RenoV-Project: 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-Project
Largest movements
- Cash +€14,673
up €14,673 (+413%), from €3,551 to €18,225
mainly Trade debts (+€22,706) and Advances received (+€13,310)
- Receivables within one year +€12,016
up €12,016 (+57.1%), from €21,036 to €33,052
of which Trade receivables: +€6,521
- Tangible fixed assets -€7,735
down €7,735 (-34.7%), from €22,301 to €14,567
- Trade debts +€22,706
up €22,706 (+295%), from €7,691 to €30,397
- Advances received +€13,310
new in 2025: €13,310
- Tax, wage and social debts -€6,781
down €6,781 (-39.8%), from €17,054 to €10,273
- Reserves -€5,559
down €5,559 (-100%), from €5,559 to €0
- Debts after one year -€4,481
down €4,481 (-62.7%), from €7,151 to €2,670
- Other operating charges +€5,375
up €5,375 (+910%), from €591 to €5,966
- Financial charges +€5,216
up €5,216 (+271%), from €1,928 to €7,144
- Gross operating margin -€3,612
down €3,612 (-8.5%), from €42,327 to €38,715
- Taxes -€1,329
down €1,329 (-17.6%), from €7,570 to €6,241
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 | €47,348 | €66,391 | +€19,042 | +40.2% |
| Fixed assets | 21/28 | €22,301 | €14,567 | -€7,735 | -34.7% |
| Tangible fixed assets | 22/27 | €22,301 | €14,567 | -€7,735 | -34.7% |
| Plant, machinery and equipment | 23 | €5,032 | €2,232 | -€2,800 | -55.6% |
| Furniture and vehicles | 24 | €8,423 | €5,516 | -€2,908 | -34.5% |
| Other tangible fixed assets | 26 | €8,846 | €6,819 | -€2,027 | -22.9% |
| Current assets | 29/58 | €25,047 | €51,824 | +€26,777 | +107% |
| Amounts receivable within one year | 40/41 | €21,036 | €33,052 | +€12,016 | +57.1% |
| Trade receivables | 40 | €21,036 | €27,556 | +€6,521 | +31.0% |
| Other amounts receivable | 41 | €0 | €5,496 | +€5,496 | |
| Cash at bank and in hand | 54/58 | €3,551 | €18,225 | +€14,673 | +413% |
| Deferred charges and accrued income | 490/1 | €460 | €547 | +€87 | +19.0% |
| Total equity and liabilities | 10/49 | €47,348 | €66,391 | +€19,042 | +40.2% |
| Equity | 10/15 | €8,059 | €2,500 | -€5,559 | -69.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,559 | €0 | -€5,559 | -100% |
| Distributable reserves | 133 | €5,559 | €0 | -€5,559 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,289 | €63,891 | +€24,602 | +62.6% |
| Amounts payable after more than one year | 17 | €7,151 | €2,670 | -€4,481 | -62.7% |
| Financial debts | 170/4 | €7,151 | €2,670 | -€4,481 | -62.7% |
| Amounts payable within one year | 42/48 | €31,367 | €60,822 | +€29,455 | +93.9% |
| Current portion of amounts payable after more than one year | 42 | €4,843 | €4,481 | -€362 | -7.5% |
| Financial debts | 43 | €1,779 | €2,361 | +€582 | +32.7% |
| Credit institutions | 430/8 | €1,779 | €2,361 | +€582 | +32.7% |
| Trade debts | 44 | €7,691 | €30,397 | +€22,706 | +295% |
| Suppliers | 440/4 | €7,691 | €30,397 | +€22,706 | +295% |
| Advances received on contracts in progress | 46 | - | €13,310 | +€13,310 | |
| Taxes, remuneration and social security | 45 | €17,054 | €10,273 | -€6,781 | -39.8% |
| Taxes | 450/3 | €17,054 | €10,273 | -€6,781 | -39.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €772 | €400 | -€372 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,921 | €7,735 | -€186 | -2.4% |
| Other operating charges | 640/8 | €591 | €5,966 | +€5,375 | +910% |
| Gross operating margin | 9900 | €42,327 | €38,715 | -€3,612 | -8.5% |
| Operating profit (loss) | 9901 | €33,815 | €25,015 | -€8,801 | -26.0% |
| Financial income | 75/76B | €1 | €123 | +€122 | +21,072% |
| Recurring financial income | 75 | €1 | €123 | +€122 | +21,072% |
| Financial charges | 65/66B | €1,928 | €7,144 | +€5,216 | +271% |
| Recurring financial charges | 65 | €1,928 | €7,144 | +€5,216 | +271% |
| Profit (loss) for the period before taxes | 9903 | €31,888 | €17,993 | -€13,895 | -43.6% |
| Income taxes | 67/77 | €7,570 | €6,241 | -€1,329 | -17.6% |
| Profit (loss) for the period | 9904 | €24,318 | €11,752 | -€12,566 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,318 | €11,752 | -€12,566 | -51.7% |
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 13 October 2026 via checked.be.