NEW DANISH: 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.
NEW DANISH
Largest movements
- Receivables within one year +€27,657
up €27,657 (+637%), from €4,343 to €32,000
of which Trade receivables: +€32,000
- Stocks and contracts -€9,857
down €9,857 (-14.3%), from €69,054 to €59,197
- Deferred charges and accrued income +€4,088
up €4,088 (+2,566%), from €159 to €4,248
- Tangible fixed assets -€2,753
down €2,753 (-47.8%), from €5,756 to €3,003
- Other debts +€14,070
up €14,070 (+1,858%), from €757 to €14,827
- Tax, wage and social debts +€12,657
up €12,657 (+177%), from €7,143 to €19,800
of which Taxes: +€12,598
- Profit (loss) carried forward -€5,770
down €5,770 (-29.6%), from €19,474 to €13,704
- Trade debts -€2,264
down €2,264 (-20.6%), from €11,014 to €8,749
- Other operating charges +€8,102
up €8,102 (+592%), from €1,369 to €9,471
- Gross operating margin -€3,234
down €3,234 (-10.5%), from €30,848 to €27,614
- Taxes +€1,598
up €1,598 (+33.6%), from €4,763 to €6,362
- Staff costs -€1,085
down €1,085 (-9.1%), from €11,947 to €10,861
- Financial charges +€454
up €454 (+12.9%), from €3,517 to €3,971
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 | €99,431 | €118,123 | +€18,692 | +18.8% |
| Fixed assets | 21/28 | €5,756 | €3,003 | -€2,753 | -47.8% |
| Tangible fixed assets | 22/27 | €5,756 | €3,003 | -€2,753 | -47.8% |
| Furniture and vehicles | 24 | €5,756 | €3,003 | -€2,753 | -47.8% |
| Current assets | 29/58 | €93,675 | €115,120 | +€21,445 | +22.9% |
| Stocks and contracts in progress | 3 | €69,054 | €59,197 | -€9,857 | -14.3% |
| Stocks | 30/36 | €69,054 | €59,197 | -€9,857 | -14.3% |
| Amounts receivable within one year | 40/41 | €4,343 | €32,000 | +€27,657 | +637% |
| Trade receivables | 40 | - | €32,000 | +€32,000 | |
| Other amounts receivable | 41 | €4,343 | - | -€4,343 | |
| Cash at bank and in hand | 54/58 | €20,118 | €19,675 | -€443 | -2.2% |
| Deferred charges and accrued income | 490/1 | €159 | €4,248 | +€4,088 | +2,566% |
| Total equity and liabilities | 10/49 | €99,431 | €118,123 | +€18,692 | +18.8% |
| Equity | 10/15 | €80,517 | €74,746 | -€5,770 | -7.2% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Contributions outside capital | 11 | €10,200 | €10,200 | = | 0.0% |
| Other | 1109/19 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €50,842 | €50,842 | = | 0.0% |
| Distributable reserves | 133 | €50,842 | €50,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,474 | €13,704 | -€5,770 | -29.6% |
| Amounts payable | 17/49 | €18,914 | €43,377 | +€24,462 | +129% |
| Amounts payable within one year | 42/48 | €18,914 | €43,377 | +€24,462 | +129% |
| Trade debts | 44 | €11,014 | €8,749 | -€2,264 | -20.6% |
| Suppliers | 440/4 | €11,014 | €8,749 | -€2,264 | -20.6% |
| Taxes, remuneration and social security | 45 | €7,143 | €19,800 | +€12,657 | +177% |
| Taxes | 450/3 | €1,561 | €14,159 | +€12,598 | +807% |
| Remuneration and social security | 454/9 | €5,583 | €5,642 | +€59 | +1.1% |
| Other amounts payable | 47/48 | €757 | €14,827 | +€14,070 | +1,858% |
| Remuneration, social security and pensions | 62 | €11,947 | €10,861 | -€1,085 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,456 | €2,753 | +€297 | +12.1% |
| Other operating charges | 640/8 | €1,369 | €9,471 | +€8,102 | +592% |
| Gross operating margin | 9900 | €30,848 | €27,614 | -€3,234 | -10.5% |
| Operating profit (loss) | 9901 | €15,076 | €4,529 | -€10,547 | -70.0% |
| Financial income | 75/76B | €2 | €33 | +€31 | +1,535% |
| Recurring financial income | 75 | €2 | €33 | +€31 | +1,535% |
| Financial charges | 65/66B | €3,517 | €3,971 | +€454 | +12.9% |
| Recurring financial charges | 65 | €3,517 | €3,971 | +€454 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €11,561 | €591 | -€10,970 | -94.9% |
| Income taxes | 67/77 | €4,763 | €6,362 | +€1,598 | +33.6% |
| Profit (loss) for the period | 9904 | €6,798 | -€5,770 | -€12,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,798 | -€5,770 | -€12,568 |
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 26 October 2026 via checked.be.