GROEP DENKENS: 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.
What changed
GROEP DENKENS
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€171,975
2024 · €188,401-€16,426
Equity
€1.9m
2024 · €1.7m+€126,975
Cash
€79,587
2024 · €22,232+€57,356
Balance sheet total
€2.7m
2024 · €2.6m+€50,286
Largest movements
Assets
- Cash +€57,356
up €57,356 (+258%), from €22,232 to €79,587
mainly Net result for the year (+€171,975) and Other debts (+€44,915)
Equity and liabilities
- Debts after one year -€153,251
down €153,251 (-25.1%), from €610,623 to €457,372
- Reserves +€110,260
up €110,260 (+119%), from €92,504 to €202,764
of which Distributable reserves: +€85,000
- Other debts +€44,915
up €44,915 (+53,091%), from €85 to €45,000
Income statement
- Staff costs +€33,471
up €33,471 (+75.0%), from €44,617 to €78,088
- Depreciation -€16,679
down €16,679 (-94.7%), from €17,606 to €927
- Gross operating margin -€7,567
down €7,567 (-2.3%), from €326,880 to €319,313
- Taxes -€5,515
down €5,515 (-8.5%), from €64,985 to €59,470
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.
Result 2024
€188,401
Gross operating margin
-€7,567
Staff costs
-€33,471
Depreciation
+€16,679
Other operating charges
-€5
Financial income
-€234
Financial charges
+€2,656
Taxes
+€5,515
Result 2025
€171,975
raises the resultlowers the result
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.
From operations
+€260,449
Investment
+€471
Financing
-€203,564
Cash 2024
€22,232
From operations (derived)
+€260,449
Net result for the year
+€171,975
Depreciation
+€927
Receivables within one year
-€1,537
Deferred charges and accrued income
+€7,208
Trade debts
+€17,225
Tax, wage and social debts
+€6,811
Other debts
+€44,915
Accrued charges and deferred income
+€12,923
Investment (derived)
+€471
Investment in fixed assets (net)
+€471
Financing
-€203,564
Debts after one year
-€153,251
Current portion of long-term debt
-€5,313
Contributions, distributions and other
-€45,000
Cash 2025
€79,587
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,603,294 | €2,653,580 | +€50,286 | +1.9% |
| Fixed assets | 21/28 | €2,507,812 | €2,506,414 | -€1,398 | -0.1% |
| Intangible fixed assets | 21 | €2,499,489 | €2,499,489 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,452 | €525 | -€927 | -63.8% |
| Plant, machinery and equipment | 23 | €1,452 | €525 | -€927 | -63.8% |
| Financial fixed assets | 28 | €6,871 | €6,400 | -€471 | -6.9% |
| Current assets | 29/58 | €95,482 | €147,166 | +€51,684 | +54.1% |
| Amounts receivable within one year | 40/41 | €63,829 | €65,366 | +€1,537 | +2.4% |
| Trade receivables | 40 | €58,068 | €61,057 | +€2,989 | +5.1% |
| Other amounts receivable | 41 | €5,761 | €4,309 | -€1,452 | -25.2% |
| Cash at bank and in hand | 54/58 | €22,232 | €79,587 | +€57,356 | +258% |
| Deferred charges and accrued income | 490/1 | €9,422 | €2,213 | -€7,208 | -76.5% |
| Total equity and liabilities | 10/49 | €2,603,294 | €2,653,580 | +€50,286 | +1.9% |
| Equity | 10/15 | €1,728,795 | €1,855,770 | +€126,975 | +7.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,590,000 | €1,590,000 | = | 0.0% |
| Reserves | 13 | €92,504 | €202,764 | +€110,260 | +119% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,304 | €111,564 | +€25,260 | +29.3% |
| Distributable reserves | 133 | - | €85,000 | +€85,000 | |
| Profit (loss) carried forward | 14 | -€15,709 | €1,006 | +€16,715 | |
| Amounts payable | 17/49 | €874,499 | €797,810 | -€76,689 | -8.8% |
| Amounts payable after more than one year | 17 | €610,623 | €457,372 | -€153,251 | -25.1% |
| Financial debts | 170/4 | €610,623 | €457,372 | -€153,251 | -25.1% |
| Amounts payable within one year | 42/48 | €223,359 | €286,998 | +€63,639 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €173,776 | €168,463 | -€5,313 | -3.1% |
| Trade debts | 44 | €39,255 | €56,480 | +€17,225 | +43.9% |
| Suppliers | 440/4 | €39,255 | €56,480 | +€17,225 | +43.9% |
| Taxes, remuneration and social security | 45 | €10,244 | €17,055 | +€6,811 | +66.5% |
| Taxes | 450/3 | €5,640 | €12,336 | +€6,696 | +119% |
| Remuneration and social security | 454/9 | €4,604 | €4,719 | +€115 | +2.5% |
| Other amounts payable | 47/48 | €85 | €45,000 | +€44,915 | +53,091% |
| Accrued charges and deferred income | 492/3 | €40,517 | €53,440 | +€12,923 | +31.9% |
| Remuneration, social security and pensions | 62 | €44,617 | €78,088 | +€33,471 | +75.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,606 | €927 | -€16,679 | -94.7% |
| Other operating charges | 640/8 | €203 | €208 | +€5 | +2.3% |
| Gross operating margin | 9900 | €326,880 | €319,313 | -€7,567 | -2.3% |
| Operating profit (loss) | 9901 | €264,454 | €240,091 | -€24,364 | -9.2% |
| Financial income | 75/76B | €2,023 | €1,789 | -€234 | -11.6% |
| Recurring financial income | 75 | €2,023 | €1,789 | -€234 | -11.6% |
| Financial charges | 65/66B | €13,091 | €10,435 | -€2,656 | -20.3% |
| Recurring financial charges | 65 | €13,091 | €10,435 | -€2,656 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €253,386 | €231,445 | -€21,941 | -8.7% |
| Income taxes | 67/77 | €64,985 | €59,470 | -€5,515 | -8.5% |
| Profit (loss) for the period | 9904 | €188,401 | €171,975 | -€16,426 | -8.7% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €25,260 | -€37,890 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €125,251 | €146,715 | +€21,464 | +17.1% |
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 24 October 2026 via checked.be.