Denisimmo: 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.
What changed
Denisimmo
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,464
2024 · €144,387-€139,923
Equity
€520,185
2024 · €515,720+€4,464
Cash
€20,278
2024 · €29,764-€9,486
Balance sheet total
€7.7m
2024 · €5.5m+€2.2m
Largest movements
Assets
- Tangible fixed assets +€2.1m
up €2.1m (+52.5%), from €3.9m to €6.0m
- Deferred charges and accrued income +€117,962
new in 2025: €117,962
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+49.1%), from €4.5m to €6.7m
- Current portion of long-term debt +€90,988
up €90,988 (+35.3%), from €257,613 to €348,601
Income statement
- Depreciation +€105,103
up €105,103 (+88.0%), from €119,382 to €224,485
- Taxes -€27,595
down €27,595 (-94.9%), from €29,083 to €1,488
- Gross operating margin -€16,729
down €16,729 (-3.5%), from €476,981 to €460,252
- Financial charges -€12,333
down €12,333 (-5.8%), from €211,374 to €199,042
- Other operating charges -€8,210
down €8,210 (-28.2%), from €29,134 to €20,924
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.
Result 2024
€144,387
Gross operating margin
-€16,729
Depreciation
-€105,103
Other operating charges
+€8,210
Other operating items
-€61,250
Financial income
-€4,977
Financial charges
+€12,333
Taxes
+€27,595
Result 2025
€4,464
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€35,301
Investment
-€2.3m
Financing
+€2.2m
Cash 2024
€29,764
From operations (derived)
+€35,301
Net result for the year
+€4,464
Depreciation
+€224,485
Stocks and contracts
-€9,541
Receivables within one year
-€54,587
Deferred charges and accrued income
-€117,962
Trade debts
+€57,393
Other debts
-€68,360
Accrued charges and deferred income
-€590
Investment (derived)
-€2.3m
Investment in fixed assets (net)
-€2.3m
Financing
+€2.2m
Debts after one year
+€2.2m
Current portion of long-term debt
+€90,988
Short-term financial debts
-€72,515
Cash 2025
€20,278
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,494,548 | €7,722,609 | +€2.2m | +40.6% |
| Fixed assets | 21/28 | €3,926,959 | €5,982,416 | +€2.1m | +52.3% |
| Tangible fixed assets | 22/27 | €3,918,059 | €5,973,516 | +€2.1m | +52.5% |
| Land and buildings | 22 | €3,918,059 | €5,973,516 | +€2.1m | +52.5% |
| Financial fixed assets | 28 | €8,900 | €8,900 | = | 0.0% |
| Current assets | 29/58 | €1,567,589 | €1,740,193 | +€172,605 | +11.0% |
| Stocks and contracts in progress | 3 | €660,529 | €670,070 | +€9,541 | +1.4% |
| Stocks | 30/36 | €660,529 | €670,070 | +€9,541 | +1.4% |
| Amounts receivable within one year | 40/41 | €877,296 | €931,883 | +€54,587 | +6.2% |
| Other amounts receivable | 41 | €877,296 | €931,883 | +€54,587 | +6.2% |
| Cash at bank and in hand | 54/58 | €29,764 | €20,278 | -€9,486 | -31.9% |
| Deferred charges and accrued income | 490/1 | - | €117,962 | +€117,962 | |
| Total equity and liabilities | 10/49 | €5,494,548 | €7,722,609 | +€2.2m | +40.6% |
| Equity | 10/15 | €515,720 | €520,185 | +€4,464 | +0.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €465,720 | €470,185 | +€4,464 | +1.0% |
| Non-distributable reserves | 130/1 | €5,000 | - | -€5,000 | |
| Reserves not available under the articles | 1311 | €5,000 | - | -€5,000 | |
| Distributable reserves | 133 | €460,720 | €470,185 | +€9,464 | +2.1% |
| Amounts payable | 17/49 | €4,978,828 | €7,202,425 | +€2.2m | +44.7% |
| Amounts payable after more than one year | 17 | €4,511,873 | €6,728,554 | +€2.2m | +49.1% |
| Financial debts | 170/4 | €4,511,873 | €6,728,554 | +€2.2m | +49.1% |
| Amounts payable within one year | 42/48 | €466,365 | €473,870 | +€7,506 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €257,613 | €348,601 | +€90,988 | +35.3% |
| Financial debts | 43 | €121,320 | €48,804 | -€72,515 | -59.8% |
| Credit institutions | 430/8 | €121,320 | €48,804 | -€72,515 | -59.8% |
| Trade debts | 44 | €17,218 | €74,611 | +€57,393 | +333% |
| Suppliers | 440/4 | €17,218 | €74,611 | +€57,393 | +333% |
| Other amounts payable | 47/48 | €70,214 | €1,854 | -€68,360 | -97.4% |
| Accrued charges and deferred income | 492/3 | €590 | - | -€590 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,382 | €224,485 | +€105,103 | +88.0% |
| Other operating charges | 640/8 | €29,134 | €20,924 | -€8,210 | -28.2% |
| Non-recurring operating charges | 66A | - | €61,250 | +€61,250 | |
| Gross operating margin | 9900 | €476,981 | €460,252 | -€16,729 | -3.5% |
| Operating profit (loss) | 9901 | €328,466 | €153,593 | -€174,873 | -53.2% |
| Financial income | 75/76B | €56,379 | €51,401 | -€4,977 | -8.8% |
| Recurring financial income | 75 | €56,379 | €51,401 | -€4,977 | -8.8% |
| Financial charges | 65/66B | €211,374 | €199,042 | -€12,333 | -5.8% |
| Recurring financial charges | 65 | €211,374 | €199,042 | -€12,333 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €173,470 | €5,952 | -€167,517 | -96.6% |
| Income taxes | 67/77 | €29,083 | €1,488 | -€27,595 | -94.9% |
| Profit (loss) for the period | 9904 | €144,387 | €4,464 | -€139,923 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €144,387 | €4,464 | -€139,923 | -96.9% |
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.