RENOVA.BE: 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.BE
Largest movements
- Cash -€133,733
down €133,733 (-97.4%), from €137,296 to €3,563
mainly Other debts (-€124,651) and Receivables within one year (-€34,547)
- Receivables within one year +€34,547
up €34,547 (+108%), from €31,952 to €66,499
of which Trade receivables: +€26,735
- Stocks and contracts +€6,843
new in 2025: €6,843
- Deferred charges and accrued income -€2,036
no longer reported in 2025 (was €2,036)
- Other debts -€124,651
down €124,651 (-88.0%), from €141,651 to €17,000
- Trade debts +€29,440
up €29,440 (+3,400%), from €866 to €30,306
- Tax, wage and social debts -€12,999
down €12,999 (-68.3%), from €19,032 to €6,033
of which Taxes: -€13,000
- Profit (loss) carried forward +€8,287
up €8,287 (+136%), from €6,115 to €14,402
- Advances received +€5,714
new in 2025: €5,714
- Gross operating margin -€23,051
down €23,051 (-40.7%), from €56,702 to €33,651
- Taxes +€4,307
new in 2025: €4,307
- Depreciation -€814
down €814 (-51.1%), from €1,593 to €779
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 | €172,664 | €78,455 | -€94,209 | -54.6% |
| Fixed assets | 21/28 | €1,380 | €1,550 | +€170 | +12.3% |
| Tangible fixed assets | 22/27 | €1,380 | €1,550 | +€170 | +12.3% |
| Plant, machinery and equipment | 23 | €723 | €1,226 | +€503 | +69.6% |
| Furniture and vehicles | 24 | €657 | €324 | -€333 | -50.7% |
| Current assets | 29/58 | €171,284 | €76,905 | -€94,379 | -55.1% |
| Stocks and contracts in progress | 3 | - | €6,843 | +€6,843 | |
| Stocks | 30/36 | - | €6,843 | +€6,843 | |
| Amounts receivable within one year | 40/41 | €31,952 | €66,499 | +€34,547 | +108% |
| Trade receivables | 40 | €17,733 | €44,468 | +€26,735 | +151% |
| Other amounts receivable | 41 | €14,219 | €22,031 | +€7,812 | +54.9% |
| Cash at bank and in hand | 54/58 | €137,296 | €3,563 | -€133,733 | -97.4% |
| Deferred charges and accrued income | 490/1 | €2,036 | - | -€2,036 | |
| Total equity and liabilities | 10/49 | €172,664 | €78,455 | -€94,209 | -54.6% |
| Equity | 10/15 | €11,115 | €19,402 | +€8,287 | +74.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,115 | €14,402 | +€8,287 | +136% |
| Amounts payable | 17/49 | €161,549 | €59,053 | -€102,496 | -63.4% |
| Amounts payable within one year | 42/48 | €161,549 | €59,053 | -€102,496 | -63.4% |
| Trade debts | 44 | €866 | €30,306 | +€29,440 | +3,400% |
| Suppliers | 440/4 | €866 | €30,306 | +€29,440 | +3,400% |
| Advances received on contracts in progress | 46 | - | €5,714 | +€5,714 | |
| Taxes, remuneration and social security | 45 | €19,032 | €6,033 | -€12,999 | -68.3% |
| Taxes | 450/3 | €16,000 | €3,000 | -€13,000 | -81.3% |
| Remuneration and social security | 454/9 | €3,032 | €3,033 | +€1 | 0.0% |
| Other amounts payable | 47/48 | €141,651 | €17,000 | -€124,651 | -88.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,593 | €779 | -€814 | -51.1% |
| Gross operating margin | 9900 | €56,702 | €33,651 | -€23,051 | -40.7% |
| Operating profit (loss) | 9901 | €55,109 | €32,872 | -€22,237 | -40.4% |
| Financial charges | 65/66B | €154 | €278 | +€124 | +80.5% |
| Recurring financial charges | 65 | €154 | €278 | +€124 | +80.5% |
| Profit (loss) for the period before taxes | 9903 | €54,955 | €32,594 | -€22,361 | -40.7% |
| Income taxes | 67/77 | - | €4,307 | +€4,307 | |
| Profit (loss) for the period | 9904 | €54,955 | €28,287 | -€26,668 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,955 | €28,287 | -€26,668 | -48.5% |
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 22 October 2026 via checked.be.