RENOVIGO: 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.
RENOVIGO
Largest movements
- Receivables within one year -€38,177
down €38,177 (-97.1%), from €39,318 to €1,141
of which Trade receivables: -€38,706
- Tangible fixed assets -€13,669
down €13,669 (-42.2%), from €32,391 to €18,722
of which Furniture and vehicles: -€10,707
- Cash +€2,951
up €2,951 (+78.5%), from €3,760 to €6,711
mainly Receivables within one year (+€38,177) and Depreciation (+€13,669)
- Stocks and contracts -€2,170
down €2,170 (-32.7%), from €6,642 to €4,471
- Reserves -€23,934
down €23,934 (-58.3%), from €41,058 to €17,124
- Trade debts -€16,826
down €16,826 (-65.2%), from €25,814 to €8,988
- Current portion of long-term debt -€8,052
down €8,052 (-76.6%), from €10,508 to €2,456
- Debts after one year -€2,456
no longer reported in 2025 (was €2,456)
- Financial charges -€20,203
down €20,203 (-99.3%), from €20,349 to €146
of which Non-recurring financial charges: -€18,401
- Write-downs +€15,807
new in 2025: €15,807
- Gross operating margin -€14,250
down €14,250 (-57.5%), from €24,801 to €10,551
- Financial income -€2,521
no longer reported in 2025 (was €2,521)
of which Non-recurring financial income: -€2,343
- Depreciation -€1,178
down €1,178 (-7.9%), from €14,847 to €13,669
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 | €82,110 | €31,045 | -€51,065 | -62.2% |
| Fixed assets | 21/28 | €32,391 | €18,722 | -€13,669 | -42.2% |
| Tangible fixed assets | 22/27 | €32,391 | €18,722 | -€13,669 | -42.2% |
| Plant, machinery and equipment | 23 | €2,962 | - | -€2,962 | |
| Furniture and vehicles | 24 | €29,429 | €18,722 | -€10,707 | -36.4% |
| Current assets | 29/58 | €49,720 | €12,323 | -€37,396 | -75.2% |
| Stocks and contracts in progress | 3 | €6,642 | €4,471 | -€2,170 | -32.7% |
| Stocks | 30/36 | €6,642 | €4,471 | -€2,170 | -32.7% |
| Amounts receivable within one year | 40/41 | €39,318 | €1,141 | -€38,177 | -97.1% |
| Trade receivables | 40 | €39,318 | €611 | -€38,706 | -98.4% |
| Other amounts receivable | 41 | - | €530 | +€530 | |
| Cash at bank and in hand | 54/58 | €3,760 | €6,711 | +€2,951 | +78.5% |
| Total equity and liabilities | 10/49 | €82,110 | €31,045 | -€51,065 | -62.2% |
| Equity | 10/15 | €43,018 | €19,084 | -€23,934 | -55.6% |
| Contributions | 10/11 | €1,960 | €1,960 | = | 0.0% |
| Reserves | 13 | €41,058 | €17,124 | -€23,934 | -58.3% |
| Distributable reserves | 133 | €41,058 | €17,124 | -€23,934 | -58.3% |
| Amounts payable | 17/49 | €39,093 | €11,961 | -€27,132 | -69.4% |
| Amounts payable after more than one year | 17 | €2,456 | - | -€2,456 | |
| Financial debts | 170/4 | €2,456 | - | -€2,456 | |
| Amounts payable within one year | 42/48 | €36,637 | €11,961 | -€24,676 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €10,508 | €2,456 | -€8,052 | -76.6% |
| Trade debts | 44 | €25,814 | €8,988 | -€16,826 | -65.2% |
| Suppliers | 440/4 | €25,814 | €8,988 | -€16,826 | -65.2% |
| Taxes, remuneration and social security | 45 | €315 | €517 | +€202 | +64.0% |
| Taxes | 450/3 | €315 | €517 | +€202 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,847 | €13,669 | -€1,178 | -7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,807 | +€15,807 | |
| Other operating charges | 640/8 | €1,605 | €1,417 | -€187 | -11.7% |
| Gross operating margin | 9900 | €24,801 | €10,551 | -€14,250 | -57.5% |
| Operating profit (loss) | 9901 | €8,349 | -€20,343 | -€28,692 | |
| Financial income | 75/76B | €2,521 | - | -€2,521 | |
| Recurring financial income | 75 | €178 | - | -€178 | |
| Non-recurring financial income | 76B | €2,343 | - | -€2,343 | |
| Financial charges | 65/66B | €20,349 | €146 | -€20,203 | -99.3% |
| Recurring financial charges | 65 | €1,947 | €146 | -€1,802 | -92.5% |
| Non-recurring financial charges | 66B | €18,401 | - | -€18,401 | |
| Profit (loss) for the period before taxes | 9903 | -€9,479 | -€20,489 | -€11,010 | -116% |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | -€9,489 | -€20,489 | -€11,000 | -116% |
| Transfer from tax-exempt reserves | 789 | €4,204 | - | -€4,204 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,285 | -€20,489 | -€15,204 | -288% |
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.