RENOVCONSTRUCT J et D: 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.
RENOVCONSTRUCT J et D
Largest movements
- Receivables within one year -€116,167
down €116,167 (-28.6%), from €406,396 to €290,229
of which Trade receivables: -€111,274
- Tangible fixed assets +€59,851
up €59,851 (+29.5%), from €203,074 to €262,925
of which Land and buildings: +€31,798
- Cash +€22,860
up €22,860 (+15.2%), from €150,041 to €172,901
mainly Receivables within one year (+€116,167) and Depreciation (+€58,475)
- Trade debts -€56,565
down €56,565 (-67.4%), from €83,904 to €27,339
- Reserves +€32,782
up €32,782 (+4.0%), from €810,947 to €843,729
of which Distributable reserves: +€32,782
- Debts after one year -€24,468
down €24,468 (-58.0%), from €42,154 to €17,686
- Gross operating margin +€29,163
up €29,163 (+31.5%), from €92,649 to €121,812
- Other operating charges +€16,380
up €16,380 (+363%), from €4,513 to €20,894
- Taxes +€9,276
up €9,276, from -€2,699 to €6,577
- Depreciation +€1,251
up €1,251 (+2.2%), from €57,224 to €58,475
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 | €1,096,292 | €1,056,401 | -€39,892 | -3.6% |
| Fixed assets | 21/28 | €203,074 | €262,925 | +€59,851 | +29.5% |
| Tangible fixed assets | 22/27 | €203,074 | €262,925 | +€59,851 | +29.5% |
| Land and buildings | 22 | €172,754 | €204,552 | +€31,798 | +18.4% |
| Plant, machinery and equipment | 23 | €9,089 | €25,926 | +€16,837 | +185% |
| Furniture and vehicles | 24 | €824 | €202 | -€622 | -75.5% |
| Leasing and similar rights | 25 | €20,407 | €32,245 | +€11,838 | +58.0% |
| Current assets | 29/58 | €893,218 | €793,475 | -€99,743 | -11.2% |
| Stocks and contracts in progress | 3 | €330,063 | €330,063 | = | 0.0% |
| Stocks | 30/36 | €330,063 | €330,063 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €406,396 | €290,229 | -€116,167 | -28.6% |
| Trade receivables | 40 | €347,824 | €236,550 | -€111,274 | -32.0% |
| Other amounts receivable | 41 | €58,573 | €53,680 | -€4,893 | -8.4% |
| Cash at bank and in hand | 54/58 | €150,041 | €172,901 | +€22,860 | +15.2% |
| Deferred charges and accrued income | 490/1 | €6,718 | €282 | -€6,435 | -95.8% |
| Total equity and liabilities | 10/49 | €1,096,292 | €1,056,401 | -€39,892 | -3.6% |
| Equity | 10/15 | €829,547 | €862,329 | +€32,782 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €810,947 | €843,729 | +€32,782 | +4.0% |
| 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 | €809,087 | €841,869 | +€32,782 | +4.1% |
| Amounts payable | 17/49 | €266,745 | €194,072 | -€72,673 | -27.2% |
| Amounts payable after more than one year | 17 | €42,154 | €17,686 | -€24,468 | -58.0% |
| Financial debts | 170/4 | €42,154 | €17,686 | -€24,468 | -58.0% |
| Amounts payable within one year | 42/48 | €224,591 | €176,386 | -€48,205 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €26,960 | €27,866 | +€906 | +3.4% |
| Trade debts | 44 | €83,904 | €27,339 | -€56,565 | -67.4% |
| Suppliers | 440/4 | €83,904 | €27,339 | -€56,565 | -67.4% |
| Taxes, remuneration and social security | 45 | €3,049 | €562 | -€2,487 | -81.6% |
| Taxes | 450/3 | €3,049 | €562 | -€2,487 | -81.6% |
| Other amounts payable | 47/48 | €110,678 | €120,619 | +€9,941 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,224 | €58,475 | +€1,251 | +2.2% |
| Other operating charges | 640/8 | €4,513 | €20,894 | +€16,380 | +363% |
| Gross operating margin | 9900 | €92,649 | €121,812 | +€29,163 | +31.5% |
| Operating profit (loss) | 9901 | €30,912 | €42,444 | +€11,532 | +37.3% |
| Financial income | 75/76B | €3 | €13 | +€10 | +360% |
| Recurring financial income | 75 | €3 | €13 | +€10 | +360% |
| Financial charges | 65/66B | €4,225 | €3,098 | -€1,127 | -26.7% |
| Recurring financial charges | 65 | €4,225 | €3,098 | -€1,127 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €26,690 | €39,358 | +€12,668 | +47.5% |
| Income taxes | 67/77 | -€2,699 | €6,577 | +€9,276 | |
| Profit (loss) for the period | 9904 | €29,389 | €32,782 | +€3,393 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,389 | €32,782 | +€3,393 | +11.5% |
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.