RENOVA TEAM: 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 TEAM
Largest movements
- Tangible fixed assets +€514,464
up €514,464 (+562%), from €91,554 to €606,018
of which Land and buildings: +€549,466
- Cash +€75,375
up €75,375 (+189%), from €39,894 to €115,269
mainly Debts after one year (+€615,647) and Depreciation (+€35,538)
- Receivables within one year -€15,207
down €15,207 (-5.5%), from €277,894 to €262,687
of which Trade receivables: -€19,182
- Stocks and contracts +€12,178
up €12,178 (+84.0%), from €14,505 to €26,683
- Debts after one year +€615,647
up €615,647 (+3,207%), from €19,199 to €634,846
- Advances received -€60,000
no longer reported in 2025 (was €60,000)
- Reserves +€24,750
up €24,750 (+46.4%), from €53,360 to €78,110
- Current portion of long-term debt +€11,623
up €11,623 (+62.5%), from €18,595 to €30,218
- Gross operating margin +€94,361
up €94,361 (+67.1%), from €140,590 to €234,951
- Other operating charges +€86,130
up €86,130 (+2,460%), from €3,502 to €89,631
- Staff costs +€15,678
up €15,678 (+34.3%), from €45,680 to €61,358
- Depreciation -€12,482
down €12,482 (-26.0%), from €48,020 to €35,538
- Financial charges +€11,489
up €11,489 (+593%), from €1,937 to €13,426
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 | €431,237 | €1,023,318 | +€592,081 | +137% |
| Fixed assets | 21/28 | €94,899 | €609,363 | +€514,464 | +542% |
| Tangible fixed assets | 22/27 | €91,554 | €606,018 | +€514,464 | +562% |
| Land and buildings | 22 | - | €549,466 | +€549,466 | |
| Plant, machinery and equipment | 23 | €9,628 | €23,006 | +€13,378 | +139% |
| Furniture and vehicles | 24 | €81,925 | €33,546 | -€48,380 | -59.1% |
| Financial fixed assets | 28 | €3,345 | €3,345 | = | 0.0% |
| Current assets | 29/58 | €336,338 | €413,955 | +€77,617 | +23.1% |
| Stocks and contracts in progress | 3 | €14,505 | €26,683 | +€12,178 | +84.0% |
| Stocks | 30/36 | €14,505 | €26,683 | +€12,178 | +84.0% |
| Amounts receivable within one year | 40/41 | €277,894 | €262,687 | -€15,207 | -5.5% |
| Trade receivables | 40 | €202,791 | €183,609 | -€19,182 | -9.5% |
| Other amounts receivable | 41 | €75,103 | €79,078 | +€3,975 | +5.3% |
| Cash at bank and in hand | 54/58 | €39,894 | €115,269 | +€75,375 | +189% |
| Deferred charges and accrued income | 490/1 | €4,046 | €9,316 | +€5,270 | +130% |
| Total equity and liabilities | 10/49 | €431,237 | €1,023,318 | +€592,081 | +137% |
| Equity | 10/15 | €150,646 | €175,437 | +€24,791 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,360 | €78,110 | +€24,750 | +46.4% |
| Distributable reserves | 133 | €53,360 | €78,110 | +€24,750 | +46.4% |
| Profit (loss) carried forward | 14 | €91,086 | €91,127 | +€41 | 0.0% |
| Amounts payable | 17/49 | €280,591 | €847,881 | +€567,290 | +202% |
| Amounts payable after more than one year | 17 | €19,199 | €634,846 | +€615,647 | +3,207% |
| Financial debts | 170/4 | €19,199 | €634,846 | +€615,647 | +3,207% |
| Amounts payable within one year | 42/48 | €261,392 | €213,035 | -€48,358 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €18,595 | €30,218 | +€11,623 | +62.5% |
| Financial debts | 43 | - | €5,825 | +€5,825 | |
| Credit institutions | 430/8 | - | €5,825 | +€5,825 | |
| Trade debts | 44 | €161,014 | €157,965 | -€3,049 | -1.9% |
| Suppliers | 440/4 | €161,014 | €157,965 | -€3,049 | -1.9% |
| Advances received on contracts in progress | 46 | €60,000 | - | -€60,000 | |
| Taxes, remuneration and social security | 45 | €21,784 | €19,028 | -€2,756 | -12.7% |
| Taxes | 450/3 | €14,159 | €16,077 | +€1,918 | +13.5% |
| Remuneration and social security | 454/9 | €7,625 | €2,951 | -€4,673 | -61.3% |
| Remuneration, social security and pensions | 62 | €45,680 | €61,358 | +€15,678 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,020 | €35,538 | -€12,482 | -26.0% |
| Other operating charges | 640/8 | €3,502 | €89,631 | +€86,130 | +2,460% |
| Gross operating margin | 9900 | €140,590 | €234,951 | +€94,361 | +67.1% |
| Operating profit (loss) | 9901 | €43,389 | €48,424 | +€5,035 | +11.6% |
| Financial income | 75/76B | €6 | €51 | +€44 | +687% |
| Recurring financial income | 75 | €6 | €51 | +€44 | +687% |
| Financial charges | 65/66B | €1,937 | €13,426 | +€11,489 | +593% |
| Recurring financial charges | 65 | €1,937 | €13,426 | +€11,489 | +593% |
| Profit (loss) for the period before taxes | 9903 | €41,459 | €35,049 | -€6,410 | -15.5% |
| Income taxes | 67/77 | €13,819 | €10,258 | -€3,561 | -25.8% |
| Profit (loss) for the period | 9904 | €27,640 | €24,791 | -€2,848 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,640 | €24,791 | -€2,848 | -10.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.