DENDERGAARD: what changed
Two fiscal 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.
DENDERGAARD
Largest movements
- Financial fixed assets -€228,000
down €228,000 (-48.3%), from €471,866 to €243,866
- Receivables after one year +€228,000
new in 2025: €228,000
- Other debts +€6,685
up €6,685 (+2544.9%), from €263 to €6,948
- Gross operating margin +€1,533
up €1,533 (+34.2%), from -€4,477 to -€2,944
- Other operating charges -€272
no longer reported in 2025 (was €272)
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 | €473,156 | €472,125 | -€1,031 | -0.2% |
| Fixed assets | 21/28 | €471,866 | €243,866 | -€228,000 | -48.3% |
| Financial fixed assets | 28 | €471,866 | €243,866 | -€228,000 | -48.3% |
| Current assets | 29/58 | €1,290 | €228,259 | +€226,969 | +17592.0% |
| Amounts receivable after more than one year | 29 | - | €228,000 | +€228,000 | |
| Other amounts receivable | 291 | - | €228,000 | +€228,000 | |
| Amounts receivable within one year | 40/41 | €1,290 | €252 | -€1,038 | -80.5% |
| Other amounts receivable | 41 | €1,290 | €252 | -€1,038 | -80.5% |
| Cash at bank and in hand | 54/58 | - | €7 | +€7 | |
| Total equity and liabilities | 10/49 | €473,156 | €472,125 | -€1,031 | -0.2% |
| Equity | 10/15 | €262,266 | €259,166 | -€3,101 | -1.2% |
| Contributions | 10/11 | €21,809 | €21,809 | = | 0.0% |
| Revaluation surpluses | 12 | €241,466 | €241,466 | = | 0.0% |
| Reserves | 13 | €3,926 | €3,926 | = | 0.0% |
| Distributable reserves | 133 | €3,926 | €3,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,935 | -€8,035 | -€3,101 | -62.8% |
| Amounts payable | 17/49 | €210,890 | €212,959 | +€2,069 | +1.0% |
| Amounts payable after more than one year | 17 | €204,000 | €204,000 | = | 0.0% |
| Financial debts | 170/4 | €204,000 | €204,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,890 | €8,959 | +€2,069 | +30.0% |
| Trade debts | 44 | €4,259 | €1,157 | -€3,102 | -72.8% |
| Suppliers | 440/4 | €4,259 | €1,157 | -€3,102 | -72.8% |
| Taxes, remuneration and social security | 45 | €2,368 | €855 | -€1,514 | -63.9% |
| Taxes | 450/3 | €2,368 | €855 | -€1,514 | -63.9% |
| Other amounts payable | 47/48 | €263 | €6,948 | +€6,685 | +2544.9% |
| Other operating charges | 640/8 | €272 | - | -€272 | |
| Gross operating margin | 9900 | -€4,477 | -€2,944 | +€1,533 | +34.2% |
| Operating profit (loss) | 9901 | -€4,749 | -€2,944 | +€1,805 | +38.0% |
| Financial charges | 65/66B | €186 | €157 | -€29 | -15.5% |
| Recurring financial charges | 65 | €186 | €157 | -€29 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,935 | -€3,101 | +€1,834 | +37.2% |
| Profit (loss) for the period | 9904 | -€4,935 | -€3,101 | +€1,834 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,935 | -€3,101 | +€1,834 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.