RENOVARM: 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.
RENOVARM
Largest movements
- Receivables within one year -€5,822
down €5,822 (-51.2%), from €11,374 to €5,552
of which Trade receivables: -€6,817
- Tangible fixed assets -€398
down €398 (-44.0%), from €903 to €505
- Deferred charges and accrued income +€344
up €344 (+166.2%), from €207 to €551
- Trade debts -€4,904
no longer reported in 2025 (was €4,904)
- Other debts +€4,337
up €4,337 (+1073.2%), from €404 to €4,741
- Reserves -€3,605
down €3,605 (-40.6%), from €8,879 to €5,274
- Tax, wage and social debts -€1,593
down €1,593 (-97.3%), from €1,636 to €43
- Gross operating margin +€620
up €620 (+6.7%), from €9,304 to €9,924
- Other operating charges +€463
up €463 (+58.3%), from €794 to €1,257
- Taxes +€198
up €198 (+12.4%), from €1,595 to €1,793
- Financial charges -€196
down €196 (-70.8%), from €277 to €81
- Depreciation +€108
up €108 (+37.1%), from €290 to €398
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 | €17,324 | €11,558 | -€5,765 | -33.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €903 | €505 | -€398 | -44.0% |
| Tangible fixed assets | 22/27 | €903 | €505 | -€398 | -44.0% |
| Plant, machinery and equipment | 23 | €903 | €505 | -€398 | -44.0% |
| Current assets | 29/58 | €16,421 | €11,053 | -€5,368 | -32.7% |
| Amounts receivable within one year | 40/41 | €11,374 | €5,552 | -€5,822 | -51.2% |
| Trade receivables | 40 | €11,077 | €4,260 | -€6,817 | -61.5% |
| Other amounts receivable | 41 | €297 | €1,292 | +€995 | +334.9% |
| Cash at bank and in hand | 54/58 | €4,840 | €4,950 | +€110 | +2.3% |
| Deferred charges and accrued income | 490/1 | €207 | €551 | +€344 | +166.2% |
| Total equity and liabilities | 10/49 | €17,324 | €11,558 | -€5,765 | -33.3% |
| Equity | 10/15 | €10,379 | €6,774 | -€3,605 | -34.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €8,879 | €5,274 | -€3,605 | -40.6% |
| Distributable reserves | 133 | €8,879 | €5,274 | -€3,605 | -40.6% |
| Amounts payable | 17/49 | €6,945 | €4,784 | -€2,160 | -31.1% |
| Amounts payable within one year | 42/48 | €6,945 | €4,784 | -€2,160 | -31.1% |
| Trade debts | 44 | €4,904 | - | -€4,904 | |
| Suppliers | 440/4 | €4,904 | - | -€4,904 | |
| Taxes, remuneration and social security | 45 | €1,636 | €43 | -€1,593 | -97.3% |
| Taxes | 450/3 | €1,636 | €43 | -€1,593 | -97.3% |
| Other amounts payable | 47/48 | €404 | €4,741 | +€4,337 | +1073.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €398 | +€108 | +37.1% |
| Other operating charges | 640/8 | €794 | €1,257 | +€463 | +58.3% |
| Gross operating margin | 9900 | €9,304 | €9,924 | +€620 | +6.7% |
| Operating profit (loss) | 9901 | €8,220 | €8,269 | +€49 | +0.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -88.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -88.8% |
| Financial charges | 65/66B | €277 | €81 | -€196 | -70.8% |
| Recurring financial charges | 65 | €277 | €81 | -€196 | -70.8% |
| Profit (loss) for the period before taxes | 9903 | €7,944 | €8,188 | +€244 | +3.1% |
| Income taxes | 67/77 | €1,595 | €1,793 | +€198 | +12.4% |
| Profit (loss) for the period | 9904 | €6,349 | €6,395 | +€46 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,349 | €6,395 | +€46 | +0.7% |
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 12 October 2026 via checked.be.