RENOVAN: 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.
RENOVAN
Largest movements
- Cash +€14,465
new in 2025: €14,465
mainly Receivables within one year (+€9,454) and Short-term financial debts (+€9,262)
- Receivables within one year -€9,454
down €9,454 (-26.6%), from €35,606 to €26,152
of which Trade receivables: -€6,090
- Short-term financial debts +€9,262
up €9,262 (+128%), from €7,232 to €16,494
- Profit (loss) carried forward -€3,346
down €3,346 (-116%), from -€2,878 to -€6,224
- Trade debts -€484
down €484 (-19.1%), from €2,530 to €2,046
- Gross operating margin -€3,806
down €3,806, from €3,679 to -€127
- Financial charges +€738
up €738 (+211%), from €350 to €1,088
- Other operating charges +€628
new in 2025: €628
- Depreciation +€186
up €186 (+15.2%), from €1,225 to €1,411
- Staff costs +€78
up €78 (+348%), from €22 to €100
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 | €38,887 | €44,004 | +€5,117 | +13.2% |
| Fixed assets | 21/28 | €3,281 | €3,388 | +€107 | +3.2% |
| Tangible fixed assets | 22/27 | €3,281 | €3,388 | +€107 | +3.2% |
| Plant, machinery and equipment | 23 | €2,227 | €2,642 | +€415 | +18.6% |
| Furniture and vehicles | 24 | €1,055 | €746 | -€309 | -29.3% |
| Current assets | 29/58 | €35,606 | €40,617 | +€5,011 | +14.1% |
| Amounts receivable within one year | 40/41 | €35,606 | €26,152 | -€9,454 | -26.6% |
| Trade receivables | 40 | €9,578 | €3,488 | -€6,090 | -63.6% |
| Other amounts receivable | 41 | €26,028 | €22,664 | -€3,364 | -12.9% |
| Cash at bank and in hand | 54/58 | - | €14,465 | +€14,465 | |
| Total equity and liabilities | 10/49 | €38,887 | €44,004 | +€5,117 | +13.2% |
| Equity | 10/15 | €28,473 | €25,127 | -€3,346 | -11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,759 | €12,759 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €10,900 | €10,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,878 | -€6,224 | -€3,346 | -116% |
| Amounts payable | 17/49 | €10,414 | €18,877 | +€8,464 | +81.3% |
| Amounts payable within one year | 42/48 | €10,414 | €18,877 | +€8,464 | +81.3% |
| Financial debts | 43 | €7,232 | €16,494 | +€9,262 | +128% |
| Credit institutions | 430/8 | €7,232 | €16,494 | +€9,262 | +128% |
| Trade debts | 44 | €2,530 | €2,046 | -€484 | -19.1% |
| Suppliers | 440/4 | €2,530 | €2,046 | -€484 | -19.1% |
| Taxes, remuneration and social security | 45 | - | €0 | = | |
| Taxes | 450/3 | - | €0 | = | |
| Other amounts payable | 47/48 | €651 | €337 | -€315 | -48.3% |
| Remuneration, social security and pensions | 62 | €22 | €100 | +€78 | +348% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,225 | €1,411 | +€186 | +15.2% |
| Other operating charges | 640/8 | - | €628 | +€628 | |
| Gross operating margin | 9900 | €3,679 | -€127 | -€3,806 | |
| Operating profit (loss) | 9901 | €2,432 | -€2,266 | -€4,698 | |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €350 | €1,088 | +€738 | +211% |
| Recurring financial charges | 65 | €350 | €1,088 | +€738 | +211% |
| Profit (loss) for the period before taxes | 9903 | €2,082 | -€3,346 | -€5,428 | |
| Profit (loss) for the period | 9904 | €2,082 | -€3,346 | -€5,428 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,082 | -€3,346 | -€5,428 |
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 26 October 2026 via checked.be.