DENOO CONSULTANCY: 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.
DENOO CONSULTANCY
Largest movements
- Tangible fixed assets +€50,315
up €50,315 (+13.2%), from €381,365 to €431,680
of which Furniture and vehicles: +€70,006
- Cash -€18,324
down €18,324 (-76.4%), from €23,986 to €5,662
mainly Investment in fixed assets (net) (-€73,177) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€16,930
up €16,930 (+177,097%), from €10 to €16,940
of which Trade receivables: +€16,940
- Other debts +€50,724
new in 2025: €50,724
- Reserves +€19,250
up €19,250 (+5.4%), from €355,214 to €374,464
of which Distributable reserves: +€19,250
- Tax, wage and social debts -€14,761
down €14,761 (-76.5%), from €19,300 to €4,539
of which Taxes: -€11,683
- Accrued charges and deferred income -€5,917
down €5,917 (-72.3%), from €8,187 to €2,269
- Gross operating margin -€41,898
down €41,898 (-24.8%), from €168,687 to €126,789
- Financial charges -€8,596
down €8,596 (-72.5%), from €11,859 to €3,263
- Other operating charges +€3,051
up €3,051 (+90.7%), from €3,364 to €6,414
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 | €406,479 | €457,070 | +€50,591 | +12.4% |
| Fixed assets | 21/28 | €381,365 | €431,680 | +€50,315 | +13.2% |
| Tangible fixed assets | 22/27 | €381,365 | €431,680 | +€50,315 | +13.2% |
| Land and buildings | 22 | €378,455 | €358,976 | -€19,479 | -5.1% |
| Plant, machinery and equipment | 23 | €402 | €191 | -€212 | -52.6% |
| Furniture and vehicles | 24 | €2,507 | €72,513 | +€70,006 | +2,792% |
| Current assets | 29/58 | €25,115 | €25,390 | +€275 | +1.1% |
| Amounts receivable within one year | 40/41 | €10 | €16,940 | +€16,930 | +177,097% |
| Trade receivables | 40 | - | €16,940 | +€16,940 | |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €23,986 | €5,662 | -€18,324 | -76.4% |
| Deferred charges and accrued income | 490/1 | €1,119 | €2,788 | +€1,669 | +149% |
| Total equity and liabilities | 10/49 | €406,479 | €457,070 | +€50,591 | +12.4% |
| Equity | 10/15 | €356,214 | €375,464 | +€19,250 | +5.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €355,214 | €374,464 | +€19,250 | +5.4% |
| Tax-exempt reserves | 132 | €175 | €175 | = | 0.0% |
| Distributable reserves | 133 | €355,039 | €374,289 | +€19,250 | +5.4% |
| Amounts payable | 17/49 | €50,266 | €81,606 | +€31,340 | +62.3% |
| Amounts payable after more than one year | 17 | €20,097 | €20,097 | = | 0.0% |
| Financial debts | 170/4 | €20,097 | €20,097 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,982 | €59,240 | +€37,258 | +169% |
| Trade debts | 44 | €2,682 | €3,977 | +€1,295 | +48.3% |
| Suppliers | 440/4 | €2,682 | €3,977 | +€1,295 | +48.3% |
| Taxes, remuneration and social security | 45 | €19,300 | €4,539 | -€14,761 | -76.5% |
| Taxes | 450/3 | €16,221 | €4,539 | -€11,683 | -72.0% |
| Remuneration and social security | 454/9 | €3,079 | - | -€3,079 | |
| Other amounts payable | 47/48 | - | €50,724 | +€50,724 | |
| Accrued charges and deferred income | 492/3 | €8,187 | €2,269 | -€5,917 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,345 | €22,862 | +€1,517 | +7.1% |
| Other operating charges | 640/8 | €3,364 | €6,414 | +€3,051 | +90.7% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €168,687 | €126,789 | -€41,898 | -24.8% |
| Operating profit (loss) | 9901 | €143,979 | €97,512 | -€46,466 | -32.3% |
| Financial income | 75/76B | €2 | €0 | -€2 | -82.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -82.8% |
| Financial charges | 65/66B | €11,859 | €3,263 | -€8,596 | -72.5% |
| Recurring financial charges | 65 | €11,859 | €3,263 | -€8,596 | -72.5% |
| Profit (loss) for the period before taxes | 9903 | €132,122 | €94,250 | -€37,872 | -28.7% |
| Income taxes | 67/77 | €25,674 | €25,000 | -€674 | -2.6% |
| Profit (loss) for the period | 9904 | €106,448 | €69,250 | -€37,198 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,448 | €69,250 | -€37,198 | -34.9% |
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 23 October 2026 via checked.be.