DENUIT'S: 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.
DENUIT'S
Largest movements
- Cash +€59,539
up €59,539 (+24.3%), from €244,679 to €304,219
mainly Receivables within one year (+€28,229) and Net result for the year (+€21,802)
- Receivables within one year -€28,229
down €28,229 (-73.9%), from €38,182 to €9,953
of which Trade receivables: -€24,913
- Deferred charges and accrued income -€13,636
down €13,636 (-66.4%), from €20,547 to €6,910
- Tangible fixed assets -€7,035
down €7,035 (-5.2%), from €136,395 to €129,360
of which Land and buildings: -€5,237
- Reserves +€21,802
up €21,802 (+12.2%), from €178,051 to €199,853
of which Distributable reserves: +€21,802
- Accrued charges and deferred income -€11,324
down €11,324 (-77.7%), from €14,571 to €3,247
- Trade debts +€6,906
up €6,906 (+332%), from €2,077 to €8,983
- Other debts -€6,251
down €6,251 (-14.3%), from €43,629 to €37,378
- Gross operating margin +€36,972
up €36,972 (+47.5%), from €77,903 to €114,874
- Financial charges +€26,392
up €26,392 (+53.7%), from €49,129 to €75,521
- Taxes +€7,697
up €7,697 (+313%), from €2,461 to €10,158
- Other operating charges -€2,400
down €2,400 (-57.2%), from €4,198 to €1,798
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.
Derived cash bridge
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 | €439,802 | €450,441 | +€10,639 | +2.4% |
| Fixed assets | 21/28 | €136,395 | €129,360 | -€7,035 | -5.2% |
| Tangible fixed assets | 22/27 | €136,395 | €129,360 | -€7,035 | -5.2% |
| Land and buildings | 22 | €130,780 | €125,543 | -€5,237 | -4.0% |
| Plant, machinery and equipment | 23 | €5,316 | €3,816 | -€1,500 | -28.2% |
| Furniture and vehicles | 24 | €298 | - | -€298 | |
| Current assets | 29/58 | €303,408 | €321,082 | +€17,674 | +5.8% |
| Amounts receivable within one year | 40/41 | €38,182 | €9,953 | -€28,229 | -73.9% |
| Trade receivables | 40 | €30,494 | €5,581 | -€24,913 | -81.7% |
| Other amounts receivable | 41 | €7,687 | €4,372 | -€3,316 | -43.1% |
| Cash at bank and in hand | 54/58 | €244,679 | €304,219 | +€59,539 | +24.3% |
| Deferred charges and accrued income | 490/1 | €20,547 | €6,910 | -€13,636 | -66.4% |
| Total equity and liabilities | 10/49 | €439,802 | €450,441 | +€10,639 | +2.4% |
| Equity | 10/15 | €375,026 | €395,995 | +€20,969 | +5.6% |
| Contributions | 10/11 | €15,200 | €15,200 | = | 0.0% |
| Contributions outside capital | 11 | €15,200 | €15,200 | = | 0.0% |
| Share premium | 1100/10 | €15,200 | €15,200 | = | 0.0% |
| Reserves | 13 | €178,051 | €199,853 | +€21,802 | +12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €176,191 | €197,993 | +€21,802 | +12.4% |
| Profit (loss) carried forward | 14 | €181,775 | €180,942 | -€833 | -0.5% |
| Amounts payable | 17/49 | €64,777 | €54,447 | -€10,330 | -15.9% |
| Amounts payable within one year | 42/48 | €50,206 | €51,200 | +€994 | +2.0% |
| Trade debts | 44 | €2,077 | €8,983 | +€6,906 | +332% |
| Suppliers | 440/4 | €2,077 | €8,983 | +€6,906 | +332% |
| Taxes, remuneration and social security | 45 | €4,500 | €4,840 | +€340 | +7.5% |
| Taxes | 450/3 | €4,500 | €4,840 | +€340 | +7.5% |
| Other amounts payable | 47/48 | €43,629 | €37,378 | -€6,251 | -14.3% |
| Accrued charges and deferred income | 492/3 | €14,571 | €3,247 | -€11,324 | -77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,540 | €7,035 | -€505 | -6.7% |
| Other operating charges | 640/8 | €4,198 | €1,798 | -€2,400 | -57.2% |
| Gross operating margin | 9900 | €77,903 | €114,874 | +€36,972 | +47.5% |
| Operating profit (loss) | 9901 | €66,164 | €106,041 | +€39,877 | +60.3% |
| Financial income | 75/76B | €1,438 | €1,440 | +€2 | +0.1% |
| Recurring financial income | 75 | €1,438 | €1,440 | +€2 | +0.1% |
| Financial charges | 65/66B | €49,129 | €75,521 | +€26,392 | +53.7% |
| Recurring financial charges | 65 | €49,129 | €75,521 | +€26,392 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €18,473 | €31,960 | +€13,486 | +73.0% |
| Income taxes | 67/77 | €2,461 | €10,158 | +€7,697 | +313% |
| Profit (loss) for the period | 9904 | €16,012 | €21,802 | +€5,790 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,012 | €21,802 | +€5,790 | +36.2% |
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 20 October 2026 via checked.be.