DENIX: 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.
DENIX
Largest movements
- Receivables within one year -€8,891
down €8,891 (-56.2%), from €15,818 to €6,927
of which Trade receivables: -€12,889
- Cash -€4,544
down €4,544 (-25.2%), from €18,051 to €13,507
mainly Tax, wage and social debts (-€7,661) and Net result for the year (-€7,593)
- Tangible fixed assets -€1,617
down €1,617 (-52.1%), from €3,102 to €1,484
of which Furniture and vehicles: -€1,214
- Tax, wage and social debts -€7,661
down €7,661 (-96.1%), from €7,973 to €312
- Profit (loss) carried forward -€7,593
new in 2025: -€7,593
- Trade debts +€644
up €644 (+217.4%), from €296 to €940
- Other debts -€443
down €443 (-4.4%), from €10,064 to €9,621
- Gross operating margin -€28,333
down €28,333, from €24,321 to -€4,012
- Taxes -€4,592
down €4,592 (-93.5%), from €4,911 to €319
- Depreciation +€520
up €520 (+47.3%), from €1,098 to €1,617
- Financial charges +€393
up €393 (+227.0%), from €173 to €566
- Other operating charges +€326
up €326 (+42.9%), from €761 to €1,087
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 | €36,971 | €21,918 | -€15,053 | -40.7% |
| Fixed assets | 21/28 | €3,102 | €1,484 | -€1,617 | -52.1% |
| Tangible fixed assets | 22/27 | €3,102 | €1,484 | -€1,617 | -52.1% |
| Plant, machinery and equipment | 23 | €475 | €71 | -€404 | -85.1% |
| Furniture and vehicles | 24 | €2,627 | €1,414 | -€1,214 | -46.2% |
| Current assets | 29/58 | €33,869 | €20,433 | -€13,436 | -39.7% |
| Amounts receivable within one year | 40/41 | €15,818 | €6,927 | -€8,891 | -56.2% |
| Trade receivables | 40 | €15,777 | €2,888 | -€12,889 | -81.7% |
| Other amounts receivable | 41 | €41 | €4,038 | +€3,998 | +9858.6% |
| Cash at bank and in hand | 54/58 | €18,051 | €13,507 | -€4,544 | -25.2% |
| Total equity and liabilities | 10/49 | €36,971 | €21,918 | -€15,053 | -40.7% |
| Equity | 10/15 | €18,637 | €11,044 | -€7,593 | -40.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €17,637 | €17,637 | = | 0.0% |
| Distributable reserves | 133 | €17,637 | €17,637 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,593 | -€7,593 | |
| Amounts payable | 17/49 | €18,334 | €10,874 | -€7,460 | -40.7% |
| Amounts payable within one year | 42/48 | €18,334 | €10,874 | -€7,460 | -40.7% |
| Trade debts | 44 | €296 | €940 | +€644 | +217.4% |
| Suppliers | 440/4 | €296 | €940 | +€644 | +217.4% |
| Taxes, remuneration and social security | 45 | €7,973 | €312 | -€7,661 | -96.1% |
| Taxes | 450/3 | €7,973 | €312 | -€7,661 | -96.1% |
| Other amounts payable | 47/48 | €10,064 | €9,621 | -€443 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,098 | €1,617 | +€520 | +47.3% |
| Other operating charges | 640/8 | €761 | €1,087 | +€326 | +42.9% |
| Gross operating margin | 9900 | €24,321 | -€4,012 | -€28,333 | |
| Operating profit (loss) | 9901 | €22,462 | -€6,716 | -€29,178 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +4026.3% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +4026.3% |
| Financial charges | 65/66B | €173 | €566 | +€393 | +227.0% |
| Recurring financial charges | 65 | €173 | €566 | +€393 | +227.0% |
| Profit (loss) for the period before taxes | 9903 | €22,289 | -€7,274 | -€29,563 | |
| Income taxes | 67/77 | €4,911 | €319 | -€4,592 | -93.5% |
| Profit (loss) for the period | 9904 | €17,379 | -€7,593 | -€24,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,379 | -€7,593 | -€24,972 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.