RENAVILLE: 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.
RENAVILLE
Largest movements
- Stocks and contracts -€139,010
down €139,010 (-42.3%), from €328,676 to €189,666
- Cash +€84,973
up €84,973 (+16.0%), from €530,927 to €615,900
mainly Other debts (+€411,374) and Net result for the year (+€206,412)
- Receivables within one year +€15,032
up €15,032 (+7.0%), from €213,926 to €228,959
- Reserves -€439,000
down €439,000 (-44.8%), from €980,748 to €541,748
of which Distributable reserves: -€430,000
- Other debts +€411,374
up €411,374 (+154%), from €266,424 to €677,798
- Trade debts +€33,416
up €33,416 (+1,023%), from €3,265 to €36,681
- Profit (loss) carried forward -€23,796
no longer reported in 2025 (was €23,796)
- Tax, wage and social debts -€21,386
down €21,386 (-32.9%), from €65,099 to €43,714
of which Taxes: -€25,943
- Gross operating margin +€20,989
up €20,989 (+4.9%), from €426,713 to €447,702
- Staff costs +€5,536
up €5,536 (+3.9%), from €140,455 to €145,991
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 | €1,435,098 | €1,400,902 | -€34,196 | -2.4% |
| Fixed assets | 21/28 | €346,880 | €347,391 | +€511 | +0.1% |
| Intangible fixed assets | 21 | - | €5,513 | +€5,513 | |
| Tangible fixed assets | 22/27 | €346,880 | €341,878 | -€5,002 | -1.4% |
| Land and buildings | 22 | €320,872 | €305,646 | -€15,226 | -4.7% |
| Plant, machinery and equipment | 23 | €23,899 | €35,164 | +€11,264 | +47.1% |
| Furniture and vehicles | 24 | €2,109 | €1,068 | -€1,041 | -49.4% |
| Current assets | 29/58 | €1,088,218 | €1,053,511 | -€34,707 | -3.2% |
| Stocks and contracts in progress | 3 | €328,676 | €189,666 | -€139,010 | -42.3% |
| Stocks | 30/36 | €328,676 | €189,666 | -€139,010 | -42.3% |
| Amounts receivable within one year | 40/41 | €213,926 | €228,959 | +€15,032 | +7.0% |
| Trade receivables | 40 | €213,926 | €228,959 | +€15,032 | +7.0% |
| Cash at bank and in hand | 54/58 | €530,927 | €615,900 | +€84,973 | +16.0% |
| Deferred charges and accrued income | 490/1 | €14,689 | €18,986 | +€4,298 | +29.3% |
| Total equity and liabilities | 10/49 | €1,435,098 | €1,400,902 | -€34,196 | -2.4% |
| Equity | 10/15 | €1,094,544 | €631,748 | -€462,796 | -42.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €980,748 | €541,748 | -€439,000 | -44.8% |
| Non-distributable reserves | 130/1 | €9,000 | - | -€9,000 | |
| Reserves not available under the articles | 1311 | €9,000 | - | -€9,000 | |
| Distributable reserves | 133 | €971,748 | €541,748 | -€430,000 | -44.3% |
| Profit (loss) carried forward | 14 | €23,796 | - | -€23,796 | |
| Provisions and deferred taxes | 16 | €5,000 | €10,962 | +€5,962 | +119% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €10,962 | +€5,962 | +119% |
| Major repairs and maintenance | 162 | €5,000 | €10,962 | +€5,962 | +119% |
| Amounts payable | 17/49 | €335,554 | €758,192 | +€422,638 | +126% |
| Amounts payable within one year | 42/48 | €334,788 | €758,192 | +€423,404 | +126% |
| Trade debts | 44 | €3,265 | €36,681 | +€33,416 | +1,023% |
| Suppliers | 440/4 | €3,265 | €36,681 | +€33,416 | +1,023% |
| Taxes, remuneration and social security | 45 | €65,099 | €43,714 | -€21,386 | -32.9% |
| Taxes | 450/3 | €41,442 | €15,500 | -€25,943 | -62.6% |
| Remuneration and social security | 454/9 | €23,657 | €28,214 | +€4,557 | +19.3% |
| Other amounts payable | 47/48 | €266,424 | €677,798 | +€411,374 | +154% |
| Accrued charges and deferred income | 492/3 | €765 | - | -€765 | |
| Remuneration, social security and pensions | 62 | €140,455 | €145,991 | +€5,536 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,597 | €21,894 | +€1,297 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €526 | +€526 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,000 | €5,962 | +€962 | +19.2% |
| Other operating charges | 640/8 | €1,945 | €2,005 | +€61 | +3.1% |
| Gross operating margin | 9900 | €426,713 | €447,702 | +€20,989 | +4.9% |
| Operating profit (loss) | 9901 | €258,716 | €271,323 | +€12,607 | +4.9% |
| Financial income | 75/76B | €6,486 | €5,442 | -€1,044 | -16.1% |
| Recurring financial income | 75 | €6,486 | €5,442 | -€1,044 | -16.1% |
| Financial charges | 65/66B | €436 | €441 | +€5 | +1.2% |
| Recurring financial charges | 65 | €436 | €441 | +€5 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €264,766 | €276,323 | +€11,558 | +4.4% |
| Income taxes | 67/77 | €70,854 | €69,911 | -€943 | -1.3% |
| Profit (loss) for the period | 9904 | €193,911 | €206,412 | +€12,501 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €193,911 | €206,412 | +€12,501 | +6.4% |
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 15 October 2026 via checked.be.