Renovatio: 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.
Renovatio
Largest movements
- Receivables within one year +€69,222
up €69,222 (+231%), from €29,963 to €99,185
of which Trade receivables: +€69,248
- Cash -€25,224
down €25,224 (-93.4%), from €27,007 to €1,783
mainly Receivables within one year (-€69,222) and Other debts (-€12,005)
- Profit (loss) carried forward +€33,075
up €33,075 (+322%), from €10,280 to €43,355
- Other debts -€12,005
down €12,005 (-97.1%), from €12,365 to €360
- Trade debts +€11,640
up €11,640 (+36.6%), from €31,805 to €43,445
- Tax, wage and social debts +€8,056
up €8,056 (+122%), from €6,606 to €14,662
- Gross operating margin +€40,456
up €40,456 (+257%), from €15,767 to €56,222
- Taxes +€11,420
up €11,420 (+263%), from €4,335 to €15,755
- Other operating charges +€1,179
up €1,179 (+187%), from €631 to €1,810
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 | €63,121 | €104,888 | +€41,767 | +66.2% |
| Fixed assets | 21/28 | €1,807 | €1,358 | -€449 | -24.9% |
| Tangible fixed assets | 22/27 | €1,807 | €1,358 | -€449 | -24.9% |
| Furniture and vehicles | 24 | €1,807 | €1,358 | -€449 | -24.9% |
| Current assets | 29/58 | €61,314 | €103,530 | +€42,216 | +68.9% |
| Stocks and contracts in progress | 3 | €2,005 | €1,205 | -€800 | -39.9% |
| Stocks | 30/36 | €1,005 | €1,205 | +€200 | +19.9% |
| Contracts in progress | 37 | €1,000 | €0 | -€1,000 | -100% |
| Amounts receivable within one year | 40/41 | €29,963 | €99,185 | +€69,222 | +231% |
| Trade receivables | 40 | €29,611 | €98,859 | +€69,248 | +234% |
| Other amounts receivable | 41 | €352 | €325 | -€26 | -7.5% |
| Cash at bank and in hand | 54/58 | €27,007 | €1,783 | -€25,224 | -93.4% |
| Deferred charges and accrued income | 490/1 | €2,339 | €1,358 | -€982 | -42.0% |
| Total equity and liabilities | 10/49 | €63,121 | €104,888 | +€41,767 | +66.2% |
| Equity | 10/15 | €12,280 | €45,355 | +€33,075 | +269% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,280 | €43,355 | +€33,075 | +322% |
| Amounts payable | 17/49 | €50,841 | €59,533 | +€8,692 | +17.1% |
| Amounts payable within one year | 42/48 | €50,776 | €58,466 | +€7,691 | +15.1% |
| Trade debts | 44 | €31,805 | €43,445 | +€11,640 | +36.6% |
| Suppliers | 440/4 | €31,805 | €43,445 | +€11,640 | +36.6% |
| Taxes, remuneration and social security | 45 | €6,606 | €14,662 | +€8,056 | +122% |
| Taxes | 450/3 | €6,606 | €14,662 | +€8,056 | +122% |
| Other amounts payable | 47/48 | €12,365 | €360 | -€12,005 | -97.1% |
| Accrued charges and deferred income | 492/3 | €66 | €1,067 | +€1,001 | +1,524% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439 | €449 | +€10 | +2.2% |
| Other operating charges | 640/8 | €631 | €1,810 | +€1,179 | +187% |
| Gross operating margin | 9900 | €15,767 | €56,222 | +€40,456 | +257% |
| Operating profit (loss) | 9901 | €14,696 | €53,963 | +€39,266 | +267% |
| Financial income | 75/76B | €44 | €0 | -€44 | -100% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100% |
| Financial charges | 65/66B | €125 | €133 | +€8 | +6.4% |
| Recurring financial charges | 65 | €125 | €133 | +€8 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €14,616 | €53,830 | +€39,214 | +268% |
| Income taxes | 67/77 | €4,335 | €15,755 | +€11,420 | +263% |
| Profit (loss) for the period | 9904 | €10,280 | €38,075 | +€27,795 | +270% |
| Profit (loss) for the period to be appropriated | 9905 | €10,280 | €38,075 | +€27,795 | +270% |
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 17 October 2026 via checked.be.