SOUSA-RENOVA: what changed
SOUSA-RENOVA
Largest movements
- Cash -€21,846
down €21,846 (-78.4%), from €27,858 to €6,012
mainly Stocks and contracts (-€16,745) and Investment in fixed assets (net) (-€11,509)
- Stocks and contracts +€16,745
new in 2025: €16,745
- Receivables within one year +€9,012
up €9,012 (+62.8%), from €14,346 to €23,357
of which Other amounts receivable: +€9,012
- Tangible fixed assets +€5,363
up €5,363 (+96.2%), from €5,578 to €10,941
of which Furniture and vehicles: +€6,918
- Financial fixed assets +€1,500
up €1,500 (+6,000%), from €25 to €1,525
- Reserves +€9,342
up €9,342 (+39.9%), from €23,416 to €32,758
- Trade debts +€2,838
up €2,838 (+170%), from €1,673 to €4,510
- Tax, wage and social debts -€1,128
down €1,128 (-12.9%), from €8,771 to €7,642
of which Remuneration and social security: -€645
- Gross operating margin -€16,093
down €16,093 (-22.7%), from €71,041 to €54,948
- Taxes -€6,862
down €6,862 (-59.5%), from €11,538 to €4,675
- Staff costs +€3,372
up €3,372 (+13.3%), from €25,336 to €28,708
- Depreciation +€1,522
up €1,522 (+48.7%), from €3,125 to €4,646
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,615 | €62,671 | +€11,056 | +21.4% |
| Fixed assets | 21/28 | €5,603 | €12,466 | +€6,863 | +122% |
| Tangible fixed assets | 22/27 | €5,578 | €10,941 | +€5,363 | +96.2% |
| Plant, machinery and equipment | 23 | €4,840 | €3,286 | -€1,554 | -32.1% |
| Furniture and vehicles | 24 | €738 | €7,655 | +€6,918 | +938% |
| Financial fixed assets | 28 | €25 | €1,525 | +€1,500 | +6,000% |
| Current assets | 29/58 | €46,012 | €50,205 | +€4,193 | +9.1% |
| Stocks and contracts in progress | 3 | - | €16,745 | +€16,745 | |
| Stocks | 30/36 | - | €16,745 | +€16,745 | |
| Amounts receivable within one year | 40/41 | €14,346 | €23,357 | +€9,012 | +62.8% |
| Trade receivables | 40 | €445 | €445 | = | 0.0% |
| Other amounts receivable | 41 | €13,901 | €22,912 | +€9,012 | +64.8% |
| Cash at bank and in hand | 54/58 | €27,858 | €6,012 | -€21,846 | -78.4% |
| Deferred charges and accrued income | 490/1 | €3,808 | €4,091 | +€283 | +7.4% |
| Total equity and liabilities | 10/49 | €51,615 | €62,671 | +€11,056 | +21.4% |
| Equity | 10/15 | €41,052 | €50,394 | +€9,342 | +22.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,416 | €32,758 | +€9,342 | +39.9% |
| Distributable reserves | 133 | €23,416 | €32,758 | +€9,342 | +39.9% |
| Profit (loss) carried forward | 14 | €11,436 | €11,436 | = | 0.0% |
| Amounts payable | 17/49 | €10,563 | €12,277 | +€1,714 | +16.2% |
| Amounts payable within one year | 42/48 | €10,443 | €12,153 | +€1,709 | +16.4% |
| Trade debts | 44 | €1,673 | €4,510 | +€2,838 | +170% |
| Suppliers | 440/4 | €1,673 | €4,510 | +€2,838 | +170% |
| Taxes, remuneration and social security | 45 | €8,771 | €7,642 | -€1,128 | -12.9% |
| Taxes | 450/3 | €483 | - | -€483 | |
| Remuneration and social security | 454/9 | €8,287 | €7,642 | -€645 | -7.8% |
| Accrued charges and deferred income | 492/3 | €120 | €124 | +€5 | +3.8% |
| Remuneration, social security and pensions | 62 | €25,336 | €28,708 | +€3,372 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,125 | €4,646 | +€1,522 | +48.7% |
| Other operating charges | 640/8 | €1,267 | €1,924 | +€657 | +51.8% |
| Gross operating margin | 9900 | €71,041 | €54,948 | -€16,093 | -22.7% |
| Operating profit (loss) | 9901 | €41,314 | €19,670 | -€21,643 | -52.4% |
| Financial income | 75/76B | €8 | €96 | +€87 | +1,061% |
| Recurring financial income | 75 | €8 | €96 | +€87 | +1,061% |
| Financial charges | 65/66B | €6,368 | €5,748 | -€620 | -9.7% |
| Recurring financial charges | 65 | €6,368 | €5,748 | -€620 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €34,953 | €14,018 | -€20,936 | -59.9% |
| Income taxes | 67/77 | €11,538 | €4,675 | -€6,862 | -59.5% |
| Profit (loss) for the period | 9904 | €23,416 | €9,342 | -€14,073 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,416 | €9,342 | -€14,073 | -60.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.