RENOVA DECO: 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 DECO
Largest movements
- Cash +€110,427
up €110,427 (+67.8%), from €162,890 to €273,318
mainly Other debts (+€373,924) and Net result for the year (+€294,550)
- Receivables within one year -€53,328
down €53,328 (-20.0%), from €266,285 to €212,957
of which Trade receivables: -€71,401
- Tangible fixed assets +€31,671
up €31,671 (+296%), from €10,708 to €42,380
of which Furniture and vehicles: +€32,157
- Other debts +€373,924
up €373,924 (+1,714%), from €21,815 to €395,739
- Profit (loss) carried forward -€202,512
no longer reported in 2025 (was €202,512)
- Trade debts -€118,626
down €118,626 (-59.6%), from €199,154 to €80,527
- Tax, wage and social debts +€39,200
up €39,200 (+192%), from €20,458 to €59,657
of which Taxes: +€42,337
- Gross operating margin +€293,698
up €293,698 (+110%), from €266,298 to €559,997
- Taxes +€78,087
up €78,087 (+535%), from €14,604 to €92,691
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 | €445,939 | €537,924 | +€91,985 | +20.6% |
| Fixed assets | 21/28 | €10,708 | €43,680 | +€32,971 | +308% |
| Tangible fixed assets | 22/27 | €10,708 | €42,380 | +€31,671 | +296% |
| Plant, machinery and equipment | 23 | €2,279 | €1,794 | -€486 | -21.3% |
| Furniture and vehicles | 24 | €8,429 | €40,586 | +€32,157 | +382% |
| Financial fixed assets | 28 | - | €1,300 | +€1,300 | |
| Current assets | 29/58 | €435,231 | €494,244 | +€59,013 | +13.6% |
| Amounts receivable within one year | 40/41 | €266,285 | €212,957 | -€53,328 | -20.0% |
| Trade receivables | 40 | €258,445 | €187,044 | -€71,401 | -27.6% |
| Other amounts receivable | 41 | €7,840 | €25,913 | +€18,072 | +231% |
| Cash at bank and in hand | 54/58 | €162,890 | €273,318 | +€110,427 | +67.8% |
| Deferred charges and accrued income | 490/1 | €6,055 | €7,969 | +€1,914 | +31.6% |
| Total equity and liabilities | 10/49 | €445,939 | €537,924 | +€91,985 | +20.6% |
| Equity | 10/15 | €204,512 | €2,000 | -€202,512 | -99.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202,512 | - | -€202,512 | |
| Amounts payable | 17/49 | €241,427 | €535,924 | +€294,497 | +122% |
| Amounts payable within one year | 42/48 | €241,427 | €535,924 | +€294,497 | +122% |
| Trade debts | 44 | €199,154 | €80,527 | -€118,626 | -59.6% |
| Suppliers | 440/4 | €199,154 | €80,527 | -€118,626 | -59.6% |
| Taxes, remuneration and social security | 45 | €20,458 | €59,657 | +€39,200 | +192% |
| Taxes | 450/3 | €1,471 | €43,808 | +€42,337 | +2,879% |
| Remuneration and social security | 454/9 | €18,987 | €15,849 | -€3,138 | -16.5% |
| Other amounts payable | 47/48 | €21,815 | €395,739 | +€373,924 | +1,714% |
| Remuneration, social security and pensions | 62 | €154,952 | €156,639 | +€1,686 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,937 | €9,102 | +€3,165 | +53.3% |
| Other operating charges | 640/8 | €1,270 | €2,971 | +€1,701 | +134% |
| Non-recurring operating charges | 66A | - | €1,397 | +€1,397 | |
| Gross operating margin | 9900 | €266,298 | €559,997 | +€293,698 | +110% |
| Operating profit (loss) | 9901 | €104,140 | €389,889 | +€285,749 | +274% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,461 | €2,648 | +€1,187 | +81.2% |
| Recurring financial charges | 65 | €1,461 | €2,648 | +€1,187 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €102,681 | €387,240 | +€284,560 | +277% |
| Income taxes | 67/77 | €14,604 | €92,691 | +€78,087 | +535% |
| Profit (loss) for the period | 9904 | €88,077 | €294,550 | +€206,473 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €88,077 | €294,550 | +€206,473 | +234% |
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 24 October 2026 via checked.be.