DENIM: 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.
DENIM
Largest movements
- Receivables within one year +€95,202
up €95,202 (+8.1%), from €1.2m to €1.3m
- Cash -€25,338
down €25,338 (-99.8%), from €25,379 to €40
mainly Receivables within one year (-€95,202) and Current portion of long-term debt (-€60,350)
- Tangible fixed assets -€14,953
down €14,953 (-11.9%), from €125,455 to €110,501
of which Furniture and vehicles: -€9,181
- Trade debts +€180,278
up €180,278 (+24.3%), from €742,989 to €923,267
of which Suppliers: +€142,963
- Current portion of long-term debt -€60,350
no longer reported in 2024 (was €60,350)
- Accrued charges and deferred income -€40,950
down €40,950 (-8.4%), from €490,369 to €449,419
- Profit (loss) carried forward -€24,067
down €24,067 (-3.5%), from -€683,538 to -€707,605
- Other operating charges +€66,082
up €66,082 (+1239.1%), from €5,333 to €71,415
- Financial charges +€28,154
up €28,154, from -€25,503 to €2,651
- Financial income +€13,635
up €13,635 (+22.4%), from €60,976 to €74,610
- Gross operating margin -€6,351
down €6,351 (-192.0%), from -€3,307 to -€9,658
- Depreciation -€485
down €485 (-3.1%), from €15,438 to €14,953
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,326,469 | €1,381,380 | +€54,910 | +4.1% |
| Fixed assets | 21/28 | €125,735 | €110,781 | -€14,953 | -11.9% |
| Tangible fixed assets | 22/27 | €125,455 | €110,501 | -€14,953 | -11.9% |
| Land and buildings | 22 | €100,666 | €95,087 | -€5,579 | -5.5% |
| Plant, machinery and equipment | 23 | €194 | - | -€194 | |
| Furniture and vehicles | 24 | €24,595 | €15,415 | -€9,181 | -37.3% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €1,200,734 | €1,270,598 | +€69,864 | +5.8% |
| Amounts receivable within one year | 40/41 | €1,175,356 | €1,270,558 | +€95,202 | +8.1% |
| Other amounts receivable | 41 | €1,175,356 | €1,270,558 | +€95,202 | +8.1% |
| Cash at bank and in hand | 54/58 | €25,379 | €40 | -€25,338 | -99.8% |
| Total equity and liabilities | 10/49 | €1,326,469 | €1,381,380 | +€54,910 | +4.1% |
| Equity | 10/15 | €28,909 | €4,841 | -€24,067 | -83.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €693,846 | €693,846 | = | 0.0% |
| 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 | €691,986 | €691,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€683,538 | -€707,605 | -€24,067 | -3.5% |
| Amounts payable | 17/49 | €1,297,561 | €1,376,538 | +€78,978 | +6.1% |
| Amounts payable within one year | 42/48 | €807,192 | €927,120 | +€119,928 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €60,350 | - | -€60,350 | |
| Trade debts | 44 | €742,989 | €923,267 | +€180,278 | +24.3% |
| Suppliers | 440/4 | €742,989 | €885,952 | +€142,963 | +19.2% |
| Bills of exchange payable | 441 | - | €37,315 | +€37,315 | |
| Other amounts payable | 47/48 | €3,853 | €3,853 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €490,369 | €449,419 | -€40,950 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,438 | €14,953 | -€485 | -3.1% |
| Other operating charges | 640/8 | €5,333 | €71,415 | +€66,082 | +1239.1% |
| Gross operating margin | 9900 | -€3,307 | -€9,658 | -€6,351 | -192.0% |
| Operating profit (loss) | 9901 | -€24,079 | -€96,027 | -€71,948 | -298.8% |
| Financial income | 75/76B | €60,976 | €74,610 | +€13,635 | +22.4% |
| Recurring financial income | 75 | €60,976 | €74,610 | +€13,635 | +22.4% |
| Financial charges | 65/66B | -€25,503 | €2,651 | +€28,154 | |
| Recurring financial charges | 65 | -€25,503 | €2,651 | +€28,154 | |
| Profit (loss) for the period before taxes | 9903 | €62,400 | -€24,067 | -€86,467 | |
| Profit (loss) for the period | 9904 | €62,400 | -€24,067 | -€86,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,400 | -€24,067 | -€86,467 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.