DENDERKIND: 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.
DENDERKIND
Largest movements
- Tangible fixed assets +€672,364
up €672,364 (+37.1%), from €1.8m to €2.5m
of which Land and buildings: +€643,301
- Cash +€554,844
up €554,844 (+70.8%), from €783,860 to €1.3m
mainly Debts after one year (+€449,505) and Debts within one year (+€364,345)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Receivables within one year -€69,748
down €69,748 (-76.7%), from €90,877 to €21,129
- Debts after one year +€449,505
up €449,505 (+58.4%), from €769,239 to €1.2m
- Debts within one year +€364,345
up €364,345 (+83.1%), from €438,365 to €802,710
of which Tax, wage and social debts: +€284,405
- Staff costs +€414,975
up €414,975 (+12.3%), from €3.4m to €3.8m
- Gross operating margin +€132,495
up €132,495 (+3.5%), from €3.8m to €4.0m
- Financial income +€62,631
up €62,631 (+369%), from €16,972 to €79,604
of which Non-recurring financial income: +€63,388
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 | €3,078,743 | €3,918,204 | +€839,461 | +27.3% |
| Fixed assets | 21/28 | €1,904,006 | €2,558,371 | +€654,364 | +34.4% |
| Intangible fixed assets | 21 | €90,000 | €72,000 | -€18,000 | -20.0% |
| Tangible fixed assets | 22/27 | €1,814,006 | €2,486,371 | +€672,364 | +37.1% |
| Land and buildings | 22 | €1,776,767 | €2,420,068 | +€643,301 | +36.2% |
| Plant, machinery and equipment | 23 | €35,035 | €64,665 | +€29,630 | +84.6% |
| Furniture and vehicles | 24 | €2,205 | €1,638 | -€567 | -25.7% |
| Current assets | 29/58 | €1,174,737 | €1,359,833 | +€185,096 | +15.8% |
| Amounts receivable within one year | 40/41 | €90,877 | €21,129 | -€69,748 | -76.7% |
| Trade receivables | 40 | €90,877 | €21,129 | -€69,748 | -76.7% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €783,860 | €1,338,704 | +€554,844 | +70.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,078,743 | €3,918,204 | +€839,461 | +27.3% |
| Equity | 10/15 | €1,871,139 | €1,896,227 | +€25,088 | +1.3% |
| Profit (loss) carried forward | 14 | €1,871,139 | €1,896,227 | +€25,088 | +1.3% |
| Amounts payable | 17/49 | €1,207,604 | €2,021,977 | +€814,372 | +67.4% |
| Amounts payable after more than one year | 17 | €769,239 | €1,218,744 | +€449,505 | +58.4% |
| Financial debts | 170/4 | €769,239 | €1,218,744 | +€449,505 | +58.4% |
| Amounts payable within one year | 42/48 | €438,365 | €802,710 | +€364,345 | +83.1% |
| Current portion of amounts payable after more than one year | 42 | €73,822 | €99,636 | +€25,814 | +35.0% |
| Trade debts | 44 | €27,039 | €74,330 | +€47,291 | +175% |
| Suppliers | 440/4 | €27,039 | €74,330 | +€47,291 | +175% |
| Taxes, remuneration and social security | 45 | €227,483 | €511,888 | +€284,405 | +125% |
| Taxes | 450/3 | €149,952 | €93,619 | -€56,333 | -37.6% |
| Remuneration and social security | 454/9 | €77,531 | €418,269 | +€340,738 | +439% |
| Accrued charges and deferred income | 492/3 | - | €522 | +€522 | |
| Remuneration, social security and pensions | 62 | €3,373,278 | €3,788,253 | +€414,975 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,338 | €151,247 | -€11,091 | -6.8% |
| Other operating charges | 640/8 | €28,008 | €32,099 | +€4,091 | +14.6% |
| Non-recurring operating charges | 66A | €14,841 | €3,034 | -€11,806 | -79.6% |
| Gross operating margin | 9900 | €3,824,624 | €3,957,120 | +€132,495 | +3.5% |
| Operating profit (loss) | 9901 | €246,160 | -€17,514 | -€263,674 | |
| Financial income | 75/76B | €16,972 | €79,604 | +€62,631 | +369% |
| Recurring financial income | 75 | €16,791 | €16,034 | -€757 | -4.5% |
| Non-recurring financial income | 76B | €181 | €63,569 | +€63,388 | +35,021% |
| Financial charges | 65/66B | €16,980 | €31,738 | +€14,758 | +86.9% |
| Recurring financial charges | 65 | €16,980 | €18,706 | +€1,726 | +10.2% |
| Non-recurring financial charges | 66B | - | €13,032 | +€13,032 | |
| Profit (loss) for the period before taxes | 9903 | €246,152 | €30,352 | -€215,800 | -87.7% |
| Income taxes | 67/77 | €1,329 | €5,264 | +€3,934 | +296% |
| Profit (loss) for the period | 9904 | €244,823 | €25,088 | -€219,735 | -89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €244,823 | €25,088 | -€219,735 | -89.8% |
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 16 October 2026 via checked.be.