RENOVA ART: what changed
RENOVA ART
Largest movements
- Receivables within one year +€7,102
up €7,102 (+34.7%), from €20,451 to €27,553
of which Trade receivables: +€5,422
- Cash -€4,590
down €4,590 (-14.6%), from €31,425 to €26,835
mainly Receivables within one year (-€7,102) and Tax, wage and social debts (-€4,242)
- Profit (loss) carried forward +€8,713
up €8,713 (+42.6%), from €20,440 to €29,153
- Tax, wage and social debts -€4,242
down €4,242 (-59.4%), from €7,147 to €2,904
- Trade debts -€3,522
down €3,522 (-95.4%), from €3,690 to €168
- Other debts +€1,563
up €1,563 (+16.3%), from €9,600 to €11,163
- Purchases and services +€21,514
up €21,514 (+141%), from €15,250 to €36,764
- Gross operating margin -€16,686
down €16,686 (-56.1%), from €29,751 to €13,065
- Taxes -€3,742
down €3,742 (-52.4%), from €7,147 to €3,405
- Depreciation -€1,116
no longer reported in 2025 (was €1,116)
- Other operating charges +€860
up €860 (+1,749%), from €49 to €909
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 | €51,876 | €54,388 | +€2,512 | +4.8% |
| Current assets | 29/58 | €51,876 | €54,388 | +€2,512 | +4.8% |
| Amounts receivable within one year | 40/41 | €20,451 | €27,553 | +€7,102 | +34.7% |
| Trade receivables | 40 | €19,662 | €25,084 | +€5,422 | +27.6% |
| Other amounts receivable | 41 | €789 | €2,470 | +€1,680 | +213% |
| Cash at bank and in hand | 54/58 | €31,425 | €26,835 | -€4,590 | -14.6% |
| Total equity and liabilities | 10/49 | €51,876 | €54,388 | +€2,512 | +4.8% |
| Equity | 10/15 | €31,440 | €40,153 | +€8,713 | +27.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,440 | €29,153 | +€8,713 | +42.6% |
| Amounts payable | 17/49 | €20,436 | €14,235 | -€6,201 | -30.3% |
| Amounts payable within one year | 42/48 | €20,436 | €14,235 | -€6,201 | -30.3% |
| Trade debts | 44 | €3,690 | €168 | -€3,522 | -95.4% |
| Suppliers | 440/4 | €3,690 | €168 | -€3,522 | -95.4% |
| Taxes, remuneration and social security | 45 | €7,147 | €2,904 | -€4,242 | -59.4% |
| Taxes | 450/3 | €7,147 | €2,904 | -€4,242 | -59.4% |
| Other amounts payable | 47/48 | €9,600 | €11,163 | +€1,563 | +16.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,250 | €36,764 | +€21,514 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,116 | - | -€1,116 | |
| Other operating charges | 640/8 | €49 | €909 | +€860 | +1,749% |
| Gross operating margin | 9900 | €29,751 | €13,065 | -€16,686 | -56.1% |
| Operating profit (loss) | 9901 | €28,587 | €12,156 | -€16,430 | -57.5% |
| Financial charges | 65/66B | - | €38 | +€38 | |
| Recurring financial charges | 65 | - | €38 | +€38 | |
| Profit (loss) for the period before taxes | 9903 | €28,587 | €12,118 | -€16,469 | -57.6% |
| Income taxes | 67/77 | €7,147 | €3,405 | -€3,742 | -52.4% |
| Profit (loss) for the period | 9904 | €21,440 | €8,713 | -€12,727 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,440 | €8,713 | -€12,727 | -59.4% |
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 4 November 2026 via checked.be.