Renovari: 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.
Renovari
Largest movements
- Cash +€100,026
up €100,026 (+97.3%), from €102,842 to €202,869
mainly Trade debts (+€102,548) and Net result for the year (+€11,812)
- Receivables within one year +€5,704
up €5,704 (+2,175%), from €262 to €5,967
of which Trade receivables: +€5,583
- Trade debts +€102,548
up €102,548 (+1,240%), from €8,268 to €110,816
- Other debts -€11,996
down €11,996 (-33.6%), from €35,671 to €23,675
- Reserves +€11,812
new in 2025: €11,812
- Tax, wage and social debts +€5,318
up €5,318 (+27.7%), from €19,166 to €24,483
of which Taxes: +€4,782
- Gross operating margin -€27,247
down €27,247 (-20.9%), from €130,147 to €102,900
- Staff costs +€6,055
up €6,055 (+7.6%), from €79,494 to €85,549
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 | €103,105 | €210,786 | +€107,681 | +104% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Current assets | 29/58 | €103,105 | €210,786 | +€107,681 | +104% |
| Amounts receivable within one year | 40/41 | €262 | €5,967 | +€5,704 | +2,175% |
| Trade receivables | 40 | - | €5,583 | +€5,583 | |
| Other amounts receivable | 41 | €262 | €384 | +€121 | +46.3% |
| Cash at bank and in hand | 54/58 | €102,842 | €202,869 | +€100,026 | +97.3% |
| Deferred charges and accrued income | 490/1 | - | €1,951 | +€1,951 | |
| Total equity and liabilities | 10/49 | €103,105 | €210,786 | +€107,681 | +104% |
| Equity | 10/15 | €40,000 | €51,812 | +€11,812 | +29.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | - | €11,812 | +€11,812 | |
| Distributable reserves | 133 | - | €11,812 | +€11,812 | |
| Amounts payable | 17/49 | €63,105 | €158,974 | +€95,869 | +152% |
| Amounts payable within one year | 42/48 | €63,105 | €158,974 | +€95,869 | +152% |
| Trade debts | 44 | €8,268 | €110,816 | +€102,548 | +1,240% |
| Suppliers | 440/4 | €8,268 | €110,816 | +€102,548 | +1,240% |
| Taxes, remuneration and social security | 45 | €19,166 | €24,483 | +€5,318 | +27.7% |
| Taxes | 450/3 | €4,139 | €8,921 | +€4,782 | +116% |
| Remuneration and social security | 454/9 | €15,027 | €15,562 | +€535 | +3.6% |
| Other amounts payable | 47/48 | €35,671 | €23,675 | -€11,996 | -33.6% |
| Remuneration, social security and pensions | 62 | €79,494 | €85,549 | +€6,055 | +7.6% |
| Other operating charges | 640/8 | €675 | €690 | +€14 | +2.1% |
| Gross operating margin | 9900 | €130,147 | €102,900 | -€27,247 | -20.9% |
| Operating profit (loss) | 9901 | €49,978 | €16,661 | -€33,317 | -66.7% |
| Financial income | 75/76B | €18 | - | -€18 | |
| Recurring financial income | 75 | €18 | - | -€18 | |
| Financial charges | 65/66B | €95 | €67 | -€28 | -29.6% |
| Recurring financial charges | 65 | €95 | €67 | -€28 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €49,901 | €16,594 | -€33,307 | -66.7% |
| Income taxes | 67/77 | €4,139 | €4,782 | +€643 | +15.5% |
| Profit (loss) for the period | 9904 | €45,762 | €11,812 | -€33,950 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,762 | €11,812 | -€33,950 | -74.2% |
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 17 October 2026 via checked.be.