Rénov'Max: 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.
Rénov'Max
Largest movements
- Deferred charges and accrued income -€1,764
down €1,764 (-100%), from €1,764 to €0
- Cash -€1,686
down €1,686 (-72.2%), from €2,336 to €650
mainly Net result for the year (-€6,402) and Receivables within one year (-€289)
- Tangible fixed assets -€354
down €354 (-100%), from €354 to €0
of which Plant, machinery and equipment: -€354
- Receivables within one year +€289
up €289 (+7.4%), from €3,906 to €4,194
of which Other amounts receivable: +€2,000
- Profit (loss) carried forward -€6,402
down €6,402 (-515%), from -€1,244 to -€7,646
- Trade debts +€2,887
up €2,887 (+128%), from €2,262 to €5,149
- Gross operating margin -€4,173
down €4,173 (-397%), from -€1,052 to -€5,225
- Other operating charges -€890
down €890 (-89.9%), from €990 to €100
- Depreciation -€640
down €640 (-64.4%), from €994 to €354
- Financial charges -€138
down €138 (-16.0%), from €866 to €728
- Financial income -€76
down €76 (-94.2%), from €81 to €5
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 | €8,360 | €4,845 | -€3,515 | -42.0% |
| Fixed assets | 21/28 | €354 | €0 | -€354 | -100% |
| Tangible fixed assets | 22/27 | €354 | €0 | -€354 | -100% |
| Plant, machinery and equipment | 23 | €354 | €0 | -€354 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €8,006 | €4,845 | -€3,161 | -39.5% |
| Amounts receivable within one year | 40/41 | €3,906 | €4,194 | +€289 | +7.4% |
| Trade receivables | 40 | €2,379 | €668 | -€1,711 | -71.9% |
| Other amounts receivable | 41 | €1,526 | €3,526 | +€2,000 | +131% |
| Cash at bank and in hand | 54/58 | €2,336 | €650 | -€1,686 | -72.2% |
| Deferred charges and accrued income | 490/1 | €1,764 | €0 | -€1,764 | -100% |
| Total equity and liabilities | 10/49 | €8,360 | €4,845 | -€3,515 | -42.0% |
| Equity | 10/15 | €6,098 | -€304 | -€6,402 | |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,042 | €1,042 | = | 0.0% |
| Distributable reserves | 133 | €1,042 | €1,042 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,244 | -€7,646 | -€6,402 | -515% |
| Amounts payable | 17/49 | €2,262 | €5,149 | +€2,887 | +128% |
| Amounts payable within one year | 42/48 | €2,262 | €5,149 | +€2,887 | +128% |
| Trade debts | 44 | €2,262 | €5,149 | +€2,887 | +128% |
| Suppliers | 440/4 | €2,262 | €5,149 | +€2,887 | +128% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994 | €354 | -€640 | -64.4% |
| Other operating charges | 640/8 | €990 | €100 | -€890 | -89.9% |
| Gross operating margin | 9900 | -€1,052 | -€5,225 | -€4,173 | -397% |
| Operating profit (loss) | 9901 | -€3,035 | -€5,679 | -€2,643 | -87.1% |
| Financial income | 75/76B | €81 | €5 | -€76 | -94.2% |
| Recurring financial income | 75 | €81 | €5 | -€76 | -94.2% |
| Financial charges | 65/66B | €866 | €728 | -€138 | -16.0% |
| Recurring financial charges | 65 | €866 | €728 | -€138 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,820 | -€6,402 | -€2,581 | -67.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,820 | -€6,402 | -€2,581 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,820 | -€6,402 | -€2,581 | -67.6% |
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 24 October 2026 via checked.be.