DV RENOV: 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 RENOV
Largest movements
- Cash -€5,693
down €5,693 (-100.0%), from €5,696 to €3
mainly Deferred charges and accrued income (-€5,348) and Trade debts (-€3,134)
- Deferred charges and accrued income +€5,348
up €5,348 (+1,126%), from €475 to €5,823
- Receivables within one year -€3,801
down €3,801 (-19.0%), from €19,956 to €16,155
of which Other amounts receivable: -€4,939
- Tangible fixed assets -€528
down €528 (-79.7%), from €662 to €135
- Trade debts -€3,134
down €3,134 (-33.9%), from €9,256 to €6,123
- Tax, wage and social debts -€2,377
down €2,377 (-44.4%), from €5,350 to €2,973
- Profit (loss) carried forward +€1,602
up €1,602 (+19.6%), from -€8,154 to -€6,552
- Short-term financial debts -€804
down €804 (-34.4%), from €2,338 to €1,534
- Gross operating margin -€2,497
down €2,497 (-36.9%), from €6,758 to €4,262
- Financial charges +€1,714
up €1,714 (+660%), from €260 to €1,974
- Taxes -€1,288
down €1,288 (-97.6%), from €1,319 to €31
- Other operating charges -€803
down €803 (-86.4%), from €930 to €127
- Depreciation +€528
new in 2025: €528
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 | €26,790 | €22,116 | -€4,674 | -17.4% |
| Fixed assets | 21/28 | €662 | €135 | -€528 | -79.7% |
| Tangible fixed assets | 22/27 | €662 | €135 | -€528 | -79.7% |
| Furniture and vehicles | 24 | €662 | €135 | -€528 | -79.7% |
| Current assets | 29/58 | €26,127 | €21,981 | -€4,146 | -15.9% |
| Amounts receivable within one year | 40/41 | €19,956 | €16,155 | -€3,801 | -19.0% |
| Trade receivables | 40 | €12,094 | €13,232 | +€1,138 | +9.4% |
| Other amounts receivable | 41 | €7,862 | €2,923 | -€4,939 | -62.8% |
| Cash at bank and in hand | 54/58 | €5,696 | €3 | -€5,693 | -100.0% |
| Deferred charges and accrued income | 490/1 | €475 | €5,823 | +€5,348 | +1,126% |
| Total equity and liabilities | 10/49 | €26,790 | €22,116 | -€4,674 | -17.4% |
| Equity | 10/15 | €9,846 | €11,448 | +€1,602 | +16.3% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,154 | -€6,552 | +€1,602 | +19.6% |
| Amounts payable | 17/49 | €16,944 | €10,668 | -€6,276 | -37.0% |
| Amounts payable within one year | 42/48 | €16,944 | €10,668 | -€6,276 | -37.0% |
| Financial debts | 43 | €2,338 | €1,534 | -€804 | -34.4% |
| Credit institutions | 430/8 | €2,338 | €1,534 | -€804 | -34.4% |
| Trade debts | 44 | €9,256 | €6,123 | -€3,134 | -33.9% |
| Suppliers | 440/4 | €9,256 | €6,123 | -€3,134 | -33.9% |
| Taxes, remuneration and social security | 45 | €5,350 | €2,973 | -€2,377 | -44.4% |
| Taxes | 450/3 | €5,350 | €2,973 | -€2,377 | -44.4% |
| Other amounts payable | 47/48 | - | €38 | +€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €528 | +€528 | |
| Other operating charges | 640/8 | €930 | €127 | -€803 | -86.4% |
| Gross operating margin | 9900 | €6,758 | €4,262 | -€2,497 | -36.9% |
| Operating profit (loss) | 9901 | €5,829 | €3,607 | -€2,222 | -38.1% |
| Financial income | 75/76B | €475 | - | -€475 | |
| Recurring financial income | 75 | €475 | - | -€475 | |
| Financial charges | 65/66B | €260 | €1,974 | +€1,714 | +660% |
| Recurring financial charges | 65 | €260 | €1,974 | +€1,714 | +660% |
| Profit (loss) for the period before taxes | 9903 | €6,044 | €1,633 | -€4,411 | -73.0% |
| Income taxes | 67/77 | €1,319 | €31 | -€1,288 | -97.6% |
| Profit (loss) for the period | 9904 | €4,725 | €1,602 | -€3,123 | -66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,725 | €1,602 | -€3,123 | -66.1% |
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 19 October 2026 via checked.be.