RENOVIX: 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.
RENOVIX
Largest movements
- Deferred charges and accrued income +€118,530
up €118,530 (+17,951%), from €660 to €119,190
- Tangible fixed assets +€58,228
up €58,228 (+262%), from €22,224 to €80,451
of which Leasing and similar rights: +€59,406
- Receivables within one year +€21,901
up €21,901 (+2.8%), from €773,955 to €795,856
of which Trade receivables: +€15,848
- Cash -€21,636
down €21,636 (-19.6%), from €110,254 to €88,618
mainly Short-term financial debts (-€158,748) and Deferred charges and accrued income (-€118,530)
- Trade debts +€175,134
up €175,134 (+186%), from €93,940 to €269,073
- Short-term financial debts -€158,748
down €158,748 (-90.5%), from €175,346 to €16,599
- Accrued charges and deferred income +€95,900
new in 2025: €95,900
- Reserves +€71,500
up €71,500 (+3,844%), from €1,860 to €73,360
of which Distributable reserves: +€69,640
- Tax, wage and social debts -€57,787
down €57,787 (-38.7%), from €149,269 to €91,483
of which Taxes: -€51,080
- Gross operating margin -€145,611
down €145,611 (-44.0%), from €331,197 to €185,586
- Taxes -€36,542
down €36,542 (-50.1%), from €72,976 to €36,434
- Other operating charges -€4,169
down €4,169 (-37.5%), from €11,132 to €6,963
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 | €907,379 | €1,084,402 | +€177,023 | +19.5% |
| Fixed assets | 21/28 | €22,510 | €80,737 | +€58,228 | +259% |
| Tangible fixed assets | 22/27 | €22,224 | €80,451 | +€58,228 | +262% |
| Plant, machinery and equipment | 23 | €8,569 | €4,340 | -€4,229 | -49.4% |
| Furniture and vehicles | 24 | €13,655 | €16,706 | +€3,051 | +22.3% |
| Leasing and similar rights | 25 | - | €59,406 | +€59,406 | |
| Financial fixed assets | 28 | €286 | €286 | = | 0.0% |
| Current assets | 29/58 | €884,869 | €1,003,665 | +€118,795 | +13.4% |
| Amounts receivable within one year | 40/41 | €773,955 | €795,856 | +€21,901 | +2.8% |
| Trade receivables | 40 | €765,890 | €781,738 | +€15,848 | +2.1% |
| Other amounts receivable | 41 | €8,065 | €14,118 | +€6,053 | +75.1% |
| Cash at bank and in hand | 54/58 | €110,254 | €88,618 | -€21,636 | -19.6% |
| Deferred charges and accrued income | 490/1 | €660 | €119,190 | +€118,530 | +17,951% |
| Total equity and liabilities | 10/49 | €907,379 | €1,084,402 | +€177,023 | +19.5% |
| Equity | 10/15 | €477,012 | €548,812 | +€71,801 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €73,360 | +€71,500 | +3,844% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | €71,500 | +€69,640 | +3,744% |
| Profit (loss) carried forward | 14 | €468,952 | €469,252 | +€301 | +0.1% |
| Amounts payable | 17/49 | €430,367 | €535,590 | +€105,222 | +24.4% |
| Amounts payable after more than one year | 17 | €2,820 | €46,455 | +€43,635 | +1,547% |
| Financial debts | 170/4 | €2,820 | €46,455 | +€43,635 | +1,547% |
| Amounts payable within one year | 42/48 | €427,547 | €393,234 | -€34,313 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €8,992 | €13,551 | +€4,559 | +50.7% |
| Financial debts | 43 | €175,346 | €16,599 | -€158,748 | -90.5% |
| Credit institutions | 430/8 | €175,346 | €16,599 | -€158,748 | -90.5% |
| Trade debts | 44 | €93,940 | €269,073 | +€175,134 | +186% |
| Suppliers | 440/4 | €93,940 | €269,073 | +€175,134 | +186% |
| Taxes, remuneration and social security | 45 | €149,269 | €91,483 | -€57,787 | -38.7% |
| Taxes | 450/3 | €128,490 | €77,410 | -€51,080 | -39.8% |
| Remuneration and social security | 454/9 | €20,780 | €14,073 | -€6,707 | -32.3% |
| Other amounts payable | 47/48 | - | €2,529 | +€2,529 | |
| Accrued charges and deferred income | 492/3 | - | €95,900 | +€95,900 | |
| Non-recurring operating income | 76A | - | €20,325 | +€20,325 | |
| Remuneration, social security and pensions | 62 | €45,461 | €43,538 | -€1,923 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,500 | €21,300 | -€2,200 | -9.4% |
| Other operating charges | 640/8 | €11,132 | €6,963 | -€4,169 | -37.5% |
| Gross operating margin | 9900 | €331,197 | €185,586 | -€145,611 | -44.0% |
| Operating profit (loss) | 9901 | €251,104 | €113,785 | -€137,318 | -54.7% |
| Financial income | 75/76B | €2,050 | €199 | -€1,851 | -90.3% |
| Recurring financial income | 75 | €2,050 | €199 | -€1,851 | -90.3% |
| Financial charges | 65/66B | €5,154 | €5,750 | +€596 | +11.6% |
| Recurring financial charges | 65 | €5,154 | €5,750 | +€596 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €248,000 | €108,234 | -€139,765 | -56.4% |
| Income taxes | 67/77 | €72,976 | €36,434 | -€36,542 | -50.1% |
| Profit (loss) for the period | 9904 | €175,023 | €71,801 | -€103,223 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €175,023 | €71,801 | -€103,223 | -59.0% |
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 20 October 2026 via checked.be.