DEGIVE ET RENARD: what changed
DEGIVE ET RENARD
Largest movements
- Cash +€408,402
up €408,402 (+92.6%), from €441,160 to €849,562
mainly Net result for the year (+€626,673) and Tax, wage and social debts (+€118,200)
- Receivables within one year +€191,100
new in 2025: €191,100
- Tangible fixed assets -€27,542
down €27,542 (-5.7%), from €479,062 to €451,520
of which Furniture and vehicles: -€29,149
- Reserves +€366,586
up €366,586 (+145%), from €253,037 to €619,624
of which Distributable reserves: +€366,586
- Tax, wage and social debts +€118,200
up €118,200 (+1,618%), from €7,307 to €125,507
- Other debts +€115,221
up €115,221 (+104%), from €110,922 to €226,144
- Short-term financial debts +€52,876
up €52,876 (+247%), from €21,403 to €74,280
- Debts after one year -€46,294
down €46,294 (-18.9%), from €245,029 to €198,735
- Gross operating margin +€540,372
up €540,372 (+129%), from €417,350 to €957,722
- Turnover +€520,308
up €520,308 (+71.1%), from €731,771 to €1.3m
- Taxes +€210,147
up €210,147 (+360%), from €58,329 to €268,476
- Staff costs -€158,143
down €158,143 (-94.2%), from €167,818 to €9,675
- Purchases and services -€42,814
down €42,814 (-12.7%), from €337,172 to €294,357
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €925,322 | €1,495,043 | +€569,721 | +61.6% |
| Fixed assets | 21/28 | €481,562 | €454,020 | -€27,542 | -5.7% |
| Tangible fixed assets | 22/27 | €479,062 | €451,520 | -€27,542 | -5.7% |
| Land and buildings | 22 | €362,970 | €364,577 | +€1,607 | +0.4% |
| Furniture and vehicles | 24 | €116,092 | €86,943 | -€29,149 | -25.1% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €443,760 | €1,041,023 | +€597,263 | +135% |
| Amounts receivable within one year | 40/41 | - | €191,100 | +€191,100 | |
| Other amounts receivable | 41 | - | €191,100 | +€191,100 | |
| Cash at bank and in hand | 54/58 | €441,160 | €849,562 | +€408,402 | +92.6% |
| Deferred charges and accrued income | 490/1 | €2,600 | €360 | -€2,240 | -86.1% |
| Total equity and liabilities | 10/49 | €925,322 | €1,495,043 | +€569,721 | +61.6% |
| Equity | 10/15 | €461,554 | €828,141 | +€366,586 | +79.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €253,037 | €619,624 | +€366,586 | +145% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €246,787 | €613,374 | +€366,586 | +149% |
| Profit (loss) carried forward | 14 | €146,017 | €146,017 | = | 0.0% |
| Amounts payable | 17/49 | €463,768 | €666,902 | +€203,134 | +43.8% |
| Amounts payable after more than one year | 17 | €245,029 | €198,735 | -€46,294 | -18.9% |
| Financial debts | 170/4 | €245,029 | €198,735 | -€46,294 | -18.9% |
| Amounts payable within one year | 42/48 | €218,739 | €468,168 | +€249,428 | +114% |
| Current portion of amounts payable after more than one year | 42 | €61,245 | €39,335 | -€21,910 | -35.8% |
| Financial debts | 43 | €21,403 | €74,280 | +€52,876 | +247% |
| Credit institutions | 430/8 | €21,403 | €74,280 | +€52,876 | +247% |
| Trade debts | 44 | €17,862 | €2,902 | -€14,960 | -83.8% |
| Suppliers | 440/4 | €17,862 | €2,902 | -€14,960 | -83.8% |
| Taxes, remuneration and social security | 45 | €7,307 | €125,507 | +€118,200 | +1,618% |
| Taxes | 450/3 | €7,307 | €125,507 | +€118,200 | +1,618% |
| Other amounts payable | 47/48 | €110,922 | €226,144 | +€115,221 | +104% |
| Turnover | 70 | €731,771 | €1,252,079 | +€520,308 | +71.1% |
| Non-recurring operating income | 76A | €22,750 | - | -€22,750 | |
| Goods, raw materials, services and sundry goods | 60/61 | €337,172 | €294,357 | -€42,814 | -12.7% |
| Remuneration, social security and pensions | 62 | €167,818 | €9,675 | -€158,143 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,861 | €55,667 | +€7,805 | +16.3% |
| Other operating charges | 640/8 | €11,558 | €9,665 | -€1,894 | -16.4% |
| Gross operating margin | 9900 | €417,350 | €957,722 | +€540,372 | +129% |
| Operating profit (loss) | 9901 | €190,112 | €882,715 | +€692,604 | +364% |
| Financial income | 75/76B | €5,170 | €19,895 | +€14,725 | +285% |
| Recurring financial income | 75 | €5,170 | €19,895 | +€14,725 | +285% |
| Financial charges | 65/66B | €6,121 | €7,460 | +€1,339 | +21.9% |
| Recurring financial charges | 65 | €6,121 | €7,460 | +€1,339 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €189,161 | €895,150 | +€705,989 | +373% |
| Income taxes | 67/77 | €58,329 | €268,476 | +€210,147 | +360% |
| Profit (loss) for the period | 9904 | €130,832 | €626,673 | +€495,842 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €130,832 | €626,673 | +€495,842 | +379% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.