DENKBAR: 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.
DENKBAR
Largest movements
- Cash +€99,334
up €99,334 (+80.4%), from €123,619 to €222,953
mainly Net result for the year (+€95,583) and Trade debts (+€36,352)
- Receivables within one year +€7,785
up €7,785 (+24.7%), from €31,506 to €39,291
of which Trade receivables: +€7,785
- Reserves +€95,583
up €95,583 (+106.5%), from €89,733 to €185,316
- Other debts -€39,658
down €39,658 (-91.2%), from €43,480 to €3,822
- Trade debts +€36,352
up €36,352 (+502.1%), from €7,240 to €43,593
- Tax, wage and social debts +€15,460
up €15,460 (+78.0%), from €19,821 to €35,281
- Gross operating margin +€65,079
up €65,079 (+82.6%), from €78,809 to €143,888
- Taxes +€21,220
up €21,220 (+104.3%), from €20,336 to €41,556
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 | €166,475 | €274,212 | +€107,737 | +64.7% |
| Fixed assets | 21/28 | €8,781 | €7,961 | -€820 | -9.3% |
| Tangible fixed assets | 22/27 | €8,781 | €7,961 | -€820 | -9.3% |
| Land and buildings | 22 | €4,772 | €3,857 | -€915 | -19.2% |
| Plant, machinery and equipment | 23 | €4,009 | €2,236 | -€1,773 | -44.2% |
| Furniture and vehicles | 24 | - | €1,868 | +€1,868 | |
| Current assets | 29/58 | €157,693 | €266,251 | +€108,558 | +68.8% |
| Amounts receivable within one year | 40/41 | €31,506 | €39,291 | +€7,785 | +24.7% |
| Trade receivables | 40 | €31,506 | €39,291 | +€7,785 | +24.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €123,619 | €222,953 | +€99,334 | +80.4% |
| Deferred charges and accrued income | 490/1 | €2,568 | €4,006 | +€1,438 | +56.0% |
| Total equity and liabilities | 10/49 | €166,475 | €274,212 | +€107,737 | +64.7% |
| Equity | 10/15 | €95,933 | €191,516 | +€95,583 | +99.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €89,733 | €185,316 | +€95,583 | +106.5% |
| Distributable reserves | 133 | €89,733 | €185,316 | +€95,583 | +106.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,542 | €82,696 | +€12,154 | +17.2% |
| Amounts payable within one year | 42/48 | €70,542 | €82,696 | +€12,154 | +17.2% |
| Trade debts | 44 | €7,240 | €43,593 | +€36,352 | +502.1% |
| Suppliers | 440/4 | €7,240 | €43,593 | +€36,352 | +502.1% |
| Taxes, remuneration and social security | 45 | €19,821 | €35,281 | +€15,460 | +78.0% |
| Taxes | 450/3 | €19,821 | €35,281 | +€15,460 | +78.0% |
| Other amounts payable | 47/48 | €43,480 | €3,822 | -€39,658 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,952 | €2,708 | -€245 | -8.3% |
| Other operating charges | 640/8 | €1,060 | €2,103 | +€1,043 | +98.3% |
| Gross operating margin | 9900 | €78,809 | €143,888 | +€65,079 | +82.6% |
| Operating profit (loss) | 9901 | €74,797 | €139,077 | +€64,281 | +85.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.2% |
| Financial charges | 65/66B | €2,409 | €1,938 | -€471 | -19.6% |
| Recurring financial charges | 65 | €2,409 | €1,938 | -€471 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €72,388 | €137,139 | +€64,751 | +89.4% |
| Income taxes | 67/77 | €20,336 | €41,556 | +€21,220 | +104.3% |
| Profit (loss) for the period | 9904 | €52,053 | €95,583 | +€43,531 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,053 | €95,583 | +€43,531 | +83.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.