RENOVACO: 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.
RENOVACO
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+84.3%), from €1.7m to €3.1m
of which Land and buildings: +€1.4m
- Receivables within one year -€92,247
down €92,247 (-79.3%), from €116,338 to €24,091
- Debts after one year +€814,278
up €814,278 (+47.0%), from €1.7m to €2.5m
- Reserves +€186,609
up €186,609 (+9.8%), from €1.9m to €2.1m
- Trade debts +€138,983
up €138,983 (+7,365%), from €1,887 to €140,870
- Other debts +€127,083
new in 2025: €127,083
- Current portion of long-term debt +€97,980
up €97,980 (+43.9%), from €223,067 to €321,046
- Financial income -€159,557
down €159,557 (-51.4%), from €310,565 to €151,009
- Other operating charges -€74,445
down €74,445 (-85.9%), from €86,633 to €12,187
- Depreciation +€35,518
up €35,518 (+44.1%), from €80,540 to €116,058
- Taxes -€28,627
down €28,627 (-54.1%), from €52,903 to €24,276
- Financial charges +€17,206
up €17,206 (+27.1%), from €63,509 to €80,716
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 | €3,933,208 | €5,257,662 | +€1.3m | +33.7% |
| Fixed assets | 21/28 | €3,800,349 | €5,214,683 | +€1.4m | +37.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,678,603 | €3,092,937 | +€1.4m | +84.3% |
| Land and buildings | 22 | €1,677,204 | €3,067,808 | +€1.4m | +82.9% |
| Plant, machinery and equipment | 23 | €664 | €100 | -€564 | -84.9% |
| Furniture and vehicles | 24 | €734 | €25,029 | +€24,294 | +3,308% |
| Financial fixed assets | 28 | €2,121,746 | €2,121,746 | = | 0.0% |
| Current assets | 29/58 | €132,859 | €42,979 | -€89,879 | -67.7% |
| Amounts receivable within one year | 40/41 | €116,338 | €24,091 | -€92,247 | -79.3% |
| Other amounts receivable | 41 | €116,338 | €24,091 | -€92,247 | -79.3% |
| Cash at bank and in hand | 54/58 | €6,181 | €9,835 | +€3,654 | +59.1% |
| Deferred charges and accrued income | 490/1 | €10,339 | €9,053 | -€1,286 | -12.4% |
| Total equity and liabilities | 10/49 | €3,933,208 | €5,257,662 | +€1.3m | +33.7% |
| Equity | 10/15 | €1,918,743 | €2,105,352 | +€186,609 | +9.7% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,912,493 | €2,099,102 | +€186,609 | +9.8% |
| Distributable reserves | 133 | €1,912,493 | €2,099,102 | +€186,609 | +9.8% |
| Amounts payable | 17/49 | €2,014,465 | €3,152,310 | +€1.1m | +56.5% |
| Amounts payable after more than one year | 17 | €1,731,177 | €2,545,455 | +€814,278 | +47.0% |
| Financial debts | 170/4 | €1,731,177 | €2,545,455 | +€814,278 | +47.0% |
| Amounts payable within one year | 42/48 | €283,288 | €606,855 | +€323,567 | +114% |
| Current portion of amounts payable after more than one year | 42 | €223,067 | €321,046 | +€97,980 | +43.9% |
| Financial debts | 43 | €30,296 | €13,357 | -€16,940 | -55.9% |
| Other loans | 439 | €30,296 | €13,357 | -€16,940 | -55.9% |
| Trade debts | 44 | €1,887 | €140,870 | +€138,983 | +7,365% |
| Suppliers | 440/4 | €1,887 | €140,870 | +€138,983 | +7,365% |
| Taxes, remuneration and social security | 45 | €28,038 | €4,500 | -€23,538 | -84.0% |
| Taxes | 450/3 | €23,538 | - | -€23,538 | |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €127,083 | +€127,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,540 | €116,058 | +€35,518 | +44.1% |
| Other operating charges | 640/8 | €86,633 | €12,187 | -€74,445 | -85.9% |
| Gross operating margin | 9900 | €314,973 | €324,175 | +€9,202 | +2.9% |
| Operating profit (loss) | 9901 | €147,801 | €195,930 | +€48,129 | +32.6% |
| Financial income | 75/76B | €310,565 | €151,009 | -€159,557 | -51.4% |
| Recurring financial income | 75 | €310,565 | €151,009 | -€159,557 | -51.4% |
| Financial charges | 65/66B | €63,509 | €80,716 | +€17,206 | +27.1% |
| Recurring financial charges | 65 | €63,509 | €80,716 | +€17,206 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €394,857 | €266,223 | -€128,634 | -32.6% |
| Income taxes | 67/77 | €52,903 | €24,276 | -€28,627 | -54.1% |
| Profit (loss) for the period | 9904 | €341,953 | €241,946 | -€100,007 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €341,953 | €241,946 | -€100,007 | -29.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.