DS RENOVATION: 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 RENOVATION
Largest movements
- Cash +€137,827
up €137,827 (+2,469%), from €5,583 to €143,410
mainly Receivables within one year (+€132,075) and Net result for the year (+€75,382)
- Receivables within one year -€132,075
down €132,075 (-28.5%), from €463,126 to €331,051
of which Trade receivables: -€163,902
- Tangible fixed assets -€5,785
down €5,785 (-52.3%), from €11,058 to €5,273
of which Plant, machinery and equipment: -€5,423
- Trade debts -€73,809
down €73,809 (-56.3%), from €131,148 to €57,339
- Reserves +€50,000
up €50,000 (+2,688%), from €1,860 to €51,860
of which Distributable reserves: +€50,000
- Profit (loss) carried forward +€25,382
up €25,382 (+9.8%), from €259,239 to €284,621
- Other debts -€10,176
no longer reported in 2025 (was €10,176)
- Depreciation -€9,421
down €9,421 (-93.3%), from €10,101 to €680
- Gross operating margin -€7,024
down €7,024 (-6.5%), from €108,268 to €101,244
- Financial income +€2,027
up €2,027 (+101,350%), from €2 to €2,029
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 | €483,906 | €479,734 | -€4,172 | -0.9% |
| Fixed assets | 21/28 | €11,058 | €5,273 | -€5,785 | -52.3% |
| Tangible fixed assets | 22/27 | €11,058 | €5,273 | -€5,785 | -52.3% |
| Plant, machinery and equipment | 23 | €10,092 | €4,669 | -€5,423 | -53.7% |
| Furniture and vehicles | 24 | €966 | €604 | -€362 | -37.5% |
| Current assets | 29/58 | €472,848 | €474,461 | +€1,613 | +0.3% |
| Amounts receivable within one year | 40/41 | €463,126 | €331,051 | -€132,075 | -28.5% |
| Trade receivables | 40 | €421,640 | €257,738 | -€163,902 | -38.9% |
| Other amounts receivable | 41 | €41,486 | €73,313 | +€31,827 | +76.7% |
| Cash at bank and in hand | 54/58 | €5,583 | €143,410 | +€137,827 | +2,469% |
| Deferred charges and accrued income | 490/1 | €4,139 | - | -€4,139 | |
| Total equity and liabilities | 10/49 | €483,906 | €479,734 | -€4,172 | -0.9% |
| Equity | 10/15 | €279,699 | €355,081 | +€75,382 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €51,860 | +€50,000 | +2,688% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €259,239 | €284,621 | +€25,382 | +9.8% |
| Amounts payable | 17/49 | €204,207 | €124,653 | -€79,554 | -39.0% |
| Amounts payable within one year | 42/48 | €204,207 | €124,653 | -€79,554 | -39.0% |
| Trade debts | 44 | €131,148 | €57,339 | -€73,809 | -56.3% |
| Suppliers | 440/4 | €131,148 | €57,339 | -€73,809 | -56.3% |
| Taxes, remuneration and social security | 45 | €62,883 | €67,314 | +€4,431 | +7.0% |
| Taxes | 450/3 | €62,883 | €67,314 | +€4,431 | +7.0% |
| Other amounts payable | 47/48 | €10,176 | - | -€10,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,101 | €680 | -€9,421 | -93.3% |
| Other operating charges | 640/8 | €839 | €1,016 | +€177 | +21.1% |
| Gross operating margin | 9900 | €108,268 | €101,244 | -€7,024 | -6.5% |
| Operating profit (loss) | 9901 | €97,328 | €99,548 | +€2,220 | +2.3% |
| Financial income | 75/76B | €2 | €2,029 | +€2,027 | +101,350% |
| Recurring financial income | 75 | €2 | €2,029 | +€2,027 | +101,350% |
| Financial charges | 65/66B | €470 | €231 | -€239 | -50.9% |
| Recurring financial charges | 65 | €470 | €231 | -€239 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €96,860 | €101,346 | +€4,486 | +4.6% |
| Income taxes | 67/77 | €26,033 | €25,964 | -€69 | -0.3% |
| Profit (loss) for the period | 9904 | €70,827 | €75,382 | +€4,555 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €70,827 | €75,382 | +€4,555 | +6.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 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.