RENOVASTYL: 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.
What changed
RENOVASTYL
NACE 43.341, Painting of buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,683
2024 · €162,268-€138,585
Equity
€323,701
2024 · €300,018+€23,683
Cash
€262,042
2024 · €261,910+€132
Balance sheet total
€475,703
2024 · €363,582+€112,121
Largest movements
Assets
- Receivables within one year +€103,003
up €103,003 (+271%), from €37,992 to €140,995
of which Other amounts receivable: +€97,545
- Tangible fixed assets -€23,122
down €23,122 (-50.5%), from €45,829 to €22,707
of which Leasing and similar rights: -€22,404
- Stocks and contracts +€21,456
up €21,456 (+132%), from €16,233 to €37,689
- Intangible fixed assets +€8,212
new in 2025: €8,212
Equity and liabilities
- Advances received +€110,774
new in 2025: €110,774
- Profit (loss) carried forward +€23,683
up €23,683 (+8.7%), from €271,558 to €295,241
- Trade debts +€19,920
up €19,920 (+503%), from €3,957 to €23,877
- Tax, wage and social debts -€19,818
down €19,818 (-99.7%), from €19,879 to €61
of which Taxes: -€15,347
- Debts after one year -€15,756
down €15,756 (-76.9%), from €20,491 to €4,735
Income statement
- Gross operating margin -€183,504
down €183,504 (-26.6%), from €688,693 to €505,189
- Taxes -€48,079
down €48,079 (-87.4%), from €55,000 to €6,921
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.
Result 2024
€162,268
Gross operating margin
-€183,504
Staff costs
-€1,055
Depreciation
+€2,742
Other operating charges
-€4,446
Other operating items
+€300
Financial income
-€1,098
Financial charges
+€397
Taxes
+€48,079
Result 2025
€23,683
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€28,763
Investment
-€6,192
Financing
-€22,438
Cash 2024
€261,910
From operations (derived)
+€28,763
Net result for the year
+€23,683
Depreciation
+€21,103
Stocks and contracts
-€21,456
Receivables within one year
-€103,003
Deferred charges and accrued income
-€2,439
Trade debts
+€19,920
Tax, wage and social debts
-€19,818
Advances received
+€110,774
Investment (derived)
-€6,192
Investment in fixed assets (net)
-€6,192
Financing
-€22,438
Debts after one year
-€15,756
Current portion of long-term debt
-€6,682
Contributions, distributions and other
-€0
Cash 2025
€262,042
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,582 | €475,703 | +€112,121 | +30.8% |
| Fixed assets | 21/28 | €47,447 | €32,537 | -€14,910 | -31.4% |
| Intangible fixed assets | 21 | - | €8,212 | +€8,212 | |
| Tangible fixed assets | 22/27 | €45,829 | €22,707 | -€23,122 | -50.5% |
| Furniture and vehicles | 24 | €8,799 | €5,235 | -€3,564 | -40.5% |
| Leasing and similar rights | 25 | €37,030 | €14,626 | -€22,404 | -60.5% |
| Other tangible fixed assets | 26 | - | €2,846 | +€2,846 | |
| Financial fixed assets | 28 | €1,618 | €1,618 | +€0 | 0.0% |
| Current assets | 29/58 | €316,135 | €443,166 | +€127,031 | +40.2% |
| Stocks and contracts in progress | 3 | €16,233 | €37,689 | +€21,456 | +132% |
| Stocks | 30/36 | €16,233 | €37,689 | +€21,456 | +132% |
| Amounts receivable within one year | 40/41 | €37,992 | €140,995 | +€103,003 | +271% |
| Trade receivables | 40 | €37,084 | €42,543 | +€5,459 | +14.7% |
| Other amounts receivable | 41 | €908 | €98,453 | +€97,545 | +10,743% |
| Cash at bank and in hand | 54/58 | €261,910 | €262,042 | +€132 | +0.1% |
| Deferred charges and accrued income | 490/1 | - | €2,439 | +€2,439 | |
| Total equity and liabilities | 10/49 | €363,582 | €475,703 | +€112,121 | +30.8% |
| Equity | 10/15 | €300,018 | €323,701 | +€23,683 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,860 | €9,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €271,558 | €295,241 | +€23,683 | +8.7% |
| Amounts payable | 17/49 | €63,564 | €152,002 | +€88,438 | +139% |
| Amounts payable after more than one year | 17 | €20,491 | €4,735 | -€15,756 | -76.9% |
| Financial debts | 170/4 | €20,491 | €4,735 | -€15,756 | -76.9% |
| Amounts payable within one year | 42/48 | €43,073 | €147,267 | +€104,194 | +242% |
| Current portion of amounts payable after more than one year | 42 | €19,237 | €12,555 | -€6,682 | -34.7% |
| Trade debts | 44 | €3,957 | €23,877 | +€19,920 | +503% |
| Suppliers | 440/4 | €3,957 | €23,877 | +€19,920 | +503% |
| Advances received on contracts in progress | 46 | - | €110,774 | +€110,774 | |
| Taxes, remuneration and social security | 45 | €19,879 | €61 | -€19,818 | -99.7% |
| Taxes | 450/3 | €15,408 | €61 | -€15,347 | -99.6% |
| Remuneration and social security | 454/9 | €4,471 | - | -€4,471 | |
| Non-recurring operating income | 76A | - | €3,890 | +€3,890 | |
| Remuneration, social security and pensions | 62 | €447,080 | €448,135 | +€1,055 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,845 | €21,103 | -€2,742 | -11.5% |
| Other operating charges | 640/8 | €2,273 | €6,719 | +€4,446 | +196% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €688,693 | €505,189 | -€183,504 | -26.6% |
| Operating profit (loss) | 9901 | €215,195 | €29,232 | -€185,963 | -86.4% |
| Financial income | 75/76B | €3,823 | €2,725 | -€1,098 | -28.7% |
| Recurring financial income | 75 | €3,823 | €2,725 | -€1,098 | -28.7% |
| Financial charges | 65/66B | €1,750 | €1,353 | -€397 | -22.7% |
| Recurring financial charges | 65 | €1,750 | €1,353 | -€397 | -22.7% |
| Non-recurring financial charges | 66B | €1,750 | - | -€1,750 | |
| Profit (loss) for the period before taxes | 9903 | €217,268 | €30,604 | -€186,664 | -85.9% |
| Income taxes | 67/77 | €55,000 | €6,921 | -€48,079 | -87.4% |
| Profit (loss) for the period | 9904 | €162,268 | €23,683 | -€138,585 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €162,268 | €23,683 | -€138,585 | -85.4% |
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 29 October 2026 via checked.be.