D-Reno: 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.
D-Reno
Largest movements
- Tangible fixed assets +€269,548
up €269,548 (+50.0%), from €538,758 to €808,306
of which Leasing and similar rights: +€206,988
- Receivables within one year +€96,305
up €96,305 (+119.8%), from €80,360 to €176,665
of which Other amounts receivable: +€67,105
- Cash -€26,322
down €26,322 (-47.9%), from €54,914 to €28,591
mainly Investment in fixed assets (net) (-€390,447) and Contributions, distributions and other (-€122,689)
- Stocks and contracts -€23,834
down €23,834 (-100.0%), from €23,834 to €0
- Deferred charges and accrued income +€21,099
up €21,099 (+378.1%), from €5,580 to €26,679
- Trade debts +€143,947
up €143,947 (+275.4%), from €52,262 to €196,209
- Reserves -€122,689
down €122,689 (-45.6%), from €269,329 to €146,641
- Profit (loss) carried forward +€80,082
up €80,082, from €0 to €80,082
- Current portion of long-term debt +€78,567
up €78,567 (+185.3%), from €42,406 to €120,972
- Debts after one year +€77,789
up €77,789 (+23.5%), from €331,588 to €409,378
- Gross operating margin +€224,980
up €224,980 (+79.2%), from €283,971 to €508,951
- Staff costs +€150,192
up €150,192 (+142.6%), from €105,288 to €255,480
- Depreciation +€80,135
up €80,135 (+192.4%), from €41,654 to €121,789
- Financial charges +€21,212
up €21,212 (+182.7%), from €11,612 to €32,823
- Taxes -€18,354
down €18,354 (-51.7%), from €35,531 to €17,176
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 | €706,248 | €1,042,155 | +€335,907 | +47.6% |
| Fixed assets | 21/28 | €541,561 | €810,219 | +€268,658 | +49.6% |
| Intangible fixed assets | 21 | €2,669 | €1,778 | -€890 | -33.4% |
| Tangible fixed assets | 22/27 | €538,758 | €808,306 | +€269,548 | +50.0% |
| Land and buildings | 22 | €285,033 | €354,884 | +€69,852 | +24.5% |
| Plant, machinery and equipment | 23 | €40,092 | €57,812 | +€17,720 | +44.2% |
| Furniture and vehicles | 24 | €102,734 | €86,269 | -€16,465 | -16.0% |
| Leasing and similar rights | 25 | €102,354 | €309,342 | +€206,988 | +202.2% |
| Other tangible fixed assets | 26 | €8,546 | €0 | -€8,546 | -100.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €164,687 | €231,936 | +€67,249 | +40.8% |
| Stocks and contracts in progress | 3 | €23,834 | €0 | -€23,834 | -100.0% |
| Contracts in progress | 37 | €23,834 | €0 | -€23,834 | -100.0% |
| Amounts receivable within one year | 40/41 | €80,360 | €176,665 | +€96,305 | +119.8% |
| Trade receivables | 40 | €38,335 | €67,536 | +€29,201 | +76.2% |
| Other amounts receivable | 41 | €42,025 | €109,130 | +€67,105 | +159.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €54,914 | €28,591 | -€26,322 | -47.9% |
| Deferred charges and accrued income | 490/1 | €5,580 | €26,679 | +€21,099 | +378.1% |
| Total equity and liabilities | 10/49 | €706,248 | €1,042,155 | +€335,907 | +47.6% |
| Equity | 10/15 | €269,429 | €226,823 | -€42,606 | -15.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €269,329 | €146,641 | -€122,689 | -45.6% |
| Distributable reserves | 133 | €269,329 | €146,641 | -€122,689 | -45.6% |
| Profit (loss) carried forward | 14 | €0 | €80,082 | +€80,082 | |
| Amounts payable | 17/49 | €436,819 | €815,332 | +€378,513 | +86.7% |
| Amounts payable after more than one year | 17 | €331,588 | €409,378 | +€77,789 | +23.5% |
| Financial debts | 170/4 | €331,588 | €409,378 | +€77,789 | +23.5% |
| Amounts payable within one year | 42/48 | €105,231 | €405,955 | +€300,724 | +285.8% |
| Current portion of amounts payable after more than one year | 42 | €42,406 | €120,972 | +€78,567 | +185.3% |
| Trade debts | 44 | €52,262 | €196,209 | +€143,947 | +275.4% |
| Suppliers | 440/4 | €52,262 | €196,209 | +€143,947 | +275.4% |
| Taxes, remuneration and social security | 45 | €10,563 | €31,049 | +€20,486 | +193.9% |
| Taxes | 450/3 | €3,570 | €24,420 | +€20,850 | +584.0% |
| Remuneration and social security | 454/9 | €6,993 | €6,629 | -€364 | -5.2% |
| Other amounts payable | 47/48 | €0 | €57,724 | +€57,724 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €105,288 | €255,480 | +€150,192 | +142.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,654 | €121,789 | +€80,135 | +192.4% |
| Other operating charges | 640/8 | €4,695 | €6,292 | +€1,598 | +34.0% |
| Gross operating margin | 9900 | €283,971 | €508,951 | +€224,980 | +79.2% |
| Operating profit (loss) | 9901 | €132,335 | €125,390 | -€6,945 | -5.2% |
| Financial income | 75/76B | €4,605 | €4,692 | +€87 | +1.9% |
| Recurring financial income | 75 | €4,605 | €4,692 | +€87 | +1.9% |
| Financial charges | 65/66B | €11,612 | €32,823 | +€21,212 | +182.7% |
| Recurring financial charges | 65 | €11,612 | €32,823 | +€21,212 | +182.7% |
| Profit (loss) for the period before taxes | 9903 | €125,328 | €97,258 | -€28,070 | -22.4% |
| Income taxes | 67/77 | €35,531 | €17,176 | -€18,354 | -51.7% |
| Profit (loss) for the period | 9904 | €89,797 | €80,082 | -€9,715 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €89,797 | €80,082 | -€9,715 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.