DENIZLI-AK: what changed
DENIZLI-AK
Largest movements
- Current investments +€390,000
up €390,000 (+54.9%), from €710,000 to €1.1m
- Cash +€129,480
up €129,480 (+55.8%), from €232,205 to €361,685
mainly Net result for the year (+€437,728) and Depreciation (+€77,972)
- Receivables within one year -€64,811
down €64,811 (-59.7%), from €108,564 to €43,753
- Tangible fixed assets -€63,716
down €63,716 (-6.3%), from €1.0m to €954,809
of which Land and buildings: -€39,608
- Reserves +€376,062
up €376,062 (+25.6%), from €1.5m to €1.8m
of which Distributable reserves: +€376,062
- Other debts +€56,533
up €56,533 (+3,462%), from €1,633 to €58,166
- Debts after one year -€56,528
down €56,528 (-68.8%), from €82,222 to €25,694
- Tax, wage and social debts +€33,993
up €33,993 (+32.9%), from €103,449 to €137,442
of which Taxes: +€29,341
- Gross operating margin +€93,109
up €93,109 (+14.3%), from €652,549 to €745,658
- Taxes +€28,184
up €28,184 (+16.5%), from €170,826 to €199,009
- Financial income +€14,329
up €14,329 (+246%), from €5,820 to €20,149
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 | €2,074,916 | €2,481,936 | +€407,019 | +19.6% |
| Fixed assets | 21/28 | €1,018,526 | €954,809 | -€63,716 | -6.3% |
| Tangible fixed assets | 22/27 | €1,018,526 | €954,809 | -€63,716 | -6.3% |
| Land and buildings | 22 | €909,106 | €869,497 | -€39,608 | -4.4% |
| Plant, machinery and equipment | 23 | €28,916 | €17,276 | -€11,640 | -40.3% |
| Furniture and vehicles | 24 | €77,507 | €66,233 | -€11,274 | -14.5% |
| Other tangible fixed assets | 26 | €2,997 | €1,803 | -€1,194 | -39.8% |
| Current assets | 29/58 | €1,056,391 | €1,527,126 | +€470,736 | +44.6% |
| Amounts receivable within one year | 40/41 | €108,564 | €43,753 | -€64,811 | -59.7% |
| Other amounts receivable | 41 | €108,564 | €43,753 | -€64,811 | -59.7% |
| Current investments | 50/53 | €710,000 | €1,100,000 | +€390,000 | +54.9% |
| Cash at bank and in hand | 54/58 | €232,205 | €361,685 | +€129,480 | +55.8% |
| Deferred charges and accrued income | 490/1 | €5,621 | €21,689 | +€16,067 | +286% |
| Total equity and liabilities | 10/49 | €2,074,916 | €2,481,936 | +€407,019 | +19.6% |
| Equity | 10/15 | €1,825,140 | €2,201,203 | +€376,062 | +20.6% |
| Contributions | 10/11 | €358,600 | €358,600 | = | 0.0% |
| Reserves | 13 | €1,466,540 | €1,842,603 | +€376,062 | +25.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,429,040 | €1,805,103 | +€376,062 | +26.3% |
| Amounts payable | 17/49 | €249,776 | €280,733 | +€30,957 | +12.4% |
| Amounts payable after more than one year | 17 | €82,222 | €25,694 | -€56,528 | -68.8% |
| Financial debts | 170/4 | €82,222 | €25,694 | -€56,528 | -68.8% |
| Amounts payable within one year | 42/48 | €167,554 | €255,038 | +€87,485 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €61,667 | €56,528 | -€5,139 | -8.3% |
| Trade debts | 44 | €805 | €2,903 | +€2,098 | +261% |
| Suppliers | 440/4 | €805 | €2,903 | +€2,098 | +261% |
| Taxes, remuneration and social security | 45 | €103,449 | €137,442 | +€33,993 | +32.9% |
| Taxes | 450/3 | €97,465 | €126,806 | +€29,341 | +30.1% |
| Remuneration and social security | 454/9 | €5,984 | €10,636 | +€4,652 | +77.7% |
| Other amounts payable | 47/48 | €1,633 | €58,166 | +€56,533 | +3,462% |
| Remuneration, social security and pensions | 62 | €35,659 | €35,290 | -€369 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,166 | €77,972 | +€5,806 | +8.0% |
| Other operating charges | 640/8 | €8,609 | €10,091 | +€1,482 | +17.2% |
| Gross operating margin | 9900 | €652,549 | €745,658 | +€93,109 | +14.3% |
| Operating profit (loss) | 9901 | €536,115 | €622,305 | +€86,190 | +16.1% |
| Financial income | 75/76B | €5,820 | €20,149 | +€14,329 | +246% |
| Recurring financial income | 75 | €5,820 | €20,149 | +€14,329 | +246% |
| Financial charges | 65/66B | €8,101 | €5,716 | -€2,385 | -29.4% |
| Recurring financial charges | 65 | €8,101 | €5,716 | -€2,385 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €533,833 | €636,738 | +€102,905 | +19.3% |
| Income taxes | 67/77 | €170,826 | €199,009 | +€28,184 | +16.5% |
| Profit (loss) for the period | 9904 | €363,007 | €437,728 | +€74,721 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €363,007 | €437,728 | +€74,721 | +20.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.