DENIDO: 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.
DENIDO
Largest movements
- Receivables within one year +€2,945
up €2,945 (+18.7%), from €15,741 to €18,686
of which Trade receivables: +€5,113
- Cash +€2,441
up €2,441 (+81.0%), from €3,015 to €5,456
mainly Trade debts (+€9,179) and Depreciation (+€1,828)
- Financial fixed assets +€1,350
new in 2025: €1,350
- Tangible fixed assets +€426
up €426 (+11.3%), from €3,777 to €4,203
of which Plant, machinery and equipment: +€359
- Trade debts +€9,179
up €9,179 (+1082.7%), from €848 to €10,027
- Tax, wage and social debts -€3,050
down €3,050 (-92.3%), from €3,303 to €254
- Reserves +€1,033
up €1,033 (+7.7%), from €13,382 to €14,415
- Gross operating margin -€14,520
down €14,520 (-78.9%), from €18,405 to €3,884
- Taxes -€3,050
down €3,050 (-92.3%), from €3,303 to €254
- Depreciation +€1,145
up €1,145 (+167.9%), from €682 to €1,828
- Other operating charges -€302
down €302 (-30.5%), from €990 to €688
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 | €22,534 | €29,696 | +€7,162 | +31.8% |
| Fixed assets | 21/28 | €3,777 | €5,553 | +€1,776 | +47.0% |
| Tangible fixed assets | 22/27 | €3,777 | €4,203 | +€426 | +11.3% |
| Plant, machinery and equipment | 23 | €1,092 | €1,451 | +€359 | +32.9% |
| Furniture and vehicles | 24 | €2,685 | €2,752 | +€67 | +2.5% |
| Financial fixed assets | 28 | - | €1,350 | +€1,350 | |
| Current assets | 29/58 | €18,756 | €24,143 | +€5,386 | +28.7% |
| Amounts receivable within one year | 40/41 | €15,741 | €18,686 | +€2,945 | +18.7% |
| Trade receivables | 40 | €12,090 | €17,203 | +€5,113 | +42.3% |
| Other amounts receivable | 41 | €3,651 | €1,483 | -€2,168 | -59.4% |
| Cash at bank and in hand | 54/58 | €3,015 | €5,456 | +€2,441 | +81.0% |
| Total equity and liabilities | 10/49 | €22,534 | €29,696 | +€7,162 | +31.8% |
| Equity | 10/15 | €18,382 | €19,415 | +€1,033 | +5.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,382 | €14,415 | +€1,033 | +7.7% |
| Distributable reserves | 133 | €13,382 | €14,415 | +€1,033 | +7.7% |
| Amounts payable | 17/49 | €4,151 | €10,281 | +€6,129 | +147.7% |
| Amounts payable within one year | 42/48 | €4,151 | €10,281 | +€6,129 | +147.7% |
| Trade debts | 44 | €848 | €10,027 | +€9,179 | +1082.7% |
| Suppliers | 440/4 | €848 | €10,027 | +€9,179 | +1082.7% |
| Taxes, remuneration and social security | 45 | €3,303 | €254 | -€3,050 | -92.3% |
| Taxes | 450/3 | €3,303 | €254 | -€3,050 | -92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682 | €1,828 | +€1,145 | +167.9% |
| Other operating charges | 640/8 | €990 | €688 | -€302 | -30.5% |
| Gross operating margin | 9900 | €18,405 | €3,884 | -€14,520 | -78.9% |
| Operating profit (loss) | 9901 | €16,732 | €1,369 | -€15,363 | -91.8% |
| Financial charges | 65/66B | €47 | €82 | +€36 | +77.1% |
| Recurring financial charges | 65 | €47 | €82 | +€36 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €16,686 | €1,286 | -€15,399 | -92.3% |
| Income taxes | 67/77 | €3,303 | €254 | -€3,050 | -92.3% |
| Profit (loss) for the period | 9904 | €13,382 | €1,033 | -€12,350 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,382 | €1,033 | -€12,350 | -92.3% |
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 6 October 2026 via checked.be.