RENOWELL: what changed
Two fiscal 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.
RENOWELL
Largest movements
- Receivables within one year -€46,827
down €46,827 (-18.6%), from €251,858 to €205,031
of which Trade receivables: -€97,716
- Stocks and contracts -€22,491
down €22,491 (-37.7%), from €59,668 to €37,177
- Trade debts -€46,038
down €46,038 (-91.3%), from €50,427 to €4,388
- Debts after one year -€38,121
down €38,121 (-23.7%), from €160,790 to €122,669
- Short-term financial debts +€18,806
up €18,806 (+90.3%), from €20,819 to €39,626
- Current portion of long-term debt -€11,959
down €11,959 (-23.9%), from €50,079 to €38,121
- Profit (loss) carried forward +€8,221
up €8,221 (+41.8%), from -€19,659 to -€11,438
- Gross operating margin +€35,321
up €35,321 (+53.8%), from €65,667 to €100,988
- Write-downs +€28,034
new in 2025: €28,034
- Other operating charges +€23,365
up €23,365 (+2437.9%), from €958 to €24,323
- Depreciation -€5,660
no longer reported in 2025 (was €5,660)
- Financial charges -€2,008
down €2,008 (-4.8%), from €42,154 to €40,146
of which Financial charges: -€9,284
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 | €315,762 | €247,276 | -€68,486 | -21.7% |
| Fixed assets | 21/28 | €3,395 | €3,695 | +€300 | +8.8% |
| Financial fixed assets | 28 | €3,395 | €3,695 | +€300 | +8.8% |
| Current assets | 29/58 | €312,367 | €243,581 | -€68,786 | -22.0% |
| Stocks and contracts in progress | 3 | €59,668 | €37,177 | -€22,491 | -37.7% |
| Stocks | 30/36 | €59,668 | €37,177 | -€22,491 | -37.7% |
| Amounts receivable within one year | 40/41 | €251,858 | €205,031 | -€46,827 | -18.6% |
| Trade receivables | 40 | €195,536 | €97,820 | -€97,716 | -50.0% |
| Other amounts receivable | 41 | €56,323 | €107,211 | +€50,889 | +90.4% |
| Cash at bank and in hand | 54/58 | - | €440 | +€440 | |
| Deferred charges and accrued income | 490/1 | €841 | €933 | +€92 | +10.9% |
| Total equity and liabilities | 10/49 | €315,762 | €247,276 | -€68,486 | -21.7% |
| Equity | 10/15 | €24,646 | €32,867 | +€8,221 | +33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €25,705 | €25,705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,845 | €23,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,659 | -€11,438 | +€8,221 | +41.8% |
| Amounts payable | 17/49 | €291,116 | €214,409 | -€76,707 | -26.3% |
| Amounts payable after more than one year | 17 | €160,790 | €122,669 | -€38,121 | -23.7% |
| Financial debts | 170/4 | €160,790 | €122,669 | -€38,121 | -23.7% |
| Amounts payable within one year | 42/48 | €130,327 | €91,740 | -€38,586 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €50,079 | €38,121 | -€11,959 | -23.9% |
| Financial debts | 43 | €20,819 | €39,626 | +€18,806 | +90.3% |
| Credit institutions | 430/8 | €20,819 | €39,626 | +€18,806 | +90.3% |
| Trade debts | 44 | €50,427 | €4,388 | -€46,038 | -91.3% |
| Suppliers | 440/4 | €50,427 | €4,388 | -€46,038 | -91.3% |
| Advances received on contracts in progress | 46 | €8,687 | €8,687 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €314 | €919 | +€604 | +192.4% |
| Taxes | 450/3 | €314 | €919 | +€604 | +192.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,660 | - | -€5,660 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,034 | +€28,034 | |
| Other operating charges | 640/8 | €958 | €24,323 | +€23,365 | +2437.9% |
| Gross operating margin | 9900 | €65,667 | €100,988 | +€35,321 | +53.8% |
| Operating profit (loss) | 9901 | €59,048 | €48,631 | -€10,418 | -17.6% |
| Financial income | 75/76B | €201 | €0 | -€200 | -100.0% |
| Recurring financial income | 75 | €201 | €0 | -€200 | -100.0% |
| Financial charges | 65/66B | €42,154 | €40,146 | -€2,008 | -4.8% |
| Recurring financial charges | 65 | €42,154 | €32,870 | -€9,284 | -22.0% |
| Non-recurring financial charges | 66B | - | €7,277 | +€7,277 | |
| Profit (loss) for the period before taxes | 9903 | €17,095 | €8,485 | -€8,610 | -50.4% |
| Income taxes | 67/77 | €314 | €264 | -€50 | -16.0% |
| Profit (loss) for the period | 9904 | €16,781 | €8,221 | -€8,560 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,781 | €8,221 | -€8,560 | -51.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.