Renovest: 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.
Renovest
Largest movements
- Receivables within one year +€282,499
up €282,499 (+369%), from €76,544 to €359,043
of which Trade receivables: +€279,221
- Cash +€77,214
up €77,214 (+26.6%), from €289,859 to €367,073
mainly Advances received (+€310,297) and Depreciation (+€85,824)
- Tangible fixed assets -€64,845
down €64,845 (-21.9%), from €296,662 to €231,817
of which Land and buildings: -€35,885
- Deferred charges and accrued income +€10,587
new in 2025: €10,587
- Advances received +€310,297
new in 2025: €310,297
- Trade debts -€27,443
down €27,443 (-23.2%), from €118,268 to €90,826
- Other debts +€19,139
up €19,139 (+25.6%), from €74,834 to €93,973
- Profit (loss) carried forward +€17,532
up €17,532 (+4.5%), from €387,278 to €404,810
- Tax, wage and social debts -€14,072
down €14,072 (-19.9%), from €70,618 to €56,546
of which Taxes: -€10,756
- Staff costs +€28,998
up €28,998 (+16.2%), from €179,179 to €208,177
- Gross operating margin -€7,316
down €7,316 (-2.1%), from €341,784 to €334,468
- Taxes -€6,168
down €6,168 (-32.2%), from €19,156 to €12,989
- Financial charges +€3,517
up €3,517 (+170%), from €2,067 to €5,584
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 | €665,258 | €970,712 | +€305,454 | +45.9% |
| Fixed assets | 21/28 | €296,662 | €231,817 | -€64,845 | -21.9% |
| Tangible fixed assets | 22/27 | €296,662 | €231,817 | -€64,845 | -21.9% |
| Land and buildings | 22 | €205,344 | €169,459 | -€35,885 | -17.5% |
| Plant, machinery and equipment | 23 | €49,595 | €38,294 | -€11,301 | -22.8% |
| Furniture and vehicles | 24 | €41,723 | €24,064 | -€17,660 | -42.3% |
| Current assets | 29/58 | €368,596 | €738,895 | +€370,299 | +100% |
| Stocks and contracts in progress | 3 | €2,192 | €2,192 | = | 0.0% |
| Stocks | 30/36 | €2,192 | €2,192 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,544 | €359,043 | +€282,499 | +369% |
| Trade receivables | 40 | €67,961 | €347,182 | +€279,221 | +411% |
| Other amounts receivable | 41 | €8,584 | €11,861 | +€3,277 | +38.2% |
| Cash at bank and in hand | 54/58 | €289,859 | €367,073 | +€77,214 | +26.6% |
| Deferred charges and accrued income | 490/1 | - | €10,587 | +€10,587 | |
| Total equity and liabilities | 10/49 | €665,258 | €970,712 | +€305,454 | +45.9% |
| Equity | 10/15 | €401,538 | €419,070 | +€17,532 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387,278 | €404,810 | +€17,532 | +4.5% |
| Amounts payable | 17/49 | €263,720 | €551,642 | +€287,922 | +109% |
| Amounts payable within one year | 42/48 | €263,720 | €551,642 | +€287,922 | +109% |
| Trade debts | 44 | €118,268 | €90,826 | -€27,443 | -23.2% |
| Suppliers | 440/4 | €118,268 | €90,826 | -€27,443 | -23.2% |
| Advances received on contracts in progress | 46 | - | €310,297 | +€310,297 | |
| Taxes, remuneration and social security | 45 | €70,618 | €56,546 | -€14,072 | -19.9% |
| Taxes | 450/3 | €42,932 | €32,175 | -€10,756 | -25.1% |
| Remuneration and social security | 454/9 | €27,686 | €24,371 | -€3,315 | -12.0% |
| Other amounts payable | 47/48 | €74,834 | €93,973 | +€19,139 | +25.6% |
| Remuneration, social security and pensions | 62 | €179,179 | €208,177 | +€28,998 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,108 | €85,824 | -€1,284 | -1.5% |
| Other operating charges | 640/8 | €3,706 | €3,882 | +€176 | +4.7% |
| Gross operating margin | 9900 | €341,784 | €334,468 | -€7,316 | -2.1% |
| Operating profit (loss) | 9901 | €71,790 | €36,585 | -€35,205 | -49.0% |
| Financial income | 75/76B | €666 | €1,237 | +€571 | +85.8% |
| Recurring financial income | 75 | €666 | €1,237 | +€571 | +85.8% |
| Financial charges | 65/66B | €2,067 | €5,584 | +€3,517 | +170% |
| Recurring financial charges | 65 | €2,067 | €5,584 | +€3,517 | +170% |
| Profit (loss) for the period before taxes | 9903 | €70,389 | €32,238 | -€38,151 | -54.2% |
| Income taxes | 67/77 | €19,156 | €12,989 | -€6,168 | -32.2% |
| Profit (loss) for the period | 9904 | €51,233 | €19,250 | -€31,983 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,233 | €19,250 | -€31,983 | -62.4% |
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 25 October 2026 via checked.be.