JAN RENOVA: 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.
JAN RENOVA
Largest movements
- Receivables within one year +€32,246
up €32,246 (+21.5%), from €150,071 to €182,317
of which Trade receivables: +€32,814
- Tangible fixed assets -€4,772
no longer reported in 2025 (was €4,772)
of which Furniture and vehicles: -€4,699
- Cash +€3,816
up €3,816 (+142%), from €2,680 to €6,496
mainly Trade debts (+€18,853) and Tax, wage and social debts (+€11,231)
- Trade debts +€18,853
up €18,853 (+3,767%), from €500 to €19,353
- Tax, wage and social debts +€11,231
new in 2025: €11,231
of which Remuneration and social security: +€9,000
- Profit (loss) carried forward +€9,274
up €9,274 (+9.8%), from €94,551 to €103,825
- Other debts -€9,048
down €9,048 (-17.0%), from €53,212 to €44,164
- Gross operating margin -€5,030
down €5,030 (-29.2%), from €17,202 to €12,172
- Other operating charges -€2,956
down €2,956 (-87.1%), from €3,393 to €438
- Taxes -€1,438
down €1,438 (-39.5%), from €3,639 to €2,201
- Financial charges -€519
down €519 (-68.2%), from €762 to €243
- Depreciation -€344
down €344 (-67.2%), from €511 to €168
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 | €163,623 | €193,933 | +€30,310 | +18.5% |
| Fixed assets | 21/28 | €4,892 | €120 | -€4,772 | -97.5% |
| Tangible fixed assets | 22/27 | €4,772 | - | -€4,772 | |
| Plant, machinery and equipment | 23 | €73 | - | -€73 | |
| Furniture and vehicles | 24 | €4,699 | - | -€4,699 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €158,731 | €193,813 | +€35,082 | +22.1% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €150,071 | €182,317 | +€32,246 | +21.5% |
| Trade receivables | 40 | €145,975 | €178,789 | +€32,814 | +22.5% |
| Other amounts receivable | 41 | €4,096 | €3,528 | -€568 | -13.9% |
| Cash at bank and in hand | 54/58 | €2,680 | €6,496 | +€3,816 | +142% |
| Deferred charges and accrued income | 490/1 | €980 | - | -€980 | |
| Total equity and liabilities | 10/49 | €163,623 | €193,933 | +€30,310 | +18.5% |
| Equity | 10/15 | €109,911 | €119,185 | +€9,274 | +8.4% |
| Contributions | 10/11 | €13,500 | €13,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €94,551 | €103,825 | +€9,274 | +9.8% |
| Amounts payable | 17/49 | €53,712 | €74,748 | +€21,036 | +39.2% |
| Amounts payable within one year | 42/48 | €53,712 | €74,748 | +€21,036 | +39.2% |
| Trade debts | 44 | €500 | €19,353 | +€18,853 | +3,767% |
| Suppliers | 440/4 | €500 | €19,353 | +€18,853 | +3,767% |
| Taxes, remuneration and social security | 45 | - | €11,231 | +€11,231 | |
| Taxes | 450/3 | - | €2,231 | +€2,231 | |
| Remuneration and social security | 454/9 | - | €9,000 | +€9,000 | |
| Other amounts payable | 47/48 | €53,212 | €44,164 | -€9,048 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511 | €168 | -€344 | -67.2% |
| Other operating charges | 640/8 | €3,393 | €438 | -€2,956 | -87.1% |
| Gross operating margin | 9900 | €17,202 | €12,172 | -€5,030 | -29.2% |
| Operating profit (loss) | 9901 | €13,297 | €11,566 | -€1,731 | -13.0% |
| Financial income | 75/76B | €0 | €151 | +€151 | +1,508,900% |
| Recurring financial income | 75 | €0 | €151 | +€151 | +1,508,900% |
| Financial charges | 65/66B | €762 | €243 | -€519 | -68.2% |
| Recurring financial charges | 65 | €762 | €243 | -€519 | -68.2% |
| Profit (loss) for the period before taxes | 9903 | €12,535 | €11,475 | -€1,061 | -8.5% |
| Income taxes | 67/77 | €3,639 | €2,201 | -€1,438 | -39.5% |
| Profit (loss) for the period | 9904 | €8,896 | €9,274 | +€378 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,896 | €9,274 | +€378 | +4.2% |
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 29 October 2026 via checked.be.