IMMO-RÉNOVE: 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.
IMMO-RÉNOVE
Largest movements
- Receivables within one year +€7,470
up €7,470 (+111%), from €6,745 to €14,215
of which Trade receivables: +€7,258
- Stocks and contracts -€4,075
no longer reported in 2025 (was €4,075)
- Tangible fixed assets +€3,736
up €3,736 (+120%), from €3,116 to €6,851
of which Plant, machinery and equipment: +€2,003
- Cash +€2,787
new in 2025: €2,787
mainly Debts after one year (+€10,856) and Stocks and contracts (+€4,075)
- Financial fixed assets -€1,000
no longer reported in 2025 (was €1,000)
- Debts after one year +€10,856
new in 2025: €10,856
- Profit (loss) carried forward -€6,234
down €6,234 (-105%), from -€5,953 to -€12,188
- Tax, wage and social debts +€2,000
up €2,000 (+183%), from €1,095 to €3,095
of which Remuneration and social security: +€2,000
- Current portion of long-term debt +€1,825
up €1,825 (+188%), from €969 to €2,794
- Trade debts -€1,624
down €1,624 (-57.9%), from €2,807 to €1,183
- Gross operating margin -€6,198
down €6,198, from €3,695 to -€2,504
- Financial charges +€307
up €307 (+76.1%), from €404 to €711
- Financial income +€155
up €155 (+261%), from €60 to €215
- Other operating charges +€53
up €53 (+23.8%), from €223 to €276
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 | €16,035 | €24,258 | +€8,223 | +51.3% |
| Fixed assets | 21/28 | €4,116 | €6,851 | +€2,736 | +66.5% |
| Tangible fixed assets | 22/27 | €3,116 | €6,851 | +€3,736 | +120% |
| Plant, machinery and equipment | 23 | €1,493 | €3,496 | +€2,003 | +134% |
| Furniture and vehicles | 24 | €1,623 | €3,356 | +€1,733 | +107% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €11,920 | €17,407 | +€5,487 | +46.0% |
| Stocks and contracts in progress | 3 | €4,075 | - | -€4,075 | |
| Stocks | 30/36 | €4,075 | - | -€4,075 | |
| Amounts receivable within one year | 40/41 | €6,745 | €14,215 | +€7,470 | +111% |
| Trade receivables | 40 | €2,895 | €10,153 | +€7,258 | +251% |
| Other amounts receivable | 41 | €3,851 | €4,062 | +€212 | +5.5% |
| Cash at bank and in hand | 54/58 | - | €2,787 | +€2,787 | |
| Deferred charges and accrued income | 490/1 | €1,099 | €404 | -€695 | -63.2% |
| Total equity and liabilities | 10/49 | €16,035 | €24,258 | +€8,223 | +51.3% |
| Equity | 10/15 | €11,159 | €4,925 | -€6,234 | -55.9% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €112 | €112 | = | 0.0% |
| Distributable reserves | 133 | €112 | €112 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,953 | -€12,188 | -€6,234 | -105% |
| Amounts payable | 17/49 | €4,877 | €19,334 | +€14,457 | +296% |
| Amounts payable after more than one year | 17 | - | €10,856 | +€10,856 | |
| Financial debts | 170/4 | - | €10,856 | +€10,856 | |
| Amounts payable within one year | 42/48 | €4,877 | €8,478 | +€3,602 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | €969 | €2,794 | +€1,825 | +188% |
| Financial debts | 43 | €5 | - | -€5 | |
| Other loans | 439 | €5 | - | -€5 | |
| Trade debts | 44 | €2,807 | €1,183 | -€1,624 | -57.9% |
| Suppliers | 440/4 | €2,807 | €1,183 | -€1,624 | -57.9% |
| Taxes, remuneration and social security | 45 | €1,095 | €3,095 | +€2,000 | +183% |
| Taxes | 450/3 | €1,095 | €1,095 | = | 0.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €1,406 | +€1,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,967 | €2,958 | -€9 | -0.3% |
| Other operating charges | 640/8 | €223 | €276 | +€53 | +23.8% |
| Gross operating margin | 9900 | €3,695 | -€2,504 | -€6,198 | |
| Operating profit (loss) | 9901 | €505 | -€5,738 | -€6,243 | |
| Financial income | 75/76B | €60 | €215 | +€155 | +261% |
| Recurring financial income | 75 | €60 | €215 | +€155 | +261% |
| Financial charges | 65/66B | €404 | €711 | +€307 | +76.1% |
| Recurring financial charges | 65 | €404 | €711 | +€307 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €160 | -€6,234 | -€6,395 | |
| Profit (loss) for the period | 9904 | €160 | -€6,234 | -€6,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €160 | -€6,234 | -€6,395 |
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 23 October 2026 via checked.be.