DENDRE CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€30,954
up €30,954 (+23.7%), from €130,344 to €161,298
of which Trade receivables: +€37,576
- Tangible fixed assets -€19,987
down €19,987 (-21.4%), from €93,441 to €73,455
of which Furniture and vehicles: -€17,675
- Cash +€18,401
up €18,401 (+18449.5%), from €100 to €18,501
mainly Net result for the year (+€160,768) and Trade debts (+€60,768)
- Intangible fixed assets -€13,190
down €13,190 (-70.2%), from €18,790 to €5,600
- Profit (loss) carried forward +€160,768
up €160,768, from -€91,392 to €69,377
- Other debts -€119,249
down €119,249 (-38.6%), from €309,211 to €189,962
- Debts after one year -€65,166
down €65,166 (-16.4%), from €398,166 to €333,000
- Trade debts +€60,768
up €60,768 (+398.0%), from €15,269 to €76,037
- Tax, wage and social debts -€10,815
down €10,815 (-9.8%), from €110,898 to €100,084
of which Remuneration and social security: -€12,956
- Gross operating margin +€164,124
up €164,124 (+48.7%), from €336,904 to €501,028
- Staff costs +€26,353
up €26,353 (+6.4%), from €409,957 to €436,310
- Financial income +€19,703
up €19,703 (+14.0%), from €140,520 to €160,222
- Depreciation +€11,114
up €11,114 (+43.0%), from €25,845 to €36,960
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 | €851,379 | €866,002 | +€14,623 | +1.7% |
| Fixed assets | 21/28 | €707,579 | €674,403 | -€33,177 | -4.7% |
| Intangible fixed assets | 21 | €18,790 | €5,600 | -€13,190 | -70.2% |
| Tangible fixed assets | 22/27 | €93,441 | €73,455 | -€19,987 | -21.4% |
| Plant, machinery and equipment | 23 | €6,334 | €5,665 | -€669 | -10.6% |
| Furniture and vehicles | 24 | €83,821 | €66,146 | -€17,675 | -21.1% |
| Other tangible fixed assets | 26 | €3,286 | €1,643 | -€1,643 | -50.0% |
| Financial fixed assets | 28 | €595,348 | €595,348 | = | 0.0% |
| Current assets | 29/58 | €143,799 | €191,599 | +€47,800 | +33.2% |
| Amounts receivable within one year | 40/41 | €130,344 | €161,298 | +€30,954 | +23.7% |
| Trade receivables | 40 | €119,563 | €157,139 | +€37,576 | +31.4% |
| Other amounts receivable | 41 | €10,781 | €4,160 | -€6,622 | -61.4% |
| Cash at bank and in hand | 54/58 | €100 | €18,501 | +€18,401 | +18449.5% |
| Deferred charges and accrued income | 490/1 | €13,355 | €11,800 | -€1,556 | -11.6% |
| Total equity and liabilities | 10/49 | €851,379 | €866,002 | +€14,623 | +1.7% |
| Equity | 10/15 | -€59,016 | €101,752 | +€160,768 | |
| Contributions | 10/11 | €29,432 | €29,432 | = | 0.0% |
| Reserves | 13 | €2,943 | €2,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,943 | €2,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,392 | €69,377 | +€160,768 | |
| Amounts payable | 17/49 | €910,395 | €764,250 | -€146,145 | -16.1% |
| Amounts payable after more than one year | 17 | €398,166 | €333,000 | -€65,166 | -16.4% |
| Financial debts | 170/4 | €398,166 | €333,000 | -€65,166 | -16.4% |
| Amounts payable within one year | 42/48 | €512,229 | €431,250 | -€80,979 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €67,100 | €65,166 | -€1,934 | -2.9% |
| Financial debts | 43 | €9,750 | €0 | -€9,750 | -100.0% |
| Credit institutions | 430/8 | €9,750 | €0 | -€9,750 | -100.0% |
| Trade debts | 44 | €15,269 | €76,037 | +€60,768 | +398.0% |
| Suppliers | 440/4 | €15,269 | €76,037 | +€60,768 | +398.0% |
| Taxes, remuneration and social security | 45 | €110,898 | €100,084 | -€10,815 | -9.8% |
| Taxes | 450/3 | €20,297 | €22,439 | +€2,141 | +10.6% |
| Remuneration and social security | 454/9 | €90,601 | €77,645 | -€12,956 | -14.3% |
| Other amounts payable | 47/48 | €309,211 | €189,962 | -€119,249 | -38.6% |
| Remuneration, social security and pensions | 62 | €409,957 | €436,310 | +€26,353 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,845 | €36,960 | +€11,114 | +43.0% |
| Other operating charges | 640/8 | €15,833 | €17,211 | +€1,377 | +8.7% |
| Gross operating margin | 9900 | €336,904 | €501,028 | +€164,124 | +48.7% |
| Operating profit (loss) | 9901 | -€114,732 | €10,547 | +€125,279 | |
| Financial income | 75/76B | €140,520 | €160,222 | +€19,703 | +14.0% |
| Recurring financial income | 75 | €140,520 | €160,222 | +€19,703 | +14.0% |
| Financial charges | 65/66B | €7,794 | €9,125 | +€1,331 | +17.1% |
| Recurring financial charges | 65 | €7,794 | €9,125 | +€1,331 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €17,994 | €161,644 | +€143,650 | +798.3% |
| Income taxes | 67/77 | €751 | €875 | +€124 | +16.5% |
| Profit (loss) for the period | 9904 | €17,242 | €160,768 | +€143,526 | +832.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,242 | €160,768 | +€143,526 | +832.4% |
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 29 September 2026 via checked.be.