RENOVAGRI: 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.
RENOVAGRI
Largest movements
- Tangible fixed assets +€299,596
up €299,596 (+22.4%), from €1.3m to €1.6m
of which Plant, machinery and equipment: +€160,441
- Stocks and contracts +€111,629
up €111,629 (+19.1%), from €583,978 to €695,607
- Receivables within one year -€101,361
down €101,361 (-29.2%), from €347,650 to €246,289
of which Trade receivables: -€101,361
- Deferred charges and accrued income -€27,138
no longer reported in 2025 (was €27,138)
- Trade debts +€121,096
up €121,096 (+127%), from €95,576 to €216,672
- Short-term financial debts +€79,200
up €79,200 (+21.1%), from €375,000 to €454,200
- Reserves +€45,000
up €45,000 (+45.8%), from €98,200 to €143,200
of which Distributable reserves: +€45,000
- Tax, wage and social debts -€37,425
down €37,425 (-41.0%), from €91,336 to €53,910
of which Remuneration and social security: -€20,366
- Profit (loss) carried forward +€35,998
up €35,998 (+20.8%), from €172,957 to €208,955
- Gross operating margin +€115,656
up €115,656 (+20.7%), from €559,674 to €675,330
- Staff costs +€41,476
up €41,476 (+17.2%), from €240,922 to €282,398
- Financial income +€32,696
up €32,696 (+161%), from €20,262 to €52,958
of which Non-recurring financial income: +€32,693
- Depreciation +€23,457
up €23,457 (+13.7%), from €171,641 to €195,098
- Taxes +€21,202
up €21,202 (+393%), from €5,399 to €26,601
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 | €2,360,401 | €2,635,848 | +€275,448 | +11.7% |
| Fixed assets | 21/28 | €1,357,212 | €1,666,315 | +€309,103 | +22.8% |
| Intangible fixed assets | 21 | €20,381 | €29,888 | +€9,507 | +46.6% |
| Tangible fixed assets | 22/27 | €1,336,781 | €1,636,377 | +€299,596 | +22.4% |
| Land and buildings | 22 | €1,018,480 | €1,003,329 | -€15,151 | -1.5% |
| Plant, machinery and equipment | 23 | €131,276 | €291,717 | +€160,441 | +122% |
| Furniture and vehicles | 24 | €47,327 | €142,235 | +€94,908 | +201% |
| Leasing and similar rights | 25 | €139,698 | €199,096 | +€59,398 | +42.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,003,189 | €969,533 | -€33,655 | -3.4% |
| Stocks and contracts in progress | 3 | €583,978 | €695,607 | +€111,629 | +19.1% |
| Stocks | 30/36 | €583,978 | €695,607 | +€111,629 | +19.1% |
| Amounts receivable within one year | 40/41 | €347,650 | €246,289 | -€101,361 | -29.2% |
| Trade receivables | 40 | €346,948 | €245,587 | -€101,361 | -29.2% |
| Other amounts receivable | 41 | €702 | €702 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,422 | €27,638 | -€16,784 | -37.8% |
| Deferred charges and accrued income | 490/1 | €27,138 | - | -€27,138 | |
| Total equity and liabilities | 10/49 | €2,360,401 | €2,635,848 | +€275,448 | +11.7% |
| Equity | 10/15 | €304,803 | €384,679 | +€79,877 | +26.2% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €98,200 | €143,200 | +€45,000 | +45.8% |
| Non-distributable reserves | 130/1 | €3,200 | €3,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €95,000 | €140,000 | +€45,000 | +47.4% |
| Profit (loss) carried forward | 14 | €172,957 | €208,955 | +€35,998 | +20.8% |
| Investment grants | 15 | €1,646 | €524 | -€1,122 | -68.2% |
| Amounts payable | 17/49 | €2,055,598 | €2,251,169 | +€195,571 | +9.5% |
| Amounts payable after more than one year | 17 | €1,277,795 | €1,292,725 | +€14,930 | +1.2% |
| Financial debts | 170/4 | €1,277,795 | €1,292,725 | +€14,930 | +1.2% |
| Amounts payable within one year | 42/48 | €777,803 | €958,444 | +€180,641 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €199,079 | €193,695 | -€5,384 | -2.7% |
| Financial debts | 43 | €375,000 | €454,200 | +€79,200 | +21.1% |
| Credit institutions | 430/8 | €375,000 | €454,200 | +€79,200 | +21.1% |
| Trade debts | 44 | €95,576 | €216,672 | +€121,096 | +127% |
| Suppliers | 440/4 | €95,576 | €216,672 | +€121,096 | +127% |
| Taxes, remuneration and social security | 45 | €91,336 | €53,910 | -€37,425 | -41.0% |
| Taxes | 450/3 | €54,042 | €36,982 | -€17,060 | -31.6% |
| Remuneration and social security | 454/9 | €37,294 | €16,928 | -€20,366 | -54.6% |
| Other amounts payable | 47/48 | €16,813 | €39,966 | +€23,153 | +138% |
| Remuneration, social security and pensions | 62 | €240,922 | €282,398 | +€41,476 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,641 | €195,098 | +€23,457 | +13.7% |
| Other operating charges | 640/8 | €6,330 | €18,331 | +€12,001 | +190% |
| Gross operating margin | 9900 | €559,674 | €675,330 | +€115,656 | +20.7% |
| Operating profit (loss) | 9901 | €140,781 | €179,503 | +€38,722 | +27.5% |
| Financial income | 75/76B | €20,262 | €52,958 | +€32,696 | +161% |
| Recurring financial income | 75 | €1,122 | €1,125 | +€3 | +0.3% |
| Non-recurring financial income | 76B | €19,140 | €51,833 | +€32,693 | +171% |
| Financial charges | 65/66B | €65,329 | €84,862 | +€19,533 | +29.9% |
| Recurring financial charges | 65 | €48,403 | €74,187 | +€25,784 | +53.3% |
| Non-recurring financial charges | 66B | €16,925 | €10,674 | -€6,251 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €95,714 | €147,600 | +€51,885 | +54.2% |
| Income taxes | 67/77 | €5,399 | €26,601 | +€21,202 | +393% |
| Profit (loss) for the period | 9904 | €90,315 | €120,998 | +€30,683 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,315 | €120,998 | +€30,683 | +34.0% |
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 23 October 2026 via checked.be.