IAC RENOVE: what changed
What changed
IAC RENOVE
NACE 43.422, Screed work
filed annual accounts (NBB)
Net result for the year
€7,477
2024 · €3,320+€4,157
Equity
€171,428
2024 · €163,950+€7,477
Cash
€140,944
2024 · €149,602-€8,658
Balance sheet total
€658,856
2024 · €685,302-€26,446
Largest movements
Assets
- Receivables within one year -€23,643
down €23,643 (-24.8%), from €95,281 to €71,639
of which Trade receivables: -€34,289
- Cash -€8,658
down €8,658 (-5.8%), from €149,602 to €140,944
mainly Investment in fixed assets (net) (-€36,647) and Other debts (-€34,274)
Equity and liabilities
- Other debts -€34,274
down €34,274 (-52.4%), from €65,396 to €31,122
- Reserves +€7,477
up €7,477 (+4.7%), from €157,750 to €165,228
Income statement
- Gross operating margin +€11,950
up €11,950 (+23.5%), from €50,877 to €62,827
- Depreciation +€5,202
up €5,202 (+17.8%), from €29,303 to €34,505
- Financial charges +€3,019
up €3,019 (+20.0%), from €15,099 to €18,118
- Financial income +€2,502
new in 2025: €2,502
- Taxes +€1,146
up €1,146 (+148%), from €773 to €1,919
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.
Result 2024
€3,320
Gross operating margin
+€11,950
Depreciation
-€5,202
Other operating charges
-€1,044
Other operating items
+€116
Financial income
+€2,502
Financial charges
-€3,019
Taxes
-€1,146
Result 2025
€7,477
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22,041
Investment
-€36,647
Financing
+€5,948
Cash 2024
€149,602
From operations (derived)
+€22,041
Net result for the year
+€7,477
Depreciation
+€34,505
Receivables within one year
+€23,643
Deferred charges and accrued income
-€3,712
Trade debts
-€4,661
Tax, wage and social debts
-€194
Other debts
-€34,274
Accrued charges and deferred income
-€743
Investment (derived)
-€36,647
Investment in fixed assets (net)
-€36,647
Financing
+€5,948
Debts after one year
+€2,051
Current portion of long-term debt
+€3,898
Cash 2025
€140,944
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €685,302 | €658,856 | -€26,446 | -3.9% |
| Fixed assets | 21/28 | €438,984 | €441,127 | +€2,142 | +0.5% |
| Tangible fixed assets | 22/27 | €438,670 | €440,812 | +€2,142 | +0.5% |
| Plant, machinery and equipment | 23 | €1,558 | €789 | -€769 | -49.4% |
| Furniture and vehicles | 24 | €30,828 | €54,924 | +€24,096 | +78.2% |
| Other tangible fixed assets | 26 | €406,284 | €385,099 | -€21,185 | -5.2% |
| Financial fixed assets | 28 | €315 | €315 | = | 0.0% |
| Current assets | 29/58 | €246,318 | €217,729 | -€28,589 | -11.6% |
| Amounts receivable within one year | 40/41 | €95,281 | €71,639 | -€23,643 | -24.8% |
| Trade receivables | 40 | €91,868 | €57,578 | -€34,289 | -37.3% |
| Other amounts receivable | 41 | €3,414 | €14,060 | +€10,646 | +312% |
| Cash at bank and in hand | 54/58 | €149,602 | €140,944 | -€8,658 | -5.8% |
| Deferred charges and accrued income | 490/1 | €1,435 | €5,147 | +€3,712 | +259% |
| Total equity and liabilities | 10/49 | €685,302 | €658,856 | -€26,446 | -3.9% |
| Equity | 10/15 | €163,950 | €171,428 | +€7,477 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €157,750 | €165,228 | +€7,477 | +4.7% |
| Distributable reserves | 133 | €157,750 | €165,228 | +€7,477 | +4.7% |
| Amounts payable | 17/49 | €521,352 | €487,428 | -€33,924 | -6.5% |
| Amounts payable after more than one year | 17 | €368,683 | €370,733 | +€2,051 | +0.6% |
| Financial debts | 170/4 | €368,683 | €370,733 | +€2,051 | +0.6% |
| Amounts payable within one year | 42/48 | €149,395 | €114,163 | -€35,232 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €29,012 | €32,910 | +€3,898 | +13.4% |
| Trade debts | 44 | €50,293 | €45,632 | -€4,661 | -9.3% |
| Suppliers | 440/4 | €50,293 | €45,632 | -€4,661 | -9.3% |
| Taxes, remuneration and social security | 45 | €4,694 | €4,500 | -€194 | -4.1% |
| Taxes | 450/3 | €4,694 | - | -€4,694 | |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €65,396 | €31,122 | -€34,274 | -52.4% |
| Accrued charges and deferred income | 492/3 | €3,274 | €2,532 | -€743 | -22.7% |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,303 | €34,505 | +€5,202 | +17.8% |
| Other operating charges | 640/8 | €2,213 | €3,257 | +€1,044 | +47.2% |
| Non-recurring operating charges | 66A | €169 | €53 | -€116 | -68.6% |
| Gross operating margin | 9900 | €50,877 | €62,827 | +€11,950 | +23.5% |
| Operating profit (loss) | 9901 | €19,192 | €25,012 | +€5,820 | +30.3% |
| Financial income | 75/76B | - | €2,502 | +€2,502 | |
| Recurring financial income | 75 | - | €2,502 | +€2,502 | |
| Financial charges | 65/66B | €15,099 | €18,118 | +€3,019 | +20.0% |
| Recurring financial charges | 65 | €15,099 | €18,118 | +€3,019 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €4,093 | €9,396 | +€5,303 | +130% |
| Income taxes | 67/77 | €773 | €1,919 | +€1,146 | +148% |
| Profit (loss) for the period | 9904 | €3,320 | €7,477 | +€4,157 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €3,320 | €7,477 | +€4,157 | +125% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.