DENIANEX: 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.
DENIANEX
Largest movements
- Current investments +€35,000
up €35,000 (+18.9%), from €185,000 to €220,000
- Tangible fixed assets -€14,747
down €14,747 (-15.0%), from €98,036 to €83,289
of which Furniture and vehicles: -€7,770
- Reserves +€36,324
up €36,324 (+40.6%), from €89,428 to €125,751
of which Distributable reserves: +€36,324
- Other debts -€11,993
down €11,993 (-8.4%), from €141,993 to €130,000
- Gross operating margin +€10,155
up €10,155 (+19.0%), from €53,583 to €63,739
- Financial charges -€2,160
down €2,160 (-18.6%), from €11,619 to €9,458
- Financial income -€1,671
down €1,671 (-30.6%), from €5,464 to €3,792
- Taxes +€1,002
up €1,002 (+36.3%), from €2,762 to €3,764
- Depreciation -€748
down €748 (-4.8%), from €15,495 to €14,747
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.
Cash bridge derived
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 | €449,471 | €467,669 | +€18,197 | +4.0% |
| Fixed assets | 21/28 | €251,274 | €236,527 | -€14,747 | -5.9% |
| Tangible fixed assets | 22/27 | €98,036 | €83,289 | -€14,747 | -15.0% |
| Land and buildings | 22 | €69,398 | €62,422 | -€6,977 | -10.1% |
| Furniture and vehicles | 24 | €28,638 | €20,868 | -€7,770 | -27.1% |
| Financial fixed assets | 28 | €153,238 | €153,238 | = | 0.0% |
| Current assets | 29/58 | €198,197 | €231,141 | +€32,944 | +16.6% |
| Amounts receivable within one year | 40/41 | €1,479 | €1,006 | -€473 | -32.0% |
| Other amounts receivable | 41 | €1,479 | €1,006 | -€473 | -32.0% |
| Current investments | 50/53 | €185,000 | €220,000 | +€35,000 | +18.9% |
| Cash at bank and in hand | 54/58 | €11,234 | €9,631 | -€1,603 | -14.3% |
| Deferred charges and accrued income | 490/1 | €484 | €504 | +€21 | +4.2% |
| Total equity and liabilities | 10/49 | €449,471 | €467,669 | +€18,197 | +4.0% |
| Equity | 10/15 | €275,428 | €311,751 | +€36,324 | +13.2% |
| Contributions | 10/11 | €186,000 | €186,000 | = | 0.0% |
| Capital | 10 | €186,000 | €186,000 | = | 0.0% |
| Issued capital | 100 | €186,000 | €186,000 | = | 0.0% |
| Reserves | 13 | €89,428 | €125,751 | +€36,324 | +40.6% |
| Non-distributable reserves | 130/1 | €18,600 | €18,600 | = | 0.0% |
| Legal reserve | 130 | €18,600 | €18,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €179 | €179 | = | 0.0% |
| Distributable reserves | 133 | €70,648 | €106,972 | +€36,324 | +51.4% |
| Amounts payable | 17/49 | €174,044 | €155,917 | -€18,126 | -10.4% |
| Amounts payable within one year | 42/48 | €169,044 | €150,917 | -€18,126 | -10.7% |
| Trade debts | 44 | €2,919 | €65 | -€2,854 | -97.8% |
| Suppliers | 440/4 | €2,919 | €65 | -€2,854 | -97.8% |
| Taxes, remuneration and social security | 45 | €24,132 | €20,853 | -€3,280 | -13.6% |
| Taxes | 450/3 | €24,132 | €20,853 | -€3,280 | -13.6% |
| Other amounts payable | 47/48 | €141,993 | €130,000 | -€11,993 | -8.4% |
| Accrued charges and deferred income | 492/3 | €5,000 | €5,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,495 | €14,747 | -€748 | -4.8% |
| Other operating charges | 640/8 | €3,149 | €3,238 | +€89 | +2.8% |
| Gross operating margin | 9900 | €53,583 | €63,739 | +€10,155 | +19.0% |
| Operating profit (loss) | 9901 | €34,939 | €45,754 | +€10,815 | +31.0% |
| Financial income | 75/76B | €5,464 | €3,792 | -€1,671 | -30.6% |
| Recurring financial income | 75 | €5,464 | €3,792 | -€1,671 | -30.6% |
| Financial charges | 65/66B | €11,619 | €9,458 | -€2,160 | -18.6% |
| Recurring financial charges | 65 | €11,619 | €9,458 | -€2,160 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €28,784 | €40,088 | +€11,304 | +39.3% |
| Income taxes | 67/77 | €2,762 | €3,764 | +€1,002 | +36.3% |
| Profit (loss) for the period | 9904 | €26,022 | €36,324 | +€10,302 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,022 | €36,324 | +€10,302 | +39.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.