GU 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.
GU RENOV
Largest movements
- Receivables within one year -€155,515
down €155,515 (-93.5%), from €166,367 to €10,852
of which Trade receivables: -€139,756
- Cash -€3,375
down €3,375 (-23.1%), from €14,582 to €11,207
mainly Trade debts (-€79,419) and Net result for the year (-€78,218)
- Trade debts -€79,419
down €79,419 (-91.7%), from €86,610 to €7,191
- Profit (loss) carried forward -€78,218
down €78,218, from €30,176 to -€48,042
- Debts after one year +€32,086
new in 2025: €32,086
- Tax, wage and social debts -€31,260
no longer reported in 2025 (was €31,260)
of which Taxes: -€17,762
- Other debts -€2,982
no longer reported in 2025 (was €2,982)
- Gross operating margin -€97,971
down €97,971, from €34,208 to -€63,764
- Financial income +€4,738
up €4,738 (+258,898%), from €2 to €4,740
of which Non-recurring financial income: +€4,740
- Staff costs -€4,200
no longer reported in 2025 (was €4,200)
- Depreciation -€3,978
no longer reported in 2025 (was €3,978)
- Other operating charges -€3,250
down €3,250 (-86.3%), from €3,766 to €516
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 | €181,851 | €22,059 | -€159,792 | -87.9% |
| Fixed assets | 21/28 | €902 | - | -€902 | |
| Tangible fixed assets | 22/27 | €902 | - | -€902 | |
| Plant, machinery and equipment | 23 | €902 | - | -€902 | |
| Current assets | 29/58 | €180,949 | €22,059 | -€158,890 | -87.8% |
| Amounts receivable within one year | 40/41 | €166,367 | €10,852 | -€155,515 | -93.5% |
| Trade receivables | 40 | €139,756 | - | -€139,756 | |
| Other amounts receivable | 41 | €26,611 | €10,852 | -€15,759 | -59.2% |
| Cash at bank and in hand | 54/58 | €14,582 | €11,207 | -€3,375 | -23.1% |
| Total equity and liabilities | 10/49 | €181,851 | €22,059 | -€159,792 | -87.9% |
| Equity | 10/15 | €60,999 | -€17,219 | -€78,218 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €12,224 | €12,224 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,364 | €10,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,176 | -€48,042 | -€78,218 | |
| Amounts payable | 17/49 | €120,852 | €39,278 | -€81,574 | -67.5% |
| Amounts payable after more than one year | 17 | - | €32,086 | +€32,086 | |
| Other amounts payable | 178/9 | - | €32,086 | +€32,086 | |
| Amounts payable within one year | 42/48 | €120,852 | €7,191 | -€113,660 | -94.0% |
| Trade debts | 44 | €86,610 | €7,191 | -€79,419 | -91.7% |
| Suppliers | 440/4 | €86,610 | €7,191 | -€79,419 | -91.7% |
| Taxes, remuneration and social security | 45 | €31,260 | - | -€31,260 | |
| Taxes | 450/3 | €17,762 | - | -€17,762 | |
| Remuneration and social security | 454/9 | €13,497 | - | -€13,497 | |
| Other amounts payable | 47/48 | €2,982 | - | -€2,982 | |
| Remuneration, social security and pensions | 62 | €4,200 | - | -€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,978 | - | -€3,978 | |
| Other operating charges | 640/8 | €3,766 | €516 | -€3,250 | -86.3% |
| Non-recurring operating charges | 66A | - | €5,641 | +€5,641 | |
| Gross operating margin | 9900 | €34,208 | -€63,764 | -€97,971 | |
| Operating profit (loss) | 9901 | €22,263 | -€69,921 | -€92,184 | |
| Financial income | 75/76B | €2 | €4,740 | +€4,738 | +258,898% |
| Recurring financial income | 75 | €2 | €4,740 | +€4,738 | +258,898% |
| Non-recurring financial income | 76B | - | €4,740 | +€4,740 | |
| Financial charges | 65/66B | €135 | €131 | -€4 | -2.9% |
| Recurring financial charges | 65 | €135 | €131 | -€4 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €22,130 | -€65,313 | -€87,443 | |
| Income taxes | 67/77 | €11,767 | €12,905 | +€1,139 | +9.7% |
| Profit (loss) for the period | 9904 | €10,364 | -€78,218 | -€88,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,364 | -€78,218 | -€88,581 |
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 16 October 2026 via checked.be.