DENDRON PATRIMOINE: what changed
What changed
DENDRON PATRIMOINE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€110,612
2024 · -€180,870+€70,258
Equity
-€479,131
2024 · -€368,519-€110,612
Cash
€43,637
2024 · €15,950+€27,687
Balance sheet total
€2.5m
2024 · €2.9m-€369,074
Largest movements
Assets
- Tangible fixed assets -€401,761
down €401,761 (-14.0%), from €2.9m to €2.5m
of which Land and buildings: -€364,018
Equity and liabilities
- Other debts -€154,629
down €154,629 (-7.4%), from €2.1m to €1.9m
- Profit (loss) carried forward -€110,612
down €110,612 (-17.0%), from -€649,772 to -€760,384
- Debts after one year -€107,719
down €107,719 (-10.0%), from €1.1m to €964,847
Income statement
- Gross operating margin +€77,938
up €77,938 (+40.7%), from €191,287 to €269,225
- Depreciation +€5,764
up €5,764 (+1.7%), from €343,836 to €349,600
- Write-downs +€5,000
new in 2025: €5,000
- Other operating charges -€3,471
down €3,471 (-26.5%), from €13,118 to €9,646
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€180,870
Gross operating margin
+€77,938
Staff costs
+€1,182
Depreciation
-€5,764
Write-downs
-€5,000
Other operating charges
+€3,471
Financial income
+€126
Financial charges
-€18
Taxes
-€1,678
Result 2025
-€110,612
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€81,776
Investment
+€52,161
Financing
-€106,250
Cash 2024
€15,950
From operations (derived)
+€81,776
Net result for the year
-€110,612
Depreciation
+€349,600
Receivables within one year
-€5,000
Trade debts
+€4,672
Tax, wage and social debts
-€2,255
Other debts
-€154,629
Investment (derived)
+€52,161
Investment in fixed assets (net)
+€52,161
Financing
-€106,250
Debts after one year
-€107,719
Current portion of long-term debt
+€1,469
Cash 2025
€43,637
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,903,712 | €2,534,638 | -€369,074 | -12.7% |
| Fixed assets | 21/28 | €2,887,762 | €2,486,001 | -€401,761 | -13.9% |
| Tangible fixed assets | 22/27 | €2,867,762 | €2,466,001 | -€401,761 | -14.0% |
| Land and buildings | 22 | €2,723,265 | €2,359,248 | -€364,018 | -13.4% |
| Furniture and vehicles | 24 | €144,497 | €106,754 | -€37,743 | -26.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €15,950 | €48,637 | +€32,687 | +205% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €15,950 | €43,637 | +€27,687 | +174% |
| Total equity and liabilities | 10/49 | €2,903,712 | €2,534,638 | -€369,074 | -12.7% |
| Equity | 10/15 | -€368,519 | -€479,131 | -€110,612 | -30.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €261,252 | €261,252 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,000 | €38,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,000 | €38,000 | = | 0.0% |
| Distributable reserves | 133 | €223,252 | €223,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€649,772 | -€760,384 | -€110,612 | -17.0% |
| Amounts payable | 17/49 | €3,272,231 | €3,013,769 | -€258,462 | -7.9% |
| Amounts payable after more than one year | 17 | €1,072,567 | €964,847 | -€107,719 | -10.0% |
| Financial debts | 170/4 | €1,072,567 | €964,847 | -€107,719 | -10.0% |
| Amounts payable within one year | 42/48 | €2,198,727 | €2,047,984 | -€150,743 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €106,250 | €107,719 | +€1,469 | +1.4% |
| Trade debts | 44 | €3,252 | €7,924 | +€4,672 | +144% |
| Suppliers | 440/4 | €3,252 | €7,924 | +€4,672 | +144% |
| Taxes, remuneration and social security | 45 | €3,266 | €1,011 | -€2,255 | -69.0% |
| Taxes | 450/3 | €266 | €1,011 | +€745 | +280% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €2,085,959 | €1,931,330 | -€154,629 | -7.4% |
| Accrued charges and deferred income | 492/3 | €937 | €937 | = | 0.0% |
| Non-recurring operating income | 76A | €69,837 | €101,714 | +€31,877 | +45.6% |
| Remuneration, social security and pensions | 62 | €1,274 | €92 | -€1,182 | -92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €343,836 | €349,600 | +€5,764 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €13,118 | €9,646 | -€3,471 | -26.5% |
| Gross operating margin | 9900 | €191,287 | €269,225 | +€77,938 | +40.7% |
| Operating profit (loss) | 9901 | -€166,942 | -€95,114 | +€71,828 | +43.0% |
| Financial income | 75/76B | €48 | €174 | +€126 | +263% |
| Recurring financial income | 75 | €48 | €174 | +€126 | +263% |
| Non-recurring financial income | 76B | - | €174 | +€174 | |
| Financial charges | 65/66B | €13,545 | €13,563 | +€18 | +0.1% |
| Recurring financial charges | 65 | €13,545 | €13,563 | +€18 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€180,439 | -€108,503 | +€71,936 | +39.9% |
| Income taxes | 67/77 | €431 | €2,109 | +€1,678 | +389% |
| Profit (loss) for the period | 9904 | -€180,870 | -€110,612 | +€70,258 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€180,870 | -€110,612 | +€70,258 | +38.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.