DENIZ: 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.
DENIZ
Largest movements
- Cash +€41,196
up €41,196 (+1359.9%), from €3,029 to €44,226
- Receivables within one year -€15,365
down €15,365 (-23.1%), from €66,599 to €51,235
of which Other amounts receivable: -€17,775
- Profit (loss) carried forward +€16,777
up €16,777 (+41.5%), from €40,433 to €57,209
- Trade debts +€6,150
up €6,150 (+209.7%), from €2,933 to €9,083
- Current portion of long-term debt +€1,900
new in 2023: €1,900
- Staff costs +€26,829
up €26,829 (+54431.4%), from €49 to €26,879
- Gross operating margin +€18,002
up €18,002 (+60.7%), from €29,662 to €47,665
- Financial charges +€4,738
up €4,738 (+3948.3%), from €120 to €4,858
- Other operating charges +€3,121
up €3,121 (+157.0%), from €1,988 to €5,108
- Taxes -€2,888
down €2,888 (-52.8%), from €5,465 to €2,577
From the 2021 result to the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,272 | €96,810 | +€25,538 | +35.8% |
| Fixed assets | 21/28 | €1,643 | €1,349 | -€294 | -17.9% |
| Tangible fixed assets | 22/27 | €840 | €546 | -€294 | -35.0% |
| Furniture and vehicles | 24 | €840 | €546 | -€294 | -35.0% |
| Financial fixed assets | 28 | €803 | €803 | = | 0.0% |
| Current assets | 29/58 | €69,629 | €95,460 | +€25,832 | +37.1% |
| Amounts receivable within one year | 40/41 | €66,599 | €51,235 | -€15,365 | -23.1% |
| Trade receivables | 40 | - | €2,410 | +€2,410 | |
| Other amounts receivable | 41 | €66,599 | €48,824 | -€17,775 | -26.7% |
| Cash at bank and in hand | 54/58 | €3,029 | €44,226 | +€41,196 | +1359.9% |
| Total equity and liabilities | 10/49 | €71,272 | €96,810 | +€25,538 | +35.8% |
| Equity | 10/15 | €59,575 | €76,351 | +€16,777 | +28.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €550 | €550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Legal reserve | 130 | €550 | €550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,433 | €57,209 | +€16,777 | +41.5% |
| Amounts payable | 17/49 | €11,697 | €20,458 | +€8,761 | +74.9% |
| Amounts payable within one year | 42/48 | €11,697 | €20,458 | +€8,761 | +74.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,900 | +€1,900 | |
| Trade debts | 44 | €2,933 | €9,083 | +€6,150 | +209.7% |
| Suppliers | 440/4 | €2,933 | €9,083 | +€6,150 | +209.7% |
| Taxes, remuneration and social security | 45 | €8,546 | €9,258 | +€712 | +8.3% |
| Taxes | 450/3 | €8,546 | €5,808 | -€2,737 | -32.0% |
| Remuneration and social security | 454/9 | - | €3,450 | +€3,450 | |
| Other amounts payable | 47/48 | €218 | €218 | -€1 | -0.3% |
| Remuneration, social security and pensions | 62 | €49 | €26,879 | +€26,829 | +54431.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €590 | +€81 | +15.9% |
| Other operating charges | 640/8 | €1,988 | €5,108 | +€3,121 | +157.0% |
| Gross operating margin | 9900 | €29,662 | €47,665 | +€18,002 | +60.7% |
| Operating profit (loss) | 9901 | €27,117 | €15,088 | -€12,028 | -44.4% |
| Financial charges | 65/66B | €120 | €4,858 | +€4,738 | +3948.3% |
| Recurring financial charges | 65 | €120 | €4,858 | +€4,738 | +3948.3% |
| Profit (loss) for the period before taxes | 9903 | €26,997 | €10,230 | -€16,766 | -62.1% |
| Income taxes | 67/77 | €5,465 | €2,577 | -€2,888 | -52.8% |
| Profit (loss) for the period | 9904 | €21,532 | €7,654 | -€13,878 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,532 | €7,654 | -€13,878 | -64.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.