DENDONCKER: 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.
DENDONCKER
Largest movements
- Receivables within one year +€21,796
up €21,796 (+69.2%), from €31,511 to €53,307
of which Trade receivables: +€24,745
- Tangible fixed assets -€7,563
down €7,563 (-42.5%), from €17,812 to €10,248
of which Furniture and vehicles: -€6,175
- Cash +€6,443
up €6,443 (+19.3%), from €33,366 to €39,808
mainly Net result for the year (+€19,690) and Depreciation (+€7,563)
- Deferred charges and accrued income +€2,553
new in 2024: €2,553
- Reserves +€19,690
up €19,690 (+43.8%), from €44,984 to €64,674
- Debts after one year -€5,157
down €5,157 (-85.6%), from €6,022 to €866
- Tax, wage and social debts +€4,591
up €4,591, from €0 to €4,591
of which Taxes: +€4,591
- Trade debts +€4,046
up €4,046 (+61.5%), from €6,584 to €10,630
- Gross operating margin +€21,469
up €21,469 (+161.9%), from €13,264 to €34,733
- Taxes +€6,083
up €6,083 (+395.3%), from €1,539 to €7,622
- Financial income +€497
up €497 (+70.3%), from €707 to €1,204
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,688 | €105,917 | +€23,229 | +28.1% |
| Fixed assets | 21/28 | €17,812 | €10,248 | -€7,563 | -42.5% |
| Tangible fixed assets | 22/27 | €17,812 | €10,248 | -€7,563 | -42.5% |
| Plant, machinery and equipment | 23 | €3,172 | €1,784 | -€1,388 | -43.8% |
| Furniture and vehicles | 24 | €14,639 | €8,464 | -€6,175 | -42.2% |
| Current assets | 29/58 | €64,877 | €95,669 | +€30,792 | +47.5% |
| Amounts receivable within one year | 40/41 | €31,511 | €53,307 | +€21,796 | +69.2% |
| Trade receivables | 40 | €25,839 | €50,584 | +€24,745 | +95.8% |
| Other amounts receivable | 41 | €5,672 | €2,723 | -€2,949 | -52.0% |
| Cash at bank and in hand | 54/58 | €33,366 | €39,808 | +€6,443 | +19.3% |
| Deferred charges and accrued income | 490/1 | - | €2,553 | +€2,553 | |
| Total equity and liabilities | 10/49 | €82,688 | €105,917 | +€23,229 | +28.1% |
| Equity | 10/15 | €64,984 | €84,674 | +€19,690 | +30.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €44,984 | €64,674 | +€19,690 | +43.8% |
| Distributable reserves | 133 | €44,984 | €64,674 | +€19,690 | +43.8% |
| Amounts payable | 17/49 | €17,704 | €21,243 | +€3,538 | +20.0% |
| Amounts payable after more than one year | 17 | €6,022 | €866 | -€5,157 | -85.6% |
| Financial debts | 170/4 | €6,022 | €866 | -€5,157 | -85.6% |
| Amounts payable within one year | 42/48 | €11,682 | €20,377 | +€8,695 | +74.4% |
| Current portion of amounts payable after more than one year | 42 | €5,098 | €5,157 | +€59 | +1.2% |
| Trade debts | 44 | €6,584 | €10,630 | +€4,046 | +61.5% |
| Suppliers | 440/4 | €6,584 | €10,630 | +€4,046 | +61.5% |
| Taxes, remuneration and social security | 45 | €0 | €4,591 | +€4,591 | |
| Taxes | 450/3 | €0 | €4,591 | +€4,591 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,563 | €7,563 | = | 0.0% |
| Other operating charges | 640/8 | €824 | €915 | +€91 | +11.0% |
| Gross operating margin | 9900 | €13,264 | €34,733 | +€21,469 | +161.9% |
| Operating profit (loss) | 9901 | €4,877 | €26,255 | +€21,378 | +438.4% |
| Financial income | 75/76B | €707 | €1,204 | +€497 | +70.3% |
| Recurring financial income | 75 | €707 | €1,204 | +€497 | +70.3% |
| Financial charges | 65/66B | €233 | €146 | -€87 | -37.2% |
| Recurring financial charges | 65 | €233 | €146 | -€87 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €5,350 | €27,312 | +€21,962 | +410.5% |
| Income taxes | 67/77 | €1,539 | €7,622 | +€6,083 | +395.3% |
| Profit (loss) for the period | 9904 | €3,812 | €19,690 | +€15,879 | +416.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,812 | €19,690 | +€15,879 | +416.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.