STJ RENOV: what changed
STJ RENOV
Largest movements
- Tangible fixed assets +€210,127
up €210,127 (+2,341%), from €8,977 to €219,104
of which Land and buildings: +€210,746
- Receivables within one year -€53,916
down €53,916 (-50.1%), from €107,611 to €53,695
of which Trade receivables: -€50,502
- Cash -€5,475
down €5,475 (-4.9%), from €111,441 to €105,966
mainly Investment in fixed assets (net) (-€221,325) and Trade debts (-€27,842)
- Debts after one year +€149,821
new in 2025: €149,821
- Trade debts -€27,842
down €27,842 (-43.1%), from €64,536 to €36,694
- Current portion of long-term debt +€15,900
new in 2025: €15,900
- Reserves +€13,400
up €13,400 (+19.7%), from €68,000 to €81,400
- Gross operating margin -€42,238
down €42,238 (-17.7%), from €238,190 to €195,952
- Taxes -€24,672
down €24,672 (-93.1%), from €26,499 to €1,827
- Staff costs +€14,022
up €14,022 (+9.4%), from €148,795 to €162,817
- Depreciation +€4,660
up €4,660 (+71.3%), from €6,538 to €11,198
- Financial charges +€4,620
up €4,620 (+406%), from €1,137 to €5,758
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 | €229,354 | €381,772 | +€152,418 | +66.5% |
| Fixed assets | 21/28 | €8,977 | €219,104 | +€210,127 | +2,341% |
| Tangible fixed assets | 22/27 | €8,977 | €219,104 | +€210,127 | +2,341% |
| Land and buildings | 22 | - | €210,746 | +€210,746 | |
| Plant, machinery and equipment | 23 | €6,556 | €4,319 | -€2,237 | -34.1% |
| Furniture and vehicles | 24 | €2,421 | €4,039 | +€1,618 | +66.8% |
| Current assets | 29/58 | €220,377 | €162,668 | -€57,709 | -26.2% |
| Amounts receivable within one year | 40/41 | €107,611 | €53,695 | -€53,916 | -50.1% |
| Trade receivables | 40 | €77,309 | €26,807 | -€50,502 | -65.3% |
| Other amounts receivable | 41 | €30,302 | €26,888 | -€3,413 | -11.3% |
| Cash at bank and in hand | 54/58 | €111,441 | €105,966 | -€5,475 | -4.9% |
| Deferred charges and accrued income | 490/1 | €1,325 | €3,007 | +€1,682 | +127% |
| Total equity and liabilities | 10/49 | €229,354 | €381,772 | +€152,418 | +66.5% |
| Equity | 10/15 | €137,956 | €151,381 | +€13,426 | +9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,000 | €81,400 | +€13,400 | +19.7% |
| Distributable reserves | 133 | €68,000 | €81,400 | +€13,400 | +19.7% |
| Profit (loss) carried forward | 14 | €63,756 | €63,781 | +€26 | 0.0% |
| Amounts payable | 17/49 | €91,399 | €230,391 | +€138,993 | +152% |
| Amounts payable after more than one year | 17 | - | €149,821 | +€149,821 | |
| Financial debts | 170/4 | - | €149,821 | +€149,821 | |
| Amounts payable within one year | 42/48 | €91,399 | €80,570 | -€10,829 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | - | €15,900 | +€15,900 | |
| Trade debts | 44 | €64,536 | €36,694 | -€27,842 | -43.1% |
| Suppliers | 440/4 | €64,536 | €36,694 | -€27,842 | -43.1% |
| Taxes, remuneration and social security | 45 | €26,486 | €27,414 | +€929 | +3.5% |
| Taxes | 450/3 | €26,486 | €27,414 | +€929 | +3.5% |
| Other amounts payable | 47/48 | €377 | €562 | +€184 | +48.9% |
| Remuneration, social security and pensions | 62 | €148,795 | €162,817 | +€14,022 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,538 | €11,198 | +€4,660 | +71.3% |
| Other operating charges | 640/8 | €5,255 | €1,365 | -€3,890 | -74.0% |
| Non-recurring operating charges | 66A | - | €184 | +€184 | |
| Gross operating margin | 9900 | €238,190 | €195,952 | -€42,238 | -17.7% |
| Operating profit (loss) | 9901 | €77,602 | €20,387 | -€57,214 | -73.7% |
| Financial income | 75/76B | €46 | €623 | +€577 | +1,259% |
| Recurring financial income | 75 | €46 | €623 | +€577 | +1,259% |
| Financial charges | 65/66B | €1,137 | €5,758 | +€4,620 | +406% |
| Recurring financial charges | 65 | €1,137 | €5,758 | +€4,620 | +406% |
| Profit (loss) for the period before taxes | 9903 | €76,510 | €15,252 | -€61,258 | -80.1% |
| Income taxes | 67/77 | €26,499 | €1,827 | -€24,672 | -93.1% |
| Profit (loss) for the period | 9904 | €50,011 | €13,426 | -€36,585 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,011 | €13,426 | -€36,585 | -73.2% |
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 4 November 2026 via checked.be.