A.G. RENOV: what changed
A.G. RENOV
Largest movements
- Receivables within one year -€11,870
down €11,870 (-25.1%), from €47,240 to €35,371
of which Other amounts receivable: -€10,963
- Tangible fixed assets -€2,161
down €2,161 (-34.0%), from €6,359 to €4,197
of which Plant, machinery and equipment: -€1,167
- Cash -€1,733
down €1,733 (-94.9%), from €1,826 to €93
mainly Net result for the year (-€9,878) and Trade debts (-€9,090)
- Profit (loss) carried forward -€9,878
down €9,878 (-61.3%), from €16,112 to €6,233
- Trade debts -€9,090
down €9,090 (-38.8%), from €23,442 to €14,352
- Advances received +€4,400
new in 2025: €4,400
- Tax, wage and social debts -€1,196
down €1,196 (-20.4%), from €5,871 to €4,676
of which Remuneration and social security: -€1,196
- Gross operating margin -€26,919
down €26,919, from €21,984 to -€4,935
- Staff costs -€16,946
no longer reported in 2025 (was €16,946)
- Taxes -€2,850
no longer reported in 2025 (was €2,850)
- Financial income -€1,912
no longer reported in 2025 (was €1,912)
- Other operating charges -€1,247
down €1,247 (-70.0%), from €1,783 to €535
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 | €55,425 | €39,661 | -€15,764 | -28.4% |
| Fixed assets | 21/28 | €6,359 | €4,197 | -€2,161 | -34.0% |
| Tangible fixed assets | 22/27 | €6,359 | €4,197 | -€2,161 | -34.0% |
| Plant, machinery and equipment | 23 | €2,917 | €1,750 | -€1,167 | -40.0% |
| Furniture and vehicles | 24 | €3,442 | €2,447 | -€995 | -28.9% |
| Current assets | 29/58 | €49,066 | €35,464 | -€13,602 | -27.7% |
| Amounts receivable within one year | 40/41 | €47,240 | €35,371 | -€11,870 | -25.1% |
| Trade receivables | 40 | €16,837 | €15,930 | -€907 | -5.4% |
| Other amounts receivable | 41 | €30,404 | €19,441 | -€10,963 | -36.1% |
| Cash at bank and in hand | 54/58 | €1,826 | €93 | -€1,733 | -94.9% |
| Total equity and liabilities | 10/49 | €55,425 | €39,661 | -€15,764 | -28.4% |
| Equity | 10/15 | €26,112 | €16,233 | -€9,878 | -37.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,112 | €6,233 | -€9,878 | -61.3% |
| Amounts payable | 17/49 | €29,313 | €23,428 | -€5,885 | -20.1% |
| Amounts payable within one year | 42/48 | €29,313 | €23,428 | -€5,885 | -20.1% |
| Trade debts | 44 | €23,442 | €14,352 | -€9,090 | -38.8% |
| Suppliers | 440/4 | €23,442 | €14,352 | -€9,090 | -38.8% |
| Advances received on contracts in progress | 46 | - | €4,400 | +€4,400 | |
| Taxes, remuneration and social security | 45 | €5,871 | €4,676 | -€1,196 | -20.4% |
| Taxes | 450/3 | €2,850 | €2,850 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,021 | €1,826 | -€1,196 | -39.6% |
| Remuneration, social security and pensions | 62 | €16,946 | - | -€16,946 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,083 | €2,161 | +€1,079 | +99.6% |
| Other operating charges | 640/8 | €1,783 | €535 | -€1,247 | -70.0% |
| Gross operating margin | 9900 | €21,984 | -€4,935 | -€26,919 | |
| Operating profit (loss) | 9901 | €2,172 | -€7,632 | -€9,804 | |
| Financial income | 75/76B | €1,912 | - | -€1,912 | |
| Recurring financial income | 75 | €1,912 | - | -€1,912 | |
| Financial charges | 65/66B | €1,362 | €2,247 | +€885 | +65.0% |
| Recurring financial charges | 65 | €1,362 | €2,247 | +€885 | +65.0% |
| Profit (loss) for the period before taxes | 9903 | €2,722 | -€9,878 | -€12,600 | |
| Income taxes | 67/77 | €2,850 | - | -€2,850 | |
| Profit (loss) for the period | 9904 | -€129 | -€9,878 | -€9,750 | -7,583% |
| Profit (loss) for the period to be appropriated | 9905 | -€129 | -€9,878 | -€9,750 | -7,583% |
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 3 November 2026 via checked.be.