RenaSci Oostende Smart Chain Processing: 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.
RenaSci Oostende Smart Chain Processing
Largest movements
- Current investments +€2.0m
new in 2024: €2.0m
- Tangible fixed assets -€1.0m
down €1.0m (-9.2%), from €11.0m to €10.0m
of which Plant, machinery and equipment: -€749,170
- Cash +€275,320
up €275,320 (+732.6%), from €37,582 to €312,902
mainly Contributions, distributions and other (+€16.0m) and Depreciation (+€1.4m)
- Intangible fixed assets -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Contributions +€16.0m
up €16.0m (+316.1%), from €5.1m to €21.1m
- Other debts -€12.9m
no longer reported in 2024 (was €12.9m)
- Profit (loss) carried forward -€1.8m
down €1.8m (-17.0%), from -€10.4m to -€12.2m
- Current portion of long-term debt -€1.1m
down €1.1m (-82.4%), from €1.3m to €236,153
- Debts after one year +€876,666
up €876,666 (+35.1%), from €2.5m to €3.4m
- Depreciation -€427,042
down €427,042 (-22.8%), from €1.9m to €1.4m
- Turnover +€72,826
up €72,826 (+57.6%), from €126,460 to €199,286
- Services and other goods -€52,033
down €52,033 (-36.8%), from €141,462 to €89,429
- Financial charges -€12,520
down €12,520 (-3.5%), from €355,400 to €342,880
- Financial income +€3,635
up €3,635 (+107218.0%), from €3 to €3,638
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,551,391 | €12,595,415 | +€1.0m | +9.0% |
| Formation expenses | 20 | €32,143 | €23,571 | -€8,571 | -26.7% |
| Fixed assets | 21/28 | €11,441,200 | €10,229,703 | -€1.2m | -10.6% |
| Intangible fixed assets | 21 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Tangible fixed assets | 22/27 | €11,041,200 | €10,029,704 | -€1.0m | -9.2% |
| Land and buildings | 22 | €27,975 | €26,499 | -€1,476 | -5.3% |
| Plant, machinery and equipment | 23 | €8,065,223 | €7,316,053 | -€749,170 | -9.3% |
| Leasing and similar rights | 25 | €1,417,059 | €1,248,696 | -€168,363 | -11.9% |
| Other tangible fixed assets | 26 | €1,491,756 | €1,391,756 | -€100,000 | -6.7% |
| Assets under construction and advance payments | 27 | €39,187 | €46,700 | +€7,513 | +19.2% |
| Current assets | 29/58 | €78,048 | €2,342,140 | +€2.3m | +2900.9% |
| Amounts receivable within one year | 40/41 | €36,311 | €22,154 | -€14,157 | -39.0% |
| Trade receivables | 40 | €17,976 | - | -€17,976 | |
| Other amounts receivable | 41 | €18,336 | €22,154 | +€3,819 | +20.8% |
| Current investments | 50/53 | - | €2,000,000 | +€2.0m | |
| Other investments | 51/53 | - | €2,000,000 | +€2.0m | |
| Cash at bank and in hand | 54/58 | €37,582 | €312,902 | +€275,320 | +732.6% |
| Deferred charges and accrued income | 490/1 | €4,154 | €7,084 | +€2,930 | +70.5% |
| Total equity and liabilities | 10/49 | €11,551,391 | €12,595,415 | +€1.0m | +9.0% |
| Equity | 10/15 | -€5,346,400 | €8,885,816 | +€14.2m | |
| Contributions | 10/11 | €5,061,500 | €21,061,500 | +€16.0m | +316.1% |
| Capital | 10 | €5,061,500 | €21,061,500 | +€16.0m | +316.1% |
| Issued capital | 100 | €5,061,500 | €21,061,500 | +€16.0m | +316.1% |
| Profit (loss) carried forward | 14 | -€10,407,900 | -€12,175,684 | -€1.8m | -17.0% |
| Amounts payable | 17/49 | €16,897,790 | €3,709,599 | -€13.2m | -78.0% |
| Amounts payable after more than one year | 17 | €2,500,000 | €3,376,666 | +€876,666 | +35.1% |
| Financial debts | 170/4 | €2,500,000 | €3,376,666 | +€876,666 | +35.1% |
| Subordinated loans | 170 | €2,500,000 | €2,500,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €0 | €876,666 | +€876,666 | |
| Amounts payable within one year | 42/48 | €14,298,281 | €288,824 | -€14.0m | -98.0% |
| Current portion of amounts payable after more than one year | 42 | €1,340,326 | €236,153 | -€1.1m | -82.4% |
| Trade debts | 44 | €53,505 | €52,671 | -€834 | -1.6% |
| Suppliers | 440/4 | €53,505 | €52,671 | -€834 | -1.6% |
| Other amounts payable | 47/48 | €12,904,449 | - | -€12.9m | |
| Accrued charges and deferred income | 492/3 | €99,510 | €44,110 | -€55,400 | -55.7% |
| Operating income | 70/76A | €126,460 | €199,286 | +€72,826 | +57.6% |
| Turnover | 70 | €126,460 | €199,286 | +€72,826 | +57.6% |
| Operating charges | 60/66A | €5,725,941 | €1,627,829 | -€4.1m | -71.6% |
| Services and other goods | 61 | €141,462 | €89,429 | -€52,033 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,871,109 | €1,444,067 | -€427,042 | -22.8% |
| Other operating charges | 640/8 | €4,051 | €4,198 | +€147 | +3.6% |
| Non-recurring operating charges | 66A | €3,709,318 | €90,135 | -€3.6m | -97.6% |
| Operating profit (loss) | 9901 | -€5,599,481 | -€1,428,543 | +€4.2m | +74.5% |
| Financial income | 75/76B | €3 | €3,638 | +€3,635 | +107218.0% |
| Recurring financial income | 75 | €3 | €3,638 | +€3,635 | +107218.0% |
| Income from current assets | 751 | - | €3,638 | +€3,638 | |
| Other financial income | 752/9 | €3 | - | -€3 | |
| Financial charges | 65/66B | €355,400 | €342,880 | -€12,520 | -3.5% |
| Recurring financial charges | 65 | €355,400 | €342,880 | -€12,520 | -3.5% |
| Debt charges | 650 | €355,040 | €342,491 | -€12,549 | -3.5% |
| Other financial charges | 652/9 | €360 | €389 | +€29 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,954,877 | -€1,767,785 | +€4.2m | +70.3% |
| Profit (loss) for the period | 9904 | -€5,954,877 | -€1,767,785 | +€4.2m | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,954,877 | -€1,767,785 | +€4.2m | +70.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.