M.C. RENOV: what changed
M.C. RENOV
Largest movements
- Receivables within one year -€9,544
down €9,544 (-77.4%), from €12,333 to €2,789
of which Trade receivables: -€10,761
- Cash +€956
up €956 (+74.9%), from €1,277 to €2,232
mainly Receivables within one year (+€9,544) and Trade debts (+€8,816)
- Tangible fixed assets -€922
down €922 (-36.9%), from €2,501 to €1,579
of which Plant, machinery and equipment: -€669
- Deferred charges and accrued income -€200
no longer reported in 2025 (was €200)
- Other debts -€9,000
no longer reported in 2025 (was €9,000)
- Profit (loss) carried forward -€8,904
down €8,904 (-137%), from -€6,506 to -€15,410
- Trade debts +€8,816
new in 2025: €8,816
- Tax, wage and social debts -€622
down €622 (-8.6%), from €7,257 to €6,634
- Depreciation -€6,744
down €6,744 (-88.0%), from €7,666 to €922
- Gross operating margin -€5,326
down €5,326, from €2,761 to -€2,566
- Other operating charges -€2,175
down €2,175 (-47.2%), from €4,610 to €2,434
- Financial charges +€1,109
up €1,109 (+86.0%), from €1,290 to €2,399
- Taxes +€586
new in 2025: €586
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 | €16,311 | €6,600 | -€9,710 | -59.5% |
| Fixed assets | 21/28 | €2,501 | €1,579 | -€922 | -36.9% |
| Tangible fixed assets | 22/27 | €2,501 | €1,579 | -€922 | -36.9% |
| Plant, machinery and equipment | 23 | €2,122 | €1,453 | -€669 | -31.5% |
| Furniture and vehicles | 24 | €379 | €126 | -€253 | -66.8% |
| Current assets | 29/58 | €13,810 | €5,021 | -€8,788 | -63.6% |
| Amounts receivable within one year | 40/41 | €12,333 | €2,789 | -€9,544 | -77.4% |
| Trade receivables | 40 | €12,245 | €1,485 | -€10,761 | -87.9% |
| Other amounts receivable | 41 | €88 | €1,305 | +€1,216 | +1,378% |
| Cash at bank and in hand | 54/58 | €1,277 | €2,232 | +€956 | +74.9% |
| Deferred charges and accrued income | 490/1 | €200 | - | -€200 | |
| Total equity and liabilities | 10/49 | €16,311 | €6,600 | -€9,710 | -59.5% |
| Equity | 10/15 | €54 | -€8,850 | -€8,904 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €360 | €360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €360 | €360 | = | 0.0% |
| Legal reserve | 130 | €360 | €360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,506 | -€15,410 | -€8,904 | -137% |
| Amounts payable | 17/49 | €16,257 | €15,450 | -€806 | -5.0% |
| Amounts payable within one year | 42/48 | €16,257 | €15,450 | -€806 | -5.0% |
| Trade debts | 44 | - | €8,816 | +€8,816 | |
| Suppliers | 440/4 | - | €8,816 | +€8,816 | |
| Taxes, remuneration and social security | 45 | €7,257 | €6,634 | -€622 | -8.6% |
| Taxes | 450/3 | €7,257 | €6,634 | -€622 | -8.6% |
| Other amounts payable | 47/48 | €9,000 | - | -€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,666 | €922 | -€6,744 | -88.0% |
| Other operating charges | 640/8 | €4,610 | €2,434 | -€2,175 | -47.2% |
| Gross operating margin | 9900 | €2,761 | -€2,566 | -€5,326 | |
| Operating profit (loss) | 9901 | -€9,515 | -€5,922 | +€3,594 | +37.8% |
| Financial income | 75/76B | €27 | €2 | -€25 | -93.5% |
| Recurring financial income | 75 | €27 | €2 | -€25 | -93.5% |
| Financial charges | 65/66B | €1,290 | €2,399 | +€1,109 | +86.0% |
| Recurring financial charges | 65 | €1,290 | €2,399 | +€1,109 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,778 | -€8,318 | +€2,460 | +22.8% |
| Income taxes | 67/77 | - | €586 | +€586 | |
| Profit (loss) for the period | 9904 | -€10,778 | -€8,904 | +€1,874 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,778 | -€8,904 | +€1,874 | +17.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.