Denrau: 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.
Denrau
Largest movements
- Receivables within one year +€6,315
up €6,315 (+200.4%), from €3,151 to €9,466
of which Other amounts receivable: +€6,263
- Cash -€994
down €994 (-2.7%), from €37,355 to €36,360
mainly Tax, wage and social debts (-€10,268) and Receivables within one year (-€6,315)
- Deferred charges and accrued income -€695
down €695 (-37.1%), from €1,873 to €1,179
- Tangible fixed assets -€489
down €489 (-35.0%), from €1,394 to €906
- Reserves +€10,437
up €10,437 (+36.6%), from €28,530 to €38,967
- Tax, wage and social debts -€10,268
down €10,268 (-100.0%), from €10,268 to €0
- Trade debts +€3,202
up €3,202 (+536.4%), from €597 to €3,799
- Other debts +€765
up €765 (+55.5%), from €1,379 to €2,145
- Gross operating margin -€18,812
down €18,812 (-51.4%), from €36,608 to €17,795
- Taxes -€5,019
down €5,019 (-50.9%), from €9,852 to €4,833
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,774 | €47,911 | +€4,137 | +9.5% |
| Fixed assets | 21/28 | €1,394 | €906 | -€489 | -35.0% |
| Tangible fixed assets | 22/27 | €1,394 | €906 | -€489 | -35.0% |
| Plant, machinery and equipment | 23 | €1,394 | €906 | -€489 | -35.0% |
| Current assets | 29/58 | €42,380 | €47,005 | +€4,625 | +10.9% |
| Amounts receivable within one year | 40/41 | €3,151 | €9,466 | +€6,315 | +200.4% |
| Trade receivables | 40 | €2,442 | €2,493 | +€52 | +2.1% |
| Other amounts receivable | 41 | €710 | €6,972 | +€6,263 | +882.6% |
| Cash at bank and in hand | 54/58 | €37,355 | €36,360 | -€994 | -2.7% |
| Deferred charges and accrued income | 490/1 | €1,873 | €1,179 | -€695 | -37.1% |
| Total equity and liabilities | 10/49 | €43,774 | €47,911 | +€4,137 | +9.5% |
| Equity | 10/15 | €31,530 | €41,967 | +€10,437 | +33.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,530 | €38,967 | +€10,437 | +36.6% |
| Distributable reserves | 133 | €28,530 | €38,967 | +€10,437 | +36.6% |
| Amounts payable | 17/49 | €12,244 | €5,943 | -€6,301 | -51.5% |
| Amounts payable within one year | 42/48 | €12,244 | €5,943 | -€6,301 | -51.5% |
| Trade debts | 44 | €597 | €3,799 | +€3,202 | +536.4% |
| Suppliers | 440/4 | €597 | €3,799 | +€3,202 | +536.4% |
| Taxes, remuneration and social security | 45 | €10,268 | €0 | -€10,268 | -100.0% |
| Taxes | 450/3 | €10,268 | €0 | -€10,268 | -100.0% |
| Other amounts payable | 47/48 | €1,379 | €2,145 | +€765 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €489 | €489 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €700 | +€194 | +38.4% |
| Gross operating margin | 9900 | €36,608 | €17,795 | -€18,812 | -51.4% |
| Operating profit (loss) | 9901 | €35,613 | €16,607 | -€19,007 | -53.4% |
| Financial income | 75/76B | €31 | €0 | -€31 | -100.0% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100.0% |
| Financial charges | 65/66B | €1,311 | €1,337 | +€26 | +2.0% |
| Recurring financial charges | 65 | €1,311 | €1,337 | +€26 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €34,334 | €15,270 | -€19,064 | -55.5% |
| Income taxes | 67/77 | €9,852 | €4,833 | -€5,019 | -50.9% |
| Profit (loss) for the period | 9904 | €24,482 | €10,437 | -€14,045 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,482 | €10,437 | -€14,045 | -57.4% |
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 11 October 2026 via checked.be.