LC RENOVE: 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.
LC RENOVE
Largest movements
- Receivables within one year +€15,127
up €15,127 (+95.0%), from €15,928 to €31,055
of which Trade receivables: +€11,596
- Cash -€8,926
down €8,926 (-79.1%), from €11,282 to €2,356
mainly Receivables within one year (-€15,127) and Deferred charges and accrued income (-€523)
- Deferred charges and accrued income +€523
up €523 (+12.6%), from €4,144 to €4,667
- Trade debts +€4,212
up €4,212 (+405%), from €1,039 to €5,251
- Reserves +€2,125
up €2,125 (+10.4%), from €20,372 to €22,496
- Gross operating margin -€6,750
down €6,750 (-9.0%), from €75,393 to €68,643
- Staff costs +€4,152
up €4,152 (+7.1%), from €58,129 to €62,281
- Taxes -€2,640
down €2,640 (-59.6%), from €4,427 to €1,787
- Financial charges +€1,170
up €1,170 (+286%), from €410 to €1,580
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 | €32,599 | €38,935 | +€6,337 | +19.4% |
| Fixed assets | 21/28 | €1,245 | €857 | -€388 | -31.2% |
| Tangible fixed assets | 22/27 | €996 | €609 | -€388 | -38.9% |
| Plant, machinery and equipment | 23 | €996 | €609 | -€388 | -38.9% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €31,354 | €38,079 | +€6,724 | +21.4% |
| Amounts receivable within one year | 40/41 | €15,928 | €31,055 | +€15,127 | +95.0% |
| Trade receivables | 40 | €2,250 | €13,846 | +€11,596 | +515% |
| Other amounts receivable | 41 | €13,678 | €17,209 | +€3,531 | +25.8% |
| Cash at bank and in hand | 54/58 | €11,282 | €2,356 | -€8,926 | -79.1% |
| Deferred charges and accrued income | 490/1 | €4,144 | €4,667 | +€523 | +12.6% |
| Total equity and liabilities | 10/49 | €32,599 | €38,935 | +€6,337 | +19.4% |
| Equity | 10/15 | €27,029 | €29,153 | +€2,125 | +7.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €20,372 | €22,496 | +€2,125 | +10.4% |
| Distributable reserves | 133 | €20,372 | €22,496 | +€2,125 | +10.4% |
| Profit (loss) carried forward | 14 | €4,657 | €4,657 | = | 0.0% |
| Amounts payable | 17/49 | €5,570 | €9,782 | +€4,212 | +75.6% |
| Amounts payable within one year | 42/48 | €5,570 | €9,782 | +€4,212 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €1,039 | €5,251 | +€4,212 | +405% |
| Suppliers | 440/4 | €1,039 | €5,251 | +€4,212 | +405% |
| Taxes, remuneration and social security | 45 | €1,531 | €1,531 | = | 0.0% |
| Taxes | 450/3 | €1,427 | €1,427 | = | 0.0% |
| Remuneration and social security | 454/9 | €104 | €104 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,129 | €62,281 | +€4,152 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €388 | -€720 | -65.0% |
| Other operating charges | 640/8 | €450 | €590 | +€140 | +31.0% |
| Gross operating margin | 9900 | €75,393 | €68,643 | -€6,750 | -9.0% |
| Operating profit (loss) | 9901 | €15,706 | €5,384 | -€10,322 | -65.7% |
| Financial income | 75/76B | €225 | €108 | -€117 | -52.0% |
| Recurring financial income | 75 | €225 | €108 | -€117 | -52.0% |
| Financial charges | 65/66B | €410 | €1,580 | +€1,170 | +286% |
| Recurring financial charges | 65 | €410 | €1,580 | +€1,170 | +286% |
| Profit (loss) for the period before taxes | 9903 | €15,521 | €3,912 | -€11,609 | -74.8% |
| Income taxes | 67/77 | €4,427 | €1,787 | -€2,640 | -59.6% |
| Profit (loss) for the period | 9904 | €11,094 | €2,125 | -€8,969 | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,094 | €2,125 | -€8,969 | -80.8% |
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 25 October 2026 via checked.be.