J DENIS MANAGEMENT: 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.
J DENIS MANAGEMENT
Largest movements
- Receivables after one year +€230,000
up €230,000 (+230%), from €100,000 to €330,000
- Cash +€40,148
up €40,148 (+7.4%), from €543,817 to €583,965
mainly Net result for the year (+€393,331) and Tax, wage and social debts (+€78,272)
- Reserves +€193,331
up €193,331 (+30.1%), from €641,471 to €834,802
- Tax, wage and social debts +€78,272
up €78,272 (+298%), from €26,267 to €104,539
- Gross operating margin +€416,094
up €416,094 (+403%), from €103,173 to €519,267
- Financial income -€144,000
down €144,000 (-100%), from €144,000 to €0
- Taxes +€104,362
up €104,362 (+506%), from €20,638 to €125,000
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 | €672,739 | €945,948 | +€273,210 | +40.6% |
| Fixed assets | 21/28 | €18,000 | €18,674 | +€674 | +3.7% |
| Tangible fixed assets | 22/27 | - | €674 | +€674 | |
| Plant, machinery and equipment | 23 | - | €674 | +€674 | |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €654,739 | €927,275 | +€272,536 | +41.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €330,000 | +€230,000 | +230% |
| Other amounts receivable | 291 | €100,000 | €330,000 | +€230,000 | +230% |
| Amounts receivable within one year | 40/41 | €10,890 | €13,310 | +€2,420 | +22.2% |
| Trade receivables | 40 | €10,890 | €13,310 | +€2,420 | +22.2% |
| Cash at bank and in hand | 54/58 | €543,817 | €583,965 | +€40,148 | +7.4% |
| Deferred charges and accrued income | 490/1 | €32 | €0 | -€32 | -100% |
| Total equity and liabilities | 10/49 | €672,739 | €945,948 | +€273,210 | +40.6% |
| Equity | 10/15 | €646,471 | €839,802 | +€193,331 | +29.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €641,471 | €834,802 | +€193,331 | +30.1% |
| Distributable reserves | 133 | €641,471 | €834,802 | +€193,331 | +30.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €26,267 | €106,146 | +€79,879 | +304% |
| Amounts payable within one year | 42/48 | €26,267 | €106,146 | +€79,879 | +304% |
| Trade debts | 44 | €0 | €1,607 | +€1,607 | |
| Suppliers | 440/4 | €0 | €1,607 | +€1,607 | |
| Taxes, remuneration and social security | 45 | €26,267 | €104,539 | +€78,272 | +298% |
| Taxes | 450/3 | €26,267 | €104,539 | +€78,272 | +298% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €235 | +€235 | |
| Other operating charges | 640/8 | €603 | €570 | -€33 | -5.5% |
| Gross operating margin | 9900 | €103,173 | €519,267 | +€416,094 | +403% |
| Operating profit (loss) | 9901 | €102,570 | €518,462 | +€415,892 | +405% |
| Financial income | 75/76B | €144,000 | €0 | -€144,000 | -100% |
| Recurring financial income | 75 | €144,000 | €0 | -€144,000 | -100% |
| Financial charges | 65/66B | €111 | €131 | +€20 | +18.2% |
| Recurring financial charges | 65 | €111 | €131 | +€20 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €246,459 | €518,331 | +€271,872 | +110% |
| Income taxes | 67/77 | €20,638 | €125,000 | +€104,362 | +506% |
| Profit (loss) for the period | 9904 | €225,821 | €393,331 | +€167,510 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €225,821 | €393,331 | +€167,510 | +74.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.