DENIS RENOV: what changed
DENIS RENOV
Largest movements
- Receivables within one year -€6,745
down €6,745 (-26.6%), from €25,378 to €18,633
of which Other amounts receivable: -€4,039
- Deferred charges and accrued income -€4,133
no longer reported in 2025 (was €4,133)
- Cash -€4,027
down €4,027 (-71.7%), from €5,616 to €1,589
mainly Trade debts (-€19,435) and Investment in fixed assets (net) (-€2,313)
- Tangible fixed assets -€2,463
down €2,463 (-13.2%), from €18,596 to €16,134
- Trade debts -€19,435
down €19,435 (-95.2%), from €20,410 to €975
of which Bills of exchange payable: -€19,380
- Profit (loss) carried forward +€1,223
up €1,223 (+120%), from €1,019 to €2,242
- Tax, wage and social debts +€845
up €845 (+171%), from €493 to €1,339
- Turnover -€37,177
no longer reported in 2025 (was €37,177)
- Purchases and services -€34,904
no longer reported in 2025 (was €34,904)
- Gross operating margin +€5,210
up €5,210 (+229%), from €2,272 to €7,482
- Depreciation +€4,135
up €4,135 (+645%), from €641 to €4,776
- Taxes +€621
new in 2025: €621
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 | €53,723 | €36,356 | -€17,367 | -32.3% |
| Fixed assets | 21/28 | €18,596 | €16,134 | -€2,463 | -13.2% |
| Tangible fixed assets | 22/27 | €18,596 | €16,134 | -€2,463 | -13.2% |
| Furniture and vehicles | 24 | €18,596 | €16,134 | -€2,463 | -13.2% |
| Current assets | 29/58 | €35,127 | €20,222 | -€14,905 | -42.4% |
| Amounts receivable within one year | 40/41 | €25,378 | €18,633 | -€6,745 | -26.6% |
| Trade receivables | 40 | €20,705 | €18,000 | -€2,705 | -13.1% |
| Other amounts receivable | 41 | €4,672 | €633 | -€4,039 | -86.5% |
| Cash at bank and in hand | 54/58 | €5,616 | €1,589 | -€4,027 | -71.7% |
| Deferred charges and accrued income | 490/1 | €4,133 | - | -€4,133 | |
| Total equity and liabilities | 10/49 | €53,723 | €36,356 | -€17,367 | -32.3% |
| Equity | 10/15 | €6,019 | €7,242 | +€1,223 | +20.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,019 | €2,242 | +€1,223 | +120% |
| Amounts payable | 17/49 | €47,704 | €29,114 | -€18,590 | -39.0% |
| Amounts payable within one year | 42/48 | €47,704 | €29,114 | -€18,590 | -39.0% |
| Trade debts | 44 | €20,410 | €975 | -€19,435 | -95.2% |
| Suppliers | 440/4 | €953 | €899 | -€55 | -5.7% |
| Bills of exchange payable | 441 | €19,456 | €76 | -€19,380 | -99.6% |
| Taxes, remuneration and social security | 45 | €493 | €1,339 | +€845 | +171% |
| Taxes | 450/3 | €493 | €1,339 | +€845 | +171% |
| Other amounts payable | 47/48 | €26,801 | €26,801 | = | 0.0% |
| Turnover | 70 | €37,177 | - | -€37,177 | |
| Non-recurring operating income | 76A | €641 | - | -€641 | |
| Goods, raw materials, services and sundry goods | 60/61 | €34,904 | - | -€34,904 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €641 | €4,776 | +€4,135 | +645% |
| Other operating charges | 640/8 | €51 | €669 | +€617 | +1,202% |
| Gross operating margin | 9900 | €2,272 | €7,482 | +€5,210 | +229% |
| Operating profit (loss) | 9901 | €1,580 | €2,038 | +€458 | +29.0% |
| Financial charges | 65/66B | €0 | €262 | +€262 | +1,308,550% |
| Recurring financial charges | 65 | €0 | €262 | +€262 | +1,308,550% |
| Profit (loss) for the period before taxes | 9903 | €1,580 | €1,776 | +€196 | +12.4% |
| Income taxes | 67/77 | - | €621 | +€621 | |
| Profit (loss) for the period | 9904 | €1,580 | €1,156 | -€424 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,580 | €1,156 | -€424 | -26.9% |
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.