DS Renov Concept: 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.
DS Renov Concept
Largest movements
- Receivables after one year -€5,000
down €5,000 (-7.7%), from €65,000 to €60,000
- Tangible fixed assets +€2,879
up €2,879 (+349%), from €825 to €3,704
of which Furniture and vehicles: +€3,704
- Cash -€2,816
down €2,816 (-56.2%), from €5,012 to €2,196
mainly Tax, wage and social debts (-€27,406) and Investment in fixed assets (net) (-€3,990)
- Deferred charges and accrued income -€1,837
down €1,837 (-94.9%), from €1,936 to €99
- Tax, wage and social debts -€27,406
down €27,406 (-82.9%), from €33,063 to €5,657
- Current portion of long-term debt +€12,139
up €12,139 (+776%), from €1,565 to €13,704
- Trade debts +€6,568
up €6,568 (+40.9%), from €16,044 to €22,612
- Profit (loss) carried forward +€2,572
up €2,572 (+4.1%), from €62,282 to €64,854
- Gross operating margin +€16,914
up €16,914, from -€6,273 to €10,641
- Taxes +€1,801
up €1,801 (+657%), from €274 to €2,075
- Depreciation -€1,283
down €1,283 (-54.2%), from €2,368 to €1,085
- Financial charges +€725
up €725 (+20.3%), from €3,563 to €4,288
- Other operating charges -€413
down €413 (-37.9%), from €1,091 to €678
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.
Derived cash bridge
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 | €117,072 | €110,827 | -€6,245 | -5.3% |
| Fixed assets | 21/28 | €989 | €3,894 | +€2,905 | +294% |
| Tangible fixed assets | 22/27 | €825 | €3,704 | +€2,879 | +349% |
| Plant, machinery and equipment | 23 | €825 | - | -€825 | |
| Furniture and vehicles | 24 | - | €3,704 | +€3,704 | |
| Financial fixed assets | 28 | €164 | €190 | +€26 | +15.9% |
| Current assets | 29/58 | €116,083 | €106,933 | -€9,150 | -7.9% |
| Amounts receivable after more than one year | 29 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Other amounts receivable | 291 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Amounts receivable within one year | 40/41 | €44,135 | €44,638 | +€503 | +1.1% |
| Trade receivables | 40 | €35,013 | €35,942 | +€929 | +2.7% |
| Other amounts receivable | 41 | €9,122 | €8,696 | -€426 | -4.7% |
| Cash at bank and in hand | 54/58 | €5,012 | €2,196 | -€2,816 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,936 | €99 | -€1,837 | -94.9% |
| Total equity and liabilities | 10/49 | €117,072 | €110,827 | -€6,245 | -5.3% |
| Equity | 10/15 | €66,282 | €68,854 | +€2,572 | +3.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,282 | €64,854 | +€2,572 | +4.1% |
| Amounts payable | 17/49 | €50,790 | €41,973 | -€8,817 | -17.4% |
| Amounts payable within one year | 42/48 | €50,672 | €41,973 | -€8,699 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €1,565 | €13,704 | +€12,139 | +776% |
| Trade debts | 44 | €16,044 | €22,612 | +€6,568 | +40.9% |
| Suppliers | 440/4 | €16,044 | €22,612 | +€6,568 | +40.9% |
| Taxes, remuneration and social security | 45 | €33,063 | €5,657 | -€27,406 | -82.9% |
| Taxes | 450/3 | €33,063 | €5,657 | -€27,406 | -82.9% |
| Accrued charges and deferred income | 492/3 | €118 | - | -€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,368 | €1,085 | -€1,283 | -54.2% |
| Other operating charges | 640/8 | €1,091 | €678 | -€413 | -37.9% |
| Gross operating margin | 9900 | -€6,273 | €10,641 | +€16,914 | |
| Operating profit (loss) | 9901 | -€9,732 | €8,878 | +€18,610 | |
| Financial income | 75/76B | €58 | €57 | -€1 | -1.7% |
| Recurring financial income | 75 | €58 | €57 | -€1 | -1.7% |
| Financial charges | 65/66B | €3,563 | €4,288 | +€725 | +20.3% |
| Recurring financial charges | 65 | €3,563 | €4,288 | +€725 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,237 | €4,647 | +€17,884 | |
| Income taxes | 67/77 | €274 | €2,075 | +€1,801 | +657% |
| Profit (loss) for the period | 9904 | -€13,511 | €2,572 | +€16,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,511 | €2,572 | +€16,083 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.