DRENOV: what changed
Two fiscal 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.
DRENOV
Largest movements
- Receivables within one year -€44,017
down €44,017 (-29.3%), from €149,990 to €105,972
of which Trade receivables: -€53,349
- Cash +€14,171
up €14,171 (+48.2%), from €29,412 to €43,583
mainly Receivables within one year (+€44,017) and Tax, wage and social debts (+€18,715)
- Tangible fixed assets -€7,519
down €7,519 (-49.3%), from €15,264 to €7,745
- Trade debts -€59,702
down €59,702 (-58.5%), from €102,049 to €42,347
- Tax, wage and social debts +€18,715
up €18,715 (+320.9%), from €5,833 to €24,548
- Profit (loss) carried forward +€11,014
up €11,014, from -€3,291 to €7,723
- Debts after one year -€6,105
down €6,105 (-46.8%), from €13,031 to €6,927
- Gross operating margin +€25,070
up €25,070 (+758.7%), from €3,304 to €28,375
- Taxes +€4,749
up €4,749 (+1298.4%), from €366 to €5,115
- Other operating charges +€1,097
up €1,097 (+43.4%), from €2,528 to €3,625
- Financial charges -€568
down €568 (-33.5%), from €1,692 to €1,125
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.
Cash bridge derived
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 | €198,406 | €161,550 | -€36,855 | -18.6% |
| Fixed assets | 21/28 | €17,604 | €11,995 | -€5,609 | -31.9% |
| Tangible fixed assets | 22/27 | €15,264 | €7,745 | -€7,519 | -49.3% |
| Furniture and vehicles | 24 | €15,264 | €7,745 | -€7,519 | -49.3% |
| Financial fixed assets | 28 | €2,340 | €4,250 | +€1,910 | +81.6% |
| Current assets | 29/58 | €180,802 | €149,556 | -€31,246 | -17.3% |
| Amounts receivable within one year | 40/41 | €149,990 | €105,972 | -€44,017 | -29.3% |
| Trade receivables | 40 | €120,599 | €67,250 | -€53,349 | -44.2% |
| Other amounts receivable | 41 | €29,391 | €38,722 | +€9,332 | +31.8% |
| Cash at bank and in hand | 54/58 | €29,412 | €43,583 | +€14,171 | +48.2% |
| Deferred charges and accrued income | 490/1 | €1,400 | - | -€1,400 | |
| Total equity and liabilities | 10/49 | €198,406 | €161,550 | -€36,855 | -18.6% |
| Equity | 10/15 | €70,611 | €81,624 | +€11,014 | +15.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €69,902 | €69,902 | = | 0.0% |
| Distributable reserves | 133 | €69,902 | €69,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,291 | €7,723 | +€11,014 | |
| Amounts payable | 17/49 | €127,795 | €79,926 | -€47,869 | -37.5% |
| Amounts payable after more than one year | 17 | €13,031 | €6,927 | -€6,105 | -46.8% |
| Financial debts | 170/4 | €13,031 | €6,927 | -€6,105 | -46.8% |
| Amounts payable within one year | 42/48 | €114,764 | €73,000 | -€41,764 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €5,839 | €6,105 | +€265 | +4.5% |
| Trade debts | 44 | €102,049 | €42,347 | -€59,702 | -58.5% |
| Suppliers | 440/4 | €102,049 | €42,347 | -€59,702 | -58.5% |
| Taxes, remuneration and social security | 45 | €5,833 | €24,548 | +€18,715 | +320.9% |
| Taxes | 450/3 | €5,833 | €24,548 | +€18,715 | +320.9% |
| Other amounts payable | 47/48 | €1,043 | - | -€1,043 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,775 | €7,519 | -€256 | -3.3% |
| Other operating charges | 640/8 | €2,528 | €3,625 | +€1,097 | +43.4% |
| Gross operating margin | 9900 | €3,304 | €28,375 | +€25,070 | +758.7% |
| Operating profit (loss) | 9901 | -€6,998 | €17,231 | +€24,229 | |
| Financial income | 75/76B | €10 | €22 | +€12 | +122.3% |
| Recurring financial income | 75 | €10 | €22 | +€12 | +122.3% |
| Financial charges | 65/66B | €1,692 | €1,125 | -€568 | -33.5% |
| Recurring financial charges | 65 | €1,692 | €1,125 | -€568 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,680 | €16,128 | +€24,808 | |
| Income taxes | 67/77 | €366 | €5,115 | +€4,749 | +1298.4% |
| Profit (loss) for the period | 9904 | -€9,046 | €11,014 | +€20,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,046 | €11,014 | +€20,060 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.