RENOVABIL: 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.
RENOVABIL
Largest movements
- Cash +€33,718
up €33,718 (+62.0%), from €54,399 to €88,117
mainly Net result for the year (+€42,847) and Other debts (+€7,850)
- Receivables within one year +€3,469
up €3,469 (+23.7%), from €14,661 to €18,130
of which Trade receivables: +€5,140
- Profit (loss) carried forward +€20,847
up €20,847 (+50.9%), from €40,986 to €61,833
- Other debts +€7,850
up €7,850 (+46.7%), from €16,801 to €24,651
- Trade debts +€4,900
up €4,900 (+30.6%), from €15,997 to €20,897
- Tax, wage and social debts +€3,322
up €3,322 (+30.4%), from €10,930 to €14,252
- Gross operating margin +€22,474
up €22,474 (+81.4%), from €27,613 to €50,087
- Taxes +€2,293
up €2,293 (+78.6%), from €2,919 to €5,212
- Depreciation -€562
no longer reported in 2025 (was €562)
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 | €90,714 | €127,632 | +€36,918 | +40.7% |
| Current assets | 29/58 | €90,714 | €127,632 | +€36,918 | +40.7% |
| Stocks and contracts in progress | 3 | €21,386 | €21,386 | = | 0.0% |
| Stocks | 30/36 | €21,386 | €21,386 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,661 | €18,130 | +€3,469 | +23.7% |
| Trade receivables | 40 | €10,847 | €15,987 | +€5,140 | +47.4% |
| Other amounts receivable | 41 | €3,814 | €2,142 | -€1,671 | -43.8% |
| Cash at bank and in hand | 54/58 | €54,399 | €88,117 | +€33,718 | +62.0% |
| Deferred charges and accrued income | 490/1 | €268 | - | -€268 | |
| Total equity and liabilities | 10/49 | €90,714 | €127,632 | +€36,918 | +40.7% |
| Equity | 10/15 | €46,986 | €67,833 | +€20,847 | +44.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,986 | €61,833 | +€20,847 | +50.9% |
| Amounts payable | 17/49 | €43,728 | €59,800 | +€16,071 | +36.8% |
| Amounts payable within one year | 42/48 | €43,728 | €59,800 | +€16,071 | +36.8% |
| Trade debts | 44 | €15,997 | €20,897 | +€4,900 | +30.6% |
| Suppliers | 440/4 | €15,997 | €20,897 | +€4,900 | +30.6% |
| Taxes, remuneration and social security | 45 | €10,930 | €14,252 | +€3,322 | +30.4% |
| Taxes | 450/3 | €10,930 | €14,252 | +€3,322 | +30.4% |
| Other amounts payable | 47/48 | €16,801 | €24,651 | +€7,850 | +46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | - | -€562 | |
| Other operating charges | 640/8 | €1,517 | €1,933 | +€416 | +27.4% |
| Gross operating margin | 9900 | €27,613 | €50,087 | +€22,474 | +81.4% |
| Operating profit (loss) | 9901 | €25,534 | €48,154 | +€22,620 | +88.6% |
| Financial charges | 65/66B | €146 | €96 | -€51 | -34.6% |
| Recurring financial charges | 65 | €146 | €96 | -€51 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €25,388 | €48,058 | +€22,670 | +89.3% |
| Income taxes | 67/77 | €2,919 | €5,212 | +€2,293 | +78.6% |
| Profit (loss) for the period | 9904 | €22,469 | €42,847 | +€20,377 | +90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,469 | €42,847 | +€20,377 | +90.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.