RENOUV O: 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.
What changed
RENOUV O
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€390,807
2024 · €93,151+€297,656
Equity
€7.9m
2024 · €7.6m+€390,807
Cash
€2.9m
2024 · €1.8m+€1.1m
Balance sheet total
€32.6m
2024 · €32.3m+€288,823
Largest movements
Assets
- Cash +€1.1m
up €1.1m (+58.8%), from €1.8m to €2.9m
mainly Depreciation (+€666,396) and Net result for the year (+€390,807)
- Tangible fixed assets -€641,396
down €641,396 (-2.2%), from €28.6m to €28.0m
of which Land and buildings: -€663,896
Equity and liabilities
- Profit (loss) carried forward +€390,807
up €390,807 (+15.1%), from -€2.6m to -€2.2m
Income statement
- Gross operating margin +€286,500
up €286,500 (+15.0%), from €1.9m to €2.2m
- Financial charges -€26,088
down €26,088 (-2.5%), from €1.0m to €1.0m
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.
Result 2024
€93,151
Gross operating margin
+€286,500
Depreciation
-€2,500
Other operating charges
-€1,686
Other operating items
-€100
Financial income
-€10,645
Financial charges
+€26,088
Result 2025
€390,807
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€25,000
Financing
-€136,953
Cash 2024
€1.8m
From operations (derived)
+€1.2m
Net result for the year
+€390,807
Depreciation
+€666,396
Receivables within one year
+€7,850
Deferred charges and accrued income
+€140,054
Trade debts
-€143,920
Other debts
+€179,255
Accrued charges and deferred income
-€367
Investment (derived)
-€25,000
Investment in fixed assets (net)
-€25,000
Financing
-€136,953
Debts after one year
-€289,001
Current portion of long-term debt
+€152,048
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,308,249 | €32,597,071 | +€288,823 | +0.9% |
| Fixed assets | 21/28 | €28,627,954 | €27,986,558 | -€641,396 | -2.2% |
| Tangible fixed assets | 22/27 | €28,627,954 | €27,986,558 | -€641,396 | -2.2% |
| Land and buildings | 22 | €28,627,954 | €27,964,058 | -€663,896 | -2.3% |
| Furniture and vehicles | 24 | - | €22,500 | +€22,500 | |
| Current assets | 29/58 | €3,680,295 | €4,610,514 | +€930,219 | +25.3% |
| Amounts receivable within one year | 40/41 | €34,942 | €27,092 | -€7,850 | -22.5% |
| Trade receivables | 40 | - | €13,245 | +€13,245 | |
| Other amounts receivable | 41 | €34,942 | €13,846 | -€21,096 | -60.4% |
| Cash at bank and in hand | 54/58 | €1,832,162 | €2,910,285 | +€1.1m | +58.8% |
| Deferred charges and accrued income | 490/1 | €1,813,191 | €1,673,137 | -€140,054 | -7.7% |
| Total equity and liabilities | 10/49 | €32,308,249 | €32,597,071 | +€288,823 | +0.9% |
| Equity | 10/15 | €7,552,091 | €7,942,898 | +€390,807 | +5.2% |
| Contributions | 10/11 | €10,138,713 | €10,138,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,586,621 | -€2,195,814 | +€390,807 | +15.1% |
| Amounts payable | 17/49 | €24,756,157 | €24,654,173 | -€101,984 | -0.4% |
| Amounts payable after more than one year | 17 | €21,790,278 | €21,501,277 | -€289,001 | -1.3% |
| Financial debts | 170/4 | €21,790,278 | €21,501,277 | -€289,001 | -1.3% |
| Amounts payable within one year | 42/48 | €2,086,414 | €2,273,798 | +€187,384 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €392,050 | €544,098 | +€152,048 | +38.8% |
| Trade debts | 44 | €1,670,221 | €1,526,301 | -€143,920 | -8.6% |
| Suppliers | 440/4 | €1,670,221 | €1,526,301 | -€143,920 | -8.6% |
| Other amounts payable | 47/48 | €24,143 | €203,399 | +€179,255 | +742% |
| Accrued charges and deferred income | 492/3 | €879,465 | €879,099 | -€367 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663,896 | €666,396 | +€2,500 | +0.4% |
| Other operating charges | 640/8 | €136,941 | €138,626 | +€1,686 | +1.2% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €1,915,069 | €2,201,569 | +€286,500 | +15.0% |
| Operating profit (loss) | 9901 | €1,114,232 | €1,396,447 | +€282,214 | +25.3% |
| Financial income | 75/76B | €28,828 | €18,183 | -€10,645 | -36.9% |
| Recurring financial income | 75 | €28,828 | €18,183 | -€10,645 | -36.9% |
| Financial charges | 65/66B | €1,049,910 | €1,023,822 | -€26,088 | -2.5% |
| Recurring financial charges | 65 | €1,049,910 | €1,023,822 | -€26,088 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €93,151 | €390,807 | +€297,656 | +320% |
| Profit (loss) for the period | 9904 | €93,151 | €390,807 | +€297,656 | +320% |
| Profit (loss) for the period to be appropriated | 9905 | €93,151 | €390,807 | +€297,656 | +320% |
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 18 October 2026 via checked.be.