RenV: 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.
RenV
Largest movements
- Cash +€37,216
up €37,216 (+52.0%), from €71,534 to €108,751
mainly Depreciation (+€29,169) and Net result for the year (+€8,686)
- Tangible fixed assets -€26,844
down €26,844 (-26.1%), from €102,840 to €75,996
of which Plant, machinery and equipment: -€19,749
- Deferred charges and accrued income -€3,194
down €3,194 (-79.2%), from €4,035 to €841
- Debts after one year -€17,873
down €17,873 (-18.5%), from €96,702 to €78,829
- Reserves +€8,686
up €8,686 (+17.5%), from €49,609 to €58,295
- Trade debts +€8,200
up €8,200 (+95.4%), from €8,595 to €16,796
- Staff costs +€11,355
up €11,355 (+30.3%), from €37,482 to €48,837
- Gross operating margin +€4,197
up €4,197 (+4.3%), from €97,877 to €102,074
- Taxes -€2,619
down €2,619 (-40.2%), from €6,520 to €3,901
- Financial charges +€1,146
up €1,146 (+12.9%), from €8,852 to €9,997
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 | €206,112 | €209,031 | +€2,919 | +1.4% |
| Fixed assets | 21/28 | €106,589 | €79,245 | -€27,344 | -25.7% |
| Intangible fixed assets | 21 | €3,749 | €3,249 | -€500 | -13.3% |
| Tangible fixed assets | 22/27 | €102,840 | €75,996 | -€26,844 | -26.1% |
| Plant, machinery and equipment | 23 | €54,637 | €34,888 | -€19,749 | -36.1% |
| Furniture and vehicles | 24 | €687 | €412 | -€275 | -40.0% |
| Other tangible fixed assets | 26 | €47,516 | €40,696 | -€6,820 | -14.4% |
| Current assets | 29/58 | €99,522 | €129,786 | +€30,264 | +30.4% |
| Stocks and contracts in progress | 3 | €9,554 | €7,486 | -€2,068 | -21.6% |
| Stocks | 30/36 | €9,554 | €7,486 | -€2,068 | -21.6% |
| Amounts receivable within one year | 40/41 | €14,400 | €12,708 | -€1,691 | -11.7% |
| Trade receivables | 40 | €8,435 | €7,036 | -€1,399 | -16.6% |
| Other amounts receivable | 41 | €5,964 | €5,672 | -€292 | -4.9% |
| Cash at bank and in hand | 54/58 | €71,534 | €108,751 | +€37,216 | +52.0% |
| Deferred charges and accrued income | 490/1 | €4,035 | €841 | -€3,194 | -79.2% |
| Total equity and liabilities | 10/49 | €206,112 | €209,031 | +€2,919 | +1.4% |
| Equity | 10/15 | €53,609 | €62,295 | +€8,686 | +16.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €49,609 | €58,295 | +€8,686 | +17.5% |
| Distributable reserves | 133 | €49,609 | €58,295 | +€8,686 | +17.5% |
| Amounts payable | 17/49 | €152,502 | €146,736 | -€5,766 | -3.8% |
| Amounts payable after more than one year | 17 | €96,702 | €78,829 | -€17,873 | -18.5% |
| Financial debts | 170/4 | €96,702 | €78,829 | -€17,873 | -18.5% |
| Amounts payable within one year | 42/48 | €55,395 | €65,864 | +€10,469 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €17,305 | €17,873 | +€568 | +3.3% |
| Trade debts | 44 | €8,595 | €16,796 | +€8,200 | +95.4% |
| Suppliers | 440/4 | €8,595 | €16,796 | +€8,200 | +95.4% |
| Taxes, remuneration and social security | 45 | €5,752 | €5,572 | -€181 | -3.1% |
| Taxes | 450/3 | €1,270 | €1,030 | -€239 | -18.9% |
| Remuneration and social security | 454/9 | €4,483 | €4,541 | +€59 | +1.3% |
| Other amounts payable | 47/48 | €23,743 | €25,624 | +€1,881 | +7.9% |
| Accrued charges and deferred income | 492/3 | €405 | €2,042 | +€1,638 | +405% |
| Remuneration, social security and pensions | 62 | €37,482 | €48,837 | +€11,355 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,804 | €29,169 | +€365 | +1.3% |
| Other operating charges | 640/8 | €1,264 | €1,624 | +€361 | +28.5% |
| Gross operating margin | 9900 | €97,877 | €102,074 | +€4,197 | +4.3% |
| Operating profit (loss) | 9901 | €30,326 | €22,443 | -€7,883 | -26.0% |
| Financial income | 75/76B | €104 | €141 | +€37 | +35.5% |
| Recurring financial income | 75 | €104 | €141 | +€37 | +35.5% |
| Financial charges | 65/66B | €8,852 | €9,997 | +€1,146 | +12.9% |
| Recurring financial charges | 65 | €8,852 | €9,997 | +€1,146 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €21,579 | €12,587 | -€8,992 | -41.7% |
| Income taxes | 67/77 | €6,520 | €3,901 | -€2,619 | -40.2% |
| Profit (loss) for the period | 9904 | €15,059 | €8,686 | -€6,373 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,059 | €8,686 | -€6,373 | -42.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.