DENDERDAL: 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.
DENDERDAL
Largest movements
- Cash +€42,013
up €42,013 (+85.6%), from €49,087 to €91,100
mainly Net result for the year (+€40,438) and Depreciation (+€6,641)
- Stocks and contracts -€5,175
down €5,175 (-44.9%), from €11,525 to €6,350
- Intangible fixed assets -€1,492
down €1,492 (-39.7%), from €3,761 to €2,269
- Reserves +€40,438
up €40,438 (+367%), from €11,023 to €51,461
- Debts after one year -€6,635
down €6,635 (-27.0%), from €24,591 to €17,956
- Tax, wage and social debts -€1,888
down €1,888 (-8.7%), from €21,651 to €19,763
of which Taxes: -€3,340
- Gross operating margin +€91,383
up €91,383 (+159%), from €57,584 to €148,966
- Staff costs +€45,587
up €45,587 (+178%), from €25,619 to €71,206
- Taxes +€16,904
up €16,904 (+368%), from €4,588 to €21,491
- Other operating charges -€3,805
down €3,805 (-40.5%), from €9,387 to €5,582
- Depreciation +€3,781
up €3,781 (+132%), from €2,860 to €6,641
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 | €98,343 | €132,237 | +€33,894 | +34.5% |
| Fixed assets | 21/28 | €31,554 | €28,882 | -€2,672 | -8.5% |
| Intangible fixed assets | 21 | €3,761 | €2,269 | -€1,492 | -39.7% |
| Tangible fixed assets | 22/27 | €17,593 | €16,413 | -€1,180 | -6.7% |
| Plant, machinery and equipment | 23 | €14,164 | €11,444 | -€2,720 | -19.2% |
| Furniture and vehicles | 24 | - | €2,294 | +€2,294 | |
| Other tangible fixed assets | 26 | €3,430 | €2,675 | -€755 | -22.0% |
| Financial fixed assets | 28 | €10,200 | €10,200 | = | 0.0% |
| Current assets | 29/58 | €66,789 | €103,355 | +€36,566 | +54.7% |
| Stocks and contracts in progress | 3 | €11,525 | €6,350 | -€5,175 | -44.9% |
| Stocks | 30/36 | €11,525 | €6,350 | -€5,175 | -44.9% |
| Amounts receivable within one year | 40/41 | €4,909 | €3,837 | -€1,072 | -21.8% |
| Trade receivables | 40 | €1,098 | €1,488 | +€390 | +35.5% |
| Other amounts receivable | 41 | €3,811 | €2,350 | -€1,462 | -38.3% |
| Cash at bank and in hand | 54/58 | €49,087 | €91,100 | +€42,013 | +85.6% |
| Deferred charges and accrued income | 490/1 | €1,267 | €2,068 | +€800 | +63.2% |
| Total equity and liabilities | 10/49 | €98,343 | €132,237 | +€33,894 | +34.5% |
| Equity | 10/15 | €16,023 | €56,461 | +€40,438 | +252% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €11,023 | €51,461 | +€40,438 | +367% |
| Distributable reserves | 133 | €11,023 | €51,461 | +€40,438 | +367% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €82,320 | €75,776 | -€6,544 | -7.9% |
| Amounts payable after more than one year | 17 | €24,591 | €17,956 | -€6,635 | -27.0% |
| Financial debts | 170/4 | €24,591 | €17,956 | -€6,635 | -27.0% |
| Amounts payable within one year | 42/48 | €57,729 | €57,820 | +€92 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €6,343 | €6,635 | +€292 | +4.6% |
| Trade debts | 44 | €15,642 | €16,678 | +€1,036 | +6.6% |
| Suppliers | 440/4 | €15,642 | €16,678 | +€1,036 | +6.6% |
| Taxes, remuneration and social security | 45 | €21,651 | €19,763 | -€1,888 | -8.7% |
| Taxes | 450/3 | €16,020 | €12,680 | -€3,340 | -20.8% |
| Remuneration and social security | 454/9 | €5,631 | €7,083 | +€1,452 | +25.8% |
| Other amounts payable | 47/48 | €14,093 | €14,744 | +€651 | +4.6% |
| Remuneration, social security and pensions | 62 | €25,619 | €71,206 | +€45,587 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €6,641 | +€3,781 | +132% |
| Other operating charges | 640/8 | €9,387 | €5,582 | -€3,805 | -40.5% |
| Gross operating margin | 9900 | €57,584 | €148,966 | +€91,383 | +159% |
| Operating profit (loss) | 9901 | €19,718 | €65,538 | +€45,820 | +232% |
| Financial income | 75/76B | €22 | €120 | +€98 | +456% |
| Recurring financial income | 75 | €22 | €120 | +€98 | +456% |
| Financial charges | 65/66B | €1,962 | €3,728 | +€1,766 | +90.0% |
| Recurring financial charges | 65 | €1,962 | €3,728 | +€1,766 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €17,777 | €61,929 | +€44,152 | +248% |
| Income taxes | 67/77 | €4,588 | €21,491 | +€16,904 | +368% |
| Profit (loss) for the period | 9904 | €13,190 | €40,438 | +€27,248 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €13,190 | €40,438 | +€27,248 | +207% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.