F & H DENAEYER: what changed
What changed
F & H DENAEYER
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€8,802
2024 · €100,122-€91,320
Equity
€501,760
2024 · €532,958-€31,198
Cash
€6,632
2024 · €14,692-€8,061
Balance sheet total
€543,507
2024 · €588,428-€44,921
Largest movements
Assets
- Current investments -€30,808
down €30,808 (-8.6%), from €358,600 to €327,793
- Cash -€8,061
down €8,061 (-54.9%), from €14,692 to €6,632
mainly Investment in fixed assets (net) (-€42,757) and Contributions, distributions and other (-€40,000)
- Deferred charges and accrued income -€7,205
down €7,205 (-50.0%), from €14,413 to €7,208
Equity and liabilities
- Profit (loss) carried forward -€40,000
down €40,000 (-34.1%), from €117,376 to €77,376
- Tax, wage and social debts -€17,777
down €17,777 (-99.5%), from €17,862 to €85
- Reserves +€8,802
up €8,802 (+2.2%), from €396,982 to €405,784
Income statement
- Gross operating margin -€120,781
down €120,781 (-69.1%), from €174,714 to €53,932
- Taxes -€36,920
down €36,920 (-87.2%), from €42,351 to €5,431
- Depreciation +€8,560
up €8,560 (+25.9%), from €33,034 to €41,594
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€100,122
Gross operating margin
-€120,781
Staff costs
+€1,534
Depreciation
-€8,560
Other operating charges
-€815
Financial income
+€441
Financial charges
-€58
Taxes
+€36,920
Result 2025
€8,802
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,888
Investment
-€11,949
Financing
-€40,000
Cash 2024
€14,692
From operations (derived)
+€43,888
Net result for the year
+€8,802
Depreciation
+€41,594
Receivables within one year
+€11
Deferred charges and accrued income
+€7,205
Trade debts
+€1,153
Tax, wage and social debts
-€17,777
Other debts
+€2,775
Accrued charges and deferred income
+€126
Investment (derived)
-€11,949
Investment in fixed assets (net)
-€42,757
Current investments
+€30,808
Financing
-€40,000
Contributions, distributions and other
-€40,000
Cash 2025
€6,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €588,428 | €543,507 | -€44,921 | -7.6% |
| Fixed assets | 21/28 | €175,399 | €176,562 | +€1,163 | +0.7% |
| Tangible fixed assets | 22/27 | €175,399 | €176,562 | +€1,163 | +0.7% |
| Land and buildings | 22 | €132,079 | €117,179 | -€14,900 | -11.3% |
| Plant, machinery and equipment | 23 | €4,900 | €8,643 | +€3,743 | +76.4% |
| Furniture and vehicles | 24 | €38,420 | €50,740 | +€12,320 | +32.1% |
| Current assets | 29/58 | €413,029 | €366,945 | -€46,084 | -11.2% |
| Amounts receivable within one year | 40/41 | €25,324 | €25,313 | -€11 | 0.0% |
| Trade receivables | 40 | €22,356 | €2,153 | -€20,203 | -90.4% |
| Other amounts receivable | 41 | €2,968 | €23,160 | +€20,192 | +680% |
| Current investments | 50/53 | €358,600 | €327,793 | -€30,808 | -8.6% |
| Cash at bank and in hand | 54/58 | €14,692 | €6,632 | -€8,061 | -54.9% |
| Deferred charges and accrued income | 490/1 | €14,413 | €7,208 | -€7,205 | -50.0% |
| Total equity and liabilities | 10/49 | €588,428 | €543,507 | -€44,921 | -7.6% |
| Equity | 10/15 | €532,958 | €501,760 | -€31,198 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,982 | €405,784 | +€8,802 | +2.2% |
| Distributable reserves | 133 | €396,982 | €405,784 | +€8,802 | +2.2% |
| Profit (loss) carried forward | 14 | €117,376 | €77,376 | -€40,000 | -34.1% |
| Amounts payable | 17/49 | €55,470 | €41,747 | -€13,724 | -24.7% |
| Amounts payable within one year | 42/48 | €55,470 | €41,621 | -€13,849 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €49 | €1,202 | +€1,153 | +2,349% |
| Suppliers | 440/4 | €49 | €1,202 | +€1,153 | +2,349% |
| Taxes, remuneration and social security | 45 | €17,862 | €85 | -€17,777 | -99.5% |
| Taxes | 450/3 | €17,862 | €85 | -€17,777 | -99.5% |
| Other amounts payable | 47/48 | €37,559 | €40,335 | +€2,775 | +7.4% |
| Accrued charges and deferred income | 492/3 | - | €126 | +€126 | |
| Non-recurring operating income | 76A | - | €83 | +€83 | |
| Remuneration, social security and pensions | 62 | €2,324 | €790 | -€1,534 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,034 | €41,594 | +€8,560 | +25.9% |
| Other operating charges | 640/8 | €1,002 | €1,817 | +€815 | +81.4% |
| Gross operating margin | 9900 | €174,714 | €53,932 | -€120,781 | -69.1% |
| Operating profit (loss) | 9901 | €138,353 | €9,731 | -€128,622 | -93.0% |
| Financial income | 75/76B | €4,255 | €4,695 | +€441 | +10.4% |
| Recurring financial income | 75 | €4,255 | €4,695 | +€441 | +10.4% |
| Financial charges | 65/66B | €135 | €193 | +€58 | +43.4% |
| Recurring financial charges | 65 | €135 | €193 | +€58 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €142,473 | €14,234 | -€128,239 | -90.0% |
| Income taxes | 67/77 | €42,351 | €5,431 | -€36,920 | -87.2% |
| Profit (loss) for the period | 9904 | €100,122 | €8,802 | -€91,320 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €100,122 | €8,802 | -€91,320 | -91.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.