DENO: 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.
DENO
Largest movements
- Cash -€30,136
down €30,136 (-14.6%), from €206,962 to €176,827
mainly Net result for the year (-€60,959) and Investment in fixed assets (net) (-€56,271)
- Tangible fixed assets +€17,233
up €17,233 (+4.7%), from €362,936 to €380,169
of which Land and buildings: +€35,599
- Receivables within one year +€13,788
up €13,788 (+57.8%), from €23,850 to €37,638
of which Other amounts receivable: +€25,034
- Trade debts +€99,034
up €99,034 (+11198.5%), from €884 to €99,918
- Reserves -€60,959
down €60,959 (-38.2%), from €159,391 to €98,432
- Debts after one year -€20,209
down €20,209 (-66.5%), from €30,382 to €10,173
- Accrued charges and deferred income -€13,333
down €13,333 (-91.2%), from €14,613 to €1,279
- Gross operating margin -€91,368
down €91,368, from €74,522 to -€16,846
- Taxes -€6,455
down €6,455 (-96.0%), from €6,721 to €266
- Depreciation +€1,229
up €1,229 (+3.3%), from €37,808 to €39,037
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 | €596,845 | €598,161 | +€1,316 | +0.2% |
| Fixed assets | 21/28 | €362,936 | €380,169 | +€17,233 | +4.7% |
| Tangible fixed assets | 22/27 | €362,936 | €380,169 | +€17,233 | +4.7% |
| Land and buildings | 22 | €317,465 | €353,064 | +€35,599 | +11.2% |
| Plant, machinery and equipment | 23 | €486 | €364 | -€122 | -25.1% |
| Furniture and vehicles | 24 | €44,985 | €26,742 | -€18,244 | -40.6% |
| Current assets | 29/58 | €233,909 | €217,992 | -€15,917 | -6.8% |
| Amounts receivable within one year | 40/41 | €23,850 | €37,638 | +€13,788 | +57.8% |
| Trade receivables | 40 | €17,545 | €6,299 | -€11,246 | -64.1% |
| Other amounts receivable | 41 | €6,305 | €31,339 | +€25,034 | +397.1% |
| Cash at bank and in hand | 54/58 | €206,962 | €176,827 | -€30,136 | -14.6% |
| Deferred charges and accrued income | 490/1 | €3,097 | €3,528 | +€431 | +13.9% |
| Total equity and liabilities | 10/49 | €596,845 | €598,161 | +€1,316 | +0.2% |
| Equity | 10/15 | €164,391 | €103,432 | -€60,959 | -37.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €159,391 | €98,432 | -€60,959 | -38.2% |
| Distributable reserves | 133 | €159,391 | €98,432 | -€60,959 | -38.2% |
| Amounts payable | 17/49 | €432,454 | €494,730 | +€62,275 | +14.4% |
| Amounts payable after more than one year | 17 | €30,382 | €10,173 | -€20,209 | -66.5% |
| Financial debts | 170/4 | €30,382 | €10,173 | -€20,209 | -66.5% |
| Amounts payable within one year | 42/48 | €387,460 | €483,277 | +€95,818 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €20,028 | €20,209 | +€181 | +0.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €884 | €99,918 | +€99,034 | +11198.5% |
| Suppliers | 440/4 | €884 | €99,918 | +€99,034 | +11198.5% |
| Taxes, remuneration and social security | 45 | €917 | €103 | -€814 | -88.8% |
| Taxes | 450/3 | €917 | €103 | -€814 | -88.8% |
| Other amounts payable | 47/48 | €365,630 | €363,047 | -€2,583 | -0.7% |
| Accrued charges and deferred income | 492/3 | €14,613 | €1,279 | -€13,333 | -91.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,808 | €39,037 | +€1,229 | +3.3% |
| Other operating charges | 640/8 | €4,270 | €4,412 | +€142 | +3.3% |
| Gross operating margin | 9900 | €74,522 | -€16,846 | -€91,368 | |
| Operating profit (loss) | 9901 | €32,444 | -€60,296 | -€92,740 | |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €616 | €430 | -€186 | -30.2% |
| Recurring financial charges | 65 | €616 | €430 | -€186 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €31,828 | -€60,693 | -€92,521 | |
| Income taxes | 67/77 | €6,721 | €266 | -€6,455 | -96.0% |
| Profit (loss) for the period | 9904 | €25,107 | -€60,959 | -€86,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,107 | -€60,959 | -€86,066 |
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 1 October 2026 via checked.be.