DENIS 1: 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.
DENIS 1
Largest movements
- Tangible fixed assets +€33,148
new in 2025: €33,148
- Receivables within one year +€6,879
up €6,879 (+5622.1%), from €122 to €7,001
of which Trade receivables: +€7,001
- Cash -€2,417
down €2,417 (-60.8%), from €3,978 to €1,561
mainly Investment in fixed assets (net) (-€36,161) and Receivables within one year (-€6,879)
- Debts after one year +€32,355
new in 2025: €32,355
- Profit (loss) carried forward -€6,654
down €6,654 (-732.7%), from -€908 to -€7,562
- Trade debts +€6,175
new in 2025: €6,175
- Current portion of long-term debt +€4,390
new in 2025: €4,390
- Other debts +€1,039
up €1,039 (+12971.2%), from €8 to €1,047
- Depreciation +€3,013
new in 2025: €3,013
- Gross operating margin -€2,351
down €2,351, from €536 to -€1,815
- Financial charges +€1,009
up €1,009 (+819.9%), from €123 to €1,132
- Other operating charges +€694
new in 2025: €694
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 | €4,100 | €41,710 | +€37,610 | +917.3% |
| Fixed assets | 21/28 | - | €33,148 | +€33,148 | |
| Tangible fixed assets | 22/27 | - | €33,148 | +€33,148 | |
| Furniture and vehicles | 24 | - | €33,148 | +€33,148 | |
| Current assets | 29/58 | €4,100 | €8,562 | +€4,462 | +108.8% |
| Amounts receivable within one year | 40/41 | €122 | €7,001 | +€6,879 | +5622.1% |
| Trade receivables | 40 | - | €7,001 | +€7,001 | |
| Other amounts receivable | 41 | €122 | - | -€122 | |
| Cash at bank and in hand | 54/58 | €3,978 | €1,561 | -€2,417 | -60.8% |
| Total equity and liabilities | 10/49 | €4,100 | €41,710 | +€37,610 | +917.3% |
| Equity | 10/15 | €4,092 | -€2,562 | -€6,654 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€908 | -€7,562 | -€6,654 | -732.7% |
| Amounts payable | 17/49 | €8 | €44,272 | +€44,264 | +552609.1% |
| Amounts payable after more than one year | 17 | - | €32,355 | +€32,355 | |
| Financial debts | 170/4 | - | €32,355 | +€32,355 | |
| Amounts payable within one year | 42/48 | €8 | €11,917 | +€11,909 | +148676.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,390 | +€4,390 | |
| Trade debts | 44 | - | €6,175 | +€6,175 | |
| Suppliers | 440/4 | - | €6,175 | +€6,175 | |
| Taxes, remuneration and social security | 45 | - | €305 | +€305 | |
| Taxes | 450/3 | - | €305 | +€305 | |
| Other amounts payable | 47/48 | €8 | €1,047 | +€1,039 | +12971.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,013 | +€3,013 | |
| Other operating charges | 640/8 | - | €694 | +€694 | |
| Gross operating margin | 9900 | €536 | -€1,815 | -€2,351 | |
| Operating profit (loss) | 9901 | €536 | -€5,522 | -€6,058 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €123 | €1,132 | +€1,009 | +819.9% |
| Recurring financial charges | 65 | €123 | €1,132 | +€1,009 | +819.9% |
| Profit (loss) for the period before taxes | 9903 | €422 | -€6,654 | -€7,076 | |
| Profit (loss) for the period | 9904 | €422 | -€6,654 | -€7,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €422 | -€6,654 | -€7,076 |
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 2 October 2026 via checked.be.