JK RENOVA: what changed
JK RENOVA
Largest movements
- Tangible fixed assets -€10,671
down €10,671 (-3.5%), from €305,038 to €294,367
of which Land and buildings: -€9,955
- Profit (loss) carried forward -€9,253
down €9,253 (-10.9%), from -€84,891 to -€94,143
- Debts after one year -€6,086
down €6,086 (-5.4%), from €113,353 to €107,267
- Revaluation surpluses -€4,695
down €4,695 (-3.3%), from €143,916 to €139,221
- Reserves +€4,695
up €4,695 (+77.2%), from €6,084 to €10,779
- Financial income -€7,364
no longer reported in 2025 (was €7,364)
of which Financial income: -€7,364
- Gross operating margin +€6,800
up €6,800 (+133%), from €5,111 to €11,911
- Financial charges -€4,936
down €4,936 (-41.9%), from €11,768 to €6,832
- Other operating charges -€1,930
down €1,930 (-48.2%), from €4,008 to €2,078
- Depreciation +€191
up €191 (+1.7%), from €11,413 to €11,604
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,992 | €294,854 | -€13,138 | -4.3% |
| Fixed assets | 21/28 | €305,038 | €294,367 | -€10,671 | -3.5% |
| Tangible fixed assets | 22/27 | €305,038 | €294,367 | -€10,671 | -3.5% |
| Land and buildings | 22 | €297,930 | €287,975 | -€9,955 | -3.3% |
| Plant, machinery and equipment | 23 | €7,108 | €6,393 | -€716 | -10.1% |
| Current assets | 29/58 | €2,954 | €486 | -€2,467 | -83.5% |
| Amounts receivable within one year | 40/41 | €1,801 | - | -€1,801 | |
| Other amounts receivable | 41 | €1,801 | - | -€1,801 | |
| Cash at bank and in hand | 54/58 | €1,153 | €151 | -€1,002 | -86.9% |
| Deferred charges and accrued income | 490/1 | - | €336 | +€336 | |
| Total equity and liabilities | 10/49 | €307,992 | €294,854 | -€13,138 | -4.3% |
| Equity | 10/15 | €85,109 | €75,857 | -€9,253 | -10.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €143,916 | €139,221 | -€4,695 | -3.3% |
| Reserves | 13 | €6,084 | €10,779 | +€4,695 | +77.2% |
| Distributable reserves | 133 | €6,084 | €10,779 | +€4,695 | +77.2% |
| Profit (loss) carried forward | 14 | -€84,891 | -€94,143 | -€9,253 | -10.9% |
| Amounts payable | 17/49 | €222,882 | €218,997 | -€3,886 | -1.7% |
| Amounts payable after more than one year | 17 | €113,353 | €107,267 | -€6,086 | -5.4% |
| Financial debts | 170/4 | €113,353 | €107,267 | -€6,086 | -5.4% |
| Amounts payable within one year | 42/48 | €109,530 | €111,730 | +€2,200 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €5,749 | €6,086 | +€336 | +5.9% |
| Trade debts | 44 | €2,418 | €4,233 | +€1,815 | +75.1% |
| Suppliers | 440/4 | €2,418 | €4,233 | +€1,815 | +75.1% |
| Other amounts payable | 47/48 | €101,363 | €101,411 | +€48 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,413 | €11,604 | +€191 | +1.7% |
| Other operating charges | 640/8 | €4,008 | €2,078 | -€1,930 | -48.2% |
| Gross operating margin | 9900 | €5,111 | €11,911 | +€6,800 | +133% |
| Operating profit (loss) | 9901 | -€10,310 | -€1,771 | +€8,539 | +82.8% |
| Financial income | 75/76B | €7,364 | - | -€7,364 | |
| Recurring financial income | 75 | €7,364 | - | -€7,364 | |
| Non-recurring financial income | 76B | €7,364 | - | -€7,364 | |
| Financial charges | 65/66B | €11,768 | €6,832 | -€4,936 | -41.9% |
| Recurring financial charges | 65 | €11,768 | €6,832 | -€4,936 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,714 | -€8,603 | +€6,112 | +41.5% |
| Profit (loss) for the period | 9904 | -€14,714 | -€8,603 | +€6,112 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,714 | -€8,603 | +€6,112 | +41.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.