RENOVATE PRO: 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.
RENOVATE PRO
Largest movements
- Tangible fixed assets +€27,709
up €27,709 (+185%), from €14,999 to €42,708
of which Furniture and vehicles: +€28,292
- Cash -€3,768
down €3,768 (-41.3%), from €9,117 to €5,350
mainly Investment in fixed assets (net) (-€34,095) and Trade debts (-€6,968)
- Receivables within one year -€1,448
down €1,448 (-25.2%), from €5,745 to €4,297
of which Trade receivables: -€2,368
- Other debts +€24,896
new in 2025: €24,896
- Trade debts -€6,968
down €6,968 (-55.0%), from €12,659 to €5,691
- Profit (loss) carried forward +€3,891
up €3,891 (+31.5%), from €12,360 to €16,251
- Tax, wage and social debts +€1,909
up €1,909 (+60.4%), from €3,161 to €5,070
- Advances received -€1,483
no longer reported in 2025 (was €1,483)
- Depreciation +€5,220
up €5,220 (+448%), from €1,166 to €6,386
- Gross operating margin -€3,535
down €3,535 (-21.0%), from €16,816 to €13,282
- Taxes -€1,532
down €1,532 (-48.5%), from €3,161 to €1,629
- Financial charges +€837
up €837 (+1,586%), from €53 to €890
- Other operating charges +€440
up €440 (+938%), from €47 to €487
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 | €30,663 | €52,907 | +€22,244 | +72.5% |
| Fixed assets | 21/28 | €15,089 | €42,798 | +€27,709 | +184% |
| Tangible fixed assets | 22/27 | €14,999 | €42,708 | +€27,709 | +185% |
| Plant, machinery and equipment | 23 | €991 | €408 | -€583 | -58.8% |
| Furniture and vehicles | 24 | €14,008 | €42,300 | +€28,292 | +202% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €15,574 | €10,109 | -€5,465 | -35.1% |
| Amounts receivable within one year | 40/41 | €5,745 | €4,297 | -€1,448 | -25.2% |
| Trade receivables | 40 | €5,745 | €3,377 | -€2,368 | -41.2% |
| Other amounts receivable | 41 | €0 | €920 | +€920 | |
| Cash at bank and in hand | 54/58 | €9,117 | €5,350 | -€3,768 | -41.3% |
| Deferred charges and accrued income | 490/1 | €712 | €462 | -€250 | -35.1% |
| Total equity and liabilities | 10/49 | €30,663 | €52,907 | +€22,244 | +72.5% |
| Equity | 10/15 | €13,360 | €17,251 | +€3,891 | +29.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,360 | €16,251 | +€3,891 | +31.5% |
| Amounts payable | 17/49 | €17,303 | €35,657 | +€18,353 | +106% |
| Amounts payable within one year | 42/48 | €17,303 | €35,657 | +€18,353 | +106% |
| Trade debts | 44 | €12,659 | €5,691 | -€6,968 | -55.0% |
| Suppliers | 440/4 | €12,659 | €5,691 | -€6,968 | -55.0% |
| Advances received on contracts in progress | 46 | €1,483 | - | -€1,483 | |
| Taxes, remuneration and social security | 45 | €3,161 | €5,070 | +€1,909 | +60.4% |
| Taxes | 450/3 | €3,161 | €5,070 | +€1,909 | +60.4% |
| Other amounts payable | 47/48 | - | €24,896 | +€24,896 | |
| Remuneration, social security and pensions | 62 | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,166 | €6,386 | +€5,220 | +448% |
| Other operating charges | 640/8 | €47 | €487 | +€440 | +938% |
| Gross operating margin | 9900 | €16,816 | €13,282 | -€3,535 | -21.0% |
| Operating profit (loss) | 9901 | €15,573 | €6,409 | -€9,165 | -58.8% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,060% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,060% |
| Financial charges | 65/66B | €53 | €890 | +€837 | +1,586% |
| Recurring financial charges | 65 | €53 | €890 | +€837 | +1,586% |
| Profit (loss) for the period before taxes | 9903 | €15,521 | €5,520 | -€10,001 | -64.4% |
| Income taxes | 67/77 | €3,161 | €1,629 | -€1,532 | -48.5% |
| Profit (loss) for the period | 9904 | €12,360 | €3,891 | -€8,469 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,360 | €3,891 | -€8,469 | -68.5% |
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 20 October 2026 via checked.be.