DENIMAT: 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.
DENIMAT
Largest movements
- Current investments +€94,433
up €94,433 (+52.0%), from €181,456 to €275,889
- Cash -€36,129
down €36,129 (-84.6%), from €42,724 to €6,595
mainly Current investments (-€94,433) and Investment in fixed assets (net) (-€67,994)
- Profit (loss) carried forward +€55,585
up €55,585 (+21.0%), from €265,142 to €320,728
- Trade debts -€46,669
down €46,669 (-79.5%), from €58,700 to €12,032
- Tax, wage and social debts +€36,437
up €36,437 (+916.7%), from €3,975 to €40,412
- Other debts +€9,000
up €9,000 (+20.7%), from €43,384 to €52,384
- Gross operating margin +€43,044
up €43,044 (+23.4%), from €183,738 to €226,782
- Staff costs +€42,584
up €42,584 (+367.9%), from €11,576 to €54,160
- Financial income -€7,301
down €7,301 (-82.8%), from €8,821 to €1,519
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 | €495,941 | €546,866 | +€50,925 | +10.3% |
| Fixed assets | 21/28 | €237,683 | €234,753 | -€2,930 | -1.2% |
| Tangible fixed assets | 22/27 | €207,596 | €204,666 | -€2,930 | -1.4% |
| Land and buildings | 22 | €5,096 | €5,096 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,184 | €2,583 | -€7,601 | -74.6% |
| Furniture and vehicles | 24 | €192,317 | €196,988 | +€4,671 | +2.4% |
| Financial fixed assets | 28 | €30,087 | €30,087 | = | 0.0% |
| Current assets | 29/58 | €258,258 | €312,113 | +€53,855 | +20.9% |
| Stocks and contracts in progress | 3 | €600 | €600 | = | 0.0% |
| Stocks | 30/36 | €600 | €600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,478 | €29,030 | -€4,448 | -13.3% |
| Trade receivables | 40 | €30,773 | €27,958 | -€2,814 | -9.1% |
| Other amounts receivable | 41 | €2,705 | €1,071 | -€1,634 | -60.4% |
| Current investments | 50/53 | €181,456 | €275,889 | +€94,433 | +52.0% |
| Cash at bank and in hand | 54/58 | €42,724 | €6,595 | -€36,129 | -84.6% |
| Total equity and liabilities | 10/49 | €495,941 | €546,866 | +€50,925 | +10.3% |
| Equity | 10/15 | €367,234 | €420,538 | +€53,304 | +14.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,499 | €81,218 | -€2,281 | -2.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €61,640 | €59,359 | -€2,281 | -3.7% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,142 | €320,728 | +€55,585 | +21.0% |
| Provisions and deferred taxes | 16 | €21,561 | €20,801 | -€760 | -3.5% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Deferred taxes | 168 | €1,561 | €801 | -€760 | -48.7% |
| Amounts payable | 17/49 | €107,146 | €105,528 | -€1,619 | -1.5% |
| Amounts payable within one year | 42/48 | €106,059 | €104,828 | -€1,231 | -1.2% |
| Trade debts | 44 | €58,700 | €12,032 | -€46,669 | -79.5% |
| Suppliers | 440/4 | €58,700 | €12,032 | -€46,669 | -79.5% |
| Taxes, remuneration and social security | 45 | €3,975 | €40,412 | +€36,437 | +916.7% |
| Taxes | 450/3 | €3,975 | €40,412 | +€36,437 | +916.7% |
| Other amounts payable | 47/48 | €43,384 | €52,384 | +€9,000 | +20.7% |
| Accrued charges and deferred income | 492/3 | €1,087 | €700 | -€387 | -35.6% |
| Remuneration, social security and pensions | 62 | €11,576 | €54,160 | +€42,584 | +367.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,025 | €70,924 | -€101 | -0.1% |
| Other operating charges | 640/8 | €12,344 | €11,408 | -€936 | -7.6% |
| Gross operating margin | 9900 | €183,738 | €226,782 | +€43,044 | +23.4% |
| Operating profit (loss) | 9901 | €88,793 | €90,290 | +€1,498 | +1.7% |
| Financial income | 75/76B | €8,821 | €1,519 | -€7,301 | -82.8% |
| Recurring financial income | 75 | €8,821 | €1,519 | -€7,301 | -82.8% |
| Financial charges | 65/66B | €588 | €1,137 | +€549 | +93.3% |
| Recurring financial charges | 65 | €588 | €1,137 | +€549 | +93.3% |
| Profit (loss) for the period before taxes | 9903 | €97,025 | €90,673 | -€6,353 | -6.5% |
| Transfer from deferred taxes | 780 | €1,531 | €760 | -€771 | -50.4% |
| Income taxes | 67/77 | €24,712 | €23,129 | -€1,583 | -6.4% |
| Profit (loss) for the period | 9904 | €73,845 | €68,304 | -€5,541 | -7.5% |
| Transfer from tax-exempt reserves | 789 | €4,594 | €2,281 | -€2,313 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,440 | €70,585 | -€7,854 | -10.0% |
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 4 October 2026 via checked.be.