DENDRITE: what changed
Two financial 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.
DENDRITE
Largest movements
- Cash +€219,427
up €219,427 (+12431.6%), from €1,765 to €221,192
mainly Receivables within one year (+€202,120) and Depreciation (+€162,216)
- Receivables within one year -€202,120
down €202,120 (-72.4%), from €279,050 to €76,929
of which Trade receivables: -€166,150
- Tangible fixed assets -€65,222
down €65,222 (-32.1%), from €203,395 to €138,173
of which Other tangible fixed assets: -€108,611
- Profit (loss) carried forward -€72,020
down €72,020 (-52.9%), from €136,060 to €64,040
- Tax, wage and social debts +€49,959
up €49,959 (+127.2%), from €39,280 to €89,239
of which Taxes: +€45,928
- Other debts -€23,032
down €23,032 (-50.5%), from €45,572 to €22,540
- Depreciation +€110,368
up €110,368 (+212.9%), from €51,847 to €162,216
- Gross operating margin -€55,691
down €55,691 (-19.8%), from €280,813 to €225,122
- Other operating charges +€24,550
up €24,550 (+4006.7%), from €613 to €25,163
- Taxes -€10,770
down €10,770 (-33.0%), from €32,672 to €21,903
- Financial charges -€5,187
down €5,187 (-45.8%), from €11,321 to €6,134
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 | €737,916 | €687,016 | -€50,900 | -6.9% |
| Fixed assets | 21/28 | €454,216 | €388,894 | -€65,322 | -14.4% |
| Tangible fixed assets | 22/27 | €203,395 | €138,173 | -€65,222 | -32.1% |
| Plant, machinery and equipment | 23 | €30,210 | €37,033 | +€6,823 | +22.6% |
| Furniture and vehicles | 24 | €55,375 | €91,941 | +€36,567 | +66.0% |
| Other tangible fixed assets | 26 | €117,810 | €9,198 | -€108,611 | -92.2% |
| Financial fixed assets | 28 | €250,821 | €250,721 | -€100 | 0.0% |
| Current assets | 29/58 | €283,700 | €298,122 | +€14,422 | +5.1% |
| Amounts receivable within one year | 40/41 | €279,050 | €76,929 | -€202,120 | -72.4% |
| Trade receivables | 40 | €166,150 | - | -€166,150 | |
| Other amounts receivable | 41 | €112,900 | €76,929 | -€35,970 | -31.9% |
| Cash at bank and in hand | 54/58 | €1,765 | €221,192 | +€219,427 | +12431.6% |
| Deferred charges and accrued income | 490/1 | €2,885 | - | -€2,885 | |
| Total equity and liabilities | 10/49 | €737,916 | €687,016 | -€50,900 | -6.9% |
| Equity | 10/15 | €643,060 | €571,040 | -€72,020 | -11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €487,000 | €487,000 | = | 0.0% |
| Distributable reserves | 133 | €487,000 | €487,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €136,060 | €64,040 | -€72,020 | -52.9% |
| Amounts payable | 17/49 | €94,856 | €115,976 | +€21,120 | +22.3% |
| Amounts payable within one year | 42/48 | €94,856 | €115,976 | +€21,120 | +22.3% |
| Trade debts | 44 | €10,004 | €4,197 | -€5,807 | -58.0% |
| Suppliers | 440/4 | €10,004 | €4,197 | -€5,807 | -58.0% |
| Taxes, remuneration and social security | 45 | €39,280 | €89,239 | +€49,959 | +127.2% |
| Taxes | 450/3 | €32,000 | €77,928 | +€45,928 | +143.5% |
| Remuneration and social security | 454/9 | €7,280 | €11,311 | +€4,031 | +55.4% |
| Other amounts payable | 47/48 | €45,572 | €22,540 | -€23,032 | -50.5% |
| Non-recurring operating income | 76A | - | €28,000 | +€28,000 | |
| Remuneration, social security and pensions | 62 | €81,856 | €82,604 | +€748 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,847 | €162,216 | +€110,368 | +212.9% |
| Other operating charges | 640/8 | €613 | €25,163 | +€24,550 | +4006.7% |
| Non-recurring operating charges | 66A | €1,556 | - | -€1,556 | |
| Gross operating margin | 9900 | €280,813 | €225,122 | -€55,691 | -19.8% |
| Operating profit (loss) | 9901 | €144,941 | -€44,861 | -€189,801 | |
| Financial income | 75/76B | €136 | €877 | +€741 | +545.6% |
| Recurring financial income | 75 | €136 | €877 | +€741 | +545.6% |
| Financial charges | 65/66B | €11,321 | €6,134 | -€5,187 | -45.8% |
| Recurring financial charges | 65 | €11,321 | €6,134 | -€5,187 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €133,755 | -€50,118 | -€183,873 | |
| Income taxes | 67/77 | €32,672 | €21,903 | -€10,770 | -33.0% |
| Profit (loss) for the period | 9904 | €101,083 | -€72,020 | -€173,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €101,083 | -€72,020 | -€173,103 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.