Denthys: what changed
Two fiscal 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.
Denthys
Largest movements
- Current investments +€42,927
new in 2025: €42,927
- Cash +€24,268
up €24,268 (+130.8%), from €18,547 to €42,815
mainly Net result for the year (+€66,921) and Deferred charges and accrued income (+€3,815)
- Deferred charges and accrued income -€3,815
down €3,815 (-27.7%), from €13,783 to €9,968
- Tangible fixed assets -€1,626
down €1,626 (-30.6%), from €5,321 to €3,695
of which Plant, machinery and equipment: -€1,067
- Reserves +€66,921
up €66,921 (+282.3%), from €23,707 to €90,628
- Trade debts -€4,912
down €4,912 (-70.1%), from €7,009 to €2,096
- Other debts -€1,503
down €1,503 (-38.5%), from €3,903 to €2,400
- Tax, wage and social debts +€1,064
up €1,064 (+87.5%), from €1,216 to €2,280
- Gross operating margin +€55,583
up €55,583 (+179.3%), from €30,996 to €86,579
- Taxes +€11,073
up €11,073 (+178.1%), from €6,216 to €17,289
- Depreciation +€952
up €952 (+141.2%), from €674 to €1,626
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 | €37,834 | €99,405 | +€61,571 | +162.7% |
| Fixed assets | 21/28 | €5,321 | €3,695 | -€1,626 | -30.6% |
| Tangible fixed assets | 22/27 | €5,321 | €3,695 | -€1,626 | -30.6% |
| Plant, machinery and equipment | 23 | €2,601 | €1,534 | -€1,067 | -41.0% |
| Furniture and vehicles | 24 | €2,720 | €2,161 | -€559 | -20.6% |
| Current assets | 29/58 | €32,513 | €95,710 | +€63,196 | +194.4% |
| Amounts receivable within one year | 40/41 | €183 | - | -€183 | |
| Trade receivables | 40 | €183 | - | -€183 | |
| Current investments | 50/53 | - | €42,927 | +€42,927 | |
| Cash at bank and in hand | 54/58 | €18,547 | €42,815 | +€24,268 | +130.8% |
| Deferred charges and accrued income | 490/1 | €13,783 | €9,968 | -€3,815 | -27.7% |
| Total equity and liabilities | 10/49 | €37,834 | €99,405 | +€61,571 | +162.7% |
| Equity | 10/15 | €25,707 | €92,628 | +€66,921 | +260.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,707 | €90,628 | +€66,921 | +282.3% |
| Distributable reserves | 133 | €23,707 | €90,628 | +€66,921 | +282.3% |
| Amounts payable | 17/49 | €12,127 | €6,777 | -€5,351 | -44.1% |
| Amounts payable within one year | 42/48 | €12,127 | €6,777 | -€5,351 | -44.1% |
| Trade debts | 44 | €7,009 | €2,096 | -€4,912 | -70.1% |
| Suppliers | 440/4 | €7,009 | €2,096 | -€4,912 | -70.1% |
| Taxes, remuneration and social security | 45 | €1,216 | €2,280 | +€1,064 | +87.5% |
| Taxes | 450/3 | €1,216 | €2,280 | +€1,064 | +87.5% |
| Other amounts payable | 47/48 | €3,903 | €2,400 | -€1,503 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €674 | €1,626 | +€952 | +141.2% |
| Other operating charges | 640/8 | €367 | €495 | +€128 | +35.0% |
| Gross operating margin | 9900 | €30,996 | €86,579 | +€55,583 | +179.3% |
| Operating profit (loss) | 9901 | €29,955 | €84,458 | +€54,503 | +181.9% |
| Financial income | 75/76B | - | €27 | +€27 | |
| Recurring financial income | 75 | - | €27 | +€27 | |
| Financial charges | 65/66B | €33 | €276 | +€243 | +748.2% |
| Recurring financial charges | 65 | €33 | €276 | +€243 | +748.2% |
| Profit (loss) for the period before taxes | 9903 | €29,923 | €84,210 | +€54,287 | +181.4% |
| Income taxes | 67/77 | €6,216 | €17,289 | +€11,073 | +178.1% |
| Profit (loss) for the period | 9904 | €23,707 | €66,921 | +€43,214 | +182.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,707 | €66,921 | +€43,214 | +182.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.