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
- Receivables within one year -€2,978
down €2,978 (-5.1%), from €58,662 to €55,684
of which Trade receivables: -€2,300
- Cash +€1,591
up €1,591 (+63.6%), from €2,502 to €4,093
mainly Receivables within one year (+€2,978) and Net result for the year (+€1,291)
- Trade debts -€2,678
down €2,678 (-84.4%), from €3,173 to €495
- Profit (loss) carried forward +€1,291
up €1,291 (+3.0%), from €43,731 to €45,022
- Gross operating margin +€11,240
up €11,240, from -€8,641 to €2,599
- Financial charges +€327
up €327 (+34.4%), from €950 to €1,277
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 | €61,164 | €59,777 | -€1,387 | -2.3% |
| Current assets | 29/58 | €61,164 | €59,777 | -€1,387 | -2.3% |
| Amounts receivable within one year | 40/41 | €58,662 | €55,684 | -€2,978 | -5.1% |
| Trade receivables | 40 | €43,818 | €41,518 | -€2,300 | -5.2% |
| Other amounts receivable | 41 | €14,844 | €14,166 | -€678 | -4.6% |
| Cash at bank and in hand | 54/58 | €2,502 | €4,093 | +€1,591 | +63.6% |
| Total equity and liabilities | 10/49 | €61,164 | €59,777 | -€1,387 | -2.3% |
| Equity | 10/15 | €57,991 | €59,282 | +€1,291 | +2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,731 | €45,022 | +€1,291 | +3.0% |
| Amounts payable | 17/49 | €3,173 | €495 | -€2,678 | -84.4% |
| Amounts payable within one year | 42/48 | €3,173 | €495 | -€2,678 | -84.4% |
| Trade debts | 44 | €3,173 | €495 | -€2,678 | -84.4% |
| Suppliers | 440/4 | €3,173 | €495 | -€2,678 | -84.4% |
| Other operating charges | 640/8 | €148 | €148 | = | 0.0% |
| Gross operating margin | 9900 | -€8,641 | €2,599 | +€11,240 | |
| Operating profit (loss) | 9901 | -€8,789 | €2,451 | +€11,240 | |
| Financial income | 75/76B | €58 | €117 | +€59 | +102% |
| Recurring financial income | 75 | €58 | €117 | +€59 | +102% |
| Financial charges | 65/66B | €950 | €1,277 | +€327 | +34.4% |
| Recurring financial charges | 65 | €950 | €1,277 | +€327 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,681 | €1,291 | +€10,972 | |
| Profit (loss) for the period | 9904 | -€9,681 | €1,291 | +€10,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,681 | €1,291 | +€10,972 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.