DENJA: 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.
DENJA
Largest movements
- Receivables within one year +€6,954
up €6,954 (+10.7%), from €65,102 to €72,056
of which Other amounts receivable: +€10,000
- Cash -€5,721
down €5,721 (-43.4%), from €13,188 to €7,467
mainly Net result for the year (-€15,493) and Receivables within one year (-€6,954)
- Tangible fixed assets -€4,328
down €4,328 (-9.5%), from €45,682 to €41,354
- Profit (loss) carried forward -€15,493
down €15,493, from €5,557 to -€9,936
- Debts after one year +€10,000
new in 2025: €10,000
- Trade debts +€5,638
new in 2025: €5,638
- Tax, wage and social debts -€3,290
down €3,290 (-100.0%), from €3,290 to €0
- Gross operating margin -€28,365
down €28,365, from €22,594 to -€5,771
- Taxes -€3,290
down €3,290 (-100.0%), from €3,290 to €0
- Depreciation -€889
down €889 (-17.0%), from €5,217 to €4,328
- Other operating charges +€367
up €367 (+7.8%), from €4,721 to €5,088
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 | €124,113 | €121,026 | -€3,087 | -2.5% |
| Fixed assets | 21/28 | €45,682 | €41,354 | -€4,328 | -9.5% |
| Tangible fixed assets | 22/27 | €45,682 | €41,354 | -€4,328 | -9.5% |
| Land and buildings | 22 | €45,682 | €41,354 | -€4,328 | -9.5% |
| Current assets | 29/58 | €78,430 | €79,671 | +€1,241 | +1.6% |
| Amounts receivable within one year | 40/41 | €65,102 | €72,056 | +€6,954 | +10.7% |
| Trade receivables | 40 | €10,602 | €7,556 | -€3,046 | -28.7% |
| Other amounts receivable | 41 | €54,500 | €64,500 | +€10,000 | +18.3% |
| Cash at bank and in hand | 54/58 | €13,188 | €7,467 | -€5,721 | -43.4% |
| Deferred charges and accrued income | 490/1 | €140 | €148 | +€8 | +5.7% |
| Total equity and liabilities | 10/49 | €124,113 | €121,026 | -€3,087 | -2.5% |
| Equity | 10/15 | €64,795 | €49,301 | -€15,493 | -23.9% |
| Contributions | 10/11 | €53,828 | €53,828 | = | 0.0% |
| Reserves | 13 | €5,410 | €5,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,410 | €5,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,557 | -€9,936 | -€15,493 | |
| Amounts payable | 17/49 | €59,318 | €71,724 | +€12,406 | +20.9% |
| Amounts payable after more than one year | 17 | - | €10,000 | +€10,000 | |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €57,290 | €59,638 | +€2,349 | +4.1% |
| Trade debts | 44 | - | €5,638 | +€5,638 | |
| Suppliers | 440/4 | - | €5,638 | +€5,638 | |
| Taxes, remuneration and social security | 45 | €3,290 | €0 | -€3,290 | -100.0% |
| Taxes | 450/3 | €3,290 | €0 | -€3,290 | -100.0% |
| Other amounts payable | 47/48 | €54,000 | €54,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,028 | €2,086 | +€58 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,217 | €4,328 | -€889 | -17.0% |
| Other operating charges | 640/8 | €4,721 | €5,088 | +€367 | +7.8% |
| Gross operating margin | 9900 | €22,594 | -€5,771 | -€28,365 | |
| Operating profit (loss) | 9901 | €12,656 | -€15,187 | -€27,843 | |
| Financial charges | 65/66B | €363 | €307 | -€56 | -15.4% |
| Recurring financial charges | 65 | €363 | €307 | -€56 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €12,294 | -€15,493 | -€27,787 | |
| Income taxes | 67/77 | €3,290 | €0 | -€3,290 | -100.0% |
| Profit (loss) for the period | 9904 | €9,004 | -€15,493 | -€24,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,004 | -€15,493 | -€24,497 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.