Renewo: what changed
Renewo
Largest movements
- Stocks and contracts +€214,092
up €214,092 (+76.8%), from €278,743 to €492,835
- Receivables within one year -€132,117
down €132,117 (-88.7%), from €148,944 to €16,827
of which Other amounts receivable: -€132,169
- Cash -€38,613
down €38,613 (-99.8%), from €38,702 to €90
mainly Stocks and contracts (-€214,092) and Debts after one year (-€65,000)
- Short-term financial debts +€100,800
up €100,800 (+45.7%), from €220,500 to €321,300
- Debts after one year -€65,000
no longer reported in 2025 (was €65,000)
- Gross operating margin +€11,725
up €11,725, from -€7,420 to €4,305
- Financial charges +€2,014
up €2,014 (+27.0%), from €7,466 to €9,481
- Financial income -€247
down €247 (-6.3%), from €3,945 to €3,698
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €469,195 | €510,391 | +€41,196 | +8.8% |
| Current assets | 29/58 | €469,195 | €510,391 | +€41,196 | +8.8% |
| Stocks and contracts in progress | 3 | €278,743 | €492,835 | +€214,092 | +76.8% |
| Stocks | 30/36 | €278,743 | €492,835 | +€214,092 | +76.8% |
| Amounts receivable within one year | 40/41 | €148,944 | €16,827 | -€132,117 | -88.7% |
| Trade receivables | 40 | - | €52 | +€52 | |
| Other amounts receivable | 41 | €148,944 | €16,775 | -€132,169 | -88.7% |
| Cash at bank and in hand | 54/58 | €38,702 | €90 | -€38,613 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,807 | €640 | -€2,167 | -77.2% |
| Total equity and liabilities | 10/49 | €469,195 | €510,391 | +€41,196 | +8.8% |
| Equity | 10/15 | €163,199 | €161,178 | -€2,022 | -1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €63,199 | €61,178 | -€2,022 | -3.2% |
| Distributable reserves | 133 | €63,199 | €61,178 | -€2,022 | -3.2% |
| Amounts payable | 17/49 | €305,996 | €349,213 | +€43,217 | +14.1% |
| Amounts payable after more than one year | 17 | €65,000 | - | -€65,000 | |
| Financial debts | 170/4 | €65,000 | - | -€65,000 | |
| Amounts payable within one year | 42/48 | €238,182 | €343,465 | +€105,284 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,000 | = | 0.0% |
| Financial debts | 43 | €220,500 | €321,300 | +€100,800 | +45.7% |
| Credit institutions | 430/8 | €220,500 | €321,300 | +€100,800 | +45.7% |
| Trade debts | 44 | €1,647 | €1,310 | -€337 | -20.5% |
| Suppliers | 440/4 | €1,647 | €1,310 | -€337 | -20.5% |
| Other amounts payable | 47/48 | €35 | €4,856 | +€4,821 | +13,687% |
| Accrued charges and deferred income | 492/3 | €2,814 | €5,748 | +€2,934 | +104% |
| Other operating charges | 640/8 | €578 | €544 | -€34 | -5.9% |
| Gross operating margin | 9900 | -€7,420 | €4,305 | +€11,725 | |
| Operating profit (loss) | 9901 | -€7,997 | €3,761 | +€11,759 | |
| Financial income | 75/76B | €3,945 | €3,698 | -€247 | -6.3% |
| Recurring financial income | 75 | €3,945 | €3,698 | -€247 | -6.3% |
| Financial charges | 65/66B | €7,466 | €9,481 | +€2,014 | +27.0% |
| Recurring financial charges | 65 | €7,466 | €9,481 | +€2,014 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,519 | -€2,022 | +€9,498 | +82.5% |
| Profit (loss) for the period | 9904 | -€11,519 | -€2,022 | +€9,498 | +82.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,519 | -€2,022 | +€9,498 | +82.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.