Renov’Aria: what changed
Renov’Aria
Largest movements
- Cash +€18,290
new in 2025: €18,290
mainly Stocks and contracts (+€11,817) and Receivables within one year (+€10,502)
- Stocks and contracts -€11,817
down €11,817 (-88.7%), from €13,325 to €1,509
- Receivables within one year -€10,502
down €10,502 (-64.3%), from €16,345 to €5,843
of which Trade receivables: -€11,159
- Tangible fixed assets -€8,902
down €8,902 (-46.9%), from €18,979 to €10,077
of which Furniture and vehicles: -€8,852
- Short-term financial debts -€5,073
no longer reported in 2025 (was €5,073)
- Current portion of long-term debt -€4,250
down €4,250 (-34.1%), from €12,448 to €8,198
- Debts after one year -€2,390
no longer reported in 2025 (was €2,390)
- Other debts -€2,089
down €2,089 (-37.9%), from €5,511 to €3,422
- Advances received +€2,000
new in 2025: €2,000
- Gross operating margin +€4,424
up €4,424 (+43.2%), from €10,247 to €14,671
- Depreciation -€1,604
down €1,604 (-15.3%), from €10,505 to €8,902
- Other operating charges +€1,280
up €1,280 (+50.7%), from €2,527 to €3,807
- Financial charges +€760
up €760 (+144%), from €530 to €1,290
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 | €49,189 | €36,258 | -€12,931 | -26.3% |
| Fixed assets | 21/28 | €19,519 | €10,617 | -€8,902 | -45.6% |
| Tangible fixed assets | 22/27 | €18,979 | €10,077 | -€8,902 | -46.9% |
| Plant, machinery and equipment | 23 | €50 | - | -€50 | |
| Furniture and vehicles | 24 | €18,929 | €10,077 | -€8,852 | -46.8% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €29,670 | €25,641 | -€4,029 | -13.6% |
| Stocks and contracts in progress | 3 | €13,325 | €1,509 | -€11,817 | -88.7% |
| Stocks | 30/36 | €13,325 | €1,509 | -€11,817 | -88.7% |
| Amounts receivable within one year | 40/41 | €16,345 | €5,843 | -€10,502 | -64.3% |
| Trade receivables | 40 | €15,713 | €4,554 | -€11,159 | -71.0% |
| Other amounts receivable | 41 | €632 | €1,289 | +€657 | +104% |
| Cash at bank and in hand | 54/58 | - | €18,290 | +€18,290 | |
| Total equity and liabilities | 10/49 | €49,189 | €36,258 | -€12,931 | -26.3% |
| Equity | 10/15 | €9,484 | €10,156 | +€672 | +7.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,484 | €2,156 | +€672 | +45.3% |
| Amounts payable | 17/49 | €39,705 | €26,103 | -€13,603 | -34.3% |
| Amounts payable after more than one year | 17 | €2,390 | - | -€2,390 | |
| Financial debts | 170/4 | €2,390 | - | -€2,390 | |
| Amounts payable within one year | 42/48 | €37,316 | €26,103 | -€11,213 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €12,448 | €8,198 | -€4,250 | -34.1% |
| Financial debts | 43 | €5,073 | - | -€5,073 | |
| Other loans | 439 | €5,073 | - | -€5,073 | |
| Trade debts | 44 | €9,135 | €8,485 | -€651 | -7.1% |
| Suppliers | 440/4 | €9,135 | €8,485 | -€651 | -7.1% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €5,148 | €3,998 | -€1,150 | -22.3% |
| Taxes | 450/3 | €1,348 | €1,348 | = | 0.0% |
| Remuneration and social security | 454/9 | €3,800 | €2,650 | -€1,150 | -30.3% |
| Other amounts payable | 47/48 | €5,511 | €3,422 | -€2,089 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,505 | €8,902 | -€1,604 | -15.3% |
| Other operating charges | 640/8 | €2,527 | €3,807 | +€1,280 | +50.7% |
| Gross operating margin | 9900 | €10,247 | €14,671 | +€4,424 | +43.2% |
| Operating profit (loss) | 9901 | -€2,785 | €1,962 | +€4,747 | |
| Financial charges | 65/66B | €530 | €1,290 | +€760 | +144% |
| Recurring financial charges | 65 | €530 | €1,290 | +€760 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€3,315 | €672 | +€3,987 | |
| Profit (loss) for the period | 9904 | -€3,315 | €672 | +€3,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,315 | €672 | +€3,987 |
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 5 November 2026 via checked.be.