VB RENOV CONSTRUCT: 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.
VB RENOV CONSTRUCT
Largest movements
- Receivables within one year -€13,666
down €13,666 (-8.7%), from €157,601 to €143,934
of which Trade receivables: -€42,723
- Cash +€4,888
up €4,888 (+131%), from €3,731 to €8,619
mainly Net result for the year (+€18,847) and Receivables within one year (+€13,666)
- Trade debts -€31,918
down €31,918 (-40.2%), from €79,415 to €47,497
of which Bills of exchange payable: -€79,415
- Profit (loss) carried forward +€18,847
up €18,847 (+29.1%), from €64,704 to €83,551
- Tax, wage and social debts +€5,364
up €5,364 (+122%), from €4,383 to €9,747
- Purchases and services -€199,507
down €199,507 (-51.6%), from €386,698 to €187,191
- Turnover -€186,432
down €186,432 (-47.0%), from €396,572 to €210,141
- Gross operating margin +€15,415
up €15,415 (+111%), from €13,932 to €29,347
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 | €163,246 | €155,446 | -€7,800 | -4.8% |
| Fixed assets | 21/28 | €1,914 | €2,893 | +€979 | +51.1% |
| Tangible fixed assets | 22/27 | €1,835 | €2,814 | +€979 | +53.3% |
| Plant, machinery and equipment | 23 | - | €1,824 | +€1,824 | |
| Furniture and vehicles | 24 | €1,835 | €990 | -€845 | -46.0% |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €161,332 | €152,553 | -€8,779 | -5.4% |
| Amounts receivable within one year | 40/41 | €157,601 | €143,934 | -€13,666 | -8.7% |
| Trade receivables | 40 | €61,976 | €19,254 | -€42,723 | -68.9% |
| Other amounts receivable | 41 | €95,624 | €124,681 | +€29,056 | +30.4% |
| Cash at bank and in hand | 54/58 | €3,731 | €8,619 | +€4,888 | +131% |
| Total equity and liabilities | 10/49 | €163,246 | €155,446 | -€7,800 | -4.8% |
| Equity | 10/15 | €78,764 | €97,611 | +€18,847 | +23.9% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Capital | 10 | €12,200 | €12,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €12,200 | -€6,400 | -34.4% |
| Uncalled capital | 101 | €6,400 | - | -€6,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,704 | €83,551 | +€18,847 | +29.1% |
| Amounts payable | 17/49 | €84,482 | €57,835 | -€26,647 | -31.5% |
| Amounts payable within one year | 42/48 | €84,482 | €57,835 | -€26,647 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €683 | €590 | -€93 | -13.6% |
| Trade debts | 44 | €79,415 | €47,497 | -€31,918 | -40.2% |
| Suppliers | 440/4 | - | €47,497 | +€47,497 | |
| Bills of exchange payable | 441 | €79,415 | - | -€79,415 | |
| Taxes, remuneration and social security | 45 | €4,383 | €9,747 | +€5,364 | +122% |
| Taxes | 450/3 | €4,383 | €9,747 | +€5,364 | +122% |
| Turnover | 70 | €396,572 | €210,141 | -€186,432 | -47.0% |
| Non-recurring operating income | 76A | €4,058 | - | -€4,058 | |
| Goods, raw materials, services and sundry goods | 60/61 | €386,698 | €187,191 | -€199,507 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €1,070 | +€905 | +549% |
| Other operating charges | 640/8 | €493 | €810 | +€317 | +64.5% |
| Gross operating margin | 9900 | €13,932 | €29,347 | +€15,415 | +111% |
| Operating profit (loss) | 9901 | €13,275 | €27,467 | +€14,192 | +107% |
| Financial charges | 65/66B | €329 | €255 | -€74 | -22.4% |
| Recurring financial charges | 65 | €329 | €255 | -€74 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €12,946 | €27,211 | +€14,265 | +110% |
| Income taxes | 67/77 | €4,602 | €8,364 | +€3,762 | +81.8% |
| Profit (loss) for the period | 9904 | €8,344 | €18,847 | +€10,503 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €8,344 | €18,847 | +€10,503 | +126% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.