DENDREPOTTE: 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.
DENDREPOTTE
Largest movements
- Cash +€24,190
up €24,190 (+36.7%), from €65,900 to €90,090
mainly Other debts (+€27,968) and Depreciation (+€17,721)
- Tangible fixed assets -€17,721
down €17,721 (-8.6%), from €206,390 to €188,669
of which Plant, machinery and equipment: -€9,332
- Other debts +€27,968
up €27,968 (+87.8%), from €31,863 to €59,831
- Debts after one year -€21,124
down €21,124 (-12.7%), from €166,196 to €145,071
- Gross operating margin -€17,994
down €17,994 (-22.7%), from €79,345 to €61,351
- Financial charges +€13,188
up €13,188 (+43.1%), from €30,582 to €43,770
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 | €277,056 | €284,264 | +€7,207 | +2.6% |
| Fixed assets | 21/28 | €206,390 | €188,669 | -€17,721 | -8.6% |
| Tangible fixed assets | 22/27 | €206,390 | €188,669 | -€17,721 | -8.6% |
| Land and buildings | 22 | €167,353 | €160,154 | -€7,200 | -4.3% |
| Plant, machinery and equipment | 23 | €35,772 | €26,440 | -€9,332 | -26.1% |
| Furniture and vehicles | 24 | €3,264 | €2,075 | -€1,189 | -36.4% |
| Current assets | 29/58 | €70,667 | €95,595 | +€24,928 | +35.3% |
| Amounts receivable within one year | 40/41 | €1,249 | €1,740 | +€491 | +39.3% |
| Other amounts receivable | 41 | €1,249 | €1,740 | +€491 | +39.3% |
| Cash at bank and in hand | 54/58 | €65,900 | €90,090 | +€24,190 | +36.7% |
| Deferred charges and accrued income | 490/1 | €3,518 | €3,765 | +€247 | +7.0% |
| Total equity and liabilities | 10/49 | €277,056 | €284,264 | +€7,207 | +2.6% |
| Equity | 10/15 | €51,976 | €50,213 | -€1,763 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,576 | €2,813 | -€1,763 | -38.5% |
| Amounts payable | 17/49 | €225,080 | €234,051 | +€8,970 | +4.0% |
| Amounts payable after more than one year | 17 | €166,196 | €145,071 | -€21,124 | -12.7% |
| Financial debts | 170/4 | €166,196 | €145,071 | -€21,124 | -12.7% |
| Amounts payable within one year | 42/48 | €55,494 | €83,853 | +€28,359 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €20,770 | €21,124 | +€354 | +1.7% |
| Trade debts | 44 | €2,861 | €2,898 | +€37 | +1.3% |
| Suppliers | 440/4 | €2,861 | €2,898 | +€37 | +1.3% |
| Other amounts payable | 47/48 | €31,863 | €59,831 | +€27,968 | +87.8% |
| Accrued charges and deferred income | 492/3 | €3,391 | €5,126 | +€1,735 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,344 | €17,721 | -€623 | -3.4% |
| Other operating charges | 640/8 | €1,442 | €1,491 | +€49 | +3.4% |
| Non-recurring operating charges | 66A | €132 | - | -€132 | |
| Gross operating margin | 9900 | €79,345 | €61,351 | -€17,994 | -22.7% |
| Operating profit (loss) | 9901 | €59,427 | €42,139 | -€17,288 | -29.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €30,582 | €43,770 | +€13,188 | +43.1% |
| Recurring financial charges | 65 | €30,582 | €43,770 | +€13,188 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €28,845 | -€1,631 | -€30,476 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | €28,717 | -€1,763 | -€30,480 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,717 | -€1,763 | -€30,480 |
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 9 October 2026 via checked.be.