RENOVATTI: 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.
RENOVATTI
Largest movements
- Cash -€255,846
down €255,846 (-91.0%), from €281,292 to €25,446
mainly Accrued charges and deferred income (-€260,557) and Net result for the year (-€44,928)
- Receivables within one year +€17,124
up €17,124 (+7.5%), from €229,332 to €246,455
of which Other amounts receivable: +€71,274
- Tangible fixed assets -€11,168
down €11,168 (-71.5%), from €15,609 to €4,441
of which Leasing and similar rights: -€9,881
- Accrued charges and deferred income -€260,557
down €260,557 (-100%), from €260,557 to €0
- Profit (loss) carried forward -€44,946
down €44,946 (-89.0%), from €50,523 to €5,578
- Debts after one year +€40,805
new in 2025: €40,805
- Trade debts +€21,835
up €21,835 (+11,055%), from €198 to €22,033
- Tax, wage and social debts -€14,397
down €14,397 (-99.0%), from €14,538 to €141
- Gross operating margin -€93,712
down €93,712, from €64,640 to -€29,072
- Taxes -€13,232
down €13,232 (-98.9%), from €13,373 to €141
- Other operating charges -€1,058
down €1,058 (-22.2%), from €4,761 to €3,704
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 | €531,268 | €283,136 | -€248,132 | -46.7% |
| Fixed assets | 21/28 | €19,119 | €7,951 | -€11,168 | -58.4% |
| Tangible fixed assets | 22/27 | €15,609 | €4,441 | -€11,168 | -71.5% |
| Furniture and vehicles | 24 | €3,006 | €1,720 | -€1,286 | -42.8% |
| Leasing and similar rights | 25 | €12,603 | €2,722 | -€9,881 | -78.4% |
| Financial fixed assets | 28 | €3,510 | €3,510 | = | 0.0% |
| Current assets | 29/58 | €512,149 | €275,185 | -€236,964 | -46.3% |
| Amounts receivable within one year | 40/41 | €229,332 | €246,455 | +€17,124 | +7.5% |
| Trade receivables | 40 | €121,352 | €67,202 | -€54,150 | -44.6% |
| Other amounts receivable | 41 | €107,980 | €179,254 | +€71,274 | +66.0% |
| Cash at bank and in hand | 54/58 | €281,292 | €25,446 | -€255,846 | -91.0% |
| Deferred charges and accrued income | 490/1 | €1,525 | €3,283 | +€1,758 | +115% |
| Total equity and liabilities | 10/49 | €531,268 | €283,136 | -€248,132 | -46.7% |
| Equity | 10/15 | €53,023 | €8,078 | -€44,946 | -84.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,523 | €5,578 | -€44,946 | -89.0% |
| Amounts payable | 17/49 | €478,245 | €275,058 | -€203,186 | -42.5% |
| Amounts payable after more than one year | 17 | - | €40,805 | +€40,805 | |
| Financial debts | 170/4 | - | €40,805 | +€40,805 | |
| Amounts payable within one year | 42/48 | €217,688 | €234,253 | +€16,565 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €8,050 | €19,195 | +€11,145 | +138% |
| Trade debts | 44 | €198 | €22,033 | +€21,835 | +11,055% |
| Suppliers | 440/4 | €198 | €22,033 | +€21,835 | +11,055% |
| Taxes, remuneration and social security | 45 | €14,538 | €141 | -€14,397 | -99.0% |
| Taxes | 450/3 | €14,538 | €141 | -€14,397 | -99.0% |
| Other amounts payable | 47/48 | €194,903 | €192,885 | -€2,018 | -1.0% |
| Accrued charges and deferred income | 492/3 | €260,557 | €0 | -€260,557 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,820 | €11,168 | +€348 | +3.2% |
| Other operating charges | 640/8 | €4,761 | €3,704 | -€1,058 | -22.2% |
| Gross operating margin | 9900 | €64,640 | -€29,072 | -€93,712 | |
| Operating profit (loss) | 9901 | €49,059 | -€43,943 | -€93,002 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +783% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +783% |
| Financial charges | 65/66B | €513 | €845 | +€332 | +64.6% |
| Recurring financial charges | 65 | €513 | €845 | +€332 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €48,546 | -€44,787 | -€93,333 | |
| Income taxes | 67/77 | €13,373 | €141 | -€13,232 | -98.9% |
| Profit (loss) for the period | 9904 | €35,173 | -€44,928 | -€80,101 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,173 | -€44,928 | -€80,101 |
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.