Denny D: 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.
Denny D
Largest movements
- Cash +€21,257
up €21,257 (+18.5%), from €114,820 to €136,076
mainly Receivables within one year (+€19,102) and Net result for the year (+€3,292)
- Receivables within one year -€19,102
down €19,102 (-16.8%), from €114,026 to €94,924
of which Trade receivables: -€35,353
- Advances received -€4,512
no longer reported in 2025 (was €4,512)
- Reserves +€3,200
up €3,200 (+4.1%), from €77,970 to €81,170
- Trade debts +€2,994
up €2,994 (+4.9%), from €61,706 to €64,700
- Tax, wage and social debts -€2,442
down €2,442 (-34.7%), from €7,028 to €4,586
of which Taxes: -€2,635
- Write-downs -€20,228
no longer reported in 2025 (was €20,228)
- Gross operating margin -€16,496
down €16,496 (-20.7%), from €79,717 to €63,221
- Staff costs +€4,788
up €4,788 (+11.3%), from €42,489 to €47,277
- Other operating charges +€1,801
up €1,801 (+32.7%), from €5,512 to €7,312
- Taxes -€1,717
down €1,717 (-49.7%), from €3,458 to €1,740
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 | €235,850 | €235,244 | -€606 | -0.3% |
| Fixed assets | 21/28 | €6,381 | €4,160 | -€2,221 | -34.8% |
| Tangible fixed assets | 22/27 | €6,381 | €4,160 | -€2,221 | -34.8% |
| Plant, machinery and equipment | 23 | €5,034 | €3,503 | -€1,531 | -30.4% |
| Furniture and vehicles | 24 | €1,347 | €656 | -€691 | -51.3% |
| Current assets | 29/58 | €229,469 | €231,084 | +€1,615 | +0.7% |
| Amounts receivable within one year | 40/41 | €114,026 | €94,924 | -€19,102 | -16.8% |
| Trade receivables | 40 | €83,038 | €47,684 | -€35,353 | -42.6% |
| Other amounts receivable | 41 | €30,988 | €47,239 | +€16,251 | +52.4% |
| Cash at bank and in hand | 54/58 | €114,820 | €136,076 | +€21,257 | +18.5% |
| Deferred charges and accrued income | 490/1 | €623 | €84 | -€539 | -86.5% |
| Total equity and liabilities | 10/49 | €235,850 | €235,244 | -€606 | -0.3% |
| Equity | 10/15 | €140,158 | €143,450 | +€3,292 | +2.3% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €77,970 | €81,170 | +€3,200 | +4.1% |
| Distributable reserves | 133 | €77,970 | €81,170 | +€3,200 | +4.1% |
| Profit (loss) carried forward | 14 | €40,188 | €40,280 | +€92 | +0.2% |
| Amounts payable | 17/49 | €95,692 | €91,794 | -€3,898 | -4.1% |
| Amounts payable within one year | 42/48 | €95,692 | €91,666 | -€4,026 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €6,791 | €6,783 | -€7 | -0.1% |
| Trade debts | 44 | €61,706 | €64,700 | +€2,994 | +4.9% |
| Suppliers | 440/4 | €61,706 | €64,700 | +€2,994 | +4.9% |
| Advances received on contracts in progress | 46 | €4,512 | - | -€4,512 | |
| Taxes, remuneration and social security | 45 | €7,028 | €4,586 | -€2,442 | -34.7% |
| Taxes | 450/3 | €6,113 | €3,478 | -€2,635 | -43.1% |
| Remuneration and social security | 454/9 | €915 | €1,108 | +€193 | +21.0% |
| Other amounts payable | 47/48 | €15,656 | €15,596 | -€60 | -0.4% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Remuneration, social security and pensions | 62 | €42,489 | €47,277 | +€4,788 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,007 | €2,221 | +€214 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,228 | - | -€20,228 | |
| Other operating charges | 640/8 | €5,512 | €7,312 | +€1,801 | +32.7% |
| Gross operating margin | 9900 | €79,717 | €63,221 | -€16,496 | -20.7% |
| Operating profit (loss) | 9901 | €9,480 | €6,410 | -€3,071 | -32.4% |
| Financial income | 75/76B | €386 | €773 | +€387 | +100% |
| Recurring financial income | 75 | €386 | €773 | +€387 | +100% |
| Financial charges | 65/66B | €2,329 | €2,150 | -€178 | -7.6% |
| Recurring financial charges | 65 | €2,329 | €2,150 | -€178 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €7,538 | €5,033 | -€2,505 | -33.2% |
| Income taxes | 67/77 | €3,458 | €1,740 | -€1,717 | -49.7% |
| Profit (loss) for the period | 9904 | €4,080 | €3,292 | -€788 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,080 | €3,292 | -€788 | -19.3% |
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 15 October 2026 via checked.be.