DENIS LRS: 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 LRS
Largest movements
- Cash -€4,000
down €4,000 (-50.9%), from €7,856 to €3,856
mainly Investment in fixed assets (net) (-€13,583) and Debts after one year (-€13,469)
- Receivables within one year +€3,426
up €3,426 (+64.2%), from €5,334 to €8,760
of which Trade receivables: +€2,217
- Deferred charges and accrued income -€2,151
down €2,151 (-94.6%), from €2,275 to €124
- Tangible fixed assets -€2,030
down €2,030 (-4.5%), from €44,675 to €42,645
of which Leasing and similar rights: -€7,360
- Debts after one year -€13,469
down €13,469 (-46.8%), from €28,809 to €15,340
- Profit (loss) carried forward +€6,968
up €6,968 (+162%), from €4,297 to €11,265
- Tax, wage and social debts +€2,936
up €2,936 (+244%), from €1,203 to €4,139
of which Remuneration and social security: +€2,800
- Current portion of long-term debt -€2,239
down €2,239 (-14.9%), from €15,027 to €12,787
- Other debts +€1,237
up €1,237 (+34.7%), from €3,564 to €4,800
- Depreciation -€3,014
down €3,014 (-16.2%), from €18,627 to €15,613
- Gross operating margin -€2,576
down €2,576 (-9.0%), from €28,779 to €26,203
- Other operating charges +€1,053
up €1,053 (+284%), from €371 to €1,424
- Financial charges -€585
down €585 (-21.0%), from €2,786 to €2,200
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 | €60,141 | €55,385 | -€4,756 | -7.9% |
| Fixed assets | 21/28 | €44,675 | €42,645 | -€2,030 | -4.5% |
| Tangible fixed assets | 22/27 | €44,675 | €42,645 | -€2,030 | -4.5% |
| Plant, machinery and equipment | 23 | €4,941 | €7,066 | +€2,125 | +43.0% |
| Furniture and vehicles | 24 | €12,794 | €16,160 | +€3,366 | +26.3% |
| Leasing and similar rights | 25 | €25,669 | €18,309 | -€7,360 | -28.7% |
| Other tangible fixed assets | 26 | €1,271 | €1,110 | -€161 | -12.7% |
| Current assets | 29/58 | €15,466 | €12,740 | -€2,726 | -17.6% |
| Amounts receivable within one year | 40/41 | €5,334 | €8,760 | +€3,426 | +64.2% |
| Trade receivables | 40 | €5,325 | €7,542 | +€2,217 | +41.6% |
| Other amounts receivable | 41 | €9 | €1,218 | +€1,209 | +13,341% |
| Cash at bank and in hand | 54/58 | €7,856 | €3,856 | -€4,000 | -50.9% |
| Deferred charges and accrued income | 490/1 | €2,275 | €124 | -€2,151 | -94.6% |
| Total equity and liabilities | 10/49 | €60,141 | €55,385 | -€4,756 | -7.9% |
| Equity | 10/15 | €9,797 | €16,765 | +€6,968 | +71.1% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,297 | €11,265 | +€6,968 | +162% |
| Amounts payable | 17/49 | €50,344 | €38,620 | -€11,724 | -23.3% |
| Amounts payable after more than one year | 17 | €28,809 | €15,340 | -€13,469 | -46.8% |
| Financial debts | 170/4 | €28,809 | €15,340 | -€13,469 | -46.8% |
| Amounts payable within one year | 42/48 | €21,536 | €23,281 | +€1,745 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €15,027 | €12,787 | -€2,239 | -14.9% |
| Trade debts | 44 | €1,742 | €1,554 | -€188 | -10.8% |
| Suppliers | 440/4 | €1,742 | €1,554 | -€188 | -10.8% |
| Taxes, remuneration and social security | 45 | €1,203 | €4,139 | +€2,936 | +244% |
| Taxes | 450/3 | €503 | €639 | +€136 | +27.0% |
| Remuneration and social security | 454/9 | €700 | €3,500 | +€2,800 | +400% |
| Other amounts payable | 47/48 | €3,564 | €4,800 | +€1,237 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,627 | €15,613 | -€3,014 | -16.2% |
| Other operating charges | 640/8 | €371 | €1,424 | +€1,053 | +284% |
| Gross operating margin | 9900 | €28,779 | €26,203 | -€2,576 | -9.0% |
| Operating profit (loss) | 9901 | €9,781 | €9,166 | -€615 | -6.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €2,786 | €2,200 | -€585 | -21.0% |
| Recurring financial charges | 65 | €2,786 | €2,200 | -€585 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €6,996 | €6,966 | -€30 | -0.4% |
| Profit (loss) for the period | 9904 | €6,996 | €6,966 | -€30 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,996 | €6,966 | -€30 | -0.4% |
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 28 October 2026 via checked.be.