G RENOVA: 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.
G RENOVA
Largest movements
- Cash +€10,606
up €10,606 (+65.5%), from €16,201 to €26,807
mainly Tax, wage and social debts (+€8,746) and Net result for the year (+€7,646)
- Receivables within one year +€7,768
up €7,768 (+118%), from €6,573 to €14,342
of which Trade receivables: +€7,073
- Tangible fixed assets +€2,084
up €2,084 (+46.6%), from €4,476 to €6,560
of which Furniture and vehicles: +€4,167
- Tax, wage and social debts +€8,746
up €8,746 (+160%), from €5,450 to €14,196
of which Remuneration and social security: +€6,436
- Profit (loss) carried forward +€7,646
up €7,646 (+69.3%), from €11,033 to €18,679
- Advances received -€7,203
no longer reported in 2025 (was €7,203)
- Accrued charges and deferred income +€7,000
new in 2025: €7,000
- Trade debts +€5,628
up €5,628 (+407%), from €1,384 to €7,012
- Gross operating margin +€28,707
up €28,707 (+153%), from €18,745 to €47,452
- Staff costs +€28,195
new in 2025: €28,195
- Other operating charges +€5,123
up €5,123 (+439%), from €1,166 to €6,290
- Taxes -€950
down €950 (-32.2%), from €2,950 to €2,000
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 | €27,250 | €47,708 | +€20,458 | +75.1% |
| Fixed assets | 21/28 | €4,476 | €6,560 | +€2,084 | +46.6% |
| Tangible fixed assets | 22/27 | €4,476 | €6,560 | +€2,084 | +46.6% |
| Plant, machinery and equipment | 23 | €4,167 | €2,084 | -€2,083 | -50.0% |
| Furniture and vehicles | 24 | €309 | €4,477 | +€4,167 | +1,348% |
| Current assets | 29/58 | €22,774 | €41,148 | +€18,374 | +80.7% |
| Amounts receivable within one year | 40/41 | €6,573 | €14,342 | +€7,768 | +118% |
| Trade receivables | 40 | €3,737 | €10,810 | +€7,073 | +189% |
| Other amounts receivable | 41 | €2,836 | €3,532 | +€696 | +24.5% |
| Cash at bank and in hand | 54/58 | €16,201 | €26,807 | +€10,606 | +65.5% |
| Total equity and liabilities | 10/49 | €27,250 | €47,708 | +€20,458 | +75.1% |
| Equity | 10/15 | €11,033 | €18,679 | +€7,646 | +69.3% |
| Profit (loss) carried forward | 14 | €11,033 | €18,679 | +€7,646 | +69.3% |
| Amounts payable | 17/49 | €16,217 | €29,029 | +€12,812 | +79.0% |
| Amounts payable within one year | 42/48 | €16,217 | €22,029 | +€5,812 | +35.8% |
| Trade debts | 44 | €1,384 | €7,012 | +€5,628 | +407% |
| Suppliers | 440/4 | €1,384 | €7,012 | +€5,628 | +407% |
| Advances received on contracts in progress | 46 | €7,203 | - | -€7,203 | |
| Taxes, remuneration and social security | 45 | €5,450 | €14,196 | +€8,746 | +160% |
| Taxes | 450/3 | €2,950 | €5,260 | +€2,310 | +78.3% |
| Remuneration and social security | 454/9 | €2,500 | €8,936 | +€6,436 | +257% |
| Other amounts payable | 47/48 | €2,181 | €822 | -€1,359 | -62.3% |
| Accrued charges and deferred income | 492/3 | - | €7,000 | +€7,000 | |
| Remuneration, social security and pensions | 62 | - | €28,195 | +€28,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,564 | €3,288 | -€276 | -7.7% |
| Other operating charges | 640/8 | €1,166 | €6,290 | +€5,123 | +439% |
| Gross operating margin | 9900 | €18,745 | €47,452 | +€28,707 | +153% |
| Operating profit (loss) | 9901 | €14,015 | €9,680 | -€4,335 | -30.9% |
| Financial income | 75/76B | €15 | €19 | +€4 | +27.5% |
| Recurring financial income | 75 | €15 | €19 | +€4 | +27.5% |
| Financial charges | 65/66B | €47 | €53 | +€6 | +13.6% |
| Recurring financial charges | 65 | €47 | €53 | +€6 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €13,983 | €9,646 | -€4,337 | -31.0% |
| Income taxes | 67/77 | €2,950 | €2,000 | -€950 | -32.2% |
| Profit (loss) for the period | 9904 | €11,033 | €7,646 | -€3,387 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,033 | €7,646 | -€3,387 | -30.7% |
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.