RENOWAND: 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.
RENOWAND
Largest movements
- Receivables within one year -€28,206
down €28,206 (-98.3%), from €28,684 to €478
of which Trade receivables: -€19,979
- Cash -€22,111
down €22,111 (-98.1%), from €22,546 to €434
mainly Net result for the year (-€44,040) and Investment in fixed assets (net) (-€5,635)
- Intangible fixed assets +€4,508
new in 2025: €4,508
- Profit (loss) carried forward -€44,040
down €44,040 (-465.1%), from -€9,468 to -€53,508
- Trade debts -€940
down €940 (-1.9%), from €49,868 to €48,928
- Tax, wage and social debts -€830
down €830 (-100.0%), from €830 to €0
- Gross operating margin -€31,174
down €31,174 (-271.7%), from -€11,474 to -€42,649
- Depreciation +€1,127
new in 2025: €1,127
- Financial charges -€440
down €440, from €396 to -€44
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.
Cash bridge derived
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 | €51,230 | €5,421 | -€45,809 | -89.4% |
| Fixed assets | 21/28 | - | €4,508 | +€4,508 | |
| Intangible fixed assets | 21 | - | €4,508 | +€4,508 | |
| Current assets | 29/58 | €51,230 | €912 | -€50,318 | -98.2% |
| Amounts receivable within one year | 40/41 | €28,684 | €478 | -€28,206 | -98.3% |
| Trade receivables | 40 | €19,979 | €0 | -€19,979 | -100.0% |
| Other amounts receivable | 41 | €8,705 | €478 | -€8,227 | -94.5% |
| Cash at bank and in hand | 54/58 | €22,546 | €434 | -€22,111 | -98.1% |
| Total equity and liabilities | 10/49 | €51,230 | €5,421 | -€45,809 | -89.4% |
| Equity | 10/15 | €532 | -€43,508 | -€44,040 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,468 | -€53,508 | -€44,040 | -465.1% |
| Amounts payable | 17/49 | €50,698 | €48,928 | -€1,770 | -3.5% |
| Amounts payable within one year | 42/48 | €50,698 | €48,928 | -€1,770 | -3.5% |
| Trade debts | 44 | €49,868 | €48,928 | -€940 | -1.9% |
| Suppliers | 440/4 | €49,868 | €48,928 | -€940 | -1.9% |
| Taxes, remuneration and social security | 45 | €830 | €0 | -€830 | -100.0% |
| Taxes | 450/3 | €830 | €0 | -€830 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,127 | +€1,127 | |
| Other operating charges | 640/8 | €614 | €309 | -€305 | -49.7% |
| Gross operating margin | 9900 | -€11,474 | -€42,649 | -€31,174 | -271.7% |
| Operating profit (loss) | 9901 | -€12,088 | -€44,084 | -€31,996 | -264.7% |
| Financial charges | 65/66B | €396 | -€44 | -€440 | |
| Recurring financial charges | 65 | €396 | -€44 | -€440 | |
| Profit (loss) for the period before taxes | 9903 | -€12,484 | -€44,040 | -€31,556 | -252.8% |
| Profit (loss) for the period | 9904 | -€12,484 | -€44,040 | -€31,556 | -252.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,484 | -€44,040 | -€31,556 | -252.8% |
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 12 October 2026 via checked.be.