RENOV MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€116,676
down €116,676 (-87.5%), from €133,329 to €16,653
of which Trade receivables: -€116,076
- Tangible fixed assets +€85,394
up €85,394 (+296%), from €28,880 to €114,274
of which Furniture and vehicles: +€87,812
- Cash +€22,358
up €22,358 (+28.2%), from €79,153 to €101,511
mainly Receivables within one year (+€116,676) and Debts after one year (+€61,123)
- Stocks and contracts +€19,220
up €19,220 (+32.1%), from €59,826 to €79,046
- Deferred charges and accrued income -€7,901
down €7,901 (-31.5%), from €25,093 to €17,192
- Advances received -€116,590
down €116,590 (-99.8%), from €116,780 to €190
- Debts after one year +€61,123
up €61,123 (+782%), from €7,816 to €68,939
- Trade debts +€25,828
up €25,828 (+39.7%), from €65,088 to €90,916
- Current portion of long-term debt +€17,265
up €17,265 (+387%), from €4,456 to €21,722
- Reserves +€15,811
up €15,811 (+150%), from €10,523 to €26,333
of which Distributable reserves: +€15,811
- Gross operating margin +€72,284
up €72,284 (+26.4%), from €274,150 to €346,434
- Staff costs +€39,540
up €39,540 (+15.8%), from €249,906 to €289,445
- Depreciation +€14,682
up €14,682 (+97.9%), from €14,990 to €29,672
- Taxes +€6,139
up €6,139 (+773%), from €794 to €6,933
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 | €327,284 | €334,117 | +€6,834 | +2.1% |
| Fixed assets | 21/28 | €29,883 | €119,715 | +€89,833 | +301% |
| Intangible fixed assets | 21 | €923 | €5,361 | +€4,438 | +481% |
| Tangible fixed assets | 22/27 | €28,880 | €114,274 | +€85,394 | +296% |
| Plant, machinery and equipment | 23 | €4,908 | €3,531 | -€1,377 | -28.1% |
| Furniture and vehicles | 24 | €21,708 | €109,520 | +€87,812 | +405% |
| Other tangible fixed assets | 26 | €2,264 | €1,223 | -€1,041 | -46.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €297,401 | €214,402 | -€82,999 | -27.9% |
| Stocks and contracts in progress | 3 | €59,826 | €79,046 | +€19,220 | +32.1% |
| Contracts in progress | 37 | €59,826 | €79,046 | +€19,220 | +32.1% |
| Amounts receivable within one year | 40/41 | €133,329 | €16,653 | -€116,676 | -87.5% |
| Trade receivables | 40 | €128,802 | €12,726 | -€116,076 | -90.1% |
| Other amounts receivable | 41 | €4,526 | €3,926 | -€600 | -13.3% |
| Cash at bank and in hand | 54/58 | €79,153 | €101,511 | +€22,358 | +28.2% |
| Deferred charges and accrued income | 490/1 | €25,093 | €17,192 | -€7,901 | -31.5% |
| Total equity and liabilities | 10/49 | €327,284 | €334,117 | +€6,834 | +2.1% |
| Equity | 10/15 | €119,403 | €134,337 | +€14,934 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,523 | €26,333 | +€15,811 | +150% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €8,668 | €24,478 | +€15,811 | +182% |
| Profit (loss) carried forward | 14 | €102,680 | €101,804 | -€877 | -0.9% |
| Amounts payable | 17/49 | €207,881 | €199,780 | -€8,100 | -3.9% |
| Amounts payable after more than one year | 17 | €7,816 | €68,939 | +€61,123 | +782% |
| Other amounts payable | 178/9 | €7,816 | €68,939 | +€61,123 | +782% |
| Amounts payable within one year | 42/48 | €200,011 | €127,841 | -€72,170 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €4,456 | €21,722 | +€17,265 | +387% |
| Financial debts | 43 | €7,282 | €0 | -€7,282 | -100% |
| Credit institutions | 430/8 | €7,282 | €0 | -€7,282 | -100% |
| Trade debts | 44 | €65,088 | €90,916 | +€25,828 | +39.7% |
| Suppliers | 440/4 | €65,088 | €90,916 | +€25,828 | +39.7% |
| Advances received on contracts in progress | 46 | €116,780 | €190 | -€116,590 | -99.8% |
| Taxes, remuneration and social security | 45 | €4,303 | €11,754 | +€7,451 | +173% |
| Taxes | 450/3 | €4,303 | €11,754 | +€7,451 | +173% |
| Other amounts payable | 47/48 | €2,101 | €3,260 | +€1,158 | +55.1% |
| Accrued charges and deferred income | 492/3 | €53 | €3,000 | +€2,947 | +5,568% |
| Remuneration, social security and pensions | 62 | €249,906 | €289,445 | +€39,540 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,990 | €29,672 | +€14,682 | +97.9% |
| Other operating charges | 640/8 | €3,843 | €2,466 | -€1,377 | -35.8% |
| Gross operating margin | 9900 | €274,150 | €346,434 | +€72,284 | +26.4% |
| Operating profit (loss) | 9901 | €5,412 | €24,851 | +€19,439 | +359% |
| Financial income | 75/76B | €1,023 | €570 | -€453 | -44.3% |
| Recurring financial income | 75 | €1,023 | €570 | -€453 | -44.3% |
| Financial charges | 65/66B | €753 | €2,677 | +€1,924 | +255% |
| Recurring financial charges | 65 | €753 | €2,677 | +€1,924 | +255% |
| Profit (loss) for the period before taxes | 9903 | €5,681 | €22,744 | +€17,062 | +300% |
| Income taxes | 67/77 | €794 | €6,933 | +€6,139 | +773% |
| Profit (loss) for the period | 9904 | €4,887 | €15,811 | +€10,923 | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €4,887 | €15,811 | +€10,923 | +223% |
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 23 October 2026 via checked.be.