RENOVATECH: 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.
RENOVATECH
Largest movements
- Cash +€92,512
up €92,512 (+219%), from €42,179 to €134,691
mainly Receivables within one year (+€69,866) and Other debts (+€51,761)
- Receivables within one year -€69,866
down €69,866 (-54.1%), from €129,100 to €59,234
of which Trade receivables: -€62,632
- Tangible fixed assets +€4,213
up €4,213 (+47.7%), from €8,826 to €13,038
- Deferred charges and accrued income -€2,254
down €2,254 (-40.3%), from €5,589 to €3,335
- Other debts +€51,761
up €51,761 (+30,176%), from €172 to €51,933
- Reserves -€23,486
down €23,486 (-24.6%), from €95,322 to €71,836
of which Distributable reserves: -€23,486
- Tax, wage and social debts +€22,871
up €22,871 (+129%), from €17,699 to €40,570
of which Taxes: +€25,712
- Trade debts -€17,953
down €17,953 (-40.9%), from €43,872 to €25,919
- Accrued charges and deferred income -€8,588
down €8,588 (-86.9%), from €9,888 to €1,300
- Gross operating margin +€61,272
up €61,272, from -€24,098 to €37,174
- Taxes +€3,596
up €3,596 (+832%), from €432 to €4,028
- Financial income -€2,698
down €2,698 (-99.0%), from €2,726 to €28
- Depreciation +€491
up €491 (+9.6%), from €5,127 to €5,618
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 | €185,693 | €210,298 | +€24,605 | +13.3% |
| Fixed assets | 21/28 | €8,826 | €13,038 | +€4,213 | +47.7% |
| Tangible fixed assets | 22/27 | €8,826 | €13,038 | +€4,213 | +47.7% |
| Furniture and vehicles | 24 | €8,826 | €13,038 | +€4,213 | +47.7% |
| Current assets | 29/58 | €176,868 | €197,260 | +€20,392 | +11.5% |
| Amounts receivable within one year | 40/41 | €129,100 | €59,234 | -€69,866 | -54.1% |
| Trade receivables | 40 | €111,994 | €49,362 | -€62,632 | -55.9% |
| Other amounts receivable | 41 | €17,106 | €9,872 | -€7,234 | -42.3% |
| Cash at bank and in hand | 54/58 | €42,179 | €134,691 | +€92,512 | +219% |
| Deferred charges and accrued income | 490/1 | €5,589 | €3,335 | -€2,254 | -40.3% |
| Total equity and liabilities | 10/49 | €185,693 | €210,298 | +€24,605 | +13.3% |
| Equity | 10/15 | €114,063 | €90,577 | -€23,486 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,322 | €71,836 | -€23,486 | -24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €93,462 | €69,976 | -€23,486 | -25.1% |
| Profit (loss) carried forward | 14 | €12,541 | €12,541 | = | 0.0% |
| Amounts payable | 17/49 | €71,631 | €119,722 | +€48,091 | +67.1% |
| Amounts payable within one year | 42/48 | €61,743 | €118,422 | +€56,679 | +91.8% |
| Trade debts | 44 | €43,872 | €25,919 | -€17,953 | -40.9% |
| Suppliers | 440/4 | €43,872 | €25,919 | -€17,953 | -40.9% |
| Taxes, remuneration and social security | 45 | €17,699 | €40,570 | +€22,871 | +129% |
| Taxes | 450/3 | €11,858 | €37,570 | +€25,712 | +217% |
| Remuneration and social security | 454/9 | €5,842 | €3,000 | -€2,842 | -48.6% |
| Other amounts payable | 47/48 | €172 | €51,933 | +€51,761 | +30,176% |
| Accrued charges and deferred income | 492/3 | €9,888 | €1,300 | -€8,588 | -86.9% |
| Remuneration, social security and pensions | 62 | €11 | €0 | -€11 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,127 | €5,618 | +€491 | +9.6% |
| Other operating charges | 640/8 | €3,629 | €3,853 | +€224 | +6.2% |
| Gross operating margin | 9900 | -€24,098 | €37,174 | +€61,272 | |
| Operating profit (loss) | 9901 | -€32,865 | €27,703 | +€60,569 | |
| Financial income | 75/76B | €2,726 | €28 | -€2,698 | -99.0% |
| Recurring financial income | 75 | €2,726 | €28 | -€2,698 | -99.0% |
| Financial charges | 65/66B | €356 | €390 | +€34 | +9.6% |
| Recurring financial charges | 65 | €356 | €390 | +€34 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€30,495 | €27,341 | +€57,836 | |
| Income taxes | 67/77 | €432 | €4,028 | +€3,596 | +832% |
| Profit (loss) for the period | 9904 | -€30,927 | €23,314 | +€54,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,927 | €23,314 | +€54,241 |
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 14 October 2026 via checked.be.