RENOBOUW: 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.
RENOBOUW
Largest movements
- Cash +€20,149
up €20,149 (+15.0%), from €134,368 to €154,517
mainly Stocks and contracts (+€12,358) and Receivables within one year (+€8,537)
- Stocks and contracts -€12,358
down €12,358 (-96.2%), from €12,848 to €490
- Receivables within one year -€8,537
down €8,537 (-24.4%), from €34,933 to €26,396
of which Trade receivables: -€13,440
- Tangible fixed assets -€5,712
down €5,712 (-18.4%), from €31,009 to €25,297
of which Plant, machinery and equipment: -€4,804
- Trade debts -€3,554
down €3,554 (-87.5%), from €4,063 to €509
- Staff costs -€1,549
no longer reported in 2025 (was €1,549)
- Financial charges +€837
up €837 (+199%), from €422 to €1,258
of which Non-recurring financial charges: +€903
- Other operating charges +€738
up €738 (+43.2%), from €1,706 to €2,443
- Depreciation +€619
up €619 (+12.2%), from €5,093 to €5,712
- Taxes -€186
down €186 (-24.0%), from €775 to €589
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 | €215,500 | €209,042 | -€6,459 | -3.0% |
| Fixed assets | 21/28 | €33,351 | €27,639 | -€5,712 | -17.1% |
| Tangible fixed assets | 22/27 | €31,009 | €25,297 | -€5,712 | -18.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €29,480 | €24,676 | -€4,804 | -16.3% |
| Furniture and vehicles | 24 | €1,529 | €621 | -€909 | -59.4% |
| Financial fixed assets | 28 | €2,342 | €2,342 | = | 0.0% |
| Current assets | 29/58 | €182,149 | €181,403 | -€746 | -0.4% |
| Stocks and contracts in progress | 3 | €12,848 | €490 | -€12,358 | -96.2% |
| Stocks | 30/36 | €12,848 | €490 | -€12,358 | -96.2% |
| Amounts receivable within one year | 40/41 | €34,933 | €26,396 | -€8,537 | -24.4% |
| Trade receivables | 40 | €21,818 | €8,378 | -€13,440 | -61.6% |
| Other amounts receivable | 41 | €13,116 | €18,019 | +€4,903 | +37.4% |
| Cash at bank and in hand | 54/58 | €134,368 | €154,517 | +€20,149 | +15.0% |
| Total equity and liabilities | 10/49 | €215,500 | €209,042 | -€6,459 | -3.0% |
| Equity | 10/15 | €206,372 | €204,531 | -€1,841 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €144,372 | €142,531 | -€1,841 | -1.3% |
| Non-distributable reserves | 130/1 | €96,579 | €96,579 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €90,379 | €90,379 | = | 0.0% |
| Distributable reserves | 133 | €47,794 | €45,952 | -€1,841 | -3.9% |
| Amounts payable | 17/49 | €9,128 | €4,510 | -€4,618 | -50.6% |
| Amounts payable within one year | 42/48 | €9,128 | €4,510 | -€4,618 | -50.6% |
| Financial debts | 43 | €2,347 | €2,335 | -€11 | -0.5% |
| Other loans | 439 | €2,347 | €2,335 | -€11 | -0.5% |
| Trade debts | 44 | €4,063 | €509 | -€3,554 | -87.5% |
| Suppliers | 440/4 | €4,063 | €509 | -€3,554 | -87.5% |
| Taxes, remuneration and social security | 45 | €515 | €500 | -€16 | -3.0% |
| Taxes | 450/3 | €515 | €500 | -€16 | -3.0% |
| Other amounts payable | 47/48 | €2,203 | €1,166 | -€1,036 | -47.1% |
| Remuneration, social security and pensions | 62 | €1,549 | - | -€1,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,093 | €5,712 | +€619 | +12.2% |
| Other operating charges | 640/8 | €1,706 | €2,443 | +€738 | +43.2% |
| Non-recurring operating charges | 66A | €35 | - | -€35 | |
| Gross operating margin | 9900 | €9,495 | €9,311 | -€184 | -1.9% |
| Operating profit (loss) | 9901 | €1,112 | €1,155 | +€43 | +3.8% |
| Financial income | 75/76B | €696 | €517 | -€178 | -25.6% |
| Recurring financial income | 75 | €696 | €517 | -€178 | -25.6% |
| Financial charges | 65/66B | €422 | €1,258 | +€837 | +199% |
| Recurring financial charges | 65 | €422 | €355 | -€66 | -15.7% |
| Non-recurring financial charges | 66B | - | €903 | +€903 | |
| Profit (loss) for the period before taxes | 9903 | €1,386 | €414 | -€972 | -70.1% |
| Income taxes | 67/77 | €775 | €589 | -€186 | -24.0% |
| Profit (loss) for the period | 9904 | €612 | -€175 | -€787 | |
| Profit (loss) for the period to be appropriated | 9905 | €612 | -€175 | -€787 |
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 23 October 2026 via checked.be.