Deniko: 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.
Deniko
Largest movements
- Current investments +€18,720
up €18,720 (+187.9%), from €9,960 to €28,680
- Cash -€6,474
down €6,474 (-25.2%), from €25,675 to €19,201
mainly Current investments (-€18,720) and Tax, wage and social debts (-€669)
- Tangible fixed assets -€4,491
down €4,491 (-26.2%), from €17,147 to €12,657
- Reserves +€7,058
up €7,058 (+29.9%), from €23,579 to €30,637
- Other debts +€1,210
up €1,210 (+7.0%), from €17,312 to €18,522
- Tax, wage and social debts -€669
down €669 (-9.4%), from €7,132 to €6,463
of which Taxes: -€669
- Gross operating margin -€3,088
down €3,088 (-15.1%), from €20,477 to €17,389
- Taxes -€934
down €934 (-20.9%), from €4,467 to €3,533
- Financial charges +€623
up €623 (+64.3%), from €969 to €1,592
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 | €54,668 | €62,391 | +€7,723 | +14.1% |
| Fixed assets | 21/28 | €17,147 | €12,657 | -€4,491 | -26.2% |
| Tangible fixed assets | 22/27 | €17,147 | €12,657 | -€4,491 | -26.2% |
| Furniture and vehicles | 24 | €17,147 | €12,657 | -€4,491 | -26.2% |
| Current assets | 29/58 | €37,521 | €49,734 | +€12,213 | +32.6% |
| Amounts receivable within one year | 40/41 | €467 | €467 | +€0 | 0.0% |
| Trade receivables | 40 | €467 | €0 | -€467 | -100.0% |
| Other amounts receivable | 41 | - | €467 | +€467 | |
| Current investments | 50/53 | €9,960 | €28,680 | +€18,720 | +187.9% |
| Cash at bank and in hand | 54/58 | €25,675 | €19,201 | -€6,474 | -25.2% |
| Deferred charges and accrued income | 490/1 | €1,419 | €1,386 | -€32 | -2.3% |
| Total equity and liabilities | 10/49 | €54,668 | €62,391 | +€7,723 | +14.1% |
| Equity | 10/15 | €28,579 | €35,637 | +€7,058 | +24.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,579 | €30,637 | +€7,058 | +29.9% |
| Distributable reserves | 133 | €23,579 | €30,637 | +€7,058 | +29.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €26,090 | €26,754 | +€665 | +2.5% |
| Amounts payable within one year | 42/48 | €25,179 | €25,576 | +€397 | +1.6% |
| Trade debts | 44 | €735 | €590 | -€144 | -19.6% |
| Suppliers | 440/4 | €735 | €590 | -€144 | -19.6% |
| Taxes, remuneration and social security | 45 | €7,132 | €6,463 | -€669 | -9.4% |
| Taxes | 450/3 | €5,432 | €4,763 | -€669 | -12.3% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €17,312 | €18,522 | +€1,210 | +7.0% |
| Accrued charges and deferred income | 492/3 | €911 | €1,178 | +€267 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,491 | €4,491 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €715 | +€187 | +35.3% |
| Non-recurring operating charges | 66A | €86 | €0 | -€86 | -100.0% |
| Gross operating margin | 9900 | €20,477 | €17,389 | -€3,088 | -15.1% |
| Operating profit (loss) | 9901 | €15,372 | €12,183 | -€3,189 | -20.7% |
| Financial charges | 65/66B | €969 | €1,592 | +€623 | +64.3% |
| Recurring financial charges | 65 | €969 | €1,592 | +€623 | +64.3% |
| Profit (loss) for the period before taxes | 9903 | €14,403 | €10,591 | -€3,812 | -26.5% |
| Income taxes | 67/77 | €4,467 | €3,533 | -€934 | -20.9% |
| Profit (loss) for the period | 9904 | €9,936 | €7,058 | -€2,878 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,936 | €7,058 | -€2,878 | -29.0% |
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 7 October 2026 via checked.be.