DENISE NIESSEN: what changed
DENISE NIESSEN
Largest movements
- Cash -€51,464
down €51,464 (-85.6%), from €60,142 to €8,678
mainly Trade debts (-€39,189) and Tax, wage and social debts (-€33,531)
- Receivables within one year -€8,971
down €8,971 (-59.5%), from €15,084 to €6,113
of which Trade receivables: -€14,922
- Tangible fixed assets -€5,185
down €5,185 (-31.3%), from €16,589 to €11,404
of which Plant, machinery and equipment: -€4,429
- Deferred charges and accrued income -€1,078
no longer reported in 2025 (was €1,078)
- Trade debts -€39,189
no longer reported in 2025 (was €39,189)
- Tax, wage and social debts -€33,531
down €33,531 (-94.9%), from €35,317 to €1,786
of which Remuneration and social security: -€31,466
- Profit (loss) carried forward +€9,508
up €9,508, from -€5,099 to €4,409
- Other debts -€3,486
no longer reported in 2025 (was €3,486)
- Staff costs -€234,685
down €234,685 (-97.9%), from €239,672 to €4,987
- Gross operating margin -€214,022
down €214,022 (-90.7%), from €235,953 to €21,931
- Depreciation +€3,845
up €3,845 (+287%), from €1,340 to €5,185
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,893 | €26,195 | -€66,698 | -71.8% |
| Fixed assets | 21/28 | €16,589 | €11,404 | -€5,185 | -31.3% |
| Tangible fixed assets | 22/27 | €16,589 | €11,404 | -€5,185 | -31.3% |
| Plant, machinery and equipment | 23 | €13,753 | €9,324 | -€4,429 | -32.2% |
| Other tangible fixed assets | 26 | €2,836 | €2,080 | -€756 | -26.7% |
| Current assets | 29/58 | €76,304 | €14,791 | -€61,513 | -80.6% |
| Amounts receivable within one year | 40/41 | €15,084 | €6,113 | -€8,971 | -59.5% |
| Trade receivables | 40 | €15,084 | €162 | -€14,922 | -98.9% |
| Other amounts receivable | 41 | - | €5,951 | +€5,951 | |
| Cash at bank and in hand | 54/58 | €60,142 | €8,678 | -€51,464 | -85.6% |
| Deferred charges and accrued income | 490/1 | €1,078 | - | -€1,078 | |
| Total equity and liabilities | 10/49 | €92,893 | €26,195 | -€66,698 | -71.8% |
| Equity | 10/15 | €14,901 | €24,409 | +€9,508 | +63.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,099 | €4,409 | +€9,508 | |
| Amounts payable | 17/49 | €77,992 | €1,786 | -€76,206 | -97.7% |
| Amounts payable within one year | 42/48 | €77,992 | €1,786 | -€76,206 | -97.7% |
| Trade debts | 44 | €39,189 | - | -€39,189 | |
| Suppliers | 440/4 | €39,189 | - | -€39,189 | |
| Taxes, remuneration and social security | 45 | €35,317 | €1,786 | -€33,531 | -94.9% |
| Taxes | 450/3 | €3,851 | €1,786 | -€2,065 | -53.6% |
| Remuneration and social security | 454/9 | €31,466 | - | -€31,466 | |
| Other amounts payable | 47/48 | €3,486 | - | -€3,486 | |
| Non-recurring operating income | 76A | - | €25,945 | +€25,945 | |
| Remuneration, social security and pensions | 62 | €239,672 | €4,987 | -€234,685 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,340 | €5,185 | +€3,845 | +287% |
| Other operating charges | 640/8 | €911 | €392 | -€519 | -57.0% |
| Gross operating margin | 9900 | €235,953 | €21,931 | -€214,022 | -90.7% |
| Operating profit (loss) | 9901 | -€5,970 | €11,367 | +€17,337 | |
| Financial income | 75/76B | €1,991 | €338 | -€1,653 | -83.0% |
| Recurring financial income | 75 | €1,991 | €338 | -€1,653 | -83.0% |
| Financial charges | 65/66B | €1,108 | €499 | -€609 | -55.0% |
| Recurring financial charges | 65 | €1,108 | €499 | -€609 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,087 | €11,206 | +€16,293 | |
| Income taxes | 67/77 | €12 | €1,698 | +€1,686 | +14,050% |
| Profit (loss) for the period | 9904 | -€5,099 | €9,508 | +€14,607 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,099 | €9,508 | +€14,607 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.