DENZZO Brussels: 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.
DENZZO Brussels
Largest movements
- Receivables within one year -€117,592
down €117,592 (-57.4%), from €204,903 to €87,311
of which Other amounts receivable: -€123,892
- Intangible fixed assets +€7,485
up €7,485 (+50.6%), from €14,783 to €22,268
- Cash -€4,913
down €4,913 (-30.6%), from €16,057 to €11,144
mainly Contributions, distributions and other (-€116,500) and Investment in fixed assets (net) (-€96,558)
- Investment grants -€116,500
down €116,500 (-57.5%), from €202,500 to €86,000
- Accrued charges and deferred income -€16,961
down €16,961 (-93.7%), from €18,094 to €1,133
- Debts after one year +€13,982
up €13,982 (+37.6%), from €37,217 to €51,199
- Trade debts -€8,385
down €8,385 (-82.9%), from €10,110 to €1,725
- Profit (loss) carried forward +€7,973
up €7,973 (+8.6%), from -€93,107 to -€85,134
- Gross operating margin +€108,134
up €108,134, from -€8,169 to €99,965
- Depreciation +€89,073
new in 2024: €89,073
- Other operating charges -€1,708
down €1,708 (-65.0%), from €2,628 to €920
- Taxes -€1,522
no longer reported in 2024 (was €1,522)
- Financial charges +€1,415
up €1,415 (+242%), from €585 to €2,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,779 | €120,923 | -€116,856 | -49.1% |
| Fixed assets | 21/28 | €14,983 | €22,468 | +€7,485 | +50.0% |
| Intangible fixed assets | 21 | €14,783 | €22,268 | +€7,485 | +50.6% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €222,796 | €98,455 | -€124,341 | -55.8% |
| Amounts receivable within one year | 40/41 | €204,903 | €87,311 | -€117,592 | -57.4% |
| Trade receivables | 40 | - | €6,300 | +€6,300 | |
| Other amounts receivable | 41 | €204,903 | €81,011 | -€123,892 | -60.5% |
| Cash at bank and in hand | 54/58 | €16,057 | €11,144 | -€4,913 | -30.6% |
| Deferred charges and accrued income | 490/1 | €1,836 | - | -€1,836 | |
| Total equity and liabilities | 10/49 | €237,779 | €120,923 | -€116,856 | -49.1% |
| Equity | 10/15 | €169,393 | €60,866 | -€108,527 | -64.1% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,107 | -€85,134 | +€7,973 | +8.6% |
| Investment grants | 15 | €202,500 | €86,000 | -€116,500 | -57.5% |
| Amounts payable | 17/49 | €68,386 | €60,057 | -€8,329 | -12.2% |
| Amounts payable after more than one year | 17 | €37,217 | €51,199 | +€13,982 | +37.6% |
| Financial debts | 170/4 | €37,217 | €51,199 | +€13,982 | +37.6% |
| Amounts payable within one year | 42/48 | €13,075 | €7,725 | -€5,350 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €2,965 | €6,000 | +€3,035 | +102% |
| Trade debts | 44 | €10,110 | €1,725 | -€8,385 | -82.9% |
| Suppliers | 440/4 | €10,110 | €1,725 | -€8,385 | -82.9% |
| Accrued charges and deferred income | 492/3 | €18,094 | €1,133 | -€16,961 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €89,073 | +€89,073 | |
| Other operating charges | 640/8 | €2,628 | €920 | -€1,708 | -65.0% |
| Gross operating margin | 9900 | -€8,169 | €99,965 | +€108,134 | |
| Operating profit (loss) | 9901 | -€10,797 | €9,973 | +€20,770 | |
| Financial income | 75/76B | €59 | - | -€59 | |
| Recurring financial income | 75 | €59 | - | -€59 | |
| Financial charges | 65/66B | €585 | €2,000 | +€1,415 | +242% |
| Recurring financial charges | 65 | €585 | €2,000 | +€1,415 | +242% |
| Profit (loss) for the period before taxes | 9903 | -€11,323 | €7,973 | +€19,296 | |
| Income taxes | 67/77 | €1,522 | - | -€1,522 | |
| Profit (loss) for the period | 9904 | -€12,845 | €7,973 | +€20,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,845 | €7,973 | +€20,818 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.