DENIM PLUS: what changed
Two financial 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 PLUS
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+58.0%), from €2.0m to €3.1m
of which Trade receivables: +€1.1m
- Stocks and contracts +€657,342
up €657,342 (+228%), from €288,115 to €945,457
- Cash -€183,606
down €183,606 (-25.4%), from €721,899 to €538,293
mainly Receivables within one year (-€1.2m) and Trade debts (-€719,924)
- Deferred charges and accrued income -€71,333
down €71,333 (-37.3%), from €191,055 to €119,722
- Other debts +€850,949
up €850,949 (+257%), from €330,938 to €1.2m
- Short-term financial debts +€816,553
up €816,553 (+160,373%), from €509 to €817,062
- Trade debts -€719,924
down €719,924 (-69.6%), from €1.0m to €314,278
- Reserves +€494,201
up €494,201 (+39.6%), from €1.2m to €1.7m
- Advances received +€79,024
up €79,024 (+215%), from €36,799 to €115,822
- Gross operating margin +€1.3m
up €1.3m (+573%), from €226,167 to €1.5m
- Taxes +€298,272
up €298,272 (+646%), from €46,172 to €344,444
- Financial charges +€190,097
up €190,097 (+170%), from €111,727 to €301,824
- Financial income +€90,840
up €90,840 (+114%), from €79,560 to €170,400
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.
Derived cash bridge
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 | €3,199,233 | €4,753,958 | +€1.6m | +48.6% |
| Fixed assets | 21/28 | €9,581 | €8,945 | -€636 | -6.6% |
| Tangible fixed assets | 22/27 | €9,581 | €8,945 | -€636 | -6.6% |
| Plant, machinery and equipment | 23 | €9,581 | €8,945 | -€636 | -6.6% |
| Current assets | 29/58 | €3,189,652 | €4,745,013 | +€1.6m | +48.8% |
| Stocks and contracts in progress | 3 | €288,115 | €945,457 | +€657,342 | +228% |
| Stocks | 30/36 | €288,115 | €945,457 | +€657,342 | +228% |
| Amounts receivable within one year | 40/41 | €1,988,583 | €3,141,541 | +€1.2m | +58.0% |
| Trade receivables | 40 | €1,690,601 | €2,832,844 | +€1.1m | +67.6% |
| Other amounts receivable | 41 | €297,982 | €308,697 | +€10,714 | +3.6% |
| Cash at bank and in hand | 54/58 | €721,899 | €538,293 | -€183,606 | -25.4% |
| Deferred charges and accrued income | 490/1 | €191,055 | €119,722 | -€71,333 | -37.3% |
| Total equity and liabilities | 10/49 | €3,199,233 | €4,753,958 | +€1.6m | +48.6% |
| Equity | 10/15 | €1,267,542 | €1,761,742 | +€494,201 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,248,942 | €1,743,142 | +€494,201 | +39.6% |
| Distributable reserves | 133 | €1,248,942 | €1,743,142 | +€494,201 | +39.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,931,691 | €2,992,216 | +€1.1m | +54.9% |
| Amounts payable within one year | 42/48 | €1,402,447 | €2,487,493 | +€1.1m | +77.4% |
| Financial debts | 43 | €509 | €817,062 | +€816,553 | +160,373% |
| Credit institutions | 430/8 | €509 | €817,062 | +€816,553 | +160,373% |
| Trade debts | 44 | €1,034,202 | €314,278 | -€719,924 | -69.6% |
| Suppliers | 440/4 | €1,034,202 | €314,278 | -€719,924 | -69.6% |
| Advances received on contracts in progress | 46 | €36,799 | €115,822 | +€79,024 | +215% |
| Taxes, remuneration and social security | 45 | - | €58,444 | +€58,444 | |
| Taxes | 450/3 | - | €58,444 | +€58,444 | |
| Other amounts payable | 47/48 | €330,938 | €1,181,887 | +€850,949 | +257% |
| Accrued charges and deferred income | 492/3 | €529,244 | €504,723 | -€24,521 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €940 | €4,561 | +€3,621 | +385% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,427 | €1,604 | -€3,823 | -70.5% |
| Other operating charges | 640/8 | €2,739 | €15,670 | +€12,931 | +472% |
| Gross operating margin | 9900 | €226,167 | €1,521,903 | +€1.3m | +573% |
| Operating profit (loss) | 9901 | €217,061 | €1,500,069 | +€1.3m | +591% |
| Financial income | 75/76B | €79,560 | €170,400 | +€90,840 | +114% |
| Recurring financial income | 75 | €79,560 | €170,400 | +€90,840 | +114% |
| Financial charges | 65/66B | €111,727 | €301,824 | +€190,097 | +170% |
| Recurring financial charges | 65 | €111,727 | €301,824 | +€190,097 | +170% |
| Profit (loss) for the period before taxes | 9903 | €184,894 | €1,368,644 | +€1.2m | +640% |
| Income taxes | 67/77 | €46,172 | €344,444 | +€298,272 | +646% |
| Profit (loss) for the period | 9904 | €138,722 | €1,024,201 | +€885,478 | +638% |
| Profit (loss) for the period to be appropriated | 9905 | €138,722 | €1,024,201 | +€885,478 | +638% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.