RENOVA GROUP: 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 GROUP
Largest movements
- Receivables within one year -€8,746
down €8,746 (-67.6%), from €12,946 to €4,200
of which Other amounts receivable: -€6,970
- Tangible fixed assets +€8,073
up €8,073 (+114%), from €7,102 to €15,175
of which Furniture and vehicles: +€8,331
- Cash -€563
down €563 (-68.9%), from €817 to €254
mainly Investment in fixed assets (net) (-€13,500) and Net result for the year (-€13,141)
- Other debts +€19,380
up €19,380 (+21.8%), from €89,005 to €108,385
- Profit (loss) carried forward -€13,141
down €13,141 (-11.5%), from -€114,009 to -€127,149
- Trade debts -€7,748
down €7,748 (-30.8%), from €25,150 to €17,402
- Accrued charges and deferred income +€400
new in 2025: €400
- Depreciation +€2,209
up €2,209 (+68.6%), from €3,218 to €5,427
- Staff costs -€407
down €407 (-100%), from €407 to €0
- Gross operating margin +€303
up €303 (+4.1%), from -€7,331 to -€7,028
- Other operating charges -€266
down €266 (-32.9%), from €807 to €541
- Financial income -€78
down €78 (-98.5%), from €79 to €1
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 | €20,865 | €19,629 | -€1,236 | -5.9% |
| Fixed assets | 21/28 | €7,102 | €15,175 | +€8,073 | +114% |
| Tangible fixed assets | 22/27 | €7,102 | €15,175 | +€8,073 | +114% |
| Plant, machinery and equipment | 23 | €258 | €0 | -€258 | -100% |
| Furniture and vehicles | 24 | €6,844 | €15,175 | +€8,331 | +122% |
| Current assets | 29/58 | €13,763 | €4,454 | -€9,309 | -67.6% |
| Amounts receivable within one year | 40/41 | €12,946 | €4,200 | -€8,746 | -67.6% |
| Trade receivables | 40 | €3,193 | €1,416 | -€1,776 | -55.6% |
| Other amounts receivable | 41 | €9,753 | €2,783 | -€6,970 | -71.5% |
| Cash at bank and in hand | 54/58 | €817 | €254 | -€563 | -68.9% |
| Total equity and liabilities | 10/49 | €20,865 | €19,629 | -€1,236 | -5.9% |
| Equity | 10/15 | -€93,557 | -€106,698 | -€13,141 | -14.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,009 | -€127,149 | -€13,141 | -11.5% |
| Amounts payable | 17/49 | €114,422 | €126,327 | +€11,905 | +10.4% |
| Amounts payable within one year | 42/48 | €114,422 | €125,927 | +€11,505 | +10.1% |
| Trade debts | 44 | €25,150 | €17,402 | -€7,748 | -30.8% |
| Suppliers | 440/4 | €25,150 | €17,402 | -€7,748 | -30.8% |
| Taxes, remuneration and social security | 45 | €267 | €141 | -€127 | -47.4% |
| Taxes | 450/3 | €267 | €141 | -€127 | -47.4% |
| Other amounts payable | 47/48 | €89,005 | €108,385 | +€19,380 | +21.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €407 | €0 | -€407 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,218 | €5,427 | +€2,209 | +68.6% |
| Other operating charges | 640/8 | €807 | €541 | -€266 | -32.9% |
| Gross operating margin | 9900 | -€7,331 | -€7,028 | +€303 | +4.1% |
| Operating profit (loss) | 9901 | -€11,763 | -€12,996 | -€1,233 | -10.5% |
| Financial income | 75/76B | €79 | €1 | -€78 | -98.5% |
| Recurring financial income | 75 | €79 | €1 | -€78 | -98.5% |
| Financial charges | 65/66B | €44 | €5 | -€39 | -88.7% |
| Recurring financial charges | 65 | €44 | €5 | -€39 | -88.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,727 | -€13,000 | -€1,273 | -10.9% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.4% |
| Profit (loss) for the period | 9904 | -€11,868 | -€13,141 | -€1,273 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,868 | -€13,141 | -€1,273 | -10.7% |
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 26 October 2026 via checked.be.