FD. 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.
FD. RENOV
Largest movements
- Receivables within one year +€16,791
up €16,791 (+1,490%), from €1,127 to €17,918
of which Trade receivables: +€17,461
- Cash +€7,327
up €7,327 (+7,345%), from €100 to €7,426
mainly Net result for the year (+€35,408) and Debts after one year (+€22,583)
- Tangible fixed assets -€1,511
down €1,511 (-48.9%), from €3,091 to €1,580
of which Plant, machinery and equipment: -€1,407
- Profit (loss) carried forward +€35,408
up €35,408 (+69.5%), from -€50,953 to -€15,545
- Other debts -€33,811
down €33,811 (-97.2%), from €34,784 to €973
- Debts after one year +€22,583
up €22,583 (+934%), from €2,417 to €25,000
- Tax, wage and social debts +€4,897
up €4,897 (+289%), from €1,696 to €6,593
of which Remuneration and social security: +€6,313
- Trade debts -€4,795
down €4,795 (-65.9%), from €7,281 to €2,486
- Purchases and services -€134,347
down €134,347 (-70.9%), from €189,391 to €55,044
- Turnover -€96,250
down €96,250 (-50.5%), from €190,456 to €94,206
- Gross operating margin +€27,209
up €27,209 (+189%), from €14,431 to €41,640
- Financial charges -€14,092
down €14,092 (-97.0%), from €14,525 to €432
- Depreciation -€2,379
down €2,379 (-61.2%), from €3,890 to €1,511
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 | €4,317 | €26,924 | +€22,607 | +524% |
| Fixed assets | 21/28 | €3,091 | €1,580 | -€1,511 | -48.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €3,091 | €1,580 | -€1,511 | -48.9% |
| Plant, machinery and equipment | 23 | €2,987 | €1,580 | -€1,407 | -47.1% |
| Furniture and vehicles | 24 | €104 | €0 | -€104 | -100% |
| Current assets | 29/58 | €1,227 | €25,344 | +€24,118 | +1,966% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,127 | €17,918 | +€16,791 | +1,490% |
| Trade receivables | 40 | €0 | €17,461 | +€17,461 | |
| Other amounts receivable | 41 | €1,127 | €457 | -€669 | -59.4% |
| Cash at bank and in hand | 54/58 | €100 | €7,426 | +€7,327 | +7,345% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,317 | €26,924 | +€22,607 | +524% |
| Equity | 10/15 | -€45,953 | -€10,545 | +€35,408 | +77.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,953 | -€15,545 | +€35,408 | +69.5% |
| Amounts payable | 17/49 | €50,270 | €37,470 | -€12,800 | -25.5% |
| Amounts payable after more than one year | 17 | €2,417 | €25,000 | +€22,583 | +934% |
| Financial debts | 170/4 | €2,417 | €25,000 | +€22,583 | +934% |
| Amounts payable within one year | 42/48 | €47,853 | €12,470 | -€35,383 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €4,091 | €2,417 | -€1,674 | -40.9% |
| Trade debts | 44 | €7,281 | €2,486 | -€4,795 | -65.9% |
| Suppliers | 440/4 | €7,281 | €2,486 | -€4,795 | -65.9% |
| Taxes, remuneration and social security | 45 | €1,696 | €6,593 | +€4,897 | +289% |
| Taxes | 450/3 | €1,696 | €280 | -€1,416 | -83.5% |
| Remuneration and social security | 454/9 | €0 | €6,313 | +€6,313 | |
| Other amounts payable | 47/48 | €34,784 | €973 | -€33,811 | -97.2% |
| Turnover | 70 | €190,456 | €94,206 | -€96,250 | -50.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €189,391 | €55,044 | -€134,347 | -70.9% |
| Remuneration, social security and pensions | 62 | -€23 | - | +€23 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,890 | €1,511 | -€2,379 | -61.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,120 | €2,000 | +€880 | +78.6% |
| Other operating charges | 640/8 | €584 | €2,173 | +€1,589 | +272% |
| Gross operating margin | 9900 | €14,431 | €41,640 | +€27,209 | +189% |
| Operating profit (loss) | 9901 | €8,861 | €35,956 | +€27,095 | +306% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €14,525 | €432 | -€14,092 | -97.0% |
| Recurring financial charges | 65 | €14,525 | €432 | -€14,092 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,663 | €35,548 | +€41,211 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€5,803 | €35,408 | +€41,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,803 | €35,408 | +€41,210 |
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.