SK RENOV: what changed
SK RENOV
Largest movements
- Receivables within one year +€17,470
up €17,470 (+194%), from €9,024 to €26,494
of which Trade receivables: +€9,350
- Cash -€5,285
no longer reported in 2025 (was €5,285)
mainly Receivables within one year (-€17,470) and Other debts (-€4,737)
- Current investments +€3,267
new in 2025: €3,267
- Tangible fixed assets -€1,110
down €1,110 (-20.9%), from €5,317 to €4,207
- Profit (loss) carried forward +€13,446
up €13,446 (+228%), from €5,887 to €19,333
- Tax, wage and social debts +€4,912
up €4,912 (+334%), from €1,472 to €6,384
- Other debts -€4,737
no longer reported in 2025 (was €4,737)
- Trade debts +€745
up €745 (+8.4%), from €8,848 to €9,593
- Gross operating margin +€13,085
up €13,085 (+160%), from €8,162 to €21,247
- Taxes +€3,482
up €3,482 (+237%), from €1,472 to €4,954
- Depreciation +€1,452
up €1,452 (+301%), from €483 to €1,935
- Other operating charges +€531
up €531 (+214%), from €248 to €779
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,944 | €35,310 | +€14,366 | +68.6% |
| Fixed assets | 21/28 | €5,317 | €4,207 | -€1,110 | -20.9% |
| Tangible fixed assets | 22/27 | €5,317 | €4,207 | -€1,110 | -20.9% |
| Furniture and vehicles | 24 | €5,317 | €4,207 | -€1,110 | -20.9% |
| Current assets | 29/58 | €15,627 | €31,103 | +€15,476 | +99.0% |
| Amounts receivable within one year | 40/41 | €9,024 | €26,494 | +€17,470 | +194% |
| Trade receivables | 40 | €8,387 | €17,737 | +€9,350 | +111% |
| Other amounts receivable | 41 | €637 | €8,757 | +€8,120 | +1,275% |
| Current investments | 50/53 | - | €3,267 | +€3,267 | |
| Cash at bank and in hand | 54/58 | €5,285 | - | -€5,285 | |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,342 | +€24 | +1.8% |
| Total equity and liabilities | 10/49 | €20,944 | €35,310 | +€14,366 | +68.6% |
| Equity | 10/15 | €5,887 | €19,333 | +€13,446 | +228% |
| Profit (loss) carried forward | 14 | €5,887 | €19,333 | +€13,446 | +228% |
| Amounts payable | 17/49 | €15,057 | €15,977 | +€920 | +6.1% |
| Amounts payable within one year | 42/48 | €15,057 | €15,977 | +€920 | +6.1% |
| Trade debts | 44 | €8,848 | €9,593 | +€745 | +8.4% |
| Suppliers | 440/4 | €8,848 | €9,593 | +€745 | +8.4% |
| Taxes, remuneration and social security | 45 | €1,472 | €6,384 | +€4,912 | +334% |
| Taxes | 450/3 | €1,472 | €6,384 | +€4,912 | +334% |
| Other amounts payable | 47/48 | €4,737 | - | -€4,737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €483 | €1,935 | +€1,452 | +301% |
| Other operating charges | 640/8 | €248 | €779 | +€531 | +214% |
| Gross operating margin | 9900 | €8,162 | €21,247 | +€13,085 | +160% |
| Operating profit (loss) | 9901 | €7,431 | €18,533 | +€11,102 | +149% |
| Financial charges | 65/66B | €72 | €132 | +€60 | +83.3% |
| Recurring financial charges | 65 | €72 | €132 | +€60 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €7,359 | €18,401 | +€11,042 | +150% |
| Income taxes | 67/77 | €1,472 | €4,954 | +€3,482 | +237% |
| Profit (loss) for the period | 9904 | €5,887 | €13,447 | +€7,560 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €5,887 | €13,447 | +€7,560 | +128% |
Next steps
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 5 November 2026 via checked.be.