RENAUD RENOV: what changed
RENAUD RENOV
Largest movements
- Receivables within one year +€12,448
up €12,448 (+42.0%), from €29,611 to €42,059
of which Other amounts receivable: +€6,818
- Tangible fixed assets +€3,407
up €3,407 (+11.1%), from €30,790 to €34,197
of which Furniture and vehicles: +€3,895
- Cash -€3,253
down €3,253 (-37.1%), from €8,762 to €5,509
mainly Investment in fixed assets (net) (-€14,173) and Receivables within one year (-€12,448)
- Tax, wage and social debts +€5,554
new in 2025: €5,554
of which Remuneration and social security: +€5,478
- Debts after one year +€4,793
up €4,793 (+45.1%), from €10,621 to €15,413
- Profit (loss) carried forward +€3,437
up €3,437 (+17.9%), from €19,170 to €22,607
- Current portion of long-term debt -€1,525
down €1,525 (-30.5%), from €4,992 to €3,467
- Trade debts +€1,124
up €1,124 (+109%), from €1,033 to €2,156
- Staff costs +€16,486
new in 2025: €16,486
- Purchases and services +€9,384
up €9,384 (+12.0%), from €78,317 to €87,701
- Gross operating margin +€2,423
up €2,423 (+7.4%), from €32,575 to €34,997
- Taxes -€966
down €966 (-46.1%), from €2,092 to €1,127
- Depreciation +€876
up €876 (+8.9%), from €9,890 to €10,766
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 | €69,815 | €83,197 | +€13,382 | +19.2% |
| Fixed assets | 21/28 | €30,790 | €34,197 | +€3,407 | +11.1% |
| Tangible fixed assets | 22/27 | €30,790 | €34,197 | +€3,407 | +11.1% |
| Land and buildings | 22 | €3,940 | €3,509 | -€430 | -10.9% |
| Plant, machinery and equipment | 23 | €8,954 | €8,897 | -€57 | -0.6% |
| Furniture and vehicles | 24 | €17,896 | €21,791 | +€3,895 | +21.8% |
| Current assets | 29/58 | €39,025 | €49,000 | +€9,975 | +25.6% |
| Stocks and contracts in progress | 3 | €652 | €1,321 | +€669 | +103% |
| Stocks | 30/36 | €652 | €1,321 | +€669 | +103% |
| Amounts receivable within one year | 40/41 | €29,611 | €42,059 | +€12,448 | +42.0% |
| Trade receivables | 40 | €11,383 | €17,013 | +€5,630 | +49.5% |
| Other amounts receivable | 41 | €18,228 | €25,046 | +€6,818 | +37.4% |
| Cash at bank and in hand | 54/58 | €8,762 | €5,509 | -€3,253 | -37.1% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €69,815 | €83,197 | +€13,382 | +19.2% |
| Equity | 10/15 | €53,170 | €56,607 | +€3,437 | +6.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,170 | €22,607 | +€3,437 | +17.9% |
| Amounts payable | 17/49 | €16,645 | €26,590 | +€9,945 | +59.7% |
| Amounts payable after more than one year | 17 | €10,621 | €15,413 | +€4,793 | +45.1% |
| Financial debts | 170/4 | €10,621 | €15,413 | +€4,793 | +45.1% |
| Amounts payable within one year | 42/48 | €6,024 | €11,177 | +€5,153 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €4,992 | €3,467 | -€1,525 | -30.5% |
| Trade debts | 44 | €1,033 | €2,156 | +€1,124 | +109% |
| Suppliers | 440/4 | €1,033 | €2,156 | +€1,124 | +109% |
| Taxes, remuneration and social security | 45 | - | €5,554 | +€5,554 | |
| Taxes | 450/3 | - | €75 | +€75 | |
| Remuneration and social security | 454/9 | - | €5,478 | +€5,478 | |
| Goods, raw materials, services and sundry goods | 60/61 | €78,317 | €87,701 | +€9,384 | +12.0% |
| Remuneration, social security and pensions | 62 | - | €16,486 | +€16,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,890 | €10,766 | +€876 | +8.9% |
| Other operating charges | 640/8 | €1,152 | €1,847 | +€696 | +60.4% |
| Gross operating margin | 9900 | €32,575 | €34,997 | +€2,423 | +7.4% |
| Operating profit (loss) | 9901 | €21,533 | €5,899 | -€15,635 | -72.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €797 | €1,335 | +€538 | +67.5% |
| Recurring financial charges | 65 | €797 | €1,335 | +€538 | +67.5% |
| Profit (loss) for the period before taxes | 9903 | €20,737 | €4,564 | -€16,173 | -78.0% |
| Income taxes | 67/77 | €2,092 | €1,127 | -€966 | -46.1% |
| Profit (loss) for the period | 9904 | €18,644 | €3,437 | -€15,207 | -81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,644 | €3,437 | -€15,207 | -81.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.