Renovazed: 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.
Renovazed
Largest movements
- Receivables within one year +€29,707
up €29,707 (+60.6%), from €49,052 to €78,759
of which Trade receivables: +€15,519
- Tangible fixed assets +€24,637
up €24,637 (+42.9%), from €57,420 to €82,057
of which Furniture and vehicles: +€31,346
- Cash -€4,613
down €4,613 (-9.3%), from €49,573 to €44,960
mainly Investment in fixed assets (net) (-€41,174) and Receivables within one year (-€29,707)
- Trade debts +€31,963
up €31,963 (+384%), from €8,318 to €40,281
- Debts after one year +€19,864
up €19,864 (+365%), from €5,443 to €25,307
- Other debts -€13,486
down €13,486 (-51.9%), from €25,968 to €12,482
- Current portion of long-term debt +€8,658
up €8,658 (+119%), from €7,257 to €15,915
- Profit (loss) carried forward +€4,864
up €4,864 (+5.0%), from €96,994 to €101,858
- Gross operating margin +€25,176
up €25,176 (+128%), from €19,692 to €44,868
- Taxes +€13,678
up €13,678 (+1,680%), from €814 to €14,492
- Financial charges +€6,602
up €6,602 (+623%), from €1,059 to €7,661
of which Financial charges: +€7,393
- Depreciation +€2,653
up €2,653 (+19.1%), from €13,884 to €16,537
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 | €156,195 | €207,749 | +€51,554 | +33.0% |
| Fixed assets | 21/28 | €57,420 | €82,057 | +€24,637 | +42.9% |
| Tangible fixed assets | 22/27 | €57,420 | €82,057 | +€24,637 | +42.9% |
| Land and buildings | 22 | €34,569 | €33,097 | -€1,472 | -4.3% |
| Plant, machinery and equipment | 23 | €5,832 | €595 | -€5,237 | -89.8% |
| Furniture and vehicles | 24 | €17,019 | €48,365 | +€31,346 | +184% |
| Current assets | 29/58 | €98,775 | €125,692 | +€26,917 | +27.3% |
| Amounts receivable within one year | 40/41 | €49,052 | €78,759 | +€29,707 | +60.6% |
| Trade receivables | 40 | €49,052 | €64,571 | +€15,519 | +31.6% |
| Other amounts receivable | 41 | - | €14,188 | +€14,188 | |
| Cash at bank and in hand | 54/58 | €49,573 | €44,960 | -€4,613 | -9.3% |
| Deferred charges and accrued income | 490/1 | €150 | €1,973 | +€1,823 | +1,215% |
| Total equity and liabilities | 10/49 | €156,195 | €207,749 | +€51,554 | +33.0% |
| Equity | 10/15 | €105,250 | €110,114 | +€4,864 | +4.6% |
| Contributions | 10/11 | €6,266 | €6,266 | = | 0.0% |
| Contributions outside capital | 11 | €6,266 | - | -€6,266 | |
| Other | 1109/19 | €6,266 | - | -€6,266 | |
| Reserves | 13 | €1,990 | €1,990 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,990 | - | -€1,990 | |
| Reserves not available under the articles | 1311 | €1,990 | - | -€1,990 | |
| Distributable reserves | 133 | - | €1,990 | +€1,990 | |
| Profit (loss) carried forward | 14 | €96,994 | €101,858 | +€4,864 | +5.0% |
| Amounts payable | 17/49 | €50,945 | €97,635 | +€46,690 | +91.6% |
| Amounts payable after more than one year | 17 | €5,443 | €25,307 | +€19,864 | +365% |
| Financial debts | 170/4 | €5,443 | €25,307 | +€19,864 | +365% |
| Amounts payable within one year | 42/48 | €45,502 | €72,328 | +€26,826 | +59.0% |
| Current portion of amounts payable after more than one year | 42 | €7,257 | €15,915 | +€8,658 | +119% |
| Trade debts | 44 | €8,318 | €40,281 | +€31,963 | +384% |
| Suppliers | 440/4 | €8,318 | €40,281 | +€31,963 | +384% |
| Taxes, remuneration and social security | 45 | €3,959 | €3,650 | -€309 | -7.8% |
| Taxes | 450/3 | €2,759 | €1,450 | -€1,309 | -47.4% |
| Remuneration and social security | 454/9 | €1,200 | €2,200 | +€1,000 | +83.3% |
| Other amounts payable | 47/48 | €25,968 | €12,482 | -€13,486 | -51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,884 | €16,537 | +€2,653 | +19.1% |
| Other operating charges | 640/8 | €1,162 | €1,314 | +€152 | +13.1% |
| Gross operating margin | 9900 | €19,692 | €44,868 | +€25,176 | +128% |
| Operating profit (loss) | 9901 | €4,646 | €27,017 | +€22,371 | +482% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €1,059 | €7,661 | +€6,602 | +623% |
| Recurring financial charges | 65 | €268 | €7,661 | +€7,393 | +2,759% |
| Non-recurring financial charges | 66B | €791 | - | -€791 | |
| Profit (loss) for the period before taxes | 9903 | €3,623 | €19,356 | +€15,733 | +434% |
| Income taxes | 67/77 | €814 | €14,492 | +€13,678 | +1,680% |
| Profit (loss) for the period | 9904 | €2,809 | €4,864 | +€2,055 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,809 | €4,864 | +€2,055 | +73.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.