RENOVATOR TEAM: what changed
RENOVATOR TEAM
Largest movements
- Cash -€6,363
down €6,363 (-97.0%), from €6,559 to €195
mainly Net result for the year (-€10,581) and Investment in fixed assets (net) (-€3,949)
- Receivables within one year -€5,677
down €5,677 (-2.9%), from €192,994 to €187,317
of which Trade receivables: -€22,492
- Tangible fixed assets +€2,284
up €2,284 (+132%), from €1,724 to €4,008
of which Furniture and vehicles: +€1,537
- Profit (loss) carried forward -€10,581
down €10,581 (-8.7%), from €121,068 to €110,487
- Trade debts +€5,077
up €5,077 (+14.5%), from €35,085 to €40,162
- Current portion of long-term debt -€2,650
down €2,650 (-69.6%), from €3,807 to €1,156
- Gross operating margin -€46,314
down €46,314, from €38,731 to -€7,582
- Write-downs -€10,228
no longer reported in 2025 (was €10,228)
- Financial charges -€10,063
down €10,063, from €9,945 to -€118
- Depreciation -€9,761
down €9,761 (-85.4%), from €11,426 to €1,665
- Other operating charges -€1,562
down €1,562 (-51.8%), from €3,015 to €1,453
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €214,724 | €205,122 | -€9,603 | -4.5% |
| Fixed assets | 21/28 | €1,724 | €4,008 | +€2,284 | +132% |
| Tangible fixed assets | 22/27 | €1,724 | €4,008 | +€2,284 | +132% |
| Plant, machinery and equipment | 23 | €844 | €317 | -€528 | -62.5% |
| Furniture and vehicles | 24 | €880 | €2,417 | +€1,537 | +175% |
| Other tangible fixed assets | 26 | - | €1,274 | +€1,274 | |
| Current assets | 29/58 | €213,000 | €201,114 | -€11,886 | -5.6% |
| Stocks and contracts in progress | 3 | €12,580 | €12,580 | = | 0.0% |
| Stocks | 30/36 | €12,580 | €12,580 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €192,994 | €187,317 | -€5,677 | -2.9% |
| Trade receivables | 40 | €99,830 | €77,338 | -€22,492 | -22.5% |
| Other amounts receivable | 41 | €93,164 | €109,979 | +€16,815 | +18.0% |
| Cash at bank and in hand | 54/58 | €6,559 | €195 | -€6,363 | -97.0% |
| Deferred charges and accrued income | 490/1 | €867 | €1,021 | +€154 | +17.8% |
| Total equity and liabilities | 10/49 | €214,724 | €205,122 | -€9,603 | -4.5% |
| Equity | 10/15 | €155,235 | €144,654 | -€10,581 | -6.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,967 | €27,967 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,107 | €26,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,068 | €110,487 | -€10,581 | -8.7% |
| Amounts payable | 17/49 | €59,489 | €60,468 | +€979 | +1.6% |
| Amounts payable within one year | 42/48 | €59,489 | €60,468 | +€979 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €3,807 | €1,156 | -€2,650 | -69.6% |
| Trade debts | 44 | €35,085 | €40,162 | +€5,077 | +14.5% |
| Suppliers | 440/4 | €35,085 | €40,162 | +€5,077 | +14.5% |
| Taxes, remuneration and social security | 45 | €20,598 | €19,150 | -€1,448 | -7.0% |
| Taxes | 450/3 | €20,598 | €19,150 | -€1,448 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,426 | €1,665 | -€9,761 | -85.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,228 | - | -€10,228 | |
| Other operating charges | 640/8 | €3,015 | €1,453 | -€1,562 | -51.8% |
| Gross operating margin | 9900 | €38,731 | -€7,582 | -€46,314 | |
| Operating profit (loss) | 9901 | €14,063 | -€10,700 | -€24,763 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +3,850% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3,850% |
| Financial charges | 65/66B | €9,945 | -€118 | -€10,063 | |
| Recurring financial charges | 65 | €9,945 | -€118 | -€10,063 | |
| Profit (loss) for the period before taxes | 9903 | €4,118 | -€10,581 | -€14,699 | |
| Income taxes | 67/77 | €990 | - | -€990 | |
| Profit (loss) for the period | 9904 | €3,128 | -€10,581 | -€13,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,128 | -€10,581 | -€13,709 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.