FV 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.
FV RENOVE
Largest movements
- Cash +€10,868
up €10,868 (+63.5%), from €17,124 to €27,992
mainly Net result for the year (+€21,109) and Other debts (+€12,094)
- Receivables within one year +€6,273
up €6,273 (+53.5%), from €11,715 to €17,988
of which Trade receivables: +€3,786
- Tangible fixed assets +€4,749
up €4,749 (+29.4%), from €16,140 to €20,889
of which Furniture and vehicles: +€10,036
- Profit (loss) carried forward +€21,109
up €21,109 (+44.3%), from -€47,638 to -€26,529
- Other debts +€12,094
up €12,094 (+23.6%), from €51,262 to €63,356
- Trade debts -€7,305
down €7,305 (-64.2%), from €11,374 to €4,069
- Debts after one year -€3,512
down €3,512 (-56.0%), from €6,273 to €2,761
- Gross operating margin +€33,866
up €33,866, from -€612 to €33,254
- Depreciation -€5,334
down €5,334 (-42.8%), from €12,463 to €7,129
- Financial charges +€849
up €849 (+34.2%), from €2,482 to €3,331
- Other operating charges +€665
up €665 (+65.2%), from €1,020 to €1,685
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 | €44,979 | €66,869 | +€21,890 | +48.7% |
| Fixed assets | 21/28 | €16,140 | €20,889 | +€4,749 | +29.4% |
| Tangible fixed assets | 22/27 | €16,140 | €20,889 | +€4,749 | +29.4% |
| Plant, machinery and equipment | 23 | €14,529 | €9,242 | -€5,287 | -36.4% |
| Furniture and vehicles | 24 | €1,611 | €11,647 | +€10,036 | +623% |
| Current assets | 29/58 | €28,839 | €45,980 | +€17,141 | +59.4% |
| Amounts receivable within one year | 40/41 | €11,715 | €17,988 | +€6,273 | +53.5% |
| Trade receivables | 40 | €11,444 | €15,230 | +€3,786 | +33.1% |
| Other amounts receivable | 41 | €271 | €2,758 | +€2,487 | +918% |
| Cash at bank and in hand | 54/58 | €17,124 | €27,992 | +€10,868 | +63.5% |
| Total equity and liabilities | 10/49 | €44,979 | €66,869 | +€21,890 | +48.7% |
| Equity | 10/15 | -€27,938 | -€6,829 | +€21,109 | +75.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,100 | €1,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Legal reserve | 130 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,638 | -€26,529 | +€21,109 | +44.3% |
| Amounts payable | 17/49 | €72,917 | €73,698 | +€781 | +1.1% |
| Amounts payable after more than one year | 17 | €6,273 | €2,761 | -€3,512 | -56.0% |
| Financial debts | 170/4 | €6,273 | €2,761 | -€3,512 | -56.0% |
| Amounts payable within one year | 42/48 | €66,644 | €70,937 | +€4,293 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €3,757 | €3,512 | -€245 | -6.5% |
| Trade debts | 44 | €11,374 | €4,069 | -€7,305 | -64.2% |
| Suppliers | 440/4 | €11,374 | €4,069 | -€7,305 | -64.2% |
| Taxes, remuneration and social security | 45 | €251 | - | -€251 | |
| Remuneration and social security | 454/9 | €251 | - | -€251 | |
| Other amounts payable | 47/48 | €51,262 | €63,356 | +€12,094 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,463 | €7,129 | -€5,334 | -42.8% |
| Other operating charges | 640/8 | €1,020 | €1,685 | +€665 | +65.2% |
| Gross operating margin | 9900 | -€612 | €33,254 | +€33,866 | |
| Operating profit (loss) | 9901 | -€14,095 | €24,440 | +€38,535 | |
| Financial charges | 65/66B | €2,482 | €3,331 | +€849 | +34.2% |
| Recurring financial charges | 65 | €2,482 | €3,331 | +€849 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,577 | €21,109 | +€37,686 | |
| Income taxes | 67/77 | -€36 | - | +€36 | |
| Profit (loss) for the period | 9904 | -€16,541 | €21,109 | +€37,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,541 | €21,109 | +€37,650 |
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 27 October 2026 via checked.be.