RENOVA-SOLUTION: what changed
Two fiscal 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-SOLUTION
Largest movements
- Receivables within one year -€47,528
down €47,528 (-64.7%), from €73,482 to €25,954
of which Trade receivables: -€43,442
- Cash -€35,685
down €35,685 (-49.0%), from €72,843 to €37,159
mainly Net result for the year (-€98,495) and Investment in fixed assets (net) (-€37,660)
- Tangible fixed assets +€25,289
up €25,289 (+171.6%), from €14,739 to €40,028
of which Furniture and vehicles: +€25,678
- Stocks and contracts +€13,818
up €13,818 (+61.5%), from €22,482 to €36,300
- Deferred charges and accrued income -€9,501
down €9,501 (-14.0%), from €67,639 to €58,138
- Profit (loss) carried forward -€98,495
down €98,495 (-1922.2%), from -€5,124 to -€103,619
- Debts after one year +€26,445
up €26,445 (+1155.5%), from €2,289 to €28,734
- Other debts -€16,755
down €16,755 (-59.7%), from €28,078 to €11,323
- Trade debts +€13,358
up €13,358 (+19.1%), from €69,779 to €83,136
- Accrued charges and deferred income +€12,602
up €12,602 (+46.2%), from €27,297 to €39,899
- Gross operating margin -€101,047
down €101,047 (-49.1%), from €205,811 to €104,764
- Staff costs -€6,722
down €6,722 (-3.6%), from €187,889 to €181,167
- Depreciation -€4,337
down €4,337 (-26.0%), from €16,708 to €12,371
- Taxes -€3,961
down €3,961 (-94.4%), from €4,196 to €235
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.
Cash bridge derived
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 | €251,186 | €197,580 | -€53,606 | -21.3% |
| Fixed assets | 21/28 | €14,739 | €40,028 | +€25,289 | +171.6% |
| Tangible fixed assets | 22/27 | €14,739 | €40,028 | +€25,289 | +171.6% |
| Plant, machinery and equipment | 23 | €4,709 | €4,320 | -€389 | -8.3% |
| Furniture and vehicles | 24 | €10,030 | €35,708 | +€25,678 | +256.0% |
| Current assets | 29/58 | €236,447 | €157,552 | -€78,895 | -33.4% |
| Stocks and contracts in progress | 3 | €22,482 | €36,300 | +€13,818 | +61.5% |
| Stocks | 30/36 | €22,482 | €36,300 | +€13,818 | +61.5% |
| Amounts receivable within one year | 40/41 | €73,482 | €25,954 | -€47,528 | -64.7% |
| Trade receivables | 40 | €53,784 | €10,343 | -€43,442 | -80.8% |
| Other amounts receivable | 41 | €19,698 | €15,612 | -€4,086 | -20.7% |
| Cash at bank and in hand | 54/58 | €72,843 | €37,159 | -€35,685 | -49.0% |
| Deferred charges and accrued income | 490/1 | €67,639 | €58,138 | -€9,501 | -14.0% |
| Total equity and liabilities | 10/49 | €251,186 | €197,580 | -€53,606 | -21.3% |
| Equity | 10/15 | €2,931 | -€95,564 | -€98,495 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | - | €1,855 | +€1,855 | |
| Profit (loss) carried forward | 14 | -€5,124 | -€103,619 | -€98,495 | -1922.2% |
| Amounts payable | 17/49 | €248,255 | €293,144 | +€44,889 | +18.1% |
| Amounts payable after more than one year | 17 | €2,289 | €28,734 | +€26,445 | +1155.5% |
| Financial debts | 170/4 | €2,289 | €28,734 | +€26,445 | +1155.5% |
| Amounts payable within one year | 42/48 | €218,670 | €224,511 | +€5,841 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €9,352 | €10,654 | +€1,303 | +13.9% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €69,779 | €83,136 | +€13,358 | +19.1% |
| Suppliers | 440/4 | €69,779 | €83,136 | +€13,358 | +19.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €36,461 | €44,398 | +€7,937 | +21.8% |
| Taxes | 450/3 | €8,986 | €8,886 | -€100 | -1.1% |
| Remuneration and social security | 454/9 | €27,475 | €35,511 | +€8,037 | +29.3% |
| Other amounts payable | 47/48 | €28,078 | €11,323 | -€16,755 | -59.7% |
| Accrued charges and deferred income | 492/3 | €27,297 | €39,899 | +€12,602 | +46.2% |
| Remuneration, social security and pensions | 62 | €187,889 | €181,167 | -€6,722 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,708 | €12,371 | -€4,337 | -26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,594 | €3,212 | -€382 | -10.6% |
| Gross operating margin | 9900 | €205,811 | €104,764 | -€101,047 | -49.1% |
| Operating profit (loss) | 9901 | -€2,380 | -€91,987 | -€89,607 | -3764.4% |
| Financial income | 75/76B | €1,098 | €516 | -€583 | -53.0% |
| Recurring financial income | 75 | €1,098 | €516 | -€583 | -53.0% |
| Financial charges | 65/66B | €8,709 | €6,789 | -€1,919 | -22.0% |
| Recurring financial charges | 65 | €8,709 | €6,789 | -€1,919 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,991 | -€98,261 | -€88,270 | -883.5% |
| Income taxes | 67/77 | €4,196 | €235 | -€3,961 | -94.4% |
| Profit (loss) for the period | 9904 | -€14,187 | -€98,495 | -€84,308 | -594.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,187 | -€98,495 | -€84,308 | -594.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.