RENVO: what changed
What changed
RENVO
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
€7,923
2024 · €5,886+€2,037
Equity
€81,778
2024 · €73,855+€7,923
Cash
€4,097
2024 · €7,671-€3,574
Balance sheet total
€622,741
2024 · €721,943-€99,203
Largest movements
Assets
- Tangible fixed assets -€47,340
down €47,340 (-8.3%), from €568,827 to €521,486
of which Furniture and vehicles: -€25,775
- Receivables within one year -€37,210
down €37,210 (-38.8%), from €95,823 to €58,613
of which Other amounts receivable: -€29,464
- Stocks and contracts -€10,554
down €10,554 (-22.6%), from €46,686 to €36,132
Equity and liabilities
- Debts after one year -€65,100
down €65,100 (-14.4%), from €452,528 to €387,428
- Short-term financial debts -€31,838
down €31,838 (-79.4%), from €40,074 to €8,236
- Trade debts +€10,598
up €10,598 (+59.1%), from €17,922 to €28,520
- Advances received -€9,705
down €9,705 (-31.5%), from €30,779 to €21,074
- Current portion of long-term debt -€8,870
down €8,870 (-17.2%), from €51,497 to €42,627
Income statement
- Staff costs +€11,520
up €11,520 (+8.7%), from €133,026 to €144,546
- Gross operating margin +€10,963
up €10,963 (+5.1%), from €213,691 to €224,653
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.
Result 2024
€5,886
Gross operating margin
+€10,963
Staff costs
-€11,520
Depreciation
+€982
Other operating charges
+€1,504
Financial income
-€383
Financial charges
+€1,048
Taxes
-€558
Result 2025
€7,923
raises the resultlowers the result
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.
From operations
+€103,790
Investment
-€1,555
Financing
-€105,808
Cash 2024
€7,671
From operations (derived)
+€103,790
Net result for the year
+€7,923
Depreciation
+€49,106
Stocks and contracts
+€10,554
Receivables within one year
+€37,210
Deferred charges and accrued income
+€314
Trade debts
+€10,598
Tax, wage and social debts
-€4,992
Advances received
-€9,705
Other debts
+€2,087
Accrued charges and deferred income
+€694
Investment (derived)
-€1,555
Investment in fixed assets (net)
-€1,555
Financing
-€105,808
Debts after one year
-€65,100
Current portion of long-term debt
-€8,870
Short-term financial debts
-€31,838
Cash 2025
€4,097
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €721,943 | €622,741 | -€99,203 | -13.7% |
| Fixed assets | 21/28 | €569,975 | €522,425 | -€47,550 | -8.3% |
| Intangible fixed assets | 21 | €1,018 | €808 | -€210 | -20.6% |
| Tangible fixed assets | 22/27 | €568,827 | €521,486 | -€47,340 | -8.3% |
| Land and buildings | 22 | €498,475 | €476,555 | -€21,920 | -4.4% |
| Plant, machinery and equipment | 23 | €1,793 | €2,312 | +€519 | +29.0% |
| Furniture and vehicles | 24 | €68,394 | €42,619 | -€25,775 | -37.7% |
| Other tangible fixed assets | 26 | €164 | €0 | -€164 | -100% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €151,968 | €100,316 | -€51,652 | -34.0% |
| Stocks and contracts in progress | 3 | €46,686 | €36,132 | -€10,554 | -22.6% |
| Stocks | 30/36 | €46,686 | €36,132 | -€10,554 | -22.6% |
| Amounts receivable within one year | 40/41 | €95,823 | €58,613 | -€37,210 | -38.8% |
| Trade receivables | 40 | €7,885 | €139 | -€7,746 | -98.2% |
| Other amounts receivable | 41 | €87,938 | €58,474 | -€29,464 | -33.5% |
| Cash at bank and in hand | 54/58 | €7,671 | €4,097 | -€3,574 | -46.6% |
| Deferred charges and accrued income | 490/1 | €1,788 | €1,474 | -€314 | -17.6% |
| Total equity and liabilities | 10/49 | €721,943 | €622,741 | -€99,203 | -13.7% |
| Equity | 10/15 | €73,855 | €81,778 | +€7,923 | +10.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,655 | €75,578 | +€7,923 | +11.7% |
| Distributable reserves | 133 | €67,655 | €75,578 | +€7,923 | +11.7% |
| Amounts payable | 17/49 | €648,088 | €540,963 | -€107,125 | -16.5% |
| Amounts payable after more than one year | 17 | €452,528 | €387,428 | -€65,100 | -14.4% |
| Financial debts | 170/4 | €452,528 | €387,428 | -€65,100 | -14.4% |
| Amounts payable within one year | 42/48 | €191,189 | €148,470 | -€42,719 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €51,497 | €42,627 | -€8,870 | -17.2% |
| Financial debts | 43 | €40,074 | €8,236 | -€31,838 | -79.4% |
| Credit institutions | 430/8 | €40,074 | €8,236 | -€31,838 | -79.4% |
| Trade debts | 44 | €17,922 | €28,520 | +€10,598 | +59.1% |
| Suppliers | 440/4 | €17,922 | €28,520 | +€10,598 | +59.1% |
| Advances received on contracts in progress | 46 | €30,779 | €21,074 | -€9,705 | -31.5% |
| Taxes, remuneration and social security | 45 | €15,957 | €10,965 | -€4,992 | -31.3% |
| Taxes | 450/3 | €2,946 | €185 | -€2,761 | -93.7% |
| Remuneration and social security | 454/9 | €13,011 | €10,780 | -€2,230 | -17.1% |
| Other amounts payable | 47/48 | €34,960 | €37,048 | +€2,087 | +6.0% |
| Accrued charges and deferred income | 492/3 | €4,371 | €5,065 | +€694 | +15.9% |
| Remuneration, social security and pensions | 62 | €133,026 | €144,546 | +€11,520 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,088 | €49,106 | -€982 | -2.0% |
| Other operating charges | 640/8 | €4,833 | €3,328 | -€1,504 | -31.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €213,691 | €224,653 | +€10,963 | +5.1% |
| Operating profit (loss) | 9901 | €25,744 | €27,673 | +€1,929 | +7.5% |
| Financial income | 75/76B | €393 | €10 | -€383 | -97.5% |
| Recurring financial income | 75 | €393 | €10 | -€383 | -97.5% |
| Financial charges | 65/66B | €16,348 | €15,300 | -€1,048 | -6.4% |
| Recurring financial charges | 65 | €16,348 | €15,300 | -€1,048 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €9,789 | €12,383 | +€2,594 | +26.5% |
| Income taxes | 67/77 | €3,903 | €4,460 | +€558 | +14.3% |
| Profit (loss) for the period | 9904 | €5,886 | €7,923 | +€2,037 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,886 | €7,923 | +€2,037 | +34.6% |
Next steps
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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 1 November 2026 via checked.be.