RENOVEZ: 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.
RENOVEZ
Largest movements
- Tangible fixed assets +€56,179
up €56,179 (+17.9%), from €314,019 to €370,198
of which Land and buildings: +€56,286
- Cash -€18,083
down €18,083 (-86.7%), from €20,864 to €2,781
mainly Investment in fixed assets (net) (-€86,126) and Net result for the year (-€20,964)
- Other debts +€63,643
up €63,643 (+23.9%), from €266,016 to €329,659
- Profit (loss) carried forward -€20,964
down €20,964 (-669%), from -€3,133 to -€24,097
- Tax, wage and social debts -€12,002
no longer reported in 2025 (was €12,002)
- Trade debts +€10,067
up €10,067 (+288%), from €3,495 to €13,562
- Gross operating margin -€4,602
down €4,602 (-20.1%), from €22,855 to €18,253
- Other operating charges +€3,789
up €3,789 (+117%), from €3,231 to €7,020
- Depreciation +€2,408
up €2,408 (+8.7%), from €27,539 to €29,947
- Financial charges +€1,412
up €1,412 (+126%), from €1,118 to €2,530
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 | €343,847 | €382,596 | +€38,749 | +11.3% |
| Fixed assets | 21/28 | €314,019 | €370,198 | +€56,179 | +17.9% |
| Tangible fixed assets | 22/27 | €314,019 | €370,198 | +€56,179 | +17.9% |
| Land and buildings | 22 | €313,911 | €370,198 | +€56,286 | +17.9% |
| Plant, machinery and equipment | 23 | €108 | - | -€108 | |
| Current assets | 29/58 | €29,828 | €12,398 | -€17,430 | -58.4% |
| Amounts receivable within one year | 40/41 | €5,375 | €9,152 | +€3,777 | +70.3% |
| Trade receivables | 40 | - | €3,546 | +€3,546 | |
| Other amounts receivable | 41 | €5,375 | €5,606 | +€230 | +4.3% |
| Cash at bank and in hand | 54/58 | €20,864 | €2,781 | -€18,083 | -86.7% |
| Deferred charges and accrued income | 490/1 | €3,589 | €465 | -€3,124 | -87.0% |
| Total equity and liabilities | 10/49 | €343,847 | €382,596 | +€38,749 | +11.3% |
| Equity | 10/15 | €60,339 | €39,375 | -€20,964 | -34.7% |
| Contributions | 10/11 | €37,100 | €37,100 | = | 0.0% |
| Contributions outside capital | 11 | €37,100 | €37,100 | = | 0.0% |
| Other | 1109/19 | €37,100 | €37,100 | = | 0.0% |
| Reserves | 13 | €26,371 | €26,371 | = | 0.0% |
| Distributable reserves | 133 | €26,371 | €26,371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,133 | -€24,097 | -€20,964 | -669% |
| Amounts payable | 17/49 | €283,509 | €343,221 | +€59,712 | +21.1% |
| Amounts payable within one year | 42/48 | €281,513 | €343,221 | +€61,708 | +21.9% |
| Trade debts | 44 | €3,495 | €13,562 | +€10,067 | +288% |
| Suppliers | 440/4 | €3,495 | €13,562 | +€10,067 | +288% |
| Taxes, remuneration and social security | 45 | €12,002 | - | -€12,002 | |
| Taxes | 450/3 | €12,002 | - | -€12,002 | |
| Other amounts payable | 47/48 | €266,016 | €329,659 | +€63,643 | +23.9% |
| Accrued charges and deferred income | 492/3 | €1,996 | - | -€1,996 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,539 | €29,947 | +€2,408 | +8.7% |
| Other operating charges | 640/8 | €3,231 | €7,020 | +€3,789 | +117% |
| Gross operating margin | 9900 | €22,855 | €18,253 | -€4,602 | -20.1% |
| Operating profit (loss) | 9901 | -€7,914 | -€18,714 | -€10,800 | -136% |
| Financial income | 75/76B | €248 | €281 | +€32 | +13.1% |
| Recurring financial income | 75 | €248 | €281 | +€32 | +13.1% |
| Financial charges | 65/66B | €1,118 | €2,530 | +€1,412 | +126% |
| Recurring financial charges | 65 | €1,118 | €2,530 | +€1,412 | +126% |
| Profit (loss) for the period before taxes | 9903 | -€8,784 | -€20,964 | -€12,179 | -139% |
| Profit (loss) for the period | 9904 | -€8,784 | -€20,964 | -€12,179 | -139% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,784 | -€20,964 | -€12,179 | -139% |
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 14 October 2026 via checked.be.