ROY DENIE: 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.
ROY DENIE
Largest movements
- Tangible fixed assets -€12,755
down €12,755 (-29.4%), from €43,317 to €30,562
of which Leasing and similar rights: -€12,507
- Receivables within one year +€3,875
up €3,875 (+79.1%), from €4,902 to €8,776
of which Trade receivables: +€4,410
- Cash +€1,752
up €1,752 (+545%), from €322 to €2,073
mainly Depreciation (+€12,755) and Net result for the year (+€10,709)
- Debts after one year -€11,059
down €11,059 (-41.6%), from €26,614 to €15,555
- Profit (loss) carried forward +€10,709
up €10,709 (+83.5%), from -€12,818 to -€2,109
- Tax, wage and social debts -€10,378
down €10,378 (-100%), from €10,378 to €0
- Other debts +€3,619
up €3,619 (+34.2%), from €10,592 to €14,211
- Trade debts -€565
down €565 (-22.5%), from €2,516 to €1,951
- Gross operating margin +€38,067
up €38,067, from -€11,474 to €26,593
- Financial charges +€565
up €565 (+22.7%), from €2,489 to €3,054
- Other operating charges -€443
down €443 (-78.7%), from €563 to €120
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 | €48,846 | €41,667 | -€7,179 | -14.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €43,317 | €30,562 | -€12,755 | -29.4% |
| Tangible fixed assets | 22/27 | €43,317 | €30,562 | -€12,755 | -29.4% |
| Plant, machinery and equipment | 23 | €932 | €683 | -€248 | -26.7% |
| Leasing and similar rights | 25 | €42,386 | €29,879 | -€12,507 | -29.5% |
| Current assets | 29/58 | €5,529 | €11,105 | +€5,576 | +101% |
| Amounts receivable within one year | 40/41 | €4,902 | €8,776 | +€3,875 | +79.1% |
| Trade receivables | 40 | €4,073 | €8,483 | +€4,410 | +108% |
| Other amounts receivable | 41 | €829 | €294 | -€535 | -64.6% |
| Cash at bank and in hand | 54/58 | €322 | €2,073 | +€1,752 | +545% |
| Deferred charges and accrued income | 490/1 | €306 | €256 | -€50 | -16.5% |
| Total equity and liabilities | 10/49 | €48,846 | €41,667 | -€7,179 | -14.7% |
| Equity | 10/15 | -€11,818 | -€1,109 | +€10,709 | +90.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€12,818 | -€2,109 | +€10,709 | +83.5% |
| Amounts payable | 17/49 | €60,664 | €42,776 | -€17,888 | -29.5% |
| Amounts payable after more than one year | 17 | €26,614 | €15,555 | -€11,059 | -41.6% |
| Financial debts | 170/4 | €26,614 | €15,555 | -€11,059 | -41.6% |
| Amounts payable within one year | 42/48 | €34,050 | €27,221 | -€6,829 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €10,564 | €11,059 | +€495 | +4.7% |
| Trade debts | 44 | €2,516 | €1,951 | -€565 | -22.5% |
| Suppliers | 440/4 | €2,516 | €1,951 | -€565 | -22.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,378 | €0 | -€10,378 | -100% |
| Taxes | 450/3 | €10,378 | €0 | -€10,378 | -100% |
| Other amounts payable | 47/48 | €10,592 | €14,211 | +€3,619 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,883 | €12,755 | -€128 | -1.0% |
| Other operating charges | 640/8 | €563 | €120 | -€443 | -78.7% |
| Gross operating margin | 9900 | -€11,474 | €26,593 | +€38,067 | |
| Operating profit (loss) | 9901 | -€24,920 | €13,718 | +€38,638 | |
| Financial income | 75/76B | €62 | €46 | -€17 | -26.9% |
| Recurring financial income | 75 | €62 | €46 | -€17 | -26.9% |
| Financial charges | 65/66B | €2,489 | €3,054 | +€565 | +22.7% |
| Recurring financial charges | 65 | €2,489 | €3,054 | +€565 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,347 | €10,709 | +€38,056 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€27,347 | €10,709 | +€38,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,347 | €10,709 | +€38,056 |
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.