DENTURCK: 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.
DENTURCK
Largest movements
- Cash +€239,814
up €239,814 (+33.2%), from €722,274 to €962,088
mainly Other debts (+€536,774) and Net result for the year (+€505,338)
- Receivables within one year -€165,267
down €165,267 (-38.0%), from €435,446 to €270,180
of which Other amounts receivable: -€166,417
- Tangible fixed assets -€48,276
down €48,276 (-23.5%), from €205,115 to €156,839
of which Furniture and vehicles: -€40,281
- Other debts +€536,774
up €536,774 (+5293.7%), from €10,140 to €546,914
- Reserves -€439,556
down €439,556 (-11.7%), from €3.8m to €3.3m
of which Distributable reserves: -€439,556
- Tax, wage and social debts -€53,997
down €53,997 (-43.4%), from €124,456 to €70,458
of which Taxes: -€59,889
- Gross operating margin -€140,989
down €140,989 (-12.1%), from €1.2m to €1.0m
- Taxes -€50,023
down €50,023 (-17.7%), from €283,096 to €233,073
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 | €3,965,058 | €3,992,140 | +€27,082 | +0.7% |
| Fixed assets | 21/28 | €205,115 | €156,839 | -€48,276 | -23.5% |
| Tangible fixed assets | 22/27 | €205,115 | €156,839 | -€48,276 | -23.5% |
| Land and buildings | 22 | €11,570 | €9,109 | -€2,460 | -21.3% |
| Plant, machinery and equipment | 23 | €26,243 | €20,707 | -€5,535 | -21.1% |
| Furniture and vehicles | 24 | €167,303 | €127,022 | -€40,281 | -24.1% |
| Current assets | 29/58 | €3,759,943 | €3,835,301 | +€75,358 | +2.0% |
| Amounts receivable after more than one year | 29 | €550,000 | €550,000 | = | 0.0% |
| Other amounts receivable | 291 | €550,000 | €550,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €18,691 | €23,426 | +€4,735 | +25.3% |
| Stocks | 30/36 | €18,691 | €23,426 | +€4,735 | +25.3% |
| Amounts receivable within one year | 40/41 | €435,446 | €270,180 | -€165,267 | -38.0% |
| Trade receivables | 40 | €262,938 | €264,088 | +€1,150 | +0.4% |
| Other amounts receivable | 41 | €172,508 | €6,091 | -€166,417 | -96.5% |
| Current investments | 50/53 | €2,000,000 | €2,000,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €722,274 | €962,088 | +€239,814 | +33.2% |
| Deferred charges and accrued income | 490/1 | €33,532 | €29,608 | -€3,924 | -11.7% |
| Total equity and liabilities | 10/49 | €3,965,058 | €3,992,140 | +€27,082 | +0.7% |
| Equity | 10/15 | €3,754,522 | €3,314,965 | -€439,556 | -11.7% |
| Reserves | 13 | €3,754,522 | €3,314,965 | -€439,556 | -11.7% |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €3,737,022 | €3,297,465 | -€439,556 | -11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €210,537 | €677,175 | +€466,638 | +221.6% |
| Amounts payable within one year | 42/48 | €210,367 | €676,376 | +€466,010 | +221.5% |
| Trade debts | 44 | €75,771 | €59,004 | -€16,767 | -22.1% |
| Suppliers | 440/4 | €75,771 | €59,004 | -€16,767 | -22.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €124,456 | €70,458 | -€53,997 | -43.4% |
| Taxes | 450/3 | €74,822 | €14,934 | -€59,889 | -80.0% |
| Remuneration and social security | 454/9 | €49,633 | €55,525 | +€5,892 | +11.9% |
| Other amounts payable | 47/48 | €10,140 | €546,914 | +€536,774 | +5293.7% |
| Accrued charges and deferred income | 492/3 | €170 | €798 | +€628 | +370.0% |
| Non-recurring operating income | 76A | €14,200 | €0 | -€14,200 | -100.0% |
| Remuneration, social security and pensions | 62 | €294,219 | €303,296 | +€9,077 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,563 | €53,386 | +€7,823 | +17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,446 | €839 | -€5,607 | -87.0% |
| Other operating charges | 640/8 | €14,638 | €8,478 | -€6,160 | -42.1% |
| Gross operating margin | 9900 | €1,161,580 | €1,020,591 | -€140,989 | -12.1% |
| Operating profit (loss) | 9901 | €800,715 | €654,592 | -€146,123 | -18.2% |
| Financial income | 75/76B | €105,396 | €99,675 | -€5,721 | -5.4% |
| Recurring financial income | 75 | €105,396 | €99,675 | -€5,721 | -5.4% |
| Financial charges | 65/66B | €7,612 | €15,855 | +€8,243 | +108.3% |
| Recurring financial charges | 65 | €7,612 | €15,855 | +€8,243 | +108.3% |
| Profit (loss) for the period before taxes | 9903 | €898,499 | €738,412 | -€160,087 | -17.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €283,096 | €233,073 | -€50,023 | -17.7% |
| Profit (loss) for the period | 9904 | €615,403 | €505,338 | -€110,064 | -17.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €615,403 | €505,338 | -€110,064 | -17.9% |
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 5 October 2026 via checked.be.