BMF RENOVE: 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.
BMF RENOVE
Largest movements
- Tangible fixed assets -€29,112
down €29,112 (-6.1%), from €480,746 to €451,634
- Receivables within one year +€6,946
up €6,946 (+94.5%), from €7,347 to €14,293
of which Trade receivables: +€14,293
- Profit (loss) carried forward +€54,402
up €54,402 (+1,121%), from €4,853 to €59,255
- Other debts -€37,140
down €37,140 (-82.3%), from €45,130 to €7,990
- Debts after one year -€16,296
down €16,296 (-5.9%), from €278,040 to €261,744
- Trade debts -€13,804
down €13,804 (-100%), from €13,804 to €0
- Reserves -€11,565
no longer reported in 2025 (was €11,565)
- Gross operating margin +€94,260
up €94,260, from -€3,176 to €91,084
- Depreciation +€6,620
up €6,620 (+28.8%), from €22,961 to €29,581
- Financial charges +€1,660
up €1,660 (+40.6%), from €4,092 to €5,752
- Other operating charges +€927
new in 2025: €927
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 | €488,562 | €465,959 | -€22,603 | -4.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €481,215 | €451,634 | -€29,581 | -6.1% |
| Intangible fixed assets | 21 | €469 | €0 | -€469 | -100% |
| Tangible fixed assets | 22/27 | €480,746 | €451,634 | -€29,112 | -6.1% |
| Land and buildings | 22 | €480,746 | €451,634 | -€29,112 | -6.1% |
| Current assets | 29/58 | €7,347 | €14,325 | +€6,978 | +95.0% |
| Amounts receivable within one year | 40/41 | €7,347 | €14,293 | +€6,946 | +94.5% |
| Trade receivables | 40 | - | €14,293 | +€14,293 | |
| Other amounts receivable | 41 | €7,347 | - | -€7,347 | |
| Cash at bank and in hand | 54/58 | - | €32 | +€32 | |
| Total equity and liabilities | 10/49 | €488,562 | €465,959 | -€22,603 | -4.6% |
| Equity | 10/15 | €132,186 | €178,921 | +€46,735 | +35.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €95,768 | €99,666 | +€3,898 | +4.1% |
| Reserves | 13 | €11,565 | - | -€11,565 | |
| Distributable reserves | 133 | €11,565 | - | -€11,565 | |
| Profit (loss) carried forward | 14 | €4,853 | €59,255 | +€54,402 | +1,121% |
| Amounts payable | 17/49 | €356,376 | €287,038 | -€69,338 | -19.5% |
| Amounts payable after more than one year | 17 | €278,040 | €261,744 | -€16,296 | -5.9% |
| Financial debts | 170/4 | €278,040 | €261,744 | -€16,296 | -5.9% |
| Amounts payable within one year | 42/48 | €78,336 | €25,294 | -€53,042 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €19,397 | €17,299 | -€2,098 | -10.8% |
| Financial debts | 43 | €5 | €5 | = | 0.0% |
| Credit institutions | 430/8 | €5 | €5 | = | 0.0% |
| Trade debts | 44 | €13,804 | €0 | -€13,804 | -100% |
| Suppliers | 440/4 | €13,804 | €0 | -€13,804 | -100% |
| Other amounts payable | 47/48 | €45,130 | €7,990 | -€37,140 | -82.3% |
| Non-recurring operating income | 76A | €7,667 | - | -€7,667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,961 | €29,581 | +€6,620 | +28.8% |
| Other operating charges | 640/8 | - | €927 | +€927 | |
| Non-recurring operating charges | 66A | €161 | €422 | +€261 | +162% |
| Gross operating margin | 9900 | -€3,176 | €91,084 | +€94,260 | |
| Operating profit (loss) | 9901 | -€26,298 | €60,154 | +€86,452 | |
| Financial charges | 65/66B | €4,092 | €5,752 | +€1,660 | +40.6% |
| Recurring financial charges | 65 | €4,092 | €5,752 | +€1,660 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,390 | €54,402 | +€84,792 | |
| Profit (loss) for the period | 9904 | -€30,390 | €54,402 | +€84,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,390 | €54,402 | +€84,792 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.