Renovaxi: 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.
Renovaxi
Largest movements
- Receivables within one year -€5,999
down €5,999 (-33.7%), from €17,823 to €11,825
of which Trade receivables: -€11,092
- Cash -€2,270
down €2,270 (-54.4%), from €4,171 to €1,901
mainly Other debts (-€6,630) and Investment in fixed assets (net) (-€5,148)
- Tangible fixed assets +€1,460
up €1,460 (+10.1%), from €14,483 to €15,943
- Stocks and contracts -€1,450
no longer reported in 2025 (was €1,450)
- Deferred charges and accrued income -€1,084
down €1,084 (-59.3%), from €1,827 to €743
- Other debts -€6,630
no longer reported in 2025 (was €6,630)
- Advances received -€3,684
down €3,684 (-77.3%), from €4,767 to €1,083
- Current portion of long-term debt +€1,540
up €1,540 (+41.9%), from €3,676 to €5,217
- Profit (loss) carried forward -€1,318
down €1,318 (-625%), from -€211 to -€1,529
- Trade debts +€972
up €972 (+12.6%), from €7,701 to €8,672
- Gross operating margin -€6,198
down €6,198 (-44.8%), from €13,849 to €7,652
- Staff costs +€1,977
up €1,977 (+93.1%), from €2,124 to €4,101
- Financial charges -€816
down €816 (-48.5%), from €1,683 to €867
- Other operating charges +€410
up €410 (+236%), from €173 to €583
- Depreciation +€273
up €273 (+8.0%), from €3,415 to €3,688
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 | €39,754 | €30,412 | -€9,342 | -23.5% |
| Fixed assets | 21/28 | €14,483 | €15,943 | +€1,460 | +10.1% |
| Tangible fixed assets | 22/27 | €14,483 | €15,943 | +€1,460 | +10.1% |
| Furniture and vehicles | 24 | €14,483 | €15,943 | +€1,460 | +10.1% |
| Current assets | 29/58 | €25,271 | €14,469 | -€10,802 | -42.7% |
| Stocks and contracts in progress | 3 | €1,450 | - | -€1,450 | |
| Stocks | 30/36 | €1,450 | - | -€1,450 | |
| Amounts receivable within one year | 40/41 | €17,823 | €11,825 | -€5,999 | -33.7% |
| Trade receivables | 40 | €15,083 | €3,991 | -€11,092 | -73.5% |
| Other amounts receivable | 41 | €2,740 | €7,834 | +€5,093 | +186% |
| Cash at bank and in hand | 54/58 | €4,171 | €1,901 | -€2,270 | -54.4% |
| Deferred charges and accrued income | 490/1 | €1,827 | €743 | -€1,084 | -59.3% |
| Total equity and liabilities | 10/49 | €39,754 | €30,412 | -€9,342 | -23.5% |
| Equity | 10/15 | €3,289 | €1,971 | -€1,318 | -40.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€211 | -€1,529 | -€1,318 | -625% |
| Amounts payable | 17/49 | €36,465 | €28,441 | -€8,024 | -22.0% |
| Amounts payable after more than one year | 17 | €12,111 | €11,149 | -€962 | -7.9% |
| Financial debts | 170/4 | €12,111 | €11,149 | -€962 | -7.9% |
| Amounts payable within one year | 42/48 | €24,343 | €17,292 | -€7,051 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €3,676 | €5,217 | +€1,540 | +41.9% |
| Trade debts | 44 | €7,701 | €8,672 | +€972 | +12.6% |
| Suppliers | 440/4 | €7,701 | €8,672 | +€972 | +12.6% |
| Advances received on contracts in progress | 46 | €4,767 | €1,083 | -€3,684 | -77.3% |
| Taxes, remuneration and social security | 45 | €1,569 | €2,320 | +€751 | +47.9% |
| Taxes | 450/3 | €397 | - | -€397 | |
| Remuneration and social security | 454/9 | €1,173 | €2,320 | +€1,148 | +97.9% |
| Other amounts payable | 47/48 | €6,630 | - | -€6,630 | |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Remuneration, social security and pensions | 62 | €2,124 | €4,101 | +€1,977 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,415 | €3,688 | +€273 | +8.0% |
| Other operating charges | 640/8 | €173 | €583 | +€410 | +236% |
| Gross operating margin | 9900 | €13,849 | €7,652 | -€6,198 | -44.8% |
| Operating profit (loss) | 9901 | €8,137 | -€720 | -€8,857 | |
| Financial income | 75/76B | €0 | €267 | +€267 | +534,140% |
| Recurring financial income | 75 | €0 | €267 | +€267 | +534,140% |
| Financial charges | 65/66B | €1,683 | €867 | -€816 | -48.5% |
| Recurring financial charges | 65 | €1,683 | €867 | -€816 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €6,453 | -€1,321 | -€7,774 | |
| Income taxes | 67/77 | €2 | -€2 | -€4 | |
| Profit (loss) for the period | 9904 | €6,451 | -€1,318 | -€7,770 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,451 | -€1,318 | -€7,770 |
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 25 October 2026 via checked.be.