TEAM RENOV: 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.
TEAM RENOV
Largest movements
- Receivables within one year +€77,837
up €77,837 (+336%), from €23,138 to €100,975
of which Other amounts receivable: +€74,698
- Cash -€30,706
down €30,706 (-87.4%), from €35,137 to €4,431
mainly Receivables within one year (-€77,837) and Investment in fixed assets (net) (-€12,655)
- Financial fixed assets +€9,075
new in 2025: €9,075
- Deferred charges and accrued income +€6,499
up €6,499 (+555%), from €1,171 to €7,670
- Tangible fixed assets +€1,517
up €1,517 (+25.4%), from €5,981 to €7,498
of which Furniture and vehicles: +€1,367
- Profit (loss) carried forward +€50,105
up €50,105 (+129%), from €38,893 to €88,998
- Tax, wage and social debts +€14,622
up €14,622 (+119%), from €12,268 to €26,890
of which Taxes: +€16,605
- Other debts -€1,383
no longer reported in 2025 (was €1,383)
- Gross operating margin +€20,058
up €20,058 (+36.9%), from €54,316 to €74,374
- Taxes +€6,320
up €6,320 (+61.5%), from €10,285 to €16,605
- Financial charges +€3,092
up €3,092 (+168%), from €1,841 to €4,933
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 | €65,427 | €129,648 | +€64,222 | +98.2% |
| Fixed assets | 21/28 | €5,981 | €16,573 | +€10,592 | +177% |
| Tangible fixed assets | 22/27 | €5,981 | €7,498 | +€1,517 | +25.4% |
| Plant, machinery and equipment | 23 | €4,772 | €4,922 | +€149 | +3.1% |
| Furniture and vehicles | 24 | €1,209 | €2,576 | +€1,367 | +113% |
| Financial fixed assets | 28 | - | €9,075 | +€9,075 | |
| Current assets | 29/58 | €59,446 | €113,075 | +€53,630 | +90.2% |
| Amounts receivable within one year | 40/41 | €23,138 | €100,975 | +€77,837 | +336% |
| Trade receivables | 40 | €4,332 | €7,472 | +€3,139 | +72.5% |
| Other amounts receivable | 41 | €18,806 | €93,504 | +€74,698 | +397% |
| Cash at bank and in hand | 54/58 | €35,137 | €4,431 | -€30,706 | -87.4% |
| Deferred charges and accrued income | 490/1 | €1,171 | €7,670 | +€6,499 | +555% |
| Total equity and liabilities | 10/49 | €65,427 | €129,648 | +€64,222 | +98.2% |
| Equity | 10/15 | €41,893 | €91,998 | +€50,105 | +120% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,893 | €88,998 | +€50,105 | +129% |
| Amounts payable | 17/49 | €23,534 | €37,650 | +€14,117 | +60.0% |
| Amounts payable within one year | 42/48 | €23,534 | €37,650 | +€14,117 | +60.0% |
| Trade debts | 44 | €9,882 | €10,760 | +€878 | +8.9% |
| Suppliers | 440/4 | €9,882 | €10,760 | +€878 | +8.9% |
| Taxes, remuneration and social security | 45 | €12,268 | €26,890 | +€14,622 | +119% |
| Taxes | 450/3 | €10,285 | €26,890 | +€16,605 | +161% |
| Remuneration and social security | 454/9 | €1,983 | - | -€1,983 | |
| Other amounts payable | 47/48 | €1,383 | - | -€1,383 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,023 | €2,063 | +€40 | +2.0% |
| Other operating charges | 640/8 | €274 | €668 | +€393 | +143% |
| Gross operating margin | 9900 | €54,316 | €74,374 | +€20,058 | +36.9% |
| Operating profit (loss) | 9901 | €52,019 | €71,643 | +€19,625 | +37.7% |
| Financial charges | 65/66B | €1,841 | €4,933 | +€3,092 | +168% |
| Recurring financial charges | 65 | €1,841 | €4,933 | +€3,092 | +168% |
| Profit (loss) for the period before taxes | 9903 | €50,178 | €66,710 | +€16,532 | +32.9% |
| Income taxes | 67/77 | €10,285 | €16,605 | +€6,320 | +61.5% |
| Profit (loss) for the period | 9904 | €39,893 | €50,105 | +€10,212 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,893 | €50,105 | +€10,212 | +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 30 October 2026 via checked.be.