DERENNE finances: what changed
What changed
DERENNE finances
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€120,941
2024 · €170,486-€49,545
Equity
€1.0m
2024 · €947,235+€57,304
Cash
€876,164
2024 · €208,521+€667,643
Balance sheet total
€1.6m
2024 · €1.6m-€13,288
Largest movements
Assets
- Cash +€667,643
up €667,643 (+320%), from €208,521 to €876,164
mainly Current investments (+€550,000) and Depreciation (+€140,997)
- Current investments -€550,000
down €550,000 (-100%), from €550,000 to €0
- Intangible fixed assets -€102,500
down €102,500 (-40.6%), from €252,565 to €150,065
- Tangible fixed assets -€38,497
down €38,497 (-9.1%), from €424,735 to €386,238
of which Land and buildings: -€31,652
Equity and liabilities
- Debts after one year -€115,112
down €115,112 (-32.5%), from €354,050 to €238,938
- Reserves +€57,304
up €57,304 (+7.5%), from €768,235 to €825,539
of which Distributable reserves: +€57,304
- Other debts +€44,783
up €44,783 (+355%), from €12,629 to €57,412
Income statement
- Gross operating margin -€39,916
down €39,916 (-4.9%), from €820,573 to €780,657
- Staff costs +€31,651
up €31,651 (+7.9%), from €402,701 to €434,352
- Taxes -€19,018
down €19,018 (-23.8%), from €80,006 to €60,988
- Depreciation -€11,862
down €11,862 (-7.8%), from €152,859 to €140,997
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.
Result 2024
€170,486
Gross operating margin
-€39,916
Staff costs
-€31,651
Depreciation
+€11,862
Other operating charges
+€765
Financial income
-€2,431
Financial charges
-€7,192
Taxes
+€19,018
Result 2025
€120,941
raises the resultlowers the result
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.
From operations
+€291,904
Investment
+€550,000
Financing
-€174,261
Cash 2024
€208,521
From operations (derived)
+€291,904
Net result for the year
+€120,941
Depreciation
+€140,997
Receivables within one year
-€2,107
Deferred charges and accrued income
-€7,959
Trade debts
+€2,872
Tax, wage and social debts
-€6,988
Other debts
+€44,783
Accrued charges and deferred income
-€635
Investment (derived)
+€550,000
Current investments
+€550,000
Financing
-€174,261
Debts after one year
-€115,112
Current portion of long-term debt
+€12,617
Short-term financial debts
-€8,129
Contributions, distributions and other
-€63,637
Cash 2025
€876,164
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,576,921 | €1,563,633 | -€13,288 | -0.8% |
| Fixed assets | 21/28 | €681,186 | €540,189 | -€140,997 | -20.7% |
| Intangible fixed assets | 21 | €252,565 | €150,065 | -€102,500 | -40.6% |
| Tangible fixed assets | 22/27 | €424,735 | €386,238 | -€38,497 | -9.1% |
| Land and buildings | 22 | €413,193 | €381,541 | -€31,652 | -7.7% |
| Plant, machinery and equipment | 23 | €3,496 | €2,382 | -€1,114 | -31.9% |
| Furniture and vehicles | 24 | €8,046 | €2,315 | -€5,731 | -71.2% |
| Financial fixed assets | 28 | €3,886 | €3,886 | = | 0.0% |
| Current assets | 29/58 | €895,735 | €1,023,444 | +€127,709 | +14.3% |
| Amounts receivable within one year | 40/41 | €80,480 | €82,587 | +€2,107 | +2.6% |
| Trade receivables | 40 | €80,480 | €82,587 | +€2,107 | +2.6% |
| Current investments | 50/53 | €550,000 | €0 | -€550,000 | -100% |
| Cash at bank and in hand | 54/58 | €208,521 | €876,164 | +€667,643 | +320% |
| Deferred charges and accrued income | 490/1 | €56,734 | €64,693 | +€7,959 | +14.0% |
| Total equity and liabilities | 10/49 | €1,576,921 | €1,563,633 | -€13,288 | -0.8% |
| Equity | 10/15 | €947,235 | €1,004,539 | +€57,304 | +6.0% |
| Contributions | 10/11 | €179,000 | €179,000 | = | 0.0% |
| Capital | 10 | €179,000 | €179,000 | = | 0.0% |
| Issued capital | 100 | €179,000 | €179,000 | = | 0.0% |
| Reserves | 13 | €768,235 | €825,539 | +€57,304 | +7.5% |
| Non-distributable reserves | 130/1 | €17,900 | €17,900 | = | 0.0% |
| Legal reserve | 130 | €17,900 | €17,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €675,335 | €732,639 | +€57,304 | +8.5% |
| Amounts payable | 17/49 | €629,686 | €559,094 | -€70,592 | -11.2% |
| Amounts payable after more than one year | 17 | €354,050 | €238,938 | -€115,112 | -32.5% |
| Financial debts | 170/4 | €354,050 | €238,938 | -€115,112 | -32.5% |
| Amounts payable within one year | 42/48 | €275,001 | €320,156 | +€45,155 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €113,281 | €125,898 | +€12,617 | +11.1% |
| Financial debts | 43 | €44,570 | €36,441 | -€8,129 | -18.2% |
| Other loans | 439 | €44,570 | €36,441 | -€8,129 | -18.2% |
| Trade debts | 44 | €25,134 | €28,006 | +€2,872 | +11.4% |
| Suppliers | 440/4 | €25,134 | €28,006 | +€2,872 | +11.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €79,387 | €72,399 | -€6,988 | -8.8% |
| Taxes | 450/3 | €31,443 | €26,141 | -€5,302 | -16.9% |
| Remuneration and social security | 454/9 | €47,944 | €46,258 | -€1,686 | -3.5% |
| Other amounts payable | 47/48 | €12,629 | €57,412 | +€44,783 | +355% |
| Accrued charges and deferred income | 492/3 | €635 | - | -€635 | |
| Remuneration, social security and pensions | 62 | €402,701 | €434,352 | +€31,651 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152,859 | €140,997 | -€11,862 | -7.8% |
| Other operating charges | 640/8 | €8,522 | €7,757 | -€765 | -9.0% |
| Gross operating margin | 9900 | €820,573 | €780,657 | -€39,916 | -4.9% |
| Operating profit (loss) | 9901 | €256,491 | €197,551 | -€58,940 | -23.0% |
| Financial income | 75/76B | €10,656 | €8,225 | -€2,431 | -22.8% |
| Recurring financial income | 75 | €10,656 | €8,225 | -€2,431 | -22.8% |
| Financial charges | 65/66B | €16,655 | €23,847 | +€7,192 | +43.2% |
| Recurring financial charges | 65 | €16,655 | €23,847 | +€7,192 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €250,492 | €181,929 | -€68,563 | -27.4% |
| Income taxes | 67/77 | €80,006 | €60,988 | -€19,018 | -23.8% |
| Profit (loss) for the period | 9904 | €170,486 | €120,941 | -€49,545 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €170,486 | €120,941 | -€49,545 | -29.1% |
Next steps
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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 7 November 2026 via checked.be.