RENOVABEL: 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.
RENOVABEL
Largest movements
- Cash +€14,909
up €14,909 (+151%), from €9,879 to €24,787
mainly Accrued charges and deferred income (+€13,000) and Trade debts (+€5,217)
- Accrued charges and deferred income +€13,000
up €13,000 (+80.0%), from €16,240 to €29,240
- Trade debts +€5,217
up €5,217 (+27,215%), from €19 to €5,236
- Profit (loss) carried forward -€2,536
down €2,536 (-999%), from -€254 to -€2,790
- Gross operating margin -€5,055
down €5,055, from €3,508 to -€1,548
- Depreciation -€1,620
down €1,620 (-70.9%), from €2,286 to €666
- Other operating charges +€1,562
up €1,562 (+158%), from €992 to €2,554
- Taxes -€693
down €693 (-73.0%), from €950 to €257
- Financial charges -€86
down €86 (-51.2%), from €169 to €83
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 | €96,538 | €112,335 | +€15,797 | +16.4% |
| Fixed assets | 21/28 | €666 | - | -€666 | |
| Tangible fixed assets | 22/27 | €666 | - | -€666 | |
| Furniture and vehicles | 24 | €666 | - | -€666 | |
| Current assets | 29/58 | €95,872 | €112,335 | +€16,463 | +17.2% |
| Amounts receivable within one year | 40/41 | €85,993 | €87,036 | +€1,043 | +1.2% |
| Other amounts receivable | 41 | €85,993 | €87,036 | +€1,043 | +1.2% |
| Cash at bank and in hand | 54/58 | €9,879 | €24,787 | +€14,909 | +151% |
| Deferred charges and accrued income | 490/1 | - | €512 | +€512 | |
| Total equity and liabilities | 10/49 | €96,538 | €112,335 | +€15,797 | +16.4% |
| Equity | 10/15 | €5,974 | €3,438 | -€2,536 | -42.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28 | €28 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28 | €28 | = | 0.0% |
| Legal reserve | 130 | €28 | €28 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254 | -€2,790 | -€2,536 | -999% |
| Provisions and deferred taxes | 16 | €5,544 | €5,544 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,544 | €5,544 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,544 | €5,544 | = | 0.0% |
| Amounts payable | 17/49 | €85,020 | €103,353 | +€18,333 | +21.6% |
| Amounts payable within one year | 42/48 | €68,780 | €74,113 | +€5,333 | +7.8% |
| Trade debts | 44 | €19 | €5,236 | +€5,217 | +27,215% |
| Suppliers | 440/4 | €19 | €5,236 | +€5,217 | +27,215% |
| Taxes, remuneration and social security | 45 | €5,444 | €5,560 | +€116 | +2.1% |
| Taxes | 450/3 | €5,444 | €5,560 | +€116 | +2.1% |
| Other amounts payable | 47/48 | €63,317 | €63,317 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €16,240 | €29,240 | +€13,000 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,286 | €666 | -€1,620 | -70.9% |
| Other operating charges | 640/8 | €992 | €2,554 | +€1,562 | +158% |
| Gross operating margin | 9900 | €3,508 | -€1,548 | -€5,055 | |
| Operating profit (loss) | 9901 | €230 | -€4,767 | -€4,998 | |
| Financial income | 75/76B | €2,573 | €2,571 | -€3 | -0.1% |
| Recurring financial income | 75 | €2,573 | €2,571 | -€3 | -0.1% |
| Financial charges | 65/66B | €169 | €83 | -€86 | -51.2% |
| Recurring financial charges | 65 | €169 | €83 | -€86 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €2,635 | -€2,279 | -€4,914 | |
| Income taxes | 67/77 | €950 | €257 | -€693 | -73.0% |
| Profit (loss) for the period | 9904 | €1,685 | -€2,536 | -€4,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,685 | -€2,536 | -€4,221 |
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 13 October 2026 via checked.be.