DENNICK: what changed
DENNICK
Largest movements
- Cash +€12,846
up €12,846 (+45.9%), from €28,006 to €40,852
mainly Net result for the year (+€13,723) and Depreciation (+€10,574)
- Tangible fixed assets -€8,492
down €8,492 (-29.4%), from €28,841 to €20,349
of which Plant, machinery and equipment: -€5,230
- Receivables within one year +€5,462
up €5,462 (+78.7%), from €6,945 to €12,407
of which Trade receivables: +€6,450
- Deferred charges and accrued income +€1,746
new in 2025: €1,746
- Profit (loss) carried forward +€8,723
up €8,723 (+34.0%), from €25,672 to €34,396
- Other debts +€6,650
new in 2025: €6,650
- Trade debts -€3,627
down €3,627 (-26.6%), from €13,629 to €10,002
- Tax, wage and social debts +€3,059
up €3,059 (+27.7%), from €11,036 to €14,095
of which Taxes: +€1,728
- Current portion of long-term debt -€2,885
down €2,885 (-65.7%), from €4,389 to €1,504
- Gross operating margin +€22,157
up €22,157 (+35.8%), from €61,909 to €84,066
- Staff costs +€7,573
up €7,573 (+18.1%), from €41,865 to €49,438
- Taxes +€3,682
up €3,682 (+1,457%), from €253 to €3,935
- Other operating charges -€3,435
down €3,435 (-47.0%), from €7,313 to €3,878
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 | €76,835 | €88,755 | +€11,920 | +15.5% |
| Fixed assets | 21/28 | €32,841 | €24,349 | -€8,492 | -25.9% |
| Tangible fixed assets | 22/27 | €28,841 | €20,349 | -€8,492 | -29.4% |
| Land and buildings | 22 | €374 | €19 | -€355 | -95.0% |
| Plant, machinery and equipment | 23 | €18,724 | €13,494 | -€5,230 | -27.9% |
| Furniture and vehicles | 24 | €8,400 | €5,941 | -€2,460 | -29.3% |
| Other tangible fixed assets | 26 | €1,342 | €895 | -€447 | -33.3% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €43,994 | €64,406 | +€20,412 | +46.4% |
| Stocks and contracts in progress | 3 | €9,043 | €9,401 | +€358 | +4.0% |
| Stocks | 30/36 | €9,043 | €9,401 | +€358 | +4.0% |
| Amounts receivable within one year | 40/41 | €6,945 | €12,407 | +€5,462 | +78.7% |
| Trade receivables | 40 | - | €6,450 | +€6,450 | |
| Other amounts receivable | 41 | €6,945 | €5,956 | -€988 | -14.2% |
| Cash at bank and in hand | 54/58 | €28,006 | €40,852 | +€12,846 | +45.9% |
| Deferred charges and accrued income | 490/1 | - | €1,746 | +€1,746 | |
| Total equity and liabilities | 10/49 | €76,835 | €88,755 | +€11,920 | +15.5% |
| Equity | 10/15 | €44,272 | €52,996 | +€8,723 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,672 | €34,396 | +€8,723 | +34.0% |
| Amounts payable | 17/49 | €32,563 | €35,759 | +€3,197 | +9.8% |
| Amounts payable after more than one year | 17 | €2,804 | €2,804 | = | 0.0% |
| Financial debts | 170/4 | €2,804 | €2,804 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,759 | €32,956 | +€3,197 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €4,389 | €1,504 | -€2,885 | -65.7% |
| Trade debts | 44 | €13,629 | €10,002 | -€3,627 | -26.6% |
| Suppliers | 440/4 | €13,629 | €10,002 | -€3,627 | -26.6% |
| Advances received on contracts in progress | 46 | €705 | €705 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,036 | €14,095 | +€3,059 | +27.7% |
| Taxes | 450/3 | €2,955 | €4,682 | +€1,728 | +58.5% |
| Remuneration and social security | 454/9 | €8,081 | €9,412 | +€1,331 | +16.5% |
| Other amounts payable | 47/48 | - | €6,650 | +€6,650 | |
| Remuneration, social security and pensions | 62 | €41,865 | €49,438 | +€7,573 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,468 | €10,574 | +€106 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €826 | +€826 | |
| Other operating charges | 640/8 | €7,313 | €3,878 | -€3,435 | -47.0% |
| Gross operating margin | 9900 | €61,909 | €84,066 | +€22,157 | +35.8% |
| Operating profit (loss) | 9901 | €2,263 | €19,350 | +€17,087 | +755% |
| Financial income | 75/76B | €295 | €0 | -€295 | -100% |
| Recurring financial income | 75 | €295 | €0 | -€295 | -100% |
| Financial charges | 65/66B | €2,216 | €1,692 | -€525 | -23.7% |
| Recurring financial charges | 65 | €2,216 | €1,692 | -€525 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €342 | €17,658 | +€17,317 | +5,067% |
| Income taxes | 67/77 | €253 | €3,935 | +€3,682 | +1,457% |
| Profit (loss) for the period | 9904 | €89 | €13,723 | +€13,634 | +15,306% |
| Profit (loss) for the period to be appropriated | 9905 | €89 | €13,723 | +€13,634 | +15,306% |
Next steps
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 1 November 2026 via checked.be.