DAN-RENOV: 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.
DAN-RENOV
Largest movements
- Tangible fixed assets +€205,871
up €205,871 (+33.0%), from €622,984 to €828,854
of which Furniture and vehicles: +€124,432
- Cash +€33,841
up €33,841 (+53.1%), from €63,768 to €97,609
mainly Net result for the year (+€227,279) and Debts after one year (+€131,679)
- Receivables within one year +€16,925
up €16,925 (+18.5%), from €91,691 to €108,616
of which Other amounts receivable: +€21,499
- Receivables after one year -€14,038
no longer reported in 2025 (was €14,038)
- Debts after one year +€131,679
up €131,679 (+45.1%), from €291,876 to €423,555
- Profit (loss) carried forward +€77,279
up €77,279 (+46.7%), from €165,520 to €242,799
- Current portion of long-term debt +€28,149
up €28,149 (+68.4%), from €41,183 to €69,332
- Trade debts +€21,851
up €21,851 (+23.6%), from €92,432 to €114,283
- Tax, wage and social debts -€15,129
down €15,129 (-26.7%), from €56,588 to €41,459
of which Taxes: -€15,279
- Turnover +€131,012
up €131,012 (+6.6%), from €2.0m to €2.1m
- Gross operating margin +€113,041
up €113,041 (+44.0%), from €257,081 to €370,122
- Other operating charges -€42,260
down €42,260 (-89.0%), from €47,501 to €5,242
- Taxes +€38,101
up €38,101 (+98.6%), from €38,652 to €76,753
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 | €798,163 | €1,045,207 | +€247,044 | +31.0% |
| Fixed assets | 21/28 | €622,984 | €828,854 | +€205,871 | +33.0% |
| Tangible fixed assets | 22/27 | €622,984 | €828,854 | +€205,871 | +33.0% |
| Land and buildings | 22 | €312,048 | €302,458 | -€9,590 | -3.1% |
| Plant, machinery and equipment | 23 | €3,567 | €92,967 | +€89,401 | +2,506% |
| Furniture and vehicles | 24 | €121,110 | €245,542 | +€124,432 | +103% |
| Assets under construction and advance payments | 27 | €186,258 | €187,887 | +€1,629 | +0.9% |
| Current assets | 29/58 | €175,180 | €216,353 | +€41,173 | +23.5% |
| Amounts receivable after more than one year | 29 | €14,038 | - | -€14,038 | |
| Other amounts receivable | 291 | €14,038 | - | -€14,038 | |
| Amounts receivable within one year | 40/41 | €91,691 | €108,616 | +€16,925 | +18.5% |
| Trade receivables | 40 | €62,897 | €58,323 | -€4,575 | -7.3% |
| Other amounts receivable | 41 | €28,794 | €50,293 | +€21,499 | +74.7% |
| Cash at bank and in hand | 54/58 | €63,768 | €97,609 | +€33,841 | +53.1% |
| Deferred charges and accrued income | 490/1 | €5,683 | €10,128 | +€4,445 | +78.2% |
| Total equity and liabilities | 10/49 | €798,163 | €1,045,207 | +€247,044 | +31.0% |
| Equity | 10/15 | €185,980 | €263,259 | +€77,279 | +41.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €165,520 | €242,799 | +€77,279 | +46.7% |
| Amounts payable | 17/49 | €612,183 | €781,948 | +€169,765 | +27.7% |
| Amounts payable after more than one year | 17 | €291,876 | €423,555 | +€131,679 | +45.1% |
| Financial debts | 170/4 | €291,876 | €423,555 | +€131,679 | +45.1% |
| Amounts payable within one year | 42/48 | €320,307 | €358,393 | +€38,086 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €41,183 | €69,332 | +€28,149 | +68.4% |
| Financial debts | 43 | €15,041 | €14,287 | -€754 | -5.0% |
| Credit institutions | 430/8 | €15,041 | €14,287 | -€754 | -5.0% |
| Trade debts | 44 | €92,432 | €114,283 | +€21,851 | +23.6% |
| Suppliers | 440/4 | €92,432 | €114,283 | +€21,851 | +23.6% |
| Taxes, remuneration and social security | 45 | €56,588 | €41,459 | -€15,129 | -26.7% |
| Taxes | 450/3 | €56,588 | €41,309 | -€15,279 | -27.0% |
| Remuneration and social security | 454/9 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €115,064 | €119,032 | +€3,968 | +3.4% |
| Turnover | 70 | €1,982,472 | €2,113,484 | +€131,012 | +6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,725,392 | €1,743,362 | +€17,970 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,124 | €52,418 | +€12,294 | +30.6% |
| Other operating charges | 640/8 | €47,501 | €5,242 | -€42,260 | -89.0% |
| Non-recurring operating charges | 66A | €731 | €811 | +€80 | +10.9% |
| Gross operating margin | 9900 | €257,081 | €370,122 | +€113,041 | +44.0% |
| Operating profit (loss) | 9901 | €168,725 | €311,652 | +€142,927 | +84.7% |
| Financial income | 75/76B | €1,474 | €2,367 | +€893 | +60.6% |
| Recurring financial income | 75 | €1,474 | €2,367 | +€893 | +60.6% |
| Financial charges | 65/66B | €7,082 | €9,987 | +€2,905 | +41.0% |
| Recurring financial charges | 65 | €7,082 | €9,987 | +€2,905 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €163,117 | €304,032 | +€140,915 | +86.4% |
| Income taxes | 67/77 | €38,652 | €76,753 | +€38,101 | +98.6% |
| Profit (loss) for the period | 9904 | €124,465 | €227,279 | +€102,814 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €124,465 | €227,279 | +€102,814 | +82.6% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.