VVK 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.
VVK RENOV
Largest movements
- Tangible fixed assets -€10,808
down €10,808 (-30.9%), from €34,998 to €24,190
of which Leasing and similar rights: -€6,340
- Cash +€9,541
up €9,541 (+1,395%), from €684 to €10,225
mainly Depreciation (+€7,168) and Investment in fixed assets (net) (+€3,641)
- Receivables within one year -€3,118
down €3,118 (-68.9%), from €4,527 to €1,409
of which Other amounts receivable: -€2,196
- Deferred charges and accrued income +€470
new in 2025: €470
- Debts after one year -€3,982
down €3,982 (-15.3%), from €25,987 to €22,005
- Profit (loss) carried forward +€999
up €999 (+17.5%), from €5,691 to €6,690
- Trade debts -€810
down €810 (-30.3%), from €2,673 to €1,863
- Gross operating margin +€3,459
up €3,459 (+44.6%), from €7,761 to €11,220
- Depreciation -€2,455
down €2,455 (-25.5%), from €9,623 to €7,168
- Financial charges +€1,137
up €1,137 (+226%), from €503 to €1,640
- Other operating charges +€417
up €417 (+41.3%), from €1,010 to €1,427
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 | €40,209 | €36,294 | -€3,915 | -9.7% |
| Fixed assets | 21/28 | €34,998 | €24,190 | -€10,808 | -30.9% |
| Tangible fixed assets | 22/27 | €34,998 | €24,190 | -€10,808 | -30.9% |
| Plant, machinery and equipment | 23 | €687 | €323 | -€364 | -53.0% |
| Furniture and vehicles | 24 | €4,557 | €452 | -€4,104 | -90.1% |
| Leasing and similar rights | 25 | €29,754 | €23,414 | -€6,340 | -21.3% |
| Current assets | 29/58 | €5,211 | €12,104 | +€6,893 | +132% |
| Amounts receivable within one year | 40/41 | €4,527 | €1,409 | -€3,118 | -68.9% |
| Trade receivables | 40 | €1,656 | €734 | -€922 | -55.7% |
| Other amounts receivable | 41 | €2,872 | €676 | -€2,196 | -76.5% |
| Cash at bank and in hand | 54/58 | €684 | €10,225 | +€9,541 | +1,395% |
| Deferred charges and accrued income | 490/1 | - | €470 | +€470 | |
| Total equity and liabilities | 10/49 | €40,209 | €36,294 | -€3,915 | -9.7% |
| Equity | 10/15 | €10,691 | €11,690 | +€999 | +9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,691 | €6,690 | +€999 | +17.5% |
| Amounts payable | 17/49 | €29,518 | €24,605 | -€4,914 | -16.6% |
| Amounts payable after more than one year | 17 | €25,987 | €22,005 | -€3,982 | -15.3% |
| Financial debts | 170/4 | €25,987 | €22,005 | -€3,982 | -15.3% |
| Amounts payable within one year | 42/48 | €3,531 | €2,600 | -€931 | -26.4% |
| Trade debts | 44 | €2,673 | €1,863 | -€810 | -30.3% |
| Suppliers | 440/4 | €2,673 | €1,863 | -€810 | -30.3% |
| Other amounts payable | 47/48 | €858 | €737 | -€121 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,623 | €7,168 | -€2,455 | -25.5% |
| Other operating charges | 640/8 | €1,010 | €1,427 | +€417 | +41.3% |
| Gross operating margin | 9900 | €7,761 | €11,220 | +€3,459 | +44.6% |
| Operating profit (loss) | 9901 | -€2,872 | €2,625 | +€5,497 | |
| Financial income | 75/76B | €0 | €13 | +€13 | +4,139% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +4,139% |
| Financial charges | 65/66B | €503 | €1,640 | +€1,137 | +226% |
| Recurring financial charges | 65 | €503 | €1,640 | +€1,137 | +226% |
| Profit (loss) for the period before taxes | 9903 | -€3,374 | €999 | +€4,373 | |
| Profit (loss) for the period | 9904 | -€3,374 | €999 | +€4,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,374 | €999 | +€4,373 |
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 20 October 2026 via checked.be.