DENVI: 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.
DENVI
Largest movements
- Cash +€55,491
up €55,491 (+122.9%), from €45,156 to €100,646
mainly Depreciation (+€45,161) and Net result for the year (+€12,547)
- Tangible fixed assets -€42,833
down €42,833 (-10.1%), from €422,817 to €379,984
of which Furniture and vehicles: -€24,555
- Deferred charges and accrued income -€6,291
down €6,291 (-32.6%), from €19,312 to €13,021
- Reserves +€8,547
up €8,547 (+1.5%), from €569,537 to €578,085
- Depreciation +€9,468
up €9,468 (+26.5%), from €35,693 to €45,161
- Gross operating margin -€8,334
down €8,334 (-11.6%), from €71,685 to €63,350
- Taxes -€4,165
down €4,165 (-42.0%), from €9,915 to €5,750
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 | €587,576 | €598,526 | +€10,950 | +1.9% |
| Fixed assets | 21/28 | €422,817 | €379,984 | -€42,833 | -10.1% |
| Tangible fixed assets | 22/27 | €422,817 | €379,984 | -€42,833 | -10.1% |
| Land and buildings | 22 | €298,997 | €281,574 | -€17,424 | -5.8% |
| Plant, machinery and equipment | 23 | €3,911 | €3,056 | -€855 | -21.9% |
| Furniture and vehicles | 24 | €119,908 | €95,354 | -€24,555 | -20.5% |
| Current assets | 29/58 | €164,759 | €218,542 | +€53,783 | +32.6% |
| Amounts receivable within one year | 40/41 | €291 | €4,875 | +€4,584 | +1574.3% |
| Other amounts receivable | 41 | €291 | €4,875 | +€4,584 | +1574.3% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,156 | €100,646 | +€55,491 | +122.9% |
| Deferred charges and accrued income | 490/1 | €19,312 | €13,021 | -€6,291 | -32.6% |
| Total equity and liabilities | 10/49 | €587,576 | €598,526 | +€10,950 | +1.9% |
| Equity | 10/15 | €575,737 | €584,285 | +€8,547 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €569,537 | €578,085 | +€8,547 | +1.5% |
| Distributable reserves | 133 | €569,537 | €578,085 | +€8,547 | +1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,839 | €14,241 | +€2,403 | +20.3% |
| Amounts payable within one year | 42/48 | €11,839 | €14,241 | +€2,403 | +20.3% |
| Trade debts | 44 | €5,689 | €7,554 | +€1,865 | +32.8% |
| Suppliers | 440/4 | €5,689 | €7,554 | +€1,865 | +32.8% |
| Taxes, remuneration and social security | 45 | €2,150 | €2,294 | +€144 | +6.7% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €2,150 | €2,294 | +€144 | +6.7% |
| Other amounts payable | 47/48 | €4,000 | €4,394 | +€394 | +9.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,693 | €45,161 | +€9,468 | +26.5% |
| Other operating charges | 640/8 | €1,703 | €1,940 | +€237 | +13.9% |
| Gross operating margin | 9900 | €71,685 | €63,350 | -€8,334 | -11.6% |
| Operating profit (loss) | 9901 | €34,289 | €16,250 | -€18,039 | -52.6% |
| Financial income | 75/76B | €2,381 | €2,084 | -€297 | -12.5% |
| Recurring financial income | 75 | €2,381 | €2,084 | -€297 | -12.5% |
| Financial charges | 65/66B | €36 | €36 | = | 0.0% |
| Recurring financial charges | 65 | €36 | €36 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €36,634 | €18,297 | -€18,336 | -50.1% |
| Income taxes | 67/77 | €9,915 | €5,750 | -€4,165 | -42.0% |
| Profit (loss) for the period | 9904 | €26,718 | €12,547 | -€14,171 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,718 | €12,547 | -€14,171 | -53.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.