DENP: 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.
What changed
DENP
NACE 77.110, Renting and leasing of cars and light motor vehicles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€992,873
2024 · €880,911+€111,962
Equity
€8.4m
2024 · €7.4m+€992,873
Cash
€70,768
2024 · €185,170-€114,403
Balance sheet total
€16.3m
2024 · €13.5m+€2.8m
Largest movements
Assets
- Financial fixed assets +€2.5m
up €2.5m (+27.4%), from €9.3m to €11.8m
of which Affiliated companies: +€2.5m
- Receivables within one year +€787,881
up €787,881 (+106.2%), from €741,537 to €1.5m
of which Other amounts receivable: +€854,601
- Intangible fixed assets -€448,070
down €448,070 (-30.5%), from €1.5m to €1.0m
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+34.0%), from €3.2m to €4.3m
of which Financial debts: +€895,686
- Reserves +€1.1m
up €1.1m (+21.4%), from €5.1m to €6.1m
of which Distributable reserves: +€1.3m
- Trade debts +€276,507
up €276,507 (+63.8%), from €433,113 to €709,619
- Current portion of long-term debt +€252,634
up €252,634 (+27.8%), from €910,248 to €1.2m
- Short-term financial debts +€235,683
up €235,683 (+39.1%), from €602,435 to €838,118
Income statement
- Turnover +€643,702
up €643,702 (+11.4%), from €5.6m to €6.3m
- Services and other goods +€567,705
up €567,705 (+29.2%), from €1.9m to €2.5m
- Financial income -€121,934
down €121,934 (-12.9%), from €943,785 to €821,851
- Financial charges +€84,848
up €84,848 (+63.9%), from €132,769 to €217,617
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.
Result 2024
€880,911
Turnover
+€643,702
Other operating income
-€15,517
Goods and materials
+€50,454
Services and other goods
-€567,705
Staff costs
-€17,556
Depreciation
+€51,001
Other operating charges
-€495
Other operating items
+€169,764
Financial income
-€121,934
Financial charges
-€84,848
Taxes
-€40
Deferred taxes and other
+€5,136
Result 2025
€992,873
Cash bridge derived
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.
From operations
+€1.1m
Investment
-€2.8m
Financing
+€1.6m
Cash 2024
€185,170
From operations (derived)
+€1.1m
Net result for the year
+€992,873
Depreciation
+€595,389
Receivables within one year
-€787,881
Deferred charges and accrued income
+€63,087
Provisions
-€51,459
Trade debts
+€276,507
Tax, wage and social debts
+€80,391
Other debts
-€105,001
Accrued charges and deferred income
+€9,247
Investment (derived)
-€2.8m
Investment in fixed assets (net)
-€2.8m
Financing
+€1.6m
Debts after one year
+€1.1m
Current portion of long-term debt
+€252,634
Short-term financial debts
+€235,683
Cash 2025
€70,768
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,482,517 | €16,274,439 | +€2.8m | +20.7% |
| Fixed assets | 21/28 | €10,895,757 | €13,077,289 | +€2.2m | +20.0% |
| Intangible fixed assets | 21 | €1,469,891 | €1,021,820 | -€448,070 | -30.5% |
| Tangible fixed assets | 22/27 | €171,473 | €263,325 | +€91,852 | +53.6% |
| Plant, machinery and equipment | 23 | €1,198 | €0 | -€1,198 | -100.0% |
| Furniture and vehicles | 24 | €126,160 | €193,209 | +€67,049 | +53.1% |
| Other tangible fixed assets | 26 | €44,115 | €70,116 | +€26,000 | +58.9% |
| Financial fixed assets | 28 | €9,254,394 | €11,792,144 | +€2.5m | +27.4% |
| Affiliated companies | 280/1 | €9,246,039 | €11,784,289 | +€2.5m | +27.5% |
| Participating interests | 280 | €9,246,039 | €11,784,289 | +€2.5m | +27.5% |
| Amounts receivable | 281 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €5,000 | €5,000 | = | 0.0% |
| Participating interests | 282 | €5,000 | €5,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,355 | €2,855 | -€500 | -14.9% |
| Amounts receivable and cash guarantees | 285/8 | €3,355 | €2,855 | -€500 | -14.9% |
| Current assets | 29/58 | €2,586,760 | €3,197,150 | +€610,390 | +23.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €741,537 | €1,529,417 | +€787,881 | +106.2% |
| Trade receivables | 40 | €76,553 | €9,833 | -€66,720 | -87.2% |
| Other amounts receivable | 41 | €664,984 | €1,519,584 | +€854,601 | +128.5% |
| Current investments | 50/53 | €350,000 | €350,000 | = | 0.0% |
| Other investments | 51/53 | €350,000 | €350,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €185,170 | €70,768 | -€114,403 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,310,053 | €1,246,965 | -€63,087 | -4.8% |
| Total equity and liabilities | 10/49 | €13,482,517 | €16,274,439 | +€2.8m | +20.7% |
| Equity | 10/15 | €7,368,767 | €8,361,641 | +€992,873 | +13.5% |
| Contributions | 10/11 | €2,308,483 | €2,221,740 | -€86,742 | -3.8% |
| Reserves | 13 | €5,057,385 | €6,139,360 | +€1.1m | +21.4% |
| Tax-exempt reserves | 132 | €467,385 | €259,360 | -€208,025 | -44.5% |
| Distributable reserves | 133 | €4,590,000 | €5,880,000 | +€1.3m | +28.1% |
| Profit (loss) carried forward | 14 | €2,900 | €540 | -€2,359 | -81.4% |
| Provisions and deferred taxes | 16 | €137,913 | €86,453 | -€51,459 | -37.3% |
| Deferred taxes | 168 | €137,913 | €86,453 | -€51,459 | -37.3% |
| Amounts payable | 17/49 | €5,975,837 | €7,826,345 | +€1.9m | +31.0% |
| Amounts payable after more than one year | 17 | €3,233,837 | €4,334,885 | +€1.1m | +34.0% |
| Financial debts | 170/4 | €2,187,874 | €3,083,560 | +€895,686 | +40.9% |
| Credit institutions | 173 | €2,187,874 | €3,083,560 | +€895,686 | +40.9% |
| Other loans | 174 | €0 | - | = | |
| Trade debts | 175 | €145,963 | €0 | -€145,963 | -100.0% |
| Suppliers | 1750 | €145,963 | €0 | -€145,963 | -100.0% |
| Other amounts payable | 178/9 | €900,000 | €1,251,325 | +€351,325 | +39.0% |
| Amounts payable within one year | 42/48 | €2,727,190 | €3,467,404 | +€740,214 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €910,248 | €1,162,882 | +€252,634 | +27.8% |
| Financial debts | 43 | €602,435 | €838,118 | +€235,683 | +39.1% |
| Credit institutions | 430/8 | €602,435 | €838,118 | +€235,683 | +39.1% |
| Trade debts | 44 | €433,113 | €709,619 | +€276,507 | +63.8% |
| Suppliers | 440/4 | €433,113 | €709,619 | +€276,507 | +63.8% |
| Taxes, remuneration and social security | 45 | €330,664 | €411,055 | +€80,391 | +24.3% |
| Taxes | 450/3 | €237,885 | €305,122 | +€67,237 | +28.3% |
| Remuneration and social security | 454/9 | €92,779 | €105,933 | +€13,154 | +14.2% |
| Other amounts payable | 47/48 | €450,730 | €345,729 | -€105,001 | -23.3% |
| Accrued charges and deferred income | 492/3 | €14,810 | €24,056 | +€9,247 | +62.4% |
| Operating income | 70/76A | €5,686,557 | €6,484,507 | +€797,949 | +14.0% |
| Turnover | 70 | €5,627,210 | €6,270,912 | +€643,702 | +11.4% |
| Other operating income | 74 | €59,224 | €43,707 | -€15,517 | -26.2% |
| Non-recurring operating income | 76A | €124 | €169,888 | +€169,764 | +136939.4% |
| Operating charges | 60/66A | €5,660,305 | €6,144,606 | +€484,301 | +8.6% |
| Goods for resale, raw materials and consumables | 60 | €2,032,950 | €1,982,496 | -€50,454 | -2.5% |
| Purchases | 600/8 | €2,032,950 | €1,982,496 | -€50,454 | -2.5% |
| Services and other goods | 61 | €1,945,119 | €2,512,824 | +€567,705 | +29.2% |
| Remuneration, social security and pensions | 62 | €1,033,641 | €1,051,197 | +€17,556 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €646,390 | €595,389 | -€51,001 | -7.9% |
| Other operating charges | 640/8 | €2,205 | €2,700 | +€495 | +22.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €26,253 | €339,901 | +€313,648 | +1194.7% |
| Financial income | 75/76B | €943,785 | €821,851 | -€121,934 | -12.9% |
| Recurring financial income | 75 | €943,785 | €821,851 | -€121,934 | -12.9% |
| Income from financial fixed assets | 750 | €936,554 | €733,305 | -€203,249 | -21.7% |
| Income from current assets | 751 | €7,141 | €9,479 | +€2,338 | +32.7% |
| Other financial income | 752/9 | €90 | €79,067 | +€78,977 | +88124.3% |
| Financial charges | 65/66B | €132,769 | €217,617 | +€84,848 | +63.9% |
| Recurring financial charges | 65 | €132,769 | €217,617 | +€84,848 | +63.9% |
| Debt charges | 650 | €137,110 | €238,104 | +€100,995 | +73.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€7,862 | -€25,716 | -€17,854 | -227.1% |
| Other financial charges | 652/9 | €3,521 | €5,229 | +€1,708 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | €837,269 | €944,134 | +€106,866 | +12.8% |
| Transfer from deferred taxes | 780 | €46,323 | €51,459 | +€5,136 | +11.1% |
| Income taxes | 67/77 | €2,681 | €2,721 | +€40 | +1.5% |
| Taxes | 670/3 | €2,681 | €2,721 | +€40 | +1.5% |
| Profit (loss) for the period | 9904 | €880,911 | €992,873 | +€111,962 | +12.7% |
| Transfer from tax-exempt reserves | 789 | €223,170 | €123,825 | -€99,345 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,104,081 | €1,116,698 | +€12,617 | +1.1% |
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 12 October 2026 via checked.be.