RENOVAND: 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.
RENOVAND
Largest movements
- Receivables within one year +€49,430
up €49,430 (+167%), from €29,668 to €79,098
of which Trade receivables: +€54,897
- Tangible fixed assets -€16,865
down €16,865 (-33.1%), from €50,887 to €34,022
of which Furniture and vehicles: -€16,465
- Deferred charges and accrued income +€2,677
up €2,677 (+90.6%), from €2,955 to €5,632
- Cash +€1,868
up €1,868 (+629%), from €297 to €2,165
mainly Other debts (+€37,330) and Depreciation (+€8,939)
- Other debts +€37,330
up €37,330 (+108%), from €34,572 to €71,902
- Debts after one year -€9,401
down €9,401 (-31.6%), from €29,703 to €20,302
- Trade debts +€3,692
up €3,692 (+60.1%), from €6,144 to €9,837
- Profit (loss) carried forward +€3,643
up €3,643, from -€1,551 to €2,092
- Tax, wage and social debts +€1,378
up €1,378 (+30,426%), from €5 to €1,383
- Gross operating margin +€82,198
up €82,198 (+2,690%), from €3,055 to €85,253
- Staff costs +€44,842
new in 2025: €44,842
- Depreciation +€5,188
up €5,188 (+138%), from €3,750 to €8,939
- Financial charges +€1,922
up €1,922 (+805%), from €239 to €2,160
- Taxes +€1,502
up €1,502 (+33,149%), from €5 to €1,506
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 | €83,806 | €120,917 | +€37,110 | +44.3% |
| Fixed assets | 21/28 | €50,887 | €34,022 | -€16,865 | -33.1% |
| Tangible fixed assets | 22/27 | €50,887 | €34,022 | -€16,865 | -33.1% |
| Plant, machinery and equipment | 23 | €885 | €485 | -€400 | -45.2% |
| Furniture and vehicles | 24 | €50,002 | €33,537 | -€16,465 | -32.9% |
| Current assets | 29/58 | €32,919 | €86,895 | +€53,975 | +164% |
| Amounts receivable within one year | 40/41 | €29,668 | €79,098 | +€49,430 | +167% |
| Trade receivables | 40 | €23,192 | €78,088 | +€54,897 | +237% |
| Other amounts receivable | 41 | €6,477 | €1,010 | -€5,467 | -84.4% |
| Cash at bank and in hand | 54/58 | €297 | €2,165 | +€1,868 | +629% |
| Deferred charges and accrued income | 490/1 | €2,955 | €5,632 | +€2,677 | +90.6% |
| Total equity and liabilities | 10/49 | €83,806 | €120,917 | +€37,110 | +44.3% |
| Equity | 10/15 | €4,449 | €8,092 | +€3,643 | +81.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,551 | €2,092 | +€3,643 | |
| Amounts payable | 17/49 | €79,357 | €112,825 | +€33,467 | +42.2% |
| Amounts payable after more than one year | 17 | €29,703 | €20,302 | -€9,401 | -31.6% |
| Financial debts | 170/4 | €29,703 | €20,302 | -€9,401 | -31.6% |
| Amounts payable within one year | 42/48 | €49,654 | €92,522 | +€42,868 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €8,933 | €9,401 | +€467 | +5.2% |
| Trade debts | 44 | €6,144 | €9,837 | +€3,692 | +60.1% |
| Suppliers | 440/4 | €6,144 | €9,837 | +€3,692 | +60.1% |
| Taxes, remuneration and social security | 45 | €5 | €1,383 | +€1,378 | +30,426% |
| Taxes | 450/3 | €5 | €1,383 | +€1,378 | +30,426% |
| Other amounts payable | 47/48 | €34,572 | €71,902 | +€37,330 | +108% |
| Remuneration, social security and pensions | 62 | - | €44,842 | +€44,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,750 | €8,939 | +€5,188 | +138% |
| Other operating charges | 640/8 | €810 | €948 | +€137 | +17.0% |
| Non-recurring operating charges | 66A | - | €23,216 | +€23,216 | |
| Gross operating margin | 9900 | €3,055 | €85,253 | +€82,198 | +2,690% |
| Operating profit (loss) | 9901 | -€1,505 | €7,309 | +€8,815 | |
| Financial income | 75/76B | €198 | - | -€198 | |
| Recurring financial income | 75 | €198 | - | -€198 | |
| Financial charges | 65/66B | €239 | €2,160 | +€1,922 | +805% |
| Recurring financial charges | 65 | €239 | €2,160 | +€1,922 | +805% |
| Profit (loss) for the period before taxes | 9903 | -€1,546 | €5,149 | +€6,695 | |
| Income taxes | 67/77 | €5 | €1,506 | +€1,502 | +33,149% |
| Profit (loss) for the period | 9904 | -€1,551 | €3,643 | +€5,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,551 | €3,643 | +€5,194 |
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 28 October 2026 via checked.be.