BD 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.
BD RENOV
Largest movements
- Receivables within one year +€14,704
up €14,704 (+557%), from €2,642 to €17,346
of which Other amounts receivable: +€11,883
- Tangible fixed assets +€12,324
up €12,324 (+257%), from €4,787 to €17,111
of which Furniture and vehicles: +€14,814
- Cash +€11,052
up €11,052 (+137%), from €8,057 to €19,109
mainly Net result for the year (+€25,661) and Debts after one year (+€8,818)
- Stocks and contracts -€2,619
down €2,619 (-89.1%), from €2,939 to €321
- Profit (loss) carried forward +€25,661
up €25,661 (+12,173%), from €211 to €25,872
- Other debts -€13,245
no longer reported in 2025 (was €13,245)
- Debts after one year +€8,818
new in 2025: €8,818
- Tax, wage and social debts +€4,959
up €4,959 (+95.3%), from €5,205 to €10,163
of which Taxes: +€6,675
- Current portion of long-term debt +€4,795
new in 2025: €4,795
- Gross operating margin +€27,559
up €27,559 (+249%), from €11,090 to €38,650
- Taxes +€6,464
up €6,464 (+938%), from €689 to €7,154
- Depreciation +€2,108
up €2,108 (+88.9%), from €2,372 to €4,479
- Staff costs -€2,022
no longer reported in 2025 (was €2,022)
- Other operating charges +€442
up €442 (+84.5%), from €524 to €966
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 | €19,207 | €55,058 | +€35,851 | +187% |
| Fixed assets | 21/28 | €4,787 | €17,111 | +€12,324 | +257% |
| Tangible fixed assets | 22/27 | €4,787 | €17,111 | +€12,324 | +257% |
| Plant, machinery and equipment | 23 | €4,451 | €1,961 | -€2,490 | -55.9% |
| Furniture and vehicles | 24 | €336 | €15,150 | +€14,814 | +4,405% |
| Current assets | 29/58 | €14,420 | €37,947 | +€23,527 | +163% |
| Stocks and contracts in progress | 3 | €2,939 | €321 | -€2,619 | -89.1% |
| Stocks | 30/36 | €2,939 | €321 | -€2,619 | -89.1% |
| Amounts receivable within one year | 40/41 | €2,642 | €17,346 | +€14,704 | +557% |
| Trade receivables | 40 | €339 | €3,160 | +€2,821 | +832% |
| Other amounts receivable | 41 | €2,303 | €14,186 | +€11,883 | +516% |
| Cash at bank and in hand | 54/58 | €8,057 | €19,109 | +€11,052 | +137% |
| Deferred charges and accrued income | 490/1 | €782 | €1,171 | +€390 | +49.8% |
| Total equity and liabilities | 10/49 | €19,207 | €55,058 | +€35,851 | +187% |
| Equity | 10/15 | €711 | €26,372 | +€25,661 | +3,610% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211 | €25,872 | +€25,661 | +12,173% |
| Amounts payable | 17/49 | €18,496 | €28,686 | +€10,190 | +55.1% |
| Amounts payable after more than one year | 17 | - | €8,818 | +€8,818 | |
| Financial debts | 170/4 | - | €8,818 | +€8,818 | |
| Amounts payable within one year | 42/48 | €18,496 | €19,869 | +€1,372 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,795 | +€4,795 | |
| Trade debts | 44 | €47 | €1,560 | +€1,514 | +3,254% |
| Suppliers | 440/4 | €47 | €1,560 | +€1,514 | +3,254% |
| Advances received on contracts in progress | 46 | €0 | €3,350 | +€3,350 | |
| Taxes, remuneration and social security | 45 | €5,205 | €10,163 | +€4,959 | +95.3% |
| Taxes | 450/3 | €1,818 | €8,493 | +€6,675 | +367% |
| Remuneration and social security | 454/9 | €3,386 | €1,670 | -€1,716 | -50.7% |
| Other amounts payable | 47/48 | €13,245 | - | -€13,245 | |
| Remuneration, social security and pensions | 62 | €2,022 | - | -€2,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,372 | €4,479 | +€2,108 | +88.9% |
| Other operating charges | 640/8 | €524 | €966 | +€442 | +84.5% |
| Non-recurring operating charges | 66A | €5,046 | - | -€5,046 | |
| Gross operating margin | 9900 | €11,090 | €38,650 | +€27,559 | +249% |
| Operating profit (loss) | 9901 | €1,128 | €33,205 | +€32,077 | +2,844% |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.6% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.6% |
| Financial charges | 65/66B | €15 | €390 | +€374 | +2,449% |
| Recurring financial charges | 65 | €15 | €390 | +€374 | +2,449% |
| Profit (loss) for the period before taxes | 9903 | €1,130 | €32,815 | +€31,685 | +2,805% |
| Income taxes | 67/77 | €689 | €7,154 | +€6,464 | +938% |
| Profit (loss) for the period | 9904 | €440 | €25,661 | +€25,221 | +5,729% |
| Profit (loss) for the period to be appropriated | 9905 | €440 | €25,661 | +€25,221 | +5,729% |
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 21 October 2026 via checked.be.