BG RENOV PLUS: 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.
BG RENOV PLUS
Largest movements
- Tangible fixed assets -€9,939
down €9,939 (-3.4%), from €293,070 to €283,131
of which Land and buildings: -€11,819
- Receivables within one year +€7,530
up €7,530 (+14.3%), from €52,781 to €60,311
of which Trade receivables: +€6,266
- Profit (loss) carried forward +€239,072
up €239,072, from -€147,356 to €91,716
- Reserves -€212,960
no longer reported in 2025 (was €212,960)
- Provisions -€42,590
no longer reported in 2025 (was €42,590)
- Tax, wage and social debts +€21,510
new in 2025: €21,510
- Debts after one year -€7,895
down €7,895 (-3.7%), from €212,477 to €204,582
- Gross operating margin +€220,500
up €220,500 (+1,127%), from €19,570 to €240,070
- Taxes -€20,969
down €20,969, from €400 to -€20,569
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 | €346,994 | €345,119 | -€1,875 | -0.5% |
| Fixed assets | 21/28 | €293,070 | €283,131 | -€9,939 | -3.4% |
| Tangible fixed assets | 22/27 | €293,070 | €283,131 | -€9,939 | -3.4% |
| Land and buildings | 22 | €293,070 | €281,251 | -€11,819 | -4.0% |
| Furniture and vehicles | 24 | - | €1,880 | +€1,880 | |
| Current assets | 29/58 | €53,924 | €61,988 | +€8,064 | +15.0% |
| Amounts receivable within one year | 40/41 | €52,781 | €60,311 | +€7,530 | +14.3% |
| Trade receivables | 40 | €12,400 | €18,666 | +€6,266 | +50.5% |
| Other amounts receivable | 41 | €40,381 | €41,645 | +€1,264 | +3.1% |
| Cash at bank and in hand | 54/58 | €1,143 | €992 | -€151 | -13.2% |
| Deferred charges and accrued income | 490/1 | - | €685 | +€685 | |
| Total equity and liabilities | 10/49 | €346,994 | €345,119 | -€1,875 | -0.5% |
| Equity | 10/15 | €85,604 | €111,716 | +€26,112 | +30.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €212,960 | - | -€212,960 | |
| Tax-exempt reserves | 132 | €212,960 | - | -€212,960 | |
| Profit (loss) carried forward | 14 | -€147,356 | €91,716 | +€239,072 | |
| Provisions and deferred taxes | 16 | €42,590 | - | -€42,590 | |
| Deferred taxes | 168 | €42,590 | - | -€42,590 | |
| Amounts payable | 17/49 | €218,800 | €233,403 | +€14,603 | +6.7% |
| Amounts payable after more than one year | 17 | €212,477 | €204,582 | -€7,895 | -3.7% |
| Financial debts | 170/4 | €212,477 | €204,582 | -€7,895 | -3.7% |
| Amounts payable within one year | 42/48 | €6,323 | €28,821 | +€22,498 | +356% |
| Current portion of amounts payable after more than one year | 42 | €5,391 | €7,311 | +€1,920 | +35.6% |
| Trade debts | 44 | €932 | - | -€932 | |
| Suppliers | 440/4 | €932 | - | -€932 | |
| Taxes, remuneration and social security | 45 | - | €21,510 | +€21,510 | |
| Taxes | 450/3 | - | €21,510 | +€21,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,819 | €12,439 | +€620 | +5.2% |
| Other operating charges | 640/8 | €2,057 | €1,561 | -€496 | -24.1% |
| Gross operating margin | 9900 | €19,570 | €240,070 | +€220,500 | +1,127% |
| Operating profit (loss) | 9901 | €5,694 | €226,070 | +€220,376 | +3,870% |
| Financial charges | 65/66B | €5,527 | €7,566 | +€2,039 | +36.9% |
| Recurring financial charges | 65 | €5,527 | €7,566 | +€2,039 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €167 | €218,504 | +€218,337 | +130,741% |
| Income taxes | 67/77 | €400 | -€20,569 | -€20,969 | |
| Profit (loss) for the period | 9904 | -€233 | €239,073 | +€239,306 | |
| Profit (loss) for the period to be appropriated | 9905 | -€233 | €239,073 | +€239,306 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.