RENVOS: 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.
RENVOS
Largest movements
- Cash +€79,443
up €79,443 (+49.8%), from €159,403 to €238,847
mainly Net result for the year (+€114,474) and Other debts (+€54,427)
- Tangible fixed assets -€13,698
down €13,698 (-5.3%), from €258,232 to €244,534
of which Land and buildings: -€10,804
- Receivables within one year -€7,820
down €7,820 (-58.0%), from €13,485 to €5,665
of which Trade receivables: -€7,851
- Other debts +€54,427
up €54,427 (+372.5%), from €14,610 to €69,037
- Reserves +€49,087
up €49,087 (+19.1%), from €257,384 to €306,471
- Debts after one year -€42,271
down €42,271 (-62.3%), from €67,895 to €25,623
- Tax, wage and social debts -€10,824
down €10,824 (-27.1%), from €40,007 to €29,183
of which Taxes: -€11,749
- Short-term financial debts +€6,134
up €6,134 (+96.0%), from €6,392 to €12,526
- Gross operating margin +€19,045
up €19,045 (+6.1%), from €310,204 to €329,249
- Staff costs +€6,083
up €6,083 (+5.6%), from €108,683 to €114,766
- Depreciation +€4,697
up €4,697 (+18.8%), from €25,016 to €29,713
- Taxes +€3,707
up €3,707 (+7.1%), from €51,997 to €55,704
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 | €448,866 | €503,269 | +€54,403 | +12.1% |
| Fixed assets | 21/28 | €260,357 | €244,834 | -€15,523 | -6.0% |
| Tangible fixed assets | 22/27 | €258,232 | €244,534 | -€13,698 | -5.3% |
| Land and buildings | 22 | €177,744 | €166,940 | -€10,804 | -6.1% |
| Plant, machinery and equipment | 23 | €68,286 | €68,580 | +€294 | +0.4% |
| Furniture and vehicles | 24 | €12,202 | €9,013 | -€3,188 | -26.1% |
| Financial fixed assets | 28 | €2,125 | €300 | -€1,825 | -85.9% |
| Current assets | 29/58 | €188,509 | €258,435 | +€69,926 | +37.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €15,263 | €13,807 | -€1,455 | -9.5% |
| Stocks | 30/36 | €15,263 | €13,807 | -€1,455 | -9.5% |
| Amounts receivable within one year | 40/41 | €13,485 | €5,665 | -€7,820 | -58.0% |
| Trade receivables | 40 | €7,851 | €0 | -€7,851 | -100.0% |
| Other amounts receivable | 41 | €5,635 | €5,665 | +€30 | +0.5% |
| Cash at bank and in hand | 54/58 | €159,403 | €238,847 | +€79,443 | +49.8% |
| Deferred charges and accrued income | 490/1 | €357 | €115 | -€242 | -67.7% |
| Total equity and liabilities | 10/49 | €448,866 | €503,269 | +€54,403 | +12.1% |
| Equity | 10/15 | €264,384 | €313,471 | +€49,087 | +18.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €257,384 | €306,471 | +€49,087 | +19.1% |
| Distributable reserves | 133 | €257,384 | €306,471 | +€49,087 | +19.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €184,482 | €189,798 | +€5,316 | +2.9% |
| Amounts payable after more than one year | 17 | €67,895 | €25,623 | -€42,271 | -62.3% |
| Financial debts | 170/4 | €67,895 | €25,623 | -€42,271 | -62.3% |
| Amounts payable within one year | 42/48 | €116,587 | €164,175 | +€47,587 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €40,447 | €42,271 | +€1,824 | +4.5% |
| Financial debts | 43 | €6,392 | €12,526 | +€6,134 | +96.0% |
| Credit institutions | 430/8 | €6,392 | €12,526 | +€6,134 | +96.0% |
| Trade debts | 44 | €15,131 | €11,157 | -€3,975 | -26.3% |
| Suppliers | 440/4 | €15,131 | €11,157 | -€3,975 | -26.3% |
| Taxes, remuneration and social security | 45 | €40,007 | €29,183 | -€10,824 | -27.1% |
| Taxes | 450/3 | €29,334 | €17,585 | -€11,749 | -40.1% |
| Remuneration and social security | 454/9 | €10,672 | €11,598 | +€925 | +8.7% |
| Other amounts payable | 47/48 | €14,610 | €69,037 | +€54,427 | +372.5% |
| Remuneration, social security and pensions | 62 | €108,683 | €114,766 | +€6,083 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,016 | €29,713 | +€4,697 | +18.8% |
| Other operating charges | 640/8 | €2,367 | €2,503 | +€136 | +5.8% |
| Gross operating margin | 9900 | €310,204 | €329,249 | +€19,045 | +6.1% |
| Operating profit (loss) | 9901 | €174,138 | €182,266 | +€8,129 | +4.7% |
| Financial income | 75/76B | €1,462 | €116 | -€1,346 | -92.1% |
| Recurring financial income | 75 | €1,462 | €92 | -€1,370 | -93.7% |
| Non-recurring financial income | 76B | - | €24 | +€24 | |
| Financial charges | 65/66B | €10,410 | €12,205 | +€1,795 | +17.2% |
| Recurring financial charges | 65 | €10,410 | €12,205 | +€1,795 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €165,190 | €170,177 | +€4,988 | +3.0% |
| Income taxes | 67/77 | €51,997 | €55,704 | +€3,707 | +7.1% |
| Profit (loss) for the period | 9904 | €113,193 | €114,474 | +€1,281 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,193 | €114,474 | +€1,281 | +1.1% |
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 5 October 2026 via checked.be.