FISCALI DENDRE: 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.
FISCALI DENDRE
Largest movements
- Intangible fixed assets -€30,450
down €30,450 (-32.5%), from €93,670 to €63,220
- Cash +€8,597
up €8,597 (+89.9%), from €9,558 to €18,154
mainly Tax, wage and social debts (+€46,435) and Depreciation (+€36,580)
- Deferred charges and accrued income +€6,199
up €6,199 (+536.0%), from €1,157 to €7,356
- Tangible fixed assets -€6,130
down €6,130 (-79.5%), from €7,712 to €1,582
of which Furniture and vehicles: -€5,904
- Profit (loss) carried forward -€54,540
down €54,540, from €18,064 to -€36,475
- Tax, wage and social debts +€46,435
up €46,435 (+38.9%), from €119,400 to €165,835
of which Remuneration and social security: +€48,765
- Debts after one year -€21,071
down €21,071 (-22.7%), from €92,737 to €71,667
- Trade debts +€12,555
up €12,555 (+38.5%), from €32,576 to €45,131
- Turnover -€68,295
down €68,295 (-11.9%), from €574,345 to €506,050
- Purchases and services -€39,824
down €39,824 (-15.1%), from €263,083 to €223,259
- Gross operating margin -€19,184
down €19,184 (-5.1%), from €375,986 to €356,801
- Staff costs +€11,436
up €11,436 (+3.3%), from €344,313 to €355,750
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 | €319,849 | €299,230 | -€20,619 | -6.4% |
| Fixed assets | 21/28 | €101,382 | €64,802 | -€36,580 | -36.1% |
| Intangible fixed assets | 21 | €93,670 | €63,220 | -€30,450 | -32.5% |
| Tangible fixed assets | 22/27 | €7,712 | €1,582 | -€6,130 | -79.5% |
| Furniture and vehicles | 24 | €7,256 | €1,352 | -€5,904 | -81.4% |
| Other tangible fixed assets | 26 | €456 | €230 | -€226 | -49.6% |
| Current assets | 29/58 | €218,467 | €234,428 | +€15,961 | +7.3% |
| Amounts receivable within one year | 40/41 | €207,753 | €208,917 | +€1,165 | +0.6% |
| Trade receivables | 40 | €207,753 | €208,222 | +€469 | +0.2% |
| Other amounts receivable | 41 | €0 | €695 | +€695 | +6954400.0% |
| Cash at bank and in hand | 54/58 | €9,558 | €18,154 | +€8,597 | +89.9% |
| Deferred charges and accrued income | 490/1 | €1,157 | €7,356 | +€6,199 | +536.0% |
| Total equity and liabilities | 10/49 | €319,849 | €299,230 | -€20,619 | -6.4% |
| Equity | 10/15 | €50,066 | -€4,473 | -€54,540 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,402 | €13,402 | = | 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% |
| Distributable reserves | 133 | €11,542 | €11,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,064 | -€36,475 | -€54,540 | |
| Amounts payable | 17/49 | €269,782 | €303,703 | +€33,921 | +12.6% |
| Amounts payable after more than one year | 17 | €92,737 | €71,667 | -€21,071 | -22.7% |
| Financial debts | 170/4 | €92,737 | €71,667 | -€21,071 | -22.7% |
| Amounts payable within one year | 42/48 | €176,240 | €232,036 | +€55,796 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €24,264 | €21,071 | -€3,194 | -13.2% |
| Trade debts | 44 | €32,576 | €45,131 | +€12,555 | +38.5% |
| Suppliers | 440/4 | €32,576 | €45,131 | +€12,555 | +38.5% |
| Taxes, remuneration and social security | 45 | €119,400 | €165,835 | +€46,435 | +38.9% |
| Taxes | 450/3 | €64,326 | €61,996 | -€2,330 | -3.6% |
| Remuneration and social security | 454/9 | €55,074 | €103,839 | +€48,765 | +88.5% |
| Accrued charges and deferred income | 492/3 | €805 | - | -€805 | |
| Turnover | 70 | €574,345 | €506,050 | -€68,295 | -11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €263,083 | €223,259 | -€39,824 | -15.1% |
| Remuneration, social security and pensions | 62 | €344,313 | €355,750 | +€11,436 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,955 | €36,580 | -€1,375 | -3.6% |
| Other operating charges | 640/8 | €2,799 | €1,727 | -€1,072 | -38.3% |
| Gross operating margin | 9900 | €375,986 | €356,801 | -€19,184 | -5.1% |
| Operating profit (loss) | 9901 | -€9,081 | -€37,255 | -€28,174 | -310.2% |
| Financial income | 75/76B | €2,307 | €74 | -€2,234 | -96.8% |
| Recurring financial income | 75 | €2,307 | €74 | -€2,234 | -96.8% |
| Financial charges | 65/66B | €15,663 | €17,218 | +€1,555 | +9.9% |
| Recurring financial charges | 65 | €15,663 | €17,218 | +€1,555 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,437 | -€54,399 | -€31,962 | -142.5% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€22,576 | -€54,540 | -€31,963 | -141.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,576 | -€54,540 | -€31,963 | -141.6% |
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 4 October 2026 via checked.be.