RENUEVA: 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.
What changed
RENUEVA
NACE 25.401, Forging of metal
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,531
2024 · €2,947-€1,416
Equity
€149,248
2024 · €147,717+€1,531
Cash
€6,370
2024 · €3,123+€3,247
Balance sheet total
€1.3m
2024 · €1.3m+€66,535
Largest movements
Assets
- Stocks and contracts +€29,883
up €29,883 (+17.5%), from €170,772 to €200,655
of which Contracts in progress: +€26,605
- Tangible fixed assets +€24,860
up €24,860 (+2.3%), from €1.1m to €1.1m
of which Assets under construction and advance payments: +€34,543
Equity and liabilities
- Debts after one year -€178,423
down €178,423 (-20.4%), from €874,947 to €696,524
- Current portion of long-term debt +€172,293
up €172,293 (+298.8%), from €57,666 to €229,959
- Other debts +€34,175
up €34,175 (+26.3%), from €129,965 to €164,140
- Short-term financial debts +€19,250
up €19,250 (+81.5%), from €23,629 to €42,879
of which Credit institutions: +€20,000
Income statement
- Staff costs -€37,574
down €37,574 (-97.9%), from €38,366 to €793
- Gross operating margin -€23,802
down €23,802 (-17.7%), from €134,446 to €110,644
- Depreciation +€10,167
up €10,167 (+18.6%), from €54,624 to €64,791
- Financial charges +€7,943
up €7,943 (+28.7%), from €27,721 to €35,664
- Other operating charges +€1,484
up €1,484 (+24.3%), from €6,104 to €7,588
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.
Result 2024
€2,947
Gross operating margin
-€23,802
Staff costs
+€37,574
Depreciation
-€10,167
Other operating charges
-€1,484
Other operating items
+€4,500
Financial income
-€202
Financial charges
-€7,943
Taxes
+€109
Result 2025
€1,531
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.
From operations
+€82,253
Investment
-€92,125
Financing
+€13,119
Cash 2024
€3,123
From operations (derived)
+€82,253
Net result for the year
+€1,531
Depreciation
+€64,791
Stocks and contracts
-€29,883
Receivables within one year
-€8,031
Deferred charges and accrued income
+€1,960
Trade debts
+€8,879
Tax, wage and social debts
+€8,523
Other debts
+€34,175
Accrued charges and deferred income
+€308
Investment (derived)
-€92,125
Investment in fixed assets (net)
-€92,125
Current investments
-€1
Financing
+€13,119
Debts after one year
-€178,423
Current portion of long-term debt
+€172,293
Short-term financial debts
+€19,250
Cash 2025
€6,370
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,255,701 | €1,322,237 | +€66,535 | +5.3% |
| Fixed assets | 21/28 | €1,075,002 | €1,102,335 | +€27,334 | +2.5% |
| Intangible fixed assets | 21 | - | €2,474 | +€2,474 | |
| Tangible fixed assets | 22/27 | €1,074,752 | €1,099,612 | +€24,860 | +2.3% |
| Land and buildings | 22 | €813,513 | €819,456 | +€5,943 | +0.7% |
| Plant, machinery and equipment | 23 | €95,169 | €92,093 | -€3,077 | -3.2% |
| Furniture and vehicles | 24 | €38,302 | €25,753 | -€12,549 | -32.8% |
| Assets under construction and advance payments | 27 | €127,767 | €162,310 | +€34,543 | +27.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €180,700 | €219,901 | +€39,202 | +21.7% |
| Stocks and contracts in progress | 3 | €170,772 | €200,655 | +€29,883 | +17.5% |
| Stocks | 30/36 | €34,294 | €37,573 | +€3,278 | +9.6% |
| Contracts in progress | 37 | €136,477 | €163,082 | +€26,605 | +19.5% |
| Amounts receivable within one year | 40/41 | €4,477 | €12,508 | +€8,031 | +179.4% |
| Trade receivables | 40 | €3,636 | €8,099 | +€4,463 | +122.8% |
| Other amounts receivable | 41 | €841 | €4,408 | +€3,568 | +424.4% |
| Current investments | 50/53 | €0 | €1 | +€1 | +6800.0% |
| Cash at bank and in hand | 54/58 | €3,123 | €6,370 | +€3,247 | +104.0% |
| Deferred charges and accrued income | 490/1 | €2,329 | €369 | -€1,960 | -84.2% |
| Total equity and liabilities | 10/49 | €1,255,701 | €1,322,237 | +€66,535 | +5.3% |
| Equity | 10/15 | €147,717 | €149,248 | +€1,531 | +1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,117 | €130,648 | +€1,531 | +1.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €127,257 | €128,788 | +€1,531 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,107,985 | €1,172,989 | +€65,004 | +5.9% |
| Amounts payable after more than one year | 17 | €874,947 | €696,524 | -€178,423 | -20.4% |
| Financial debts | 170/4 | €874,947 | €696,524 | -€178,423 | -20.4% |
| Amounts payable within one year | 42/48 | €223,861 | €466,980 | +€243,119 | +108.6% |
| Current portion of amounts payable after more than one year | 42 | €57,666 | €229,959 | +€172,293 | +298.8% |
| Financial debts | 43 | €23,629 | €42,879 | +€19,250 | +81.5% |
| Credit institutions | 430/8 | €22,587 | €42,587 | +€20,000 | +88.5% |
| Other loans | 439 | €1,042 | €292 | -€750 | -72.0% |
| Trade debts | 44 | €11,690 | €20,569 | +€8,879 | +76.0% |
| Suppliers | 440/4 | €11,690 | €20,569 | +€8,879 | +76.0% |
| Advances received on contracts in progress | 46 | €195 | €195 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €715 | €9,239 | +€8,523 | +1191.3% |
| Taxes | 450/3 | €715 | €1,297 | +€581 | +81.2% |
| Remuneration and social security | 454/9 | €0 | €7,942 | +€7,942 | |
| Other amounts payable | 47/48 | €129,965 | €164,140 | +€34,175 | +26.3% |
| Accrued charges and deferred income | 492/3 | €9,177 | €9,485 | +€308 | +3.4% |
| Non-recurring operating income | 76A | €2,608 | €0 | -€2,608 | -100.0% |
| Remuneration, social security and pensions | 62 | €38,366 | €793 | -€37,574 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,624 | €64,791 | +€10,167 | +18.6% |
| Other operating charges | 640/8 | €6,104 | €7,588 | +€1,484 | +24.3% |
| Non-recurring operating charges | 66A | €4,500 | €0 | -€4,500 | -100.0% |
| Gross operating margin | 9900 | €134,446 | €110,644 | -€23,802 | -17.7% |
| Operating profit (loss) | 9901 | €30,852 | €37,472 | +€6,620 | +21.5% |
| Financial income | 75/76B | €218 | €17 | -€202 | -92.3% |
| Recurring financial income | 75 | €218 | €17 | -€202 | -92.3% |
| Financial charges | 65/66B | €27,721 | €35,664 | +€7,943 | +28.7% |
| Recurring financial charges | 65 | €27,721 | €35,664 | +€7,943 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €3,349 | €1,825 | -€1,524 | -45.5% |
| Income taxes | 67/77 | €402 | €293 | -€109 | -27.0% |
| Profit (loss) for the period | 9904 | €2,947 | €1,531 | -€1,416 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,947 | €1,531 | -€1,416 | -48.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.