DND RENOVE: 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.
DND RENOVE
Largest movements
- Receivables within one year -€67,063
down €67,063 (-57.3%), from €117,115 to €50,052
of which Trade receivables: -€69,697
- Cash -€37,326
down €37,326 (-32.9%), from €113,328 to €76,002
- Tangible fixed assets +€6,776
up €6,776 (+998%), from €679 to €7,454
of which Furniture and vehicles: +€7,194
- Accrued charges and deferred income -€38,794
no longer reported in 2025 (was €38,794)
- Other debts -€28,263
down €28,263 (-37.9%), from €74,653 to €46,390
- Profit (loss) carried forward -€17,799
down €17,799 (-22.1%), from €80,677 to €62,878
- Tax, wage and social debts -€8,173
down €8,173 (-96.5%), from €8,474 to €301
- Gross operating margin -€58,413
down €58,413 (-85.9%), from €68,012 to €9,599
- Taxes -€13,579
down €13,579 (-97.8%), from €13,880 to €301
- Depreciation +€6,960
up €6,960 (+1,153%), from €604 to €7,563
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,534 | €134,854 | -€96,680 | -41.8% |
| Fixed assets | 21/28 | €679 | €7,454 | +€6,776 | +998% |
| Tangible fixed assets | 22/27 | €679 | €7,454 | +€6,776 | +998% |
| Plant, machinery and equipment | 23 | €419 | - | -€419 | |
| Furniture and vehicles | 24 | €260 | €7,454 | +€7,194 | +2,767% |
| Current assets | 29/58 | €230,855 | €127,400 | -€103,456 | -44.8% |
| Amounts receivable within one year | 40/41 | €117,115 | €50,052 | -€67,063 | -57.3% |
| Trade receivables | 40 | €97,973 | €28,276 | -€69,697 | -71.1% |
| Other amounts receivable | 41 | €19,143 | €21,776 | +€2,634 | +13.8% |
| Cash at bank and in hand | 54/58 | €113,328 | €76,002 | -€37,326 | -32.9% |
| Deferred charges and accrued income | 490/1 | €412 | €1,345 | +€933 | +226% |
| Total equity and liabilities | 10/49 | €231,534 | €134,854 | -€96,680 | -41.8% |
| Equity | 10/15 | €101,137 | €83,338 | -€17,799 | -17.6% |
| 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 | €80,677 | €62,878 | -€17,799 | -22.1% |
| Amounts payable | 17/49 | €130,397 | €51,516 | -€78,881 | -60.5% |
| Amounts payable within one year | 42/48 | €91,603 | €51,516 | -€40,087 | -43.8% |
| Financial debts | 43 | €1,595 | - | -€1,595 | |
| Credit institutions | 430/8 | €1,595 | - | -€1,595 | |
| Trade debts | 44 | €6,881 | €4,825 | -€2,056 | -29.9% |
| Suppliers | 440/4 | €6,881 | €4,825 | -€2,056 | -29.9% |
| Taxes, remuneration and social security | 45 | €8,474 | €301 | -€8,173 | -96.5% |
| Taxes | 450/3 | €8,474 | €301 | -€8,173 | -96.5% |
| Other amounts payable | 47/48 | €74,653 | €46,390 | -€28,263 | -37.9% |
| Accrued charges and deferred income | 492/3 | €38,794 | - | -€38,794 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €604 | €7,563 | +€6,960 | +1,153% |
| Other operating charges | 640/8 | €745 | €643 | -€102 | -13.7% |
| Gross operating margin | 9900 | €68,012 | €9,599 | -€58,413 | -85.9% |
| Operating profit (loss) | 9901 | €66,664 | €1,393 | -€65,271 | -97.9% |
| Financial income | 75/76B | €608 | €12 | -€596 | -98.0% |
| Recurring financial income | 75 | €608 | €12 | -€596 | -98.0% |
| Financial charges | 65/66B | €497 | €463 | -€34 | -6.8% |
| Recurring financial charges | 65 | €497 | €463 | -€34 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €66,775 | €942 | -€65,832 | -98.6% |
| Income taxes | 67/77 | €13,880 | €301 | -€13,579 | -97.8% |
| Profit (loss) for the period | 9904 | €52,895 | €642 | -€52,253 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,895 | €642 | -€52,253 | -98.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.