DENNEVEN: what changed
Two financial 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.
DENNEVEN
Largest movements
- Tangible fixed assets -€34,760
down €34,760 (-9.7%), from €358,439 to €323,678
of which Furniture and vehicles: -€21,675
- Receivables within one year +€9,841
up €9,841 (+48.5%), from €20,286 to €30,127
of which Trade receivables: +€8,008
- Debts after one year -€38,426
down €38,426 (-28.1%), from €136,650 to €98,224
of which Financial debts: -€27,317
- Profit (loss) carried forward +€5,935
up €5,935 (+2.7%), from €217,285 to €223,221
- Other operating charges -€27,841
down €27,841 (-85.6%), from €32,530 to €4,689
- Gross operating margin -€13,832
down €13,832 (-15.9%), from €87,002 to €73,170
- Staff costs +€4,722
up €4,722 (+57.6%), from €8,201 to €12,923
- Depreciation +€3,401
up €3,401 (+10.3%), from €33,114 to €36,515
- Taxes +€1,520
up €1,520 (+51.4%), from €2,957 to €4,477
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.
Derived cash bridge
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 | €429,476 | €403,708 | -€25,768 | -6.0% |
| Fixed assets | 21/28 | €358,439 | €323,678 | -€34,760 | -9.7% |
| Tangible fixed assets | 22/27 | €358,439 | €323,678 | -€34,760 | -9.7% |
| Land and buildings | 22 | €307,623 | €296,460 | -€11,163 | -3.6% |
| Plant, machinery and equipment | 23 | €9,107 | €7,932 | -€1,175 | -12.9% |
| Furniture and vehicles | 24 | €40,961 | €19,286 | -€21,675 | -52.9% |
| Other tangible fixed assets | 26 | €748 | €0 | -€748 | -100% |
| Current assets | 29/58 | €71,038 | €80,030 | +€8,993 | +12.7% |
| Stocks and contracts in progress | 3 | €14,458 | €14,742 | +€283 | +2.0% |
| Stocks | 30/36 | €14,458 | €14,742 | +€283 | +2.0% |
| Amounts receivable within one year | 40/41 | €20,286 | €30,127 | +€9,841 | +48.5% |
| Trade receivables | 40 | €12,376 | €20,384 | +€8,008 | +64.7% |
| Other amounts receivable | 41 | €7,910 | €9,743 | +€1,833 | +23.2% |
| Cash at bank and in hand | 54/58 | €34,914 | €33,461 | -€1,453 | -4.2% |
| Deferred charges and accrued income | 490/1 | €1,379 | €1,700 | +€321 | +23.3% |
| Total equity and liabilities | 10/49 | €429,476 | €403,708 | -€25,768 | -6.0% |
| Equity | 10/15 | €238,185 | €244,121 | +€5,935 | +2.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,285 | €223,221 | +€5,935 | +2.7% |
| Amounts payable | 17/49 | €191,291 | €159,587 | -€31,703 | -16.6% |
| Amounts payable after more than one year | 17 | €136,650 | €98,224 | -€38,426 | -28.1% |
| Financial debts | 170/4 | €123,606 | €96,289 | -€27,317 | -22.1% |
| Other amounts payable | 178/9 | €13,044 | €1,935 | -€11,109 | -85.2% |
| Amounts payable within one year | 42/48 | €54,641 | €61,363 | +€6,723 | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €27,438 | €27,317 | -€121 | -0.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,321 | €7,931 | +€2,609 | +49.0% |
| Suppliers | 440/4 | €5,321 | €7,931 | +€2,609 | +49.0% |
| Taxes, remuneration and social security | 45 | €1,511 | €5,051 | +€3,540 | +234% |
| Taxes | 450/3 | €628 | €2,303 | +€1,675 | +267% |
| Remuneration and social security | 454/9 | €883 | €2,749 | +€1,866 | +211% |
| Other amounts payable | 47/48 | €20,370 | €21,064 | +€694 | +3.4% |
| Non-recurring operating income | 76A | €53,110 | €0 | -€53,110 | -100% |
| Remuneration, social security and pensions | 62 | €8,201 | €12,923 | +€4,722 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,114 | €36,515 | +€3,401 | +10.3% |
| Other operating charges | 640/8 | €32,530 | €4,689 | -€27,841 | -85.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €87,002 | €73,170 | -€13,832 | -15.9% |
| Operating profit (loss) | 9901 | €13,157 | €19,043 | +€5,886 | +44.7% |
| Financial income | 75/76B | €215 | €450 | +€235 | +110% |
| Recurring financial income | 75 | €215 | €450 | +€235 | +110% |
| Financial charges | 65/66B | €7,836 | €9,081 | +€1,245 | +15.9% |
| Recurring financial charges | 65 | €7,836 | €9,081 | +€1,245 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €5,536 | €10,413 | +€4,876 | +88.1% |
| Income taxes | 67/77 | €2,957 | €4,477 | +€1,520 | +51.4% |
| Profit (loss) for the period | 9904 | €2,579 | €5,935 | +€3,356 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €2,579 | €5,935 | +€3,356 | +130% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.