CS 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.
CS RENOV
Largest movements
- Receivables within one year -€76,101
down €76,101 (-14.6%), from €520,846 to €444,745
of which Trade receivables: -€93,645
- Deferred charges and accrued income -€43,736
down €43,736 (-100%), from €43,736 to €0
- Cash +€20,505
up €20,505 (+1,092%), from €1,877 to €22,381
mainly Other debts (+€95,842) and Receivables within one year (+€76,101)
- Financial fixed assets +€10,000
up €10,000 (+274%), from €3,653 to €13,653
- Trade debts -€215,694
down €215,694 (-51.7%), from €417,327 to €201,634
- Other debts +€95,842
up €95,842 (+554%), from €17,291 to €113,133
- Tax, wage and social debts +€19,211
up €19,211 (+83.9%), from €22,904 to €42,115
of which Taxes: +€14,211
- Profit (loss) carried forward +€14,352
up €14,352 (+12.7%), from €112,621 to €126,973
- Gross operating margin +€24,706
up €24,706 (+128%), from €19,298 to €44,005
- Taxes +€7,843
up €7,843 (+125%), from €6,266 to €14,109
- Financial charges -€3,157
down €3,157 (-67.3%), from €4,690 to €1,533
- Financial income -€2,843
down €2,843 (-98.3%), from €2,892 to €49
- Depreciation +€2,260
up €2,260 (+43.6%), from €5,189 to €7,450
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 | €584,404 | €498,116 | -€86,289 | -14.8% |
| Fixed assets | 21/28 | €17,946 | €30,989 | +€13,043 | +72.7% |
| Tangible fixed assets | 22/27 | €14,293 | €17,336 | +€3,043 | +21.3% |
| Plant, machinery and equipment | 23 | €1,908 | €1,608 | -€300 | -15.7% |
| Furniture and vehicles | 24 | €12,385 | €15,728 | +€3,343 | +27.0% |
| Financial fixed assets | 28 | €3,653 | €13,653 | +€10,000 | +274% |
| Current assets | 29/58 | €566,459 | €467,127 | -€99,332 | -17.5% |
| Amounts receivable within one year | 40/41 | €520,846 | €444,745 | -€76,101 | -14.6% |
| Trade receivables | 40 | €504,302 | €410,657 | -€93,645 | -18.6% |
| Other amounts receivable | 41 | €16,544 | €34,088 | +€17,544 | +106% |
| Cash at bank and in hand | 54/58 | €1,877 | €22,381 | +€20,505 | +1,092% |
| Deferred charges and accrued income | 490/1 | €43,736 | €0 | -€43,736 | -100% |
| Total equity and liabilities | 10/49 | €584,404 | €498,116 | -€86,289 | -14.8% |
| Equity | 10/15 | €126,881 | €141,233 | +€14,352 | +11.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,621 | €126,973 | +€14,352 | +12.7% |
| Amounts payable | 17/49 | €457,523 | €356,882 | -€100,641 | -22.0% |
| Amounts payable within one year | 42/48 | €457,523 | €356,882 | -€100,641 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €417,327 | €201,634 | -€215,694 | -51.7% |
| Suppliers | 440/4 | €417,327 | €201,634 | -€215,694 | -51.7% |
| Taxes, remuneration and social security | 45 | €22,904 | €42,115 | +€19,211 | +83.9% |
| Taxes | 450/3 | €22,904 | €37,115 | +€14,211 | +62.0% |
| Remuneration and social security | 454/9 | €0 | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €17,291 | €113,133 | +€95,842 | +554% |
| Remuneration, social security and pensions | 62 | €426 | €577 | +€151 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,189 | €7,450 | +€2,260 | +43.6% |
| Other operating charges | 640/8 | €6,902 | €6,034 | -€869 | -12.6% |
| Gross operating margin | 9900 | €19,298 | €44,005 | +€24,706 | +128% |
| Operating profit (loss) | 9901 | €6,781 | €29,944 | +€23,164 | +342% |
| Financial income | 75/76B | €2,892 | €49 | -€2,843 | -98.3% |
| Recurring financial income | 75 | €2,892 | €49 | -€2,843 | -98.3% |
| Financial charges | 65/66B | €4,690 | €1,533 | -€3,157 | -67.3% |
| Recurring financial charges | 65 | €4,690 | €1,533 | -€3,157 | -67.3% |
| Profit (loss) for the period before taxes | 9903 | €4,983 | €28,461 | +€23,478 | +471% |
| Income taxes | 67/77 | €6,266 | €14,109 | +€7,843 | +125% |
| Profit (loss) for the period | 9904 | -€1,282 | €14,352 | +€15,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,282 | €14,352 | +€15,635 |
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 23 October 2026 via checked.be.