GO - RENOV: what changed
GO - RENOV
Largest movements
- Receivables within one year -€23,794
down €23,794 (-48.0%), from €49,565 to €25,772
of which Trade receivables: -€21,458
- Cash -€8,755
down €8,755 (-27.8%), from €31,479 to €22,724
mainly Net result for the year (-€12,474) and Trade debts (-€12,084)
- Tangible fixed assets -€2,102
down €2,102 (-5.2%), from €40,751 to €38,649
- Profit (loss) carried forward -€12,474
down €12,474 (-53.9%), from €23,144 to €10,670
- Trade debts -€12,084
no longer reported in 2025 (was €12,084)
- Debts after one year -€10,093
down €10,093 (-13.3%), from €75,931 to €65,838
- Gross operating margin -€17,249
down €17,249, from €16,178 to -€1,072
- Purchases and services +€15,804
up €15,804 (+14.8%), from €106,922 to €122,726
- Financial income -€15,439
down €15,439 (-93.1%), from €16,581 to €1,141
of which Non-recurring financial income: -€15,907
- Financial charges -€14,592
down €14,592 (-74.2%), from €19,667 to €5,075
of which Non-recurring financial charges: -€16,209
- Depreciation -€3,511
down €3,511 (-35.5%), from €9,885 to €6,374
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,796 | €87,145 | -€34,650 | -28.4% |
| Fixed assets | 21/28 | €40,751 | €38,649 | -€2,102 | -5.2% |
| Tangible fixed assets | 22/27 | €40,751 | €38,649 | -€2,102 | -5.2% |
| Plant, machinery and equipment | 23 | €40,751 | €38,649 | -€2,102 | -5.2% |
| Current assets | 29/58 | €81,045 | €48,496 | -€32,548 | -40.2% |
| Amounts receivable within one year | 40/41 | €49,565 | €25,772 | -€23,794 | -48.0% |
| Trade receivables | 40 | €26,267 | €4,809 | -€21,458 | -81.7% |
| Other amounts receivable | 41 | €23,298 | €20,963 | -€2,336 | -10.0% |
| Cash at bank and in hand | 54/58 | €31,479 | €22,724 | -€8,755 | -27.8% |
| Total equity and liabilities | 10/49 | €121,796 | €87,145 | -€34,650 | -28.4% |
| Equity | 10/15 | €33,781 | €21,307 | -€12,474 | -36.9% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Capital | 10 | €10,200 | €10,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,400 | €8,400 | = | 0.0% |
| Reserves | 13 | €437 | €437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €437 | €437 | = | 0.0% |
| Legal reserve | 130 | €437 | €437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,144 | €10,670 | -€12,474 | -53.9% |
| Amounts payable | 17/49 | €88,015 | €65,838 | -€22,177 | -25.2% |
| Amounts payable after more than one year | 17 | €75,931 | €65,838 | -€10,093 | -13.3% |
| Financial debts | 170/4 | €75,931 | €65,838 | -€10,093 | -13.3% |
| Amounts payable within one year | 42/48 | €12,084 | - | -€12,084 | |
| Trade debts | 44 | €12,084 | - | -€12,084 | |
| Suppliers | 440/4 | €12,084 | - | -€12,084 | |
| Turnover | 70 | €123,100 | €121,655 | -€1,445 | -1.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €106,922 | €122,726 | +€15,804 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,885 | €6,374 | -€3,511 | -35.5% |
| Other operating charges | 640/8 | €2,167 | €426 | -€1,740 | -80.3% |
| Gross operating margin | 9900 | €16,178 | -€1,072 | -€17,249 | |
| Operating profit (loss) | 9901 | €4,126 | -€7,872 | -€11,998 | |
| Financial income | 75/76B | €16,581 | €1,141 | -€15,439 | -93.1% |
| Recurring financial income | 75 | €674 | €1,141 | +€467 | +69.4% |
| Non-recurring financial income | 76B | €15,907 | - | -€15,907 | |
| Financial charges | 65/66B | €19,667 | €5,075 | -€14,592 | -74.2% |
| Recurring financial charges | 65 | €3,457 | €5,075 | +€1,618 | +46.8% |
| Non-recurring financial charges | 66B | €16,209 | - | -€16,209 | |
| Profit (loss) for the period before taxes | 9903 | €1,040 | -€11,806 | -€12,846 | |
| Income taxes | 67/77 | €276 | €668 | +€392 | +142% |
| Profit (loss) for the period | 9904 | €764 | -€12,474 | -€13,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €764 | -€12,474 | -€13,238 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.