Olivier DENIS: what changed
What changed
Olivier DENIS
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€37,617
2024 · €29,432+€8,185
Equity
€289,711
2024 · €252,382+€37,329
Cash
€184,688
2024 · €218,198-€33,510
Balance sheet total
€339,599
2024 · €363,862-€24,263
Largest movements
Assets
- Cash -€33,510
down €33,510 (-15.4%), from €218,198 to €184,688
mainly Other debts (-€71,516) and Investment in fixed assets (net) (-€55,928)
- Tangible fixed assets +€25,642
up €25,642 (+54.4%), from €47,107 to €72,749
of which Furniture and vehicles: +€38,092
- Receivables within one year -€15,645
down €15,645 (-47.0%), from €33,272 to €17,627
of which Trade receivables: -€11,620
Equity and liabilities
- Other debts -€71,516
down €71,516 (-79.8%), from €89,660 to €18,144
- Reserves +€37,613
up €37,613 (+16.3%), from €230,603 to €268,217
of which Distributable reserves: +€38,265
- Trade debts +€5,120
up €5,120 (+87.2%), from €5,872 to €10,992
- Accrued charges and deferred income +€3,799
up €3,799 (+104%), from €3,666 to €7,465
Income statement
- Gross operating margin +€12,538
up €12,538 (+10.3%), from €121,642 to €134,180
- Taxes +€2,458
up €2,458 (+24.9%), from €9,855 to €12,313
- Financial charges +€1,398
up €1,398 (+55.6%), from €2,516 to €3,914
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
€29,432
Gross operating margin
+€12,538
Staff costs
+€912
Depreciation
-€1,134
Other operating charges
-€475
Financial income
+€199
Financial charges
-€1,398
Taxes
-€2,458
Result 2025
€37,617
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
+€22,949
Investment
-€56,171
Financing
-€288
Cash 2024
€218,198
From operations (derived)
+€22,949
Net result for the year
+€37,617
Depreciation
+€30,285
Receivables within one year
+€15,645
Deferred charges and accrued income
+€994
Provisions
-€336
Trade debts
+€5,120
Tax, wage and social debts
+€1,341
Other debts
-€71,516
Accrued charges and deferred income
+€3,799
Investment (derived)
-€56,171
Investment in fixed assets (net)
-€55,928
Current investments
-€243
Financing
-€288
Contributions, distributions and other
-€288
Cash 2025
€184,688
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,862 | €339,599 | -€24,263 | -6.7% |
| Fixed assets | 21/28 | €47,107 | €72,749 | +€25,642 | +54.4% |
| Tangible fixed assets | 22/27 | €47,107 | €72,749 | +€25,642 | +54.4% |
| Land and buildings | 22 | €18,966 | €12,355 | -€6,611 | -34.9% |
| Plant, machinery and equipment | 23 | €17,450 | €11,611 | -€5,839 | -33.5% |
| Furniture and vehicles | 24 | €10,691 | €48,783 | +€38,092 | +356% |
| Current assets | 29/58 | €316,756 | €266,851 | -€49,905 | -15.8% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,272 | €17,627 | -€15,645 | -47.0% |
| Trade receivables | 40 | €17,625 | €6,005 | -€11,620 | -65.9% |
| Other amounts receivable | 41 | €15,648 | €11,622 | -€4,025 | -25.7% |
| Current investments | 50/53 | €60,299 | €60,542 | +€243 | +0.4% |
| Cash at bank and in hand | 54/58 | €218,198 | €184,688 | -€33,510 | -15.4% |
| Deferred charges and accrued income | 490/1 | €2,987 | €1,993 | -€994 | -33.3% |
| Total equity and liabilities | 10/49 | €363,862 | €339,599 | -€24,263 | -6.7% |
| Equity | 10/15 | €252,382 | €289,711 | +€37,329 | +14.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €230,603 | €268,217 | +€37,613 | +16.3% |
| Tax-exempt reserves | 132 | €1,953 | €1,302 | -€652 | -33.4% |
| Distributable reserves | 133 | €228,650 | €266,915 | +€38,265 | +16.7% |
| Profit (loss) carried forward | 14 | €456 | €459 | +€3 | +0.8% |
| Investment grants | 15 | €863 | €575 | -€288 | -33.3% |
| Provisions and deferred taxes | 16 | €1,008 | €672 | -€336 | -33.3% |
| Deferred taxes | 168 | €1,008 | €672 | -€336 | -33.3% |
| Amounts payable | 17/49 | €110,472 | €49,216 | -€61,257 | -55.4% |
| Amounts payable within one year | 42/48 | €106,806 | €41,750 | -€65,056 | -60.9% |
| Trade debts | 44 | €5,872 | €10,992 | +€5,120 | +87.2% |
| Suppliers | 440/4 | €5,872 | €10,992 | +€5,120 | +87.2% |
| Taxes, remuneration and social security | 45 | €11,274 | €12,615 | +€1,341 | +11.9% |
| Taxes | 450/3 | €5,968 | €7,575 | +€1,608 | +26.9% |
| Remuneration and social security | 454/9 | €5,307 | €5,040 | -€267 | -5.0% |
| Other amounts payable | 47/48 | €89,660 | €18,144 | -€71,516 | -79.8% |
| Accrued charges and deferred income | 492/3 | €3,666 | €7,465 | +€3,799 | +104% |
| Remuneration, social security and pensions | 62 | €49,118 | €48,206 | -€912 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,152 | €30,285 | +€1,134 | +3.9% |
| Other operating charges | 640/8 | €2,460 | €2,935 | +€475 | +19.3% |
| Gross operating margin | 9900 | €121,642 | €134,180 | +€12,538 | +10.3% |
| Operating profit (loss) | 9901 | €40,912 | €52,754 | +€11,841 | +28.9% |
| Financial income | 75/76B | €555 | €754 | +€199 | +35.9% |
| Recurring financial income | 75 | €555 | €754 | +€199 | +35.9% |
| Financial charges | 65/66B | €2,516 | €3,914 | +€1,398 | +55.6% |
| Recurring financial charges | 65 | €2,516 | €3,914 | +€1,398 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €38,952 | €49,594 | +€10,643 | +27.3% |
| Transfer from deferred taxes | 780 | €336 | €336 | = | 0.0% |
| Income taxes | 67/77 | €9,855 | €12,313 | +€2,458 | +24.9% |
| Profit (loss) for the period | 9904 | €29,432 | €37,617 | +€8,185 | +27.8% |
| Transfer from tax-exempt reserves | 789 | €652 | €652 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,083 | €38,268 | +€8,185 | +27.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.