RENOVATUM: 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.
RENOVATUM
Largest movements
- Receivables after one year -€11,115
down €11,115 (-31.6%), from €35,184 to €24,069
- Cash +€5,822
up €5,822 (+67.2%), from €8,660 to €14,482
mainly Receivables after one year (+€11,115) and Accrued charges and deferred income (+€1,722)
- Receivables within one year +€5,127
up €5,127 (+51.1%), from €10,037 to €15,164
of which Trade receivables: +€4,313
- Deferred charges and accrued income -€1,041
no longer reported in 2025 (was €1,041)
- Profit (loss) carried forward -€3,125
down €3,125 (-38.7%), from €8,071 to €4,946
- Accrued charges and deferred income +€1,722
new in 2025: €1,722
- Other debts -€1,051
no longer reported in 2025 (was €1,051)
- Trade debts +€1,044
up €1,044 (+259%), from €403 to €1,447
- Gross operating margin +€22,151
up €22,151, from -€9,834 to €12,318
- Write-downs +€14,250
new in 2025: €14,250
- Depreciation -€272
down €272 (-58.3%), from €467 to €195
- Other operating charges -€171
down €171 (-20.4%), from €838 to €667
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 | €58,236 | €56,835 | -€1,401 | -2.4% |
| Fixed assets | 21/28 | €3,315 | €3,120 | -€195 | -5.9% |
| Tangible fixed assets | 22/27 | €195 | - | -€195 | |
| Plant, machinery and equipment | 23 | €195 | - | -€195 | |
| Financial fixed assets | 28 | €3,120 | €3,120 | = | 0.0% |
| Current assets | 29/58 | €54,921 | €53,715 | -€1,206 | -2.2% |
| Amounts receivable after more than one year | 29 | €35,184 | €24,069 | -€11,115 | -31.6% |
| Other amounts receivable | 291 | €35,184 | €24,069 | -€11,115 | -31.6% |
| Amounts receivable within one year | 40/41 | €10,037 | €15,164 | +€5,127 | +51.1% |
| Trade receivables | 40 | €9,961 | €14,273 | +€4,313 | +43.3% |
| Other amounts receivable | 41 | €76 | €891 | +€815 | +1,069% |
| Cash at bank and in hand | 54/58 | €8,660 | €14,482 | +€5,822 | +67.2% |
| Deferred charges and accrued income | 490/1 | €1,041 | - | -€1,041 | |
| Total equity and liabilities | 10/49 | €58,236 | €56,835 | -€1,401 | -2.4% |
| Equity | 10/15 | €56,531 | €53,406 | -€3,125 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,860 | €29,860 | = | 0.0% |
| 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 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,071 | €4,946 | -€3,125 | -38.7% |
| Amounts payable | 17/49 | €1,705 | €3,429 | +€1,724 | +101% |
| Amounts payable within one year | 42/48 | €1,705 | €1,707 | +€2 | +0.1% |
| Trade debts | 44 | €403 | €1,447 | +€1,044 | +259% |
| Suppliers | 440/4 | €403 | €1,447 | +€1,044 | +259% |
| Taxes, remuneration and social security | 45 | €251 | €260 | +€9 | +3.7% |
| Taxes | 450/3 | €251 | €260 | +€9 | +3.7% |
| Other amounts payable | 47/48 | €1,051 | - | -€1,051 | |
| Accrued charges and deferred income | 492/3 | - | €1,722 | +€1,722 | |
| Remuneration, social security and pensions | 62 | €35 | €40 | +€5 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €195 | -€272 | -58.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,250 | +€14,250 | |
| Other operating charges | 640/8 | €838 | €667 | -€171 | -20.4% |
| Gross operating margin | 9900 | -€9,834 | €12,318 | +€22,151 | |
| Operating profit (loss) | 9901 | -€11,173 | -€2,834 | +€8,339 | +74.6% |
| Financial charges | 65/66B | €138 | €151 | +€13 | +9.4% |
| Recurring financial charges | 65 | €138 | €151 | +€13 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,311 | -€2,985 | +€8,326 | +73.6% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,450 | -€3,125 | +€8,325 | +72.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,450 | -€3,125 | +€8,325 | +72.7% |
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 16 October 2026 via checked.be.