I-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.
I-Renov
Largest movements
- Receivables within one year +€16,999
up €16,999 (+18.3%), from €92,905 to €109,904
of which Trade receivables: +€9,630
- Tangible fixed assets -€5,186
down €5,186 (-11.8%), from €44,108 to €38,922
of which Other tangible fixed assets: -€5,186
- Cash -€3,739
down €3,739 (-76.1%), from €4,912 to €1,173
mainly Receivables within one year (-€16,999) and Debts after one year (-€5,071)
- Accrued charges and deferred income +€12,500
new in 2025: €12,500
- Debts after one year -€5,071
down €5,071 (-19.7%), from €25,720 to €20,649
- Profit (loss) carried forward +€1,920
up €1,920 (+5.0%), from €38,198 to €40,118
- Gross operating margin -€10,025
down €10,025 (-47.7%), from €21,013 to €10,988
- Other operating charges +€1,147
up €1,147 (+70.2%), from €1,633 to €2,780
- Depreciation -€554
down €554 (-9.7%), from €5,740 to €5,186
- Taxes -€246
no longer reported in 2025 (was €246)
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 | €142,525 | €150,599 | +€8,074 | +5.7% |
| Fixed assets | 21/28 | €44,708 | €39,522 | -€5,186 | -11.6% |
| Tangible fixed assets | 22/27 | €44,108 | €38,922 | -€5,186 | -11.8% |
| Plant, machinery and equipment | 23 | €14,726 | €14,726 | = | 0.0% |
| Other tangible fixed assets | 26 | €29,382 | €24,196 | -€5,186 | -17.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €97,817 | €111,077 | +€13,260 | +13.6% |
| Amounts receivable within one year | 40/41 | €92,905 | €109,904 | +€16,999 | +18.3% |
| Trade receivables | 40 | €90,117 | €99,747 | +€9,630 | +10.7% |
| Other amounts receivable | 41 | €2,788 | €10,157 | +€7,369 | +264% |
| Cash at bank and in hand | 54/58 | €4,912 | €1,173 | -€3,739 | -76.1% |
| Total equity and liabilities | 10/49 | €142,525 | €150,599 | +€8,074 | +5.7% |
| Equity | 10/15 | €96,398 | €98,318 | +€1,920 | +2.0% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,198 | €40,118 | +€1,920 | +5.0% |
| Amounts payable | 17/49 | €46,127 | €52,281 | +€6,154 | +13.3% |
| Amounts payable after more than one year | 17 | €25,720 | €20,649 | -€5,071 | -19.7% |
| Financial debts | 170/4 | €25,720 | €20,649 | -€5,071 | -19.7% |
| Amounts payable within one year | 42/48 | €20,407 | €19,132 | -€1,275 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €4,946 | €5,071 | +€125 | +2.5% |
| Trade debts | 44 | €15,461 | €14,061 | -€1,400 | -9.1% |
| Suppliers | 440/4 | €15,461 | €14,061 | -€1,400 | -9.1% |
| Accrued charges and deferred income | 492/3 | - | €12,500 | +€12,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,740 | €5,186 | -€554 | -9.7% |
| Other operating charges | 640/8 | €1,633 | €2,780 | +€1,147 | +70.2% |
| Gross operating margin | 9900 | €21,013 | €10,988 | -€10,025 | -47.7% |
| Operating profit (loss) | 9901 | €13,640 | €3,022 | -€10,618 | -77.8% |
| Financial income | 75/76B | €1 | €21 | +€20 | +2,000% |
| Recurring financial income | 75 | €1 | €21 | +€20 | +2,000% |
| Financial charges | 65/66B | €1,154 | €1,123 | -€31 | -2.7% |
| Recurring financial charges | 65 | €1,154 | €1,123 | -€31 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €12,487 | €1,920 | -€10,567 | -84.6% |
| Income taxes | 67/77 | €246 | - | -€246 | |
| Profit (loss) for the period | 9904 | €12,241 | €1,920 | -€10,321 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,241 | €1,920 | -€10,321 | -84.3% |
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 26 October 2026 via checked.be.