RENOV'CITY: 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.
RENOV'CITY
Largest movements
- Tangible fixed assets +€114,963
up €114,963 (+429%), from €26,788 to €141,751
of which Land and buildings: +€74,557
- Cash +€13,280
up €13,280 (+57.3%), from €23,184 to €36,464
mainly Debts after one year (+€72,568) and Net result for the year (+€26,083)
- Receivables within one year -€5,267
down €5,267 (-27.1%), from €19,413 to €14,146
of which Other amounts receivable: -€9,249
- Debts after one year +€72,568
new in 2025: €72,568
- Other debts +€23,209
up €23,209 (+32.7%), from €70,899 to €94,108
- Profit (loss) carried forward +€20,083
up €20,083 (+94.6%), from -€21,224 to -€1,141
- Reserves +€6,000
new in 2025: €6,000
- Tax, wage and social debts +€3,891
up €3,891 (+1,297%), from €300 to €4,191
- Gross operating margin +€51,364
up €51,364 (+735%), from €6,991 to €58,355
- Depreciation +€2,999
up €2,999 (+16.3%), from €18,407 to €21,406
- Staff costs -€2,934
down €2,934 (-55.2%), from €5,315 to €2,381
- Taxes +€2,819
up €2,819, from -€19 to €2,800
- Financial charges +€1,890
up €1,890 (+222%), from €853 to €2,743
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 | €70,944 | €194,650 | +€123,706 | +174% |
| Fixed assets | 21/28 | €26,788 | €141,751 | +€114,963 | +429% |
| Tangible fixed assets | 22/27 | €26,788 | €141,751 | +€114,963 | +429% |
| Land and buildings | 22 | - | €74,557 | +€74,557 | |
| Plant, machinery and equipment | 23 | €2,444 | €1,446 | -€998 | -40.8% |
| Furniture and vehicles | 24 | €16,844 | €59,050 | +€42,206 | +251% |
| Other tangible fixed assets | 26 | €7,500 | €6,698 | -€802 | -10.7% |
| Current assets | 29/58 | €44,156 | €52,899 | +€8,743 | +19.8% |
| Amounts receivable within one year | 40/41 | €19,413 | €14,146 | -€5,267 | -27.1% |
| Trade receivables | 40 | - | €3,982 | +€3,982 | |
| Other amounts receivable | 41 | €19,413 | €10,164 | -€9,249 | -47.6% |
| Cash at bank and in hand | 54/58 | €23,184 | €36,464 | +€13,280 | +57.3% |
| Deferred charges and accrued income | 490/1 | €1,559 | €2,289 | +€730 | +46.8% |
| Total equity and liabilities | 10/49 | €70,944 | €194,650 | +€123,706 | +174% |
| Equity | 10/15 | -€16,224 | €9,859 | +€26,083 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €6,000 | +€6,000 | |
| Distributable reserves | 133 | - | €6,000 | +€6,000 | |
| Profit (loss) carried forward | 14 | -€21,224 | -€1,141 | +€20,083 | +94.6% |
| Amounts payable | 17/49 | €87,168 | €184,791 | +€97,623 | +112% |
| Amounts payable after more than one year | 17 | - | €72,568 | +€72,568 | |
| Financial debts | 170/4 | - | €72,568 | +€72,568 | |
| Amounts payable within one year | 42/48 | €87,168 | €112,223 | +€25,055 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €3,376 | - | -€3,376 | |
| Trade debts | 44 | €12,593 | €13,924 | +€1,331 | +10.6% |
| Suppliers | 440/4 | €12,593 | €13,924 | +€1,331 | +10.6% |
| Taxes, remuneration and social security | 45 | €300 | €4,191 | +€3,891 | +1,297% |
| Taxes | 450/3 | €300 | €4,191 | +€3,891 | +1,297% |
| Other amounts payable | 47/48 | €70,899 | €94,108 | +€23,209 | +32.7% |
| Remuneration, social security and pensions | 62 | €5,315 | €2,381 | -€2,934 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,407 | €21,406 | +€2,999 | +16.3% |
| Other operating charges | 640/8 | €2,074 | €2,818 | +€744 | +35.9% |
| Non-recurring operating charges | 66A | €127 | €243 | +€116 | +91.3% |
| Gross operating margin | 9900 | €6,991 | €58,355 | +€51,364 | +735% |
| Operating profit (loss) | 9901 | -€18,932 | €31,507 | +€50,439 | |
| Financial income | 75/76B | - | €119 | +€119 | |
| Recurring financial income | 75 | - | €119 | +€119 | |
| Financial charges | 65/66B | €853 | €2,743 | +€1,890 | +222% |
| Recurring financial charges | 65 | €853 | €2,743 | +€1,890 | +222% |
| Profit (loss) for the period before taxes | 9903 | -€19,785 | €28,883 | +€48,668 | |
| Income taxes | 67/77 | -€19 | €2,800 | +€2,819 | |
| Profit (loss) for the period | 9904 | -€19,766 | €26,083 | +€45,849 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,766 | €26,083 | +€45,849 |
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.