DENEYER: 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.
DENEYER
Largest movements
- Receivables within one year -€373,608
down €373,608 (-98.1%), from €380,842 to €7,234
of which Trade receivables: -€369,958
- Current investments +€300,000
up €300,000 (+400%), from €75,000 to €375,000
- Cash -€144,849
down €144,849 (-76.2%), from €190,208 to €45,358
mainly Current investments (-€300,000) and Trade debts (-€232,970)
- Deferred charges and accrued income -€115,393
no longer reported in 2026 (was €115,393)
- Trade debts -€232,970
down €232,970 (-99.2%), from €234,764 to €1,795
- Tax, wage and social debts -€83,205
no longer reported in 2026 (was €83,205)
- Profit (loss) carried forward -€28,935
down €28,935 (-16.8%), from €172,398 to €143,463
- Other debts +€8,746
up €8,746 (+59.5%), from €14,692 to €23,438
- Gross operating margin -€461,129
down €461,129, from €438,138 to -€22,991
- Staff costs -€145,646
down €145,646 (-98.6%), from €147,746 to €2,100
- Taxes -€83,205
no longer reported in 2026 (was €83,205)
- Financial charges -€12,554
down €12,554 (-82.4%), from €15,243 to €2,689
- Other operating charges -€6,846
down €6,846 (-85.6%), from €8,001 to €1,155
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €763,956 | €427,593 | -€336,363 | -44.0% |
| Fixed assets | 21/28 | €2,513 | - | -€2,513 | |
| Tangible fixed assets | 22/27 | €2,513 | - | -€2,513 | |
| Furniture and vehicles | 24 | €2,513 | - | -€2,513 | |
| Current assets | 29/58 | €761,444 | €427,593 | -€333,851 | -43.8% |
| Amounts receivable within one year | 40/41 | €380,842 | €7,234 | -€373,608 | -98.1% |
| Trade receivables | 40 | €376,958 | €7,000 | -€369,958 | -98.1% |
| Other amounts receivable | 41 | €3,884 | €234 | -€3,650 | -94.0% |
| Current investments | 50/53 | €75,000 | €375,000 | +€300,000 | +400% |
| Cash at bank and in hand | 54/58 | €190,208 | €45,358 | -€144,849 | -76.2% |
| Deferred charges and accrued income | 490/1 | €115,393 | - | -€115,393 | |
| Total equity and liabilities | 10/49 | €763,956 | €427,593 | -€336,363 | -44.0% |
| Equity | 10/15 | €431,295 | €402,360 | -€28,935 | -6.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €238,897 | €238,897 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,739 | €12,739 | = | 0.0% |
| Distributable reserves | 133 | €224,158 | €224,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,398 | €143,463 | -€28,935 | -16.8% |
| Amounts payable | 17/49 | €332,661 | €25,233 | -€307,428 | -92.4% |
| Amounts payable within one year | 42/48 | €332,661 | €25,233 | -€307,428 | -92.4% |
| Trade debts | 44 | €234,764 | €1,795 | -€232,970 | -99.2% |
| Suppliers | 440/4 | €234,764 | €1,795 | -€232,970 | -99.2% |
| Taxes, remuneration and social security | 45 | €83,205 | - | -€83,205 | |
| Taxes | 450/3 | €83,205 | - | -€83,205 | |
| Other amounts payable | 47/48 | €14,692 | €23,438 | +€8,746 | +59.5% |
| Non-recurring operating income | 76A | €330,502 | €5,785 | -€324,717 | -98.2% |
| Remuneration, social security and pensions | 62 | €147,746 | €2,100 | -€145,646 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,313 | - | -€2,313 | |
| Other operating charges | 640/8 | €8,001 | €1,155 | -€6,846 | -85.6% |
| Gross operating margin | 9900 | €438,138 | -€22,991 | -€461,129 | |
| Operating profit (loss) | 9901 | €280,079 | -€26,246 | -€306,324 | |
| Financial income | 75/76B | €169 | €0 | -€169 | -100.0% |
| Recurring financial income | 75 | €169 | €0 | -€169 | -100.0% |
| Financial charges | 65/66B | €15,243 | €2,689 | -€12,554 | -82.4% |
| Recurring financial charges | 65 | €15,243 | €2,689 | -€12,554 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €265,005 | -€28,935 | -€293,940 | |
| Income taxes | 67/77 | €83,205 | - | -€83,205 | |
| Profit (loss) for the period | 9904 | €181,800 | -€28,935 | -€210,735 | |
| Profit (loss) for the period to be appropriated | 9905 | €181,800 | -€28,935 | -€210,735 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.