Denoo: 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
Denoo
NACE 01.130, Growing of vegetables, melons, roots and tubers
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€424,413
2023 · -€357,925-€66,488
Equity
€1.2m
2023 · €1.6m-€424,413
Cash
€322,795
2023 · €359,631-€36,836
Balance sheet total
€35.5m
2023 · €34.6m+€835,639
Largest movements
Assets
- Receivables within one year +€1.0m
up €1.0m (+10.0%), from €10.2m to €11.3m
of which Other amounts receivable: +€1.4m
Equity and liabilities
- Other debts +€1.3m
up €1.3m (+4.1%), from €32.8m to €34.2m
- Profit (loss) carried forward -€424,413
down €424,413 (-5.0%), from -€8.5m to -€9.0m
Income statement
- Gross operating margin -€646,206
down €646,206 (-87.6%), from €737,782 to €91,576
- Financial charges -€547,506
down €547,506 (-98.8%), from €553,964 to €6,457
- Staff costs -€28,412
down €28,412 (-5.7%), from €501,479 to €473,067
- Other operating charges +€19,551
up €19,551 (+38.4%), from €50,966 to €70,517
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.
Result 2023
-€357,925
Gross operating margin
-€646,206
Staff costs
+€28,412
Depreciation
-€2,089
Other operating charges
-€19,551
Other operating items
+€26,114
Financial income
-€675
Financial charges
+€547,506
Result 2024
-€424,413
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.
From operations
+€153,569
Investment
-€190,405
Financing
€0
Cash 2023
€359,631
From operations (derived)
+€153,569
Net result for the year
-€424,413
Depreciation
+€311,628
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€28,582
Trade debts
-€82,112
Tax, wage and social debts
-€3,632
Advances received
-€391
Other debts
+€1.3m
Accrued charges and deferred income
+€3,777
Investment (derived)
-€190,405
Investment in fixed assets (net)
-€190,405
Cash 2024
€322,795
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,626,810 | €35,462,449 | +€835,639 | +2.4% |
| Fixed assets | 21/28 | €23,583,170 | €23,461,947 | -€121,223 | -0.5% |
| Tangible fixed assets | 22/27 | €18,260,727 | €18,119,503 | -€141,223 | -0.8% |
| Land and buildings | 22 | €18,202,844 | €18,085,054 | -€117,790 | -0.6% |
| Plant, machinery and equipment | 23 | €11,832 | €5,273 | -€6,560 | -55.4% |
| Furniture and vehicles | 24 | €46,051 | €29,177 | -€16,874 | -36.6% |
| Financial fixed assets | 28 | €5,322,443 | €5,342,444 | +€20,000 | +0.4% |
| Current assets | 29/58 | €11,043,640 | €12,000,502 | +€956,862 | +8.7% |
| Amounts receivable within one year | 40/41 | €10,239,125 | €11,261,406 | +€1.0m | +10.0% |
| Trade receivables | 40 | €508,556 | €83,212 | -€425,344 | -83.6% |
| Other amounts receivable | 41 | €9,730,570 | €11,178,194 | +€1.4m | +14.9% |
| Cash at bank and in hand | 54/58 | €359,631 | €322,795 | -€36,836 | -10.2% |
| Deferred charges and accrued income | 490/1 | €444,884 | €416,302 | -€28,582 | -6.4% |
| Total equity and liabilities | 10/49 | €34,626,810 | €35,462,449 | +€835,639 | +2.4% |
| Equity | 10/15 | €1,593,056 | €1,168,643 | -€424,413 | -26.6% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Reserves | 13 | €121,155 | €121,155 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €96,366 | €96,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,528,099 | -€8,952,512 | -€424,413 | -5.0% |
| Amounts payable | 17/49 | €33,033,754 | €34,293,806 | +€1.3m | +3.8% |
| Amounts payable within one year | 42/48 | €33,033,754 | €34,290,030 | +€1.3m | +3.8% |
| Trade debts | 44 | €188,668 | €106,555 | -€82,112 | -43.5% |
| Suppliers | 440/4 | €188,668 | €106,555 | -€82,112 | -43.5% |
| Advances received on contracts in progress | 46 | €391 | - | -€391 | |
| Taxes, remuneration and social security | 45 | €6,532 | €2,900 | -€3,632 | -55.6% |
| Taxes | 450/3 | €6,532 | €2,900 | -€3,632 | -55.6% |
| Other amounts payable | 47/48 | €32,838,163 | €34,180,574 | +€1.3m | +4.1% |
| Accrued charges and deferred income | 492/3 | - | €3,777 | +€3,777 | |
| Non-recurring operating income | 76A | €603,712 | €5,455 | -€598,258 | -99.1% |
| Remuneration, social security and pensions | 62 | €501,479 | €473,067 | -€28,412 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,539 | €311,628 | +€2,089 | +0.7% |
| Other operating charges | 640/8 | €50,966 | €70,517 | +€19,551 | +38.4% |
| Non-recurring operating charges | 66A | €75,000 | €48,886 | -€26,114 | -34.8% |
| Gross operating margin | 9900 | €737,782 | €91,576 | -€646,206 | -87.6% |
| Operating profit (loss) | 9901 | -€199,202 | -€812,521 | -€613,319 | -307.9% |
| Financial income | 75/76B | €395,241 | €394,566 | -€675 | -0.2% |
| Recurring financial income | 75 | €395,241 | €394,566 | -€675 | -0.2% |
| Financial charges | 65/66B | €553,964 | €6,457 | -€547,506 | -98.8% |
| Recurring financial charges | 65 | €553,964 | €6,457 | -€547,506 | -98.8% |
| Profit (loss) for the period before taxes | 9903 | -€357,925 | -€424,413 | -€66,488 | -18.6% |
| Profit (loss) for the period | 9904 | -€357,925 | -€424,413 | -€66,488 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€357,925 | -€424,413 | -€66,488 | -18.6% |
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 8 October 2026 via checked.be.