DENOLF PLANTES: 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.
DENOLF PLANTES
Largest movements
- Receivables within one year +€59,335
up €59,335 (+577%), from €10,284 to €69,620
of which Trade receivables: +€58,891
- Cash -€11,730
down €11,730 (-7.5%), from €156,976 to €145,245
mainly Receivables within one year (-€59,335) and Stocks and contracts (-€2,832)
- Trade debts +€23,018
up €23,018 (+195%), from €11,796 to €34,813
- Tax, wage and social debts +€21,160
up €21,160 (+199%), from €10,651 to €31,810
of which Taxes: +€12,098
- Gross operating margin -€13,184
down €13,184 (-17.3%), from €76,047 to €62,863
- Other operating charges -€2,591
down €2,591 (-68.6%), from €3,775 to €1,184
- Taxes +€1,514
up €1,514 (+1,129%), from €134 to €1,648
- Financial charges +€1,195
up €1,195 (+47.4%), from €2,519 to €3,714
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 | €249,673 | €296,674 | +€47,001 | +18.8% |
| Fixed assets | 21/28 | €12,219 | €10,308 | -€1,911 | -15.6% |
| Tangible fixed assets | 22/27 | €12,069 | €10,158 | -€1,911 | -15.8% |
| Plant, machinery and equipment | 23 | €4,901 | €3,901 | -€1,001 | -20.4% |
| Furniture and vehicles | 24 | €7,167 | €6,257 | -€911 | -12.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €237,454 | €286,366 | +€48,912 | +20.6% |
| Stocks and contracts in progress | 3 | €68,306 | €71,139 | +€2,832 | +4.1% |
| Stocks | 30/36 | €68,306 | €71,139 | +€2,832 | +4.1% |
| Amounts receivable within one year | 40/41 | €10,284 | €69,620 | +€59,335 | +577% |
| Trade receivables | 40 | €7,390 | €66,281 | +€58,891 | +797% |
| Other amounts receivable | 41 | €2,895 | €3,339 | +€444 | +15.4% |
| Cash at bank and in hand | 54/58 | €156,976 | €145,245 | -€11,730 | -7.5% |
| Deferred charges and accrued income | 490/1 | €1,888 | €363 | -€1,525 | -80.8% |
| Total equity and liabilities | 10/49 | €249,673 | €296,674 | +€47,001 | +18.8% |
| Equity | 10/15 | €227,227 | €230,050 | +€2,823 | +1.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,727 | €147,550 | +€2,823 | +2.0% |
| Amounts payable | 17/49 | €22,446 | €66,624 | +€44,178 | +197% |
| Amounts payable within one year | 42/48 | €22,446 | €66,624 | +€44,178 | +197% |
| Trade debts | 44 | €11,796 | €34,813 | +€23,018 | +195% |
| Suppliers | 440/4 | €11,796 | €34,813 | +€23,018 | +195% |
| Taxes, remuneration and social security | 45 | €10,651 | €31,810 | +€21,160 | +199% |
| Taxes | 450/3 | €6,279 | €18,377 | +€12,098 | +193% |
| Remuneration and social security | 454/9 | €4,372 | €13,434 | +€9,061 | +207% |
| Remuneration, social security and pensions | 62 | €50,102 | €50,302 | +€199 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,657 | €4,194 | +€537 | +14.7% |
| Other operating charges | 640/8 | €3,775 | €1,184 | -€2,591 | -68.6% |
| Gross operating margin | 9900 | €76,047 | €62,863 | -€13,184 | -17.3% |
| Operating profit (loss) | 9901 | €18,512 | €7,183 | -€11,329 | -61.2% |
| Financial income | 75/76B | €1,169 | €1,003 | -€166 | -14.2% |
| Recurring financial income | 75 | €1,169 | €1,003 | -€166 | -14.2% |
| Financial charges | 65/66B | €2,519 | €3,714 | +€1,195 | +47.4% |
| Recurring financial charges | 65 | €2,519 | €3,714 | +€1,195 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €17,162 | €4,472 | -€12,690 | -73.9% |
| Income taxes | 67/77 | €134 | €1,648 | +€1,514 | +1,129% |
| Profit (loss) for the period | 9904 | €17,028 | €2,823 | -€14,204 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,028 | €2,823 | -€14,204 | -83.4% |
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 26 October 2026 via checked.be.