RENOOVELD: 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.
RENOOVELD
Largest movements
- Receivables within one year +€24,804
up €24,804 (+124%), from €19,991 to €44,795
of which Trade receivables: +€21,293
- Cash +€14,047
up €14,047 (+26.4%), from €53,238 to €67,285
mainly Net result for the year (+€31,572) and Tax, wage and social debts (+€6,957)
- Profit (loss) carried forward +€31,572
up €31,572 (+211%), from €14,992 to €46,563
- Tax, wage and social debts +€6,957
up €6,957 (+16.7%), from €41,579 to €48,536
of which Remuneration and social security: +€6,545
- Trade debts +€2,360
new in 2025: €2,360
- Gross operating margin -€24,102
down €24,102 (-10.2%), from €235,613 to €211,511
- Staff costs -€19,077
down €19,077 (-10.3%), from €184,969 to €165,892
- Taxes -€2,866
down €2,866 (-24.2%), from €11,819 to €8,954
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 | €82,442 | €122,459 | +€40,017 | +48.5% |
| Fixed assets | 21/28 | €9,213 | €10,379 | +€1,166 | +12.7% |
| Tangible fixed assets | 22/27 | €9,213 | €10,379 | +€1,166 | +12.7% |
| Plant, machinery and equipment | 23 | €232 | €1,024 | +€792 | +342% |
| Furniture and vehicles | 24 | €8,982 | €9,355 | +€373 | +4.2% |
| Current assets | 29/58 | €73,229 | €112,080 | +€38,851 | +53.1% |
| Amounts receivable within one year | 40/41 | €19,991 | €44,795 | +€24,804 | +124% |
| Trade receivables | 40 | €16,860 | €38,153 | +€21,293 | +126% |
| Other amounts receivable | 41 | €3,131 | €6,642 | +€3,511 | +112% |
| Cash at bank and in hand | 54/58 | €53,238 | €67,285 | +€14,047 | +26.4% |
| Total equity and liabilities | 10/49 | €82,442 | €122,459 | +€40,017 | +48.5% |
| Equity | 10/15 | €39,992 | €71,563 | +€31,572 | +78.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,992 | €46,563 | +€31,572 | +211% |
| Amounts payable | 17/49 | €42,450 | €50,895 | +€8,445 | +19.9% |
| Amounts payable within one year | 42/48 | €42,450 | €50,895 | +€8,445 | +19.9% |
| Trade debts | 44 | - | €2,360 | +€2,360 | |
| Suppliers | 440/4 | - | €2,360 | +€2,360 | |
| Taxes, remuneration and social security | 45 | €41,579 | €48,536 | +€6,957 | +16.7% |
| Taxes | 450/3 | €24,801 | €25,213 | +€412 | +1.7% |
| Remuneration and social security | 454/9 | €16,778 | €23,323 | +€6,545 | +39.0% |
| Other amounts payable | 47/48 | €871 | - | -€871 | |
| Remuneration, social security and pensions | 62 | €184,969 | €165,892 | -€19,077 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,221 | €3,376 | +€1,154 | +52.0% |
| Other operating charges | 640/8 | €1,371 | €962 | -€408 | -29.8% |
| Gross operating margin | 9900 | €235,613 | €211,511 | -€24,102 | -10.2% |
| Operating profit (loss) | 9901 | €47,052 | €41,281 | -€5,771 | -12.3% |
| Financial income | 75/76B | €70 | €500 | +€430 | +619% |
| Recurring financial income | 75 | €16 | €500 | +€484 | +2,970% |
| Non-recurring financial income | 76B | €53 | €500 | +€447 | +839% |
| Financial charges | 65/66B | €310 | €1,256 | +€945 | +304% |
| Recurring financial charges | 65 | €310 | €256 | -€54 | -17.5% |
| Non-recurring financial charges | 66B | - | €1,000 | +€1,000 | |
| Profit (loss) for the period before taxes | 9903 | €46,811 | €40,525 | -€6,286 | -13.4% |
| Income taxes | 67/77 | €11,819 | €8,954 | -€2,866 | -24.2% |
| Profit (loss) for the period | 9904 | €34,992 | €31,572 | -€3,420 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,992 | €31,572 | -€3,420 | -9.8% |
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 22 October 2026 via checked.be.