BO-RENODAK: 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.
BO-RENODAK
Largest movements
- Receivables after one year +€12,500
up €12,500 (+100%), from €12,500 to €25,000
- Receivables within one year +€9,662
up €9,662 (+168%), from €5,763 to €15,425
of which Other amounts receivable: +€10,245
- Deferred charges and accrued income +€1,843
new in 2025: €1,843
- Cash +€901
up €901 (+3,254%), from €28 to €929
mainly Tax, wage and social debts (+€8,315) and Trade debts (+€6,216)
- Tangible fixed assets -€696
down €696 (-7.6%), from €9,105 to €8,409
of which Furniture and vehicles: -€3,582
- Tax, wage and social debts +€8,315
up €8,315 (+200%), from €4,150 to €12,464
of which Remuneration and social security: +€5,104
- Trade debts +€6,216
up €6,216 (+192%), from €3,243 to €9,459
- Profit (loss) carried forward +€4,205
up €4,205 (+140,181%), from €3 to €4,208
- Debts after one year +€3,387
new in 2025: €3,387
- Current portion of long-term debt +€2,087
new in 2025: €2,087
- Staff costs +€33,939
new in 2025: €33,939
- Gross operating margin +€26,862
up €26,862 (+126%), from €21,236 to €48,098
- Depreciation +€2,248
up €2,248 (+251%), from €895 to €3,143
- Taxes -€1,489
down €1,489 (-36.5%), from €4,076 to €2,587
- Financial income +€1,026
up €1,026 (+170,950%), from €1 to €1,026
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 | €27,396 | €51,607 | +€24,211 | +88.4% |
| Fixed assets | 21/28 | €9,105 | €8,409 | -€696 | -7.6% |
| Tangible fixed assets | 22/27 | €9,105 | €8,409 | -€696 | -7.6% |
| Plant, machinery and equipment | 23 | - | €2,886 | +€2,886 | |
| Furniture and vehicles | 24 | €9,105 | €5,523 | -€3,582 | -39.3% |
| Current assets | 29/58 | €18,291 | €43,198 | +€24,907 | +136% |
| Amounts receivable after more than one year | 29 | €12,500 | €25,000 | +€12,500 | +100% |
| Other amounts receivable | 291 | €12,500 | €25,000 | +€12,500 | +100% |
| Amounts receivable within one year | 40/41 | €5,763 | €15,425 | +€9,662 | +168% |
| Trade receivables | 40 | €1,459 | €877 | -€582 | -39.9% |
| Other amounts receivable | 41 | €4,304 | €14,549 | +€10,245 | +238% |
| Cash at bank and in hand | 54/58 | €28 | €929 | +€901 | +3,254% |
| Deferred charges and accrued income | 490/1 | - | €1,843 | +€1,843 | |
| Total equity and liabilities | 10/49 | €27,396 | €51,607 | +€24,211 | +88.4% |
| Equity | 10/15 | €20,003 | €24,208 | +€4,205 | +21.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3 | €4,208 | +€4,205 | +140,181% |
| Amounts payable | 17/49 | €7,393 | €27,398 | +€20,006 | +271% |
| Amounts payable after more than one year | 17 | - | €3,387 | +€3,387 | |
| Financial debts | 170/4 | - | €3,387 | +€3,387 | |
| Amounts payable within one year | 42/48 | €7,393 | €24,011 | +€16,618 | +225% |
| Current portion of amounts payable after more than one year | 42 | - | €2,087 | +€2,087 | |
| Trade debts | 44 | €3,243 | €9,459 | +€6,216 | +192% |
| Suppliers | 440/4 | €3,243 | €9,459 | +€6,216 | +192% |
| Taxes, remuneration and social security | 45 | €4,150 | €12,464 | +€8,315 | +200% |
| Taxes | 450/3 | €4,150 | €7,361 | +€3,211 | +77.4% |
| Remuneration and social security | 454/9 | - | €5,104 | +€5,104 | |
| Remuneration, social security and pensions | 62 | - | €33,939 | +€33,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €895 | €3,143 | +€2,248 | +251% |
| Other operating charges | 640/8 | €1,036 | €1,675 | +€639 | +61.7% |
| Non-recurring operating charges | 66A | - | €2,853 | +€2,853 | |
| Gross operating margin | 9900 | €21,236 | €48,098 | +€26,862 | +126% |
| Operating profit (loss) | 9901 | €19,305 | €6,487 | -€12,818 | -66.4% |
| Financial income | 75/76B | €1 | €1,026 | +€1,026 | +170,950% |
| Recurring financial income | 75 | €1 | €1,026 | +€1,026 | +170,950% |
| Financial charges | 65/66B | €227 | €721 | +€495 | +218% |
| Recurring financial charges | 65 | €227 | €721 | +€495 | +218% |
| Profit (loss) for the period before taxes | 9903 | €19,079 | €6,793 | -€12,287 | -64.4% |
| Income taxes | 67/77 | €4,076 | €2,587 | -€1,489 | -36.5% |
| Profit (loss) for the period | 9904 | €15,003 | €4,205 | -€10,798 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,003 | €4,205 | -€10,798 | -72.0% |
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 18 October 2026 via checked.be.