Denderoever: 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.
Denderoever
Largest movements
- Stocks and contracts -€4.6m
down €4.6m (-93.8%), from €4.9m to €301,780
- Receivables within one year -€547,637
down €547,637 (-93.9%), from €582,909 to €35,272
of which Other amounts receivable: -€539,410
- Cash +€119,930
up €119,930 (+20.8%), from €576,062 to €695,992
- Profit (loss) carried forward -€5.2m
down €5.2m (-1096.0%), from -€475,309 to -€5.7m
- Other debts +€1.6m
up €1.6m (+37.5%), from €4.2m to €5.8m
- Debts after one year -€1.5m
no longer reported in 2025 (was €1.5m)
- Trade debts +€157,776
up €157,776 (+441.1%), from €35,772 to €193,548
- Gross operating margin -€334,144
down €334,144 (-6945.4%), from -€4,811 to -€338,955
- Financial charges +€114,641
up €114,641 (+167.0%), from €68,656 to €183,297
- Purchases and services -€32,106
no longer reported in 2025 (was €32,106)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,036,689 | €1,033,043 | -€5.0m | -82.9% |
| Current assets | 29/58 | €6,036,689 | €1,033,043 | -€5.0m | -82.9% |
| Stocks and contracts in progress | 3 | €4,877,718 | €301,780 | -€4.6m | -93.8% |
| Stocks | 30/36 | €4,877,718 | €301,780 | -€4.6m | -93.8% |
| Amounts receivable within one year | 40/41 | €582,909 | €35,272 | -€547,637 | -93.9% |
| Trade receivables | 40 | €8,227 | - | -€8,227 | |
| Other amounts receivable | 41 | €574,682 | €35,272 | -€539,410 | -93.9% |
| Cash at bank and in hand | 54/58 | €576,062 | €695,992 | +€119,930 | +20.8% |
| Total equity and liabilities | 10/49 | €6,036,689 | €1,033,043 | -€5.0m | -82.9% |
| Equity | 10/15 | €287,191 | -€4,921,990 | -€5.2m | |
| Contributions | 10/11 | €762,500 | €762,500 | = | 0.0% |
| Capital | 10 | €762,500 | €762,500 | = | 0.0% |
| Issued capital | 100 | €762,500 | €762,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€475,309 | -€5,684,490 | -€5.2m | -1096.0% |
| Amounts payable | 17/49 | €5,749,498 | €5,955,033 | +€205,535 | +3.6% |
| Amounts payable after more than one year | 17 | €1,523,586 | - | -€1.5m | |
| Financial debts | 170/4 | €1,523,586 | - | -€1.5m | |
| Amounts payable within one year | 42/48 | €4,225,772 | €5,955,033 | +€1.7m | +40.9% |
| Trade debts | 44 | €35,772 | €193,548 | +€157,776 | +441.1% |
| Suppliers | 440/4 | €35,772 | €193,548 | +€157,776 | +441.1% |
| Other amounts payable | 47/48 | €4,190,000 | €5,761,485 | +€1.6m | +37.5% |
| Accrued charges and deferred income | 492/3 | €140 | - | -€140 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,106 | - | -€32,106 | |
| Other operating charges | 640/8 | €87 | €1,298 | +€1,211 | +1392.5% |
| Gross operating margin | 9900 | -€4,811 | -€338,955 | -€334,144 | -6945.4% |
| Operating profit (loss) | 9901 | -€4,898 | -€340,254 | -€335,356 | -6846.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €68,656 | €183,297 | +€114,641 | +167.0% |
| Recurring financial charges | 65 | €68,656 | €183,297 | +€114,641 | +167.0% |
| Profit (loss) for the period before taxes | 9903 | -€73,554 | -€523,549 | -€449,995 | -611.8% |
| Profit (loss) for the period | 9904 | -€73,554 | -€523,549 | -€449,995 | -611.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,554 | -€523,549 | -€449,995 | -611.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.