DENIS CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year -€18,520
down €18,520 (-64.8%), from €28,599 to €10,079
of which Trade receivables: -€21,000
- Cash -€3,786
down €3,786 (-21.0%), from €18,045 to €14,258
mainly Trade debts (-€13,394) and Tax, wage and social debts (-€5,874)
- Stocks and contracts +€1,696
new in 2025: €1,696
- Deferred charges and accrued income +€1,260
up €1,260 (+83.7%), from €1,506 to €2,766
- Tangible fixed assets +€825
up €825 (+4.9%), from €16,793 to €17,618
of which Plant, machinery and equipment: +€7,286
- Trade debts -€13,394
down €13,394 (-92.8%), from €14,437 to €1,043
- Tax, wage and social debts -€5,874
no longer reported in 2025 (was €5,874)
- Profit (loss) carried forward +€2,983
up €2,983 (+7.6%), from €39,391 to €42,374
- Other debts -€2,241
no longer reported in 2025 (was €2,241)
- Gross operating margin -€22,748
down €22,748 (-68.1%), from €33,409 to €10,661
- Purchases and services +€19,673
up €19,673 (+14.3%), from €137,369 to €157,042
- Taxes -€5,240
down €5,240 (-89.2%), from €5,874 to €634
- Turnover -€3,075
down €3,075 (-1.8%), from €170,778 to €167,703
- Depreciation +€1,865
up €1,865 (+66.5%), from €2,803 to €4,668
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 | €64,942 | €46,418 | -€18,525 | -28.5% |
| Fixed assets | 21/28 | €16,793 | €17,618 | +€825 | +4.9% |
| Tangible fixed assets | 22/27 | €16,793 | €17,618 | +€825 | +4.9% |
| Plant, machinery and equipment | 23 | €2,003 | €9,289 | +€7,286 | +363.7% |
| Furniture and vehicles | 24 | €14,789 | €8,329 | -€6,460 | -43.7% |
| Current assets | 29/58 | €48,150 | €28,800 | -€19,350 | -40.2% |
| Stocks and contracts in progress | 3 | - | €1,696 | +€1,696 | |
| Stocks | 30/36 | - | €1,696 | +€1,696 | |
| Amounts receivable within one year | 40/41 | €28,599 | €10,079 | -€18,520 | -64.8% |
| Trade receivables | 40 | €26,814 | €5,814 | -€21,000 | -78.3% |
| Other amounts receivable | 41 | €1,786 | €4,265 | +€2,480 | +138.9% |
| Cash at bank and in hand | 54/58 | €18,045 | €14,258 | -€3,786 | -21.0% |
| Deferred charges and accrued income | 490/1 | €1,506 | €2,766 | +€1,260 | +83.7% |
| Total equity and liabilities | 10/49 | €64,942 | €46,418 | -€18,525 | -28.5% |
| Equity | 10/15 | €42,391 | €45,374 | +€2,983 | +7.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,391 | €42,374 | +€2,983 | +7.6% |
| Amounts payable | 17/49 | €22,551 | €1,043 | -€21,508 | -95.4% |
| Amounts payable within one year | 42/48 | €22,551 | €1,043 | -€21,508 | -95.4% |
| Trade debts | 44 | €14,437 | €1,043 | -€13,394 | -92.8% |
| Suppliers | 440/4 | €14,437 | €1,043 | -€13,394 | -92.8% |
| Taxes, remuneration and social security | 45 | €5,874 | - | -€5,874 | |
| Taxes | 450/3 | €5,874 | - | -€5,874 | |
| Other amounts payable | 47/48 | €2,241 | - | -€2,241 | |
| Turnover | 70 | €170,778 | €167,703 | -€3,075 | -1.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €137,369 | €157,042 | +€19,673 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,803 | €4,668 | +€1,865 | +66.5% |
| Other operating charges | 640/8 | - | €959 | +€959 | |
| Non-recurring operating charges | 66A | €4,801 | - | -€4,801 | |
| Gross operating margin | 9900 | €33,409 | €10,661 | -€22,748 | -68.1% |
| Operating profit (loss) | 9901 | €25,805 | €5,035 | -€20,771 | -80.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €205 | €1,417 | +€1,212 | +590.2% |
| Recurring financial charges | 65 | €205 | €1,417 | +€1,212 | +590.2% |
| Profit (loss) for the period before taxes | 9903 | €25,602 | €3,617 | -€21,984 | -85.9% |
| Income taxes | 67/77 | €5,874 | €634 | -€5,240 | -89.2% |
| Profit (loss) for the period | 9904 | €19,728 | €2,983 | -€16,745 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,728 | €2,983 | -€16,745 | -84.9% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.