RENOVA-SELECT: 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-SELECT
Largest movements
- Stocks and contracts -€263,106
down €263,106 (-100.0%), from €263,106 to €0
- Current investments +€220,000
new in 2026: €220,000
- Cash +€13,715
up €13,715 (+1606.0%), from €854 to €14,568
mainly Stocks and contracts (+€263,106) and Net result for the year (+€8,509)
- Receivables within one year +€12,085
up €12,085 (+76197.5%), from €16 to €12,101
of which Trade receivables: +€12,000
- Trade debts -€27,554
down €27,554 (-98.4%), from €27,989 to €436
- Profit (loss) carried forward +€8,509
up €8,509 (+34.1%), from -€24,946 to -€16,437
- Gross operating margin +€16,247
up €16,247, from -€4,882 to €11,365
- Financial charges +€1,615
up €1,615 (+2669.4%), from €60 to €1,675
- Financial income +€290
up €290 (+548.3%), from €53 to €343
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €265,189 | €247,180 | -€18,008 | -6.8% |
| Formation expenses | 20 | €1,200 | €206 | -€994 | -82.8% |
| Current assets | 29/58 | €263,989 | €246,974 | -€17,015 | -6.4% |
| Stocks and contracts in progress | 3 | €263,106 | €0 | -€263,106 | -100.0% |
| Stocks | 30/36 | €263,106 | €0 | -€263,106 | -100.0% |
| Amounts receivable within one year | 40/41 | €16 | €12,101 | +€12,085 | +76197.5% |
| Trade receivables | 40 | €0 | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €16 | €101 | +€85 | +535.4% |
| Current investments | 50/53 | - | €220,000 | +€220,000 | |
| Cash at bank and in hand | 54/58 | €854 | €14,568 | +€13,715 | +1606.0% |
| Deferred charges and accrued income | 490/1 | €13 | €305 | +€292 | +2317.6% |
| Total equity and liabilities | 10/49 | €265,189 | €247,180 | -€18,008 | -6.8% |
| Equity | 10/15 | -€19,946 | -€11,437 | +€8,509 | +42.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,946 | -€16,437 | +€8,509 | +34.1% |
| Amounts payable | 17/49 | €285,135 | €258,617 | -€26,518 | -9.3% |
| Amounts payable after more than one year | 17 | €235,000 | €235,000 | = | 0.0% |
| Financial debts | 170/4 | €235,000 | €235,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,873 | €20,109 | -€26,763 | -57.1% |
| Trade debts | 44 | €27,989 | €436 | -€27,554 | -98.4% |
| Suppliers | 440/4 | €27,989 | €436 | -€27,554 | -98.4% |
| Other amounts payable | 47/48 | €18,883 | €19,674 | +€790 | +4.2% |
| Accrued charges and deferred income | 492/3 | €3,262 | €3,508 | +€246 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €994 | €994 | = | 0.0% |
| Other operating charges | 640/8 | €519 | €530 | +€11 | +2.0% |
| Gross operating margin | 9900 | -€4,882 | €11,365 | +€16,247 | |
| Operating profit (loss) | 9901 | -€6,395 | €9,842 | +€16,237 | |
| Financial income | 75/76B | €53 | €343 | +€290 | +548.3% |
| Recurring financial income | 75 | €53 | €343 | +€290 | +548.3% |
| Financial charges | 65/66B | €60 | €1,675 | +€1,615 | +2669.4% |
| Recurring financial charges | 65 | €60 | €1,675 | +€1,615 | +2669.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,403 | €8,509 | +€14,912 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,403 | €8,509 | +€14,912 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,403 | €8,509 | +€14,912 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.