DV-RENO: 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.
DV-RENO
Largest movements
- Cash +€11,059
up €11,059 (+37.2%), from €29,738 to €40,797
mainly Other debts (+€14,222) and Net result for the year (+€6,387)
- Tangible fixed assets -€4,887
down €4,887 (-43.3%), from €11,276 to €6,389
of which Furniture and vehicles: -€4,572
- Receivables within one year -€1,892
down €1,892 (-19.5%), from €9,703 to €7,811
of which Trade receivables: -€1,200
- Other debts +€14,222
up €14,222 (+1,319%), from €1,078 to €15,300
- Profit (loss) carried forward -€11,613
down €11,613 (-27.4%), from €42,443 to €30,830
- Tax, wage and social debts +€2,700
new in 2025: €2,700
- Current portion of long-term debt -€879
no longer reported in 2025 (was €879)
- Gross operating margin -€9,809
down €9,809 (-42.2%), from €23,263 to €13,454
- Depreciation -€2,289
down €2,289 (-31.9%), from €7,176 to €4,887
- Taxes -€1,541
down €1,541 (-46.8%), from €3,296 to €1,755
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 | €50,849 | €55,628 | +€4,779 | +9.4% |
| Fixed assets | 21/28 | €11,276 | €6,389 | -€4,887 | -43.3% |
| Tangible fixed assets | 22/27 | €11,276 | €6,389 | -€4,887 | -43.3% |
| Plant, machinery and equipment | 23 | €315 | - | -€315 | |
| Furniture and vehicles | 24 | €10,961 | €6,389 | -€4,572 | -41.7% |
| Current assets | 29/58 | €39,573 | €49,239 | +€9,666 | +24.4% |
| Amounts receivable within one year | 40/41 | €9,703 | €7,811 | -€1,892 | -19.5% |
| Trade receivables | 40 | €1,200 | - | -€1,200 | |
| Other amounts receivable | 41 | €8,503 | €7,811 | -€692 | -8.1% |
| Cash at bank and in hand | 54/58 | €29,738 | €40,797 | +€11,059 | +37.2% |
| Deferred charges and accrued income | 490/1 | €132 | €631 | +€499 | +378% |
| Total equity and liabilities | 10/49 | €50,849 | €55,628 | +€4,779 | +9.4% |
| Equity | 10/15 | €47,443 | €35,830 | -€11,613 | -24.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,443 | €30,830 | -€11,613 | -27.4% |
| Amounts payable | 17/49 | €3,406 | €19,798 | +€16,392 | +481% |
| Amounts payable within one year | 42/48 | €3,406 | €19,798 | +€16,392 | +481% |
| Current portion of amounts payable after more than one year | 42 | €879 | - | -€879 | |
| Trade debts | 44 | €1,449 | €1,798 | +€349 | +24.1% |
| Suppliers | 440/4 | €1,449 | €1,798 | +€349 | +24.1% |
| Taxes, remuneration and social security | 45 | - | €2,700 | +€2,700 | |
| Taxes | 450/3 | - | €2,700 | +€2,700 | |
| Other amounts payable | 47/48 | €1,078 | €15,300 | +€14,222 | +1,319% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,176 | €4,887 | -€2,289 | -31.9% |
| Other operating charges | 640/8 | €335 | €279 | -€56 | -16.7% |
| Gross operating margin | 9900 | €23,263 | €13,454 | -€9,809 | -42.2% |
| Operating profit (loss) | 9901 | €15,752 | €8,288 | -€7,464 | -47.4% |
| Financial charges | 65/66B | €220 | €146 | -€74 | -33.6% |
| Recurring financial charges | 65 | €220 | €146 | -€74 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | €15,532 | €8,142 | -€7,390 | -47.6% |
| Income taxes | 67/77 | €3,296 | €1,755 | -€1,541 | -46.8% |
| Profit (loss) for the period | 9904 | €12,236 | €6,387 | -€5,849 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,236 | €6,387 | -€5,849 | -47.8% |
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 15 October 2026 via checked.be.