RENOBUILD: 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.
RENOBUILD
Largest movements
- Receivables within one year +€145,461
up €145,461 (+23.8%), from €611,312 to €756,774
of which Trade receivables: +€136,663
- Cash -€136,993
down €136,993 (-72.3%), from €189,361 to €52,369
mainly Receivables within one year (-€145,461) and Stocks and contracts (-€72,928)
- Stocks and contracts +€72,928
up €72,928 (+355.3%), from €20,527 to €93,455
- Tangible fixed assets -€25,405
down €25,405 (-12.5%), from €203,513 to €178,108
of which Plant, machinery and equipment: -€20,161
- Trade debts +€38,212
up €38,212 (+13.1%), from €290,754 to €328,966
- Short-term financial debts +€15,000
up €15,000 (+6.0%), from €250,000 to €265,000
- Depreciation -€19,928
down €19,928 (-22.8%), from €87,393 to €67,465
- Financial income -€16,535
down €16,535 (-99.1%), from €16,686 to €151
of which Financial income: -€12,907
- Taxes +€14,867
up €14,867 (+18716.5%), from €79 to €14,946
- Gross operating margin +€12,678
up €12,678 (+1.3%), from €970,997 to €983,675
- Other operating charges +€10,967
up €10,967 (+279.0%), from €3,931 to €14,898
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 | €1,034,413 | €1,090,405 | +€55,991 | +5.4% |
| Fixed assets | 21/28 | €213,213 | €187,808 | -€25,405 | -11.9% |
| Tangible fixed assets | 22/27 | €203,513 | €178,108 | -€25,405 | -12.5% |
| Plant, machinery and equipment | 23 | €53,934 | €33,773 | -€20,161 | -37.4% |
| Furniture and vehicles | 24 | €17,514 | €12,494 | -€5,019 | -28.7% |
| Leasing and similar rights | 25 | €132,065 | €131,840 | -€225 | -0.2% |
| Financial fixed assets | 28 | €9,700 | €9,700 | = | 0.0% |
| Current assets | 29/58 | €821,200 | €902,597 | +€81,397 | +9.9% |
| Stocks and contracts in progress | 3 | €20,527 | €93,455 | +€72,928 | +355.3% |
| Stocks | 30/36 | €20,527 | €93,455 | +€72,928 | +355.3% |
| Amounts receivable within one year | 40/41 | €611,312 | €756,774 | +€145,461 | +23.8% |
| Trade receivables | 40 | €550,222 | €686,884 | +€136,663 | +24.8% |
| Other amounts receivable | 41 | €61,091 | €69,889 | +€8,799 | +14.4% |
| Cash at bank and in hand | 54/58 | €189,361 | €52,369 | -€136,993 | -72.3% |
| Total equity and liabilities | 10/49 | €1,034,413 | €1,090,405 | +€55,991 | +5.4% |
| Equity | 10/15 | €238,621 | €235,904 | -€2,717 | -1.1% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Capital | 10 | €27,268 | €27,268 | = | 0.0% |
| Issued capital | 100 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €6,786 | €6,786 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Legal reserve | 130 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €4,060 | €4,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €204,566 | €201,849 | -€2,717 | -1.3% |
| Amounts payable | 17/49 | €795,793 | €854,501 | +€58,708 | +7.4% |
| Amounts payable after more than one year | 17 | €77,035 | €70,211 | -€6,824 | -8.9% |
| Financial debts | 170/4 | €77,035 | €70,211 | -€6,824 | -8.9% |
| Amounts payable within one year | 42/48 | €718,758 | €784,290 | +€65,532 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €25,596 | €34,831 | +€9,235 | +36.1% |
| Financial debts | 43 | €250,000 | €265,000 | +€15,000 | +6.0% |
| Credit institutions | 430/8 | €250,000 | €265,000 | +€15,000 | +6.0% |
| Trade debts | 44 | €290,754 | €328,966 | +€38,212 | +13.1% |
| Suppliers | 440/4 | €290,754 | €328,966 | +€38,212 | +13.1% |
| Taxes, remuneration and social security | 45 | €2,408 | €5,493 | +€3,085 | +128.1% |
| Taxes | 450/3 | €473 | €3,558 | +€3,085 | +652.6% |
| Remuneration and social security | 454/9 | €1,935 | €1,935 | = | 0.0% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €858,013 | €867,385 | +€9,372 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,393 | €67,465 | -€19,928 | -22.8% |
| Other operating charges | 640/8 | €3,931 | €14,898 | +€10,967 | +279.0% |
| Gross operating margin | 9900 | €970,997 | €983,675 | +€12,678 | +1.3% |
| Operating profit (loss) | 9901 | €21,660 | €33,927 | +€12,267 | +56.6% |
| Financial income | 75/76B | €16,686 | €151 | -€16,535 | -99.1% |
| Recurring financial income | 75 | €13,058 | €151 | -€12,907 | -98.8% |
| Non-recurring financial income | 76B | €3,628 | - | -€3,628 | |
| Financial charges | 65/66B | €30,401 | €21,849 | -€8,552 | -28.1% |
| Recurring financial charges | 65 | €30,401 | €21,849 | -€8,552 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €7,945 | €12,229 | +€4,284 | +53.9% |
| Income taxes | 67/77 | €79 | €14,946 | +€14,867 | +18716.5% |
| Profit (loss) for the period | 9904 | €7,866 | -€2,717 | -€10,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,866 | -€2,717 | -€10,583 |
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 7 October 2026 via checked.be.