RENOVIC: 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.
RENOVIC
Largest movements
- Cash +€74,934
up €74,934 (+172%), from €43,574 to €118,508
mainly Net result for the year (+€59,189) and Depreciation (+€40,587)
- Tangible fixed assets -€32,290
down €32,290 (-12.0%), from €270,197 to €237,906
of which Furniture and vehicles: -€21,147
- Current investments -€30,000
down €30,000 (-16.7%), from €180,000 to €150,000
- Receivables within one year -€8,422
down €8,422 (-9.2%), from €91,606 to €83,185
of which Other amounts receivable: -€11,004
- Stocks and contracts -€7,788
down €7,788 (-47.6%), from €16,350 to €8,562
- Advances received +€17,501
up €17,501 (+537%), from €3,256 to €20,758
- Debts after one year -€15,278
down €15,278 (-26.9%), from €56,791 to €41,513
- Gross operating margin +€37,893
up €37,893 (+26.6%), from €142,359 to €180,251
- Provisions +€17,500
up €17,500, from -€17,500 to €0
- Financial income -€8,987
down €8,987 (-74.2%), from €12,108 to €3,121
- Staff costs +€5,816
up €5,816 (+13.3%), from €43,846 to €49,662
- Taxes +€4,977
up €4,977 (+19.7%), from €25,205 to €30,182
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 | €606,562 | €602,749 | -€3,813 | -0.6% |
| Fixed assets | 21/28 | €270,395 | €238,049 | -€32,346 | -12.0% |
| Tangible fixed assets | 22/27 | €270,197 | €237,906 | -€32,290 | -12.0% |
| Land and buildings | 22 | €217,281 | €211,491 | -€5,790 | -2.7% |
| Plant, machinery and equipment | 23 | €14,433 | €9,080 | -€5,354 | -37.1% |
| Furniture and vehicles | 24 | €38,482 | €17,335 | -€21,147 | -55.0% |
| Financial fixed assets | 28 | €198 | €143 | -€56 | -28.1% |
| Current assets | 29/58 | €336,167 | €364,700 | +€28,533 | +8.5% |
| Stocks and contracts in progress | 3 | €16,350 | €8,562 | -€7,788 | -47.6% |
| Stocks | 30/36 | €16,350 | €8,562 | -€7,788 | -47.6% |
| Amounts receivable within one year | 40/41 | €91,606 | €83,185 | -€8,422 | -9.2% |
| Trade receivables | 40 | €41,103 | €43,686 | +€2,583 | +6.3% |
| Other amounts receivable | 41 | €50,503 | €39,498 | -€11,004 | -21.8% |
| Current investments | 50/53 | €180,000 | €150,000 | -€30,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €43,574 | €118,508 | +€74,934 | +172% |
| Deferred charges and accrued income | 490/1 | €4,637 | €4,445 | -€192 | -4.1% |
| Total equity and liabilities | 10/49 | €606,562 | €602,749 | -€3,813 | -0.6% |
| Equity | 10/15 | €489,503 | €484,304 | -€5,199 | -1.1% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €349,503 | €344,304 | -€5,199 | -1.5% |
| Distributable reserves | 133 | €349,503 | €344,304 | -€5,199 | -1.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €117,059 | €118,445 | +€1,386 | +1.2% |
| Amounts payable after more than one year | 17 | €56,791 | €41,513 | -€15,278 | -26.9% |
| Financial debts | 170/4 | €56,791 | €41,513 | -€15,278 | -26.9% |
| Amounts payable within one year | 42/48 | €59,987 | €76,790 | +€16,804 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €15,122 | €15,278 | +€156 | +1.0% |
| Trade debts | 44 | €36,465 | €31,570 | -€4,895 | -13.4% |
| Suppliers | 440/4 | €36,465 | €31,570 | -€4,895 | -13.4% |
| Advances received on contracts in progress | 46 | €3,256 | €20,758 | +€17,501 | +537% |
| Taxes, remuneration and social security | 45 | €5,144 | €9,185 | +€4,041 | +78.6% |
| Taxes | 450/3 | €1,472 | €4,181 | +€2,709 | +184% |
| Remuneration and social security | 454/9 | €3,672 | €5,005 | +€1,333 | +36.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €282 | €142 | -€140 | -49.7% |
| Remuneration, social security and pensions | 62 | €43,846 | €49,662 | +€5,816 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,325 | €40,587 | -€2,738 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,865 | €0 | -€3,865 | -100% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,500 | €0 | +€17,500 | |
| Other operating charges | 640/8 | €2,381 | €2,514 | +€134 | +5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €142,359 | €180,251 | +€37,893 | +26.6% |
| Operating profit (loss) | 9901 | €66,442 | €87,488 | +€21,045 | +31.7% |
| Financial income | 75/76B | €12,108 | €3,121 | -€8,987 | -74.2% |
| Recurring financial income | 75 | €12,108 | €3,121 | -€8,987 | -74.2% |
| Financial charges | 65/66B | €4,469 | €1,238 | -€3,232 | -72.3% |
| Recurring financial charges | 65 | €4,469 | €1,238 | -€3,232 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €74,081 | €89,371 | +€15,290 | +20.6% |
| Income taxes | 67/77 | €25,205 | €30,182 | +€4,977 | +19.7% |
| Profit (loss) for the period | 9904 | €48,877 | €59,189 | +€10,312 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,877 | €59,189 | +€10,312 | +21.1% |
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 23 October 2026 via checked.be.