DENIS.RO: 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.RO
Largest movements
- Receivables within one year +€123,906
up €123,906 (+49.2%), from €251,772 to €375,678
of which Other amounts receivable: +€123,906
- Tangible fixed assets -€16,810
down €16,810 (-28.2%), from €59,617 to €42,806
- Cash -€6,084
down €6,084 (-47.8%), from €12,716 to €6,632
mainly Receivables within one year (-€123,906) and Current portion of long-term debt (-€1,201)
- Reserves +€101,463
up €101,463 (+31.7%), from €319,869 to €421,332
- Gross operating margin +€23,230
up €23,230 (+41.3%), from €56,216 to €79,447
- Other operating charges -€23,088
down €23,088 (-94.7%), from €24,383 to €1,295
- Financial income -€12,811
down €12,811 (-17.3%), from €74,230 to €61,420
- Financial charges -€3,108
down €3,108 (-58.6%), from €5,299 to €2,191
- Taxes -€2,946
down €2,946 (-14.4%), from €20,455 to €17,508
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 | €331,462 | €432,555 | +€101,093 | +30.5% |
| Fixed assets | 21/28 | €64,617 | €47,806 | -€16,810 | -26.0% |
| Tangible fixed assets | 22/27 | €59,617 | €42,806 | -€16,810 | -28.2% |
| Land and buildings | 22 | €3,430 | - | -€3,430 | |
| Plant, machinery and equipment | 23 | €940 | - | -€940 | |
| Furniture and vehicles | 24 | €14,371 | €7,591 | -€6,780 | -47.2% |
| Other tangible fixed assets | 26 | €40,875 | €35,215 | -€5,660 | -13.8% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €266,845 | €384,749 | +€117,904 | +44.2% |
| Amounts receivable within one year | 40/41 | €251,772 | €375,678 | +€123,906 | +49.2% |
| Trade receivables | 40 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 41 | €221,772 | €345,678 | +€123,906 | +55.9% |
| Cash at bank and in hand | 54/58 | €12,716 | €6,632 | -€6,084 | -47.8% |
| Deferred charges and accrued income | 490/1 | €2,357 | €2,440 | +€82 | +3.5% |
| Total equity and liabilities | 10/49 | €331,462 | €432,555 | +€101,093 | +30.5% |
| Equity | 10/15 | €321,369 | €422,832 | +€101,463 | +31.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €319,869 | €421,332 | +€101,463 | +31.7% |
| Distributable reserves | 133 | €319,869 | €421,332 | +€101,463 | +31.7% |
| Amounts payable | 17/49 | €10,092 | €9,723 | -€369 | -3.7% |
| Amounts payable within one year | 42/48 | €10,092 | €9,723 | -€369 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €7,034 | €5,833 | -€1,201 | -17.1% |
| Trade debts | 44 | €104 | €949 | +€845 | +813% |
| Suppliers | 440/4 | €104 | €949 | +€845 | +813% |
| Taxes, remuneration and social security | 45 | €2,955 | €2,941 | -€13 | -0.4% |
| Taxes | 450/3 | €2,955 | €2,941 | -€13 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,183 | €14,979 | -€204 | -1.3% |
| Other operating charges | 640/8 | €24,383 | €1,295 | -€23,088 | -94.7% |
| Non-recurring operating charges | 66A | - | €3,430 | +€3,430 | |
| Gross operating margin | 9900 | €56,216 | €79,447 | +€23,230 | +41.3% |
| Operating profit (loss) | 9901 | €16,651 | €59,743 | +€43,091 | +259% |
| Financial income | 75/76B | €74,230 | €61,420 | -€12,811 | -17.3% |
| Recurring financial income | 75 | €74,230 | €61,420 | -€12,811 | -17.3% |
| Financial charges | 65/66B | €5,299 | €2,191 | -€3,108 | -58.6% |
| Recurring financial charges | 65 | €5,299 | €2,191 | -€3,108 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €85,583 | €118,971 | +€33,388 | +39.0% |
| Income taxes | 67/77 | €20,455 | €17,508 | -€2,946 | -14.4% |
| Profit (loss) for the period | 9904 | €65,128 | €101,463 | +€36,335 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,128 | €101,463 | +€36,335 | +55.8% |
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 18 October 2026 via checked.be.