GROUP RENOTEC: 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.
What changed
GROUP RENOTEC
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · -€2,756+€1.2m
Equity
€15.3m
2024 · €14.1m+€1.2m
Cash
€463,560
2024 · €412,609+€50,951
Balance sheet total
€29.1m
2024 · €29.2m-€114,734
Largest movements
Assets
- Receivables within one year -€383,356
down €383,356 (-94.8%), from €404,369 to €21,013
of which Trade receivables: -€385,701
Equity and liabilities
- Reserves +€1.2m
up €1.2m (+8.6%), from €13.8m to €15.0m
of which Distributable reserves: +€1.3m
- Other debts -€734,481
down €734,481 (-33.4%), from €2.2m to €1.5m
- Debts after one year -€388,395
down €388,395 (-3.7%), from €10.4m to €10.0m
Income statement
- Financial income +€1.5m
up €1.5m (+1,301%), from €113,955 to €1.6m
of which Financial income: +€1.1m
- Financial charges -€239,650
down €239,650 (-38.1%), from €628,351 to €388,701
- Turnover -€201,500
down €201,500 (-7.0%), from €2.9m to €2.7m
- Depreciation +€142,857
up €142,857 (+16.6%), from €862,827 to €1.0m
- Services and other goods +€132,183
up €132,183 (+9.2%), from €1.4m to €1.6m
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.
Result 2024
-€2,756
Turnover
-€201,500
Goods and materials
+€2,978
Services and other goods
-€132,183
Depreciation
-€142,857
Other operating charges
+€49,100
Other operating items
-€108,267
Financial income
+€1.5m
Financial charges
+€239,650
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.2m
Financing
-€288,124
Cash 2024
€412,609
From operations (derived)
+€1.6m
Net result for the year
+€1.2m
Depreciation
+€1.0m
Receivables within one year
+€383,356
Deferred charges and accrued income
-€11,460
Provisions
-€38,226
Trade debts
+€35,530
Other debts
-€734,481
Accrued charges and deferred income
-€276,500
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€288,124
Debts after one year
-€388,395
Current portion of long-term debt
+€100,271
Cash 2025
€463,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,176,653 | €29,061,919 | -€114,734 | -0.4% |
| Fixed assets | 21/28 | €28,358,440 | €28,564,651 | +€206,211 | +0.7% |
| Tangible fixed assets | 22/27 | €18,776,632 | €19,053,383 | +€276,751 | +1.5% |
| Land and buildings | 22 | €18,776,632 | €18,613,063 | -€163,569 | -0.9% |
| Assets under construction and advance payments | 27 | - | €440,320 | +€440,320 | |
| Financial fixed assets | 28 | €9,581,808 | €9,511,268 | -€70,540 | -0.7% |
| Affiliated companies | 280/1 | €9,578,458 | €9,507,918 | -€70,540 | -0.7% |
| Participating interests | 280 | €9,578,458 | €9,507,918 | -€70,540 | -0.7% |
| Other financial fixed assets | 284/8 | €3,350 | €3,350 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €818,213 | €497,268 | -€320,945 | -39.2% |
| Amounts receivable within one year | 40/41 | €404,369 | €21,013 | -€383,356 | -94.8% |
| Trade receivables | 40 | €385,701 | - | -€385,701 | |
| Other amounts receivable | 41 | €18,668 | €21,013 | +€2,345 | +12.6% |
| Cash at bank and in hand | 54/58 | €412,609 | €463,560 | +€50,951 | +12.3% |
| Deferred charges and accrued income | 490/1 | €1,235 | €12,695 | +€11,460 | +928% |
| Total equity and liabilities | 10/49 | €29,176,653 | €29,061,919 | -€114,734 | -0.4% |
| Equity | 10/15 | €14,078,578 | €15,265,644 | +€1.2m | +8.4% |
| Contributions | 10/11 | €244,603 | €244,603 | = | 0.0% |
| Capital | 10 | €244,603 | €244,603 | = | 0.0% |
| Issued capital | 100 | €244,603 | €244,603 | = | 0.0% |
| Reserves | 13 | €13,833,974 | €15,021,041 | +€1.2m | +8.6% |
| Non-distributable reserves | 130/1 | €224,461 | €224,461 | = | 0.0% |
| Legal reserve | 130 | €224,461 | €224,461 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,994,443 | €1,879,764 | -€114,679 | -5.7% |
| Distributable reserves | 133 | €11,615,071 | €12,916,816 | +€1.3m | +11.2% |
| Provisions and deferred taxes | 16 | €664,814 | €626,588 | -€38,226 | -5.7% |
| Deferred taxes | 168 | €664,814 | €626,588 | -€38,226 | -5.7% |
| Amounts payable | 17/49 | €14,433,261 | €13,169,686 | -€1.3m | -8.8% |
| Amounts payable after more than one year | 17 | €10,437,379 | €10,048,984 | -€388,395 | -3.7% |
| Financial debts | 170/4 | €10,437,379 | €10,048,984 | -€388,395 | -3.7% |
| Subordinated loans | 170 | €2,500,000 | €2,750,000 | +€250,000 | +10.0% |
| Credit institutions | 173 | €7,937,379 | €7,298,984 | -€638,395 | -8.0% |
| Amounts payable within one year | 42/48 | €3,664,382 | €3,065,702 | -€598,680 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €1,388,374 | €1,488,645 | +€100,271 | +7.2% |
| Trade debts | 44 | €75,500 | €111,030 | +€35,530 | +47.1% |
| Suppliers | 440/4 | €75,500 | €111,030 | +€35,530 | +47.1% |
| Taxes, remuneration and social security | 45 | €1,506 | €1,506 | = | 0.0% |
| Taxes | 450/3 | €1,506 | €1,506 | = | 0.0% |
| Other amounts payable | 47/48 | €2,199,002 | €1,464,521 | -€734,481 | -33.4% |
| Accrued charges and deferred income | 492/3 | €331,500 | €55,000 | -€276,500 | -83.4% |
| Operating income | 70/76A | €2,894,135 | €2,692,635 | -€201,500 | -7.0% |
| Turnover | 70 | €2,894,135 | €2,692,635 | -€201,500 | -7.0% |
| Operating charges | 60/66A | €2,420,722 | €2,751,951 | +€331,229 | +13.7% |
| Goods for resale, raw materials and consumables | 60 | €2,978 | €0 | -€2,978 | -100% |
| Purchases | 600/8 | €2,978 | €0 | -€2,978 | -100% |
| Services and other goods | 61 | €1,442,796 | €1,574,980 | +€132,183 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862,827 | €1,005,684 | +€142,857 | +16.6% |
| Other operating charges | 640/8 | €112,120 | €63,020 | -€49,100 | -43.8% |
| Non-recurring operating charges | 66A | - | €108,267 | +€108,267 | |
| Operating profit (loss) | 9901 | €473,413 | -€59,315 | -€532,729 | |
| Financial income | 75/76B | €113,955 | €1,596,857 | +€1.5m | +1,301% |
| Recurring financial income | 75 | €113,955 | €1,244,202 | +€1.1m | +992% |
| Income from financial fixed assets | 750 | €111,321 | €1,244,202 | +€1.1m | +1,018% |
| Other financial income | 752/9 | €2,634 | - | -€2,634 | |
| Non-recurring financial income | 76B | - | €352,656 | +€352,656 | |
| Financial charges | 65/66B | €628,351 | €388,701 | -€239,650 | -38.1% |
| Recurring financial charges | 65 | €628,351 | €388,701 | -€239,650 | -38.1% |
| Debt charges | 650 | €628,351 | €388,701 | -€239,650 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,982 | €1,148,841 | +€1.2m | |
| Transfer from deferred taxes | 780 | €38,226 | €38,226 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€2,756 | €1,187,067 | +€1.2m | |
| Transfer from tax-exempt reserves | 789 | €114,679 | €114,679 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €111,922 | €1,301,746 | +€1.2m | +1,063% |
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 16 October 2026 via checked.be.