DENORME ENERGY SYSTEM: 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.
DENORME ENERGY SYSTEM
Largest movements
- Cash -€30,747
down €30,747 (-43.2%), from €71,171 to €40,424
mainly Tax, wage and social debts (-€78,859) and Receivables within one year (-€9,462)
- Tangible fixed assets -€29,554
down €29,554 (-23.6%), from €125,464 to €95,910
of which Land and buildings: -€29,162
- Receivables within one year +€9,462
up €9,462 (+13.5%), from €70,146 to €79,608
of which Trade receivables: +€19,887
- Tax, wage and social debts -€78,859
down €78,859 (-86.5%), from €91,211 to €12,352
- Profit (loss) carried forward +€25,158
new in 2025: €25,158
- Turnover +€62,200
new in 2025: €62,200
- Purchases and services +€21,464
new in 2025: €21,464
- Gross operating margin +€20,461
up €20,461 (+54.7%), from €37,420 to €57,881
- Depreciation +€4,706
up €4,706 (+18.9%), from €24,849 to €29,555
- Financial income -€3,204
down €3,204 (-85.4%), from €3,750 to €546
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 | €268,457 | €216,672 | -€51,785 | -19.3% |
| Fixed assets | 21/28 | €126,194 | €96,640 | -€29,554 | -23.4% |
| Tangible fixed assets | 22/27 | €125,464 | €95,910 | -€29,554 | -23.6% |
| Land and buildings | 22 | €122,318 | €93,156 | -€29,162 | -23.8% |
| Plant, machinery and equipment | 23 | €3,146 | €2,753 | -€393 | -12.5% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €142,263 | €120,032 | -€22,231 | -15.6% |
| Amounts receivable within one year | 40/41 | €70,146 | €79,608 | +€9,462 | +13.5% |
| Trade receivables | 40 | €51,727 | €71,614 | +€19,887 | +38.4% |
| Other amounts receivable | 41 | €18,419 | €7,994 | -€10,425 | -56.6% |
| Cash at bank and in hand | 54/58 | €71,171 | €40,424 | -€30,747 | -43.2% |
| Deferred charges and accrued income | 490/1 | €946 | - | -€946 | |
| Total equity and liabilities | 10/49 | €268,457 | €216,672 | -€51,785 | -19.3% |
| Equity | 10/15 | €176,462 | €201,620 | +€25,158 | +14.3% |
| Contributions | 10/11 | €59,300 | €59,300 | = | 0.0% |
| Contributions outside capital | 11 | - | €59,300 | +€59,300 | |
| Other | 1109/19 | - | €59,300 | +€59,300 | |
| Reserves | 13 | €117,162 | €117,162 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €88,302 | €88,302 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,158 | +€25,158 | |
| Amounts payable | 17/49 | €91,995 | €15,052 | -€76,943 | -83.6% |
| Amounts payable within one year | 42/48 | €91,995 | €14,993 | -€77,002 | -83.7% |
| Trade debts | 44 | €784 | €2,140 | +€1,356 | +173% |
| Suppliers | 440/4 | €784 | €2,140 | +€1,356 | +173% |
| Taxes, remuneration and social security | 45 | €91,211 | €12,352 | -€78,859 | -86.5% |
| Taxes | 450/3 | €91,211 | €12,352 | -€78,859 | -86.5% |
| Other amounts payable | 47/48 | - | €501 | +€501 | |
| Accrued charges and deferred income | 492/3 | - | €59 | +€59 | |
| Turnover | 70 | - | €62,200 | +€62,200 | |
| Non-recurring operating income | 76A | - | €1,998 | +€1,998 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €21,464 | +€21,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,849 | €29,555 | +€4,706 | +18.9% |
| Other operating charges | 640/8 | €2,579 | - | -€2,579 | |
| Non-recurring operating charges | 66A | - | €2,601 | +€2,601 | |
| Gross operating margin | 9900 | €37,420 | €57,881 | +€20,461 | +54.7% |
| Operating profit (loss) | 9901 | €9,992 | €25,725 | +€15,733 | +157% |
| Financial income | 75/76B | €3,750 | €546 | -€3,204 | -85.4% |
| Recurring financial income | 75 | €3,750 | €546 | -€3,204 | -85.4% |
| Financial charges | 65/66B | €299 | €626 | +€327 | +109% |
| Recurring financial charges | 65 | €299 | €626 | +€327 | +109% |
| Profit (loss) for the period before taxes | 9903 | €13,443 | €25,645 | +€12,202 | +90.8% |
| Income taxes | 67/77 | - | €488 | +€488 | |
| Profit (loss) for the period | 9904 | €13,443 | €25,158 | +€11,715 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,443 | €25,158 | +€11,715 | +87.1% |
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 24 October 2026 via checked.be.