DENIS DANIEL: 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 DANIEL
Largest movements
- Receivables within one year +€95,253
up €95,253 (+89.2%), from €106,806 to €202,059
of which Other amounts receivable: +€84,485
- Cash -€11,618
down €11,618 (-86.5%), from €13,423 to €1,806
mainly Receivables within one year (-€95,253)
- Profit (loss) carried forward +€60,706
up €60,706 (+90.8%), from €66,835 to €127,541
- Tax, wage and social debts +€22,563
up €22,563 (+68.9%), from €32,768 to €55,331
- Gross operating margin -€12,539
down €12,539 (-13.7%), from €91,675 to €79,136
- Taxes -€3,397
down €3,397 (-12.5%), from €27,238 to €23,841
- Financial income +€3,069
up €3,069 (+78.9%), from €3,890 to €6,959
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 | €120,617 | €204,267 | +€83,650 | +69.4% |
| Current assets | 29/58 | €120,617 | €204,267 | +€83,650 | +69.4% |
| Amounts receivable within one year | 40/41 | €106,806 | €202,059 | +€95,253 | +89.2% |
| Trade receivables | 40 | €20,445 | €31,213 | +€10,768 | +52.7% |
| Other amounts receivable | 41 | €86,361 | €170,846 | +€84,485 | +97.8% |
| Cash at bank and in hand | 54/58 | €13,423 | €1,806 | -€11,618 | -86.5% |
| Deferred charges and accrued income | 490/1 | €388 | €402 | +€15 | +3.8% |
| Total equity and liabilities | 10/49 | €120,617 | €204,267 | +€83,650 | +69.4% |
| Equity | 10/15 | €87,286 | €147,992 | +€60,706 | +69.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,835 | €127,541 | +€60,706 | +90.8% |
| Amounts payable | 17/49 | €33,331 | €56,275 | +€22,944 | +68.8% |
| Amounts payable within one year | 42/48 | €33,331 | €56,237 | +€22,906 | +68.7% |
| Trade debts | 44 | €563 | €907 | +€344 | +61.0% |
| Suppliers | 440/4 | €563 | €907 | +€344 | +61.0% |
| Taxes, remuneration and social security | 45 | €32,768 | €55,331 | +€22,563 | +68.9% |
| Taxes | 450/3 | €32,768 | €55,331 | +€22,563 | +68.9% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Other operating charges | 640/8 | €974 | €959 | -€16 | -1.6% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €91,675 | €79,136 | -€12,539 | -13.7% |
| Operating profit (loss) | 9901 | €90,701 | €78,177 | -€12,524 | -13.8% |
| Financial income | 75/76B | €3,890 | €6,959 | +€3,069 | +78.9% |
| Recurring financial income | 75 | €3,890 | €6,959 | +€3,069 | +78.9% |
| Financial charges | 65/66B | €519 | €589 | +€70 | +13.4% |
| Recurring financial charges | 65 | €519 | €589 | +€70 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €94,072 | €84,547 | -€9,525 | -10.1% |
| Income taxes | 67/77 | €27,238 | €23,841 | -€3,397 | -12.5% |
| Profit (loss) for the period | 9904 | €66,833 | €60,706 | -€6,127 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,833 | €60,706 | -€6,127 | -9.2% |
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 4 October 2026 via checked.be.