Denkways: what changed
Denkways
Largest movements
- Tangible fixed assets -€3,344
down €3,344 (-12.8%), from €26,145 to €22,801
of which Plant, machinery and equipment: -€3,044
- Intangible fixed assets -€2,512
down €2,512 (-26.1%), from €9,628 to €7,116
- Cash +€2,273
up €2,273 (+70.0%), from €3,245 to €5,519
mainly Net result for the year (+€11,272) and Depreciation (+€10,098)
- Receivables within one year +€1,440
up €1,440 (+19.4%), from €7,425 to €8,864
of which Trade receivables: +€1,958
- Formation expenses +€586
new in 2025: €586
- Other debts -€24,379
down €24,379 (-81.7%), from €29,842 to €5,463
- Reserves +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Tax, wage and social debts +€5,204
up €5,204 (+183%), from €2,838 to €8,042
- Trade debts +€4,892
up €4,892 (+638%), from €767 to €5,659
- Accrued charges and deferred income +€1,581
up €1,581 (+884%), from €179 to €1,760
- Gross operating margin +€2,936
up €2,936 (+11.7%), from €25,167 to €28,102
- Taxes +€1,400
up €1,400 (+49.3%), from €2,838 to €4,238
- Financial charges +€1,190
up €1,190 (+375%), from €317 to €1,507
- Other operating charges +€987
new in 2025: €987
- Depreciation -€736
down €736 (-6.8%), from €10,834 to €10,098
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 | €46,803 | €45,373 | -€1,430 | -3.1% |
| Formation expenses | 20 | - | €586 | +€586 | |
| Fixed assets | 21/28 | €35,773 | €29,917 | -€5,856 | -16.4% |
| Intangible fixed assets | 21 | €9,628 | €7,116 | -€2,512 | -26.1% |
| Tangible fixed assets | 22/27 | €26,145 | €22,801 | -€3,344 | -12.8% |
| Plant, machinery and equipment | 23 | €24,945 | €21,901 | -€3,044 | -12.2% |
| Furniture and vehicles | 24 | €1,200 | €900 | -€300 | -25.0% |
| Current assets | 29/58 | €11,030 | €14,871 | +€3,841 | +34.8% |
| Amounts receivable within one year | 40/41 | €7,425 | €8,864 | +€1,440 | +19.4% |
| Trade receivables | 40 | €6,907 | €8,864 | +€1,958 | +28.3% |
| Other amounts receivable | 41 | €518 | €0 | -€518 | -100% |
| Cash at bank and in hand | 54/58 | €3,245 | €5,519 | +€2,273 | +70.0% |
| Deferred charges and accrued income | 490/1 | €360 | €488 | +€128 | +35.5% |
| Total equity and liabilities | 10/49 | €46,803 | €45,373 | -€1,430 | -3.1% |
| Equity | 10/15 | €13,177 | €24,449 | +€11,272 | +85.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €20,000 | +€10,000 | +100% |
| Distributable reserves | 133 | €10,000 | €20,000 | +€10,000 | +100% |
| Profit (loss) carried forward | 14 | €1,177 | €2,449 | +€1,272 | +108% |
| Amounts payable | 17/49 | €33,626 | €20,924 | -€12,702 | -37.8% |
| Amounts payable within one year | 42/48 | €33,447 | €19,164 | -€14,283 | -42.7% |
| Trade debts | 44 | €767 | €5,659 | +€4,892 | +638% |
| Suppliers | 440/4 | €767 | €5,659 | +€4,892 | +638% |
| Taxes, remuneration and social security | 45 | €2,838 | €8,042 | +€5,204 | +183% |
| Taxes | 450/3 | €2,838 | €8,042 | +€5,204 | +183% |
| Other amounts payable | 47/48 | €29,842 | €5,463 | -€24,379 | -81.7% |
| Accrued charges and deferred income | 492/3 | €179 | €1,760 | +€1,581 | +884% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,834 | €10,098 | -€736 | -6.8% |
| Other operating charges | 640/8 | - | €987 | +€987 | |
| Gross operating margin | 9900 | €25,167 | €28,102 | +€2,936 | +11.7% |
| Operating profit (loss) | 9901 | €14,333 | €17,017 | +€2,685 | +18.7% |
| Financial charges | 65/66B | €317 | €1,507 | +€1,190 | +375% |
| Recurring financial charges | 65 | €317 | €1,507 | +€1,190 | +375% |
| Profit (loss) for the period before taxes | 9903 | €14,015 | €15,510 | +€1,495 | +10.7% |
| Income taxes | 67/77 | €2,838 | €4,238 | +€1,400 | +49.3% |
| Profit (loss) for the period | 9904 | €11,177 | €11,272 | +€95 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,177 | €11,272 | +€95 | +0.9% |
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 6 November 2026 via checked.be.