Denko International: what changed
What changed
Denko International
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€50,867
2024 · €41,060+€9,807
Equity
€645,553
2024 · €595,545+€50,008
Cash
€120,122
2024 · €89,172+€30,950
Balance sheet total
€872,120
2024 · €831,048+€41,072
Largest movements
Assets
- Tangible fixed assets +€38,493
up €38,493 (+8.4%), from €458,752 to €497,245
of which Furniture and vehicles: +€46,675
- Cash +€30,950
up €30,950 (+34.7%), from €89,172 to €120,122
mainly Net result for the year (+€50,867) and Receivables within one year (+€28,884)
- Receivables within one year -€28,884
down €28,884 (-10.4%), from €276,903 to €248,019
of which Trade receivables: -€28,884
Equity and liabilities
- Reserves +€37,666
up €37,666 (+8.9%), from €425,523 to €463,189
of which Distributable reserves: +€40,000
- Debts after one year -€12,500
down €12,500 (-16.9%), from €73,959 to €61,460
- Profit (loss) carried forward +€12,342
up €12,342 (+8.2%), from €150,022 to €162,364
- Tax, wage and social debts +€9,328
up €9,328 (+87.8%), from €10,624 to €19,952
of which Taxes: +€9,014
Income statement
- Gross operating margin +€27,291
up €27,291 (+33.1%), from €82,361 to €109,652
- Depreciation +€8,471
up €8,471 (+57.3%), from €14,788 to €23,259
- Taxes +€8,167
up €8,167 (+48.1%), from €16,979 to €25,146
- Other operating charges +€1,489
up €1,489 (+48.5%), from €3,073 to €4,562
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.
Result 2024
€41,060
Gross operating margin
+€27,291
Depreciation
-€8,471
Other operating charges
-€1,489
Financial income
-€3
Financial charges
+€646
Taxes
-€8,167
Result 2025
€50,867
raises the resultlowers the result
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.
From operations
+€109,478
Investment
-€61,252
Financing
-€17,276
Cash 2024
€89,172
From operations (derived)
+€109,478
Net result for the year
+€50,867
Depreciation
+€23,259
Receivables within one year
+€28,884
Deferred charges and accrued income
-€1,013
Provisions
-€1,208
Trade debts
+€1,497
Tax, wage and social debts
+€9,328
Other debts
-€351
Accrued charges and deferred income
-€1,785
Investment (derived)
-€61,252
Investment in fixed assets (net)
-€61,252
Financing
-€17,276
Debts after one year
-€12,500
Current portion of long-term debt
-€3,917
Contributions, distributions and other
-€859
Cash 2025
€120,122
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €831,048 | €872,120 | +€41,072 | +4.9% |
| Fixed assets | 21/28 | €462,652 | €500,645 | +€37,993 | +8.2% |
| Intangible fixed assets | 21 | €3,500 | €3,000 | -€500 | -14.3% |
| Tangible fixed assets | 22/27 | €458,752 | €497,245 | +€38,493 | +8.4% |
| Land and buildings | 22 | €452,558 | €442,760 | -€9,798 | -2.2% |
| Plant, machinery and equipment | 23 | - | €1,616 | +€1,616 | |
| Furniture and vehicles | 24 | €2,431 | €49,106 | +€46,675 | +1,920% |
| Other tangible fixed assets | 26 | €3,763 | €3,763 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €368,397 | €371,476 | +€3,079 | +0.8% |
| Amounts receivable within one year | 40/41 | €276,903 | €248,019 | -€28,884 | -10.4% |
| Trade receivables | 40 | €76,903 | €48,019 | -€28,884 | -37.6% |
| Other amounts receivable | 41 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €89,172 | €120,122 | +€30,950 | +34.7% |
| Deferred charges and accrued income | 490/1 | €2,322 | €3,335 | +€1,013 | +43.6% |
| Total equity and liabilities | 10/49 | €831,048 | €872,120 | +€41,072 | +4.9% |
| Equity | 10/15 | €595,545 | €645,553 | +€50,008 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €425,523 | €463,189 | +€37,666 | +8.9% |
| Tax-exempt reserves | 132 | €62,923 | €60,589 | -€2,334 | -3.7% |
| Distributable reserves | 133 | €362,600 | €402,600 | +€40,000 | +11.0% |
| Profit (loss) carried forward | 14 | €150,022 | €162,364 | +€12,342 | +8.2% |
| Provisions and deferred taxes | 16 | €22,702 | €21,494 | -€1,208 | -5.3% |
| Deferred taxes | 168 | €22,702 | €21,494 | -€1,208 | -5.3% |
| Amounts payable | 17/49 | €212,801 | €205,073 | -€7,728 | -3.6% |
| Amounts payable after more than one year | 17 | €73,959 | €61,460 | -€12,500 | -16.9% |
| Financial debts | 170/4 | €73,959 | €61,460 | -€12,500 | -16.9% |
| Amounts payable within one year | 42/48 | €136,521 | €143,078 | +€6,557 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €18,738 | €14,821 | -€3,917 | -20.9% |
| Trade debts | 44 | €16,780 | €18,278 | +€1,497 | +8.9% |
| Suppliers | 440/4 | €16,780 | €18,278 | +€1,497 | +8.9% |
| Taxes, remuneration and social security | 45 | €10,624 | €19,952 | +€9,328 | +87.8% |
| Taxes | 450/3 | €10,275 | €19,289 | +€9,014 | +87.7% |
| Remuneration and social security | 454/9 | €349 | €663 | +€314 | +89.9% |
| Other amounts payable | 47/48 | €90,378 | €90,027 | -€351 | -0.4% |
| Accrued charges and deferred income | 492/3 | €2,321 | €536 | -€1,785 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,788 | €23,259 | +€8,471 | +57.3% |
| Other operating charges | 640/8 | €3,073 | €4,562 | +€1,489 | +48.5% |
| Gross operating margin | 9900 | €82,361 | €109,652 | +€27,291 | +33.1% |
| Operating profit (loss) | 9901 | €64,500 | €81,832 | +€17,331 | +26.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €7,673 | €7,027 | -€646 | -8.4% |
| Recurring financial charges | 65 | €7,673 | €7,027 | -€646 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €56,830 | €74,805 | +€17,974 | +31.6% |
| Transfer from deferred taxes | 780 | €1,208 | €1,208 | = | 0.0% |
| Income taxes | 67/77 | €16,979 | €25,146 | +€8,167 | +48.1% |
| Profit (loss) for the period | 9904 | €41,060 | €50,867 | +€9,807 | +23.9% |
| Transfer from tax-exempt reserves | 789 | €2,334 | €2,334 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,394 | €53,201 | +€9,807 | +22.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.