RENOV HD: 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 HD
Largest movements
- Cash -€47,655
down €47,655 (-76.6%), from €62,212 to €14,557
mainly Net result for the year (-€53,983) and Tax, wage and social debts (-€7,481)
- Tangible fixed assets -€14,129
down €14,129 (-34.8%), from €40,650 to €26,521
of which Furniture and vehicles: -€13,536
- Receivables within one year -€11,130
down €11,130 (-9.8%), from €113,257 to €102,127
of which Other amounts receivable: -€10,153
- Profit (loss) carried forward -€53,983
down €53,983 (-33.0%), from €163,799 to €109,817
- Tax, wage and social debts -€7,481
down €7,481 (-53.2%), from €14,072 to €6,592
- Current portion of long-term debt -€7,150
down €7,150 (-58.0%), from €12,337 to €5,186
- Debts after one year -€5,186
no longer reported in 2025 (was €5,186)
- Gross operating margin -€96,653
down €96,653, from €56,309 to -€40,344
- Taxes -€10,052
down €10,052 (-100.0%), from €10,052 to €0
- Financial income +€2,670
new in 2025: €2,670
- Depreciation +€969
up €969 (+7.2%), from €13,556 to €14,525
- Financial charges -€684
down €684 (-43.4%), from €1,575 to €891
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 | €218,297 | €146,215 | -€72,082 | -33.0% |
| Fixed assets | 21/28 | €40,650 | €26,521 | -€14,129 | -34.8% |
| Tangible fixed assets | 22/27 | €40,650 | €26,521 | -€14,129 | -34.8% |
| Plant, machinery and equipment | 23 | €2,592 | €1,998 | -€594 | -22.9% |
| Furniture and vehicles | 24 | €38,058 | €24,523 | -€13,536 | -35.6% |
| Current assets | 29/58 | €177,647 | €119,694 | -€57,953 | -32.6% |
| Amounts receivable within one year | 40/41 | €113,257 | €102,127 | -€11,130 | -9.8% |
| Trade receivables | 40 | €28,482 | €27,504 | -€978 | -3.4% |
| Other amounts receivable | 41 | €84,775 | €74,623 | -€10,153 | -12.0% |
| Cash at bank and in hand | 54/58 | €62,212 | €14,557 | -€47,655 | -76.6% |
| Deferred charges and accrued income | 490/1 | €2,178 | €3,010 | +€832 | +38.2% |
| Total equity and liabilities | 10/49 | €218,297 | €146,215 | -€72,082 | -33.0% |
| Equity | 10/15 | €181,799 | €127,817 | -€53,983 | -29.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,799 | €109,817 | -€53,983 | -33.0% |
| Amounts payable | 17/49 | €36,498 | €18,398 | -€18,100 | -49.6% |
| Amounts payable after more than one year | 17 | €5,186 | - | -€5,186 | |
| Financial debts | 170/4 | €5,186 | - | -€5,186 | |
| Amounts payable within one year | 42/48 | €31,311 | €18,398 | -€12,913 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €12,337 | €5,186 | -€7,150 | -58.0% |
| Trade debts | 44 | €4,902 | €6,620 | +€1,718 | +35.0% |
| Suppliers | 440/4 | €4,902 | €6,620 | +€1,718 | +35.0% |
| Taxes, remuneration and social security | 45 | €14,072 | €6,592 | -€7,481 | -53.2% |
| Taxes | 450/3 | €14,072 | €6,592 | -€7,481 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,556 | €14,525 | +€969 | +7.2% |
| Other operating charges | 640/8 | €998 | €839 | -€159 | -15.9% |
| Non-recurring operating charges | 66A | €50 | €53 | +€3 | +6.0% |
| Gross operating margin | 9900 | €56,309 | -€40,344 | -€96,653 | |
| Operating profit (loss) | 9901 | €41,705 | -€55,762 | -€97,467 | |
| Financial income | 75/76B | - | €2,670 | +€2,670 | |
| Recurring financial income | 75 | - | €2,670 | +€2,670 | |
| Financial charges | 65/66B | €1,575 | €891 | -€684 | -43.4% |
| Recurring financial charges | 65 | €1,575 | €891 | -€684 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €40,130 | -€53,983 | -€94,113 | |
| Income taxes | 67/77 | €10,052 | €0 | -€10,052 | -100.0% |
| Profit (loss) for the period | 9904 | €30,079 | -€53,983 | -€84,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,079 | -€53,983 | -€84,061 |
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 12 October 2026 via checked.be.