Denico: 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.
Denico
Largest movements
- Cash -€4,317
down €4,317 (-4.1%), from €106,104 to €101,787
mainly Net result for the year (-€3,915) and Other debts (-€1,134)
- Reserves -€3,915
down €3,915 (-4.8%), from €80,745 to €76,830
of which Distributable reserves: -€3,915
- Financial income -€5,439
down €5,439 (-97.9%), from €5,553 to €114
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 | €268,737 | €263,688 | -€5,049 | -1.9% |
| Fixed assets | 21/28 | €48,271 | €47,621 | -€650 | -1.3% |
| Tangible fixed assets | 22/27 | €48,271 | €47,621 | -€650 | -1.3% |
| Land and buildings | 22 | €47,024 | €47,024 | = | 0.0% |
| Furniture and vehicles | 24 | €1,247 | €597 | -€650 | -52.1% |
| Current assets | 29/58 | €220,466 | €216,067 | -€4,399 | -2.0% |
| Amounts receivable within one year | 40/41 | €114,362 | €114,280 | -€82 | -0.1% |
| Other amounts receivable | 41 | €114,362 | €114,280 | -€82 | -0.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €106,104 | €101,787 | -€4,317 | -4.1% |
| Total equity and liabilities | 10/49 | €268,737 | €263,688 | -€5,049 | -1.9% |
| Equity | 10/15 | €266,665 | €262,750 | -€3,915 | -1.5% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €80,745 | €76,830 | -€3,915 | -4.8% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Distributable reserves | 133 | €62,153 | €58,238 | -€3,915 | -6.3% |
| Amounts payable | 17/49 | €2,071 | €937 | -€1,134 | -54.7% |
| Amounts payable within one year | 42/48 | €1,571 | €437 | -€1,134 | -72.2% |
| Other amounts payable | 47/48 | €1,571 | €437 | -€1,134 | -72.2% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €650 | = | 0.0% |
| Other operating charges | 640/8 | €634 | €652 | +€18 | +2.8% |
| Gross operating margin | 9900 | -€2,651 | -€2,645 | +€6 | +0.2% |
| Operating profit (loss) | 9901 | -€3,935 | -€3,947 | -€12 | -0.3% |
| Financial income | 75/76B | €5,553 | €114 | -€5,439 | -97.9% |
| Recurring financial income | 75 | €5,553 | €114 | -€5,439 | -97.9% |
| Financial charges | 65/66B | €63 | €82 | +€19 | +30.0% |
| Recurring financial charges | 65 | €63 | €82 | +€19 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €1,554 | -€3,915 | -€5,470 | |
| Profit (loss) for the period | 9904 | €1,554 | -€3,915 | -€5,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,554 | -€3,915 | -€5,470 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.