JB RENOVE: 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.
JB RENOVE
Largest movements
- Cash +€13,173
up €13,173 (+456%), from €2,886 to €16,059
mainly Depreciation (+€6,615) and Other debts (+€4,001)
- Tangible fixed assets -€6,206
down €6,206 (-34.8%), from €17,849 to €11,643
of which Furniture and vehicles: -€5,133
- Receivables within one year +€4,729
up €4,729 (+276%), from €1,711 to €6,440
of which Trade receivables: +€4,752
- Formation expenses -€409
down €409 (-74.2%), from €551 to €142
- Other debts +€4,001
up €4,001 (+21.7%), from €18,431 to €22,432
- Trade debts +€3,676
up €3,676 (+3,169%), from €116 to €3,792
- Reserves +€2,374
up €2,374 (+121%), from €1,962 to €4,336
- Tax, wage and social debts +€1,236
up €1,236 (+1,405%), from €88 to €1,324
- Gross operating margin +€8,154
up €8,154 (+491%), from €1,661 to €9,815
- Depreciation +€5,435
up €5,435 (+461%), from €1,180 to €6,615
- Taxes +€506
up €506 (+582%), from €87 to €593
- Other operating charges +€173
new in 2025: €173
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 | €22,997 | €34,284 | +€11,287 | +49.1% |
| Formation expenses | 20 | €551 | €142 | -€409 | -74.2% |
| Fixed assets | 21/28 | €17,849 | €11,643 | -€6,206 | -34.8% |
| Tangible fixed assets | 22/27 | €17,849 | €11,643 | -€6,206 | -34.8% |
| Plant, machinery and equipment | 23 | €2,968 | €1,895 | -€1,073 | -36.2% |
| Furniture and vehicles | 24 | €14,881 | €9,748 | -€5,133 | -34.5% |
| Current assets | 29/58 | €4,597 | €22,499 | +€17,902 | +389% |
| Amounts receivable within one year | 40/41 | €1,711 | €6,440 | +€4,729 | +276% |
| Trade receivables | 40 | €507 | €5,259 | +€4,752 | +937% |
| Other amounts receivable | 41 | €1,204 | €1,181 | -€23 | -1.9% |
| Cash at bank and in hand | 54/58 | €2,886 | €16,059 | +€13,173 | +456% |
| Total equity and liabilities | 10/49 | €22,997 | €34,284 | +€11,287 | +49.1% |
| Equity | 10/15 | €4,362 | €6,736 | +€2,374 | +54.4% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Reserves | 13 | €1,962 | €4,336 | +€2,374 | +121% |
| Distributable reserves | 133 | €1,962 | €4,336 | +€2,374 | +121% |
| Amounts payable | 17/49 | €18,635 | €27,548 | +€8,913 | +47.8% |
| Amounts payable within one year | 42/48 | €18,635 | €27,548 | +€8,913 | +47.8% |
| Trade debts | 44 | €116 | €3,792 | +€3,676 | +3,169% |
| Suppliers | 440/4 | €116 | €3,792 | +€3,676 | +3,169% |
| Taxes, remuneration and social security | 45 | €88 | €1,324 | +€1,236 | +1,405% |
| Taxes | 450/3 | €88 | €1,324 | +€1,236 | +1,405% |
| Other amounts payable | 47/48 | €18,431 | €22,432 | +€4,001 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €6,615 | +€5,435 | +461% |
| Other operating charges | 640/8 | - | €173 | +€173 | |
| Gross operating margin | 9900 | €1,661 | €9,815 | +€8,154 | +491% |
| Operating profit (loss) | 9901 | €481 | €3,027 | +€2,546 | +529% |
| Financial income | 75/76B | €28 | €0 | -€28 | -100% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100% |
| Financial charges | 65/66B | €71 | €60 | -€11 | -15.5% |
| Recurring financial charges | 65 | €71 | €60 | -€11 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €438 | €2,967 | +€2,529 | +577% |
| Income taxes | 67/77 | €87 | €593 | +€506 | +582% |
| Profit (loss) for the period | 9904 | €351 | €2,374 | +€2,023 | +576% |
| Profit (loss) for the period to be appropriated | 9905 | €351 | €2,374 | +€2,023 | +576% |
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.