DENYS EDOUARD: 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.
DENYS EDOUARD
Largest movements
- Cash +€16,657
up €16,657 (+85.3%), from €19,523 to €36,180
mainly Net result for the year (+€28,075) and Other debts (+€2,654)
- Tangible fixed assets +€1,936
new in 2025: €1,936
- Reserves +€28,075
up €28,075 (+139%), from €20,147 to €48,221
- Debts after one year -€11,367
down €11,367 (-26.7%), from €42,525 to €31,158
- Other debts +€2,654
new in 2025: €2,654
- Gross operating margin +€12,435
up €12,435 (+43.7%), from €28,430 to €40,865
- Taxes +€3,452
up €3,452 (+47.2%), from €7,316 to €10,768
- Financial charges +€863
up €863 (+107%), from €808 to €1,671
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 | €88,842 | €107,879 | +€19,038 | +21.4% |
| Fixed assets | 21/28 | €58,871 | €60,807 | +€1,936 | +3.3% |
| Tangible fixed assets | 22/27 | - | €1,936 | +€1,936 | |
| Plant, machinery and equipment | 23 | - | €1,936 | +€1,936 | |
| Financial fixed assets | 28 | €58,871 | €58,871 | = | 0.0% |
| Current assets | 29/58 | €29,971 | €47,072 | +€17,101 | +57.1% |
| Amounts receivable within one year | 40/41 | €10,448 | €10,892 | +€444 | +4.3% |
| Trade receivables | 40 | €10,446 | €10,890 | +€444 | +4.3% |
| Other amounts receivable | 41 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,523 | €36,180 | +€16,657 | +85.3% |
| Total equity and liabilities | 10/49 | €88,842 | €107,879 | +€19,038 | +21.4% |
| Equity | 10/15 | €25,147 | €53,221 | +€28,075 | +112% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,147 | €48,221 | +€28,075 | +139% |
| Distributable reserves | 133 | €20,147 | €48,221 | +€28,075 | +139% |
| Amounts payable | 17/49 | €63,695 | €54,658 | -€9,037 | -14.2% |
| Amounts payable after more than one year | 17 | €42,525 | €31,158 | -€11,367 | -26.7% |
| Financial debts | 170/4 | €42,525 | €31,158 | -€11,367 | -26.7% |
| Amounts payable within one year | 42/48 | €21,170 | €23,500 | +€2,330 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €10,998 | €11,367 | +€369 | +3.4% |
| Trade debts | 44 | €1,632 | €1,487 | -€145 | -8.9% |
| Suppliers | 440/4 | €1,632 | €1,487 | -€145 | -8.9% |
| Taxes, remuneration and social security | 45 | €8,540 | €7,993 | -€548 | -6.4% |
| Taxes | 450/3 | €6,162 | €7,993 | +€1,831 | +29.7% |
| Remuneration and social security | 454/9 | €2,378 | - | -€2,378 | |
| Other amounts payable | 47/48 | - | €2,654 | +€2,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €64 | +€64 | |
| Other operating charges | 640/8 | €160 | €287 | +€128 | +80.1% |
| Gross operating margin | 9900 | €28,430 | €40,865 | +€12,435 | +43.7% |
| Operating profit (loss) | 9901 | €28,270 | €40,513 | +€12,243 | +43.3% |
| Financial charges | 65/66B | €808 | €1,671 | +€863 | +107% |
| Recurring financial charges | 65 | €808 | €1,671 | +€863 | +107% |
| Profit (loss) for the period before taxes | 9903 | €27,462 | €38,842 | +€11,380 | +41.4% |
| Income taxes | 67/77 | €7,316 | €10,768 | +€3,452 | +47.2% |
| Profit (loss) for the period | 9904 | €20,147 | €28,075 | +€7,928 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,147 | €28,075 | +€7,928 | +39.4% |
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 16 October 2026 via checked.be.