RenovaWorks: what changed
RenovaWorks
Largest movements
- Tangible fixed assets +€20,611
up €20,611 (+1,812%), from €1,138 to €21,749
of which Furniture and vehicles: +€11,500
- Cash +€12,745
up €12,745 (+355%), from €3,592 to €16,337
mainly Net result for the year (+€24,351) and Tax, wage and social debts (+€9,258)
- Receivables within one year +€5,179
up €5,179 (+50.9%), from €10,167 to €15,346
of which Trade receivables: +€5,551
- Profit (loss) carried forward +€24,351
up €24,351 (+190%), from €12,847 to €37,198
- Tax, wage and social debts +€9,258
new in 2025: €9,258
of which Taxes: +€7,532
- Trade debts +€4,975
new in 2025: €4,975
- Gross operating margin +€24,162
up €24,162 (+187%), from €12,901 to €37,064
- Taxes +€7,532
new in 2025: €7,532
- Staff costs +€4,498
new in 2025: €4,498
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,897 | €53,431 | +€38,534 | +259% |
| Fixed assets | 21/28 | €1,138 | €21,749 | +€20,611 | +1,812% |
| Tangible fixed assets | 22/27 | €1,138 | €21,749 | +€20,611 | +1,812% |
| Plant, machinery and equipment | 23 | €1,138 | €10,249 | +€9,111 | +801% |
| Furniture and vehicles | 24 | - | €11,500 | +€11,500 | |
| Current assets | 29/58 | €13,759 | €31,682 | +€17,923 | +130% |
| Amounts receivable within one year | 40/41 | €10,167 | €15,346 | +€5,179 | +50.9% |
| Trade receivables | 40 | €4,331 | €9,882 | +€5,551 | +128% |
| Other amounts receivable | 41 | €5,836 | €5,463 | -€373 | -6.4% |
| Cash at bank and in hand | 54/58 | €3,592 | €16,337 | +€12,745 | +355% |
| Total equity and liabilities | 10/49 | €14,897 | €53,431 | +€38,534 | +259% |
| Equity | 10/15 | €14,897 | €39,198 | +€24,301 | +163% |
| Contributions | 10/11 | €2,050 | €2,000 | -€50 | -2.4% |
| Profit (loss) carried forward | 14 | €12,847 | €37,198 | +€24,351 | +190% |
| Amounts payable | 17/49 | - | €14,233 | +€14,233 | |
| Amounts payable within one year | 42/48 | - | €14,233 | +€14,233 | |
| Trade debts | 44 | - | €4,975 | +€4,975 | |
| Suppliers | 440/4 | - | €4,975 | +€4,975 | |
| Taxes, remuneration and social security | 45 | - | €9,258 | +€9,258 | |
| Taxes | 450/3 | - | €7,532 | +€7,532 | |
| Remuneration and social security | 454/9 | - | €1,725 | +€1,725 | |
| Remuneration, social security and pensions | 62 | - | €4,498 | +€4,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29 | €389 | +€360 | +1,231% |
| Other operating charges | 640/8 | - | €189 | +€189 | |
| Gross operating margin | 9900 | €12,901 | €37,064 | +€24,162 | +187% |
| Operating profit (loss) | 9901 | €12,872 | €31,988 | +€19,116 | +149% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €26 | €104 | +€79 | +308% |
| Recurring financial charges | 65 | €26 | €104 | +€79 | +308% |
| Profit (loss) for the period before taxes | 9903 | €12,847 | €31,884 | +€19,037 | +148% |
| Income taxes | 67/77 | - | €7,532 | +€7,532 | |
| Profit (loss) for the period | 9904 | €12,847 | €24,351 | +€11,505 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,847 | €24,351 | +€11,505 | +89.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.