DENIMO: 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.
DENIMO
Largest movements
- Tangible fixed assets -€70,739
down €70,739 (-4.0%), from €1.8m to €1.7m
of which Land and buildings: -€86,565
- Cash -€29,350
down €29,350 (-32.6%), from €89,944 to €60,594
mainly Other debts (-€66,423) and Debts after one year (-€43,236)
- Other debts -€66,423
down €66,423 (-8.0%), from €825,814 to €759,391
- Profit (loss) carried forward +€52,246
up €52,246 (+7.5%), from €694,825 to €747,072
- Debts after one year -€43,236
down €43,236 (-20.7%), from €208,422 to €165,186
- Current portion of long-term debt -€30,051
down €30,051 (-39.9%), from €75,229 to €45,178
- Gross operating margin +€36,623
up €36,623 (+23.1%), from €158,360 to €194,983
- Financial income -€23,903
down €23,903 (-98.9%), from €24,162 to €259
of which Non-recurring financial income: -€23,933
- Other operating charges -€4,986
down €4,986 (-16.5%), from €30,262 to €25,276
- Depreciation +€3,235
up €3,235 (+3.6%), from €90,808 to €94,043
- Financial charges +€2,656
up €2,656 (+47.8%), from €5,552 to €8,208
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 | €1,888,615 | €1,790,064 | -€98,551 | -5.2% |
| Fixed assets | 21/28 | €1,759,095 | €1,688,355 | -€70,739 | -4.0% |
| Tangible fixed assets | 22/27 | €1,758,971 | €1,688,231 | -€70,739 | -4.0% |
| Land and buildings | 22 | €1,717,290 | €1,630,726 | -€86,565 | -5.0% |
| Plant, machinery and equipment | 23 | €41,681 | €57,506 | +€15,825 | +38.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €129,521 | €101,709 | -€27,812 | -21.5% |
| Amounts receivable within one year | 40/41 | €26,930 | €36,814 | +€9,883 | +36.7% |
| Other amounts receivable | 41 | €26,930 | €36,814 | +€9,883 | +36.7% |
| Cash at bank and in hand | 54/58 | €89,944 | €60,594 | -€29,350 | -32.6% |
| Deferred charges and accrued income | 490/1 | €12,647 | €4,302 | -€8,345 | -66.0% |
| Total equity and liabilities | 10/49 | €1,888,615 | €1,790,064 | -€98,551 | -5.2% |
| Equity | 10/15 | €763,025 | €815,272 | +€52,246 | +6.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €694,825 | €747,072 | +€52,246 | +7.5% |
| Amounts payable | 17/49 | €1,125,590 | €974,793 | -€150,797 | -13.4% |
| Amounts payable after more than one year | 17 | €208,422 | €165,186 | -€43,236 | -20.7% |
| Financial debts | 170/4 | €208,422 | €165,186 | -€43,236 | -20.7% |
| Amounts payable within one year | 42/48 | €917,168 | €809,607 | -€107,561 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €75,229 | €45,178 | -€30,051 | -39.9% |
| Trade debts | 44 | €16,124 | €5,038 | -€11,087 | -68.8% |
| Suppliers | 440/4 | €16,124 | €5,038 | -€11,087 | -68.8% |
| Other amounts payable | 47/48 | €825,814 | €759,391 | -€66,423 | -8.0% |
| Non-recurring operating income | 76A | - | €16,911 | +€16,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,808 | €94,043 | +€3,235 | +3.6% |
| Other operating charges | 640/8 | €30,262 | €25,276 | -€4,986 | -16.5% |
| Gross operating margin | 9900 | €158,360 | €194,983 | +€36,623 | +23.1% |
| Operating profit (loss) | 9901 | €37,290 | €75,664 | +€38,374 | +102.9% |
| Financial income | 75/76B | €24,162 | €259 | -€23,903 | -98.9% |
| Recurring financial income | 75 | €229 | €259 | +€30 | +13.1% |
| Non-recurring financial income | 76B | €23,933 | - | -€23,933 | |
| Financial charges | 65/66B | €5,552 | €8,208 | +€2,656 | +47.8% |
| Recurring financial charges | 65 | €5,552 | €8,208 | +€2,656 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €55,901 | €67,715 | +€11,814 | +21.1% |
| Income taxes | 67/77 | €14,435 | €15,469 | +€1,033 | +7.2% |
| Profit (loss) for the period | 9904 | €41,465 | €52,246 | +€10,781 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,465 | €52,246 | +€10,781 | +26.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.