Renewable Ventures: what changed
Two fiscal 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.
Renewable Ventures
Largest movements
- Financial fixed assets +€203,658
up €203,658 (+25.4%), from €802,342 to €1.0m
- Debts after one year +€254,842
up €254,842 (+14.1%), from €1.8m to €2.1m
- Profit (loss) carried forward -€53,760
down €53,760 (-12.9%), from -€415,673 to -€469,433
- Trade debts -€36,821
down €36,821 (-81.6%), from €45,119 to €8,298
- Other debts +€24,150
up €24,150 (+110.6%), from €21,830 to €45,980
- Gross operating margin +€27,196
up €27,196 (+81.7%), from -€33,285 to -€6,089
- Financial charges +€9,459
up €9,459 (+19.7%), from €48,090 to €57,549
- Financial income +€3,438
up €3,438 (+26.1%), from €13,165 to €16,603
- Other operating charges +€2,539
up €2,539 (+60.7%), from €4,186 to €6,725
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 | €1,953,789 | €2,142,200 | +€188,411 | +9.6% |
| Fixed assets | 21/28 | €1,936,182 | €2,139,840 | +€203,658 | +10.5% |
| Tangible fixed assets | 22/27 | €1,133,840 | €1,133,840 | = | 0.0% |
| Land and buildings | 22 | €980,000 | €980,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €153,840 | €153,840 | = | 0.0% |
| Financial fixed assets | 28 | €802,342 | €1,006,000 | +€203,658 | +25.4% |
| Current assets | 29/58 | €17,607 | €2,360 | -€15,247 | -86.6% |
| Amounts receivable within one year | 40/41 | €15,360 | €1,139 | -€14,221 | -92.6% |
| Other amounts receivable | 41 | €15,360 | €1,139 | -€14,221 | -92.6% |
| Cash at bank and in hand | 54/58 | €2,247 | €52 | -€2,195 | -97.7% |
| Deferred charges and accrued income | 490/1 | - | €1,169 | +€1,169 | |
| Total equity and liabilities | 10/49 | €1,953,789 | €2,142,200 | +€188,411 | +9.6% |
| Equity | 10/15 | €84,327 | €30,567 | -€53,760 | -63.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,673 | -€469,433 | -€53,760 | -12.9% |
| Amounts payable | 17/49 | €1,869,462 | €2,111,633 | +€242,171 | +13.0% |
| Amounts payable after more than one year | 17 | €1,802,513 | €2,057,355 | +€254,842 | +14.1% |
| Financial debts | 170/4 | €1,802,513 | €2,057,355 | +€254,842 | +14.1% |
| Amounts payable within one year | 42/48 | €66,949 | €54,278 | -€12,671 | -18.9% |
| Trade debts | 44 | €45,119 | €8,298 | -€36,821 | -81.6% |
| Suppliers | 440/4 | €45,119 | €8,298 | -€36,821 | -81.6% |
| Other amounts payable | 47/48 | €21,830 | €45,980 | +€24,150 | +110.6% |
| Other operating charges | 640/8 | €4,186 | €6,725 | +€2,539 | +60.7% |
| Gross operating margin | 9900 | -€33,285 | -€6,089 | +€27,196 | +81.7% |
| Operating profit (loss) | 9901 | -€37,471 | -€12,814 | +€24,657 | +65.8% |
| Financial income | 75/76B | €13,165 | €16,603 | +€3,438 | +26.1% |
| Recurring financial income | 75 | €13,165 | €16,603 | +€3,438 | +26.1% |
| Financial charges | 65/66B | €48,090 | €57,549 | +€9,459 | +19.7% |
| Recurring financial charges | 65 | €48,090 | €57,549 | +€9,459 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | -€72,396 | -€53,760 | +€18,636 | +25.7% |
| Profit (loss) for the period | 9904 | -€72,396 | -€53,760 | +€18,636 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,396 | -€53,760 | +€18,636 | +25.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.