BS RENOVE: what changed
BS RENOVE
Largest movements
- Cash +€78,465
up €78,465 (+196%), from €40,014 to €118,479
mainly Net result for the year (+€75,813) and Tax, wage and social debts (+€14,432)
- Receivables within one year +€15,605
up €15,605 (+698%), from €2,237 to €17,842
of which Other amounts receivable: +€15,162
- Tangible fixed assets -€8,952
down €8,952 (-26.8%), from €33,353 to €24,402
- Reserves +€75,813
up €75,813 (+371%), from €20,451 to €96,264
- Tax, wage and social debts +€14,432
up €14,432 (+259%), from €5,568 to €20,000
- Debts after one year -€5,174
down €5,174 (-19.0%), from €27,251 to €22,077
- Gross operating margin +€73,997
up €73,997 (+221%), from €33,445 to €107,442
- Taxes +€14,683
up €14,683 (+272%), from €5,400 to €20,083
- Depreciation +€4,214
up €4,214 (+88.9%), from €4,738 to €8,952
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 | €77,061 | €162,882 | +€85,822 | +111% |
| Fixed assets | 21/28 | €33,353 | €24,402 | -€8,952 | -26.8% |
| Tangible fixed assets | 22/27 | €33,353 | €24,402 | -€8,952 | -26.8% |
| Furniture and vehicles | 24 | €33,353 | €24,402 | -€8,952 | -26.8% |
| Current assets | 29/58 | €43,708 | €138,481 | +€94,773 | +217% |
| Amounts receivable within one year | 40/41 | €2,237 | €17,842 | +€15,605 | +698% |
| Trade receivables | 40 | €87 | €530 | +€443 | +509% |
| Other amounts receivable | 41 | €2,150 | €17,312 | +€15,162 | +705% |
| Cash at bank and in hand | 54/58 | €40,014 | €118,479 | +€78,465 | +196% |
| Deferred charges and accrued income | 490/1 | €1,457 | €2,160 | +€703 | +48.3% |
| Total equity and liabilities | 10/49 | €77,061 | €162,882 | +€85,822 | +111% |
| Equity | 10/15 | €25,451 | €101,264 | +€75,813 | +298% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,451 | €96,264 | +€75,813 | +371% |
| Distributable reserves | 133 | €20,451 | €96,264 | +€75,813 | +371% |
| Amounts payable | 17/49 | €51,610 | €61,619 | +€10,009 | +19.4% |
| Amounts payable after more than one year | 17 | €27,251 | €22,077 | -€5,174 | -19.0% |
| Financial debts | 170/4 | €27,251 | €22,077 | -€5,174 | -19.0% |
| Amounts payable within one year | 42/48 | €24,359 | €39,542 | +€15,182 | +62.3% |
| Trade debts | 44 | €15,668 | €15,864 | +€197 | +1.3% |
| Suppliers | 440/4 | €15,668 | €15,864 | +€197 | +1.3% |
| Taxes, remuneration and social security | 45 | €5,568 | €20,000 | +€14,432 | +259% |
| Taxes | 450/3 | €5,568 | €20,000 | +€14,432 | +259% |
| Other amounts payable | 47/48 | €3,124 | €3,678 | +€554 | +17.7% |
| Non-recurring operating income | 76A | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,738 | €8,952 | +€4,214 | +88.9% |
| Other operating charges | 640/8 | €1,955 | €1,039 | -€915 | -46.8% |
| Non-recurring operating charges | 66A | €547 | €185 | -€362 | -66.1% |
| Gross operating margin | 9900 | €33,445 | €107,442 | +€73,997 | +221% |
| Operating profit (loss) | 9901 | €26,205 | €97,265 | +€71,061 | +271% |
| Financial income | 75/76B | €216 | €148 | -€68 | -31.5% |
| Recurring financial income | 75 | €216 | €148 | -€68 | -31.5% |
| Financial charges | 65/66B | €570 | €1,518 | +€948 | +166% |
| Recurring financial charges | 65 | €570 | €1,518 | +€948 | +166% |
| Profit (loss) for the period before taxes | 9903 | €25,851 | €95,895 | +€70,044 | +271% |
| Income taxes | 67/77 | €5,400 | €20,083 | +€14,683 | +272% |
| Profit (loss) for the period | 9904 | €20,451 | €75,813 | +€55,362 | +271% |
| Profit (loss) for the period to be appropriated | 9905 | €20,451 | €75,813 | +€55,362 | +271% |
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 6 November 2026 via checked.be.