Marco Renovatie: 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.
Marco Renovatie
Largest movements
- Tangible fixed assets -€10,771
down €10,771 (-31.6%), from €34,054 to €23,283
of which Leasing and similar rights: -€6,991
- Receivables within one year -€9,881
down €9,881 (-45.8%), from €21,572 to €11,692
of which Trade receivables: -€9,380
- Cash +€7,031
up €7,031 (+289%), from €2,436 to €9,468
mainly Depreciation (+€10,771) and Receivables within one year (+€9,881)
- Profit (loss) carried forward -€8,064
down €8,064, from €1,308 to -€6,756
- Debts after one year -€5,577
down €5,577 (-25.3%), from €22,063 to €16,486
- Short-term financial debts +€925
up €925 (+3.3%), from €27,788 to €28,712
of which Other loans: +€28,712
- Current portion of long-term debt -€904
no longer reported in 2025 (was €904)
- Turnover -€63,419
down €63,419 (-25.4%), from €249,681 to €186,262
- Purchases and services -€35,551
down €35,551 (-26.7%), from €133,196 to €97,645
- Gross operating margin -€27,868
down €27,868 (-23.9%), from €116,485 to €88,617
- Staff costs -€25,722
down €25,722 (-24.6%), from €104,619 to €78,898
- Other operating charges +€3,850
up €3,850 (+165%), from €2,332 to €6,182
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 | €58,063 | €44,442 | -€13,620 | -23.5% |
| Fixed assets | 21/28 | €34,054 | €23,283 | -€10,771 | -31.6% |
| Tangible fixed assets | 22/27 | €34,054 | €23,283 | -€10,771 | -31.6% |
| Plant, machinery and equipment | 23 | €619 | €619 | = | 0.0% |
| Furniture and vehicles | 24 | €5,470 | €1,691 | -€3,780 | -69.1% |
| Leasing and similar rights | 25 | €27,965 | €20,974 | -€6,991 | -25.0% |
| Current assets | 29/58 | €24,009 | €21,159 | -€2,849 | -11.9% |
| Amounts receivable within one year | 40/41 | €21,572 | €11,692 | -€9,881 | -45.8% |
| Trade receivables | 40 | €17,150 | €7,769 | -€9,380 | -54.7% |
| Other amounts receivable | 41 | €4,423 | €3,922 | -€500 | -11.3% |
| Cash at bank and in hand | 54/58 | €2,436 | €9,468 | +€7,031 | +289% |
| Total equity and liabilities | 10/49 | €58,063 | €44,442 | -€13,620 | -23.5% |
| Equity | 10/15 | €7,308 | -€756 | -€8,064 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,308 | -€6,756 | -€8,064 | |
| Amounts payable | 17/49 | €50,755 | €45,198 | -€5,557 | -10.9% |
| Amounts payable after more than one year | 17 | €22,063 | €16,486 | -€5,577 | -25.3% |
| Financial debts | 170/4 | €22,063 | €16,486 | -€5,577 | -25.3% |
| Amounts payable within one year | 42/48 | €28,692 | €28,712 | +€21 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €904 | - | -€904 | |
| Financial debts | 43 | €27,788 | €28,712 | +€925 | +3.3% |
| Credit institutions | 430/8 | €27,788 | - | -€27,788 | |
| Other loans | 439 | - | €28,712 | +€28,712 | |
| Turnover | 70 | €249,681 | €186,262 | -€63,419 | -25.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €133,196 | €97,645 | -€35,551 | -26.7% |
| Remuneration, social security and pensions | 62 | €104,619 | €78,898 | -€25,722 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,771 | €10,771 | = | 0.0% |
| Other operating charges | 640/8 | €2,332 | €6,182 | +€3,850 | +165% |
| Gross operating margin | 9900 | €116,485 | €88,617 | -€27,868 | -23.9% |
| Operating profit (loss) | 9901 | -€1,237 | -€7,233 | -€5,996 | -485% |
| Financial income | 75/76B | €28 | - | -€28 | |
| Recurring financial income | 75 | €28 | - | -€28 | |
| Financial charges | 65/66B | €2,549 | €831 | -€1,718 | -67.4% |
| Recurring financial charges | 65 | €2,549 | €831 | -€1,718 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,758 | -€8,064 | -€4,306 | -115% |
| Income taxes | 67/77 | €2,360 | - | -€2,360 | |
| Profit (loss) for the period | 9904 | -€6,118 | -€8,064 | -€1,946 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,118 | -€8,064 | -€1,946 | -31.8% |
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 26 October 2026 via checked.be.