RenoSea Projects: 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.
RenoSea Projects
Largest movements
- Cash -€34,646
down €34,646 (-94.2%), from €36,797 to €2,151
mainly Receivables within one year (-€21,121) and Net result for the year (-€10,909)
- Receivables within one year +€21,121
up €21,121 (+355.0%), from €5,950 to €27,070
of which Other amounts receivable: +€21,121
- Tangible fixed assets -€613
down €613 (-89.8%), from €683 to €70
- Profit (loss) carried forward -€10,909
down €10,909, from €5,250 to -€5,659
- Tax, wage and social debts -€8,453
down €8,453 (-46.3%), from €18,247 to €9,794
- Trade debts +€4,837
up €4,837 (+832.8%), from €581 to €5,417
- Gross operating margin -€53,840
down €53,840, from €44,325 to -€9,515
- Taxes -€3,494
no longer reported in 2025 (was €3,494)
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 | €43,998 | €29,473 | -€14,525 | -33.0% |
| Fixed assets | 21/28 | €864 | €252 | -€613 | -70.9% |
| Tangible fixed assets | 22/27 | €683 | €70 | -€613 | -89.8% |
| Furniture and vehicles | 24 | €683 | €70 | -€613 | -89.8% |
| Financial fixed assets | 28 | €182 | €182 | = | 0.0% |
| Current assets | 29/58 | €43,134 | €29,221 | -€13,912 | -32.3% |
| Amounts receivable within one year | 40/41 | €5,950 | €27,070 | +€21,121 | +355.0% |
| Trade receivables | 40 | €4,739 | €4,739 | = | 0.0% |
| Other amounts receivable | 41 | €1,210 | €22,331 | +€21,121 | +1745.2% |
| Cash at bank and in hand | 54/58 | €36,797 | €2,151 | -€34,646 | -94.2% |
| Deferred charges and accrued income | 490/1 | €387 | - | -€387 | |
| Total equity and liabilities | 10/49 | €43,998 | €29,473 | -€14,525 | -33.0% |
| Equity | 10/15 | €23,850 | €12,941 | -€10,909 | -45.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,250 | -€5,659 | -€10,909 | |
| Amounts payable | 17/49 | €20,148 | €16,532 | -€3,616 | -17.9% |
| Amounts payable within one year | 42/48 | €20,148 | €16,532 | -€3,616 | -17.9% |
| Trade debts | 44 | €581 | €5,417 | +€4,837 | +832.8% |
| Suppliers | 440/4 | €581 | €5,417 | +€4,837 | +832.8% |
| Taxes, remuneration and social security | 45 | €18,247 | €9,794 | -€8,453 | -46.3% |
| Taxes | 450/3 | €18,247 | €9,794 | -€8,453 | -46.3% |
| Other amounts payable | 47/48 | €1,320 | €1,320 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €613 | -€99 | -13.9% |
| Other operating charges | 640/8 | €925 | €676 | -€249 | -26.9% |
| Gross operating margin | 9900 | €44,325 | -€9,515 | -€53,840 | |
| Operating profit (loss) | 9901 | €42,689 | -€10,804 | -€53,492 | |
| Financial charges | 65/66B | €370 | €105 | -€265 | -71.7% |
| Recurring financial charges | 65 | €370 | €105 | -€265 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €42,318 | -€10,909 | -€53,227 | |
| Income taxes | 67/77 | €3,494 | - | -€3,494 | |
| Profit (loss) for the period | 9904 | €38,824 | -€10,909 | -€49,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,824 | -€10,909 | -€49,733 |
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 12 October 2026 via checked.be.