DENDRON: 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.
DENDRON
Largest movements
- Current investments +€35,472
new in 2025: €35,472
- Financial fixed assets -€21,442
no longer reported in 2025 (was €21,442)
- Cash -€17,829
down €17,829 (-27.2%), from €65,553 to €47,724
mainly Current investments (-€35,472) and Other debts (-€12,641)
- Receivables within one year +€5,531
up €5,531 (+6.2%), from €89,392 to €94,923
of which Trade receivables: +€3,068
- Profit (loss) carried forward +€16,612
up €16,612 (+88.6%), from -€18,746 to -€2,134
- Other debts -€12,641
down €12,641 (-99.8%), from €12,670 to €29
- Short-term financial debts -€3,648
down €3,648 (-84.5%), from €4,315 to €668
- Trade debts +€2,454
new in 2025: €2,454
- Financial charges -€5,828
down €5,828 (-85.4%), from €6,823 to €994
- Financial income -€3,386
down €3,386 (-28.7%), from €11,819 to €8,432
- Gross operating margin +€2,871
up €2,871 (+33.8%), from €8,486 to €11,358
- Taxes +€2,055
new in 2025: €2,055
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 | €176,387 | €178,119 | +€1,732 | +1.0% |
| Fixed assets | 21/28 | €21,442 | - | -€21,442 | |
| Financial fixed assets | 28 | €21,442 | - | -€21,442 | |
| Current assets | 29/58 | €154,945 | €178,119 | +€23,174 | +15.0% |
| Amounts receivable within one year | 40/41 | €89,392 | €94,923 | +€5,531 | +6.2% |
| Trade receivables | 40 | €3,129 | €6,197 | +€3,068 | +98.1% |
| Other amounts receivable | 41 | €86,263 | €88,726 | +€2,463 | +2.9% |
| Current investments | 50/53 | - | €35,472 | +€35,472 | |
| Cash at bank and in hand | 54/58 | €65,553 | €47,724 | -€17,829 | -27.2% |
| Total equity and liabilities | 10/49 | €176,387 | €178,119 | +€1,732 | +1.0% |
| Equity | 10/15 | €157,044 | €173,656 | +€16,612 | +10.6% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €5,790 | €5,790 | = | 0.0% |
| Distributable reserves | 133 | €5,790 | €5,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,746 | -€2,134 | +€16,612 | +88.6% |
| Amounts payable | 17/49 | €19,344 | €4,463 | -€14,880 | -76.9% |
| Amounts payable within one year | 42/48 | €19,344 | €4,463 | -€14,880 | -76.9% |
| Financial debts | 43 | €4,315 | €668 | -€3,648 | -84.5% |
| Other loans | 439 | €4,315 | €668 | -€3,648 | -84.5% |
| Trade debts | 44 | - | €2,454 | +€2,454 | |
| Suppliers | 440/4 | - | €2,454 | +€2,454 | |
| Taxes, remuneration and social security | 45 | €2,358 | €1,312 | -€1,046 | -44.3% |
| Taxes | 450/3 | €2,358 | €1,312 | -€1,046 | -44.3% |
| Other amounts payable | 47/48 | €12,670 | €29 | -€12,641 | -99.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €8,486 | €11,358 | +€2,871 | +33.8% |
| Operating profit (loss) | 9901 | €8,360 | €11,230 | +€2,869 | +34.3% |
| Financial income | 75/76B | €11,819 | €8,432 | -€3,386 | -28.7% |
| Recurring financial income | 75 | €11,819 | €8,432 | -€3,386 | -28.7% |
| Financial charges | 65/66B | €6,823 | €994 | -€5,828 | -85.4% |
| Recurring financial charges | 65 | €6,823 | €994 | -€5,828 | -85.4% |
| Profit (loss) for the period before taxes | 9903 | €13,356 | €18,668 | +€5,311 | +39.8% |
| Income taxes | 67/77 | - | €2,055 | +€2,055 | |
| Profit (loss) for the period | 9904 | €13,356 | €16,612 | +€3,256 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,356 | €16,612 | +€3,256 | +24.4% |
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 1 October 2026 via checked.be.