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 +€56,212
new in 2024: €56,212
mainly Depreciation (+€35,400) and Current investments (+€32,298)
- Tangible fixed assets -€34,301
down €34,301 (-23.1%), from €148,754 to €114,453
of which Land and buildings: -€35,123
- Current investments -€32,298
no longer reported in 2024 (was €32,298)
- Debts after one year -€29,470
down €29,470 (-7.0%), from €418,963 to €389,493
- Profit (loss) carried forward +€20,653
up €20,653 (+6.9%), from -€300,244 to -€279,591
- Gross operating margin +€18,301
up €18,301 (+38.4%), from €47,636 to €65,936
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,402 | €171,014 | -€10,387 | -5.7% |
| Fixed assets | 21/28 | €149,104 | €114,803 | -€34,301 | -23.0% |
| Tangible fixed assets | 22/27 | €148,754 | €114,453 | -€34,301 | -23.1% |
| Land and buildings | 22 | €148,506 | €113,383 | -€35,123 | -23.7% |
| Plant, machinery and equipment | 23 | €248 | €165 | -€83 | -33.3% |
| Furniture and vehicles | 24 | - | €904 | +€904 | |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €32,298 | €56,212 | +€23,914 | +74.0% |
| Current investments | 50/53 | €32,298 | - | -€32,298 | |
| Cash at bank and in hand | 54/58 | - | €56,212 | +€56,212 | |
| Total equity and liabilities | 10/49 | €181,402 | €171,014 | -€10,387 | -5.7% |
| Equity | 10/15 | -€275,244 | -€254,591 | +€20,653 | +7.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,244 | -€279,591 | +€20,653 | +6.9% |
| Amounts payable | 17/49 | €456,646 | €425,606 | -€31,040 | -6.8% |
| Amounts payable after more than one year | 17 | €418,963 | €389,493 | -€29,470 | -7.0% |
| Financial debts | 170/4 | €418,963 | €389,493 | -€29,470 | -7.0% |
| Amounts payable within one year | 42/48 | €36,947 | €36,113 | -€835 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €32,819 | €31,908 | -€911 | -2.8% |
| Trade debts | 44 | €0 | €76 | +€76 | |
| Suppliers | 440/4 | €0 | €76 | +€76 | |
| Other amounts payable | 47/48 | €4,129 | €4,129 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €735 | - | -€735 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,894 | €35,400 | -€494 | -1.4% |
| Other operating charges | 640/8 | €3,578 | €3,723 | +€145 | +4.0% |
| Gross operating margin | 9900 | €47,636 | €65,936 | +€18,301 | +38.4% |
| Operating profit (loss) | 9901 | €8,163 | €26,813 | +€18,650 | +228.5% |
| Financial charges | 65/66B | €6,181 | €6,160 | -€21 | -0.3% |
| Recurring financial charges | 65 | €6,181 | €6,160 | -€21 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €1,982 | €20,653 | +€18,671 | +941.9% |
| Profit (loss) for the period | 9904 | €1,982 | €20,653 | +€18,671 | +941.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,982 | €20,653 | +€18,671 | +941.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.