DENTHERINE: 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.
DENTHERINE
Largest movements
- Current investments +€237,248
up €237,248 (+92.9%), from €255,252 to €492,500
- Tangible fixed assets -€37,803
down €37,803 (-5.6%), from €669,690 to €631,887
- Receivables within one year -€28,044
down €28,044 (-75.6%), from €37,075 to €9,031
of which Trade receivables: -€19,234
- Cash +€19,013
up €19,013 (+7.4%), from €258,110 to €277,123
mainly Net result for the year (+€259,881) and Current portion of long-term debt (+€48,343)
- Reserves +€209,881
up €209,881 (+41.8%), from €501,681 to €711,562
- Current portion of long-term debt +€48,343
up €48,343 (+203.7%), from €23,729 to €72,072
- Accrued charges and deferred income -€28,859
down €28,859 (-91.8%), from €31,424 to €2,565
- Other debts -€23,248
down €23,248 (-34.6%), from €67,165 to €43,917
- Debts after one year -€20,328
down €20,328 (-3.8%), from €540,142 to €519,814
of which Financial debts: -€20,328
- Gross operating margin +€77,325
up €77,325 (+19.9%), from €388,747 to €466,072
- Taxes +€33,482
up €33,482 (+41.3%), from €81,023 to €114,505
- Financial charges -€10,926
down €10,926 (-30.3%), from €36,110 to €25,184
- Depreciation -€6,328
down €6,328 (-14.3%), from €44,131 to €37,803
- Staff costs +€5,068
up €5,068 (+16.6%), from €30,518 to €35,586
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 | €1,220,127 | €1,410,541 | +€190,414 | +15.6% |
| Fixed assets | 21/28 | €669,690 | €631,887 | -€37,803 | -5.6% |
| Tangible fixed assets | 22/27 | €669,690 | €631,887 | -€37,803 | -5.6% |
| Land and buildings | 22 | €525,290 | €512,460 | -€12,830 | -2.4% |
| Plant, machinery and equipment | 23 | €114,020 | €101,074 | -€12,946 | -11.4% |
| Furniture and vehicles | 24 | €29,747 | €18,332 | -€11,415 | -38.4% |
| Other tangible fixed assets | 26 | €633 | €21 | -€612 | -96.7% |
| Current assets | 29/58 | €550,437 | €778,654 | +€228,217 | +41.5% |
| Amounts receivable within one year | 40/41 | €37,075 | €9,031 | -€28,044 | -75.6% |
| Trade receivables | 40 | €28,265 | €9,031 | -€19,234 | -68.0% |
| Other amounts receivable | 41 | €8,810 | - | -€8,810 | |
| Current investments | 50/53 | €255,252 | €492,500 | +€237,248 | +92.9% |
| Cash at bank and in hand | 54/58 | €258,110 | €277,123 | +€19,013 | +7.4% |
| Total equity and liabilities | 10/49 | €1,220,127 | €1,410,541 | +€190,414 | +15.6% |
| Equity | 10/15 | €507,881 | €717,762 | +€209,881 | +41.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €501,681 | €711,562 | +€209,881 | +41.8% |
| Distributable reserves | 133 | €501,681 | €711,562 | +€209,881 | +41.8% |
| Amounts payable | 17/49 | €712,246 | €692,779 | -€19,467 | -2.7% |
| Amounts payable after more than one year | 17 | €540,142 | €519,814 | -€20,328 | -3.8% |
| Financial debts | 170/4 | €312,142 | €291,814 | -€20,328 | -6.5% |
| Other amounts payable | 178/9 | €228,000 | €228,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €140,680 | €170,400 | +€29,720 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €23,729 | €72,072 | +€48,343 | +203.7% |
| Trade debts | 44 | €2,346 | €470 | -€1,876 | -80.0% |
| Suppliers | 440/4 | €2,346 | €470 | -€1,876 | -80.0% |
| Taxes, remuneration and social security | 45 | €47,440 | €53,941 | +€6,501 | +13.7% |
| Taxes | 450/3 | €45,440 | €51,800 | +€6,360 | +14.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,141 | +€141 | +7.1% |
| Other amounts payable | 47/48 | €67,165 | €43,917 | -€23,248 | -34.6% |
| Accrued charges and deferred income | 492/3 | €31,424 | €2,565 | -€28,859 | -91.8% |
| Remuneration, social security and pensions | 62 | €30,518 | €35,586 | +€5,068 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,131 | €37,803 | -€6,328 | -14.3% |
| Other operating charges | 640/8 | €673 | €1,303 | +€630 | +93.6% |
| Gross operating margin | 9900 | €388,747 | €466,072 | +€77,325 | +19.9% |
| Operating profit (loss) | 9901 | €313,425 | €391,380 | +€77,955 | +24.9% |
| Financial income | 75/76B | €4,675 | €8,190 | +€3,515 | +75.2% |
| Recurring financial income | 75 | €4,675 | €8,190 | +€3,515 | +75.2% |
| Financial charges | 65/66B | €36,110 | €25,184 | -€10,926 | -30.3% |
| Recurring financial charges | 65 | €36,110 | €25,184 | -€10,926 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €281,990 | €374,386 | +€92,396 | +32.8% |
| Income taxes | 67/77 | €81,023 | €114,505 | +€33,482 | +41.3% |
| Profit (loss) for the period | 9904 | €200,967 | €259,881 | +€58,914 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €200,967 | €259,881 | +€58,914 | +29.3% |
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 10 October 2026 via checked.be.