DENIMMO: 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.
DENIMMO
Largest movements
- Current investments +€387,669
up €387,669 (+46.5%), from €832,955 to €1.2m
- Tangible fixed assets -€47,172
down €47,172 (-7.6%), from €623,001 to €575,829
- Receivables within one year -€23,000
down €23,000 (-10.0%), from €229,994 to €206,994
- Reserves +€141,732
up €141,732 (+24.8%), from €571,187 to €712,919
of which Tax-exempt reserves: +€161,732
- Profit (loss) carried forward +€76,113
up €76,113 (+15.2%), from €501,369 to €577,482
- Provisions +€53,349
up €53,349 (+93.8%), from €56,891 to €110,240
of which Deferred taxes: +€53,349
- Tax, wage and social debts +€25,300
new in 2025: €25,300
- Gross operating margin +€58,850
up €58,850 (+17.6%), from €334,608 to €393,458
- Financial charges +€16,308
up €16,308 (+902.7%), from €1,807 to €18,115
- Financial income -€8,175
down €8,175 (-53.8%), from €15,186 to €7,010
- Taxes -€4,184
down €4,184 (-13.3%), from €31,490 to €27,306
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 | €1,718,037 | €2,023,889 | +€305,853 | +17.8% |
| Fixed assets | 21/28 | €623,002 | €575,830 | -€47,172 | -7.6% |
| Tangible fixed assets | 22/27 | €623,001 | €575,829 | -€47,172 | -7.6% |
| Land and buildings | 22 | €623,001 | €575,829 | -€47,172 | -7.6% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,095,035 | €1,448,059 | +€353,025 | +32.2% |
| Amounts receivable within one year | 40/41 | €229,994 | €206,994 | -€23,000 | -10.0% |
| Other amounts receivable | 41 | €229,994 | €206,994 | -€23,000 | -10.0% |
| Current investments | 50/53 | €832,955 | €1,220,624 | +€387,669 | +46.5% |
| Cash at bank and in hand | 54/58 | €24,087 | €7,815 | -€16,272 | -67.6% |
| Deferred charges and accrued income | 490/1 | €8,000 | €12,627 | +€4,627 | +57.8% |
| Total equity and liabilities | 10/49 | €1,718,037 | €2,023,889 | +€305,853 | +17.8% |
| Equity | 10/15 | €1,592,556 | €1,810,400 | +€217,844 | +13.7% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Capital | 10 | €520,000 | €520,000 | = | 0.0% |
| Issued capital | 100 | €520,000 | €520,000 | = | 0.0% |
| Reserves | 13 | €571,187 | €712,919 | +€141,732 | +24.8% |
| Non-distributable reserves | 130/1 | €52,000 | €52,000 | = | 0.0% |
| Legal reserve | 130 | €52,000 | €52,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €154,187 | €315,919 | +€161,732 | +104.9% |
| Distributable reserves | 133 | €365,000 | €345,000 | -€20,000 | -5.5% |
| Profit (loss) carried forward | 14 | €501,369 | €577,482 | +€76,113 | +15.2% |
| Provisions and deferred taxes | 16 | €56,891 | €110,240 | +€53,349 | +93.8% |
| Provisions for liabilities and charges | 160/5 | €1,000 | €1,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,000 | €1,000 | = | 0.0% |
| Deferred taxes | 168 | €55,891 | €109,240 | +€53,349 | +95.5% |
| Amounts payable | 17/49 | €68,590 | €103,249 | +€34,660 | +50.5% |
| Amounts payable within one year | 42/48 | €68,590 | €103,249 | +€34,660 | +50.5% |
| Trade debts | 44 | €14,340 | €8,700 | -€5,640 | -39.3% |
| Suppliers | 440/4 | €14,340 | €8,700 | -€5,640 | -39.3% |
| Taxes, remuneration and social security | 45 | - | €25,300 | +€25,300 | |
| Taxes | 450/3 | - | €25,300 | +€25,300 | |
| Other amounts payable | 47/48 | €54,250 | €69,250 | +€15,000 | +27.6% |
| Non-recurring operating income | 76A | €172,619 | €219,763 | +€47,143 | +27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,744 | €38,744 | = | 0.0% |
| Other operating charges | 640/8 | €26,444 | €25,111 | -€1,333 | -5.0% |
| Gross operating margin | 9900 | €334,608 | €393,458 | +€58,850 | +17.6% |
| Operating profit (loss) | 9901 | €269,420 | €329,603 | +€60,183 | +22.3% |
| Financial income | 75/76B | €15,186 | €7,010 | -€8,175 | -53.8% |
| Recurring financial income | 75 | €15,186 | €7,010 | -€8,175 | -53.8% |
| Financial charges | 65/66B | €1,807 | €18,115 | +€16,308 | +902.7% |
| Recurring financial charges | 65 | €1,807 | €18,115 | +€16,308 | +902.7% |
| Profit (loss) for the period before taxes | 9903 | €282,800 | €318,499 | +€35,699 | +12.6% |
| Transfer from deferred taxes | 780 | €1,592 | €1,592 | = | 0.0% |
| Transfer to deferred taxes | 680 | €43,155 | €54,941 | +€11,786 | +27.3% |
| Income taxes | 67/77 | €31,490 | €27,306 | -€4,184 | -13.3% |
| Profit (loss) for the period | 9904 | €209,747 | €237,844 | +€28,097 | +13.4% |
| Transfer from tax-exempt reserves | 789 | €3,090 | €3,090 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €129,464 | €164,822 | +€35,358 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,373 | €76,113 | -€7,260 | -8.7% |
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 1 October 2026 via checked.be.