LS-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.
LS-RENOVE
Largest movements
- Tangible fixed assets -€15,885
down €15,885 (-24.5%), from €64,712 to €48,827
of which Furniture and vehicles: -€15,000
- Cash -€9,254
down €9,254 (-65.8%), from €14,054 to €4,800
mainly Trade debts (-€49,938) and Tax, wage and social debts (-€24,874)
- Receivables within one year +€1,491
up €1,491 (+4.5%), from €33,379 to €34,870
of which Trade receivables: +€7,082
- Trade debts -€49,938
down €49,938 (-86.8%), from €57,557 to €7,619
- Debts after one year +€38,094
new in 2025: €38,094
- Tax, wage and social debts -€24,874
down €24,874 (-73.9%), from €33,668 to €8,795
of which Taxes: -€20,074
- Other debts +€13,529
new in 2025: €13,529
- Gross operating margin +€30,056
up €30,056 (+401%), from €7,502 to €37,558
- Depreciation +€8,877
up €8,877 (+127%), from €7,008 to €15,885
- Taxes +€3,802
up €3,802 (+6,462%), from €59 to €3,861
- Financial charges +€903
up €903 (+129%), from €699 to €1,602
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 | €112,180 | €88,497 | -€23,683 | -21.1% |
| Fixed assets | 21/28 | €64,712 | €48,827 | -€15,885 | -24.5% |
| Tangible fixed assets | 22/27 | €64,712 | €48,827 | -€15,885 | -24.5% |
| Furniture and vehicles | 24 | €56,861 | €41,861 | -€15,000 | -26.4% |
| Other tangible fixed assets | 26 | €7,851 | €6,966 | -€885 | -11.3% |
| Current assets | 29/58 | €47,468 | €39,670 | -€7,799 | -16.4% |
| Amounts receivable within one year | 40/41 | €33,379 | €34,870 | +€1,491 | +4.5% |
| Trade receivables | 40 | €17,360 | €24,442 | +€7,082 | +40.8% |
| Other amounts receivable | 41 | €16,018 | €10,428 | -€5,591 | -34.9% |
| Cash at bank and in hand | 54/58 | €14,054 | €4,800 | -€9,254 | -65.8% |
| Deferred charges and accrued income | 490/1 | €36 | - | -€36 | |
| Total equity and liabilities | 10/49 | €112,180 | €88,497 | -€23,683 | -21.1% |
| Equity | 10/15 | €20,121 | €20,460 | +€339 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€339 | - | +€339 | |
| Amounts payable | 17/49 | €92,059 | €68,037 | -€24,022 | -26.1% |
| Amounts payable after more than one year | 17 | - | €38,094 | +€38,094 | |
| Financial debts | 170/4 | - | €38,094 | +€38,094 | |
| Amounts payable within one year | 42/48 | €92,059 | €29,943 | -€62,116 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €833 | - | -€833 | |
| Trade debts | 44 | €57,557 | €7,619 | -€49,938 | -86.8% |
| Suppliers | 440/4 | €57,557 | €7,619 | -€49,938 | -86.8% |
| Taxes, remuneration and social security | 45 | €33,668 | €8,795 | -€24,874 | -73.9% |
| Taxes | 450/3 | €26,268 | €6,195 | -€20,074 | -76.4% |
| Remuneration and social security | 454/9 | €7,400 | €2,600 | -€4,800 | -64.9% |
| Other amounts payable | 47/48 | - | €13,529 | +€13,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,008 | €15,885 | +€8,877 | +127% |
| Other operating charges | 640/8 | €76 | €70 | -€6 | -7.9% |
| Gross operating margin | 9900 | €7,502 | €37,558 | +€30,056 | +401% |
| Operating profit (loss) | 9901 | €419 | €21,604 | +€21,185 | +5,062% |
| Financial income | 75/76B | €0 | €115 | +€114 | +572,450% |
| Recurring financial income | 75 | €0 | €115 | +€114 | +572,450% |
| Financial charges | 65/66B | €699 | €1,602 | +€903 | +129% |
| Recurring financial charges | 65 | €699 | €1,602 | +€903 | +129% |
| Profit (loss) for the period before taxes | 9903 | -€280 | €20,116 | +€20,396 | |
| Income taxes | 67/77 | €59 | €3,861 | +€3,802 | +6,462% |
| Profit (loss) for the period | 9904 | -€339 | €16,255 | +€16,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€339 | €16,255 | +€16,594 |
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 24 October 2026 via checked.be.