RENIVER: 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.
RENIVER
Largest movements
- Receivables within one year +€117,935
up €117,935 (+193%), from €61,031 to €178,966
of which Trade receivables: +€122,177
- Deferred charges and accrued income +€5,154
up €5,154 (+91.1%), from €5,659 to €10,814
- Reserves +€102,073
up €102,073 (+46.3%), from €220,293 to €322,365
- Other debts +€14,813
up €14,813 (+44.8%), from €33,033 to €47,846
- Trade debts +€6,619
up €6,619 (+95.4%), from €6,937 to €13,556
- Gross operating margin +€140,313
up €140,313 (+25.0%), from €561,275 to €701,588
- Taxes +€26,802
up €26,802 (+672%), from €3,986 to €30,789
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 | €334,459 | €456,977 | +€122,518 | +36.6% |
| Fixed assets | 21/28 | €8,178 | €7,884 | -€294 | -3.6% |
| Tangible fixed assets | 22/27 | €8,178 | €4,174 | -€4,004 | -49.0% |
| Plant, machinery and equipment | 23 | €2,477 | €3,386 | +€909 | +36.7% |
| Furniture and vehicles | 24 | €5,701 | €788 | -€4,913 | -86.2% |
| Financial fixed assets | 28 | - | €3,710 | +€3,710 | |
| Current assets | 29/58 | €326,281 | €449,093 | +€122,812 | +37.6% |
| Stocks and contracts in progress | 3 | - | €744 | +€744 | |
| Stocks | 30/36 | - | €744 | +€744 | |
| Amounts receivable within one year | 40/41 | €61,031 | €178,966 | +€117,935 | +193% |
| Trade receivables | 40 | €55,028 | €177,206 | +€122,177 | +222% |
| Other amounts receivable | 41 | €6,003 | €1,761 | -€4,243 | -70.7% |
| Cash at bank and in hand | 54/58 | €259,590 | €258,569 | -€1,021 | -0.4% |
| Deferred charges and accrued income | 490/1 | €5,659 | €10,814 | +€5,154 | +91.1% |
| Total equity and liabilities | 10/49 | €334,459 | €456,977 | +€122,518 | +36.6% |
| Equity | 10/15 | €238,893 | €340,965 | +€102,073 | +42.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,293 | €322,365 | +€102,073 | +46.3% |
| Distributable reserves | 133 | €220,293 | €322,365 | +€102,073 | +46.3% |
| Amounts payable | 17/49 | €95,567 | €116,012 | +€20,445 | +21.4% |
| Amounts payable within one year | 42/48 | €95,567 | €116,012 | +€20,445 | +21.4% |
| Trade debts | 44 | €6,937 | €13,556 | +€6,619 | +95.4% |
| Suppliers | 440/4 | €6,937 | €13,556 | +€6,619 | +95.4% |
| Taxes, remuneration and social security | 45 | €55,596 | €54,610 | -€986 | -1.8% |
| Taxes | 450/3 | €9,656 | €14,313 | +€4,657 | +48.2% |
| Remuneration and social security | 454/9 | €45,940 | €40,297 | -€5,643 | -12.3% |
| Other amounts payable | 47/48 | €33,033 | €47,846 | +€14,813 | +44.8% |
| Remuneration, social security and pensions | 62 | €510,180 | €516,734 | +€6,554 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,681 | €3,452 | -€4,229 | -55.1% |
| Other operating charges | 640/8 | €897 | €2,722 | +€1,826 | +204% |
| Gross operating margin | 9900 | €561,275 | €701,588 | +€140,313 | +25.0% |
| Operating profit (loss) | 9901 | €42,518 | €178,680 | +€136,162 | +320% |
| Financial income | 75/76B | €587 | €1,592 | +€1,006 | +171% |
| Recurring financial income | 75 | €587 | €1,592 | +€1,006 | +171% |
| Financial charges | 65/66B | €181 | €352 | +€171 | +94.6% |
| Recurring financial charges | 65 | €181 | €352 | +€171 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €42,924 | €179,920 | +€136,996 | +319% |
| Income taxes | 67/77 | €3,986 | €30,789 | +€26,802 | +672% |
| Profit (loss) for the period | 9904 | €38,938 | €149,131 | +€110,194 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €38,938 | €149,131 | +€110,194 | +283% |
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 16 October 2026 via checked.be.