RENOVA - BAT: 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 - BAT
Largest movements
- Receivables within one year +€14,573
up €14,573 (+28.3%), from €51,437 to €66,010
- Tangible fixed assets -€11,699
down €11,699 (-28.2%), from €41,437 to €29,738
- Cash -€6,494
down €6,494 (-87.9%), from €7,389 to €895
mainly Receivables within one year (-€14,573) and Debts (-€12,706)
- Debts -€12,706
down €12,706 (-34.1%), from €37,281 to €24,575
of which Debts after one year: -€11,981
- Profit (loss) carried forward +€8,630
up €8,630 (+25.3%), from €34,060 to €42,690
- Gross operating margin -€9,809
down €9,809 (-4.0%), from €244,481 to €234,672
- Taxes -€2,475
down €2,475 (-49.8%), from €4,967 to €2,492
From the 2008 result to the 2009 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 2008 and 2009 balance sheets and the 2009 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2008 | 2009 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,263 | €96,643 | -€3,620 | -3.6% |
| Fixed assets | 21/28 | €41,437 | €29,738 | -€11,699 | -28.2% |
| Tangible fixed assets | 22/27 | €41,437 | €29,738 | -€11,699 | -28.2% |
| Current assets | 29/58 | €58,826 | €66,905 | +€8,079 | +13.7% |
| Amounts receivable within one year | 40/41 | €51,437 | €66,010 | +€14,573 | +28.3% |
| Cash at bank and in hand | 54/58 | €7,389 | €895 | -€6,494 | -87.9% |
| Total equity and liabilities | 10/49 | €100,263 | €96,643 | -€3,620 | -3.6% |
| Equity | 10/15 | €62,982 | €72,067 | +€9,085 | +14.4% |
| Contributions | 10/11 | €27,000 | €27,000 | = | 0.0% |
| Reserves | 13 | €1,922 | €2,377 | +€455 | +23.7% |
| Profit (loss) carried forward | 14 | €34,060 | €42,690 | +€8,630 | +25.3% |
| Amounts payable | 17/49 | €37,281 | €24,575 | -€12,706 | -34.1% |
| Amounts payable after more than one year | 17 | €30,254 | €18,273 | -€11,981 | -39.6% |
| Amounts payable within one year | 42/48 | €5,850 | €6,302 | +€452 | +7.7% |
| Trade debts | 44 | €883 | €180 | -€703 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,242 | €12,149 | -€93 | -0.8% |
| Gross operating margin | 9900 | €244,481 | €234,672 | -€9,809 | -4.0% |
| Operating profit (loss) | 9901 | €18,652 | €13,110 | -€5,542 | -29.7% |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Recurring financial charges | 65 | €1,675 | €1,552 | -€123 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €16,977 | €11,577 | -€5,400 | -31.8% |
| Income taxes | 67/77 | €4,967 | €2,492 | -€2,475 | -49.8% |
| Profit (loss) for the period | 9904 | €12,010 | €9,085 | -€2,925 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,010 | €9,085 | -€2,925 | -24.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2008 and 31 December 2009. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.