Denduyver Sandy: 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.
Denduyver Sandy
Largest movements
- Receivables within one year +€8,604
up €8,604 (+102%), from €8,439 to €17,043
of which Other amounts receivable: +€10,588
- Tangible fixed assets -€6,400
down €6,400 (-27.6%), from €23,161 to €16,762
- Cash +€1,095
new in 2025: €1,095
mainly Net result for the year (+€15,197) and Depreciation (+€6,400)
- Profit (loss) carried forward +€15,197
up €15,197 (+123%), from €12,318 to €27,515
- Short-term financial debts -€10,393
no longer reported in 2025 (was €10,393)
- Debts after one year -€6,492
down €6,492 (-35.9%), from €18,064 to €11,573
- Tax, wage and social debts +€4,396
up €4,396 (+153%), from €2,882 to €7,278
- Gross operating margin +€21,231
up €21,231 (+140%), from €15,180 to €36,412
- Taxes +€4,376
up €4,376 (+196%), from €2,233 to €6,610
- Financial charges +€751
up €751 (+13.3%), from €5,639 to €6,390
- Financial income -€399
down €399 (-95.1%), from €419 to €20
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.
Derived cash bridge
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 | €92,461 | €95,087 | +€2,626 | +2.8% |
| Fixed assets | 21/28 | €23,161 | €16,762 | -€6,400 | -27.6% |
| Tangible fixed assets | 22/27 | €23,161 | €16,762 | -€6,400 | -27.6% |
| Furniture and vehicles | 24 | €23,161 | €16,762 | -€6,400 | -27.6% |
| Current assets | 29/58 | €69,300 | €78,325 | +€9,025 | +13.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,439 | €17,043 | +€8,604 | +102% |
| Trade receivables | 40 | €6,240 | €4,256 | -€1,984 | -31.8% |
| Other amounts receivable | 41 | €2,200 | €12,787 | +€10,588 | +481% |
| Cash at bank and in hand | 54/58 | - | €1,095 | +€1,095 | |
| Deferred charges and accrued income | 490/1 | €860 | €187 | -€674 | -78.3% |
| Total equity and liabilities | 10/49 | €92,461 | €95,087 | +€2,626 | +2.8% |
| Equity | 10/15 | €52,461 | €67,658 | +€15,197 | +29.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,943 | €33,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,083 | €10,083 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,318 | €27,515 | +€15,197 | +123% |
| Amounts payable | 17/49 | €40,000 | €27,428 | -€12,571 | -31.4% |
| Amounts payable after more than one year | 17 | €18,064 | €11,573 | -€6,492 | -35.9% |
| Financial debts | 170/4 | €18,064 | €11,573 | -€6,492 | -35.9% |
| Amounts payable within one year | 42/48 | €21,331 | €15,251 | -€6,080 | -28.5% |
| Current portion of amounts payable after more than one year | 42 | €6,173 | €6,492 | +€319 | +5.2% |
| Financial debts | 43 | €10,393 | - | -€10,393 | |
| Credit institutions | 430/8 | €10,393 | - | -€10,393 | |
| Trade debts | 44 | €1,883 | €1,481 | -€402 | -21.3% |
| Suppliers | 440/4 | €1,883 | €1,481 | -€402 | -21.3% |
| Taxes, remuneration and social security | 45 | €2,882 | €7,278 | +€4,396 | +153% |
| Taxes | 450/3 | €2,882 | €7,278 | +€4,396 | +153% |
| Accrued charges and deferred income | 492/3 | €605 | €605 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,400 | €6,400 | = | 0.0% |
| Other operating charges | 640/8 | €1,647 | €1,836 | +€189 | +11.5% |
| Gross operating margin | 9900 | €15,180 | €36,412 | +€21,231 | +140% |
| Operating profit (loss) | 9901 | €7,134 | €28,176 | +€21,042 | +295% |
| Financial income | 75/76B | €419 | €20 | -€399 | -95.1% |
| Recurring financial income | 75 | €419 | €20 | -€399 | -95.1% |
| Financial charges | 65/66B | €5,639 | €6,390 | +€751 | +13.3% |
| Recurring financial charges | 65 | €5,639 | €6,390 | +€751 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €1,914 | €21,807 | +€19,893 | +1,039% |
| Income taxes | 67/77 | €2,233 | €6,610 | +€4,376 | +196% |
| Profit (loss) for the period | 9904 | -€319 | €15,197 | +€15,517 | |
| Profit (loss) for the period to be appropriated | 9905 | -€319 | €15,197 | +€15,517 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.