DENDRE GESTION: 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 GESTION
Largest movements
- Receivables within one year +€164,326
up €164,326 (+11.5%), from €1.4m to €1.6m
of which Other amounts receivable: +€164,326
- Financial fixed assets -€53,519
down €53,519 (-5.9%), from €912,250 to €858,731
- Other debts +€673,822
up €673,822 (+45.7%), from €1.5m to €2.1m
- Reserves -€475,300
down €475,300 (-82.9%), from €573,590 to €98,290
- Profit (loss) carried forward -€32,754
down €32,754 (-107.6%), from -€30,435 to -€63,189
- Gross operating margin +€4,193
up €4,193 (+37.0%), from -€11,333 to -€7,140
- Financial charges -€3,352
down €3,352 (-26.1%), from €12,857 to €9,505
- Financial income +€2,417
up €2,417 (+102.5%), from €2,357 to €4,774
- Staff costs -€141
down €141 (-0.4%), from €33,240 to €33,099
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 | €2,353,318 | €2,478,708 | +€125,390 | +5.3% |
| Fixed assets | 21/28 | €920,960 | €863,441 | -€57,519 | -6.2% |
| Intangible fixed assets | 21 | €8,710 | €4,710 | -€4,000 | -45.9% |
| Financial fixed assets | 28 | €912,250 | €858,731 | -€53,519 | -5.9% |
| Current assets | 29/58 | €1,432,357 | €1,615,267 | +€182,909 | +12.8% |
| Amounts receivable within one year | 40/41 | €1,432,357 | €1,596,684 | +€164,326 | +11.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,432,357 | €1,596,684 | +€164,326 | +11.5% |
| Cash at bank and in hand | 54/58 | €0 | €18,444 | +€18,444 | |
| Deferred charges and accrued income | 490/1 | €0 | €139 | +€139 | |
| Total equity and liabilities | 10/49 | €2,353,318 | €2,478,708 | +€125,390 | +5.3% |
| Equity | 10/15 | €805,355 | €297,301 | -€508,054 | -63.1% |
| Contributions | 10/11 | €262,200 | €262,200 | = | 0.0% |
| Reserves | 13 | €573,590 | €98,290 | -€475,300 | -82.9% |
| Distributable reserves | 133 | €573,590 | €98,290 | -€475,300 | -82.9% |
| Profit (loss) carried forward | 14 | -€30,435 | -€63,189 | -€32,754 | -107.6% |
| Amounts payable | 17/49 | €1,547,963 | €2,181,407 | +€633,444 | +40.9% |
| Amounts payable after more than one year | 17 | €24,149 | €0 | -€24,149 | -100.0% |
| Financial debts | 170/4 | €24,149 | €0 | -€24,149 | -100.0% |
| Amounts payable within one year | 42/48 | €1,523,752 | €2,181,407 | +€657,656 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €32,200 | €24,149 | -€8,051 | -25.0% |
| Financial debts | 43 | €1,793 | €0 | -€1,793 | -100.0% |
| Credit institutions | 430/8 | €1,793 | €0 | -€1,793 | -100.0% |
| Trade debts | 44 | €1,522 | €282 | -€1,241 | -81.5% |
| Suppliers | 440/4 | €1,522 | €282 | -€1,241 | -81.5% |
| Taxes, remuneration and social security | 45 | €15,265 | €10,182 | -€5,082 | -33.3% |
| Taxes | 450/3 | €5,966 | €2,660 | -€3,306 | -55.4% |
| Remuneration and social security | 454/9 | €9,299 | €7,523 | -€1,776 | -19.1% |
| Other amounts payable | 47/48 | €1,472,972 | €2,146,794 | +€673,822 | +45.7% |
| Accrued charges and deferred income | 492/3 | €62 | €0 | -€62 | -100.0% |
| Remuneration, social security and pensions | 62 | €33,240 | €33,099 | -€141 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,000 | €4,000 | = | 0.0% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€11,333 | -€7,140 | +€4,193 | +37.0% |
| Operating profit (loss) | 9901 | -€49,534 | -€45,207 | +€4,327 | +8.7% |
| Financial income | 75/76B | €2,357 | €4,774 | +€2,417 | +102.5% |
| Recurring financial income | 75 | €2,357 | €4,774 | +€2,417 | +102.5% |
| Financial charges | 65/66B | €12,857 | €9,505 | -€3,352 | -26.1% |
| Recurring financial charges | 65 | €12,857 | €9,505 | -€3,352 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€60,034 | -€49,938 | +€10,095 | +16.8% |
| Profit (loss) for the period | 9904 | -€60,034 | -€49,938 | +€10,095 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,034 | -€49,938 | +€10,095 | +16.8% |
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 30 September 2026 via checked.be.