Jozef Renov: what changed
Jozef Renov
Largest movements
- Receivables within one year +€24,717
up €24,717 (+70.8%), from €34,909 to €59,626
of which Trade receivables: +€27,500
- Cash -€1,526
down €1,526 (-24.1%), from €6,332 to €4,806
mainly Receivables within one year (-€24,717) and Current portion of long-term debt (-€11,473)
- Profit (loss) carried forward +€34,697
up €34,697 (+481%), from €7,207 to €41,904
- Current portion of long-term debt -€11,473
down €11,473 (-56.6%), from €20,280 to €8,807
- Other debts +€4,988
up €4,988 (+3,806%), from €131 to €5,119
- Tax, wage and social debts -€4,363
no longer reported in 2025 (was €4,363)
- Trade debts -€659
down €659 (-8.0%), from €8,260 to €7,602
- Taxes -€27,646
down €27,646, from €12,646 to -€15,000
- Gross operating margin +€21,725
up €21,725 (+623%), from €3,490 to €25,215
- Depreciation -€6,821
no longer reported in 2025 (was €6,821)
- Financial charges -€1,269
down €1,269 (-38.5%), from €3,293 to €2,025
- Other operating charges +€1,128
up €1,128 (+47.7%), from €2,365 to €3,493
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 | €41,241 | €64,432 | +€23,191 | +56.2% |
| Current assets | 29/58 | €41,241 | €64,432 | +€23,191 | +56.2% |
| Amounts receivable within one year | 40/41 | €34,909 | €59,626 | +€24,717 | +70.8% |
| Trade receivables | 40 | €29,619 | €57,119 | +€27,500 | +92.8% |
| Other amounts receivable | 41 | €5,290 | €2,507 | -€2,783 | -52.6% |
| Cash at bank and in hand | 54/58 | €6,332 | €4,806 | -€1,526 | -24.1% |
| Total equity and liabilities | 10/49 | €41,241 | €64,432 | +€23,191 | +56.2% |
| Equity | 10/15 | €8,207 | €42,904 | +€34,697 | +423% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,207 | €41,904 | +€34,697 | +481% |
| Amounts payable | 17/49 | €33,034 | €21,528 | -€11,506 | -34.8% |
| Amounts payable within one year | 42/48 | €33,034 | €21,528 | -€11,506 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €20,280 | €8,807 | -€11,473 | -56.6% |
| Trade debts | 44 | €8,260 | €7,602 | -€659 | -8.0% |
| Suppliers | 440/4 | €8,260 | €7,602 | -€659 | -8.0% |
| Taxes, remuneration and social security | 45 | €4,363 | - | -€4,363 | |
| Taxes | 450/3 | €4,363 | - | -€4,363 | |
| Other amounts payable | 47/48 | €131 | €5,119 | +€4,988 | +3,806% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,821 | - | -€6,821 | |
| Other operating charges | 640/8 | €2,365 | €3,493 | +€1,128 | +47.7% |
| Non-recurring operating charges | 66A | €24,000 | - | -€24,000 | |
| Gross operating margin | 9900 | €3,490 | €25,215 | +€21,725 | +623% |
| Operating profit (loss) | 9901 | -€29,696 | €21,722 | +€51,418 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -87.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -87.5% |
| Financial charges | 65/66B | €3,293 | €2,025 | -€1,269 | -38.5% |
| Recurring financial charges | 65 | €3,293 | €2,025 | -€1,269 | -38.5% |
| Profit (loss) for the period before taxes | 9903 | -€32,989 | €19,697 | +€52,686 | |
| Income taxes | 67/77 | €12,646 | -€15,000 | -€27,646 | |
| Profit (loss) for the period | 9904 | -€45,635 | €34,697 | +€80,332 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,635 | €34,697 | +€80,332 |
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 6 November 2026 via checked.be.