RENOVATI: 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.
RENOVATI
Largest movements
- Receivables within one year +€36,461
up €36,461 (+105%), from €34,882 to €71,343
of which Trade receivables: +€38,277
- Tangible fixed assets -€10,495
down €10,495 (-37.2%), from €28,239 to €17,743
of which Furniture and vehicles: -€12,172
- Cash -€8,319
down €8,319 (-39.1%), from €21,288 to €12,968
mainly Contributions, distributions and other (-€45,000) and Receivables within one year (-€36,461)
- Intangible fixed assets +€1,897
new in 2025: €1,897
- Profit (loss) carried forward -€41,617
down €41,617 (-66.6%), from €62,490 to €20,873
- Other debts +€37,187
up €37,187 (+528%), from €7,047 to €44,233
- Trade debts +€21,028
up €21,028 (+304%), from €6,919 to €27,946
- Tax, wage and social debts +€6,150
up €6,150 (+205%), from €3,000 to €9,150
- Debts after one year -€3,178
no longer reported in 2025 (was €3,178)
- Staff costs +€20,386
up €20,386 (+13.1%), from €155,468 to €175,855
- Gross operating margin +€7,455
up €7,455 (+3.9%), from €188,917 to €196,371
- Depreciation -€5,955
down €5,955 (-29.4%), from €20,256 to €14,301
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 | €106,738 | €125,381 | +€18,643 | +17.5% |
| Fixed assets | 21/28 | €28,239 | €19,640 | -€8,599 | -30.5% |
| Intangible fixed assets | 21 | - | €1,897 | +€1,897 | |
| Tangible fixed assets | 22/27 | €28,239 | €17,743 | -€10,495 | -37.2% |
| Plant, machinery and equipment | 23 | €2,923 | €4,600 | +€1,677 | +57.4% |
| Furniture and vehicles | 24 | €25,316 | €13,144 | -€12,172 | -48.1% |
| Current assets | 29/58 | €78,499 | €105,741 | +€27,242 | +34.7% |
| Stocks and contracts in progress | 3 | €21,809 | €20,969 | -€840 | -3.8% |
| Stocks | 30/36 | €21,809 | €20,969 | -€840 | -3.8% |
| Amounts receivable within one year | 40/41 | €34,882 | €71,343 | +€36,461 | +105% |
| Trade receivables | 40 | €16,674 | €54,951 | +€38,277 | +230% |
| Other amounts receivable | 41 | €18,208 | €16,391 | -€1,816 | -10.0% |
| Cash at bank and in hand | 54/58 | €21,288 | €12,968 | -€8,319 | -39.1% |
| Deferred charges and accrued income | 490/1 | €521 | €461 | -€60 | -11.5% |
| Total equity and liabilities | 10/49 | €106,738 | €125,381 | +€18,643 | +17.5% |
| Equity | 10/15 | €82,490 | €40,873 | -€41,617 | -50.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,490 | €20,873 | -€41,617 | -66.6% |
| Amounts payable | 17/49 | €24,248 | €84,508 | +€60,260 | +249% |
| Amounts payable after more than one year | 17 | €3,178 | - | -€3,178 | |
| Financial debts | 170/4 | €3,178 | - | -€3,178 | |
| Amounts payable within one year | 42/48 | €21,070 | €84,508 | +€63,438 | +301% |
| Current portion of amounts payable after more than one year | 42 | €4,105 | €3,178 | -€926 | -22.6% |
| Trade debts | 44 | €6,919 | €27,946 | +€21,028 | +304% |
| Suppliers | 440/4 | €6,919 | €27,946 | +€21,028 | +304% |
| Taxes, remuneration and social security | 45 | €3,000 | €9,150 | +€6,150 | +205% |
| Taxes | 450/3 | €3,000 | €9,150 | +€6,150 | +205% |
| Other amounts payable | 47/48 | €7,047 | €44,233 | +€37,187 | +528% |
| Remuneration, social security and pensions | 62 | €155,468 | €175,855 | +€20,386 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,256 | €14,301 | -€5,955 | -29.4% |
| Other operating charges | 640/8 | €1,076 | €1,187 | +€111 | +10.4% |
| Gross operating margin | 9900 | €188,917 | €196,371 | +€7,455 | +3.9% |
| Operating profit (loss) | 9901 | €12,116 | €5,029 | -€7,088 | -58.5% |
| Financial income | 75/76B | €768 | €906 | +€138 | +18.0% |
| Recurring financial income | 75 | €768 | €906 | +€138 | +18.0% |
| Financial charges | 65/66B | €1,455 | €1,536 | +€80 | +5.5% |
| Recurring financial charges | 65 | €1,455 | €1,536 | +€80 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €11,429 | €4,399 | -€7,030 | -61.5% |
| Income taxes | 67/77 | €2,477 | €1,016 | -€1,461 | -59.0% |
| Profit (loss) for the period | 9904 | €8,952 | €3,383 | -€5,569 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,952 | €3,383 | -€5,569 | -62.2% |
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 18 October 2026 via checked.be.