RENEWBUILD: what changed
Two fiscal 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.
RENEWBUILD
Largest movements
- Receivables within one year +€64,849
up €64,849 (+112.4%), from €57,671 to €122,520
of which Trade receivables: +€54,362
- Cash -€24,398
down €24,398 (-91.3%), from €26,709 to €2,311
mainly Receivables within one year (-€64,849) and Trade debts (-€19,506)
- Reserves +€55,723
up €55,723 (+212.5%), from €26,225 to €81,948
- Tax, wage and social debts +€19,981
up €19,981 (+265.2%), from €7,534 to €27,516
of which Taxes: +€17,196
- Trade debts -€19,506
down €19,506 (-48.1%), from €40,525 to €21,020
- Other debts -€15,193
down €15,193 (-96.3%), from €15,782 to €589
- Turnover -€502,904
no longer reported in 2025 (was €502,904)
- Purchases and services -€457,268
no longer reported in 2025 (was €457,268)
- Gross operating margin +€77,175
up €77,175 (+169.1%), from €45,636 to €122,811
- Staff costs +€42,047
up €42,047 (+922.1%), from €4,560 to €46,607
- Taxes +€8,241
up €8,241 (+109.4%), from €7,534 to €15,775
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.
Cash bridge derived
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 | €90,566 | €131,572 | +€41,006 | +45.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,186 | €6,186 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,186 | €6,186 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,472 | €1,472 | = | 0.0% |
| Furniture and vehicles | 24 | €4,714 | €4,714 | = | 0.0% |
| Current assets | 29/58 | €84,380 | €125,386 | +€41,006 | +48.6% |
| Amounts receivable within one year | 40/41 | €57,671 | €122,520 | +€64,849 | +112.4% |
| Trade receivables | 40 | €50,611 | €104,973 | +€54,362 | +107.4% |
| Other amounts receivable | 41 | €7,060 | €17,547 | +€10,487 | +148.5% |
| Cash at bank and in hand | 54/58 | €26,709 | €2,311 | -€24,398 | -91.3% |
| Deferred charges and accrued income | 490/1 | - | €554 | +€554 | |
| Total equity and liabilities | 10/49 | €90,566 | €131,572 | +€41,006 | +45.3% |
| Equity | 10/15 | €26,725 | €82,448 | +€55,723 | +208.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €26,225 | €81,948 | +€55,723 | +212.5% |
| Distributable reserves | 133 | €26,225 | €81,948 | +€55,723 | +212.5% |
| Amounts payable | 17/49 | €63,841 | €49,124 | -€14,717 | -23.1% |
| Amounts payable within one year | 42/48 | €63,841 | €49,124 | -€14,717 | -23.1% |
| Trade debts | 44 | €40,525 | €21,020 | -€19,506 | -48.1% |
| Suppliers | 440/4 | €40,525 | €21,020 | -€19,506 | -48.1% |
| Taxes, remuneration and social security | 45 | €7,534 | €27,516 | +€19,981 | +265.2% |
| Taxes | 450/3 | €7,534 | €24,730 | +€17,196 | +228.2% |
| Remuneration and social security | 454/9 | - | €2,786 | +€2,786 | |
| Other amounts payable | 47/48 | €15,782 | €589 | -€15,193 | -96.3% |
| Turnover | 70 | €502,904 | - | -€502,904 | |
| Goods, raw materials, services and sundry goods | 60/61 | €457,268 | - | -€457,268 | |
| Remuneration, social security and pensions | 62 | €4,560 | €46,607 | +€42,047 | +922.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,079 | - | -€2,079 | |
| Other operating charges | 640/8 | €2,344 | €4,521 | +€2,176 | +92.8% |
| Gross operating margin | 9900 | €45,636 | €122,811 | +€77,175 | +169.1% |
| Operating profit (loss) | 9901 | €36,653 | €71,683 | +€35,030 | +95.6% |
| Financial income | 75/76B | €12 | €1,507 | +€1,495 | +12111.2% |
| Recurring financial income | 75 | €12 | €1,507 | +€1,495 | +12111.2% |
| Financial charges | 65/66B | €2,906 | €1,693 | -€1,214 | -41.8% |
| Recurring financial charges | 65 | €2,906 | €1,693 | -€1,214 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €33,759 | €71,498 | +€37,738 | +111.8% |
| Income taxes | 67/77 | €7,534 | €15,775 | +€8,241 | +109.4% |
| Profit (loss) for the period | 9904 | €26,225 | €55,723 | +€29,498 | +112.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,225 | €55,723 | +€29,498 | +112.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.