
of which Remuneration and social security: +€1,923
- Gross operating margin +€9,783
up €9,783 (+131%), from €7,470 to €17,253
- Taxes +€679
up €679 (+487%), from €140 to €819
- Depreciation +€259
up €259 (+3.0%), from €8,516 to €8,775
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 | €24,847 | €21,291 | -€3,556 | -14.3% |
| Fixed assets | 21/28 | €9,827 | €1,052 | -€8,775 | -89.3% |
| Tangible fixed assets | 22/27 | €9,799 | €1,024 | -€8,775 | -89.5% |
| Plant, machinery and equipment | 23 | €1,766 | €1,024 | -€742 | -42.0% |
| Furniture and vehicles | 24 | €8,033 | €0 | -€8,033 | -100% |
| Financial fixed assets | 28 | €28 | €28 | = | 0.0% |
| Current assets | 29/58 | €15,020 | €20,239 | +€5,219 | +34.7% |
| Amounts receivable within one year | 40/41 | €9,398 | €7,104 | -€2,294 | -24.4% |
| Trade receivables | 40 | €9,398 | €7,104 | -€2,294 | -24.4% |
| Cash at bank and in hand | 54/58 | €3,853 | €11,259 | +€7,406 | +192% |
| Deferred charges and accrued income | 490/1 | €1,769 | €1,876 | +€107 | +6.1% |
| Total equity and liabilities | 10/49 | €24,847 | €21,291 | -€3,556 | -14.3% |
| Equity | 10/15 | €9,484 | €16,267 | +€6,783 | +71.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43 | €43 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43 | €43 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43 | €43 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,158 | -€2,375 | +€6,783 | +74.1% |
| Amounts payable | 17/49 | €15,363 | €5,024 | -€10,339 | -67.3% |
| Amounts payable within one year | 42/48 | €15,363 | €5,024 | -€10,339 | -67.3% |
| Current portion of amounts payable after more than one year | 42 | €5,161 | - | -€5,161 | |
| Trade debts | 44 | €5,166 | €379 | -€4,787 | -92.7% |
| Suppliers | 440/4 | €5,166 | €379 | -€4,787 | -92.7% |
| Taxes, remuneration and social security | 45 | €2,298 | €4,645 | +€2,347 | +102% |
| Taxes | 450/3 | €2,298 | €2,722 | +€424 | +18.4% |
| Remuneration and social security | 454/9 | - | €1,923 | +€1,923 | |
| Other amounts payable | 47/48 | €2,738 | - | -€2,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,516 | €8,775 | +€259 | +3.0% |
| Other operating charges | 640/8 | €814 | €775 | -€39 | -4.8% |
| Gross operating margin | 9900 | €7,470 | €17,253 | +€9,783 | +131% |
| Operating profit (loss) | 9901 | -€1,860 | €7,703 | +€9,563 | |
| Financial income | 75/76B | €25 | - | -€25 | |
| Recurring financial income | 75 | €25 | - | -€25 | |
| Financial charges | 65/66B | €269 | €101 | -€168 | -62.4% |
| Recurring financial charges | 65 | €269 | €101 | -€168 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,104 | €7,602 | +€9,706 | |
| Income taxes | 67/77 | €140 | €819 | +€679 | +487% |
| Profit (loss) for the period | 9904 | -€2,243 | €6,783 | +€9,026 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,243 | €6,783 | +€9,026 |
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 13 October 2026 via checked.be.