Etablissements Denutte: 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.
Etablissements Denutte
Largest movements
- Cash -€89,458
down €89,458 (-84.8%), from €105,553 to €16,095
mainly Investment in fixed assets (net) (-€65,290) and Stocks and contracts (-€33,355)
- Tangible fixed assets +€58,376
up €58,376 (+190%), from €30,728 to €89,104
- Stocks and contracts +€33,355
up €33,355 (+89.2%), from €37,383 to €70,738
- Receivables within one year +€9,686
up €9,686 (+311%), from €3,114 to €12,800
of which Other amounts receivable: +€7,842
- Profit (loss) carried forward +€11,308
up €11,308 (+77.7%), from €14,545 to €25,853
- Gross operating margin +€36,078
up €36,078, from -€10,201 to €25,877
- Depreciation +€6,311
up €6,311 (+1,047%), from €603 to €6,914
- Taxes +€4,710
up €4,710 (+2,519%), from €187 to €4,897
- Other operating charges +€2,252
up €2,252 (+119%), from €1,890 to €4,142
- Financial income +€892
up €892 (+143%), from €623 to €1,515
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 | €380,682 | €393,702 | +€13,020 | +3.4% |
| Fixed assets | 21/28 | €32,587 | €90,963 | +€58,376 | +179% |
| Tangible fixed assets | 22/27 | €30,728 | €89,104 | +€58,376 | +190% |
| Furniture and vehicles | 24 | €30,728 | €89,104 | +€58,376 | +190% |
| Financial fixed assets | 28 | €1,859 | €1,859 | = | 0.0% |
| Current assets | 29/58 | €348,095 | €302,739 | -€45,356 | -13.0% |
| Stocks and contracts in progress | 3 | €37,383 | €70,738 | +€33,355 | +89.2% |
| Stocks | 30/36 | €37,383 | €70,738 | +€33,355 | +89.2% |
| Amounts receivable within one year | 40/41 | €3,114 | €12,800 | +€9,686 | +311% |
| Trade receivables | 40 | €1,249 | €3,093 | +€1,844 | +148% |
| Other amounts receivable | 41 | €1,865 | €9,707 | +€7,842 | +420% |
| Current investments | 50/53 | €202,045 | €203,106 | +€1,061 | +0.5% |
| Cash at bank and in hand | 54/58 | €105,553 | €16,095 | -€89,458 | -84.8% |
| Total equity and liabilities | 10/49 | €380,682 | €393,702 | +€13,020 | +3.4% |
| Equity | 10/15 | €370,990 | €382,298 | +€11,308 | +3.0% |
| Contributions | 10/11 | €52,500 | €52,500 | = | 0.0% |
| Reserves | 13 | €303,945 | €303,945 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,695 | €2,695 | = | 0.0% |
| Other | 1319 | €2,695 | €2,695 | = | 0.0% |
| Distributable reserves | 133 | €301,250 | €301,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,545 | €25,853 | +€11,308 | +77.7% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €3,692 | €5,404 | +€1,712 | +46.4% |
| Amounts payable within one year | 42/48 | €992 | €2,704 | +€1,712 | +173% |
| Trade debts | 44 | €542 | €2,254 | +€1,712 | +316% |
| Suppliers | 440/4 | €542 | €2,254 | +€1,712 | +316% |
| Taxes, remuneration and social security | 45 | €450 | €450 | = | 0.0% |
| Taxes | 450/3 | €450 | €450 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,700 | €2,700 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €6,914 | +€6,311 | +1,047% |
| Other operating charges | 640/8 | €1,890 | €4,142 | +€2,252 | +119% |
| Gross operating margin | 9900 | -€10,201 | €25,877 | +€36,078 | |
| Operating profit (loss) | 9901 | -€12,694 | €14,821 | +€27,515 | |
| Financial income | 75/76B | €623 | €1,515 | +€892 | +143% |
| Recurring financial income | 75 | €623 | €1,515 | +€892 | +143% |
| Financial charges | 65/66B | €131 | €131 | = | 0.0% |
| Recurring financial charges | 65 | €131 | €131 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,202 | €16,205 | +€28,407 | |
| Income taxes | 67/77 | €187 | €4,897 | +€4,710 | +2,519% |
| Profit (loss) for the period | 9904 | -€12,389 | €11,308 | +€23,697 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,389 | €11,308 | +€23,697 |
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 28 October 2026 via checked.be.