H.C. 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.
H.C. RENOV
Largest movements
- Receivables within one year +€50,126
up €50,126 (+31.2%), from €160,631 to €210,757
of which Trade receivables: +€66,191
- Cash -€23,748
down €23,748 (-88.6%), from €26,807 to €3,059
mainly Receivables within one year (-€50,126) and Investment in fixed assets (net) (-€10,999)
- Tangible fixed assets +€3,609
up €3,609 (+20.4%), from €17,730 to €21,339
of which Furniture and vehicles: +€8,405
- Profit (loss) carried forward +€16,566
up €16,566 (+13.3%), from €124,812 to €141,378
- Trade debts +€13,237
up €13,237 (+22.1%), from €59,896 to €73,133
- Purchases and services -€182,524
down €182,524 (-10.4%), from €1.8m to €1.6m
- Gross operating margin +€109,583
up €109,583 (+35.4%), from €309,678 to €419,261
- Turnover -€68,666
down €68,666 (-3.3%), from €2.1m to €2.0m
- Staff costs +€36,212
up €36,212 (+10.5%), from €346,457 to €382,669
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 | €205,168 | €235,155 | +€29,987 | +14.6% |
| Fixed assets | 21/28 | €17,730 | €21,339 | +€3,609 | +20.4% |
| Tangible fixed assets | 22/27 | €17,730 | €21,339 | +€3,609 | +20.4% |
| Plant, machinery and equipment | 23 | €11,555 | €6,759 | -€4,796 | -41.5% |
| Furniture and vehicles | 24 | €6,175 | €14,580 | +€8,405 | +136% |
| Current assets | 29/58 | €187,438 | €213,816 | +€26,378 | +14.1% |
| Amounts receivable within one year | 40/41 | €160,631 | €210,757 | +€50,126 | +31.2% |
| Trade receivables | 40 | €98,168 | €164,359 | +€66,191 | +67.4% |
| Other amounts receivable | 41 | €62,463 | €46,398 | -€16,065 | -25.7% |
| Cash at bank and in hand | 54/58 | €26,807 | €3,059 | -€23,748 | -88.6% |
| Total equity and liabilities | 10/49 | €205,168 | €235,155 | +€29,987 | +14.6% |
| Equity | 10/15 | €145,272 | €161,838 | +€16,566 | +11.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,812 | €141,378 | +€16,566 | +13.3% |
| Amounts payable | 17/49 | €59,896 | €73,317 | +€13,421 | +22.4% |
| Amounts payable within one year | 42/48 | €59,896 | €73,317 | +€13,421 | +22.4% |
| Trade debts | 44 | €59,896 | €73,133 | +€13,237 | +22.1% |
| Suppliers | 440/4 | €59,896 | €73,133 | +€13,237 | +22.1% |
| Taxes, remuneration and social security | 45 | - | €184 | +€184 | |
| Taxes | 450/3 | - | €184 | +€184 | |
| Turnover | 70 | €2,056,114 | €1,987,448 | -€68,666 | -3.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,752,870 | €1,570,346 | -€182,524 | -10.4% |
| Remuneration, social security and pensions | 62 | €346,457 | €382,669 | +€36,212 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,267 | €7,390 | +€123 | +1.7% |
| Other operating charges | 640/8 | €7,030 | €8,443 | +€1,413 | +20.1% |
| Gross operating margin | 9900 | €309,678 | €419,261 | +€109,583 | +35.4% |
| Operating profit (loss) | 9901 | -€51,076 | €20,759 | +€71,835 | |
| Financial charges | 65/66B | €4,859 | €3,808 | -€1,051 | -21.6% |
| Recurring financial charges | 65 | €4,859 | €3,808 | -€1,051 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€55,935 | €16,951 | +€72,886 | |
| Income taxes | 67/77 | - | €385 | +€385 | |
| Profit (loss) for the period | 9904 | -€55,935 | €16,566 | +€72,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,935 | €16,566 | +€72,501 |
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 25 October 2026 via checked.be.