RENOV (ECO)²: what changed
What changed
RENOV (ECO)²
NACE 43.341, Painting of buildings
filed annual accounts (NBB)
Net result for the year
-€248
2024 · -€183-€65
Equity
€45,371
2024 · €45,619-€248
Cash
€26,350
2024 · €42,443-€16,093
Balance sheet total
€50,960
2024 · €53,035-€2,075
Largest movements
Assets
- Receivables within one year +€16,315
up €16,315 (+4,328%), from €377 to €16,692
of which Trade receivables: +€16,315
- Cash -€16,093
down €16,093 (-37.9%), from €42,443 to €26,350
mainly Receivables within one year (-€16,315) and Trade debts (-€4,246)
- Deferred charges and accrued income -€1,609
down €1,609 (-45.2%), from €3,562 to €1,953
Equity and liabilities
- Trade debts -€4,246
down €4,246 (-91.2%), from €4,656 to €410
- Tax, wage and social debts +€2,106
up €2,106 (+76.3%), from €2,760 to €4,866
of which Remuneration and social security: +€1,298
Income statement
- Gross operating margin -€2,143
down €2,143 (-4.6%), from €46,120 to €43,977
- Staff costs -€1,741
down €1,741 (-4.0%), from €43,800 to €42,059
- Depreciation -€702
down €702 (-37.0%), from €1,897 to €1,195
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€183
Gross operating margin
-€2,143
Staff costs
+€1,741
Depreciation
+€702
Other operating charges
-€425
Financial income
+€75
Financial charges
-€15
Result 2025
-€248
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€15,198
Investment
-€895
Financing
€0
Cash 2024
€42,443
From operations (derived)
-€15,198
Net result for the year
-€248
Depreciation
+€1,195
Stocks and contracts
+€388
Receivables within one year
-€16,315
Deferred charges and accrued income
+€1,609
Trade debts
-€4,246
Tax, wage and social debts
+€2,106
Other debts
+€66
Accrued charges and deferred income
+€247
Investment (derived)
-€895
Investment in fixed assets (net)
-€895
Cash 2025
€26,350
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,035 | €50,960 | -€2,075 | -3.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,218 | €1,918 | -€300 | -13.5% |
| Tangible fixed assets | 22/27 | €1,958 | €1,918 | -€40 | -2.0% |
| Plant, machinery and equipment | 23 | €1,088 | €1,608 | +€520 | +47.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €870 | €310 | -€560 | -64.4% |
| Financial fixed assets | 28 | €260 | €0 | -€260 | -100% |
| Current assets | 29/58 | €50,817 | €49,042 | -€1,775 | -3.5% |
| Stocks and contracts in progress | 3 | €4,435 | €4,047 | -€388 | -8.8% |
| Stocks | 30/36 | €4,435 | €4,047 | -€388 | -8.8% |
| Amounts receivable within one year | 40/41 | €377 | €16,692 | +€16,315 | +4,328% |
| Trade receivables | 40 | €377 | €16,692 | +€16,315 | +4,328% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €42,443 | €26,350 | -€16,093 | -37.9% |
| Deferred charges and accrued income | 490/1 | €3,562 | €1,953 | -€1,609 | -45.2% |
| Total equity and liabilities | 10/49 | €53,035 | €50,960 | -€2,075 | -3.9% |
| Equity | 10/15 | €45,619 | €45,371 | -€248 | -0.5% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €34,308 | €34,308 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,308 | €34,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,689 | -€26,937 | -€248 | -0.9% |
| Amounts payable | 17/49 | €7,416 | €5,589 | -€1,827 | -24.6% |
| Amounts payable within one year | 42/48 | €7,416 | €5,342 | -€2,074 | -28.0% |
| Trade debts | 44 | €4,656 | €410 | -€4,246 | -91.2% |
| Suppliers | 440/4 | €4,656 | €410 | -€4,246 | -91.2% |
| Taxes, remuneration and social security | 45 | €2,760 | €4,866 | +€2,106 | +76.3% |
| Taxes | 450/3 | €1,175 | €1,983 | +€808 | +68.8% |
| Remuneration and social security | 454/9 | €1,585 | €2,883 | +€1,298 | +81.9% |
| Other amounts payable | 47/48 | €0 | €66 | +€66 | |
| Accrued charges and deferred income | 492/3 | - | €247 | +€247 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €43,800 | €42,059 | -€1,741 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,897 | €1,195 | -€702 | -37.0% |
| Other operating charges | 640/8 | €740 | €1,165 | +€425 | +57.5% |
| Gross operating margin | 9900 | €46,120 | €43,977 | -€2,143 | -4.6% |
| Operating profit (loss) | 9901 | -€317 | -€442 | -€125 | -39.4% |
| Financial income | 75/76B | €173 | €248 | +€75 | +43.5% |
| Recurring financial income | 75 | €173 | €248 | +€75 | +43.5% |
| Financial charges | 65/66B | €40 | €55 | +€15 | +37.5% |
| Recurring financial charges | 65 | €40 | €55 | +€15 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | -€183 | -€248 | -€65 | -35.2% |
| Profit (loss) for the period | 9904 | -€183 | -€248 | -€65 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€183 | -€248 | -€65 | -35.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.