DENDUYVER: 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.
DENDUYVER
Largest movements
- Receivables within one year +€12,064
new in 2025: €12,064
- Stocks and contracts -€7,560
no longer reported in 2025 (was €7,560)
- Cash +€3,915
up €3,915 (+14.9%), from €26,336 to €30,251
mainly Stocks and contracts (+€7,560) and Net result for the year (+€7,068)
- Tangible fixed assets -€3,473
down €3,473 (-34.0%), from €10,201 to €6,727
of which Plant, machinery and equipment: -€1,815
- Debts after one year -€7,500
down €7,500 (-42.9%), from €17,500 to €10,000
- Reserves +€6,000
up €6,000 (+98.2%), from €6,110 to €12,110
of which Distributable reserves: +€6,000
- Tax, wage and social debts +€3,929
up €3,929 (+207.7%), from €1,892 to €5,821
- Other debts +€1,166
up €1,166 (+173.8%), from €671 to €1,837
- Profit (loss) carried forward +€1,068
up €1,068, from -€479 to €589
- Gross operating margin +€6,490
up €6,490 (+79.9%), from €8,121 to €14,611
- Taxes +€2,848
up €2,848 (+517.8%), from €550 to €3,398
- Depreciation -€382
down €382 (-9.9%), from €3,855 to €3,473
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 | €44,471 | €49,042 | +€4,571 | +10.3% |
| Fixed assets | 21/28 | €10,201 | €6,727 | -€3,473 | -34.0% |
| Tangible fixed assets | 22/27 | €10,201 | €6,727 | -€3,473 | -34.0% |
| Plant, machinery and equipment | 23 | €3,686 | €1,871 | -€1,815 | -49.2% |
| Furniture and vehicles | 24 | €1,282 | - | -€1,282 | |
| Other tangible fixed assets | 26 | €5,232 | €4,856 | -€376 | -7.2% |
| Current assets | 29/58 | €34,271 | €42,315 | +€8,044 | +23.5% |
| Stocks and contracts in progress | 3 | €7,560 | - | -€7,560 | |
| Stocks | 30/36 | €7,560 | - | -€7,560 | |
| Amounts receivable within one year | 40/41 | - | €12,064 | +€12,064 | |
| Trade receivables | 40 | - | €12,064 | +€12,064 | |
| Cash at bank and in hand | 54/58 | €26,336 | €30,251 | +€3,915 | +14.9% |
| Deferred charges and accrued income | 490/1 | €375 | - | -€375 | |
| Total equity and liabilities | 10/49 | €44,471 | €49,042 | +€4,571 | +10.3% |
| Equity | 10/15 | €24,231 | €31,299 | +€7,068 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,110 | €12,110 | +€6,000 | +98.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,250 | €10,250 | +€6,000 | +141.2% |
| Profit (loss) carried forward | 14 | -€479 | €589 | +€1,068 | |
| Amounts payable | 17/49 | €20,241 | €17,743 | -€2,498 | -12.3% |
| Amounts payable after more than one year | 17 | €17,500 | €10,000 | -€7,500 | -42.9% |
| Other amounts payable | 178/9 | €17,500 | €10,000 | -€7,500 | -42.9% |
| Amounts payable within one year | 42/48 | €2,741 | €7,743 | +€5,002 | +182.5% |
| Trade debts | 44 | €178 | €85 | -€93 | -52.3% |
| Suppliers | 440/4 | €178 | €85 | -€93 | -52.3% |
| Taxes, remuneration and social security | 45 | €1,892 | €5,821 | +€3,929 | +207.7% |
| Taxes | 450/3 | €1,892 | €5,821 | +€3,929 | +207.7% |
| Other amounts payable | 47/48 | €671 | €1,837 | +€1,166 | +173.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,855 | €3,473 | -€382 | -9.9% |
| Other operating charges | 640/8 | €513 | €586 | +€72 | +14.1% |
| Gross operating margin | 9900 | €8,121 | €14,611 | +€6,490 | +79.9% |
| Operating profit (loss) | 9901 | €3,753 | €10,552 | +€6,800 | +181.2% |
| Financial income | 75/76B | €16 | €5 | -€11 | -65.9% |
| Recurring financial income | 75 | €16 | €5 | -€11 | -65.9% |
| Financial charges | 65/66B | €98 | €91 | -€6 | -6.6% |
| Recurring financial charges | 65 | €98 | €91 | -€6 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €3,671 | €10,467 | +€6,795 | +185.1% |
| Income taxes | 67/77 | €550 | €3,398 | +€2,848 | +517.8% |
| Profit (loss) for the period | 9904 | €3,121 | €7,068 | +€3,947 | +126.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,121 | €7,068 | +€3,947 | +126.5% |
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.