RenOves: what changed
Two fiscal 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.
RenOves
Largest movements
- Stocks and contracts -€172,774
down €172,774 (-27.2%), from €635,885 to €463,111
- Receivables within one year -€100,697
down €100,697 (-100.0%), from €100,697 to €0
of which Trade receivables: -€100,697
- Cash +€94,574
up €94,574 (+3056.7%), from €3,094 to €97,668
mainly Stocks and contracts (+€172,774) and Receivables within one year (+€100,697)
- Short-term financial debts -€175,000
down €175,000 (-100.0%), from €175,000 to €0
- Reserves +€169,280
up €169,280 (+262.2%), from €64,550 to €233,830
- Profit (loss) carried forward -€139,595
down €139,595 (-100.0%), from €139,595 to €0
- Trade debts -€130,945
down €130,945 (-93.7%), from €139,757 to €8,812
- Debts after one year +€85,284
up €85,284 (+34.5%), from €247,171 to €332,455
- Gross operating margin +€64,650
up €64,650, from -€9,997 to €54,652
- Taxes +€8,069
up €8,069, from €0 to €8,069
- Financial charges +€7,743
up €7,743 (+354.1%), from €2,187 to €9,929
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.
Cash bridge derived
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 | €831,969 | €647,889 | -€184,080 | -22.1% |
| Fixed assets | 21/28 | €91,287 | €86,071 | -€5,216 | -5.7% |
| Tangible fixed assets | 22/27 | €91,287 | €86,071 | -€5,216 | -5.7% |
| Land and buildings | 22 | €91,287 | €86,071 | -€5,216 | -5.7% |
| Current assets | 29/58 | €740,682 | €561,818 | -€178,864 | -24.1% |
| Stocks and contracts in progress | 3 | €635,885 | €463,111 | -€172,774 | -27.2% |
| Stocks | 30/36 | €635,885 | €463,111 | -€172,774 | -27.2% |
| Amounts receivable within one year | 40/41 | €100,697 | €0 | -€100,697 | -100.0% |
| Trade receivables | 40 | €100,697 | €0 | -€100,697 | -100.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,094 | €97,668 | +€94,574 | +3056.7% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,039 | +€34 | +3.4% |
| Total equity and liabilities | 10/49 | €831,969 | €647,889 | -€184,080 | -22.1% |
| Equity | 10/15 | €234,145 | €263,830 | +€29,684 | +12.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €64,550 | €233,830 | +€169,280 | +262.2% |
| Distributable reserves | 133 | €64,550 | €233,830 | +€169,280 | +262.2% |
| Profit (loss) carried forward | 14 | €139,595 | €0 | -€139,595 | -100.0% |
| Amounts payable | 17/49 | €597,823 | €384,059 | -€213,765 | -35.8% |
| Amounts payable after more than one year | 17 | €247,171 | €332,455 | +€85,284 | +34.5% |
| Financial debts | 170/4 | €247,171 | €332,455 | +€85,284 | +34.5% |
| Amounts payable within one year | 42/48 | €350,652 | €51,604 | -€299,048 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €4,989 | €5,067 | +€78 | +1.6% |
| Financial debts | 43 | €175,000 | €0 | -€175,000 | -100.0% |
| Credit institutions | 430/8 | €175,000 | €0 | -€175,000 | -100.0% |
| Trade debts | 44 | €139,757 | €8,812 | -€130,945 | -93.7% |
| Suppliers | 440/4 | €139,757 | €8,812 | -€130,945 | -93.7% |
| Taxes, remuneration and social security | 45 | €0 | €7,984 | +€7,984 | |
| Taxes | 450/3 | €0 | €7,984 | +€7,984 | |
| Other amounts payable | 47/48 | €30,907 | €29,742 | -€1,165 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,216 | €5,216 | = | 0.0% |
| Other operating charges | 640/8 | €1,661 | €2,038 | +€377 | +22.7% |
| Gross operating margin | 9900 | -€9,997 | €54,652 | +€64,650 | |
| Operating profit (loss) | 9901 | -€16,875 | €47,398 | +€64,273 | |
| Financial income | 75/76B | €0 | €284 | +€284 | |
| Recurring financial income | 75 | €0 | €284 | +€284 | |
| Financial charges | 65/66B | €2,187 | €9,929 | +€7,743 | +354.1% |
| Recurring financial charges | 65 | €2,187 | €9,929 | +€7,743 | +354.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,061 | €37,753 | +€56,815 | |
| Income taxes | 67/77 | €0 | €8,069 | +€8,069 | |
| Profit (loss) for the period | 9904 | -€19,061 | €29,684 | +€48,746 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,061 | €29,684 | +€48,746 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.