D-RENOVATIONS: 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-RENOVATIONS
Largest movements
- Tangible fixed assets -€15,794
down €15,794 (-100%), from €15,794 to €0
- Receivables within one year -€5,228
down €5,228 (-32.8%), from €15,953 to €10,725
of which Trade receivables: -€4,715
- Stocks and contracts -€2,000
down €2,000 (-83.3%), from €2,400 to €400
- Profit (loss) carried forward -€14,410
down €14,410 (-62.3%), from -€23,133 to -€37,543
- Debts after one year -€7,247
down €7,247 (-63.0%), from €11,507 to €4,260
of which Financial debts: -€4,390
- Trade debts -€3,335
down €3,335 (-27.0%), from €12,369 to €9,034
- Other debts +€3,175
new in 2025: €3,175
- Short-term financial debts -€788
down €788 (-9.7%), from €8,138 to €7,350
- Gross operating margin -€53,329
down €53,329 (-77.4%), from €68,925 to €15,597
- Staff costs -€47,643
down €47,643 (-69.6%), from €68,469 to €20,826
- Financial charges -€4,486
down €4,486 (-73.8%), from €6,079 to €1,593
of which Financial charges: -€2,631
- Depreciation -€4,132
down €4,132 (-100%), from €4,132 to €0
- Financial income -€1,202
down €1,202 (-94.1%), from €1,277 to €75
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,147 | €11,125 | -€23,022 | -67.4% |
| Fixed assets | 21/28 | €15,794 | €0 | -€15,794 | -100% |
| Tangible fixed assets | 22/27 | €15,794 | €0 | -€15,794 | -100% |
| Furniture and vehicles | 24 | €15,794 | €0 | -€15,794 | -100% |
| Current assets | 29/58 | €18,353 | €11,125 | -€7,228 | -39.4% |
| Stocks and contracts in progress | 3 | €2,400 | €400 | -€2,000 | -83.3% |
| Stocks | 30/36 | €2,400 | €400 | -€2,000 | -83.3% |
| Amounts receivable within one year | 40/41 | €15,953 | €10,725 | -€5,228 | -32.8% |
| Trade receivables | 40 | €10,865 | €6,150 | -€4,715 | -43.4% |
| Other amounts receivable | 41 | €5,088 | €4,575 | -€513 | -10.1% |
| Total equity and liabilities | 10/49 | €34,147 | €11,125 | -€23,022 | -67.4% |
| Equity | 10/15 | -€2,673 | -€17,083 | -€14,410 | -539% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,133 | -€37,543 | -€14,410 | -62.3% |
| Amounts payable | 17/49 | €36,820 | €28,208 | -€8,612 | -23.4% |
| Amounts payable after more than one year | 17 | €11,507 | €4,260 | -€7,247 | -63.0% |
| Financial debts | 170/4 | €8,650 | €4,260 | -€4,390 | -50.8% |
| Other amounts payable | 178/9 | €2,857 | €0 | -€2,857 | -100% |
| Amounts payable within one year | 42/48 | €25,314 | €23,948 | -€1,366 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €4,137 | €4,390 | +€253 | +6.1% |
| Financial debts | 43 | €8,138 | €7,350 | -€788 | -9.7% |
| Credit institutions | 430/8 | €8,138 | €7,350 | -€788 | -9.7% |
| Trade debts | 44 | €12,369 | €9,034 | -€3,335 | -27.0% |
| Suppliers | 440/4 | €12,369 | €9,034 | -€3,335 | -27.0% |
| Taxes, remuneration and social security | 45 | €670 | €0 | -€670 | -100% |
| Taxes | 450/3 | €670 | €0 | -€670 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €3,175 | +€3,175 | |
| Non-recurring operating income | 76A | €0 | €569 | +€569 | |
| Remuneration, social security and pensions | 62 | €68,469 | €20,826 | -€47,643 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,132 | €0 | -€4,132 | -100% |
| Other operating charges | 640/8 | €1,417 | €452 | -€965 | -68.1% |
| Non-recurring operating charges | 66A | - | €7,210 | +€7,210 | |
| Gross operating margin | 9900 | €68,925 | €15,597 | -€53,329 | -77.4% |
| Operating profit (loss) | 9901 | -€5,094 | -€12,892 | -€7,798 | -153% |
| Financial income | 75/76B | €1,277 | €75 | -€1,202 | -94.1% |
| Recurring financial income | 75 | €1,277 | €75 | -€1,202 | -94.1% |
| Financial charges | 65/66B | €6,079 | €1,593 | -€4,486 | -73.8% |
| Recurring financial charges | 65 | €4,224 | €1,593 | -€2,631 | -62.3% |
| Non-recurring financial charges | 66B | €1,854 | €0 | -€1,854 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€9,895 | -€14,410 | -€4,515 | -45.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€9,895 | -€14,410 | -€4,515 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,895 | -€14,410 | -€4,515 | -45.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.