RENOV PASSION: 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 PASSION
Largest movements
- Receivables within one year +€37,230
up €37,230 (+176%), from €21,154 to €58,384
of which Other amounts receivable: +€33,437
- Cash -€11,544
down €11,544 (-43.9%), from €26,276 to €14,731
mainly Receivables within one year (-€37,230) and Investment in fixed assets (net) (-€13,156)
- Tangible fixed assets +€5,970
up €5,970 (+8.0%), from €74,670 to €80,639
of which Assets under construction and advance payments: +€12,410
- Debts after one year +€46,072
up €46,072 (+89.0%), from €51,741 to €97,813
- Trade debts -€10,544
down €10,544 (-62.3%), from €16,931 to €6,387
- Current portion of long-term debt -€4,946
down €4,946 (-67.1%), from €7,374 to €2,428
- Gross operating margin +€22,885
up €22,885, from -€9,421 to €13,463
- Depreciation -€2,732
down €2,732 (-27.5%), from €9,919 to €7,186
- Financial charges +€1,364
up €1,364 (+44.0%), from €3,100 to €4,464
- Staff costs -€818
down €818 (-100%), from €818 to €0
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 | €124,098 | €155,477 | +€31,378 | +25.3% |
| Fixed assets | 21/28 | €74,670 | €80,639 | +€5,970 | +8.0% |
| Tangible fixed assets | 22/27 | €74,670 | €80,639 | +€5,970 | +8.0% |
| Land and buildings | 22 | €64,513 | €62,695 | -€1,818 | -2.8% |
| Furniture and vehicles | 24 | €10,156 | €5,534 | -€4,622 | -45.5% |
| Assets under construction and advance payments | 27 | - | €12,410 | +€12,410 | |
| Current assets | 29/58 | €49,429 | €74,837 | +€25,409 | +51.4% |
| Amounts receivable within one year | 40/41 | €21,154 | €58,384 | +€37,230 | +176% |
| Trade receivables | 40 | €6,601 | €10,394 | +€3,793 | +57.5% |
| Other amounts receivable | 41 | €14,553 | €47,990 | +€33,437 | +230% |
| Cash at bank and in hand | 54/58 | €26,276 | €14,731 | -€11,544 | -43.9% |
| Deferred charges and accrued income | 490/1 | €1,999 | €1,722 | -€277 | -13.8% |
| Total equity and liabilities | 10/49 | €124,098 | €155,477 | +€31,378 | +25.3% |
| Equity | 10/15 | €45,871 | €44,910 | -€962 | -2.1% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €3,281 | €3,281 | = | 0.0% |
| Distributable reserves | 133 | €3,281 | €3,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,591 | €29,629 | -€962 | -3.1% |
| Amounts payable | 17/49 | €78,227 | €110,567 | +€32,340 | +41.3% |
| Amounts payable after more than one year | 17 | €51,741 | €97,813 | +€46,072 | +89.0% |
| Financial debts | 170/4 | €51,741 | €97,813 | +€46,072 | +89.0% |
| Amounts payable within one year | 42/48 | €26,486 | €12,754 | -€13,732 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €7,374 | €2,428 | -€4,946 | -67.1% |
| Trade debts | 44 | €16,931 | €6,387 | -€10,544 | -62.3% |
| Suppliers | 440/4 | €16,931 | €6,387 | -€10,544 | -62.3% |
| Taxes, remuneration and social security | 45 | €38 | €508 | +€471 | +1,251% |
| Taxes | 450/3 | €0 | €508 | +€508 | |
| Remuneration and social security | 454/9 | €38 | €0 | -€38 | -100% |
| Other amounts payable | 47/48 | €2,144 | €3,431 | +€1,287 | +60.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,377 | €0 | -€7,377 | -100% |
| Remuneration, social security and pensions | 62 | €818 | €0 | -€818 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,919 | €7,186 | -€2,732 | -27.5% |
| Other operating charges | 640/8 | €821 | €952 | +€131 | +16.0% |
| Non-recurring operating charges | 66A | €1,585 | €224 | -€1,361 | -85.9% |
| Gross operating margin | 9900 | -€9,421 | €13,463 | +€22,885 | |
| Operating profit (loss) | 9901 | -€22,564 | €5,101 | +€27,665 | |
| Financial income | 75/76B | €72 | €68 | -€5 | -6.4% |
| Recurring financial income | 75 | €72 | €68 | -€5 | -6.4% |
| Financial charges | 65/66B | €3,100 | €4,464 | +€1,364 | +44.0% |
| Recurring financial charges | 65 | €3,100 | €4,464 | +€1,364 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,592 | €704 | +€26,296 | |
| Income taxes | 67/77 | -€0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€25,592 | €704 | +€26,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,592 | €704 | +€26,296 |
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 31 October 2026 via checked.be.