GIO 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.
GIO RENOV
Largest movements
- Stocks and contracts +€29,600
new in 2025: €29,600
- Cash -€10,913
down €10,913 (-63.6%), from €17,153 to €6,240
mainly Stocks and contracts (-€29,600) and Investment in fixed assets (net) (-€8,866)
- Tangible fixed assets +€3,776
up €3,776 (+44.2%), from €8,537 to €12,313
of which Furniture and vehicles: +€6,141
- Receivables within one year -€2,416
down €2,416 (-1.3%), from €180,941 to €178,526
of which Other amounts receivable: -€12,001
- Reserves +€26,288
up €26,288 (+23.9%), from €109,837 to €136,125
- Trade debts -€5,014
down €5,014 (-6.5%), from €76,988 to €71,974
- Purchases and services -€284,796
no longer reported in 2025 (was €284,796)
- Taxes -€9,079
no longer reported in 2025 (was €9,079)
- Gross operating margin +€2,449
up €2,449 (+3.2%), from €77,574 to €80,024
- Other operating charges -€2,198
down €2,198 (-46.4%), from €4,739 to €2,541
- Financial income -€1,301
down €1,301 (-80.5%), from €1,616 to €315
of which Non-recurring financial income: -€1,413
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 | €208,064 | €227,330 | +€19,266 | +9.3% |
| Fixed assets | 21/28 | €8,537 | €12,313 | +€3,776 | +44.2% |
| Tangible fixed assets | 22/27 | €8,537 | €12,313 | +€3,776 | +44.2% |
| Plant, machinery and equipment | 23 | €6,486 | €4,121 | -€2,365 | -36.5% |
| Furniture and vehicles | 24 | €2,051 | €8,192 | +€6,141 | +299% |
| Current assets | 29/58 | €199,527 | €215,017 | +€15,490 | +7.8% |
| Stocks and contracts in progress | 3 | - | €29,600 | +€29,600 | |
| Stocks | 30/36 | - | €29,600 | +€29,600 | |
| Amounts receivable within one year | 40/41 | €180,941 | €178,526 | -€2,416 | -1.3% |
| Trade receivables | 40 | €133,315 | €142,900 | +€9,586 | +7.2% |
| Other amounts receivable | 41 | €47,626 | €35,625 | -€12,001 | -25.2% |
| Cash at bank and in hand | 54/58 | €17,153 | €6,240 | -€10,913 | -63.6% |
| Deferred charges and accrued income | 490/1 | €1,433 | €652 | -€781 | -54.5% |
| Total equity and liabilities | 10/49 | €208,064 | €227,330 | +€19,266 | +9.3% |
| Equity | 10/15 | €128,437 | €154,725 | +€26,288 | +20.5% |
| 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 | €109,837 | €136,125 | +€26,288 | +23.9% |
| Distributable reserves | 133 | €109,837 | €136,125 | +€26,288 | +23.9% |
| Amounts payable | 17/49 | €79,627 | €72,604 | -€7,023 | -8.8% |
| Amounts payable within one year | 42/48 | €79,627 | €72,604 | -€7,023 | -8.8% |
| Trade debts | 44 | €76,988 | €71,974 | -€5,014 | -6.5% |
| Suppliers | 440/4 | €76,988 | €71,974 | -€5,014 | -6.5% |
| Taxes, remuneration and social security | 45 | €2,639 | €630 | -€2,009 | -76.1% |
| Remuneration and social security | 454/9 | €2,639 | €630 | -€2,009 | -76.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €284,796 | - | -€284,796 | |
| Remuneration, social security and pensions | 62 | €43,439 | €43,080 | -€359 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,931 | €5,091 | -€840 | -14.2% |
| Other operating charges | 640/8 | €4,739 | €2,541 | -€2,198 | -46.4% |
| Gross operating margin | 9900 | €77,574 | €80,024 | +€2,449 | +3.2% |
| Operating profit (loss) | 9901 | €23,466 | €29,312 | +€5,846 | +24.9% |
| Financial income | 75/76B | €1,616 | €315 | -€1,301 | -80.5% |
| Recurring financial income | 75 | €203 | €315 | +€112 | +55.0% |
| Non-recurring financial income | 76B | €1,413 | - | -€1,413 | |
| Financial charges | 65/66B | €2,766 | €3,339 | +€572 | +20.7% |
| Recurring financial charges | 65 | €2,766 | €3,339 | +€572 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €22,316 | €26,288 | +€3,973 | +17.8% |
| Income taxes | 67/77 | €9,079 | - | -€9,079 | |
| Profit (loss) for the period | 9904 | €13,236 | €26,288 | +€13,052 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,236 | €26,288 | +€13,052 | +98.6% |
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.