DENO - TECH: 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.
What changed
DENO - TECH
NACE 46.180, Agents specialised in the wholesale of other particular products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,120
2024 · €8,071+€4,049
Equity
€989,058
2024 · €976,938+€12,120
Cash
€4,756
2024 · €1,590+€3,166
Balance sheet total
€1.5m
2024 · €1.5m-€38,248
Largest movements
Assets
- Tangible fixed assets -€35,368
down €35,368 (-3.1%), from €1.1m to €1.1m
of which Land and buildings: -€22,415
Equity and liabilities
- Debts after one year -€35,057
down €35,057 (-7.3%), from €481,331 to €446,274
Income statement
- Financial charges -€4,122
down €4,122 (-16.7%), from €24,730 to €20,608
- Gross operating margin +€3,895
up €3,895 (+5.2%), from €74,429 to €78,324
- Taxes +€3,328
up €3,328 (+1724.4%), from €193 to €3,521
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.
Result 2024
€8,071
Gross operating margin
+€3,895
Depreciation
+€1
Other operating charges
-€141
Financial income
-€500
Financial charges
+€4,122
Taxes
-€3,328
Result 2025
€12,120
Cash bridge derived
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.
From operations
+€40,707
Investment
€0
Financing
-€37,541
Cash 2024
€1,590
From operations (derived)
+€40,707
Net result for the year
+€12,120
Depreciation
+€35,368
Receivables within one year
+€5,929
Deferred charges and accrued income
+€117
Trade debts
-€1,652
Tax, wage and social debts
+€145
Other debts
-€10,511
Accrued charges and deferred income
-€809
Financing
-€37,541
Debts after one year
-€35,057
Current portion of long-term debt
-€2,484
Cash 2025
€4,756
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,526,704 | €1,488,456 | -€38,248 | -2.5% |
| Fixed assets | 21/28 | €1,494,176 | €1,458,808 | -€35,368 | -2.4% |
| Tangible fixed assets | 22/27 | €1,125,176 | €1,089,808 | -€35,368 | -3.1% |
| Land and buildings | 22 | €1,084,125 | €1,061,710 | -€22,415 | -2.1% |
| Plant, machinery and equipment | 23 | €1,256 | €1,109 | -€147 | -11.7% |
| Furniture and vehicles | 24 | €4,521 | €2,959 | -€1,562 | -34.5% |
| Leasing and similar rights | 25 | €35,274 | €24,030 | -€11,244 | -31.9% |
| Financial fixed assets | 28 | €369,000 | €369,000 | = | 0.0% |
| Current assets | 29/58 | €32,528 | €29,648 | -€2,880 | -8.9% |
| Amounts receivable within one year | 40/41 | €29,192 | €23,263 | -€5,929 | -20.3% |
| Trade receivables | 40 | €23,560 | €14,382 | -€9,178 | -39.0% |
| Other amounts receivable | 41 | €5,632 | €8,881 | +€3,249 | +57.7% |
| Cash at bank and in hand | 54/58 | €1,590 | €4,756 | +€3,166 | +199.1% |
| Deferred charges and accrued income | 490/1 | €1,746 | €1,629 | -€117 | -6.7% |
| Total equity and liabilities | 10/49 | €1,526,704 | €1,488,456 | -€38,248 | -2.5% |
| Equity | 10/15 | €976,938 | €989,058 | +€12,120 | +1.2% |
| Contributions | 10/11 | €318,600 | €318,600 | = | 0.0% |
| Revaluation surpluses | 12 | €35,858 | €35,858 | = | 0.0% |
| Reserves | 13 | €463,612 | €463,612 | = | 0.0% |
| Distributable reserves | 133 | €463,612 | €463,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,868 | €170,988 | +€12,120 | +7.6% |
| Amounts payable | 17/49 | €549,766 | €499,398 | -€50,368 | -9.2% |
| Amounts payable after more than one year | 17 | €481,331 | €446,274 | -€35,057 | -7.3% |
| Financial debts | 170/4 | €481,331 | €446,274 | -€35,057 | -7.3% |
| Amounts payable within one year | 42/48 | €62,320 | €47,818 | -€14,502 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €37,541 | €35,057 | -€2,484 | -6.6% |
| Trade debts | 44 | €5,310 | €3,658 | -€1,652 | -31.1% |
| Suppliers | 440/4 | €5,310 | €3,658 | -€1,652 | -31.1% |
| Taxes, remuneration and social security | 45 | €8,958 | €9,103 | +€145 | +1.6% |
| Taxes | 450/3 | €8,958 | €9,103 | +€145 | +1.6% |
| Other amounts payable | 47/48 | €10,511 | - | -€10,511 | |
| Accrued charges and deferred income | 492/3 | €6,115 | €5,306 | -€809 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,369 | €35,368 | -€1 | 0.0% |
| Other operating charges | 640/8 | €6,566 | €6,707 | +€141 | +2.1% |
| Gross operating margin | 9900 | €74,429 | €78,324 | +€3,895 | +5.2% |
| Operating profit (loss) | 9901 | €32,494 | €36,249 | +€3,755 | +11.6% |
| Financial income | 75/76B | €500 | - | -€500 | |
| Recurring financial income | 75 | €500 | - | -€500 | |
| Financial charges | 65/66B | €24,730 | €20,608 | -€4,122 | -16.7% |
| Recurring financial charges | 65 | €24,730 | €20,608 | -€4,122 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €8,264 | €15,641 | +€7,377 | +89.3% |
| Income taxes | 67/77 | €193 | €3,521 | +€3,328 | +1724.4% |
| Profit (loss) for the period | 9904 | €8,071 | €12,120 | +€4,049 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,071 | €12,120 | +€4,049 | +50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.