RENO-VATOR: 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.
RENO-VATOR
Largest movements
- Receivables within one year +€56,722
up €56,722 (+20.3%), from €279,451 to €336,173
of which Other amounts receivable: +€39,028
- Trade debts +€45,400
up €45,400 (+35.3%), from €128,498 to €173,898
- Tax, wage and social debts +€10,496
up €10,496 (+125%), from €8,410 to €18,906
- Short-term financial debts -€9,717
down €9,717 (-64.4%), from €15,079 to €5,361
- Reserves +€7,660
up €7,660 (+7.2%), from €106,722 to €114,382
of which Distributable reserves: +€7,660
- Gross operating margin -€56,108
down €56,108 (-70.8%), from €79,265 to €23,157
- Taxes -€10,045
down €10,045 (-65.3%), from €15,375 to €5,330
- Other operating charges +€5,175
up €5,175 (+1,542%), from €336 to €5,511
- Financial charges +€1,728
up €1,728 (+92.2%), from €1,873 to €3,601
- Financial income +€1,032
up €1,032 (+119%), from €866 to €1,897
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 | €292,791 | €343,571 | +€50,779 | +17.3% |
| Fixed assets | 21/28 | €5,619 | €2,666 | -€2,954 | -52.6% |
| Tangible fixed assets | 22/27 | €5,619 | €2,666 | -€2,954 | -52.6% |
| Plant, machinery and equipment | 23 | €3,711 | €1,521 | -€2,190 | -59.0% |
| Furniture and vehicles | 24 | €1,909 | €1,145 | -€764 | -40.0% |
| Current assets | 29/58 | €287,172 | €340,905 | +€53,733 | +18.7% |
| Amounts receivable within one year | 40/41 | €279,451 | €336,173 | +€56,722 | +20.3% |
| Trade receivables | 40 | €257,397 | €275,091 | +€17,694 | +6.9% |
| Other amounts receivable | 41 | €22,054 | €61,082 | +€39,028 | +177% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €7,721 | €4,732 | -€2,989 | -38.7% |
| Total equity and liabilities | 10/49 | €292,791 | €343,571 | +€50,779 | +17.3% |
| Equity | 10/15 | €137,595 | €145,255 | +€7,660 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,722 | €114,382 | +€7,660 | +7.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €104,862 | €112,522 | +€7,660 | +7.3% |
| Profit (loss) carried forward | 14 | €24,674 | €24,674 | = | 0.0% |
| Amounts payable | 17/49 | €155,196 | €198,316 | +€43,120 | +27.8% |
| Amounts payable within one year | 42/48 | €155,196 | €198,316 | +€43,120 | +27.8% |
| Financial debts | 43 | €15,079 | €5,361 | -€9,717 | -64.4% |
| Credit institutions | 430/8 | €15,079 | €5,361 | -€9,717 | -64.4% |
| Trade debts | 44 | €128,498 | €173,898 | +€45,400 | +35.3% |
| Suppliers | 440/4 | €128,498 | €173,898 | +€45,400 | +35.3% |
| Advances received on contracts in progress | 46 | €900 | €0 | -€900 | -100% |
| Taxes, remuneration and social security | 45 | €8,410 | €18,906 | +€10,496 | +125% |
| Taxes | 450/3 | €8,410 | €18,906 | +€10,496 | +125% |
| Other amounts payable | 47/48 | €2,309 | €150 | -€2,159 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,448 | €2,954 | -€494 | -14.3% |
| Other operating charges | 640/8 | €336 | €5,511 | +€5,175 | +1,542% |
| Gross operating margin | 9900 | €79,265 | €23,157 | -€56,108 | -70.8% |
| Operating profit (loss) | 9901 | €75,482 | €14,693 | -€60,789 | -80.5% |
| Financial income | 75/76B | €866 | €1,897 | +€1,032 | +119% |
| Recurring financial income | 75 | €866 | €1,897 | +€1,032 | +119% |
| Financial charges | 65/66B | €1,873 | €3,601 | +€1,728 | +92.2% |
| Recurring financial charges | 65 | €1,873 | €3,601 | +€1,728 | +92.2% |
| Profit (loss) for the period before taxes | 9903 | €74,474 | €12,989 | -€61,485 | -82.6% |
| Income taxes | 67/77 | €15,375 | €5,330 | -€10,045 | -65.3% |
| Profit (loss) for the period | 9904 | €59,099 | €7,660 | -€51,439 | -87.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,099 | €7,660 | -€51,439 | -87.0% |
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 27 October 2026 via checked.be.