DENYS JERRY: 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 JERRY
Largest movements
- Tangible fixed assets +€46,625
up €46,625 (+36.9%), from €126,436 to €173,061
of which Furniture and vehicles: +€36,497
- Cash -€16,473
down €16,473 (-8.6%), from €192,474 to €176,001
mainly Investment in fixed assets (net) (-€88,232) and Other debts (-€33,601)
- Other debts -€33,601
down €33,601 (-62.2%), from €54,028 to €20,427
- Debts after one year +€29,141
up €29,141 (+48.6%), from €60,000 to €89,141
- Reserves +€19,000
up €19,000 (+10.2%), from €187,113 to €206,113
of which Non-distributable reserves: +€19,000
- Current portion of long-term debt +€7,628
up €7,628, from €0 to €7,628
- Tax, wage and social debts +€3,758
up €3,758 (+24.5%), from €15,333 to €19,091
- Other operating charges -€5,967
down €5,967 (-32.4%), from €18,431 to €12,464
- Depreciation +€3,668
up €3,668 (+9.7%), from €37,940 to €41,607
- Gross operating margin +€2,815
up €2,815 (+3.3%), from €84,879 to €87,694
- Taxes +€2,328
up €2,328 (+38.3%), from €6,073 to €8,400
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 | €343,723 | €373,200 | +€29,477 | +8.6% |
| Fixed assets | 21/28 | €126,436 | €173,061 | +€46,625 | +36.9% |
| Tangible fixed assets | 22/27 | €126,436 | €173,061 | +€46,625 | +36.9% |
| Land and buildings | 22 | €17,841 | €15,462 | -€2,379 | -13.3% |
| Plant, machinery and equipment | 23 | €1,308 | €14,000 | +€12,691 | +970% |
| Furniture and vehicles | 24 | €106,121 | €142,617 | +€36,497 | +34.4% |
| Leasing and similar rights | 25 | €289 | €238 | -€50 | -17.5% |
| Other tangible fixed assets | 26 | €877 | €743 | -€134 | -15.2% |
| Current assets | 29/58 | €217,287 | €200,139 | -€17,148 | -7.9% |
| Stocks and contracts in progress | 3 | €3,900 | €2,100 | -€1,800 | -46.2% |
| Stocks | 30/36 | €3,900 | €2,100 | -€1,800 | -46.2% |
| Amounts receivable within one year | 40/41 | €20,913 | €22,038 | +€1,125 | +5.4% |
| Trade receivables | 40 | €18,840 | €20,097 | +€1,257 | +6.7% |
| Other amounts receivable | 41 | €2,072 | €1,940 | -€132 | -6.4% |
| Cash at bank and in hand | 54/58 | €192,474 | €176,001 | -€16,473 | -8.6% |
| Total equity and liabilities | 10/49 | €343,723 | €373,200 | +€29,477 | +8.6% |
| Equity | 10/15 | €207,653 | €227,239 | +€19,587 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,113 | €206,113 | +€19,000 | +10.2% |
| Non-distributable reserves | 130/1 | €26,860 | €45,860 | +€19,000 | +70.7% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €25,000 | €44,000 | +€19,000 | +76.0% |
| Tax-exempt reserves | 132 | €95,253 | €95,253 | = | 0.0% |
| Distributable reserves | 133 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,939 | €2,526 | +€587 | +30.2% |
| Amounts payable | 17/49 | €136,070 | €145,960 | +€9,890 | +7.3% |
| Amounts payable after more than one year | 17 | €60,000 | €89,141 | +€29,141 | +48.6% |
| Financial debts | 170/4 | €60,000 | €89,141 | +€29,141 | +48.6% |
| Amounts payable within one year | 42/48 | €75,345 | €54,184 | -€21,161 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,628 | +€7,628 | |
| Trade debts | 44 | €5,984 | €7,038 | +€1,054 | +17.6% |
| Suppliers | 440/4 | €5,984 | €7,038 | +€1,054 | +17.6% |
| Taxes, remuneration and social security | 45 | €15,333 | €19,091 | +€3,758 | +24.5% |
| Taxes | 450/3 | €15,333 | €19,091 | +€3,758 | +24.5% |
| Other amounts payable | 47/48 | €54,028 | €20,427 | -€33,601 | -62.2% |
| Accrued charges and deferred income | 492/3 | €725 | €2,636 | +€1,910 | +263% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,940 | €41,607 | +€3,668 | +9.7% |
| Other operating charges | 640/8 | €18,431 | €12,464 | -€5,967 | -32.4% |
| Gross operating margin | 9900 | €84,879 | €87,694 | +€2,815 | +3.3% |
| Operating profit (loss) | 9901 | €28,509 | €33,623 | +€5,114 | +17.9% |
| Financial income | 75/76B | €966 | €187 | -€780 | -80.7% |
| Recurring financial income | 75 | €966 | €187 | -€780 | -80.7% |
| Financial charges | 65/66B | €5,329 | €5,823 | +€493 | +9.3% |
| Recurring financial charges | 65 | €5,329 | €5,823 | +€493 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €24,146 | €27,987 | +€3,841 | +15.9% |
| Income taxes | 67/77 | €6,073 | €8,400 | +€2,328 | +38.3% |
| Profit (loss) for the period | 9904 | €18,073 | €19,587 | +€1,513 | +8.4% |
| Transfer to tax-exempt reserves | 689 | €5,000 | - | -€5,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,073 | €19,587 | +€6,513 | +49.8% |
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 19 October 2026 via checked.be.