RB 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.
RB RENOV
Largest movements
- Receivables within one year +€65,768
up €65,768 (+123%), from €53,406 to €119,174
of which Trade receivables: +€56,354
- Stocks and contracts +€19,485
new in 2025: €19,485
- Cash +€18,290
up €18,290 (+262%), from €6,972 to €25,263
mainly Trade debts (+€60,734) and Other debts (+€23,010)
- Tangible fixed assets +€7,577
up €7,577 (+98.6%), from €7,683 to €15,260
- Trade debts +€60,734
up €60,734 (+140%), from €43,463 to €104,197
- Other debts +€23,010
up €23,010 (+71.2%), from €32,328 to €55,337
- Profit (loss) carried forward +€14,217
up €14,217, from -€13,050 to €1,166
- Debts after one year +€7,253
new in 2025: €7,253
- Current portion of long-term debt +€3,431
new in 2025: €3,431
- Gross operating margin +€41,617
up €41,617, from -€4,969 to €36,648
- Depreciation +€3,598
up €3,598 (+63.9%), from €5,628 to €9,227
- Taxes +€1,258
up €1,258 (+103%), from €1,218 to €2,476
- Other operating charges -€1,035
down €1,035 (-94.2%), from €1,099 to €63
- Financial charges +€530
up €530 (+389%), from €136 to €666
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 | €69,262 | €180,381 | +€111,120 | +160% |
| Fixed assets | 21/28 | €8,883 | €16,460 | +€7,577 | +85.3% |
| Tangible fixed assets | 22/27 | €7,683 | €15,260 | +€7,577 | +98.6% |
| Furniture and vehicles | 24 | €7,683 | €15,260 | +€7,577 | +98.6% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €60,379 | €163,921 | +€103,543 | +171% |
| Stocks and contracts in progress | 3 | - | €19,485 | +€19,485 | |
| Stocks | 30/36 | - | €19,485 | +€19,485 | |
| Amounts receivable within one year | 40/41 | €53,406 | €119,174 | +€65,768 | +123% |
| Trade receivables | 40 | €50,518 | €106,871 | +€56,354 | +112% |
| Other amounts receivable | 41 | €2,888 | €12,303 | +€9,414 | +326% |
| Cash at bank and in hand | 54/58 | €6,972 | €25,263 | +€18,290 | +262% |
| Total equity and liabilities | 10/49 | €69,262 | €180,381 | +€111,120 | +160% |
| Equity | 10/15 | -€10,550 | €3,666 | +€14,217 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,050 | €1,166 | +€14,217 | |
| Amounts payable | 17/49 | €79,812 | €176,715 | +€96,903 | +121% |
| Amounts payable after more than one year | 17 | - | €7,253 | +€7,253 | |
| Financial debts | 170/4 | - | €7,253 | +€7,253 | |
| Amounts payable within one year | 42/48 | €79,812 | €169,462 | +€89,650 | +112% |
| Current portion of amounts payable after more than one year | 42 | - | €3,431 | +€3,431 | |
| Trade debts | 44 | €43,463 | €104,197 | +€60,734 | +140% |
| Suppliers | 440/4 | €43,463 | €104,197 | +€60,734 | +140% |
| Taxes, remuneration and social security | 45 | €4,021 | €6,497 | +€2,476 | +61.6% |
| Taxes | 450/3 | €1,566 | €4,042 | +€2,476 | +158% |
| Remuneration and social security | 454/9 | €2,455 | €2,455 | = | 0.0% |
| Other amounts payable | 47/48 | €32,328 | €55,337 | +€23,010 | +71.2% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,628 | €9,227 | +€3,598 | +63.9% |
| Other operating charges | 640/8 | €1,099 | €63 | -€1,035 | -94.2% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | -€4,969 | €36,648 | +€41,617 | |
| Operating profit (loss) | 9901 | -€11,696 | €17,358 | +€29,054 | |
| Financial charges | 65/66B | €136 | €666 | +€530 | +389% |
| Recurring financial charges | 65 | €136 | €666 | +€530 | +389% |
| Profit (loss) for the period before taxes | 9903 | -€11,832 | €16,692 | +€28,525 | |
| Income taxes | 67/77 | €1,218 | €2,476 | +€1,258 | +103% |
| Profit (loss) for the period | 9904 | -€13,050 | €14,217 | +€27,267 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,050 | €14,217 | +€27,267 |
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 17 October 2026 via checked.be.