NV RENOV: 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.
NV RENOV
Largest movements
- Receivables within one year +€25,779
up €25,779 (+57.7%), from €44,676 to €70,455
of which Trade receivables: +€18,281
- Cash -€8,927
down €8,927 (-98.9%), from €9,030 to €102
mainly Receivables within one year (-€25,779) and Net result for the year (-€13,148)
- Advances received +€36,097
new in 2025: €36,097
- Profit (loss) carried forward -€13,148
down €13,148 (-29.4%), from €44,697 to €31,548
- Trade debts -€6,184
down €6,184 (-76.2%), from €8,117 to €1,933
- Gross operating margin -€59,333
down €59,333, from €47,133 to -€12,199
- Depreciation -€2,215
no longer reported in 2025 (was €2,215)
- Other operating charges +€732
up €732 (+487,767%), from €0 to €732
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 | €53,706 | €70,557 | +€16,852 | +31.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €53,706 | €70,557 | +€16,852 | +31.4% |
| Amounts receivable within one year | 40/41 | €44,676 | €70,455 | +€25,779 | +57.7% |
| Trade receivables | 40 | €37,557 | €55,838 | +€18,281 | +48.7% |
| Other amounts receivable | 41 | €7,119 | €14,617 | +€7,498 | +105% |
| Cash at bank and in hand | 54/58 | €9,030 | €102 | -€8,927 | -98.9% |
| Total equity and liabilities | 10/49 | €53,706 | €70,557 | +€16,852 | +31.4% |
| Equity | 10/15 | €44,697 | €31,548 | -€13,148 | -29.4% |
| Contributions | 10/11 | €0 | €0 | = | |
| Contributions outside capital | 11 | €0 | €0 | = | |
| Other | 1109/19 | €0 | €0 | = | |
| Profit (loss) carried forward | 14 | €44,697 | €31,548 | -€13,148 | -29.4% |
| Amounts payable | 17/49 | €9,009 | €39,009 | +€30,000 | +333% |
| Amounts payable within one year | 42/48 | €9,009 | €39,009 | +€30,000 | +333% |
| Trade debts | 44 | €8,117 | €1,933 | -€6,184 | -76.2% |
| Suppliers | 440/4 | €8,117 | €1,933 | -€6,184 | -76.2% |
| Advances received on contracts in progress | 46 | - | €36,097 | +€36,097 | |
| Other amounts payable | 47/48 | €891 | €979 | +€87 | +9.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €141 | €100 | -€41 | -29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,215 | - | -€2,215 | |
| Other operating charges | 640/8 | €0 | €732 | +€732 | +487,767% |
| Non-recurring operating charges | 66A | €3 | - | -€3 | |
| Gross operating margin | 9900 | €47,133 | -€12,199 | -€59,333 | |
| Operating profit (loss) | 9901 | €44,774 | -€13,031 | -€57,805 | |
| Financial charges | 65/66B | €77 | €117 | +€40 | +52.5% |
| Recurring financial charges | 65 | €77 | €117 | +€40 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €44,697 | -€13,148 | -€57,845 | |
| Profit (loss) for the period | 9904 | €44,697 | -€13,148 | -€57,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,697 | -€13,148 | -€57,845 |
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.