L’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.
L’RENOV
Largest movements
- Receivables within one year +€7,951
up €7,951 (+53.3%), from €14,908 to €22,859
of which Trade receivables: +€7,414
- Cash +€2,222
up €2,222 (+9,324%), from €24 to €2,246
mainly Other debts (+€12,048) and Net result for the year (+€3,947)
- Tangible fixed assets -€640
down €640 (-26.0%), from €2,459 to €1,819
- Other debts +€12,048
up €12,048 (+70.1%), from €17,181 to €29,229
- Trade debts -€6,574
no longer reported in 2025 (was €6,574)
- Profit (loss) carried forward +€3,947
up €3,947 (+83.2%), from -€4,744 to -€798
- Gross operating margin +€6,168
up €6,168, from -€1,581 to €4,586
- Financial income +€646
new in 2025: €646
- Other operating charges -€210
down €210 (-34.6%), from €607 to €397
- Taxes +€103
up €103 (+138%), from €74 to €177
- Depreciation -€101
down €101 (-13.6%), from €741 to €640
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 | €22,085 | €31,618 | +€9,533 | +43.2% |
| Fixed assets | 21/28 | €2,459 | €1,819 | -€640 | -26.0% |
| Tangible fixed assets | 22/27 | €2,459 | €1,819 | -€640 | -26.0% |
| Furniture and vehicles | 24 | €2,459 | €1,819 | -€640 | -26.0% |
| Current assets | 29/58 | €19,626 | €29,798 | +€10,173 | +51.8% |
| Stocks and contracts in progress | 3 | €4,392 | €4,392 | = | 0.0% |
| Stocks | 30/36 | €4,392 | €4,392 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,908 | €22,859 | +€7,951 | +53.3% |
| Trade receivables | 40 | €10,379 | €17,792 | +€7,414 | +71.4% |
| Other amounts receivable | 41 | €4,530 | €5,067 | +€537 | +11.9% |
| Cash at bank and in hand | 54/58 | €24 | €2,246 | +€2,222 | +9,324% |
| Deferred charges and accrued income | 490/1 | €302 | €302 | = | 0.0% |
| Total equity and liabilities | 10/49 | €22,085 | €31,618 | +€9,533 | +43.2% |
| Equity | 10/15 | -€1,744 | €2,202 | +€3,947 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,744 | -€798 | +€3,947 | +83.2% |
| Amounts payable | 17/49 | €23,829 | €29,415 | +€5,586 | +23.4% |
| Amounts payable within one year | 42/48 | €23,829 | €29,415 | +€5,586 | +23.4% |
| Trade debts | 44 | €6,574 | - | -€6,574 | |
| Suppliers | 440/4 | €6,574 | - | -€6,574 | |
| Taxes, remuneration and social security | 45 | €74 | €186 | +€112 | +151% |
| Taxes | 450/3 | €74 | €186 | +€112 | +151% |
| Other amounts payable | 47/48 | €17,181 | €29,229 | +€12,048 | +70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €640 | -€101 | -13.6% |
| Other operating charges | 640/8 | €607 | €397 | -€210 | -34.6% |
| Gross operating margin | 9900 | -€1,581 | €4,586 | +€6,168 | |
| Operating profit (loss) | 9901 | -€2,929 | €3,549 | +€6,479 | |
| Financial income | 75/76B | - | €646 | +€646 | |
| Recurring financial income | 75 | - | €646 | +€646 | |
| Financial charges | 65/66B | €106 | €72 | -€33 | -31.4% |
| Recurring financial charges | 65 | €106 | €72 | -€33 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,035 | €4,123 | +€7,158 | |
| Income taxes | 67/77 | €74 | €177 | +€103 | +138% |
| Profit (loss) for the period | 9904 | -€3,109 | €3,947 | +€7,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,109 | €3,947 | +€7,056 |
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.