RENOWRAP: 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.
RENOWRAP
Largest movements
- Cash +€86,420
up €86,420 (+316%), from €27,322 to €113,742
mainly Net result for the year (+€70,724) and Tax, wage and social debts (+€31,744)
- Tangible fixed assets +€16,907
up €16,907 (+112%), from €15,102 to €32,008
- Receivables within one year +€15,351
up €15,351 (+37.6%), from €40,846 to €56,197
of which Trade receivables: +€9,789
- Reserves +€59,724
up €59,724 (+309%), from €19,322 to €79,046
- Tax, wage and social debts +€31,744
up €31,744 (+105%), from €30,235 to €61,980
of which Taxes: +€17,902
- Debts after one year +€11,190
up €11,190 (+121%), from €9,217 to €20,407
- Other debts +€11,000
new in 2025: €11,000
- Current portion of long-term debt +€5,030
up €5,030 (+104%), from €4,846 to €9,875
- Gross operating margin +€121,929
up €121,929 (+120%), from €101,774 to €223,704
- Staff costs +€47,233
up €47,233 (+68.8%), from €68,691 to €115,925
- Taxes +€12,021
up €12,021 (+151%), from €7,979 to €20,000
- Depreciation +€4,807
up €4,807 (+132%), from €3,635 to €8,442
- Financial charges +€3,258
up €3,258 (+259%), from €1,257 to €4,515
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 | €85,775 | €204,452 | +€118,678 | +138% |
| Fixed assets | 21/28 | €17,607 | €34,513 | +€16,907 | +96.0% |
| Tangible fixed assets | 22/27 | €15,102 | €32,008 | +€16,907 | +112% |
| Leasing and similar rights | 25 | €15,102 | €32,008 | +€16,907 | +112% |
| Financial fixed assets | 28 | €2,505 | €2,505 | = | 0.0% |
| Current assets | 29/58 | €68,168 | €169,939 | +€101,771 | +149% |
| Amounts receivable within one year | 40/41 | €40,846 | €56,197 | +€15,351 | +37.6% |
| Trade receivables | 40 | €17,331 | €27,120 | +€9,789 | +56.5% |
| Other amounts receivable | 41 | €23,515 | €29,077 | +€5,562 | +23.7% |
| Cash at bank and in hand | 54/58 | €27,322 | €113,742 | +€86,420 | +316% |
| Total equity and liabilities | 10/49 | €85,775 | €204,452 | +€118,678 | +138% |
| Equity | 10/15 | €20,322 | €80,046 | +€59,724 | +294% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €19,322 | €79,046 | +€59,724 | +309% |
| Distributable reserves | 133 | €19,322 | €79,046 | +€59,724 | +309% |
| Amounts payable | 17/49 | €65,453 | €124,406 | +€58,953 | +90.1% |
| Amounts payable after more than one year | 17 | €9,217 | €20,407 | +€11,190 | +121% |
| Financial debts | 170/4 | €9,217 | €20,407 | +€11,190 | +121% |
| Amounts payable within one year | 42/48 | €56,236 | €103,999 | +€47,763 | +84.9% |
| Current portion of amounts payable after more than one year | 42 | €4,846 | €9,875 | +€5,030 | +104% |
| Trade debts | 44 | €20,875 | €21,144 | +€269 | +1.3% |
| Suppliers | 440/4 | €16,109 | €20,126 | +€4,018 | +24.9% |
| Bills of exchange payable | 441 | €4,766 | €1,018 | -€3,748 | -78.6% |
| Advances received on contracts in progress | 46 | €281 | - | -€281 | |
| Taxes, remuneration and social security | 45 | €30,235 | €61,980 | +€31,744 | +105% |
| Taxes | 450/3 | €13,656 | €31,558 | +€17,902 | +131% |
| Remuneration and social security | 454/9 | €16,579 | €30,421 | +€13,842 | +83.5% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €68,691 | €115,925 | +€47,233 | +68.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,635 | €8,442 | +€4,807 | +132% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,796 | +€1,796 | |
| Other operating charges | 640/8 | €1,825 | €2,360 | +€535 | +29.3% |
| Gross operating margin | 9900 | €101,774 | €223,704 | +€121,929 | +120% |
| Operating profit (loss) | 9901 | €27,623 | €95,181 | +€67,558 | +245% |
| Financial income | 75/76B | €934 | €59 | -€875 | -93.7% |
| Recurring financial income | 75 | €934 | €59 | -€875 | -93.7% |
| Financial charges | 65/66B | €1,257 | €4,515 | +€3,258 | +259% |
| Recurring financial charges | 65 | €1,257 | €4,515 | +€3,258 | +259% |
| Profit (loss) for the period before taxes | 9903 | €27,300 | €90,724 | +€63,424 | +232% |
| Income taxes | 67/77 | €7,979 | €20,000 | +€12,021 | +151% |
| Profit (loss) for the period | 9904 | €19,322 | €70,724 | +€51,403 | +266% |
| Profit (loss) for the period to be appropriated | 9905 | €19,322 | €70,724 | +€51,403 | +266% |
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 28 October 2026 via checked.be.