AS RENOVE: what changed
AS RENOVE
Largest movements
- Cash -€51,251
down €51,251 (-93.0%), from €55,091 to €3,840
mainly Net result for the year (-€25,935) and Receivables within one year (-€21,589)
- Receivables within one year +€21,589
up €21,589 (+23.8%), from €90,604 to €112,193
of which Other amounts receivable: +€13,848
- Tangible fixed assets -€18,524
down €18,524 (-29.5%), from €62,868 to €44,344
of which Furniture and vehicles: -€10,565
- Profit (loss) carried forward -€25,935
down €25,935 (-30.8%), from €84,238 to €58,303
- Debts after one year -€21,564
down €21,564 (-31.6%), from €68,250 to €46,686
- Gross operating margin -€65,339
down €65,339, from €65,076 to -€263
- Taxes -€8,974
down €8,974 (-98.5%), from €9,115 to €141
- Financial charges -€2,290
down €2,290 (-29.4%), from €7,794 to €5,504
- Other operating charges -€1,632
down €1,632 (-53.0%), from €3,079 to €1,447
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 | €209,538 | €162,358 | -€47,180 | -22.5% |
| Fixed assets | 21/28 | €62,958 | €44,434 | -€18,524 | -29.4% |
| Tangible fixed assets | 22/27 | €62,868 | €44,344 | -€18,524 | -29.5% |
| Plant, machinery and equipment | 23 | €771 | €412 | -€359 | -46.6% |
| Furniture and vehicles | 24 | €33,967 | €23,402 | -€10,565 | -31.1% |
| Leasing and similar rights | 25 | €28,130 | €20,530 | -€7,600 | -27.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €146,580 | €117,924 | -€28,656 | -19.5% |
| Amounts receivable within one year | 40/41 | €90,604 | €112,193 | +€21,589 | +23.8% |
| Trade receivables | 40 | €30,143 | €37,884 | +€7,741 | +25.7% |
| Other amounts receivable | 41 | €60,461 | €74,309 | +€13,848 | +22.9% |
| Cash at bank and in hand | 54/58 | €55,091 | €3,840 | -€51,251 | -93.0% |
| Deferred charges and accrued income | 490/1 | €885 | €1,891 | +€1,006 | +114% |
| Total equity and liabilities | 10/49 | €209,538 | €162,358 | -€47,180 | -22.5% |
| Equity | 10/15 | €104,298 | €78,363 | -€25,935 | -24.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,860 | €13,860 | = | 0.0% |
| Distributable reserves | 133 | €13,860 | €13,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,238 | €58,303 | -€25,935 | -30.8% |
| Amounts payable | 17/49 | €105,240 | €83,995 | -€21,245 | -20.2% |
| Amounts payable after more than one year | 17 | €68,250 | €46,686 | -€21,564 | -31.6% |
| Financial debts | 170/4 | €68,250 | €46,686 | -€21,564 | -31.6% |
| Amounts payable within one year | 42/48 | €36,990 | €37,309 | +€319 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €20,294 | €21,039 | +€745 | +3.7% |
| Trade debts | 44 | €4,368 | €4,960 | +€592 | +13.6% |
| Suppliers | 440/4 | €4,368 | €4,960 | +€592 | +13.6% |
| Taxes, remuneration and social security | 45 | €12,328 | €11,310 | -€1,018 | -8.3% |
| Taxes | 450/3 | €11,828 | €9,710 | -€2,118 | -17.9% |
| Remuneration and social security | 454/9 | €500 | €1,600 | +€1,100 | +220% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,019 | €18,525 | -€494 | -2.6% |
| Other operating charges | 640/8 | €3,079 | €1,447 | -€1,632 | -53.0% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €65,076 | -€263 | -€65,339 | |
| Operating profit (loss) | 9901 | €42,978 | -€20,293 | -€63,271 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +50.0% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +50.0% |
| Financial charges | 65/66B | €7,794 | €5,504 | -€2,290 | -29.4% |
| Recurring financial charges | 65 | €7,794 | €5,504 | -€2,290 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €35,186 | -€25,794 | -€60,980 | |
| Income taxes | 67/77 | €9,115 | €141 | -€8,974 | -98.5% |
| Profit (loss) for the period | 9904 | €26,071 | -€25,935 | -€52,006 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,071 | -€25,935 | -€52,006 |
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.