Johnny Derenette: what changed
Johnny Derenette
Largest movements
- Tangible fixed assets -€65,090
down €65,090 (-34.2%), from €190,453 to €125,363
of which Plant, machinery and equipment: -€50,783
- Stocks and contracts +€15,503
up €15,503 (+61.9%), from €25,054 to €40,557
- Receivables within one year -€6,179
down €6,179 (-11.5%), from €53,855 to €47,676
of which Trade receivables: -€9,522
- Cash -€6,026
down €6,026 (-83.6%), from €7,209 to €1,182
mainly Net result for the year (-€47,399) and Debts after one year (-€36,309)
- Deferred charges and accrued income +€3,510
up €3,510 (+128%), from €2,736 to €6,246
- Profit (loss) carried forward -€47,399
down €47,399 (-48.3%), from -€98,200 to -€145,600
- Debts after one year -€36,309
down €36,309 (-35.5%), from €102,241 to €65,932
- Other debts +€17,967
up €17,967 (+18.0%), from €99,844 to €117,810
- Trade debts +€11,193
new in 2025: €11,193
- Current portion of long-term debt -€4,406
down €4,406 (-10.8%), from €40,715 to €36,309
- Gross operating margin +€95,360
up €95,360, from -€56,129 to €39,231
- Depreciation -€18,823
down €18,823 (-19.5%), from €96,413 to €77,590
- Financial charges -€2,054
down €2,054 (-31.5%), from €6,532 to €4,478
- Write-downs +€2,005
new in 2025: €2,005
- Financial income +€1,570
up €1,570 (+22,434%), from €7 to €1,577
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,306 | €221,023 | -€58,282 | -20.9% |
| Fixed assets | 21/28 | €190,453 | €125,363 | -€65,090 | -34.2% |
| Tangible fixed assets | 22/27 | €190,453 | €125,363 | -€65,090 | -34.2% |
| Plant, machinery and equipment | 23 | €132,553 | €81,770 | -€50,783 | -38.3% |
| Furniture and vehicles | 24 | €54,230 | €40,763 | -€13,467 | -24.8% |
| Other tangible fixed assets | 26 | €3,670 | €2,829 | -€840 | -22.9% |
| Current assets | 29/58 | €88,853 | €95,661 | +€6,808 | +7.7% |
| Stocks and contracts in progress | 3 | €25,054 | €40,557 | +€15,503 | +61.9% |
| Stocks | 30/36 | €25,054 | €40,557 | +€15,503 | +61.9% |
| Amounts receivable within one year | 40/41 | €53,855 | €47,676 | -€6,179 | -11.5% |
| Trade receivables | 40 | €53,007 | €43,485 | -€9,522 | -18.0% |
| Other amounts receivable | 41 | €848 | €4,191 | +€3,343 | +394% |
| Cash at bank and in hand | 54/58 | €7,209 | €1,182 | -€6,026 | -83.6% |
| Deferred charges and accrued income | 490/1 | €2,736 | €6,246 | +€3,510 | +128% |
| Total equity and liabilities | 10/49 | €279,306 | €221,023 | -€58,282 | -20.9% |
| Equity | 10/15 | €31,965 | -€15,434 | -€47,399 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,565 | €111,565 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,705 | €109,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,200 | -€145,600 | -€47,399 | -48.3% |
| Amounts payable | 17/49 | €247,341 | €236,458 | -€10,883 | -4.4% |
| Amounts payable after more than one year | 17 | €102,241 | €65,932 | -€36,309 | -35.5% |
| Financial debts | 170/4 | €102,241 | €65,932 | -€36,309 | -35.5% |
| Amounts payable within one year | 42/48 | €145,100 | €170,526 | +€25,426 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €40,715 | €36,309 | -€4,406 | -10.8% |
| Trade debts | 44 | - | €11,193 | +€11,193 | |
| Suppliers | 440/4 | - | €11,193 | +€11,193 | |
| Taxes, remuneration and social security | 45 | €4,541 | €5,214 | +€672 | +14.8% |
| Taxes | 450/3 | €2,651 | €1,324 | -€1,328 | -50.1% |
| Remuneration and social security | 454/9 | €1,890 | €3,890 | +€2,000 | +106% |
| Other amounts payable | 47/48 | €99,844 | €117,810 | +€17,967 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,413 | €77,590 | -€18,823 | -19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,005 | +€2,005 | |
| Other operating charges | 640/8 | €3,857 | €3,466 | -€391 | -10.1% |
| Gross operating margin | 9900 | -€56,129 | €39,231 | +€95,360 | |
| Operating profit (loss) | 9901 | -€156,399 | -€43,830 | +€112,569 | +72.0% |
| Financial income | 75/76B | €7 | €1,577 | +€1,570 | +22,434% |
| Recurring financial income | 75 | €7 | €1,577 | +€1,570 | +22,434% |
| Financial charges | 65/66B | €6,532 | €4,478 | -€2,054 | -31.5% |
| Recurring financial charges | 65 | €6,532 | €4,478 | -€2,054 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€162,924 | -€46,731 | +€116,194 | +71.3% |
| Income taxes | 67/77 | €655 | €669 | +€14 | +2.1% |
| Profit (loss) for the period | 9904 | -€163,579 | -€47,399 | +€116,180 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€163,579 | -€47,399 | +€116,180 | +71.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.