Denderstroom: 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.
Denderstroom
Largest movements
- Cash +€131,962
up €131,962 (+85.7%), from €153,982 to €285,945
mainly Current investments (+€100,000) and Net result for the year (+€92,648)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Deferred charges and accrued income +€64,627
up €64,627 (+34,832%), from €186 to €64,812
- Receivables after one year -€48,390
down €48,390 (-19.5%), from €247,755 to €199,365
- Tangible fixed assets +€42,806
up €42,806 (+4.0%), from €1.1m to €1.1m
- Contributions +€98,750
up €98,750 (+7.0%), from €1.4m to €1.5m
- Debts after one year -€87,211
down €87,211 (-12.5%), from €700,396 to €613,185
- Profit (loss) carried forward +€41,929
up €41,929 (+31.1%), from €134,862 to €176,790
- Gross operating margin +€117,928
up €117,928 (+134%), from €88,282 to €206,210
- Financial income -€25,894
down €25,894 (-43.4%), from €59,690 to €33,795
- Depreciation +€14,791
up €14,791 (+29.0%), from €50,977 to €65,768
- Financial charges +€7,326
up €7,326 (+60.4%), from €12,120 to €19,446
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 | €2,388,486 | €2,464,586 | +€76,100 | +3.2% |
| Fixed assets | 21/28 | €1,822,947 | €1,865,754 | +€42,806 | +2.3% |
| Tangible fixed assets | 22/27 | €1,063,476 | €1,106,282 | +€42,806 | +4.0% |
| Plant, machinery and equipment | 23 | €1,063,476 | €1,106,282 | +€42,806 | +4.0% |
| Financial fixed assets | 28 | €759,472 | €759,472 | = | 0.0% |
| Current assets | 29/58 | €565,539 | €598,833 | +€33,294 | +5.9% |
| Amounts receivable after more than one year | 29 | €247,755 | €199,365 | -€48,390 | -19.5% |
| Other amounts receivable | 291 | €247,755 | €199,365 | -€48,390 | -19.5% |
| Amounts receivable within one year | 40/41 | €63,616 | €48,711 | -€14,905 | -23.4% |
| Trade receivables | 40 | €53,361 | €47,902 | -€5,458 | -10.2% |
| Other amounts receivable | 41 | €10,256 | €808 | -€9,447 | -92.1% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €153,982 | €285,945 | +€131,962 | +85.7% |
| Deferred charges and accrued income | 490/1 | €186 | €64,812 | +€64,627 | +34,832% |
| Total equity and liabilities | 10/49 | €2,388,486 | €2,464,586 | +€76,100 | +3.2% |
| Equity | 10/15 | €1,548,112 | €1,688,790 | +€140,679 | +9.1% |
| Contributions | 10/11 | €1,413,250 | €1,512,000 | +€98,750 | +7.0% |
| Profit (loss) carried forward | 14 | €134,862 | €176,790 | +€41,929 | +31.1% |
| Amounts payable | 17/49 | €840,375 | €775,796 | -€64,579 | -7.7% |
| Amounts payable after more than one year | 17 | €700,396 | €613,185 | -€87,211 | -12.5% |
| Financial debts | 170/4 | €700,396 | €613,185 | -€87,211 | -12.5% |
| Amounts payable within one year | 42/48 | €139,979 | €161,933 | +€21,954 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €54,014 | €55,352 | +€1,339 | +2.5% |
| Trade debts | 44 | €34,596 | €45,220 | +€10,624 | +30.7% |
| Suppliers | 440/4 | €34,596 | €45,220 | +€10,624 | +30.7% |
| Taxes, remuneration and social security | 45 | €3,607 | €10,641 | +€7,034 | +195% |
| Taxes | 450/3 | €3,607 | €10,641 | +€7,034 | +195% |
| Other amounts payable | 47/48 | €47,762 | €50,720 | +€2,957 | +6.2% |
| Accrued charges and deferred income | 492/3 | €0 | €678 | +€678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,977 | €65,768 | +€14,791 | +29.0% |
| Other operating charges | 640/8 | €1,324 | €1,437 | +€113 | +8.5% |
| Non-recurring operating charges | 66A | - | €60,707 | +€60,707 | |
| Gross operating margin | 9900 | €88,282 | €206,210 | +€117,928 | +134% |
| Operating profit (loss) | 9901 | €35,982 | €78,299 | +€42,317 | +118% |
| Financial income | 75/76B | €59,690 | €33,795 | -€25,894 | -43.4% |
| Recurring financial income | 75 | €59,690 | €33,795 | -€25,894 | -43.4% |
| Financial charges | 65/66B | €12,120 | €19,446 | +€7,326 | +60.4% |
| Recurring financial charges | 65 | €12,120 | €19,446 | +€7,326 | +60.4% |
| Profit (loss) for the period before taxes | 9903 | €83,551 | €92,648 | +€9,097 | +10.9% |
| Profit (loss) for the period | 9904 | €83,551 | €92,648 | +€9,097 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,551 | €92,648 | +€9,097 | +10.9% |
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 18 October 2026 via checked.be.