KF RENOV: 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.
KF RENOV
Largest movements
- Receivables within one year +€17,946
up €17,946 (+302%), from €5,951 to €23,897
of which Trade receivables: +€17,968
- Cash -€15,323
down €15,323 (-79.8%), from €19,193 to €3,870
mainly Receivables within one year (-€17,946) and Debts after one year (-€4,178)
- Tangible fixed assets -€3,304
down €3,304 (-21.0%), from €15,713 to €12,409
- Debts after one year -€4,178
down €4,178 (-31.5%), from €13,260 to €9,082
- Tax, wage and social debts +€1,810
up €1,810 (+12,567%), from €14 to €1,824
of which Remuneration and social security: +€1,500
- Profit (loss) carried forward +€1,261
up €1,261 (+5.3%), from €23,893 to €25,154
- Current portion of long-term debt +€650
up €650 (+18.4%), from €3,528 to €4,178
- Purchases and services +€39,069
up €39,069 (+83.5%), from €46,761 to €85,830
- Turnover +€24,621
up €24,621 (+33.8%), from €72,746 to €97,367
- Gross operating margin -€14,447
down €14,447 (-55.6%), from €25,984 to €11,537
- Staff costs +€4,695
new in 2025: €4,695
- Depreciation +€2,496
up €2,496 (+309%), from €808 to €3,304
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 | €40,857 | €40,285 | -€572 | -1.4% |
| Fixed assets | 21/28 | €15,713 | €12,519 | -€3,194 | -20.3% |
| Tangible fixed assets | 22/27 | €15,713 | €12,409 | -€3,304 | -21.0% |
| Furniture and vehicles | 24 | €15,713 | €12,409 | -€3,304 | -21.0% |
| Financial fixed assets | 28 | - | €110 | +€110 | |
| Current assets | 29/58 | €25,144 | €27,766 | +€2,622 | +10.4% |
| Amounts receivable within one year | 40/41 | €5,951 | €23,897 | +€17,946 | +302% |
| Trade receivables | 40 | €2,120 | €20,088 | +€17,968 | +848% |
| Other amounts receivable | 41 | €3,831 | €3,809 | -€22 | -0.6% |
| Cash at bank and in hand | 54/58 | €19,193 | €3,870 | -€15,323 | -79.8% |
| Total equity and liabilities | 10/49 | €40,857 | €40,285 | -€572 | -1.4% |
| Equity | 10/15 | €23,893 | €25,154 | +€1,261 | +5.3% |
| Profit (loss) carried forward | 14 | €23,893 | €25,154 | +€1,261 | +5.3% |
| Amounts payable | 17/49 | €16,964 | €15,131 | -€1,833 | -10.8% |
| Amounts payable after more than one year | 17 | €13,260 | €9,082 | -€4,178 | -31.5% |
| Financial debts | 170/4 | €13,260 | €9,082 | -€4,178 | -31.5% |
| Amounts payable within one year | 42/48 | €3,704 | €6,049 | +€2,345 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €3,528 | €4,178 | +€650 | +18.4% |
| Trade debts | 44 | €162 | €47 | -€115 | -71.0% |
| Suppliers | 440/4 | €162 | €47 | -€115 | -71.0% |
| Taxes, remuneration and social security | 45 | €14 | €1,824 | +€1,810 | +12,567% |
| Taxes | 450/3 | €14 | €324 | +€310 | +2,150% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Turnover | 70 | €72,746 | €97,367 | +€24,621 | +33.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,761 | €85,830 | +€39,069 | +83.5% |
| Remuneration, social security and pensions | 62 | - | €4,695 | +€4,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €808 | €3,304 | +€2,496 | +309% |
| Other operating charges | 640/8 | €149 | €497 | +€348 | +234% |
| Gross operating margin | 9900 | €25,984 | €11,537 | -€14,447 | -55.6% |
| Operating profit (loss) | 9901 | €25,028 | €3,041 | -€21,987 | -87.8% |
| Financial income | 75/76B | €57 | €46 | -€11 | -19.4% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Non-recurring financial income | 76B | €57 | €46 | -€11 | -19.4% |
| Financial charges | 65/66B | €1,192 | €1,826 | +€633 | +53.1% |
| Recurring financial charges | 65 | €1,192 | €1,826 | +€633 | +53.1% |
| Non-recurring financial charges | 66B | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €23,893 | €1,261 | -€22,631 | -94.7% |
| Profit (loss) for the period | 9904 | €23,893 | €1,261 | -€22,631 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,893 | €1,261 | -€22,631 | -94.7% |
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.