DANDRENO: 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.
DANDRENO
Largest movements
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets +€29,615
up €29,615 (+256%), from €11,552 to €41,167
of which Furniture and vehicles: +€24,584
- Stocks and contracts +€13,302
up €13,302 (+108%), from €12,277 to €25,579
- Deferred charges and accrued income +€4,483
up €4,483 (+1,767%), from €254 to €4,737
- Receivables within one year -€3,414
down €3,414 (-14.5%), from €23,558 to €20,144
of which Trade receivables: -€5,963
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€22,438
up €22,438 (+36.6%), from €61,333 to €83,771
- Trade debts +€3,889
up €3,889 (+382%), from €1,019 to €4,908
- Turnover -€285,656
no longer reported in 2025 (was €285,656)
- Purchases and services -€181,688
no longer reported in 2025 (was €181,688)
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 | €128,152 | €103,679 | -€24,472 | -19.1% |
| Formation expenses | 20 | €2,215 | €438 | -€1,777 | -80.2% |
| Fixed assets | 21/28 | €11,552 | €41,167 | +€29,615 | +256% |
| Tangible fixed assets | 22/27 | €11,552 | €41,167 | +€29,615 | +256% |
| Plant, machinery and equipment | 23 | €7,042 | €12,073 | +€5,031 | +71.4% |
| Furniture and vehicles | 24 | €4,510 | €29,094 | +€24,584 | +545% |
| Current assets | 29/58 | €114,385 | €62,075 | -€52,310 | -45.7% |
| Stocks and contracts in progress | 3 | €12,277 | €25,579 | +€13,302 | +108% |
| Stocks | 30/36 | €12,277 | €25,579 | +€13,302 | +108% |
| Amounts receivable within one year | 40/41 | €23,558 | €20,144 | -€3,414 | -14.5% |
| Trade receivables | 40 | €10,265 | €4,303 | -€5,963 | -58.1% |
| Other amounts receivable | 41 | €13,293 | €15,841 | +€2,548 | +19.2% |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €8,296 | €11,615 | +€3,320 | +40.0% |
| Deferred charges and accrued income | 490/1 | €254 | €4,737 | +€4,483 | +1,767% |
| Total equity and liabilities | 10/49 | €128,152 | €103,679 | -€24,472 | -19.1% |
| Equity | 10/15 | €76,333 | €98,771 | +€22,438 | +29.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €61,333 | €83,771 | +€22,438 | +36.6% |
| Distributable reserves | 133 | €61,333 | €83,771 | +€22,438 | +36.6% |
| Amounts payable | 17/49 | €51,819 | €4,908 | -€46,911 | -90.5% |
| Amounts payable within one year | 42/48 | €51,019 | €4,908 | -€46,111 | -90.4% |
| Trade debts | 44 | €1,019 | €4,908 | +€3,889 | +382% |
| Suppliers | 440/4 | €1,019 | €4,908 | +€3,889 | +382% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Accrued charges and deferred income | 492/3 | €800 | - | -€800 | |
| Turnover | 70 | €285,656 | - | -€285,656 | |
| Non-recurring operating income | 76A | - | €5,490 | +€5,490 | |
| Goods, raw materials, services and sundry goods | 60/61 | €181,688 | - | -€181,688 | |
| Remuneration, social security and pensions | 62 | €73,306 | €74,349 | +€1,043 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,750 | €5,091 | -€1,659 | -24.6% |
| Other operating charges | 640/8 | €976 | €1,353 | +€377 | +38.6% |
| Gross operating margin | 9900 | €108,512 | €110,764 | +€2,252 | +2.1% |
| Operating profit (loss) | 9901 | €27,480 | €29,971 | +€2,491 | +9.1% |
| Financial income | 75/76B | €414 | €643 | +€229 | +55.3% |
| Recurring financial income | 75 | €414 | €643 | +€229 | +55.3% |
| Financial charges | 65/66B | €158 | €323 | +€165 | +104% |
| Recurring financial charges | 65 | €158 | €323 | +€165 | +104% |
| Profit (loss) for the period before taxes | 9903 | €27,736 | €30,291 | +€2,555 | +9.2% |
| Income taxes | 67/77 | €7,231 | €7,853 | +€622 | +8.6% |
| Profit (loss) for the period | 9904 | €20,505 | €22,438 | +€1,934 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,505 | €22,438 | +€1,934 | +9.4% |
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 23 October 2026 via checked.be.