DENDRE ASSUR: 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.
DENDRE ASSUR
Largest movements
- Receivables within one year -€33,734
down €33,734 (-25.1%), from €134,395 to €100,661
of which Other amounts receivable: -€24,858
- Cash -€11,381
down €11,381 (-100.0%), from €11,381 to €0
mainly Debts after one year (-€103,868) and Tax, wage and social debts (-€16,756)
- Debts after one year -€103,868
down €103,868 (-37.0%), from €280,368 to €176,500
- Profit (loss) carried forward +€48,935
up €48,935 (+60.7%), from €80,602 to €129,537
- Other debts +€23,844
up €23,844 (+5.0%), from €476,817 to €500,661
- Tax, wage and social debts -€16,756
down €16,756 (-30.8%), from €54,339 to €37,583
of which Remuneration and social security: -€16,529
- Trade debts +€10,801
up €10,801 (+57.9%), from €18,648 to €29,449
- Depreciation -€11,928
down €11,928 (-93.4%), from €12,768 to €840
- Staff costs -€9,284
down €9,284 (-3.7%), from €250,672 to €241,388
- Taxes +€5,438
up €5,438 (+35.1%), from €15,476 to €20,914
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 | €1,058,096 | €1,018,399 | -€39,696 | -3.8% |
| Fixed assets | 21/28 | €899,996 | €899,156 | -€840 | -0.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,014 | €1,174 | -€840 | -41.7% |
| Furniture and vehicles | 24 | €2,014 | €1,174 | -€840 | -41.7% |
| Financial fixed assets | 28 | €897,982 | €897,982 | = | 0.0% |
| Current assets | 29/58 | €158,100 | €119,244 | -€38,856 | -24.6% |
| Amounts receivable within one year | 40/41 | €134,395 | €100,661 | -€33,734 | -25.1% |
| Trade receivables | 40 | €105,009 | €96,133 | -€8,876 | -8.5% |
| Other amounts receivable | 41 | €29,386 | €4,528 | -€24,858 | -84.6% |
| Cash at bank and in hand | 54/58 | €11,381 | €0 | -€11,381 | -100.0% |
| Deferred charges and accrued income | 490/1 | €12,324 | €18,583 | +€6,259 | +50.8% |
| Total equity and liabilities | 10/49 | €1,058,096 | €1,018,399 | -€39,696 | -3.8% |
| Equity | 10/15 | €109,759 | €158,694 | +€48,935 | +44.6% |
| Contributions | 10/11 | €20,528 | €20,528 | = | 0.0% |
| Reserves | 13 | €8,629 | €8,629 | = | 0.0% |
| Distributable reserves | 133 | €8,629 | €8,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,602 | €129,537 | +€48,935 | +60.7% |
| Amounts payable | 17/49 | €948,336 | €859,706 | -€88,631 | -9.3% |
| Amounts payable after more than one year | 17 | €280,368 | €176,500 | -€103,868 | -37.0% |
| Financial debts | 170/4 | €280,368 | €176,500 | -€103,868 | -37.0% |
| Amounts payable within one year | 42/48 | €667,968 | €683,206 | +€15,237 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €113,097 | €103,868 | -€9,229 | -8.2% |
| Financial debts | 43 | €5,068 | €11,644 | +€6,576 | +129.8% |
| Credit institutions | 430/8 | €5,068 | €11,644 | +€6,576 | +129.8% |
| Trade debts | 44 | €18,648 | €29,449 | +€10,801 | +57.9% |
| Suppliers | 440/4 | €18,648 | €29,449 | +€10,801 | +57.9% |
| Taxes, remuneration and social security | 45 | €54,339 | €37,583 | -€16,756 | -30.8% |
| Taxes | 450/3 | €5,933 | €5,706 | -€227 | -3.8% |
| Remuneration and social security | 454/9 | €48,405 | €31,877 | -€16,529 | -34.1% |
| Other amounts payable | 47/48 | €476,817 | €500,661 | +€23,844 | +5.0% |
| Remuneration, social security and pensions | 62 | €250,672 | €241,388 | -€9,284 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,768 | €840 | -€11,928 | -93.4% |
| Other operating charges | 640/8 | €13,860 | €14,786 | +€925 | +6.7% |
| Gross operating margin | 9900 | €338,595 | €335,631 | -€2,964 | -0.9% |
| Operating profit (loss) | 9901 | €61,294 | €78,618 | +€17,323 | +28.3% |
| Financial income | 75/76B | €5 | €111 | +€107 | +2280.7% |
| Recurring financial income | 75 | €5 | €111 | +€107 | +2280.7% |
| Financial charges | 65/66B | €9,533 | €8,880 | -€652 | -6.8% |
| Recurring financial charges | 65 | €9,533 | €8,880 | -€652 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €51,766 | €69,849 | +€18,082 | +34.9% |
| Income taxes | 67/77 | €15,476 | €20,914 | +€5,438 | +35.1% |
| Profit (loss) for the period | 9904 | €36,291 | €48,935 | +€12,644 | +34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,291 | €48,935 | +€12,644 | +34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.