RENOVIM: 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.
RENOVIM
Largest movements
- Stocks and contracts +€102,009
up €102,009 (+54.5%), from €187,092 to €289,101
- Cash -€29,127
down €29,127 (-75.0%), from €38,821 to €9,694
mainly Stocks and contracts (-€102,009) and Net result for the year (-€10,112)
- Short-term financial debts +€70,000
up €70,000 (+87.5%), from €80,000 to €150,000
- Profit (loss) carried forward -€10,112
down €10,112 (-151%), from -€6,711 to -€16,823
- Current portion of long-term debt +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Gross operating margin -€3,324
down €3,324, from €1,997 to -€1,326
- Financial charges +€44
up €44 (+0.5%), from €8,316 to €8,360
- Other operating charges +€33
up €33 (+8.3%), from €393 to €425
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 | €254,189 | €326,799 | +€72,610 | +28.6% |
| Current assets | 29/58 | €254,189 | €326,799 | +€72,610 | +28.6% |
| Stocks and contracts in progress | 3 | €187,092 | €289,101 | +€102,009 | +54.5% |
| Stocks | 30/36 | €187,092 | €289,101 | +€102,009 | +54.5% |
| Amounts receivable within one year | 40/41 | €28,275 | €28,004 | -€271 | -1.0% |
| Trade receivables | 40 | €10,600 | €11,300 | +€700 | +6.6% |
| Other amounts receivable | 41 | €17,675 | €16,704 | -€971 | -5.5% |
| Cash at bank and in hand | 54/58 | €38,821 | €9,694 | -€29,127 | -75.0% |
| Total equity and liabilities | 10/49 | €254,189 | €326,799 | +€72,610 | +28.6% |
| Equity | 10/15 | €18,232 | €8,120 | -€10,112 | -55.5% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €13,943 | €13,943 | = | 0.0% |
| Distributable reserves | 133 | €13,943 | €13,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,711 | -€16,823 | -€10,112 | -151% |
| Amounts payable | 17/49 | €235,957 | €318,679 | +€82,722 | +35.1% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,685 | €203,407 | +€81,722 | +67.2% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Financial debts | 43 | €80,000 | €150,000 | +€70,000 | +87.5% |
| Credit institutions | 430/8 | €80,000 | €150,000 | +€70,000 | +87.5% |
| Trade debts | 44 | €16,685 | €18,407 | +€1,722 | +10.3% |
| Suppliers | 440/4 | €16,685 | €18,407 | +€1,722 | +10.3% |
| Accrued charges and deferred income | 492/3 | €4,272 | €5,272 | +€1,000 | +23.4% |
| Other operating charges | 640/8 | €393 | €425 | +€33 | +8.3% |
| Gross operating margin | 9900 | €1,997 | -€1,326 | -€3,324 | |
| Operating profit (loss) | 9901 | €1,605 | -€1,752 | -€3,356 | |
| Financial charges | 65/66B | €8,316 | €8,360 | +€44 | +0.5% |
| Recurring financial charges | 65 | €8,316 | €8,360 | +€44 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,711 | -€10,112 | -€3,400 | -50.7% |
| Profit (loss) for the period | 9904 | -€6,711 | -€10,112 | -€3,400 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,711 | -€10,112 | -€3,400 | -50.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.