KJ RENOVE: what changed
KJ RENOVE
Largest movements
- Receivables within one year -€28,548
down €28,548 (-64.0%), from €44,638 to €16,090
of which Trade receivables: -€39,728
- Tangible fixed assets -€17,535
down €17,535 (-68.9%), from €25,467 to €7,931
of which Furniture and vehicles: -€10,245
- Cash -€6,927
down €6,927 (-67.9%), from €10,196 to €3,269
mainly Trade debts (-€33,922) and Other debts (-€8,990)
- Deferred charges and accrued income -€1,951
down €1,951 (-12.6%), from €15,504 to €13,553
- Trade debts -€33,922
down €33,922 (-90.3%), from €37,578 to €3,656
- Other debts -€8,990
down €8,990 (-47.1%), from €19,076 to €10,086
- Profit (loss) carried forward -€4,868
down €4,868 (-23.3%), from €20,930 to €16,062
- Tax, wage and social debts -€3,980
down €3,980 (-50.5%), from €7,877 to €3,897
of which Taxes: -€5,980
- Debts after one year -€1,943
no longer reported in 2025 (was €1,943)
- Gross operating margin +€18,976
up €18,976, from -€6,969 to €12,007
- Depreciation -€4,541
down €4,541 (-36.7%), from €12,362 to €7,820
- Financial charges -€251
down €251 (-17.3%), from €1,447 to €1,196
- Taxes +€227
no longer reported in 2025 (was -€227)
- Other operating charges +€144
up €144 (+22.4%), from €642 to €786
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 | €96,805 | €41,844 | -€54,961 | -56.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €26,467 | €8,931 | -€17,535 | -66.3% |
| Tangible fixed assets | 22/27 | €25,467 | €7,931 | -€17,535 | -68.9% |
| Plant, machinery and equipment | 23 | €9,221 | €5,458 | -€3,763 | -40.8% |
| Furniture and vehicles | 24 | €10,660 | €415 | -€10,245 | -96.1% |
| Leasing and similar rights | 25 | €5,586 | €2,058 | -€3,528 | -63.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €70,338 | €32,913 | -€37,425 | -53.2% |
| Amounts receivable within one year | 40/41 | €44,638 | €16,090 | -€28,548 | -64.0% |
| Trade receivables | 40 | €43,824 | €4,096 | -€39,728 | -90.7% |
| Other amounts receivable | 41 | €814 | €11,994 | +€11,180 | +1,374% |
| Cash at bank and in hand | 54/58 | €10,196 | €3,269 | -€6,927 | -67.9% |
| Deferred charges and accrued income | 490/1 | €15,504 | €13,553 | -€1,951 | -12.6% |
| Total equity and liabilities | 10/49 | €96,805 | €41,844 | -€54,961 | -56.8% |
| Equity | 10/15 | €27,130 | €22,262 | -€4,868 | -17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,930 | €16,062 | -€4,868 | -23.3% |
| Amounts payable | 17/49 | €69,674 | €19,582 | -€50,092 | -71.9% |
| Amounts payable after more than one year | 17 | €1,943 | - | -€1,943 | |
| Financial debts | 170/4 | €1,943 | - | -€1,943 | |
| Amounts payable within one year | 42/48 | €67,731 | €19,582 | -€48,149 | -71.1% |
| Current portion of amounts payable after more than one year | 42 | €3,201 | €1,943 | -€1,257 | -39.3% |
| Trade debts | 44 | €37,578 | €3,656 | -€33,922 | -90.3% |
| Suppliers | 440/4 | €37,578 | €3,656 | -€33,922 | -90.3% |
| Taxes, remuneration and social security | 45 | €7,877 | €3,897 | -€3,980 | -50.5% |
| Taxes | 450/3 | €7,877 | €1,897 | -€5,980 | -75.9% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €19,076 | €10,086 | -€8,990 | -47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,362 | €7,820 | -€4,541 | -36.7% |
| Other operating charges | 640/8 | €642 | €786 | +€144 | +22.4% |
| Non-recurring operating charges | 66A | - | €7,236 | +€7,236 | |
| Gross operating margin | 9900 | -€6,969 | €12,007 | +€18,976 | |
| Operating profit (loss) | 9901 | -€19,973 | -€3,835 | +€16,138 | +80.8% |
| Financial income | 75/76B | €207 | €163 | -€44 | -21.1% |
| Recurring financial income | 75 | €207 | €163 | -€44 | -21.1% |
| Financial charges | 65/66B | €1,447 | €1,196 | -€251 | -17.3% |
| Recurring financial charges | 65 | €1,447 | €1,196 | -€251 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,214 | -€4,868 | +€16,345 | +77.1% |
| Income taxes | 67/77 | -€227 | - | +€227 | |
| Profit (loss) for the period | 9904 | -€20,987 | -€4,868 | +€16,119 | +76.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,987 | -€4,868 | +€16,119 | +76.8% |
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 6 November 2026 via checked.be.