DENMAR: 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.
DENMAR
Largest movements
- Cash +€17,465
up €17,465 (+44.6%), from €39,186 to €56,651
mainly Net result for the year (+€11,036) and Depreciation (+€10,699)
- Tangible fixed assets -€10,699
down €10,699 (-34.1%), from €31,342 to €20,643
of which Leasing and similar rights: -€7,645
- Receivables within one year -€1,917
down €1,917 (-51.7%), from €3,707 to €1,790
of which Other amounts receivable: -€1,809
- Reserves +€11,036
up €11,036 (+31.9%), from €34,636 to €45,672
of which Distributable reserves: +€11,036
- Debts after one year -€6,308
down €6,308 (-53.5%), from €11,785 to €5,478
- Tax, wage and social debts +€1,463
up €1,463 (+27.9%), from €5,248 to €6,710
- Gross operating margin +€2,966
up €2,966 (+10.1%), from €29,295 to €32,261
- Taxes +€1,463
up €1,463 (+37.5%), from €3,898 to €5,360
- Financial charges -€506
down €506 (-16.2%), from €3,121 to €2,615
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 | €79,676 | €84,934 | +€5,257 | +6.6% |
| Fixed assets | 21/28 | €31,361 | €20,662 | -€10,699 | -34.1% |
| Tangible fixed assets | 22/27 | €31,342 | €20,643 | -€10,699 | -34.1% |
| Land and buildings | 22 | €2,916 | €2,284 | -€632 | -21.7% |
| Plant, machinery and equipment | 23 | €4,334 | €2,392 | -€1,942 | -44.8% |
| Leasing and similar rights | 25 | €21,133 | €13,488 | -€7,645 | -36.2% |
| Other tangible fixed assets | 26 | €2,960 | €2,480 | -€480 | -16.2% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €48,316 | €64,272 | +€15,956 | +33.0% |
| Stocks and contracts in progress | 3 | €4,097 | €4,260 | +€163 | +4.0% |
| Stocks | 30/36 | €4,097 | €4,260 | +€163 | +4.0% |
| Amounts receivable within one year | 40/41 | €3,707 | €1,790 | -€1,917 | -51.7% |
| Trade receivables | 40 | €108 | - | -€108 | |
| Other amounts receivable | 41 | €3,599 | €1,790 | -€1,809 | -50.3% |
| Cash at bank and in hand | 54/58 | €39,186 | €56,651 | +€17,465 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,326 | €1,571 | +€246 | +18.5% |
| Total equity and liabilities | 10/49 | €79,676 | €84,934 | +€5,257 | +6.6% |
| Equity | 10/15 | €44,076 | €55,113 | +€11,036 | +25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,636 | €45,672 | +€11,036 | +31.9% |
| Non-distributable reserves | 130/1 | €2,702 | €2,702 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,702 | €2,702 | = | 0.0% |
| Distributable reserves | 133 | €31,934 | €42,970 | +€11,036 | +34.6% |
| Profit (loss) carried forward | 14 | €3,241 | €3,241 | = | 0.0% |
| Amounts payable | 17/49 | €35,600 | €29,821 | -€5,779 | -16.2% |
| Amounts payable after more than one year | 17 | €11,785 | €5,478 | -€6,308 | -53.5% |
| Financial debts | 170/4 | €11,785 | €5,478 | -€6,308 | -53.5% |
| Amounts payable within one year | 42/48 | €23,814 | €24,343 | +€529 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €6,012 | €6,308 | +€296 | +4.9% |
| Trade debts | 44 | €5,615 | €5,207 | -€408 | -7.3% |
| Suppliers | 440/4 | €5,615 | €5,207 | -€408 | -7.3% |
| Taxes, remuneration and social security | 45 | €5,248 | €6,710 | +€1,463 | +27.9% |
| Taxes | 450/3 | €5,248 | €6,710 | +€1,463 | +27.9% |
| Other amounts payable | 47/48 | €6,940 | €6,118 | -€822 | -11.8% |
| Remuneration, social security and pensions | 62 | -€231 | - | +€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,699 | €10,699 | = | 0.0% |
| Other operating charges | 640/8 | €2,752 | €2,556 | -€196 | -7.1% |
| Gross operating margin | 9900 | €29,295 | €32,261 | +€2,966 | +10.1% |
| Operating profit (loss) | 9901 | €16,075 | €19,006 | +€2,931 | +18.2% |
| Financial income | 75/76B | €51 | €6 | -€45 | -88.6% |
| Recurring financial income | 75 | €51 | €6 | -€45 | -88.6% |
| Financial charges | 65/66B | €3,121 | €2,615 | -€506 | -16.2% |
| Recurring financial charges | 65 | €3,121 | €2,615 | -€506 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €13,005 | €16,397 | +€3,392 | +26.1% |
| Income taxes | 67/77 | €3,898 | €5,360 | +€1,463 | +37.5% |
| Profit (loss) for the period | 9904 | €9,107 | €11,036 | +€1,929 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,107 | €11,036 | +€1,929 | +21.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.