DENNIS TYFUS: 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.
DENNIS TYFUS
Largest movements
- Receivables within one year +€27,088
up €27,088 (+86.6%), from €31,279 to €58,367
of which Trade receivables: +€18,783
- Tangible fixed assets -€17,908
down €17,908 (-5.3%), from €335,282 to €317,374
of which Land and buildings: -€15,309
- Cash +€10,336
up €10,336 (+5.9%), from €175,811 to €186,147
mainly Trade debts (+€26,839) and Depreciation (+€17,908)
- Trade debts +€26,839
up €26,839 (+256%), from €10,469 to €37,309
- Debts after one year -€16,173
down €16,173 (-7.5%), from €214,942 to €198,769
- Reserves +€8,638
up €8,638 (+3.0%), from €288,708 to €297,347
- Gross operating margin -€165,902
down €165,902 (-81.4%), from €203,824 to €37,922
- Taxes -€48,407
down €48,407 (-92.9%), from €52,122 to €3,715
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 | €544,771 | €561,887 | +€17,116 | +3.1% |
| Fixed assets | 21/28 | €335,282 | €317,374 | -€17,908 | -5.3% |
| Tangible fixed assets | 22/27 | €335,282 | €317,374 | -€17,908 | -5.3% |
| Land and buildings | 22 | €305,226 | €289,917 | -€15,309 | -5.0% |
| Plant, machinery and equipment | 23 | €5,732 | €4,271 | -€1,461 | -25.5% |
| Furniture and vehicles | 24 | €24,323 | €23,186 | -€1,138 | -4.7% |
| Current assets | 29/58 | €209,489 | €244,514 | +€35,024 | +16.7% |
| Amounts receivable within one year | 40/41 | €31,279 | €58,367 | +€27,088 | +86.6% |
| Trade receivables | 40 | €24,274 | €43,057 | +€18,783 | +77.4% |
| Other amounts receivable | 41 | €7,005 | €15,310 | +€8,305 | +119% |
| Cash at bank and in hand | 54/58 | €175,811 | €186,147 | +€10,336 | +5.9% |
| Deferred charges and accrued income | 490/1 | €2,400 | - | -€2,400 | |
| Total equity and liabilities | 10/49 | €544,771 | €561,887 | +€17,116 | +3.1% |
| Equity | 10/15 | €293,708 | €302,347 | +€8,638 | +2.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €288,708 | €297,347 | +€8,638 | +3.0% |
| Distributable reserves | 133 | €288,708 | €297,347 | +€8,638 | +3.0% |
| Amounts payable | 17/49 | €251,063 | €259,541 | +€8,478 | +3.4% |
| Amounts payable after more than one year | 17 | €214,942 | €198,769 | -€16,173 | -7.5% |
| Financial debts | 170/4 | €214,942 | €198,769 | -€16,173 | -7.5% |
| Amounts payable within one year | 42/48 | €34,055 | €59,458 | +€25,403 | +74.6% |
| Current portion of amounts payable after more than one year | 42 | €15,744 | €16,173 | +€428 | +2.7% |
| Trade debts | 44 | €10,469 | €37,309 | +€26,839 | +256% |
| Suppliers | 440/4 | €10,469 | €37,309 | +€26,839 | +256% |
| Taxes, remuneration and social security | 45 | €2,122 | - | -€2,122 | |
| Taxes | 450/3 | €2,122 | - | -€2,122 | |
| Other amounts payable | 47/48 | €5,720 | €5,977 | +€257 | +4.5% |
| Accrued charges and deferred income | 492/3 | €2,066 | €1,314 | -€752 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,359 | €17,908 | +€549 | +3.2% |
| Other operating charges | 640/8 | €2,734 | €1,536 | -€1,198 | -43.8% |
| Gross operating margin | 9900 | €203,824 | €37,922 | -€165,902 | -81.4% |
| Operating profit (loss) | 9901 | €183,732 | €18,478 | -€165,254 | -89.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,692 | €6,125 | -€567 | -8.5% |
| Recurring financial charges | 65 | €6,692 | €6,125 | -€567 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €177,040 | €12,353 | -€164,687 | -93.0% |
| Income taxes | 67/77 | €52,122 | €3,715 | -€48,407 | -92.9% |
| Profit (loss) for the period | 9904 | €124,918 | €8,638 | -€116,280 | -93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,918 | €8,638 | -€116,280 | -93.1% |
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 16 October 2026 via checked.be.