RENOVA: 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.
RENOVA
Largest movements
- Receivables within one year +€872,087
up €872,087 (+4,674%), from €18,659 to €890,746
of which Other amounts receivable: +€865,302
- Cash +€253,672
up €253,672 (+29.0%), from €873,299 to €1.1m
mainly Net result for the year (+€800,969) and Provisions (+€266,000)
- Tangible fixed assets -€53,008
down €53,008 (-8.1%), from €652,896 to €599,888
of which Land and buildings: -€44,538
- Reserves +€800,969
up €800,969 (+31.3%), from €2.6m to €3.4m
of which Tax-exempt reserves: +€798,167
- Provisions +€266,000
new in 2025: €266,000
- Gross operating margin +€977,765
up €977,765 (+629%), from €155,426 to €1.1m
- Taxes -€15,302
down €15,302 (-79.0%), from €19,366 to €4,064
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 | €3,081,159 | €4,150,435 | +€1.1m | +34.7% |
| Fixed assets | 21/28 | €671,777 | €618,780 | -€52,997 | -7.9% |
| Tangible fixed assets | 22/27 | €652,896 | €599,888 | -€53,008 | -8.1% |
| Land and buildings | 22 | €630,447 | €585,909 | -€44,538 | -7.1% |
| Plant, machinery and equipment | 23 | €8,144 | €5,332 | -€2,813 | -34.5% |
| Furniture and vehicles | 24 | €14,305 | €8,647 | -€5,658 | -39.6% |
| Financial fixed assets | 28 | €18,881 | €18,892 | +€11 | +0.1% |
| Current assets | 29/58 | €2,409,382 | €3,531,655 | +€1.1m | +46.6% |
| Stocks and contracts in progress | 3 | €1,516,946 | €1,509,819 | -€7,127 | -0.5% |
| Stocks | 30/36 | €1,516,946 | €1,509,819 | -€7,127 | -0.5% |
| Amounts receivable within one year | 40/41 | €18,659 | €890,746 | +€872,087 | +4,674% |
| Trade receivables | 40 | €18,025 | €24,810 | +€6,785 | +37.6% |
| Other amounts receivable | 41 | €634 | €865,936 | +€865,302 | +136,498% |
| Cash at bank and in hand | 54/58 | €873,299 | €1,126,971 | +€253,672 | +29.0% |
| Deferred charges and accrued income | 490/1 | €478 | €4,119 | +€3,641 | +762% |
| Total equity and liabilities | 10/49 | €3,081,159 | €4,150,435 | +€1.1m | +34.7% |
| Equity | 10/15 | €3,055,331 | €3,856,299 | +€800,969 | +26.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €2,555,331 | €3,356,299 | +€800,969 | +31.3% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €798,167 | +€798,167 | |
| Distributable reserves | 133 | €2,505,331 | €2,508,132 | +€2,801 | +0.1% |
| Provisions and deferred taxes | 16 | - | €266,000 | +€266,000 | |
| Deferred taxes | 168 | - | €266,000 | +€266,000 | |
| Amounts payable | 17/49 | €25,828 | €28,136 | +€2,308 | +8.9% |
| Amounts payable after more than one year | 17 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,728 | €26,206 | +€1,478 | +6.0% |
| Trade debts | 44 | €17,510 | €18,350 | +€839 | +4.8% |
| Suppliers | 440/4 | €17,510 | €18,350 | +€839 | +4.8% |
| Taxes, remuneration and social security | 45 | €3,848 | €6,228 | +€2,380 | +61.8% |
| Taxes | 450/3 | €3,848 | €6,228 | +€2,380 | +61.8% |
| Other amounts payable | 47/48 | €3,370 | €1,628 | -€1,741 | -51.7% |
| Accrued charges and deferred income | 492/3 | - | €830 | +€830 | |
| Non-recurring operating income | 76A | - | €1,064,167 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,597 | €44,048 | -€10,549 | -19.3% |
| Other operating charges | 640/8 | €23,057 | €24,520 | +€1,463 | +6.3% |
| Gross operating margin | 9900 | €155,426 | €1,133,192 | +€977,765 | +629% |
| Operating profit (loss) | 9901 | €77,773 | €1,064,624 | +€986,851 | +1,269% |
| Financial income | 75/76B | - | €9,114 | +€9,114 | |
| Recurring financial income | 75 | - | €9,114 | +€9,114 | |
| Financial charges | 65/66B | €2,160 | €2,706 | +€546 | +25.3% |
| Recurring financial charges | 65 | €2,160 | €2,706 | +€546 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €75,613 | €1,071,032 | +€995,419 | +1,316% |
| Transfer to deferred taxes | 680 | - | €266,000 | +€266,000 | |
| Income taxes | 67/77 | €19,366 | €4,064 | -€15,302 | -79.0% |
| Profit (loss) for the period | 9904 | €56,247 | €800,969 | +€744,722 | +1,324% |
| Transfer to tax-exempt reserves | 689 | - | €798,167 | +€798,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,247 | €2,801 | -€53,445 | -95.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.