WILLIAM DENIS: 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.
WILLIAM DENIS
Largest movements
- Cash +€66,433
up €66,433 (+3008.8%), from €2,208 to €68,641
mainly Net result for the year (+€63,414) and Tax, wage and social debts (+€15,837)
- Receivables within one year +€9,713
up €9,713 (+2104.8%), from €461 to €10,175
of which Trade receivables: +€10,175
- Tangible fixed assets +€1,686
new in 2025: €1,686
- Profit (loss) carried forward +€63,414
up €63,414, from -€2,625 to €60,789
- Tax, wage and social debts +€15,837
new in 2025: €15,837
- Trade debts -€1,210
down €1,210 (-77.4%), from €1,563 to €353
- Other debts -€1,000
down €1,000 (-65.6%), from €1,523 to €523
- Gross operating margin +€81,899
up €81,899, from -€2,575 to €79,324
- Taxes +€15,469
new in 2025: €15,469
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.
Cash bridge derived
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 | €3,461 | €80,502 | +€77,040 | +2225.7% |
| Fixed assets | 21/28 | - | €1,686 | +€1,686 | |
| Tangible fixed assets | 22/27 | - | €1,686 | +€1,686 | |
| Furniture and vehicles | 24 | - | €1,686 | +€1,686 | |
| Current assets | 29/58 | €3,461 | €78,816 | +€75,354 | +2176.9% |
| Amounts receivable within one year | 40/41 | €461 | €10,175 | +€9,713 | +2104.8% |
| Trade receivables | 40 | - | €10,175 | +€10,175 | |
| Other amounts receivable | 41 | €461 | - | -€461 | |
| Cash at bank and in hand | 54/58 | €2,208 | €68,641 | +€66,433 | +3008.8% |
| Deferred charges and accrued income | 490/1 | €792 | - | -€792 | |
| Total equity and liabilities | 10/49 | €3,461 | €80,502 | +€77,040 | +2225.7% |
| Equity | 10/15 | €375 | €63,789 | +€63,414 | +16906.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,625 | €60,789 | +€63,414 | |
| Amounts payable | 17/49 | €3,086 | €16,713 | +€13,627 | +441.5% |
| Amounts payable within one year | 42/48 | €3,086 | €16,713 | +€13,627 | +441.5% |
| Trade debts | 44 | €1,563 | €353 | -€1,210 | -77.4% |
| Suppliers | 440/4 | €1,563 | €353 | -€1,210 | -77.4% |
| Taxes, remuneration and social security | 45 | - | €15,837 | +€15,837 | |
| Taxes | 450/3 | - | €15,837 | +€15,837 | |
| Other amounts payable | 47/48 | €1,523 | €523 | -€1,000 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €260 | +€260 | |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | -€2,575 | €79,324 | +€81,899 | |
| Operating profit (loss) | 9901 | -€2,625 | €79,063 | +€81,688 | |
| Financial charges | 65/66B | - | €181 | +€181 | |
| Recurring financial charges | 65 | - | €181 | +€181 | |
| Profit (loss) for the period before taxes | 9903 | -€2,625 | €78,883 | +€81,508 | |
| Income taxes | 67/77 | - | €15,469 | +€15,469 | |
| Profit (loss) for the period | 9904 | -€2,625 | €63,414 | +€66,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,625 | €63,414 | +€66,039 |
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 12 October 2026 via checked.be.