DENO-TOOLS: 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.
DENO-TOOLS
Largest movements
- Stocks and contracts -€550,761
down €550,761 (-80.1%), from €687,899 to €137,138
- Intangible fixed assets +€79,759
up €79,759, from €0 to €79,759
- Tangible fixed assets -€20,776
down €20,776 (-14.5%), from €142,997 to €122,220
of which Furniture and vehicles: -€11,302
- Cash -€18,595
down €18,595 (-57.9%), from €32,094 to €13,499
mainly Other debts (-€6.1m) and Trade debts (-€595,993)
- Deferred charges and accrued income -€16,990
down €16,990 (-60.7%), from €27,969 to €10,979
- Contributions +€6.7m
up €6.7m (+4,467%), from €150,000 to €6.9m
- Other debts -€6.1m
down €6.1m (-98.5%), from €6.2m to €94,153
- Trade debts -€595,993
down €595,993 (-63.1%), from €945,253 to €349,259
- Profit (loss) carried forward -€430,154
down €430,154 (-6.7%), from -€6.4m to -€6.9m
- Tax, wage and social debts -€61,486
down €61,486 (-58.1%), from €105,823 to €44,338
of which Remuneration and social security: -€62,420
- Financial charges -€401,058
down €401,058 (-71.5%), from €561,168 to €160,110
- Gross operating margin -€121,506
down €121,506 (-29.2%), from €416,252 to €294,745
- Depreciation -€105,522
down €105,522 (-48.0%), from €219,829 to €114,307
- Staff costs -€94,309
down €94,309 (-17.2%), from €549,865 to €455,556
- Write-downs -€50,439
down €50,439, from €9,184 to -€41,255
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €993,042 | €468,428 | -€524,614 | -52.8% |
| Fixed assets | 21/28 | €142,997 | €201,980 | +€58,983 | +41.2% |
| Intangible fixed assets | 21 | €0 | €79,759 | +€79,759 | |
| Tangible fixed assets | 22/27 | €142,997 | €122,220 | -€20,776 | -14.5% |
| Land and buildings | 22 | €5,211 | €4,359 | -€852 | -16.3% |
| Plant, machinery and equipment | 23 | €70,752 | €62,129 | -€8,622 | -12.2% |
| Furniture and vehicles | 24 | €67,034 | €55,732 | -€11,302 | -16.9% |
| Current assets | 29/58 | €850,046 | €266,448 | -€583,597 | -68.7% |
| Stocks and contracts in progress | 3 | €687,899 | €137,138 | -€550,761 | -80.1% |
| Stocks | 30/36 | €687,899 | €137,138 | -€550,761 | -80.1% |
| Amounts receivable within one year | 40/41 | €102,084 | €104,833 | +€2,749 | +2.7% |
| Trade receivables | 40 | €86,016 | €98,543 | +€12,527 | +14.6% |
| Other amounts receivable | 41 | €16,068 | €6,290 | -€9,778 | -60.9% |
| Cash at bank and in hand | 54/58 | €32,094 | €13,499 | -€18,595 | -57.9% |
| Deferred charges and accrued income | 490/1 | €27,969 | €10,979 | -€16,990 | -60.7% |
| Total equity and liabilities | 10/49 | €993,042 | €468,428 | -€524,614 | -52.8% |
| Equity | 10/15 | -€6,293,630 | -€23,785 | +€6.3m | +99.6% |
| Contributions | 10/11 | €150,000 | €6,850,000 | +€6.7m | +4,467% |
| Profit (loss) carried forward | 14 | -€6,443,630 | -€6,873,785 | -€430,154 | -6.7% |
| Provisions and deferred taxes | 16 | €807 | €0 | -€807 | -100% |
| Provisions for liabilities and charges | 160/5 | €807 | €0 | -€807 | -100% |
| Other liabilities and charges | 164/5 | €807 | €0 | -€807 | -100% |
| Amounts payable | 17/49 | €7,285,866 | €492,213 | -€6.8m | -93.2% |
| Amounts payable within one year | 42/48 | €7,254,640 | €489,365 | -€6.8m | -93.3% |
| Trade debts | 44 | €945,253 | €349,259 | -€595,993 | -63.1% |
| Suppliers | 440/4 | €945,253 | €349,259 | -€595,993 | -63.1% |
| Advances received on contracts in progress | 46 | €2,359 | €1,616 | -€743 | -31.5% |
| Taxes, remuneration and social security | 45 | €105,823 | €44,338 | -€61,486 | -58.1% |
| Taxes | 450/3 | €1,021 | €1,955 | +€934 | +91.5% |
| Remuneration and social security | 454/9 | €104,802 | €42,382 | -€62,420 | -59.6% |
| Other amounts payable | 47/48 | €6,201,205 | €94,153 | -€6.1m | -98.5% |
| Accrued charges and deferred income | 492/3 | €31,226 | €2,847 | -€28,379 | -90.9% |
| Non-recurring operating income | 76A | €30,564 | €242,794 | +€212,229 | +694% |
| Remuneration, social security and pensions | 62 | €549,865 | €455,556 | -€94,309 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219,829 | €114,307 | -€105,522 | -48.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,184 | -€41,255 | -€50,439 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€94 | -€807 | -€713 | -759% |
| Other operating charges | 640/8 | €48,539 | €39,059 | -€9,480 | -19.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €416,252 | €294,745 | -€121,506 | -29.2% |
| Operating profit (loss) | 9901 | -€411,071 | -€272,115 | +€138,957 | +33.8% |
| Financial income | 75/76B | €60 | €2,071 | +€2,011 | +3,354% |
| Recurring financial income | 75 | €60 | €2,071 | +€2,011 | +3,354% |
| Financial charges | 65/66B | €561,168 | €160,110 | -€401,058 | -71.5% |
| Recurring financial charges | 65 | €561,168 | €160,110 | -€401,058 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | -€972,180 | -€430,154 | +€542,026 | +55.8% |
| Profit (loss) for the period | 9904 | -€972,180 | -€430,154 | +€542,026 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€972,180 | -€430,154 | +€542,026 | +55.8% |
Source: filed annual accounts (NBB), financial years ended 2 February 2025 and 1 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.