TMT RENOVA SERVICES: what changed
TMT RENOVA SERVICES
Largest movements
- Cash -€25,356
down €25,356 (-95.0%), from €26,697 to €1,341
mainly Other debts (-€32,000) and Tax, wage and social debts (-€13,260)
- Receivables within one year +€5,349
up €5,349 (+4.7%), from €113,918 to €119,267
of which Trade receivables: +€32,728
- Tangible fixed assets -€4,438
down €4,438 (-46.5%), from €9,535 to €5,097
of which Furniture and vehicles: -€4,026
- Other debts -€32,000
no longer reported in 2025 (was €32,000)
- Tax, wage and social debts -€13,260
down €13,260 (-41.3%), from €32,113 to €18,852
- Profit (loss) carried forward +€7,810
up €7,810 (+22.5%), from €34,742 to €42,552
- Trade debts +€6,934
up €6,934 (+16.7%), from €41,399 to €48,333
- Advances received +€5,170
up €5,170 (+266%), from €1,940 to €7,110
- Gross operating margin -€38,401
down €38,401 (-70.8%), from €54,237 to €15,837
- Taxes -€7,408
down €7,408 (-72.9%), from €10,159 to €2,752
- Financial income +€986
up €986 (+47.1%), from €2,092 to €3,078
- Other operating charges -€578
down €578 (-29.7%), from €1,948 to €1,369
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 | €152,194 | €126,847 | -€25,346 | -16.7% |
| Fixed assets | 21/28 | €9,535 | €5,097 | -€4,438 | -46.5% |
| Tangible fixed assets | 22/27 | €9,535 | €5,097 | -€4,438 | -46.5% |
| Plant, machinery and equipment | 23 | €1,361 | €949 | -€412 | -30.2% |
| Furniture and vehicles | 24 | €8,174 | €4,148 | -€4,026 | -49.3% |
| Current assets | 29/58 | €142,659 | €121,750 | -€20,909 | -14.7% |
| Amounts receivable within one year | 40/41 | €113,918 | €119,267 | +€5,349 | +4.7% |
| Trade receivables | 40 | €39,717 | €72,445 | +€32,728 | +82.4% |
| Other amounts receivable | 41 | €74,201 | €46,822 | -€27,379 | -36.9% |
| Cash at bank and in hand | 54/58 | €26,697 | €1,341 | -€25,356 | -95.0% |
| Deferred charges and accrued income | 490/1 | €2,043 | €1,142 | -€901 | -44.1% |
| Total equity and liabilities | 10/49 | €152,194 | €126,847 | -€25,346 | -16.7% |
| Equity | 10/15 | €44,742 | €52,552 | +€7,810 | +17.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,742 | €42,552 | +€7,810 | +22.5% |
| Amounts payable | 17/49 | €107,452 | €74,295 | -€33,157 | -30.9% |
| Amounts payable within one year | 42/48 | €107,452 | €74,295 | -€33,157 | -30.9% |
| Trade debts | 44 | €41,399 | €48,333 | +€6,934 | +16.7% |
| Suppliers | 440/4 | €41,399 | €48,333 | +€6,934 | +16.7% |
| Advances received on contracts in progress | 46 | €1,940 | €7,110 | +€5,170 | +266% |
| Taxes, remuneration and social security | 45 | €32,113 | €18,852 | -€13,260 | -41.3% |
| Taxes | 450/3 | €32,113 | €18,852 | -€13,260 | -41.3% |
| Other amounts payable | 47/48 | €32,000 | - | -€32,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,438 | €4,438 | = | 0.0% |
| Other operating charges | 640/8 | €1,948 | €1,369 | -€578 | -29.7% |
| Gross operating margin | 9900 | €54,237 | €15,837 | -€38,401 | -70.8% |
| Operating profit (loss) | 9901 | €47,852 | €10,030 | -€37,822 | -79.0% |
| Financial income | 75/76B | €2,092 | €3,078 | +€986 | +47.1% |
| Recurring financial income | 75 | €2,092 | €3,078 | +€986 | +47.1% |
| Financial charges | 65/66B | €3,065 | €2,545 | -€519 | -17.0% |
| Recurring financial charges | 65 | €3,065 | €2,545 | -€519 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €46,879 | €10,562 | -€36,317 | -77.5% |
| Income taxes | 67/77 | €10,159 | €2,752 | -€7,408 | -72.9% |
| Profit (loss) for the period | 9904 | €36,720 | €7,810 | -€28,910 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,720 | €7,810 | -€28,910 | -78.7% |
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 6 November 2026 via checked.be.