DENIAND: 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.
DENIAND
Largest movements
- Cash +€120,186
up €120,186 (+64.5%), from €186,230 to €306,416
mainly Current investments (+€97,336) and Other debts (+€62,745)
- Current investments -€97,336
down €97,336 (-60.8%), from €160,000 to €62,663
- Tangible fixed assets -€7,809
down €7,809 (-34.3%), from €22,781 to €14,972
of which Furniture and vehicles: -€7,040
- Other debts +€62,745
up €62,745 (+67.0%), from €93,607 to €156,351
- Reserves -€43,100
down €43,100 (-15.8%), from €273,060 to €229,960
of which Distributable reserves: -€43,100
- Gross operating margin -€5,175
down €5,175 (-10.6%), from €48,702 to €43,527
- Taxes -€3,736
down €3,736 (-30.3%), from €12,315 to €8,580
- Financial income -€1,454
down €1,454 (-52.5%), from €2,769 to €1,315
- Depreciation +€803
up €803 (+7.3%), from €11,004 to €11,808
- Financial charges -€572
down €572 (-23.1%), from €2,475 to €1,904
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 | €383,713 | €402,248 | +€18,536 | +4.8% |
| Fixed assets | 21/28 | €22,781 | €14,972 | -€7,809 | -34.3% |
| Tangible fixed assets | 22/27 | €22,781 | €14,972 | -€7,809 | -34.3% |
| Plant, machinery and equipment | 23 | €2,789 | €2,020 | -€769 | -27.6% |
| Furniture and vehicles | 24 | €19,992 | €12,952 | -€7,040 | -35.2% |
| Current assets | 29/58 | €360,932 | €387,276 | +€26,344 | +7.3% |
| Amounts receivable within one year | 40/41 | €14,403 | €17,897 | +€3,494 | +24.3% |
| Trade receivables | 40 | €13,898 | €14,082 | +€184 | +1.3% |
| Other amounts receivable | 41 | €505 | €3,815 | +€3,310 | +656% |
| Current investments | 50/53 | €160,000 | €62,663 | -€97,336 | -60.8% |
| Cash at bank and in hand | 54/58 | €186,230 | €306,416 | +€120,186 | +64.5% |
| Deferred charges and accrued income | 490/1 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €383,713 | €402,248 | +€18,536 | +4.8% |
| Equity | 10/15 | €285,793 | €242,722 | -€43,071 | -15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,060 | €229,960 | -€43,100 | -15.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €271,200 | €228,100 | -€43,100 | -15.9% |
| Profit (loss) carried forward | 14 | €6,533 | €6,562 | +€29 | +0.4% |
| Amounts payable | 17/49 | €97,920 | €159,526 | +€61,607 | +62.9% |
| Amounts payable within one year | 42/48 | €97,920 | €159,526 | +€61,607 | +62.9% |
| Trade debts | 44 | €1,552 | €602 | -€950 | -61.2% |
| Suppliers | 440/4 | €1,552 | €602 | -€950 | -61.2% |
| Taxes, remuneration and social security | 45 | €2,761 | €2,573 | -€188 | -6.8% |
| Taxes | 450/3 | €2,761 | €2,573 | -€188 | -6.8% |
| Other amounts payable | 47/48 | €93,607 | €156,351 | +€62,745 | +67.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,004 | €11,808 | +€803 | +7.3% |
| Other operating charges | 640/8 | €454 | €622 | +€168 | +37.1% |
| Gross operating margin | 9900 | €48,702 | €43,527 | -€5,175 | -10.6% |
| Operating profit (loss) | 9901 | €37,244 | €31,097 | -€6,147 | -16.5% |
| Financial income | 75/76B | €2,769 | €1,315 | -€1,454 | -52.5% |
| Recurring financial income | 75 | €2,769 | €1,315 | -€1,454 | -52.5% |
| Financial charges | 65/66B | €2,475 | €1,904 | -€572 | -23.1% |
| Recurring financial charges | 65 | €2,475 | €1,904 | -€572 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €37,538 | €30,509 | -€7,029 | -18.7% |
| Income taxes | 67/77 | €12,315 | €8,580 | -€3,736 | -30.3% |
| Profit (loss) for the period | 9904 | €25,223 | €21,929 | -€3,294 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,223 | €21,929 | -€3,294 | -13.1% |
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 21 October 2026 via checked.be.