RENEW-ENERGY: 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.
RENEW-ENERGY
Largest movements
- Cash +€64,187
up €64,187 (+396%), from €16,197 to €80,384
mainly Other debts (+€98,848) and Net result for the year (+€60,387)
- Other debts +€98,848
up €98,848 (+90.4%), from €109,313 to €208,161
- Profit (loss) carried forward -€39,531
down €39,531 (-100%), from €39,531 to €0
- Debts after one year -€10,720
down €10,720 (-24.3%), from €44,135 to €33,415
- Tax, wage and social debts +€10,265
up €10,265 (+46.6%), from €22,031 to €32,296
- Trade debts +€3,218
up €3,218 (+178%), from €1,809 to €5,028
- Gross operating margin +€41,816
up €41,816 (+116%), from €36,011 to €77,826
- Taxes +€11,905
up €11,905 (+111%), from €10,707 to €22,612
- Financial income +€2,401
up €2,401 (+28.4%), from €8,463 to €10,864
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 | €231,274 | €292,642 | +€61,368 | +26.5% |
| Fixed assets | 21/28 | €97,837 | €97,486 | -€352 | -0.4% |
| Tangible fixed assets | 22/27 | €4,087 | €3,736 | -€352 | -8.6% |
| Furniture and vehicles | 24 | €2,082 | €2,305 | +€223 | +10.7% |
| Other tangible fixed assets | 26 | €2,005 | €1,431 | -€574 | -28.7% |
| Financial fixed assets | 28 | €93,750 | €93,750 | = | 0.0% |
| Current assets | 29/58 | €133,436 | €195,157 | +€61,720 | +46.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,983 | €13,140 | -€1,843 | -12.3% |
| Trade receivables | 40 | €14,875 | €2,282 | -€12,593 | -84.7% |
| Other amounts receivable | 41 | €108 | €10,858 | +€10,750 | +9,981% |
| Cash at bank and in hand | 54/58 | €16,197 | €80,384 | +€64,187 | +396% |
| Deferred charges and accrued income | 490/1 | €2,256 | €1,633 | -€623 | -27.6% |
| Total equity and liabilities | 10/49 | €231,274 | €292,642 | +€61,368 | +26.5% |
| Equity | 10/15 | €42,531 | €3,000 | -€39,531 | -92.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,531 | €0 | -€39,531 | -100% |
| Amounts payable | 17/49 | €188,743 | €289,642 | +€100,899 | +53.5% |
| Amounts payable after more than one year | 17 | €44,135 | €33,415 | -€10,720 | -24.3% |
| Financial debts | 170/4 | €44,135 | €33,415 | -€10,720 | -24.3% |
| Amounts payable within one year | 42/48 | €144,607 | €256,227 | +€111,620 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €10,364 | €10,720 | +€356 | +3.4% |
| Financial debts | 43 | €1,089 | €22 | -€1,067 | -98.0% |
| Credit institutions | 430/8 | €1,089 | €0 | -€1,089 | -100% |
| Other loans | 439 | - | €22 | +€22 | |
| Trade debts | 44 | €1,809 | €5,028 | +€3,218 | +178% |
| Suppliers | 440/4 | €1,809 | €5,028 | +€3,218 | +178% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,031 | €32,296 | +€10,265 | +46.6% |
| Taxes | 450/3 | €22,031 | €32,296 | +€10,265 | +46.6% |
| Other amounts payable | 47/48 | €109,313 | €208,161 | +€98,848 | +90.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €6 | €0 | -€6 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,600 | €1,966 | +€366 | +22.9% |
| Other operating charges | 640/8 | €416 | €888 | +€472 | +113% |
| Gross operating margin | 9900 | €36,011 | €77,826 | +€41,816 | +116% |
| Operating profit (loss) | 9901 | €33,994 | €74,972 | +€40,978 | +121% |
| Financial income | 75/76B | €8,463 | €10,864 | +€2,401 | +28.4% |
| Recurring financial income | 75 | €8,463 | €10,864 | +€2,401 | +28.4% |
| Financial charges | 65/66B | €3,421 | €2,837 | -€584 | -17.1% |
| Recurring financial charges | 65 | €3,421 | €2,837 | -€584 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €39,036 | €82,999 | +€43,963 | +113% |
| Income taxes | 67/77 | €10,707 | €22,612 | +€11,905 | +111% |
| Profit (loss) for the period | 9904 | €28,329 | €60,387 | +€32,058 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €28,329 | €60,387 | +€32,058 | +113% |
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 22 October 2026 via checked.be.