LH RENOVAR: 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.
LH RENOVAR
Largest movements
- Receivables within one year +€165,404
new in 2025: €165,404
of which Trade receivables: +€153,713
- Cash +€2,519
up €2,519 (+16.5%), from €15,310 to €17,829
mainly Trade debts (+€131,165) and Tax, wage and social debts (+€31,641)
- Trade debts +€131,165
new in 2025: €131,165
- Tax, wage and social debts +€31,641
up €31,641 (+206%), from €15,334 to €46,974
of which Remuneration and social security: +€40,817
- Profit (loss) carried forward +€5,117
up €5,117 (+465%), from €1,101 to €6,217
- Turnover +€153,545
new in 2025: €153,545
- Purchases and services +€127,388
new in 2025: €127,388
- Financial income -€103,516
no longer reported in 2025 (was €103,516)
- Gross operating margin +€74,804
up €74,804, from -€48,648 to €26,157
- Financial charges -€53,698
no longer reported in 2025 (was €53,698)
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 | €16,434 | €184,357 | +€167,923 | +1,022% |
| Formation expenses | 20 | €1,124 | €1,124 | = | 0.0% |
| Current assets | 29/58 | €15,310 | €183,233 | +€167,923 | +1,097% |
| Amounts receivable within one year | 40/41 | - | €165,404 | +€165,404 | |
| Trade receivables | 40 | - | €153,713 | +€153,713 | |
| Other amounts receivable | 41 | - | €11,691 | +€11,691 | |
| Cash at bank and in hand | 54/58 | €15,310 | €17,829 | +€2,519 | +16.5% |
| Total equity and liabilities | 10/49 | €16,434 | €184,357 | +€167,923 | +1,022% |
| Equity | 10/15 | €1,101 | €6,217 | +€5,117 | +465% |
| Profit (loss) carried forward | 14 | €1,101 | €6,217 | +€5,117 | +465% |
| Amounts payable | 17/49 | €15,334 | €178,140 | +€162,806 | +1,062% |
| Amounts payable within one year | 42/48 | €15,334 | €178,140 | +€162,806 | +1,062% |
| Trade debts | 44 | - | €131,165 | +€131,165 | |
| Suppliers | 440/4 | - | €131,165 | +€131,165 | |
| Taxes, remuneration and social security | 45 | €15,334 | €46,974 | +€31,641 | +206% |
| Taxes | 450/3 | €9,176 | - | -€9,176 | |
| Remuneration and social security | 454/9 | €6,158 | €46,974 | +€40,817 | +663% |
| Turnover | 70 | - | €153,545 | +€153,545 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €127,388 | +€127,388 | |
| Remuneration, social security and pensions | 62 | €69 | €41,280 | +€41,211 | +59,813% |
| Other operating charges | 640/8 | - | €631 | +€631 | |
| Gross operating margin | 9900 | -€48,648 | €26,157 | +€74,804 | |
| Operating profit (loss) | 9901 | -€48,717 | -€15,754 | +€32,963 | +67.7% |
| Financial income | 75/76B | €103,516 | - | -€103,516 | |
| Recurring financial income | 75 | €103,516 | - | -€103,516 | |
| Financial charges | 65/66B | €53,698 | - | -€53,698 | |
| Recurring financial charges | 65 | €53,698 | - | -€53,698 | |
| Profit (loss) for the period before taxes | 9903 | €1,101 | -€15,754 | -€16,855 | |
| Profit (loss) for the period | 9904 | €1,101 | -€15,754 | -€16,855 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,101 | -€15,754 | -€16,855 |
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.