RENOBO CONSTRUCT: 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.
RENOBO CONSTRUCT
Largest movements
- Receivables within one year +€4.2m
up €4.2m (+344%), from €1.2m to €5.4m
of which Other amounts receivable: +€4.2m
- Stocks and contracts -€2.8m
down €2.8m (-83.4%), from €3.3m to €553,026
- Cash -€663,007
down €663,007 (-85.8%), from €772,967 to €109,959
mainly Receivables within one year (-€4.2m) and Short-term financial debts (-€1.3m)
- Short-term financial debts -€1.3m
down €1.3m (-92.6%), from €1.4m to €104,000
- Other debts +€1.2m
up €1.2m (+1,157%), from €105,032 to €1.3m
- Reserves +€818,259
up €818,259 (+52.8%), from €1.6m to €2.4m
- Debts after one year -€278,510
down €278,510 (-21.9%), from €1.3m to €990,451
- Tax, wage and social debts +€190,940
up €190,940 (+4,403%), from €4,337 to €195,277
of which Taxes: +€190,517
- Gross operating margin +€848,045
up €848,045 (+120%), from €706,880 to €1.6m
- Taxes +€303,465
up €303,465 (+349%), from €87,075 to €390,540
- Financial income +€62,278
up €62,278 (+1,311%), from €4,749 to €67,027
- Staff costs -€19,777
down €19,777 (-11.9%), from €165,665 to €145,888
- Financial charges -€19,265
down €19,265 (-11.7%), from €164,262 to €144,997
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 | €5,761,137 | €6,536,569 | +€775,431 | +13.5% |
| Fixed assets | 21/28 | €284,399 | €246,854 | -€37,544 | -13.2% |
| Tangible fixed assets | 22/27 | €280,764 | €242,469 | -€38,294 | -13.6% |
| Land and buildings | 22 | €21,931 | €14,945 | -€6,986 | -31.9% |
| Plant, machinery and equipment | 23 | €115,573 | €117,218 | +€1,645 | +1.4% |
| Furniture and vehicles | 24 | €10,132 | €30,430 | +€20,298 | +200% |
| Leasing and similar rights | 25 | €133,128 | €79,877 | -€53,251 | -40.0% |
| Financial fixed assets | 28 | €3,635 | €4,385 | +€750 | +20.6% |
| Current assets | 29/58 | €5,476,739 | €6,289,714 | +€812,975 | +14.8% |
| Amounts receivable after more than one year | 29 | €118,594 | €156,590 | +€37,997 | +32.0% |
| Other amounts receivable | 291 | €118,594 | €156,590 | +€37,997 | +32.0% |
| Stocks and contracts in progress | 3 | €3,332,101 | €553,026 | -€2.8m | -83.4% |
| Stocks | 30/36 | €3,332,101 | €553,026 | -€2.8m | -83.4% |
| Amounts receivable within one year | 40/41 | €1,225,422 | €5,440,974 | +€4.2m | +344% |
| Trade receivables | 40 | €59,383 | €27,720 | -€31,663 | -53.3% |
| Other amounts receivable | 41 | €1,166,039 | €5,413,254 | +€4.2m | +364% |
| Cash at bank and in hand | 54/58 | €772,967 | €109,959 | -€663,007 | -85.8% |
| Deferred charges and accrued income | 490/1 | €27,655 | €29,165 | +€1,510 | +5.5% |
| Total equity and liabilities | 10/49 | €5,761,137 | €6,536,569 | +€775,431 | +13.5% |
| Equity | 10/15 | €1,569,002 | €2,387,260 | +€818,259 | +52.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,550,402 | €2,368,660 | +€818,259 | +52.8% |
| Distributable reserves | 133 | €1,550,402 | €2,368,660 | +€818,259 | +52.8% |
| Amounts payable | 17/49 | €4,192,136 | €4,149,308 | -€42,827 | -1.0% |
| Amounts payable after more than one year | 17 | €1,268,961 | €990,451 | -€278,510 | -21.9% |
| Financial debts | 170/4 | €1,268,961 | €990,451 | -€278,510 | -21.9% |
| Amounts payable within one year | 42/48 | €2,923,174 | €3,158,857 | +€235,683 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €202,333 | €198,559 | -€3,774 | -1.9% |
| Financial debts | 43 | €1,398,520 | €104,000 | -€1.3m | -92.6% |
| Credit institutions | 430/8 | €1,398,520 | €104,000 | -€1.3m | -92.6% |
| Trade debts | 44 | €1,212,952 | €1,341,184 | +€128,232 | +10.6% |
| Suppliers | 440/4 | €1,212,952 | €1,341,184 | +€128,232 | +10.6% |
| Taxes, remuneration and social security | 45 | €4,337 | €195,277 | +€190,940 | +4,403% |
| Taxes | 450/3 | €267 | €190,783 | +€190,517 | +71,389% |
| Remuneration and social security | 454/9 | €4,070 | €4,493 | +€423 | +10.4% |
| Other amounts payable | 47/48 | €105,032 | €1,319,837 | +€1.2m | +1,157% |
| Non-recurring operating income | 76A | €41,042 | €25,000 | -€16,042 | -39.1% |
| Remuneration, social security and pensions | 62 | €165,665 | €145,888 | -€19,777 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,862 | €119,076 | +€10,213 | +9.4% |
| Other operating charges | 640/8 | €2,290 | €3,193 | +€903 | +39.4% |
| Gross operating margin | 9900 | €706,880 | €1,554,925 | +€848,045 | +120% |
| Operating profit (loss) | 9901 | €430,063 | €1,286,769 | +€856,706 | +199% |
| Financial income | 75/76B | €4,749 | €67,027 | +€62,278 | +1,311% |
| Recurring financial income | 75 | €4,749 | €67,027 | +€62,278 | +1,311% |
| Financial charges | 65/66B | €164,262 | €144,997 | -€19,265 | -11.7% |
| Recurring financial charges | 65 | €164,262 | €144,997 | -€19,265 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €270,551 | €1,208,799 | +€938,248 | +347% |
| Income taxes | 67/77 | €87,075 | €390,540 | +€303,465 | +349% |
| Profit (loss) for the period | 9904 | €183,476 | €818,259 | +€634,783 | +346% |
| Profit (loss) for the period to be appropriated | 9905 | €183,476 | €818,259 | +€634,783 | +346% |
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 28 October 2026 via checked.be.