DENOYELLE: 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.
DENOYELLE
Largest movements
- Tangible fixed assets -€30,643
down €30,643 (-4.3%), from €716,553 to €685,910
- Cash -€12,714
down €12,714 (-56.6%), from €22,473 to €9,759
mainly Debts after one year (-€29,609) and Net result for the year (-€14,665)
- Debts after one year -€29,609
down €29,609 (-9.8%), from €300,836 to €271,227
of which Financial debts: -€29,609
- Profit (loss) carried forward -€14,665
down €14,665 (-6.5%), from -€225,199 to -€239,864
- Gross operating margin -€24,576
down €24,576 (-53.7%), from €45,774 to €21,198
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 | €742,190 | €698,028 | -€44,163 | -6.0% |
| Fixed assets | 21/28 | €716,553 | €685,910 | -€30,643 | -4.3% |
| Tangible fixed assets | 22/27 | €716,553 | €685,910 | -€30,643 | -4.3% |
| Land and buildings | 22 | €716,553 | €685,910 | -€30,643 | -4.3% |
| Current assets | 29/58 | €25,638 | €12,118 | -€13,520 | -52.7% |
| Amounts receivable within one year | 40/41 | €3,017 | €262 | -€2,755 | -91.3% |
| Other amounts receivable | 41 | €3,017 | €262 | -€2,755 | -91.3% |
| Cash at bank and in hand | 54/58 | €22,473 | €9,759 | -€12,714 | -56.6% |
| Deferred charges and accrued income | 490/1 | €148 | €2,097 | +€1,949 | +1,320% |
| Total equity and liabilities | 10/49 | €742,190 | €698,028 | -€44,163 | -6.0% |
| Equity | 10/15 | -€204,748 | -€219,413 | -€14,665 | -7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€225,199 | -€239,864 | -€14,665 | -6.5% |
| Amounts payable | 17/49 | €946,938 | €917,441 | -€29,497 | -3.1% |
| Amounts payable after more than one year | 17 | €300,836 | €271,227 | -€29,609 | -9.8% |
| Financial debts | 170/4 | €294,236 | €264,627 | -€29,609 | -10.1% |
| Other amounts payable | 178/9 | €6,600 | €6,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €646,029 | €646,151 | +€122 | 0.0% |
| Trade debts | 44 | €79,120 | €79,746 | +€626 | +0.8% |
| Suppliers | 440/4 | €79,120 | €79,746 | +€626 | +0.8% |
| Taxes, remuneration and social security | 45 | €2,053 | €985 | -€1,068 | -52.0% |
| Taxes | 450/3 | €2,053 | €985 | -€1,068 | -52.0% |
| Other amounts payable | 47/48 | €564,855 | €565,419 | +€564 | +0.1% |
| Accrued charges and deferred income | 492/3 | €74 | €63 | -€11 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,731 | €30,643 | -€88 | -0.3% |
| Other operating charges | 640/8 | €621 | €329 | -€292 | -47.0% |
| Gross operating margin | 9900 | €45,774 | €21,198 | -€24,576 | -53.7% |
| Operating profit (loss) | 9901 | €14,422 | -€9,774 | -€24,196 | |
| Financial charges | 65/66B | €5,318 | €4,891 | -€427 | -8.0% |
| Recurring financial charges | 65 | €5,318 | €4,891 | -€427 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €9,104 | -€14,665 | -€23,769 | |
| Profit (loss) for the period | 9904 | €9,104 | -€14,665 | -€23,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,104 | -€14,665 | -€23,769 |
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 17 October 2026 via checked.be.