RENOVA BELGIUM: what changed
RENOVA BELGIUM
Largest movements
- Receivables within one year -€449,490
down €449,490 (-39.8%), from €1.1m to €679,425
of which Trade receivables: -€450,580
- Deferred charges and accrued income +€226,008
up €226,008 (+60.1%), from €375,836 to €601,843
- Cash +€198,408
up €198,408 (+179%), from €110,967 to €309,374
mainly Receivables within one year (+€449,490) and Tax, wage and social debts (+€118,813)
- Tax, wage and social debts +€118,813
up €118,813 (+250%), from €47,492 to €166,305
of which Taxes: +€67,728
- Trade debts -€108,342
down €108,342 (-7.5%), from €1.4m to €1.3m
- Other debts -€65,016
down €65,016 (-100%), from €65,016 to €0
- Profit (loss) carried forward +€47,984
up €47,984, from €0 to €47,984
- Accrued charges and deferred income -€19,395
down €19,395 (-39.4%), from €49,256 to €29,861
- Turnover +€249,702
up €249,702 (+47.6%), from €524,371 to €774,073
- Gross operating margin +€234,924
up €234,924 (+99.1%), from €237,032 to €471,956
- Staff costs +€232,851
up €232,851 (+140%), from €166,270 to €399,121
- Purchases and services +€14,778
up €14,778 (+5.1%), from €287,339 to €302,117
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 | €1,617,940 | €1,591,984 | -€25,956 | -1.6% |
| Fixed assets | 21/28 | €2,222 | €1,341 | -€881 | -39.7% |
| Tangible fixed assets | 22/27 | €2,222 | €1,341 | -€881 | -39.7% |
| Plant, machinery and equipment | 23 | €2,222 | €1,341 | -€881 | -39.7% |
| Current assets | 29/58 | €1,615,718 | €1,590,643 | -€25,075 | -1.6% |
| Amounts receivable within one year | 40/41 | €1,128,915 | €679,425 | -€449,490 | -39.8% |
| Trade receivables | 40 | €1,128,060 | €677,480 | -€450,580 | -39.9% |
| Other amounts receivable | 41 | €855 | €1,945 | +€1,090 | +128% |
| Cash at bank and in hand | 54/58 | €110,967 | €309,374 | +€198,408 | +179% |
| Deferred charges and accrued income | 490/1 | €375,836 | €601,843 | +€226,008 | +60.1% |
| Total equity and liabilities | 10/49 | €1,617,940 | €1,591,984 | -€25,956 | -1.6% |
| Equity | 10/15 | €20,460 | €68,444 | +€47,984 | +235% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €47,984 | +€47,984 | |
| Amounts payable | 17/49 | €1,597,480 | €1,523,540 | -€73,941 | -4.6% |
| Amounts payable within one year | 42/48 | €1,548,224 | €1,493,679 | -€54,546 | -3.5% |
| Trade debts | 44 | €1,435,716 | €1,327,374 | -€108,342 | -7.5% |
| Suppliers | 440/4 | €1,435,716 | €1,327,374 | -€108,342 | -7.5% |
| Taxes, remuneration and social security | 45 | €47,492 | €166,305 | +€118,813 | +250% |
| Taxes | 450/3 | €26,239 | €93,967 | +€67,728 | +258% |
| Remuneration and social security | 454/9 | €21,253 | €72,338 | +€51,085 | +240% |
| Other amounts payable | 47/48 | €65,016 | €0 | -€65,016 | -100% |
| Accrued charges and deferred income | 492/3 | €49,256 | €29,861 | -€19,395 | -39.4% |
| Turnover | 70 | €524,371 | €774,073 | +€249,702 | +47.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €287,339 | €302,117 | +€14,778 | +5.1% |
| Remuneration, social security and pensions | 62 | €166,270 | €399,121 | +€232,851 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €881 | +€461 | +110% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €7 | €0 | -€7 | -99.3% |
| Gross operating margin | 9900 | €237,032 | €471,956 | +€234,924 | +99.1% |
| Operating profit (loss) | 9901 | €69,367 | €70,955 | +€1,589 | +2.3% |
| Financial charges | 65/66B | €1,310 | €2,683 | +€1,373 | +105% |
| Recurring financial charges | 65 | €1,310 | €2,683 | +€1,373 | +105% |
| Profit (loss) for the period before taxes | 9903 | €68,056 | €68,272 | +€216 | +0.3% |
| Income taxes | 67/77 | €22,581 | €20,288 | -€2,294 | -10.2% |
| Profit (loss) for the period | 9904 | €45,475 | €47,984 | +€2,509 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,475 | €47,984 | +€2,509 | +5.5% |
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 3 November 2026 via checked.be.