RENOVE CONCEPT: 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.
RENOVE CONCEPT
Largest movements
- Receivables within one year +€492,829
up €492,829 (+84.3%), from €584,929 to €1.1m
of which Trade receivables: +€461,660
- Cash -€127,738
no longer reported in 2025 (was €127,738)
mainly Receivables within one year (-€492,829) and Investment in fixed assets (net) (-€16,723)
- Tangible fixed assets -€13,247
down €13,247 (-17.3%), from €76,404 to €63,158
of which Furniture and vehicles: -€12,125
- Stocks and contracts +€12,650
up €12,650 (+330%), from €3,830 to €16,480
- Trade debts +€106,645
up €106,645 (+391%), from €27,253 to €133,898
- Tax, wage and social debts +€106,367
up €106,367 (+280%), from €38,050 to €144,417
of which Taxes: +€62,902
- Reserves +€100,000
up €100,000 (+37.5%), from €266,500 to €366,500
of which Distributable reserves: +€100,000
- Current portion of long-term debt +€18,867
up €18,867 (+149%), from €12,692 to €31,559
- Other debts +€18,259
up €18,259 (+2,936%), from €622 to €18,880
- Staff costs +€105,138
up €105,138 (+40.3%), from €260,758 to €365,895
- Gross operating margin +€54,336
up €54,336 (+11.0%), from €496,023 to €550,359
- Taxes -€15,314
down €15,314 (-32.3%), from €47,431 to €32,117
- Other operating charges -€10,894
down €10,894 (-69.1%), from €15,755 to €4,862
- Financial charges +€10,287
up €10,287 (+574%), from €1,792 to €12,079
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 | €792,951 | €1,163,516 | +€370,565 | +46.7% |
| Fixed assets | 21/28 | €76,454 | €63,208 | -€13,247 | -17.3% |
| Tangible fixed assets | 22/27 | €76,404 | €63,158 | -€13,247 | -17.3% |
| Land and buildings | 22 | €13,927 | €11,658 | -€2,269 | -16.3% |
| Plant, machinery and equipment | 23 | €12,740 | €24,244 | +€11,504 | +90.3% |
| Furniture and vehicles | 24 | €31,549 | €19,424 | -€12,125 | -38.4% |
| Leasing and similar rights | 25 | €18,188 | €7,831 | -€10,357 | -56.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €716,497 | €1,100,308 | +€383,811 | +53.6% |
| Stocks and contracts in progress | 3 | €3,830 | €16,480 | +€12,650 | +330% |
| Stocks | 30/36 | €3,830 | €16,480 | +€12,650 | +330% |
| Amounts receivable within one year | 40/41 | €584,929 | €1,077,758 | +€492,829 | +84.3% |
| Trade receivables | 40 | €400,254 | €861,914 | +€461,660 | +115% |
| Other amounts receivable | 41 | €184,675 | €215,844 | +€31,169 | +16.9% |
| Cash at bank and in hand | 54/58 | €127,738 | - | -€127,738 | |
| Deferred charges and accrued income | 490/1 | - | €6,070 | +€6,070 | |
| Total equity and liabilities | 10/49 | €792,951 | €1,163,516 | +€370,565 | +46.7% |
| Equity | 10/15 | €676,569 | €782,005 | +€105,437 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €266,500 | €366,500 | +€100,000 | +37.5% |
| Tax-exempt reserves | 132 | €36,500 | €36,500 | = | 0.0% |
| Distributable reserves | 133 | €230,000 | €330,000 | +€100,000 | +43.5% |
| Profit (loss) carried forward | 14 | €391,469 | €396,905 | +€5,437 | +1.4% |
| Provisions and deferred taxes | 16 | €28,857 | €28,857 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €28,857 | €28,857 | = | 0.0% |
| Pensions and similar obligations | 160 | €28,857 | €28,857 | = | 0.0% |
| Amounts payable | 17/49 | €87,525 | €352,653 | +€265,128 | +303% |
| Amounts payable after more than one year | 17 | €8,908 | €17,368 | +€8,460 | +95.0% |
| Financial debts | 170/4 | €8,908 | €17,368 | +€8,460 | +95.0% |
| Amounts payable within one year | 42/48 | €78,617 | €328,755 | +€250,138 | +318% |
| Current portion of amounts payable after more than one year | 42 | €12,692 | €31,559 | +€18,867 | +149% |
| Trade debts | 44 | €27,253 | €133,898 | +€106,645 | +391% |
| Suppliers | 440/4 | €27,253 | €133,898 | +€106,645 | +391% |
| Taxes, remuneration and social security | 45 | €38,050 | €144,417 | +€106,367 | +280% |
| Taxes | 450/3 | €34,506 | €97,408 | +€62,902 | +182% |
| Remuneration and social security | 454/9 | €3,544 | €47,009 | +€43,465 | +1,227% |
| Other amounts payable | 47/48 | €622 | €18,880 | +€18,259 | +2,936% |
| Accrued charges and deferred income | 492/3 | - | €6,531 | +€6,531 | |
| Remuneration, social security and pensions | 62 | €260,758 | €365,895 | +€105,138 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,605 | €29,969 | +€1,364 | +4.8% |
| Other operating charges | 640/8 | €15,755 | €4,862 | -€10,894 | -69.1% |
| Gross operating margin | 9900 | €496,023 | €550,359 | +€54,336 | +11.0% |
| Operating profit (loss) | 9901 | €190,905 | €149,633 | -€41,272 | -21.6% |
| Financial charges | 65/66B | €1,792 | €12,079 | +€10,287 | +574% |
| Recurring financial charges | 65 | €1,792 | €12,079 | +€10,287 | +574% |
| Profit (loss) for the period before taxes | 9903 | €189,113 | €137,553 | -€51,560 | -27.3% |
| Income taxes | 67/77 | €47,431 | €32,117 | -€15,314 | -32.3% |
| Profit (loss) for the period | 9904 | €141,682 | €105,437 | -€36,246 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,682 | €105,437 | -€36,246 | -25.6% |
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 18 October 2026 via checked.be.