DENZ Group: 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.
DENZ Group
Largest movements
- Receivables within one year +€24,000
up €24,000 (+474%), from €5,064 to €29,064
of which Trade receivables: +€22,142
- Cash -€19,747
down €19,747 (-88.4%), from €22,334 to €2,586
mainly Receivables within one year (-€24,000) and Trade debts (-€9,823)
- Tangible fixed assets -€1,856
down €1,856 (-30.9%), from €6,006 to €4,150
- Trade debts -€9,823
down €9,823 (-95.3%), from €10,308 to €486
- Reserves +€8,777
up €8,777 (+116%), from €7,572 to €16,349
- Tax, wage and social debts +€3,862
up €3,862 (+42.4%), from €9,104 to €12,966
of which Taxes: +€7,211
- Other debts -€419
no longer reported in 2025 (was €419)
- Gross operating margin +€2,338
up €2,338 (+12.8%), from €18,206 to €20,544
- Taxes +€1,306
up €1,306 (+42.9%), from €3,041 to €4,347
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 | €33,404 | €35,801 | +€2,396 | +7.2% |
| Fixed assets | 21/28 | €6,006 | €4,150 | -€1,856 | -30.9% |
| Tangible fixed assets | 22/27 | €6,006 | €4,150 | -€1,856 | -30.9% |
| Plant, machinery and equipment | 23 | €6,006 | €4,150 | -€1,856 | -30.9% |
| Current assets | 29/58 | €27,398 | €31,650 | +€4,253 | +15.5% |
| Amounts receivable within one year | 40/41 | €5,064 | €29,064 | +€24,000 | +474% |
| Trade receivables | 40 | €5,012 | €27,153 | +€22,142 | +442% |
| Other amounts receivable | 41 | €53 | €1,911 | +€1,858 | +3,519% |
| Cash at bank and in hand | 54/58 | €22,334 | €2,586 | -€19,747 | -88.4% |
| Total equity and liabilities | 10/49 | €33,404 | €35,801 | +€2,396 | +7.2% |
| Equity | 10/15 | €13,572 | €22,349 | +€8,777 | +64.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €7,572 | €16,349 | +€8,777 | +116% |
| Distributable reserves | 133 | €7,572 | €16,349 | +€8,777 | +116% |
| Amounts payable | 17/49 | €19,832 | €13,452 | -€6,380 | -32.2% |
| Amounts payable within one year | 42/48 | €19,832 | €13,452 | -€6,380 | -32.2% |
| Trade debts | 44 | €10,308 | €486 | -€9,823 | -95.3% |
| Suppliers | 440/4 | €10,308 | €486 | -€9,823 | -95.3% |
| Taxes, remuneration and social security | 45 | €9,104 | €12,966 | +€3,862 | +42.4% |
| Taxes | 450/3 | €5,755 | €12,966 | +€7,211 | +125% |
| Remuneration and social security | 454/9 | €3,349 | - | -€3,349 | |
| Other amounts payable | 47/48 | €419 | - | -€419 | |
| Remuneration, social security and pensions | 62 | €1,061 | €860 | -€201 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,848 | €1,856 | +€8 | +0.4% |
| Other operating charges | 640/8 | €1,568 | €1,510 | -€58 | -3.7% |
| Gross operating margin | 9900 | €18,206 | €20,544 | +€2,338 | +12.8% |
| Operating profit (loss) | 9901 | €13,729 | €16,319 | +€2,590 | +18.9% |
| Financial income | 75/76B | - | €71 | +€71 | |
| Recurring financial income | 75 | - | €71 | +€71 | |
| Financial charges | 65/66B | €3,115 | €3,267 | +€151 | +4.9% |
| Recurring financial charges | 65 | €3,115 | €3,267 | +€151 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €10,614 | €13,123 | +€2,510 | +23.6% |
| Income taxes | 67/77 | €3,041 | €4,347 | +€1,306 | +42.9% |
| Profit (loss) for the period | 9904 | €7,572 | €8,777 | +€1,204 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,572 | €8,777 | +€1,204 | +15.9% |
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 25 October 2026 via checked.be.