SA DENAN: 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.
SA DENAN
Largest movements
- Cash +€7,537
up €7,537 (+14.8%), from €51,024 to €58,562
mainly Receivables within one year (+€7,062) and Depreciation (+€2,301)
- Receivables within one year -€7,062
down €7,062 (-10.8%), from €65,436 to €58,374
of which Trade receivables: -€4,081
- Tangible fixed assets -€2,301
down €2,301 (-7.2%), from €31,949 to €29,648
of which Land and buildings: -€1,585
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€15,556
down €15,556 (-94.9%), from €16,394 to €838
- Taxes -€3,534
down €3,534 (-95.8%), from €3,689 to €155
- Financial income -€504
down €504 (-13.7%), from €3,686 to €3,182
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 | €148,728 | €146,916 | -€1,811 | -1.2% |
| Fixed assets | 21/28 | €31,949 | €29,648 | -€2,301 | -7.2% |
| Tangible fixed assets | 22/27 | €31,949 | €29,648 | -€2,301 | -7.2% |
| Land and buildings | 22 | €30,356 | €28,771 | -€1,585 | -5.2% |
| Furniture and vehicles | 24 | €1,593 | €876 | -€717 | -45.0% |
| Current assets | 29/58 | €116,778 | €117,269 | +€490 | +0.4% |
| Amounts receivable within one year | 40/41 | €65,436 | €58,374 | -€7,062 | -10.8% |
| Trade receivables | 40 | €6,812 | €2,732 | -€4,081 | -59.9% |
| Other amounts receivable | 41 | €58,623 | €55,642 | -€2,981 | -5.1% |
| Cash at bank and in hand | 54/58 | €51,024 | €58,562 | +€7,537 | +14.8% |
| Deferred charges and accrued income | 490/1 | €318 | €333 | +€15 | +4.6% |
| Total equity and liabilities | 10/49 | €148,728 | €146,916 | -€1,811 | -1.2% |
| Equity | 10/15 | €141,979 | €142,484 | +€505 | +0.4% |
| Contributions | 10/11 | €80,987 | €80,987 | = | 0.0% |
| Capital | 10 | €80,987 | €80,987 | = | 0.0% |
| Issued capital | 100 | €80,987 | €80,987 | = | 0.0% |
| Reserves | 13 | €60,992 | €61,497 | +€505 | +0.8% |
| Non-distributable reserves | 130/1 | €8,099 | €8,099 | = | 0.0% |
| Legal reserve | 130 | €8,099 | €8,099 | = | 0.0% |
| Distributable reserves | 133 | €52,893 | €53,398 | +€505 | +1.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,749 | €4,432 | -€2,317 | -34.3% |
| Amounts payable within one year | 42/48 | €6,749 | €4,432 | -€2,317 | -34.3% |
| Trade debts | 44 | €1,608 | €212 | -€1,396 | -86.8% |
| Suppliers | 440/4 | €1,608 | €212 | -€1,396 | -86.8% |
| Taxes, remuneration and social security | 45 | €5,140 | €4,220 | -€920 | -17.9% |
| Taxes | 450/3 | €5,140 | €4,220 | -€920 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,142 | €2,301 | +€159 | +7.4% |
| Other operating charges | 640/8 | €1,009 | €896 | -€113 | -11.2% |
| Gross operating margin | 9900 | €16,394 | €838 | -€15,556 | -94.9% |
| Operating profit (loss) | 9901 | €13,243 | -€2,360 | -€15,602 | |
| Financial income | 75/76B | €3,686 | €3,182 | -€504 | -13.7% |
| Recurring financial income | 75 | €3,686 | €3,182 | -€504 | -13.7% |
| Financial charges | 65/66B | €178 | €162 | -€16 | -8.9% |
| Recurring financial charges | 65 | €178 | €162 | -€16 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €16,751 | €660 | -€16,091 | -96.1% |
| Income taxes | 67/77 | €3,689 | €155 | -€3,534 | -95.8% |
| Profit (loss) for the period | 9904 | €13,062 | €505 | -€12,557 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,062 | €505 | -€12,557 | -96.1% |
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 19 October 2026 via checked.be.