Rinnovate: 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.
Rinnovate
Largest movements
- Tangible fixed assets +€17,172
new in 2025: €17,172
of which Furniture and vehicles: +€16,034
- Cash +€9,047
up €9,047 (+19.5%), from €46,362 to €55,409
mainly Net result for the year (+€22,841) and Other debts (+€15,229)
- Reserves -€26,520
no longer reported in 2025 (was €26,520)
- Profit (loss) carried forward +€22,841
new in 2025: €22,841
- Other debts +€15,229
new in 2025: €15,229
- Tax, wage and social debts +€8,792
up €8,792 (+168%), from €5,225 to €14,017
- Trade debts +€6,374
up €6,374, from €0 to €6,374
- Gross operating margin +€9,231
up €9,231 (+45.2%), from €20,413 to €29,644
- Taxes +€1,889
up €1,889 (+46.2%), from €4,086 to €5,975
- Depreciation +€345
new in 2025: €345
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 | €46,745 | €73,460 | +€26,715 | +57.2% |
| Fixed assets | 21/28 | - | €17,172 | +€17,172 | |
| Tangible fixed assets | 22/27 | - | €17,172 | +€17,172 | |
| Plant, machinery and equipment | 23 | - | €1,138 | +€1,138 | |
| Furniture and vehicles | 24 | - | €16,034 | +€16,034 | |
| Current assets | 29/58 | €46,745 | €56,288 | +€9,543 | +20.4% |
| Amounts receivable within one year | 40/41 | €383 | €521 | +€138 | +36.1% |
| Trade receivables | 40 | €383 | - | -€383 | |
| Other amounts receivable | 41 | - | €521 | +€521 | |
| Cash at bank and in hand | 54/58 | €46,362 | €55,409 | +€9,047 | +19.5% |
| Deferred charges and accrued income | 490/1 | - | €358 | +€358 | |
| Total equity and liabilities | 10/49 | €46,745 | €73,460 | +€26,715 | +57.2% |
| Equity | 10/15 | €41,520 | €37,841 | -€3,679 | -8.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €26,520 | - | -€26,520 | |
| Distributable reserves | 133 | €26,520 | - | -€26,520 | |
| Profit (loss) carried forward | 14 | - | €22,841 | +€22,841 | |
| Amounts payable | 17/49 | €5,225 | €35,619 | +€30,394 | +582% |
| Amounts payable within one year | 42/48 | €5,225 | €35,619 | +€30,394 | +582% |
| Trade debts | 44 | €0 | €6,374 | +€6,374 | |
| Suppliers | 440/4 | €0 | €6,374 | +€6,374 | |
| Taxes, remuneration and social security | 45 | €5,225 | €14,017 | +€8,792 | +168% |
| Taxes | 450/3 | €5,225 | €14,017 | +€8,792 | +168% |
| Other amounts payable | 47/48 | - | €15,229 | +€15,229 | |
| Remuneration, social security and pensions | 62 | €40 | - | -€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €345 | +€345 | |
| Other operating charges | 640/8 | €508 | €400 | -€108 | -21.3% |
| Gross operating margin | 9900 | €20,413 | €29,644 | +€9,231 | +45.2% |
| Operating profit (loss) | 9901 | €19,865 | €28,899 | +€9,034 | +45.5% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €83 | €83 | +€0 | +0.5% |
| Recurring financial charges | 65 | €83 | €83 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €19,830 | €28,816 | +€8,986 | +45.3% |
| Income taxes | 67/77 | €4,086 | €5,975 | +€1,889 | +46.2% |
| Profit (loss) for the period | 9904 | €15,743 | €22,841 | +€7,097 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,743 | €22,841 | +€7,097 | +45.1% |
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 29 October 2026 via checked.be.