JW RENOV: what changed
JW RENOV
Largest movements
- Tangible fixed assets +€8,227
up €8,227 (+35.0%), from €23,482 to €31,709
of which Furniture and vehicles: +€5,162
- Receivables within one year +€6,395
up €6,395 (+103%), from €6,212 to €12,607
of which Trade receivables: +€7,587
- Cash +€4,204
up €4,204 (+94.2%), from €4,461 to €8,664
mainly Net result for the year (+€20,913) and Depreciation (+€6,185)
- Deferred charges and accrued income +€826
up €826 (+63.5%), from €1,301 to €2,128
- Profit (loss) carried forward +€20,913
up €20,913 (+144%), from €14,545 to €35,458
- Other debts -€4,112
down €4,112 (-66.4%), from €6,189 to €2,077
- Tax, wage and social debts +€3,366
up €3,366 (+37.8%), from €8,908 to €12,274
of which Remuneration and social security: +€1,800
- Gross operating margin +€5,031
up €5,031 (+15.2%), from €33,149 to €38,180
- Other operating charges -€2,452
down €2,452 (-37.7%), from €6,507 to €4,054
- Depreciation +€1,788
up €1,788 (+40.7%), from €4,396 to €6,185
- Taxes -€1,150
down €1,150 (-14.9%), from €7,716 to €6,566
- Staff costs +€758
new in 2025: €758
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 | €36,561 | €56,205 | +€19,644 | +53.7% |
| Fixed assets | 21/28 | €23,562 | €31,769 | +€8,207 | +34.8% |
| Intangible fixed assets | 21 | €80 | €60 | -€20 | -25.0% |
| Tangible fixed assets | 22/27 | €23,482 | €31,709 | +€8,227 | +35.0% |
| Plant, machinery and equipment | 23 | €2,383 | €5,448 | +€3,065 | +129% |
| Furniture and vehicles | 24 | €21,099 | €26,261 | +€5,162 | +24.5% |
| Current assets | 29/58 | €12,999 | €24,436 | +€11,437 | +88.0% |
| Stocks and contracts in progress | 3 | €1,025 | €1,037 | +€12 | +1.2% |
| Stocks | 30/36 | €1,025 | €1,037 | +€12 | +1.2% |
| Amounts receivable within one year | 40/41 | €6,212 | €12,607 | +€6,395 | +103% |
| Trade receivables | 40 | €3,159 | €10,746 | +€7,587 | +240% |
| Other amounts receivable | 41 | €3,053 | €1,861 | -€1,192 | -39.0% |
| Cash at bank and in hand | 54/58 | €4,461 | €8,664 | +€4,204 | +94.2% |
| Deferred charges and accrued income | 490/1 | €1,301 | €2,128 | +€826 | +63.5% |
| Total equity and liabilities | 10/49 | €36,561 | €56,205 | +€19,644 | +53.7% |
| Equity | 10/15 | €16,045 | €36,958 | +€20,913 | +130% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Contributions outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,545 | €35,458 | +€20,913 | +144% |
| Amounts payable | 17/49 | €20,516 | €19,247 | -€1,269 | -6.2% |
| Amounts payable within one year | 42/48 | €20,516 | €19,247 | -€1,269 | -6.2% |
| Trade debts | 44 | €5,419 | €4,895 | -€523 | -9.7% |
| Suppliers | 440/4 | €5,419 | €4,895 | -€523 | -9.7% |
| Taxes, remuneration and social security | 45 | €8,908 | €12,274 | +€3,366 | +37.8% |
| Taxes | 450/3 | €8,308 | €9,874 | +€1,566 | +18.9% |
| Remuneration and social security | 454/9 | €600 | €2,400 | +€1,800 | +300% |
| Other amounts payable | 47/48 | €6,189 | €2,077 | -€4,112 | -66.4% |
| Remuneration, social security and pensions | 62 | - | €758 | +€758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,396 | €6,185 | +€1,788 | +40.7% |
| Other operating charges | 640/8 | €6,507 | €4,054 | -€2,452 | -37.7% |
| Gross operating margin | 9900 | €33,149 | €38,180 | +€5,031 | +15.2% |
| Operating profit (loss) | 9901 | €22,246 | €27,183 | +€4,938 | +22.2% |
| Financial income | 75/76B | €54 | €419 | +€364 | +670% |
| Recurring financial income | 75 | €54 | €419 | +€364 | +670% |
| Financial charges | 65/66B | €38 | €122 | +€84 | +218% |
| Recurring financial charges | 65 | €38 | €122 | +€84 | +218% |
| Profit (loss) for the period before taxes | 9903 | €22,261 | €27,479 | +€5,218 | +23.4% |
| Income taxes | 67/77 | €7,716 | €6,566 | -€1,150 | -14.9% |
| Profit (loss) for the period | 9904 | €14,545 | €20,913 | +€6,368 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,545 | €20,913 | +€6,368 | +43.8% |
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.