RENOV-UP: 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-UP
Largest movements
- Cash -€24,847
down €24,847 (-96.4%), from €25,763 to €916
mainly Accrued charges and deferred income (-€22,774) and Receivables within one year (-€6,156)
- Receivables within one year +€6,156
up €6,156 (+310%), from €1,986 to €8,142
of which Trade receivables: +€7,022
- Tangible fixed assets +€707
up €707 (+15.9%), from €4,455 to €5,162
- Accrued charges and deferred income -€22,774
no longer reported in 2025 (was €22,774)
- Trade debts +€3,846
up €3,846 (+89.5%), from €4,296 to €8,142
- Profit (loss) carried forward +€1,236
up €1,236 (+861%), from €144 to €1,380
- Gross operating margin +€3,487
up €3,487 (+183%), from €1,904 to €5,391
- Depreciation +€1,919
up €1,919 (+311%), from €617 to €2,536
- Taxes +€432
up €432 (+145%), from €298 to €730
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 | €32,205 | €14,221 | -€17,984 | -55.8% |
| Fixed assets | 21/28 | €4,455 | €5,162 | +€707 | +15.9% |
| Tangible fixed assets | 22/27 | €4,455 | €5,162 | +€707 | +15.9% |
| Furniture and vehicles | 24 | €4,455 | €5,162 | +€707 | +15.9% |
| Current assets | 29/58 | €27,749 | €9,058 | -€18,691 | -67.4% |
| Amounts receivable within one year | 40/41 | €1,986 | €8,142 | +€6,156 | +310% |
| Trade receivables | 40 | €1,120 | €8,142 | +€7,022 | +627% |
| Other amounts receivable | 41 | €866 | - | -€866 | |
| Cash at bank and in hand | 54/58 | €25,763 | €916 | -€24,847 | -96.4% |
| Total equity and liabilities | 10/49 | €32,205 | €14,221 | -€17,984 | -55.8% |
| Equity | 10/15 | €2,144 | €3,380 | +€1,236 | +57.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144 | €1,380 | +€1,236 | +861% |
| Amounts payable | 17/49 | €30,061 | €10,841 | -€19,220 | -63.9% |
| Amounts payable within one year | 42/48 | €7,287 | €10,841 | +€3,554 | +48.8% |
| Trade debts | 44 | €4,296 | €8,142 | +€3,846 | +89.5% |
| Suppliers | 440/4 | €4,296 | €8,142 | +€3,846 | +89.5% |
| Taxes, remuneration and social security | 45 | €2,149 | €2,099 | -€50 | -2.3% |
| Taxes | 450/3 | €2,149 | €2,099 | -€50 | -2.3% |
| Other amounts payable | 47/48 | €842 | €600 | -€242 | -28.7% |
| Accrued charges and deferred income | 492/3 | €22,774 | - | -€22,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617 | €2,536 | +€1,919 | +311% |
| Gross operating margin | 9900 | €1,904 | €5,391 | +€3,487 | +183% |
| Operating profit (loss) | 9901 | €1,287 | €2,854 | +€1,568 | +122% |
| Financial charges | 65/66B | €12 | €55 | +€43 | +359% |
| Recurring financial charges | 65 | €12 | €55 | +€43 | +359% |
| Profit (loss) for the period before taxes | 9903 | €1,275 | €2,799 | +€1,525 | +120% |
| Income taxes | 67/77 | €298 | €730 | +€432 | +145% |
| Profit (loss) for the period | 9904 | €977 | €2,069 | +€1,092 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €977 | €2,069 | +€1,092 | +112% |
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.