GR Renova Projects: what changed
GR Renova Projects
Largest movements
- Receivables within one year -€15,000
no longer reported in 2025 (was €15,000)
of which Trade receivables: -€12,500
- Cash -€6,195
down €6,195 (-99.7%), from €6,216 to €21
mainly Current portion of long-term debt (-€13,189) and Debts after one year (-€11,705)
- Other debts +€18,326
up €18,326 (+155%), from €11,787 to €30,113
- Current portion of long-term debt -€13,189
no longer reported in 2025 (was €13,189)
- Debts after one year -€11,705
down €11,705 (-29.5%), from €39,705 to €28,000
- Profit (loss) carried forward -€10,577
down €10,577 (-14.3%), from -€74,177 to -€84,754
- Trade debts -€3,904
down €3,904 (-27.3%), from €14,288 to €10,384
- Gross operating margin -€5,802
down €5,802 (-173%), from -€3,357 to -€9,159
- Financial income -€3,341
no longer reported in 2025 (was €3,341)
of which Financial income: -€3,341
- Financial charges -€279
down €279 (-27.8%), from €1,005 to €726
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 | €21,216 | €21 | -€21,195 | -99.9% |
| Current assets | 29/58 | €21,216 | €21 | -€21,195 | -99.9% |
| Amounts receivable within one year | 40/41 | €15,000 | - | -€15,000 | |
| Trade receivables | 40 | €12,500 | - | -€12,500 | |
| Other amounts receivable | 41 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €6,216 | €21 | -€6,195 | -99.7% |
| Total equity and liabilities | 10/49 | €21,216 | €21 | -€21,195 | -99.9% |
| Equity | 10/15 | -€59,897 | -€70,554 | -€10,657 | -17.8% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €80 | - | -€80 | |
| Non-distributable reserves | 130/1 | €80 | - | -€80 | |
| Reserves not available under the articles | 1311 | €80 | - | -€80 | |
| Profit (loss) carried forward | 14 | -€74,177 | -€84,754 | -€10,577 | -14.3% |
| Amounts payable | 17/49 | €81,113 | €70,575 | -€10,538 | -13.0% |
| Amounts payable after more than one year | 17 | €39,705 | €28,000 | -€11,705 | -29.5% |
| Financial debts | 170/4 | €39,705 | €28,000 | -€11,705 | -29.5% |
| Amounts payable within one year | 42/48 | €41,380 | €42,575 | +€1,195 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €13,189 | - | -€13,189 | |
| Trade debts | 44 | €14,288 | €10,384 | -€3,904 | -27.3% |
| Suppliers | 440/4 | €14,288 | €10,384 | -€3,904 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,117 | €2,077 | -€39 | -1.9% |
| Taxes | 450/3 | €2,117 | €2,077 | -€39 | -1.9% |
| Other amounts payable | 47/48 | €11,787 | €30,113 | +€18,326 | +155% |
| Accrued charges and deferred income | 492/3 | €28 | - | -€28 | |
| Other operating charges | 640/8 | €817 | €773 | -€44 | -5.4% |
| Gross operating margin | 9900 | -€3,357 | -€9,159 | -€5,802 | -173% |
| Operating profit (loss) | 9901 | -€4,174 | -€9,931 | -€5,758 | -138% |
| Financial income | 75/76B | €3,341 | - | -€3,341 | |
| Recurring financial income | 75 | €3,341 | - | -€3,341 | |
| Non-recurring financial income | 76B | €3,341 | - | -€3,341 | |
| Financial charges | 65/66B | €1,005 | €726 | -€279 | -27.8% |
| Recurring financial charges | 65 | €1,005 | €726 | -€279 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,837 | -€10,657 | -€8,820 | -480% |
| Profit (loss) for the period | 9904 | -€1,837 | -€10,657 | -€8,820 | -480% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,837 | -€10,657 | -€8,820 | -480% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.