Denvers: 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.
Denvers
Largest movements
- Cash +€1,379
up €1,379 (+39.9%), from €3,455 to €4,834
mainly Other debts (+€2,380) and Net result for the year (+€986)
- Receivables within one year +€1,009
up €1,009 (+58.6%), from €1,723 to €2,733
of which Other amounts receivable: +€929
- Stocks and contracts -€300
down €300 (-4.8%), from €6,200 to €5,900
- Deferred charges and accrued income -€268
down €268 (-32.9%), from €814 to €547
- Other debts +€2,380
up €2,380 (+228.2%), from €1,043 to €3,424
- Profit (loss) carried forward +€986
up €986 (+30.5%), from -€3,229 to -€2,244
- Tax, wage and social debts -€842
down €842 (-95.1%), from €886 to €43
- Trade debts -€703
down €703 (-76.5%), from €920 to €216
- Gross operating margin +€1,136
up €1,136 (+126.6%), from €897 to €2,033
- Other operating charges +€512
up €512 (+132.3%), from €387 to €900
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 | €12,193 | €14,013 | +€1,820 | +14.9% |
| Current assets | 29/58 | €12,193 | €14,013 | +€1,820 | +14.9% |
| Stocks and contracts in progress | 3 | €6,200 | €5,900 | -€300 | -4.8% |
| Stocks | 30/36 | €6,200 | €5,900 | -€300 | -4.8% |
| Amounts receivable within one year | 40/41 | €1,723 | €2,733 | +€1,009 | +58.6% |
| Trade receivables | 40 | - | €80 | +€80 | |
| Other amounts receivable | 41 | €1,723 | €2,652 | +€929 | +53.9% |
| Cash at bank and in hand | 54/58 | €3,455 | €4,834 | +€1,379 | +39.9% |
| Deferred charges and accrued income | 490/1 | €814 | €547 | -€268 | -32.9% |
| Total equity and liabilities | 10/49 | €12,193 | €14,013 | +€1,820 | +14.9% |
| Equity | 10/15 | €9,344 | €10,330 | +€986 | +10.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €174 | €174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €174 | €174 | = | 0.0% |
| Reserves not available under the articles | 1311 | €174 | €174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,229 | -€2,244 | +€986 | +30.5% |
| Amounts payable | 17/49 | €2,849 | €3,683 | +€835 | +29.3% |
| Amounts payable within one year | 42/48 | €2,849 | €3,683 | +€835 | +29.3% |
| Trade debts | 44 | €920 | €216 | -€703 | -76.5% |
| Suppliers | 440/4 | €920 | €216 | -€703 | -76.5% |
| Taxes, remuneration and social security | 45 | €886 | €43 | -€842 | -95.1% |
| Taxes | 450/3 | €886 | €43 | -€842 | -95.1% |
| Other amounts payable | 47/48 | €1,043 | €3,424 | +€2,380 | +228.2% |
| Other operating charges | 640/8 | €387 | €900 | +€512 | +132.3% |
| Gross operating margin | 9900 | €897 | €2,033 | +€1,136 | +126.6% |
| Operating profit (loss) | 9901 | €510 | €1,133 | +€623 | +122.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €152 | €147 | -€5 | -3.5% |
| Recurring financial charges | 65 | €152 | €147 | -€5 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €357 | €986 | +€629 | +175.9% |
| Profit (loss) for the period | 9904 | €357 | €986 | +€629 | +175.9% |
| Profit (loss) for the period to be appropriated | 9905 | €357 | €986 | +€629 | +175.9% |
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 12 October 2026 via checked.be.