DENS: 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.
DENS
Largest movements
- Cash +€6,667
up €6,667 (+12.4%), from €53,943 to €60,609
mainly Net result for the year (+€10,755) and Depreciation (+€1,431)
- Tangible fixed assets +€2,617
up €2,617 (+243.0%), from €1,077 to €3,694
- Profit (loss) carried forward +€10,755
up €10,755 (+18.7%), from €57,499 to €68,255
- Tax, wage and social debts -€953
down €953 (-37.7%), from €2,528 to €1,575
- Gross operating margin -€7,095
down €7,095 (-31.1%), from €22,784 to €15,688
- Taxes -€1,272
down €1,272 (-28.3%), from €4,497 to €3,225
- Depreciation +€571
up €571 (+66.5%), from €859 to €1,431
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 | €72,958 | €82,678 | +€9,720 | +13.3% |
| Fixed assets | 21/28 | €1,077 | €3,694 | +€2,617 | +243.0% |
| Tangible fixed assets | 22/27 | €1,077 | €3,694 | +€2,617 | +243.0% |
| Furniture and vehicles | 24 | €1,077 | €3,694 | +€2,617 | +243.0% |
| Current assets | 29/58 | €71,881 | €78,984 | +€7,103 | +9.9% |
| Amounts receivable within one year | 40/41 | €17,939 | €18,375 | +€437 | +2.4% |
| Trade receivables | 40 | €14,802 | €11,100 | -€3,702 | -25.0% |
| Other amounts receivable | 41 | €3,137 | €7,275 | +€4,138 | +131.9% |
| Cash at bank and in hand | 54/58 | €53,943 | €60,609 | +€6,667 | +12.4% |
| Total equity and liabilities | 10/49 | €72,958 | €82,678 | +€9,720 | +13.3% |
| Equity | 10/15 | €59,999 | €70,755 | +€10,755 | +17.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,499 | €68,255 | +€10,755 | +18.7% |
| Amounts payable | 17/49 | €12,959 | €11,923 | -€1,035 | -8.0% |
| Amounts payable within one year | 42/48 | €12,593 | €11,923 | -€669 | -5.3% |
| Trade debts | 44 | €236 | €198 | -€37 | -15.9% |
| Suppliers | 440/4 | €236 | €198 | -€37 | -15.9% |
| Taxes, remuneration and social security | 45 | €2,528 | €1,575 | -€953 | -37.7% |
| Taxes | 450/3 | €2,528 | €1,575 | -€953 | -37.7% |
| Other amounts payable | 47/48 | €9,829 | €10,150 | +€321 | +3.3% |
| Accrued charges and deferred income | 492/3 | €366 | - | -€366 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €859 | €1,431 | +€571 | +66.5% |
| Other operating charges | 640/8 | €184 | €135 | -€49 | -26.6% |
| Gross operating margin | 9900 | €22,784 | €15,688 | -€7,095 | -31.1% |
| Operating profit (loss) | 9901 | €21,740 | €14,122 | -€7,618 | -35.0% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €131 | €144 | +€13 | +9.7% |
| Recurring financial charges | 65 | €131 | €144 | +€13 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €21,609 | €13,980 | -€7,629 | -35.3% |
| Income taxes | 67/77 | €4,497 | €3,225 | -€1,272 | -28.3% |
| Profit (loss) for the period | 9904 | €17,112 | €10,755 | -€6,357 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,112 | €10,755 | -€6,357 | -37.1% |
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 9 October 2026 via checked.be.