Renew4U: 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.
Renew4U
Largest movements
- Receivables within one year -€74,400
down €74,400 (-63.7%), from €116,765 to €42,365
of which Other amounts receivable: -€74,400
- Tangible fixed assets -€3,966
down €3,966 (-83.1%), from €4,770 to €804
of which Furniture and vehicles: -€3,865
- Cash +€2,823
up €2,823, from €0 to €2,823
mainly Receivables within one year (+€74,400) and Investment in fixed assets (net) (+€3,865)
- Reserves -€47,290
down €47,290 (-64.2%), from €73,622 to €26,332
- Accrued charges and deferred income -€21,291
no longer reported in 2025 (was €21,291)
- Trade debts -€7,347
down €7,347 (-34.1%), from €21,525 to €14,178
- Profit (loss) carried forward +€3,907
no longer reported in 2025 (was -€3,907)
- Tax, wage and social debts -€3,420
down €3,420 (-65.7%), from €5,205 to €1,785
of which Remuneration and social security: -€1,810
- Financial charges +€41,550
up €41,550 (+1487.0%), from €2,794 to €44,344
of which Non-recurring financial charges: +€43,314
- Gross operating margin -€11,216
down €11,216 (-89.4%), from €12,543 to €1,327
- Taxes -€1,779
no longer reported in 2025 (was €1,779)
- Depreciation -€1,650
down €1,650 (-94.3%), from €1,751 to €101
- Other operating charges -€455
down €455 (-63.1%), from €722 to €266
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.
Cash bridge derived
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 | €121,838 | €46,294 | -€75,543 | -62.0% |
| Fixed assets | 21/28 | €5,073 | €1,107 | -€3,966 | -78.2% |
| Tangible fixed assets | 22/27 | €4,770 | €804 | -€3,966 | -83.1% |
| Plant, machinery and equipment | 23 | €905 | €804 | -€101 | -11.1% |
| Furniture and vehicles | 24 | €3,865 | - | -€3,865 | |
| Financial fixed assets | 28 | €303 | €303 | = | 0.0% |
| Current assets | 29/58 | €116,765 | €45,187 | -€71,578 | -61.3% |
| Amounts receivable within one year | 40/41 | €116,765 | €42,365 | -€74,400 | -63.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €116,765 | €42,365 | -€74,400 | -63.7% |
| Cash at bank and in hand | 54/58 | €0 | €2,823 | +€2,823 | |
| Total equity and liabilities | 10/49 | €121,838 | €46,294 | -€75,543 | -62.0% |
| Equity | 10/15 | €73,715 | €30,332 | -€43,383 | -58.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €73,622 | €26,332 | -€47,290 | -64.2% |
| Distributable reserves | 133 | €73,622 | €26,332 | -€47,290 | -64.2% |
| Profit (loss) carried forward | 14 | -€3,907 | - | +€3,907 | |
| Amounts payable | 17/49 | €48,123 | €15,962 | -€32,160 | -66.8% |
| Amounts payable within one year | 42/48 | €26,832 | €15,962 | -€10,869 | -40.5% |
| Financial debts | 43 | €102 | - | -€102 | |
| Credit institutions | 430/8 | €102 | - | -€102 | |
| Trade debts | 44 | €21,525 | €14,178 | -€7,347 | -34.1% |
| Suppliers | 440/4 | €21,525 | €14,178 | -€7,347 | -34.1% |
| Taxes, remuneration and social security | 45 | €5,205 | €1,785 | -€3,420 | -65.7% |
| Taxes | 450/3 | €3,395 | €1,785 | -€1,611 | -47.4% |
| Remuneration and social security | 454/9 | €1,810 | - | -€1,810 | |
| Accrued charges and deferred income | 492/3 | €21,291 | - | -€21,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,751 | €101 | -€1,650 | -94.3% |
| Other operating charges | 640/8 | €722 | €266 | -€455 | -63.1% |
| Gross operating margin | 9900 | €12,543 | €1,327 | -€11,216 | -89.4% |
| Operating profit (loss) | 9901 | €10,070 | €960 | -€9,110 | -90.5% |
| Financial income | 75/76B | €0 | €1 | +€0 | +89.7% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +89.7% |
| Financial charges | 65/66B | €2,794 | €44,344 | +€41,550 | +1487.0% |
| Recurring financial charges | 65 | €2,794 | €1,030 | -€1,764 | -63.1% |
| Non-recurring financial charges | 66B | - | €43,314 | +€43,314 | |
| Profit (loss) for the period before taxes | 9903 | €7,277 | -€43,383 | -€50,659 | |
| Income taxes | 67/77 | €1,779 | - | -€1,779 | |
| Profit (loss) for the period | 9904 | €5,498 | -€43,383 | -€48,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,498 | -€43,383 | -€48,881 |
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 10 October 2026 via checked.be.