  This paper aims at presenting the first steps towards a formulation of the
Exact Renormalization Group Equation in the Hopf algebra setting of Connes and
Kreimer. It mostly deals with some algebraic preliminaries allowing to
formulate perturbative renormalization within the theory of differential
equations. The relation between renormalization, formulated as a change of
boundary condition for a differential equation, and an algebraic Birkhoff
decomposition for rooted trees is explicited.
