DENIS B: 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.
DENIS B
Largest movements
- Receivables within one year -€24,761
down €24,761 (-56.3%), from €44,007 to €19,246
of which Other amounts receivable: -€25,211
- Tangible fixed assets -€5,853
down €5,853 (-19.9%), from €29,351 to €23,498
of which Furniture and vehicles: -€4,567
- Cash -€2,279
down €2,279 (-61.0%), from €3,739 to €1,460
mainly Net result for the year (-€28,099) and Trade debts (-€16,835)
- Profit (loss) carried forward -€28,099
down €28,099 (-89.8%), from €31,307 to €3,209
- Trade debts -€16,835
down €16,835 (-74.0%), from €22,739 to €5,904
- Tax, wage and social debts +€12,932
up €12,932 (+140%), from €9,250 to €22,182
of which Remuneration and social security: +€10,430
- Short-term financial debts -€4,852
no longer reported in 2025 (was €4,852)
- Accrued charges and deferred income +€3,505
up €3,505 (+3,704%), from €95 to €3,600
- Staff costs +€58,940
up €58,940 (+369%), from €15,962 to €74,902
- Taxes +€20,614
up €20,614 (+792%), from €2,604 to €23,218
- Purchases and services -€20,476
down €20,476 (-10.4%), from €196,389 to €175,913
- Turnover +€10,316
up €10,316 (+4.2%), from €247,099 to €257,416
- Depreciation +€3,954
up €3,954 (+105%), from €3,749 to €7,703
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 | €125,964 | €92,607 | -€33,357 | -26.5% |
| Fixed assets | 21/28 | €29,351 | €23,498 | -€5,853 | -19.9% |
| Tangible fixed assets | 22/27 | €29,351 | €23,498 | -€5,853 | -19.9% |
| Land and buildings | 22 | €3,703 | €2,643 | -€1,060 | -28.6% |
| Plant, machinery and equipment | 23 | €464 | €238 | -€226 | -48.7% |
| Furniture and vehicles | 24 | €25,184 | €20,617 | -€4,567 | -18.1% |
| Current assets | 29/58 | €96,613 | €69,109 | -€27,504 | -28.5% |
| Amounts receivable after more than one year | 29 | €44,000 | €44,000 | = | 0.0% |
| Trade receivables | 290 | €44,000 | €44,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,433 | €4,332 | -€101 | -2.3% |
| Stocks | 30/36 | €4,433 | €4,332 | -€101 | -2.3% |
| Amounts receivable within one year | 40/41 | €44,007 | €19,246 | -€24,761 | -56.3% |
| Trade receivables | 40 | - | €450 | +€450 | |
| Other amounts receivable | 41 | €44,007 | €18,796 | -€25,211 | -57.3% |
| Cash at bank and in hand | 54/58 | €3,739 | €1,460 | -€2,279 | -61.0% |
| Deferred charges and accrued income | 490/1 | €434 | €71 | -€363 | -83.7% |
| Total equity and liabilities | 10/49 | €125,964 | €92,607 | -€33,357 | -26.5% |
| Equity | 10/15 | €49,907 | €21,809 | -€28,099 | -56.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,307 | €3,209 | -€28,099 | -89.8% |
| Amounts payable | 17/49 | €76,056 | €70,798 | -€5,259 | -6.9% |
| Amounts payable within one year | 42/48 | €75,962 | €67,198 | -€8,764 | -11.5% |
| Financial debts | 43 | €4,852 | - | -€4,852 | |
| Credit institutions | 430/8 | €4,852 | - | -€4,852 | |
| Trade debts | 44 | €22,739 | €5,904 | -€16,835 | -74.0% |
| Suppliers | 440/4 | €22,739 | €5,904 | -€16,835 | -74.0% |
| Taxes, remuneration and social security | 45 | €9,250 | €22,182 | +€12,932 | +140% |
| Taxes | 450/3 | €6,070 | €8,572 | +€2,502 | +41.2% |
| Remuneration and social security | 454/9 | €3,180 | €13,610 | +€10,430 | +328% |
| Other amounts payable | 47/48 | €39,121 | €39,112 | -€9 | 0.0% |
| Accrued charges and deferred income | 492/3 | €95 | €3,600 | +€3,505 | +3,704% |
| Turnover | 70 | €247,099 | €257,416 | +€10,316 | +4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €196,389 | €175,913 | -€20,476 | -10.4% |
| Remuneration, social security and pensions | 62 | €15,962 | €74,902 | +€58,940 | +369% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,749 | €7,703 | +€3,954 | +105% |
| Other operating charges | 640/8 | €1,405 | €936 | -€469 | -33.4% |
| Gross operating margin | 9900 | €85,132 | €82,277 | -€2,855 | -3.4% |
| Operating profit (loss) | 9901 | €64,016 | -€1,263 | -€65,279 | |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €2,224 | €3,656 | +€1,432 | +64.4% |
| Recurring financial charges | 65 | €2,224 | €3,656 | +€1,432 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €61,792 | -€4,880 | -€66,672 | |
| Income taxes | 67/77 | €2,604 | €23,218 | +€20,614 | +792% |
| Profit (loss) for the period | 9904 | €59,188 | -€28,099 | -€87,287 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,188 | -€28,099 | -€87,287 |
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 14 October 2026 via checked.be.